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Made Me Mad

  • Writer: Lucian@going2paris.net
    Lucian@going2paris.net
  • Jul 18, 2022
  • 5 min read

This opinion piece from the WSJ is wrong and biased in so many ways. My comments are in the brackets.



OPINION REVIEW & OUTLOOK


The West’s Climate Policy Debacle


Utopian energy dreams are doing great economic and security damage.


By The Editorial Board


Soaring oil and natural gas prices. Electricity grids on the brink of failure. Energy shortages in Europe, with worse to come. The free world’s growing strategic vulnerability to Vladimir Putin and other dictators.


These are some of the unfolding results in the last year caused by the West’s utopian dream to punish fossil fuels and sprint to a world driven solely by renewable energy. [Most reasonable renewable advocates understand we need natural gas fired power plants for the foreseeable future.]. It’s time for political leaders to recognize this manifest debacle [is the WSJ now using comparable terms to “climate crisis” and “climate catastrophe?”] and admit that, short of a technological breakthrough, the world will need an ample supply of carbon fuel for decades to remain prosperous and free [free? Really?]


Consider the costly consequences of misguided climate regulation, subsidies and mandates:

• People even in affluent countries are learning they can no longer take reliable electric power for granted. Texas’s grid operator this month told residents not to use major appliances to avoid rolling blackouts amid a heat wave that brought wind power to a near standstill. Sluggish wind power also contributed to a week-long power outage amid freezing temperatures in February 2021. [The question is why has the Texas generation market — which is a competitive market, not regulated — brought on more capacity. That’s a stste issue, not a federal one. And the WSJ is showing it’s pettiness by citing wind pier’s contribution to the problems in February 2021. The main culprit was NG fired plants that were not adequately winterized.]


The North American Electric Reliability Corporation recently warned that two-thirds of the U.S. could experience blackouts this summer. Blame shrinking baseload power generation, which has been replaced by unreliable renewable energy. Regulators can’t command the sun to shine or wind to blow. [So the regulators are not to blame? Why didn’t system operators request more capacity be built? Big bad “unreliable renewable energy” is not the blame here — the system operators showed have paid base load plants more to be available.]


A third of the nation’s coal power and 10% of its nuclear capacity has shut down over the past decade owing to stricter environmental regulation and competition from cheap natural gas as well as heavily subsidized renewables [“heavily subsidized”. I don’t know what that means. How much is “heavily subsidized?]. [Yes, coal plants and nukes have shut down because the competitive markets don’t adequate compensate them. I don’t know what “stricter environmental regulation” the WSJ is referring to.] Natural gas generators have picked up some of the slack. But they are under stress from having to ramp up and down to balance intermittent renewables. [Bull shit - gas plants are built to be ramp up and down.]


Ironically, grid operators are having to keep coal plants scheduled to retire on life support. Super-green California plans to buy electricity from diesel generators when supply is tight. Grids in Texas and California are teetering, with renewables making up about a third of generation. And President Biden wants the national grid to run on carbon-free power by 2035, as if he can command it to be so.


• The rushed green transition is driving up energy prices across the board. [Wrong — the high price of natural gas is driving up prices - renewables actual help keep prices lower since there is no fuel cost.]. Peak-time electricity wholesale prices this summer are projected to more than double in the Northeast, Mid-Atlantic and Midwest, according to the Energy Information Administration. Blame the left’s war on pipelines, which has constrained natural gas production even as demand grows. [Bull shit again; pipelines are fought by all parties. NIMBY].


Surging energy prices are causing some steel and aluminum manufacturers to idle plants. In desperation, manufacturers are urging the Biden Administration to limit liquefied natural gas exports to Europe to lower energy prices, though Europe needs the LNG to avoid freezing this winter. [The free market is great until its not? Do you want the government involved or not?]


Retail consumers in much of the U.S. have largely been shielded so far because states limit utility rate increases. But average residential electricity prices in Texas’s deregulated power markets have climbed 70% over the past year. Americans can look forward to similar increases in the years ahead—either that, or utilities will go bankrupt as many have in Europe. [Many states have a competitive generation market with gas fired plants determining the market price. Again, renewables are price takers, not price makers.]


• Supply shortages. When European power prices soared last summer as wind power slowed, Mr. Putin took advantage by slowing gas pipeline deliveries. That pushed up prices even more, causing some European manufacturers to suspend production. Now Mr. Putin seems ready to cut off all gas supplies. [The EU made a deal with Devil.]


Europeans are drafting emergency plans to ration supply to manufacturers. But German leaders are still shutting down their three operating nuclear plants by year’s end. To quote the final word of “The Bridge on the River Kwai”: “madness.” Germany must resort to burning coal and oil, as its trillion-dollar investment in wind and solar can’t make up for Russian gas. [Burning oil??? Germany has nukes it shutdown.]


Berlin is contemplating a bailout of power retailer Uniper. The French government recently announced plans to nationalize its financially struggling nuclear giant Electricite de France SA. The U.K. this spring announced a government takeover of National Grid’s transmission system to manage its chaotic shift away from fossil fuels. [OMG! All this is because of renewables?? BS]


During Australia’s power crisis last month—the culprit again was too many coal plant retirements—its grid operator suspended wholesale markets and imposed price controls. Failed climate policies are becoming an excuse for more government control of energy production.


• Empowering dictators. Europe’s climate obsession made itself vulnerable to the Kremlin, but Mr. Putin isn’t the only dictator smiling at the West’s energy woes. President Biden had to beg [unlike Trump who did the same thing? “Beg” is such a biased word.] the Saudis for more oil production, and his Administration may ease sanctions on Venezuelan dictator Nicolás Maduro for more barrels of production. Iran may be liberated to export oil next.


Do Western leaders recognize or care that their climate monomania is endangering living standards in democracies and empowering authoritarians? Historian Arnold Toynbee argued that civilizations die from suicide, not murder. The West’s climate self-destruction may prove him right. [WSJ - did you allow your Fox News colleagues to write this paragraph. What’s your answer WSJ? Sounds to me that the market is sending signals to users. Are we to not care about carbon emissions??]

 
 
 

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4 Comments


tommasopacelli
Jul 19, 2022

There have been both long and short term factors which have caused the current situation, it has been years in the making. With that said, just two years ago we did not see the high gas prices which have bled into causing inflation for everything we consume. Certainly, governmental decisions, not just in the energy sector, made in those last two years are responsible for the acceleration of the energy crisis. short term decision making does not result in good long term policy. term limits are the answer.

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dsmithuva75
Jul 19, 2022

And this editorial did not even mention the effects of ESG on corporate decision-making.

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dsmithuva75
Jul 19, 2022

Many people simply do not share your views on this, Lucian, and with good reasons.

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Lucian@going2paris.net
Lucian@going2paris.net
Jul 19, 2022
Replying to

You dispute my rebuttal to WSJ’s errors? Not sure I appreciate your “with good reason.” I understand some percentage of people don’t understand the issue. I also some are clouded by their political views. This problem of not enough generating capacity is not rocket science. Most of the electric generation decisions in the US are now free market decisions. Blaming the “government” is a cop out.

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