Is Marita Saying: An Illusion and a Delusion

Marita writes about Cape Wind and all of the missing parts and elements which might complete it as something real.  Alas, too many missing components to make it real. Components such as investors and funds to continue what seems to amount to another subsidy boondoggle.

Here’s what she has said:

Greetings!

With all of the news focus on the terror attacks in Paris, this important story has been almost totally overlooked—but it has huge implications. While Wind energy’s bluster peters out (attached and pasted-in-below) focuses on the latest in the long-running Cape Wind Saga, I’ve included three additional recent tidbits regarding the current status of wind energy—making this a national story.

I’ve written on Cape Wind and the Production Tax Credit many times before. Wind energy’s bluster peters out brings both up to date. Please help me spread the word by posting it, passing it on, and/or personally enjoying Wind energy’s bluster peters out.

Marita Noon

Executive Director, Energy Makes America Great, inc.

PO Box 52103, Albuquerque, NM 87181

505.239.8998

For immediate release: January 12, 2015.

Commentary by Marita Noon

Executive Director, Energy Makes America Great Inc.

Contact: 505.239.8998, marita@responsiblenergy.org

Wind energy’s bluster peters out

Touted as “America’s first offshore wind project,” Cape Wind became one of America’s most high-profile and most controversial wind-energy projects. Fourteen years in the making, estimated at $2.6 billion for 130 turbines, covering 25 square miles in Nantucket Sound off the coast of Massachusetts, the Cape Wind project has yet to install one turbine—let alone produce any electricity. Now, it may be “dead in the water.”

On January 6, the two power companies, National Grid and Northeast Utilities, that had agreed to purchase most of the electricity Cape Wind was to generate, terminated their contracts with the developers due to missed milestones. Under the terms of the contracts, Cape Wind had to secure financing and give notices to proceed to its suppliers to start work by December 31, 2014. Neither happened and both companies filed to cancel power purchase agreements. “The project is in cardiac arrest,” according to Amy Grace, a wind-industry analyst with Bloomberg New Energy Finance.

Cape Wind has faced stiff opposition since it was first proposed in 2001. Senator Edward Kennedy’s efforts, and those of his wealthy friends, to fight Cape Wind have been the most publicized, but Native Americans, fishermen, and local communities have also battled the industrialization of Nantucket Sound. The town of Barnstable has been particularly active in the fight. The Cape Cod Times reports that Charles McLaughlin, Barnstable’s assistant town attorney, said: “The town’s concerns include the possibility that a collision between a boat and the large electric service platform the project requires could spill thousands of gallons of oil into the sound.”

Massachusetts Governor Deval Patrick (D) positioned Cape Wind as the centerpiece of his renewable energy goals and invested significant political capital backing the proposal—including tying the NStar power purchase agreement to approval of the NStar and Northeast Utilities merger (given the unfavorable terms of the agreements, the companies may have been looking for any exit ramp). Yet, Ian Bowles, Patrick’s first energy and environment chief who, according to the Boston Globe, “helped shepherd the offshore project,” acknowledges that the loss of the power purchase agreements “may have spelled the end for Cape Wind.”

The announcement came two days before Patrick left office. While he claims: “We’ve done everything as a state government to get them over the regulatory lines,” Patrick concedes it is now “up to the market.” According to the Cape Cod Times, the former governor doesn’t know “if the project could survive without the contracts in place.”

Even the Department of Energy (DOE), which seems to indiscriminately throw money at any politically favored green-energy project, was tepid in its support for Cape Wind. DOE’s loan guarantees generally average about 60 percent of the project’s costs, but the $150 million offered to Cape Wind made up a mere 6 percent—and that, only after the project received commitments for about half of its financing. In most cases, the government guarantee comes before the private financing and signals a go-ahead for investors.

