Planet Gore

The California-cation of U.S. Energy

Great. Now we see that a nuclear power renaissance is unlikely, due to the economic downturn and concommitant credit difficulties.
Coal, of course, is on track to be “bankrupt[ed]” by our president-elect, and EPA is leading the way. [You see, Congress has heretofore been responsible enough to serially reject greenhouse-gas rationing. (Though it remains derelict for not passing this common-sense injunction against EPA’s false urgency when it should be proceeding deliberately. And you can do your part, here). Of course, with Beverly Hills’ own Henry Waxman now chairing Energy & Commerce, there’s renewed “hope” for congressional climate-change irresponsibility.]
The supply of natural gas, as Alan Greenspan among others have long warned, is also being strangled.
Out West we are breaking dams, and can no longer build them.
So it appears that we will just have to rely on electricity, instead electricity, that is, that we won’t be getting from coal, hydro, natural gas, and nuclear (which together provide 95.4 percent of our electricity currently).

Oddly, uneconomical wind, solar, and pixie dust are on tap for massive subsidies under the cover of “green jobs” — and, as you can also see in the graph above, these have never proven to supply anything near the power that a modern society requires.While a president or congress can choose to subsidize these extravagances — which is merely an inefficient reallocation of resources from productive uses, and therefore slightly harmful — mandating their use is highly destructive.
The stock market continues to offer a snapshot of investor expectations of future economic performance. And while I hate to say it, given the way that the near- and mid- terms are shaping up, I trust that the Dow seems to have things about right, at present. Henry Waxman’s ascension will do little to rouse the bulls on Wall Street.

Most Popular

Culture

What Self-Help Guru Tony Robbins Was Trying to Say

Tony Robbins must have known immediately that he'd made a huge mistake in how he responded to a question about #MeToo. Last month, at one of Robbins's popular, sold-out seminars, audience member Nanine McCool told the self-help guru that she thought he misunderstood the #MeToo movement. You can see the entire ... Read More
Sports

The Dominant-Sport Theory of American Politics

I think it’s safe to assert that President Trump has an unfortunate tendency to do and say (and tweet) embarrassing things. When he does, we all join in the condemnation, and often it’s not so much for the substance as for the style. The president of the United States should be dignified, measured, slow to ... Read More
Film & TV

Little Pink House Speaks Truth to Power

Coming soon to a cinema near you—you can make this happen; read on—is a bite-your-nails true-story thriller featuring heroes, villains, and a history-making struggle over . . . the Constitution’s Takings Clause. Next February 24, Little Pink House will win the Oscar for Best Picture if Hollywood’s ... Read More