The Biden administration is implementing a temporary ethanol fix in a desperate attempt to reduce political fallout from skyrocketing gas pump prices resulting from its war on fossil fuels which will only add to inflationary food costs.New EPA requirements will now increase the amount of the corn alcohol product that must be blended into the nation's gasoline supply from 10% (E10) currently, to 15% (E15) over summer driving months between June 1 and Sept. 15.Whereas EPA administrator … [Read more...]
Bad Ideas Have Bad Consequences
If you haven’t noticed rising prices here in America for the past twelve months, you’re either Rumpelstiltskin or dead. And if you didn’t expect rising prices, either you’ve not been paying attention to American monetary, fiscal, welfare, and pandemic policies or you’ve not understood basic economics.So, May’s year-on-year “inflation” rate was 8.6%, following April’s 8.3%, continuing a rapid rise that started in October. (Why the scare quotes around inflation? Because properly speaking … [Read more...]
Persistent Lies About Green Power
When drug companies try to sell you a particular cure for what ails you, the television ads typically consist of 10 seconds of saying how good the drug is and 20 seconds of disclaimers and warnings about possible negative side effects. If only renewable energy companies were that honest!To my great annoyance and disgust, a power company in Texas promises the state’s electricity users can choose a plan that delivers electricity 24 hours a day powered by the sun. Solar power.As anyone exercising … [Read more...]
Indian Coal Makes Electricity as Wind Farms Sit Idle
Amidst the clamor surrounding the intensive use of coal in China and India, one may not realize that these nations have some of the world’s largest renewable energy installations.In fact, I hail from the Indian state of Tamil Nadu which is often compared to Scandinavia for its large number of wind farms. Accounting for 25 percent of the country’s wind capacity, the state has the largest share of such generating assets in a nation of 1.3 billion people.Yet even Tamil Nadu relies heavily on coal … [Read more...]
India’s Coal Proliferation Contradicts Global Climate Drama
We have a crisis in India, and it is not with the climate. Power plants for the world’s second-largest consumer of coal are running out of stock, leaving a billion people at the risk of blackouts and forcing industries to close facilities.To resolve the situation, the Indian government has authorized increased importation of thermal coal, removed all import duty on coal, is reopening hundreds of closed coal mines, and has asked existing domestic mines to produce at unprecedented rates. … [Read more...]
How to Alleviate the Looming Global Hunger Crisis
Guest author Dr. Bjorn Lomborg is president of the Copenhagen Consensus Center, visiting professor at Copenhagen Business School, and a visiting fellow at the Hoover Institution. A global food crisis is looming, so policymakers everywhere need to think hard about how to make food cheaper and more plentiful. That requires making a commitment to producing more fertilizer and better seeds, maximizing the potential offered by genetic modification, and abandoning the rich world’s obsession with … [Read more...]
Analysis of Gas Prices
Gas prices: If you look at inflation-adjusted gasoline prices over the last century, there has been an overall downward trend, reflecting greater efficiency at finding, pumping, and refining petroleum. We are now at $5 a gallon, but that isn't a whole lot more than we've been in the past (for example, just before the 2012 recession). Still, the price is a lot higher than it needs to be given current technology, and the current spike could have been mostly avoided (COVID impacts being the least … [Read more...]
The Day the Electricity Died
Imagine one of your kids freezing to death in your home. Eleven-year-old Cristian Pineda's mother found her son dead during the Texas blackout in February 2021. Or you have a power outage for three days, losing a couple of hundred dollars worth of food because your refrigerator didn’t work, as Michelle Jones did last summer. The food she had just bought to feed herself, her daughter, and her granddaughter spoiled without electricity.This is likely to become all too common in … [Read more...]
Rolls-Royce’s SMR Needs 10,000 Times Less Land Than Wind Energy, Proves ‘Iron Law Of Power Density’
Last month, Rolls-Royce said that it expects to receive regulatory approval from the British government by 2024 for its 470-megawatt small modular reactor and that it will begin producing power on Britain's electric grid by 2029.Will that happen? Time will tell. Many nuclear projects and startups have blown past their projected in-service dates. But Rolls-Royce’s announcement is important for two reasons. First, it adds more credence to the notion that a global nuclear renaissance is, in fact, … [Read more...]
India’s “Bad Boys” Reopen 100 Coal Mines as Demand Skyrockets
Political leaders of developing countries face constant pressure to generate enough electricity for their populations as they are being asked to reduce their dependence on fossil fuels. In a bold and rebellious move, India has ordered the reopening of more than 100 dormant coal mines to meet skyrocketing domestic power demand. The action is just one of the many measures that the country has taken to ensure a seamless supply of coal to power plants that generate more than 70 percent of the … [Read more...]
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