While both supporters and detractors believe the project is in jeopardy, environmentalists and Cape Wind Associates LLC have not yet waved the white flag. According to Kit Kennedy, director of the energy and transportation program at the Natural Resources Defense Council: “Cape Wind may be down, but it is not out.” The Boston Globe reports that Cape Wind’s president, James Gordon, believes the perpetual litigation “triggered a clause in the contracts that allows for more latitude in Cape Wind’s ability to meet the deadlines.” However, after the company already spent $50 to $70 million on the project, the fact that Gordon opted not to pay the utilities the mere $2 million needed for a six-month extension signals that he doesn’t have confidence that they can continue.

Additionally, the political winds have shifted. While Governor Patrick championed Cape Wind, Massachusetts’ new governor, Charlie Baker (R) is on record as being staunchly opposed to it—even calling it Patrick’s “personal pet project.” While campaigning, Baker “dropped his opposition to Cape Wind” because he believed it was a “done deal.” Now that the deal may well be undone, Baker says he “will not try to influence the outcome of the legal process surrounding the Cape Wind project.”

The cancellation of the contracts is “a near fatal blow” to Cape Wind according to Audra Parker, president of the Alliance to Protect Nantucket Sound, a Cape Cod based group which has led the fight against cape wind.

Wind energy’s future faces problems beyond Massachusetts.

While Massachusetts’ utility companies filed to cancel power purchase agreements, two Minnesota wind farms, operating as Minwind Companies, were filed for bankruptcy because the eleven turbines needed extensive repairs and the 360 farmers and landowners who invested in the projects can’t afford the maintenance. Minwind CEO Mark Willers explained: “Minwind Companies have enjoyed relative prosperity in recent years, but the April ice storm last year took a toll on equipment—and on the budget.” At a December 17 meeting, he told shareholders: “We were 200 to 300 percent over budget to make those repairs.”

Minwind’s nine separate limited-liability companies allowed investors to take advantage of federal wind-energy credits, USDA grants, and the now-discontinued state assistance program for small wind projects. The Star Tribune reports: “The owners stand to lose their investment, and the wind farms eventually may have to shut down.”

On the national level, the American Wind Energy Association (AWEA) has continued to lobby for a retroactive extension of the Production Tax Credit (PTC) for wind energy that expired at the end of 2013. Disappointing AWEA, the lame-duck Congress did approve a ninth extension—but just through the end of 2014. AWEA’s CEO Tim Kiernan groused: “Unfortunately, the extension to the end of 2014 will only allow minimal new wind development and it will have expired again by the time the new Congress convenes.” In response to the “bare-minimum extension,” Luke Lewandowsi, Make Consulting research manager, said it “casts doubt on the willingness or ability of Congress to revisit the PTC in 2015.”

Adding insult to industrial wind’s injury, wind turbine installation placed number three in the list of 10 dying U.S. industries—following only computer and recordable media manufacturing.

All of this news doesn’t bode well for the wind energy business, but for ratepayers and those who believe in the free market and who believe that government shouldn’t pick winners and losers, current wind conditions are a breath of fresh air. Governments, both state and federal, have given wind energy every advantage, to quote Governor Patrick: “It’s now up to the market”—and even Warren Buffet admits the tax credits are the only reason to build wind farms.

(A version of this content was originally published at Breitbart.com)

The author of Energy Freedom, Marita Noon serves as the executive director for Energy Makes America Great Inc. and the companion educational organization, the Citizens’ Alliance for Responsible Energy (CARE). She hosts a weekly radio program: America’s Voice for Energy—which expands on the content of her weekly column.

 

Conspiracy Brews 1.24.15

ConspiracyBrews

If you like your coffee and your politics flavorful, served with a heaping dose of civility by a diverse group of interesting people from all parts of the political spectrum then you should be joining us every Saturday. Started in 2007 over coffee and lively conversation by a group of concerned friends and neighbors, ‘Conspiracy Brews’ is committed to finding solutions to some of our State’s toughest problems. Our zest for constructive political discourse is only equaled by our belief that the only way forward is to exchange our views in a relaxed and friendly setting. For additional information or to be added to our e-mail list contact: ConspiracyBrews@aol.com.
Conspiracy Brews

“Be civil to all; sociable to many; familiar with few; friend to one; enemy to none.”

