Solar Power Costs 2-3 Times As Much

By David Middleton – Re-Blogged From WUWT

Source: U.S. Energy Information Administration, Power Operations Report

Why? Because California…

OCTOBER 9, 2020
Solar photovoltaic generators receive higher electricity prices than other technologies

In 2019, the average U.S. wholesale price for electricity generated by solar photovoltaic (PV) technology was significantly higher than average wholesale prices for electricity from other technologies. The weighted average wholesale price for solar PV-generated electricity was $83 per megawatthour (MWh) in 2019, more than double the price paid to producers for electricity generated by wind, fossil fuels, or nuclear. The higher average wholesale price for solar PV relative to other technologies is partly driven by geography and timing.

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A Tale of Two Renewable Energy Blackouts: California vs Texas

By David Middleton – Re-Blogged From WUWT

Energy
California Blackouts Highlight Contrast with Texas Energy, Provide Forewarning
Last summer, Texans nearly experienced similar rolling blackouts to what Californians faced just a few weeks ago.

BRAD JOHNSON SEPTEMBER 7, 2020

Driving north from San Antonio to Austin on I-35, a billboard towers over passing traffic broadcasting a simple message: “Don’t California our Texas.” In California’s recent rolling energy grid blackouts, Texans might recognize a warning for its own power supply.

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NSW Government Offers Subsidised Infrastructure for Renewable Energy, Overwhelming Response

By Eric Worrall – Re-Blogged From WUWT

The NSW government has offered support in the form of improved grid infrastructure and streamlined approvals for new wind farm projects in designated renewable energy zones.

Government renewable energy investment program swamped by support

Plans to open up the Central West of NSW to more renewable energy have generated overwhelming investor interest – topping $38 billion, or nine times the government’s available capacity.

The government program is designed to attract investors to build 3000 megawatts of new wind and solar farms worth an estimated $4.4 billion in the state’s first renewable energy zone around Dubbo, but has instead drawn proposals for 27,000MW in so-called 113 registrations of interest, the Berejiklian government said.

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Fleeing California

Re-Blogged From Prager University

Why are millions of people leaving California and moving to other states? What do those states have that California doesn’t? PragerU’s first mini documentary explores the root causes of this mass exodus from the Golden State. “Fleeing California,” featuring PragerU’s own Will Witt, sheds light on one of the most significant but underreported stories of our time.

Please view the VIDEO.

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California, NY Poised to Lose House Seats

REUTERS/Carlo Allegri/File Photo

For the first time since it became a state, California could lose a seat in the House of Representatives, according to a new 2019 population estimate released by the Census Bureau.

On Monday, the Census Bureau population estimates found that the national population growth slowed in 2019. It also found that California, New York, and some 25 other states lost residents through domestic migration in 2019.

As a result, California is poised to lose a House seat for the first time since it became a state in 1850. The population data also found that California experienced its slowest population growth since 1900.

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Republicans Flee Unhinged California En Masse, Seeking ‘Redder Pastures’

‘We’re getting with people who believe in the same political agenda that we do: America first, Americans first, law and order…’

Republicans Leaving California En Masse In Search of 'Redder Pastures'

California state line into Arizona / IMAGE: Roslars via Youtube

(Claire Russel, Liberty Headlines) While much of the focus on California‘s mass exodus has been on left-wingers in Silicon Valley fleeing to tax-friendly areas like Lake Tahoe, Republicans are also leaving the unhinged blue state en masse, according to the Los Angeles Times. Continue reading

Texas Town’s Environmental Narcissism

By Chuck DeVore – Re-Blogged From For News

Political leaders in a college town in central Texas won wide praise from former Vice President Al Gore and the larger Green Movement when they decided to go “100 percent renewable” seven years ago. Now, however, they are on the defensive over electricity costs that have their residents paying more than $1,000 per household in higher electricity charges over the last four years.

That’s right – $1,219 per household in higher electricity costs for the 71,000 residents of Georgetown, Texas, all thanks to the decision of its Republican mayor, Dale Ross, to launch a bold plan to shift the city’s municipal utility to 100 percent renewable power in 2012 when he was on the city council.

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We Can Eliminate Fossil Fuels, No Problem!

By Andy May – Re-Blogged From WUWT

French President Macron has implemented a new fuel tax to discourage drivers from burning fossil fuels in their cars. The resulting higher fuel prices have caused more than 250,000 people to protest, with some rioting. Polls indicate that 62 percent of the population think that prioritizing man-made climate change over fuel prices is wrong. The rioting has led to two deaths and over 600 injured. Almost 100 police officers have been hurt.

Macron’s popularity has sunk to 21 percent in a warning to other leaders who try to fight climate change with higher fossil fuel taxes. While Macron is unpopular for many reasons, the increase in gasoline taxes was the spark that ignited the protests and rioting.

Figure 1. Riot police facing the “yellow jacket” demonstrators in front of a burning barricade in Paris on November 24, 2018. Source: News.com.au.

