London House Prices Are Falling

By Mark O’Byrne – Re-Blogged From http://www.Silver-Phoenix500.com

London house prices fall in September: first time in eight years

– High-end London property fell by 3.2% in year

– House sales down by over a very large one-third

– Global Real Estate Bubble Index – see table

– Brexit, rising inflation and political uncertainty causing many buyers to back away from market

– U.K. housing stock worth record £6.8 trillion, almost 1.5 times value of LSE and more than the value of all the gold in world

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Yet Another Renewable Energy Boondoggle

By Paul Driessen Re-Blogged From http://www.WattsUpWithThat.com

Wilkinson Solar wants to catch the solar wave, and make bundles of money sending electricity to the grid whenever it’s generated, even if it’s not needed at the time. The company’s proposed 288,120 solar panels would blanket 600 acres of now scenic farmland next to a school near the North Carolina coast. The project carries lessons for the rest of America – and all locales considering solar.

Locals are not happy. The electricity would be exported out of the area, which has been hit by Category 3 and 4 hurricanes and multiple tropical storms over the years. Another big one would likely send glass shards flying all over. Meanwhile, the Tar Heel state averages just 213 sunny days per year and 9 hours of bright sun per day; that translates into electricity just 20% of the year – unpredictably, unreliably, less affordably. Carbon dioxide reduction benefits? None. These and other issues must get a full hearing, before regulators issue any approvals.

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Global EV and Related Climate Alarmist Colossal Messes

By Larry Hamlin  Re-Blogged From http://www.WattsUpWithThat.com

EVs have been hyped by the climate alarmist renewable energy activist crowd as an effective approach for reducing greenhouse gas emissions regarding transportation energy consumption, which for many nations is a large portion of their total energy use.

EVs are fundamentally energy handicapped due to the low energy density of batteries versus the high energy density available in fossil fueled vehicles which results in significantly reduced mileage capabilities for EVs compared to fossil fueled vehicles.

These EV mileage limitations versus fossil fueled vehicles become even more exaggerated when additional energy demands are needed to support vehicle air conditioning and heating loads, hill climbing requirements and operation in cold temperatures that decrease battery stored energy capabilities.

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Biofuel Justifications are Illusory

By Paul Driessen – Re-Blogged From http://www.WattsUpWithThat.com

It’s time to really cut, cut, cut ethanol and other renewable fuel mandates – maybe to zero.

The closest thing to earthly eternal life, President Ronald Reagan used to say, is a government program.

Those who benefit from a program actively and vocally defend it, often giving millions in campaign cash to politicians who help perpetuate it, while those who oppose the program or are harmed by it are usually disorganized and distracted by daily life. Legislative inertia and obstruction of the kind so graphically on display in the Senate over the Affordable Care Act (Obamacare) also help to perpetuate program life.

The Renewable Fuel Standard (RFS), created under the 2005 Energy Policy Act and expanded by the 2007 Energy Independence and Security Act, is a perfect example. It has more lives than Freddy Krueger.

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AAAS: “Let’s hold them accountable”

By David Middleton – Re-Blogged From http://www.WattsUpWithThat.com

This morning, I received another email from the American Association for the Advancement of Science…

AAAS junk

We cannot overstate this: Under the current administration, the future of scientific inquiry and discovery in the U.S. is in serious jeopardy.

You can do something important right now to protect our progress and our planet: become an AAAS member.

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Wind Power Fails in Canada

By Anthony Watts – Re-Blogged From http://www.WattsUpWithThat.com

From the Calgary Herald and the “waiting of the government cash cow” department:

Oldest commercial wind farm in Canada headed for scrapyard after 23 years

By: DAN HEALING, CALGARY HERALD

A line of turbines on metal lattice legs catch the breeze at the Cowley Ridge wind farm in southern Alberta. The 23-year-old facility, Canada’s first commercial wind project, is being decommissioned. TED RHODES / CALGARY HERALD

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Counting on Student Loan Forgiveness? Don’t Bet on It

By Bloomberg – Re-Blogged From Newsmax

Nearly half of college students surveyed earlier this year said they expected to be helped by the federal government’s various student loan forgiveness programs. But new government figures suggest that their hoped-for windfall won’t be that generous.

In a first-of-its-kind public analysis, the U.S. Department of the Education projects that borrowers who next year enroll in loan forgiveness programs would, on average, repay every penny they borrowed, and then some. Some debtors in the programs, which cap monthly payments relative to earnings and offer the possibility of debt forgiveness, are projected to pay as much as 76 percent more than they borrowed. The forgiven amount would largely be interest that accrued over what could be as long as 25 years of making payments.  Continue reading