Utopia, you are standing in it!

The pro wind and solar camp have made every effort to conceal the cause of mass blackouts in California, Texas, Germany and South Australia. With a pliant mainstream press complicit in the cover-up, it’s little wonder that the average Joe has no idea what’s going on.

Well, that’s what sites like STT and Master Resource are for. Wayne Lusvardi provides a detailed synopsis of why California’s power grid is in such chaos.

As he puts it, the growing burden of renewable energy on the power grid is near or at maximum levels in some key states such as California and Texas. A product that was once ‘firm’ is now precarious with central planning by regional transmission organizations (RTOs) or Independent System Coordinators (ISOs). Expect a reliability index to be introduced for state-by-state analysis as the cancer grows and spreads.

California Summer Blackouts? (Bureaucratic Green Doublespeak)
Master Resource
Wayne Lusvardi
24…

Edward Nelson’s name is one of those widely known brands in monetary economics that need no special introduction. He has been a fixed star of the profession for decades. Right after earning his PhD degree at Carnegie Mellon University under the supervision of Bennett T. McCallum and Allan H. Meltzer, household names in the field, he started his professional career as a central bank economist at the Bank of England, then proceeded to the Federal Reserve Bank of St. Louis. His current position is at the Division of Monetary Affairs of the Board of Governors of the Federal Reserve System, Washington DC, where now as a senior advisor (and former assistant director, and former senior economist of the monetary studies section) he is responsible for supporting the decision makers at the Board and the Federal Open Market Committee.

An outstanding publication record comes with this high impact in monetary policy…

No country has ever powered itself entirely with wind and solar power; no country ever will. In Britain, the threat of blackouts now looms every time the wind drops off, thanks to an overreliance on unreliable wind power.

Back in August 2019 we reported on a mass blackout that struck Britain, when an offshore wind farm decided to down tools: Blackout Nation: Wind Power Output Collapse Leaves Millions of Brits Totally Powerless

To say that Britain’s once reliable power grid is under threat, is mastery in understatement. And, as Paul Homewood reports, things can only get worse from here.

Wind slump risks blackouts as Britain goes ‘green’
Not a Lot of People Know That
Paul Homewood
24 May 2021

Wind Slumps risks Blackouts as Britain Goes Green
The Telegraph
Rachel Millard
24 May 2021

Prolonged periods of low wind and solar power could trigger blackouts as Britain races to ditch fossil…

The term involuntary unemployment was introduced by Keynes in the General Theory as the name he attached to the phenomenon of high cyclical unemployment during the downward phase of business cycle. He didn’t necessarily restrict the term to unemployment at the trough of the business cycle, because he at least entertained the possibility of underemployment equilibrium, presumably to indicate that involuntary unemployment could be a long-lasting, even permanent, phenomenon, unless countered by deliberate policy measures.

Keynes provided an explicit definition of involuntary unemployment in the General Theory, a definition that is far from straightforward, but boils down to the following: if unemployment would not fall as a result of a cut in nominal wages, but would fall as a result of a cut real wages brought about by an increase in the price level, then there is involuntary unemployment. Thus, Keynes explicitly excluded from his definition of involuntary unemployment, unemployment…

If massive subsidies tacked onto your power bill and directed to wind and solar generators wasn’t enough, there’s a government backed slush fund channelling hundreds of $millions into the wind and solar scam, as well.

In Australia the Clean Energy Finance Corporation is a Federal government backed outfit that has been doling out soft money to large-scale solar and wind projects that otherwise struggle to raise the capital needed to get off the ground.

But most operations run by bureaucrats, the CEFC is long on spin and waffle and short on hard numbers and accountability.

A couple of weeks back, One Nation Senator, Malcolm Roberts set out to get behind the bureau-speak and uncover precisely how much taxpayers’ money is being squandered by the CEFC.

Clean Energy Finance Corporation is Going Backwards – Senate Estimates
One Nation
Malcolm Roberts
27 May 2021

The CEFC holds $10 billion of taxpayer money…

Credit: planetsave.com

Embarrassing. Whatever the true science may be, it’s not what the court claimed. Is an appeal against their verdict in order?
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A recent Dutch Court decision is getting international attention because it commands climate action.

The case itself is like angels on a pinhead, so of little interest, says David Wojick @ CFACT.

Shell Oil proposed to cut CO2 emissions by 40% and the Court made it 45%, both targets being stupid. The real concern is the precedent of Courts making climate policy, so this decision is worth looking at.

Turns out the Court’s version of the science is amazingly bad.

As the wind and solar cult would have it, ‘coal is dead’ and wind and solar power are the gloating villains that killed it. Well, that’s the meme, anyway.

Back on Earth, coal-fired power and the coal industry that fuels it are in very robust health, indeed.

Outside of the virtue signalling Western nations that signed up to heavily subsidise the unreliables, demand for coal has never been stronger. And there are plenty of willing players eager to satisfy that demand.

Vladimir Putin is among them, with plans to increase, already surging, Russian coal production even further.

We’ll cross to the team at Jo Nova for the latest on coal’s Russian resurgence, and then we’ll take a look at the surge in global demand for coal, with the help of the Global Warming Policy Forum.

Russia bets big on coal, gas, fossil fuels, and not on renewables
Jo Nova Blog