Carbon Cult Gets Free Passes on Unintended Consequences – Why?

Russ Steele

SOLAR Unintended Consequences (The Daily Bell) 

Solar Cells Linked to Greenhouse Gases Over 23,000 Times Worse than Carbon Dioxide According to New Book, Green Illusions … Solar cells do not offset greenhouse gases or curb fossil fuel use in the United States according to a new environmental book, Green Illusions (June 2012, University of Nebraska Press), written by University of California – Berkeley visiting scholar Ozzie Zehner.

Green Illusions explains how the solar industry has grown to become one of the leading emitters of hexafluoroethane (C2F6), nitrogen trifluoride (NF3), and sulfur hexafluoride (SF6). These three potent greenhouse gases, used by solar cell fabricators, make carbon dioxide (CO2) seem harmless.

Wind Turbine Unintended Consequences (WSJ)

For years, the wind energy industry has had a license to kill golden eagles and lots of other migratory birds. It’s not an official license, mind you.

But as the bird carcasses pile up—two more dead golden eagles were recently found at the Pine Tree wind project in Southern California’s Kern County, bringing the number of eagle carcasses at that site to eight—the wind industry’s unofficial license to kill wildlife is finally getting some serious scrutiny.

Some 77 organizations—led by the American Bird Conservancy, Cornell Laboratory of Ornithology, Endangered Species Coalition and numerous chapters of the Audubon Society—are petitioning the U.S. Fish and Wildlife Service to toughen the rules for the siting, permitting and operation of large-scale wind projects.

It’s about time. Over the past two decades, the federal government has prosecuted hundreds of cases against oil and gas producers and electricity producers for violating some of America’s oldest wildlife-protection laws: the Migratory Bird Treaty Act and Eagle Protection Act.

But the Obama administration—like the Bush administration before it—has never prosecuted the wind industry despite myriad examples of widespread, unpermitted bird kills by turbines. A violation of either law can result in a fine of up to $250,000 and imprisonment for two years.

The Church of Climatology can kill 70 Golden Eagles every year in the Altamont Pass and fill the air with exotic greenhouse gases and still get a free pass from the EPA, CEPA and CARB.  Why are the Climate Cults not responsible for the unintended consequences of their  actions? Why have government agencies not responded to these ecological violations?  They go after oil, gas and power companies, why not solar and wind companies?   Why, because most citizens do not give a damn.

The COPs and CARB

Russ Steele

This is what happens when legislators give bureaucrats unlimited power and remove them from voter oversight.  The CalWatchDog has the story by Katy Grimes

CARB’s Clean truck month

Nichols then talked about how successful the new diesel regulations have been in forcing truck owners to replace their diesel engines with new ones at a cost of $50,000 to $60,000 each. Truck owner-operators who could not afford to do this have gone out of business.

However, the diesel regulations imposed by CARB were doctored, as I have written about extensively. Even with this information, CARB forged ahead with the program and killed a great many small businesses.

CARB’s enforcement arm

CARB has now “partnered” with law enforcement to ensure compliance. The California Highway Patrol has been ordered to pull truck drivers over to run tests on their engines to see if they are complying with CARB’s diesel regulations.

CARB calls this their “full commitment to compliance.” There was a great deal of talk at the meeting about enforcement and penalties.

Last month, enforcement activities were conducted at CHP inspection stations, border crossings, truck stops, roadside locations, rest stops and port facilities.

Additionally, there was a well-coordinated media campaign orchestrated by CARB. Board members and staff bragged about the 37 news stories done by television news. They even showed clips of a few news stories. These were not public service announcements.

So now we have the California Air Resources Board writing the news, and compliant media reporting it as if it is spontaneous.

The end result is that taxpayer and rate payers pick up the bill for this stupidity.  Our only solution is to remove the legislator that create the bureaucracies and reign in the bureaucrats hiding in their concrete caves.

