Showing posts with label energy. Show all posts
Showing posts with label energy. Show all posts

Tuesday, January 15, 2019

Board Game Night Roundup

Let's see, what's new .... having a board game night with some friends, sent a (horribly rough) first draft of my first dissertation chapter to my advisers, been trying to put together some columns for Tablet, and have been in a real love-hate relationship with my Twitter account for the past week or so.

What's new with you?

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Can't endorse this piece by David Roberts hard enough: the goal of the Green New Deal should be 100% decarbonization, not necessarily 100% renewable. If the best, fastest, cheapest way to get to the latter is through the former, awesome! But if (say) nuclear power ends up being the most direct route to the finish line -- listen, when it comes to climate change, it's all hands on deck right now.

South Florida city commissioner, on Palestinian-American Rep. Rashida Tlaib: "A Hamas-loving anti-Semite has NO place in government! She is a danger and [I] would not put it past her to become a martyr and blow up Capitol Hill." Gross racism is gross.

Pranksters dupe Laura Loomer into thinking CAIR got her booted off Twitter. Wall Street Journal reporters then credulously follow along. (No matter how dumb the internet is....)

Really interesting story on the life of Maya Casablanca, a famous (in her time) Moroccan-Israeli singer who recently passed away.

National Union -- the far-right flank of the far-right Jewish Home party -- replaces Uri "I am a spy" Ariel with Bezalel "Proud Homophobe" Smotrich as its new leader. Smotrich -- who has advocated for segregating maternity wards in Israeli hospitals and denies that there is even such thing as Jewish terrorism -- is probably the only member of the Knesset to make Oren Hazan seem like a sober moderate.

I love this profile-interview of Angela Buchdahl, a prominent Korean-American Reform Rabbi, as she talks about intermarriage, assimilation, and Jewish continuity. She really speaks to my understanding of an inclusive, progressive Jewish community.

Mini-Women's March Roundup-within-a-Roundup!

Sunday, August 26, 2018

The Race Is On

The challenge of the 20th century was that humanity could go extinct if a few well-positioned people happened to be reckless, extreme, paranoid, or (in the right cases) deceived.

We managed to meet that challenge (so far).

The challenge of the 21st century is that humanity could go extinct if all of us just keep on living our lives in our normal pattern.

That's a far more difficult challenge to tackle.

We are, as you don't need me to tell you, rapidly racing towards ecological catastrophe. Global warming is approaching runaway levels, threatening a chain-reaction of climatological forces which may well be irreversible and would make human life on Earth impossible. Estimates differ, but the breakout point is almost certainly within this century.

But ironically, along a similar timeframe, we're also racing towards the technological developments that could save us. These are (a) limitless renewable energy and (b) genuine artificial intelligence. If those two currencies -- energy and intelligence -- start to get on a runaway train, then all of the sudden we're back in business. Infinite energy + infinite computing power = ability to solve essentially any problem (certainly in particular the problem of freezing, or potentially even reversing, greenhouse gas emissions). And the breakout points for each of these are, I'd wager, also within this century. So short-term strategies with respect to climate change might simply be delaying actions (see: how nukes might save the world). What we need to do is buy the computers enough time to save us all.

But basically a race. Can we get to free energy and free computation before we get past a climatological point of no return? What's amazing to me is that I genuinely, truly believe it's a toss-up -- and that we'll probably find out the answer (one way or another) in my lifetime.

Of course, the advent of true AI might bring about a whole new host of existential/extinction-level problems (one of the most interesting aspects of the lore of Horizon: Zero Dawn is that they make it quite clear humanity managed to avoid the ecological apocalypse ... only to stumble into a self-replicating killer robot apocalypse). But one disaster at a time.

Tuesday, July 17, 2018

Post-Bacchanalia Roundup

I had my bachelor party this weekend in Chicago. That sounds wilder than it was -- my fiancee and I have the same core friend group (we all went to college together), so we rented an AirBnb and spent the weekend as a group. We did split off Saturday to do our own things (mani/pedis for the gals, an escape room for team boy -- which we completed with seven seconds to spare), but by and large it was a non-traditionally gender-unified event.

Still a blast though.

Anyway, here's some stuff that's gone on in the interim.

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In Foreign PolicyJacob Levy has a neat essay on the philosophy of my great-grandadviser (the Ph.D. adviser of the Ph.D. adviser of my Ph.D. adviser), Judith Shklar.

Also in FP, a discussion of a possible Israeli-Palestinian confederation -- the first articulation of an outcome to the conflict outside the "classic" two-state solution model which I've found remotely compelling.

Labour's antisemitism policy under Corbyn has basically been "fuck you, Jews" in so many words, but I believe this is the first time a prominent Jewish Labour politician has explicitly said "fuck you" back to him.

Iraq has a long Jewish history, which is memorialized in a giant archive of Jewish artifacts. These artifacts were removed for safekeeping following the U.S. invasion, and unsurprisingly Iraq now wants them back. Problem: virtually no Iraqi Jews live in Iraq anymore, and they want the archives somewhere they can actually access them. For the record, this is a great example of the sort of problem intersectionality was designed to illuminate.

