Wind & Solar Subsidies Destroying Reliable & Affordable Power Supplies

stopthesethings's avatarSTOP THESE THINGS

Wind and solar subsidies were designed to undermine the owners of reliable power generation plants, making them uncompetitive in the first instance and ultimately putting them out of business.

The problem with that model, though, is that once-reliable generators are knocked off the grid, power consumers are then forced to pay the full price of the market chaos caused by weather-dependent wind and sunshine-dependent solar.

Well, as they say, you reap what you sow. And, so it is in the USA.

Robert Bradley takes a look at the cancerous destruction being wreaked by subsidised wind and solar in Texas.

“Negative Electricity Prices and the Production Tax Credit” (2012 warning for Texas went unheeded)
Master Resource
Robert Bradley
17 May 2022

[Editor note: The current (May) problems of the Texas Grid reflect a socialized wholesale market (ERCOT) in light of the wind/solar cancer that has wounded the ‘reliables.’ Specifically, negative pricing of windpower, a…

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June 1, 1533: Anne Boleyn is Crowned Queen of England

liamfoley63's avatarEuropean Royal History

Anne Boleyn (c. 1501 – May 19, 1536) was Queen of England from 1533 to 1536, as the second wife of King Henry VIII. The circumstances of her marriage and of her execution by beheading for treason and other charges made her a key figure in the political and religious upheaval that marked the start of the English Reformation.

Anne was the daughter of Thomas Boleyn, 1st Earl of Wiltshire, and his wife, Lady Elizabeth Howard, and was educated in the Netherlands and France, largely as a maid of honour to Queen Claude of France. Anne returned to England in early 1522, to marry her Irish cousin James Butler, 9th Earl of Ormond; the marriage plans were broken off, and instead she secured a post at court as maid of honour to Henry VIII’s wife, Catherine of Aragon.

Early in 1523, Anne was secretly betrothed to Henry Percy, son of…

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Definitions matter

RiskMonger's avatarThe Risk-Monger

What follows is the raw script/notes from my presentation at the World Potato Congress in Dublin on 1 June 2022. As the presentation was given without supports, some of the text may differ from the actual delivered speech.
It was nice to be back on stage.

Reality is perceived by the definitions we give; the black and white lines we draw upon a grey canvas. So in communications, the message is controlled by the wordsmither – the one framing the language that guides our social discourse.

Who is controlling the definitions to the concepts we are using in agriculture and food research?

This might seem obvious but many food/agriculture issues in Brussels are problematic because of poor lexicons. Definitions matter in that they frame our policy discussions, regulations and emotional responses. Regulators start their work with definitions and tend to use this to limit problems or to reach solutions to…

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In Conversation with Deirdre McCloskey

Harold Demsetz Conference

The life of Julius Caesar by Suetonius (120 AD)

Simon's avatarBooks & Boots

Suetonius

Not much is known about Gaius Suetonius Tranquillus, generally referred to as Suetonius. He was born around 70 AD, probably in a town in modern-day Algeria. He may have taught literature for a while, he seems to have practiced the law. He is recorded as serving on the staff of Pliny the Younger when the latter was governor of Bithynia in north Turkey in 110 to 112 AD. Subsequently he served on the staff of emperors, being in charge of the emperor’s libraries under Trajan and then managing the emperor Hadrian’s correspondence. Pliny describes him as a quiet and studious man devoted to his writing. He wrote The Lives of Illustrious Men, 60 or so biographies of poets, grammarians, orators and historians, almost all of which has been lost (except for short lives of Terence, Virgil and Horace).

The Lives of the Caesars, by contrast, has survived…

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Subsidy Cuts Mean Wind Turbine Makers Face Miserable & Uncertain Future

stopthesethings's avatarSTOP THESE THINGS

The wind industry was built on lies and runs on subsidies; cut the subsidies and the whole thing collapses in a heartbeat.

Wind turbine makers like Germany’s Siemens are having a rather miserable time of it, of late. Subsidies were already being wound back across Europe (and with it demand for these whirling wonders) when an ambitious Russian decided to storm across Ukraine in an effort to expand Russia’s territorial control.

All of a sudden, focus was drawn on Europe’s critical dependence upon Russian gas; a critical component of their reliance upon intermittent wind and solar.

The Germans have now renounced their purported disdain for nuclear and coal-fired power, opting to have power as and when they need it. The French, among others, are determined to expand their nuclear power generation capacity, as if their lives and livelihoods depend upon it. Needless to say, the love affair with the unreliables…

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Blame the Federal Reserve

Dan Mitchell's avatarInternational Liberty

Back in 2015, I explained to Neil Cavuto that easy money creates the conditions for a boom-bust cycle.

It’s now 2022 and my argument is even more relevant.

That’s because the Federal Reserve panicked at the start of the pandemic and dumped a massive amount of money into the economy (technically, the Fed increased its balance sheet by purchasing trillions of dollars of government bonds).