Benjamin Franklin
Not your average political discussion group!
January 24, 2015
9:00 AM to 12:00 PM
at
Southwest Secondary Learning Center
10301 Candelaria Rd NE
(northwest corner of Candelaria and Morris)

We think that government should be open and honest at all times.
People from all political parties are welcome.
*** Quotes of the Week ***

“It is better to be hated for what you are than to be loved for what you are not.”

André Gide

“It is impossible to live without failing at something, unless you live so cautiously that you might as well not have lived at all – in which case, you fail by default.”

J. K. Rowling

Suggested Topics

— What do you think of the President’s State of the Union speech…what were the high points and what were the low points?

— Boko Haram…Does anyone give a hoot?

–Why can’t NM become an Entrepreneur Hub?

— What do you think of the Ferguson riots now?

(Light Quotes of the week)

“I am so clever that sometimes I don’t understand a single word of what I am saying.”

Oscar Wilde (The Happy Prince and Other Stories)

“Outside of a dog, a book is man’s best friend. Inside of a dog it’s too dark to read.”

Groucho Marx

“I love deadlines. I love the whooshing noise they make as they go by.”

Douglas Adams (The Salmon of Doubt)

——-

Silber on Stiglitz

Sigmund “Sig” Silber is a New Mexico writer and economist who makes it a habit to report on economics, water, water law and government.  He is recognized as an expert on New Mexico water issues and he has a great sense of humor … sometimes with a dark cutting edge.

He has given me permission to publish his “stuff,” on my blogs.

Sigmund Silber <sigmundsilber@q.com> wrote:
http://www.project-syndicate.org/commentary/politics-of-economic-stupidity-by-joseph-e–stiglitz#AL36G2Abwt15dk7V.99

He has won a Nobel Prize. But I have to disagree with him to some extent.

Yes for sure austerity policies are stupid. They are based on some false assumptions about debt especially when money can be created out of thin air. But even without that, one person’s debt is some other person’s asset so debt is overrated……until you get to the point where you can’t pay the interest. If you have a central bank that is never a problem. As an aside, Europe has its own particular issues which are addressed quite well in this article econintersect.com/a/blogs/blog1.php/stratfor-the-european-union-nationalism

But I certainly am not disturbed that we have fewer public-sector employees. In fact I am elated. In New Mexico we may have insufficient state and local employees. That is because we are a very large state with generally a low population density. But there are far too many Federal Workers. This data may be out of date or wrong but if correct it indicates that in 2009 the average Federal Employee earned $81,258 with $41,791 of benefits. Thus the Federal Bureaucracy is a tremendous drain on the economy. econintersect.com/b2evolution/blog2.php/2015/01/19/killing-the-american-dream And the Federal Government does not attract the best and brightest that is fairly obvious. Fail anywhere in society private or state and local government and off you go to the Feds for a nice sinecure.

The recommendation that we build roads to nowhere also does not impress me. Based on my research, which I suspect is as good as Stiglitz’s research or better, in developed nations infrastructure investments are not very effective at improving the economy. The n th road does not produce the same benefit as the first road. I wonder how you can not know that and still win a Nobel Prize. Infrastructure is usually based on major inventions. Has Stiglitz read Schumpeter? It might be a good investment of his time. Major paradigm shift innovations do not occur on a regular schedule. Chances are there will be some soon. Chances are the public sector employees that Stiglitz loves so much will slow their deployment or prevent their deployment entirely. Why do we not have automated highways or vehicles that drive themselves? It is not a deficiency of engineering expertise; it was public sector employees. Why does it take twenty years to get a new drug approved? Public Sector employees.