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Housing Bubble Pathologies, Part 2

By John Rubino – Re-Blogged From Dollar Collapse

Home prices are still rising pretty much everywhere in the US, with California as usual leading the way. State-wide, the median CA home is now above $600,000, up 9% year over year. In San Francisco County, homebuyers are paying an average of 18% above the asking price, and price per square foot is now more than $1,000.

Even Silicon Valley residents, who are used to this kind of thing, are finding it remarkable. See ‘Facebook is taking everything’: rising rents drive out Silicon Valley families.

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Pension Crisis In US And Globally Is Unavoidable

By Lance Roberts – Re-Blogged From http://www.Silver-Phoenix500.com

There is a really big crisis coming.

Think about it this way. After 8 years and a 230% stock market advance the pension funds of Dallas, Chicago, and Houston are in severe trouble.

But it isn’t just these municipalities that are in trouble, but also most of the public and private pensions that still operate in the country today.

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Oil Town Americans Late on Car Loan Payments

By Matt Egan – Re-Blogged From CNN Money

Stress in the oil industry is starting to contaminate other parts of the American economy.

For the first time since oil prices began crashing in mid-2014, banks polled by the Federal Reserve are warning of a “spillover” effect onto loans made to businesses and households in energy-dependent regions of the country.

Senior loan officers of nearly 100 banks acknowledged that credit quality has “deteriorated” on everything from auto loans and credit cards to commercial real estate mortgages. Translation: More people aren’t paying and delinquencies are rising.

It’s a sign of how the deep spending cuts, mass layoffs and even bankruptcy filings in the oil patch are inflicting real pain in certain energy-focused states like Texas and North Dakota.

Some large U.S. banks have individually warned of early signs of so-called contagion.

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Immigrants and Welfare

By Cathy Burke – Re-Blogged From http://www.NewsMax.com

Half of immigrant households, both legal and illegal, received some kind of public assistance in 2012, compared with 30 percent of non-immigrant families enrolled in welfare programs, a new report shows.

According to the Center for Immigration Studies’ 52-page study, which examined the Census Bureaus’ Survey of Income and Program Participation data, welfare use rates are “a good deal higher than use rates shown by other Census data.”

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Which Direction Would You Go?

By Mark  Perry – Re-Blogged From the American Enterprise Institute

UHaul

1. U-Haul Update (above). The table above displays one-way rental rates for a 26-foot U-Haul truck to travel between California (LA and San Francisco) and Texas (Houston and Dallas). Assuming that these market-based rental rates accurately reflect migration flows of people and businesses between California and Texas, the demand for trucks (and people and businesses) leaving high-cost, high-tax, business unfriendly California for low-cost, low-tax, business-friendly Texas is about 2-2.7 times greater than the demand for trucks leaving Texas for California. Maybe there’s an economic lesson here?

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It’s Already In The Market?

By Bill Holter – Re-Blogged From http://www.Gold-Eagle.com

You have heard the phrase many times “it’s already in the market”, meaning if “something” or some sort of event happens it is already factored in to prices.  I was overseas last week, travelled much of the week and stayed in a hotel that had only two English speaking channels …one of which was CNBC.  I cannot tell you how many talking heads were paraded forth whom all parroted the same pabulum, “a Greek default is already factored in the market”.  Really?  REALLY?

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At the Mercy of the Climate Jihadists

By Joel Kotkin – Re-Blogged From The Orange County Register

Years ago, I heard the Jewish comedian Jackie Mason performing in Beverly Hills, riffing on the primary motivation of wealthy liberals. They do things, he suggested, not because they actually accomplished anything, but because “I have to look at myself in the mirror.”

Mason was prophetic, particularly regarding here in California, where progressive politics – outside of promoting race and gender grievances – has boiled down to a single-minded attachment to slowing climate change.

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Job Growth Twice as High in Red States

Re-Blogged From http://www.Newsmax.com

Each day between 2003 and 2013, an average of 830 Americans relocated to one of the nine U.S. states with no state income tax, while 944 people moved out of the nine states with the highest personal income tax rates.

That’s one of the findings disclosed in a new report from The Heritage Foundation, “1,000 People a Day: Why Red States Are Getting Richer and Blue States Poorer.”

States in recent years have divided into two camps, which the report’s authors call the “red state model” and the “blue state model.”

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An amazing chart of an amazing job-creating state; we owe a debt of gratitude to ‘Saudi Texas’ and the shale boom

Since the Great Recession started in 2008, employment has fallen along with the Labor Participation rate. It is only in the last 2 months that employment has gotten back to pre-recession levels for the US as a whole.

But, contrast two oil rich states: “Saudi” Texas and the anti-energy California. California still has 7.3% unemployment, and people & businesses are fleeing the socialist level over-regulation. In Texas, employment never fell below pre-recessionary levels, and in the last year, provided fully 1/6 of all new US employment – over 420,000 new jobs in the last year!

Please read on for the story of the Texas Miracle. (Bob Shapiro)

Mark Perry AEI   By Mark J. Perry

(Reblogged from the American Enterprise Institute)

US vs Texas Employment

The chart above shows a most amazing economic phenomenon: Since

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