As the late, great Milton Friedman taught us, this easy-money, low-interest-rate approach produced the rising prices that are now plaguing the nation.

But that’s only part of the bad news.

The other bad news is that easy-money policy sets the stage for future hard times. In other words, the Fed causes a boom-bust cycle.

Desmond Lachman of the American Enterprise Institute explains how and why the Federal Reserve has put the country in a bad situation.

Better late than never. Today, the…

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Depressing Polling Data

Dan Mitchell's avatarInternational Liberty

Here are some of America’s main economic problems.

And that’s just a partial list. I’m not asserting that markets produce perfect results. Indeed, markets are a never-ending process of creative destruction.

But what I am stating is that intervention by politicians and bureaucrats almost always leads to bad outcomes.

So you can imagine my angst and disappointment at this recent polling data from Echelon Insights. A plurality thinks the government should “do more.”

I’m tempted to speculate whether 47 percent of Americans are morons.

But let’s take the high road and simply dig into the numbers. Whenever I see polling data, I always check…

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France’s Nuclear Shutdown Hits 50% of Reactors, Squeezing Supply

Blackout Blame Shifting: Wind & Solar Collapses Responsible For Unplanned Power Outages

stopthesethings's avatarSTOP THESE THINGS

Wind and solar generators happily take credit when the sun’s up and the wind’s blowing, but dodge all criticism when blackouts follow sunset and/or calm weather. The standard trick is to point in every direction – except the obvious – when power rationing (euphemistically called “demand management”) or unplanned power rationing (aka widespread blackouts) follows routine and unpredictable collapses in wind and solar output.

All care and no responsibility, renewable energy rent seekers then point the finger at coal and gas generators – where a few of their units are often offline for routine maintenance, or, if they suffer a breakdown, are repaired and up and running in a jiffy – and assert that the chaos was all their fault.

The line goes that wholesale prices spiked and/or power supplies were cut because a coal-fired or gas-fired generator failed to deliver X hundred MWs of power, cleverly ignoring the fact…

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Disturbing runoff pairing for Colombia

msshugart's avatarFruits and Votes

In yesterday’s presidential election in Colombia, the top two candidates were from the extremes of the political spectrum. Leading the pack is Gustavo Petro, a former guerrilla of the M-19 (which demobilized about thirty years ago and has been a political party, or component of various alliances, since). He won 40.3% of the vote. In second place is Rodolfo Hernández, with 28.2%. He is an outsider–having had only municipal political experience in a medium-sized city1–and presents as Colombia’s Trump/Bolsonaro/Bukele. Or worse, as he is on record saying he admires Hitler.

Regular readers of this blog or followers of my published research will know I have always been skeptical of two-round majority election of presidents. And this Colombian runoff pairing is a perfect demonstration of why–sometimes reducing choices to two means a choice between two brands of poison. Consider the third-place candidate: Federico Gutiérrez, who finished just under five…

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Hurricane Activity Close To Lowest On Record In Last Year

Elizabeth I, Parliament and the creation of new peers, 1558-1603

Andrew Thrush's avatarThe History of Parliament

Ahead of next Tuesday’s VirtualIHR Parliaments, Politics and People seminar, we hear fromDr Andrew Thrush of the History of Parliament. On 7 June 2022, between 5.15 p.m. and 6.30 p.m., Andrew will be responding to your questions abouthis pre-circulated paper on Elizabeth I, Parliament and the creation of new peers.Andrew’s full-length paper isavailable bysigning up to his seminarand contactingseminar@histparl.ac.uk.Details of how tojoin the discussion are available here.

Students of Elizabethan England know why Elizabeth I ennobled her chief minister, Sir William Cecil, or so they assume. Generations of us have been taught that Cecil, who had served his political apprenticeship under Edward VI, was created Baron of Burghley in 1571 because of his years of loyal service to the crown. That, after all, was the explanation given by the queen herself at the time, in the letters patent which…

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Sir Jonathan Jones QC (Hon): The Northern Ireland Protocol, International Law and the Attorney General

UKCLA's avatarUK Constitutional Law Association

The Times recently (11 May 2022) reported that the Attorney General, Suella Braverman, had received, and given, legal advice to the effect that proposed government action in relation to the Northern Ireland Protocol was compatible with international law.  As I write, we have still not seen details of either the proposals or the legal arguments on which the government intends to rely.  What is going on?

First, it is unusual and unsatisfactory that the existence of this legal advice has been leaked. For one thing, unless the leak was authorised by the Attorney General herself, it looks like a breach of the Ministerial Code, paragraph 2.13 of which says:

The fact that the Law Officers [that is, the Attorney General, Solicitor General and Advocate General for Scotland] have advised or have not advised and the content of their advice must not be disclosed outside Government without their authority.

Note…

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