D.C. Circuit upholds funding structure whereby FERC gets its budget from fees assessed to natural gas pipeline projects it approves (against environmental challengers who say that incentivizes them to keep approving pipelines). The more interesting part of the case is a bit buried though -- the court concludes that Pennsylvania's Environmental Rights Amendment does not create an individualized liberty or property interest in a clean environment cognizable under the Fourteenth Amendment.

Meanwhile, the Seventh Circuit concludes that refusing to give an incarcerated transwoman medically-necessary hormone therapy -- and later, forbidding her from taking those hormones herself when she's released on parole -- can give rise to a "deliberate indifference" to medical need claim.

Man calls the police on a Black man over a basketball foul. No, seriously. What's his hashtag going to be? I vote #HardPickHal.

Wednesday, October 04, 2017

The New Trump Administration Push To Blow Up Energy Markets

David Roberts has a great post on efforts by Energy Secretary Rick Perry to essentially blow up the wholesale energy market in a naked effort to protect coal (and, to a lesser extent, nuclear) power plants from free competition. Basically, he proposed a new rule that would guarantee coal and nuclear power plants a positive return on their investments, regardless of whether their power capacity was used or even is economical. Whereas other power plants (ranging from wind to natural gas) make money based on their ability to compete effectively in the marketplace, a few preferred operators would get their profits guaranteed.

Nominally, this is because they uniquely contribute to grid "resilience" by being a source of power able to ramp up quickly in the event of a major disruption (like, say, a major weather event). The problem (well, the short version of the problem) is that all the relevant studies -- including those conducted by the DOE under the supervision of Secretary Perry in the hopes that they'd confirm his political preferences -- conclude that coal and nuclear power don't actually improve grid resilience, and that, in fact, the grid is generally quite reliable and resilient right now (and only improving). So the only real upshot is to serve as a massive intrusion on the market in favor of uneconomical coal power.* It's thus no surprise that one Republican former FERC commissioner described it as "the antithesis of good economics," or that simply said it would "blow the market up."

The whole article is worth your read, both as an introduction to how energy markets work (Roberts is great at explaining for a lay audience) and as an entry in the infinite-series of "Republicans don't actually care about market competition.

After laying out a litany of obstacles to passing the rule -- ranging from wall-to-wall opposition in the energy sector (outside of coal/nuke lobbyists) to severe time pressures to a complete lack of legal or policy justification necessary under the relevant statutes, Roberts concludes by saying the future of this proposal depends "on just how hackish and partisan FERC is willing to get." In other words, hold on tight.**

* As Roberts notes, while nuclear power is in a somewhat different boat from coal, this rule is also terrible policy as applied to supporting nukes.

** FERC is actually normally a relatively well-run agency, but at the moment it is controlled by Trump partisans who are, shall we say, not typically concerned with abiding by standards of technical expertise. So we'll see.

Saturday, July 08, 2017

The Next Wave of the Net Metering Wars

The New York Times has an article about utility efforts to roll back "net metering"* for solar power.

The article is pretty clearly slanted -- utilities aren't making up the free-riding problem. But it's also evident that utility companies aren't just interested in insuring grid stability but want to kneecap solar outright, because it is a threat to the monopoly utility model. In many of the states, rooftop solar is so nascent that it's almost impossible to imagine it poses any serious immediate threat to utility business models.

The fact that very liberal states like Hawaii have rolled back net metering should suggest that there's more to it than just greedy conservatives hating renewable power and protecting incumbent power producers (recall that Hawaii has actually set a 100% renewable power goal they plan to meet by 2045). But the Trump administration and allied conservative state governments are certainly sympathetic to net metering "reform" proposals which are best characterized as "greedy conservatives hating renewable power and protecting incumbent power producers."

* Net metering is the practice where households with solar panels get paid retail price for any excess power they return to the grid. If my house consumes 1,000 kWh of power, and the panels on my roof produce 1,000 kWh of power, my electricity bill nets out to zero. The reason it's a "net" is that, on a minute-to-minute basis, there will be times when my solar panels are producing more than I'm using (and the excess gets sold onto the grid) and likewise times when the panels aren't covering my usage (e.g., when it's cloudy) and I need to draw from the grid. The reason this aggravates utility companies is that my house is still hooked up to and uses the grid (to sell the excess power, to draw from non-intermittent dispatchable power at night or in the rain), but it isn't paying for any of the costs of maintaining it. As rooftop solar becomes more prominent, this becomes a genuine regulatory puzzle for utility commissions. But in most jurisdictions, we're nowhere near the point where it will make a dent.

Thursday, April 06, 2017

Will Nukes Save the World?

David Roberts has a good beginner's rundown on what it will take to decarbonize the economy (and, accordingly, avoid the catastrophic global warming scenarios that are likely if we stay on our current path). As we've discussed on this blog, decarbonization is inextricably linked to electrification -- we want more of our energy needs met by electricity, and specifically carbon-emission free electricity.