Insight Worth Noting from the Economist

Russ Steele

“The entire renewables sector, Mr Helm argues, has become an orgy of rent-seeking”

The system therefore relies on a panoply of subsidies which, as night follows day, has produced an enormous industry to compete for them—wind and solar firms, lobbyists, NGOs and politicians. The entire renewables sector, Mr Helm argues, has become an orgy of rent-seeking.

An CARB is more than willing to drag the tax and rate payers of California into this rent seeking orgy.

Prop 23 Update: Current Gas Prices a Test Run for Cap and Trade – The Impact?

Russ Steele

If you think that gas prices are high now wait until AB-32 Cap and Trade kicks in, starting in January 2013.

Wayne Lusvardi writing at the CalWatchDog has some details:

Under Cap and Trade, gas prices are expected to increase from $0.26 to $1.61 per gallon. One study concluded that, if all the provisions of Cap and Trade were loaded into the price of gasoline, it would reflect about a $2.70 per gallon gasoline price increase above prices as they were before the current surge.  In other words, California’s current gas price bump may be a pimple of what is to come in three months when Cap and Trade kicks in on Jan. 1.

Average gasoline prices in California shot up 50 cents per gallon in the last two weeks from $4.11 to $4.61 per gallon, according Reuters.  The price difference between Jackson, Miss. at $3.43 per gallon and California at $4.61 was $1.18 higher. That’s about a 34 percent price spread.  Many independent gas stations were reportedly shutting down — not because of lack of supply of gas, but due to the jump in price that reduced profit margins to zero.

The question is what will be the long term impact on the local economy as fuel, gas and diesel, prices stay well above $4.00 a gallon? Potential tourist income will not be going up to compensate for higher fuel prices.  Their budget are being challenges by higher food prices due to increased transportation and agricultural costs.  All these cost increases will result in less disposable income. Income familes might invest in a day or vacation trip to Nevada County.  Some families will be making the choice between food or fuel.  Those decisions will impact our local economy.

Prop 23 Update: Where are the Green Jobs?

Russ Steele

Remember how we were told by the local left that the full implementation of AB-32 and the Federal Stimulus would create lots of green job in the US and in California?   Here are some details from Master of Engineering Blog on where those jobs are not and how much the ones that were created cost the taxpayers.  My comments in [ ]s 

The 2009 stimulus directed around $90 billion toward green initiatives, including loan guarantees for green energy firms, money to weatherize homes, green jobs training grants, and many other projects. [Romney mention the $90 billion in his debate with Obama, who had no answers, and this is the reason why.]

In an audit released in September, the Department of Labor’s inspector general found that a $500 million program for training people with so-called green skills has so far produced only 1,336 jobs that have lasted over 6 months, with $163 million already spent. This amounts to $121,856 per successful green trainee.

The Obama administration had an idea that would solve the jobs crisis and our environmental woes in one fell swoop. They gave loans and grants to green energy and research companies in order to move the market forward and enable the companies to hire more employees.

- SunPower, after receiving $1.5 billion from DOE, is reorganizing, cutting jobs.

- First Solar, after receiving $1.46 billion from DOE, is reorganizing, cutting jobs.

- Solyndra, after receiving $535 million from DOE, filed for bankruptcy protection.

- Ener1, after receiving $118.5 million from DOE, filed for bankruptcy protection.

- Evergreen Solar, after receiving millions of dollars from the state of Massachusetts, filed for bankruptcy protection.

- SpectraWatt, backed by Intel and Goldman Sachs, filed for bankruptcy protection.

- Beacon Power, after receiving $43 million from DOE, filed for bankruptcy protection.

- Abound Solar, after receiving $400 million from DOE, filed for bankruptcy protection.

- Amonix, after receiving $5.9 million from DOE, filed for bankruptcy protection.

- Babcock & Brown (an Australian company), after receiving $178 million from DOE, filed for bankruptcy protection.

- A123 Systems, after receiving $279 million from DOE, shipped some bad batteries and is barely operating. It cut jobs.

- Solar Trust for America, after receiving a $2.1-billion loan guarantee from DOE, filed for bankruptcy protection.

