Nevada zigs while everyone else zags.
The governor signed into law Senate Bill 123, which prematurely closes perfectly good, acceptably clean coal-fired power plants and replaces their output with natural gas and renewables.
A funny thing happened on the way to the bill signing. The price of coal for power generation dropped four cents per million Btus, while the price of natural gas increased 78 percent March 2012 to March of this year.
According to The Wall Street Journal, coal use for power went up 13 percent, in the first quarter, while natural gas use for power dropped 8 percent.
Of course on Planet Green this and its impact on your power bill is irrelevant. On Wednesday, WSJ reports, White House energy and climate czar Heather Zichal said Obama is about to slay the mythical climate change dragon, saying the focus will be “on the power plants piece of the equation.” The administration is behind schedule in finishing emissions rules that would effectively ban new coal-fired plants using current technology. Zichal did not say anything about existing coal plants, but the EPA can regulate them, too.
No one predicted the price of natural gas sold to power plants would fall from $9.26 per thousand cubic feet in 2008 to $3.52 in 2012, but it did. Past performance is no guarantee of future performance.
Since there has been no global warming in 16 or 17 years, is this trip really necessary.
When you’re too broke to be this stupid, the only way to come back to reality is the hard way.
We’ll be able to tell our kids all about the wonders of our life, while they shake their chains and question how we let it all slip away. (and then pay homage to our ruling elite!)
Might make a great Costner movie.
On a sad note, Vince Flynn died yesterday. It’s hard to believe there will be no more Mitch Rapp adventures to read.