I think our problems are more complicated than Stiglitz thinks. But he has the Nobel Prize. And it is tax free. I suspect the reason for this article was shopping around for political clients. I am just speculating on that but that is how it struck me.

But for sure you do not improve an economy by extracting purchasing power from the citizens in the economy. So there I totally agree with Stiglitz. On the other hand, redistribution is a strange concept based on the probably correct assumption that some are more likely to spend than others but countered to some extent at least by the equally correct assumption that spenders are less likely to invest. In the olden days, investment was considered more effective than consumption at improving an economy. Does redistribution encourage innovation and investment? Is Europe doing better than the U.S.? How about Russia? To me it seems that a disrespect for private property is a negative for an economy growing. But Stiglitz may not be thinking about redistribution but simply helicopter drops. In fact neither is discussed in the above linked article but I am speculating that this is on his mind.

I agree with Stiglitz that it is not wise to deflate economies as the World has been doing. But I do not agree with his Marxist/Sayian/Reaganist/IBM Supply Side strategies. To have demand you have to produce things that people want badly enough to exchange labor for those things whether they be products or services. It is very difficult to mandate demand other than by draconian policies. One could mandate that every house have an outside outhouse. That will stimulate demand. Would the World be a better place? GDP would be higher.

Perhaps we have sufficient toys.

Yes with a helicopter drop of currency, sales of toys would increase. Is that progress?

Would more bridges improve things? Keeping bridges from falling down is certainly a good idea. One can call that investment and account for it as investment but it really is maintenance. There is no impact on the economy other than the spending associated with doing the maintenance. Those receiving the payment for their services are better off but the overall wealth of the nation does not change.

I think it is an old fashioned concept as applied to a developed nation. That is not to say that there are no infrastructure opportunities. There certainly are. But I think Stiglitz has made an incorrect diagnosis in that area but a correct one re austerity policies.

Sometimes one just has to wait for demand to materialize especially in developed nations. In less developed nations we need to avoid garroting their economies. I think that Stiglitz and I probably see monetary policy in the same light in this regard. But again time can solve a lot of problems. And in some cases growth is generational.

Santa Fe County Deputy Jeremy Martin Fundraiser

Some of you are aware that Deputy Martin left a wife and three children with another child due very soon.  The following narrative is self-explanatory and comes from an Edgewood officer who worked with Deputy Martin.  I hope you will read the narrative and peruse the flier and allow them it to move you toward a generous donation.  Please know, any donation is a generous donation.

From Edgewood Police Officer David Lovato:

Jeremy MartinLaw

Conspiracy Brews 1.17.15

If you like your coffee and your politics flavorful, served with a heaping dose of civility by a diverse group of interesting people from all parts of the political spectrum then you should be joining us every Saturday. Started in 2007 over coffee and lively conversation by a group of concerned friends and neighbors, ‘Conspiracy Brews’ is committed to finding solutions to some of our State’s toughest problems. Our zest for constructive political discourse is only equaled by our belief that the only way forward is to exchange our views in a relaxed and friendly setting. For additional information or to be added to our e-mail list contact: ConspiracyBrews@aol.com.
Conspiracy Brews

“Be civil to all; sociable to many; familiar with few; friend to one; enemy to none.”

Benjamin Franklin
Not your average political discussion group!
January 17, 2015
9:00 AM to 12:00 PM
at
Southwest Secondary Learning Center
10301 Candelaria Rd NE
(northwest corner of Candelaria and Morris)

We think that government should be open and honest at all times.
People from all political parties are welcome.
*** Quotes of the Week ***

“It takes a great deal of bravery to stand up to our enemies, but just as much to stand up to our friends.”

J.K. Rowling (Harry Potter and the Sorcerer’s Stone)

“It is never too late to be what you might have been.”