- Nevada Geothermal, after receiving $98.5 million from DOE, warns of potential defaults in new SEC filings.

So, now you know that  Green Jobs was a major failure in both the production of jobs and in the ability to produce green energy. Obama green job myth has exploded in his face and the tax and rate payer have to pay for this failure.  We cannot stand 4 more years of this kind of failure. And we hear nothing but crickets from our local lefties who were promoting AB-32 and the Green Stimulus.  Tell us where are the green jobs?  

Prop 23 Update: Global Warming is Killing Electric Cars?

Russ Steele

We were suppose to be buying electric cars to save planet from global warming. But, it appears that global warming is damaging if not killing electric cars.  Details HERE.

Leaf owners in Phoenix noticed that upon full battery charge, their dashboard charge indicator showed a decreasing capacity. According to hybridCARS website range per battery charge has dropped from the advertised 100 miles to as low as 44 miles.

At first Nissan claimed it was a fault of the dashboard gauge, but that proved not to be the case. The lithium ion battery was actually losing charging capacity over time. (See here for a detailed discussion on the physical and chemical processes which cause battery capacity reduction.) Tests show that the battery “ages” more than twice as fast in hot climates compared to cool climates.

Why would anyone buy an electric car?  It seems to be a question that many buyers are asking them selves and not coming up with a buying answer.  US electric car battery plants are sitting idle, after Obama invested billions to create a battery industry in the US.  Why, auto customers are not interested in buying electric cars. Especially electric cars that can only go 44 miles, which will soon be cut in half again to 22 miles per charge as the UN IPCC/GISS global temperatures continue to increase.  Heh!

Prop 23 Update: Al Gore Bails On Solar Investment Strategy

Russ Steele

Al Gore’s “Green” Investment Company has exited the solar business. After taking an economic hair cut on their “go green” solar investments his company has exited the solar investment business according to SEC Filings.

If you are thinking about green energy for your portfolio, Al Gore has a few words of advice: “Don’t do it.”

“Of course he does not say that in public,” says Bill Gunderson, president of Gunderson Capital Management. “Gore’s company still talks about how alternative energy is a good investment. How companies are adopting it, governments are subsidizing it and people are using it.”

But SEC filings from Gore’s company, Generation Investment, tell a different story, says Gunderson, who hosts a nationally syndicated financial talk radio program and writes for MarketWatch and TheStreet.com.

“Generation Investment says it is all about climate change, but it is just a typical investment fund with typical stocks,” Gunderson said.<

You can read more HERE:

In the summer of 2010, Generation Investment bought about 440,000 shares of First Solar, worth almost $65 million

Gore bought near the peak.

As the price of First Solar plunged from $141 in 2010 to $30 in the first quarter of 2012, Gore’s company kept throwing good money after bad, buying more and more stock until its investment in early 2012 totaled about 1.12 million shares worth about $28 million dollars.

Generation Investment sold it soon after, SEC records show.

Generation Investment also has private investments and investments in other alternative energy companies that it is not required to disclose to the SEC.

Among the companies listed in the “private and confidential client update” from Generation Investment are SMA Solar, the largest solar company in Germany. Its value has gone down 57 percent over the last year.

In China, Generation Investment said it had an investment in the world’s largest solar panel manufacturer, SunTech. The stock has gone down 82 percent over the last year.

Also in the portfolio are EcoSynthetix, Landi Renzo and Meyer Burger, which have lost 60 percent, 25 percent and 49.6 percent respectively over the last year

In Gunderson’s newsletter and on his radio shows, he told his listeners and clients to “sell everything under the sun” and he was shorting First Solar at $121 in May 2011. Gunderson repeated this to the Toronto Globe in December 2011.

“I don’t blame Gore for getting out of alternative energy,” Gunderson said, “even if he did it too late in the case of First Solar.

“But when is he going to tell people that alternative energy is a lousy investment?”

If the high priest of the AGW global warming cult has exited the solar business, it must not be a real solution to the nation energy needs.

Follow

Get every new post delivered to your Inbox.