George Elliot

Suggested Topics

— The Mayor, the DA, the Police Chief, the Press, the Public, the Police Union and the CAO…What is truth?***

— Boko Haram…Does anyone give a hoot?***

–Why can’t NM become an Entrepreneur Hub?***

— Should Hawaii become a separate county?***

— The President want the US Government to pay for community college attendance…what you think. ***

(Light Quotes of the week)

“Women and cats will do as they please, and men and dogs should relax and get used to the idea.”

Robert A. Heinlein

“Beauty is in the eye of the beholder and it may be necessary from time to time to give a stupid or misinformed behold a black eye.”

Jim Henson

“All you need is love. But a little chocolate now and then doesn’t hurt.”

Charles M. Schulz

——-

Charlatans and Conundrums

Imagine a visitor from another  “world,” is somehow plunked down in our midst.  This visitor is not familiar with our customs and mores, but it is able to reason and question in a perceptive way.  It doesn’t take the visitor long to realize there are deep divisions between the adherents of the world’s different religions.  The visitor sees so-called Islāmic wars being waged, outright massacres and attempts to establish “state,” religions.  With his interest piqued, he decides to set out on a course which will allow him to examine the world’s religions.

The visitor first finds very little to commend the religions and is able to find that all the negative aspects of this world’s religions have existed since the dawn of time.  What is more, the visitor sees a calendar of crusades, other “holy,” wars, pogroms, inquisitions and other partitions which have pitted neighbor against neighbor, brother against brother and father against son.

As our visitor continues he observes Sikhs versus Hindus, Muslims at odds with all other religions, fundamentalist protestants against those with a liberal bent, and catholics fighting within the faith with other catholics.  He sees hundreds — no thousands — of innocent men, women and children murdered as the perpetrators swear they are following the dictates of their religion as they look toward heaven for their god’s approval.  Our sojourner wonders at the effrontery of some of the world’s religious and political leaders as they expend more and more of their human resources to wage war on those whose religious beliefs run counter to their own. Wasted men and women, either dead, or mentally exhausted to the point of being unable to work as they once were.  He also sees food and other sustenance wasted which could have been better spent filling the stomachs of the less fortunate or filling the minds of their ignorant and illiterate with meaningful knowledge.

Our visitor sees the three main monotheistic religions have similar or common theme in their doctrine and formation (not the least being their shared lineage from Abraham).  Our “alien,” is chagrined at the rifts which have developed in the past and present among each religion’s adherents.  He finds the fault does not necessarily or solely lie with the doctrine or the “holy,” books and tracts, but with some of the world’s religious leaders and their charlatanistic spin which they nimbly apply during their demagogic diatribes.  He also sees followers blindly tagging along as they are fed the pablum of their very own “false prophet.”  He doesn’t miss the demonic instructions which causes a young child to become a human bomb in order to rid the world of one more “infidel,” or non-believer; the dictates which withhold aid and succor for the world’s hungry and downtrodden; the dictates which teach hate is acceptable as it is directed toward one that is different because of their religious beliefs, the color of their skin, or their historic and ethnic culture.

Finally exhausted and disappointed in the extreme, our alien friend departs our world, shaking his head as he thinks:

How strange so many of that world’s religious leaders sit on their hands while their religions renegade elements wreak havoc on others and lay waste to the potential of that planet.

I hope the thoughtful reader will find nothing offensive to their person or spiritual well-being in reading the above, but if the opposite be the case, perhaps an inward search toward the depth of their soul will reveal something which could be attended to….

O’Reilly on America’s Race Problem

Bill O’Reilly said this back in July of 2013.  It has been reprised by CNS News and it seems as true today as it was in 2013.  For those finding themselves insulted or inflamed due to O’Reilly’s opinion, unless you can find more valid reasons as cause for the sorry state some of our cities are in … just sit down and take a number, your turn, i.e., turn will come.

Please click the link just below:

O’Reilly on America’s Race Problem