The big challenge is that the most obvious renewable resources -- wind and solar -- have massive scalability issues because they are not dispatchable power resources. They don't generate power on an as-needed basis, they generate when the wind is blowing or the sun is shining. And because electricity supply must meet demand on an instantaneous basis, the inability to control when wind and solar resources generate power is a huge problem that makes it virtually impossible for them to meet 100% of power load requirements without massive overbuilding.

What we need, then, is a dispatchable resource that can lower our carbon emissions. Natural gas is a possibility -- kind of. It is much cleaner than coal, but still emits carbon. Roberts estimates that switching primarily to natural gas could get us to roughly 60% decarbonization. That sounds pretty good, even if the target we need to hit is actually 80% - 100%. But there's a big problem:
Natural gas is cleaner than coal (by roughly half, depending on how you measure methane leakage), but it’s still a fossil fuel. At least without CCS [Carbon Capture Sequestration], it is incompatible with decarbonization beyond 60 percent or so.
If you build out a bunch of natural gas plants to get to 60 percent, then you’re stuck shutting them down to get past 60 percent.
It would be very difficult to strand all those assets. There would be a lot of resistance. It’s just one example of path dependence in energy — choices, once made, tend to perpetuate themselves through inertia. Leaning too heavily into natural gas in the next 20 years will make it more difficult to pull away in the subsequent 20.
Enter nuclear power, the new darling of (some) environmentalists. Nuclear power has a high capacity (it can generate a lot of power), zero-emission (no carbon), and dispatchable -- a holy trinity if your only goal is to decarbonize. It isn't renewable (though I don't think there's any immediate risk to our nuclear fuel reserves), and of course nuclear power has other risks and associations which make it politically controversial. But it strikes me as the most straight-forward, feasible, and immediately accessible method for taking big chunks out of our carbon footprint right now.

What are the alternatives? The best one is high-capacity energy storage (which can convert a variable resource like wind into a dispatchable one like nuclear). But the technology to have such storage on the scale and flexibility necessary is just not there yet, and while it's more than an eye-twinkle, it's also not particularly close at hand. After that, we could simply engage in massive, massive overbuilding of wind and solar. But even then we'd need to also basically globalize our transmission network (and massively upgrade that too), so that we could be confident that the wind is blowing/sun is shining somewhere.

Roberts indicates that there is a debate between those who think we can go 100% renewable (no nuclear, no CCS) versus those who want those options on the table. Count me decisively in the latter camp. It might theoretically be possible to design a grid system available today that is zero-emission and entirely renewable. But the political, economic, and technological obstacles to putting it together are more than formidable, they are towering. Nuclear power is a technology we have now, that checks all of the key decarbonization boxes.

Sunday, March 05, 2017

Electrification, Electric Utilities and the System Working

When it comes to social change, I tend to prefer working within the system rather than seeking its radical overhaul. This isn't due to any particular love for the system we have. Rather, it's for the more prosaic reason that widescale systematic change is really hard, and so if you can achieve your ends through the system that's already in place you might as well go for it. I also have a belief -- perhaps naive, perhaps not -- that the modern liberal state and society presents such a variegated slate of interests, motives, and desires that the creative reformer should be able to concoct a cocktail where it is in the interest of system-level players to spit out the social good you want.

On that note, I found very interesting this article by David Roberts on the potential synergy between large-scale electrical utilities and environmentalists seeking decarbonization. The first part of the argument is the observation that, if you want to decarbonize our economy, you want as much of it running on electricity (as opposed to, say, petroleum) as possible. Instead of gasoline-powered cars, electric cars. Instead of oil heaters, electric heaters. Instead of gas stoves, electric stoves. And so on. Electricity isn't always renewably produced, but it can be -- through wind, solar, hydro, or nuclear. So the more we switch over to running things on electricity, the more opportunities there are to replace carbon-intensive fossil fuels with zero-emission sources.

The second part of the argument asks what large-scale utilities -- big legacy corporations that are more or less the definition of "the system" -- want. And the answer is, intuitively enough, more electricity demand. Over the last few decades, electricity demand has begun to flatten -- a large problem for utilities who generally make their money not on the sale of electricity (they only recover marginal costs) but on returns on capital investments (e.g., building a new power plant). If there is no increase in electricity demand, there's no need for new plants, and so there's no new capital investments to make a return on.

Putting two and two together: Utilities want a world in which they need to build more power plants. Environmentalists want a world in which more of our energy comes from electricity -- specifically, zero-emission electricity. It seems like a deal can be struck: environmentalists support electrification on the condition that the new electricity produced be primarily zero-carbon.

In short, there's a massive and influential player inside the system with a vested incentive to promote environmental reform. Leveraging that may not be as fun as seeking to blow up the system of large corporations who profit on energy sales, but it is far more likely to actually happen.

Tuesday, December 13, 2016

Needing a True Friend in the White House, Part II

In December of 2008, at the close of Obama's first year in office, I wrote on how he represented a true friend of Israel in the White House. Being a true friend is very different being a sycophant; as I put it then, "Part of being a good ally means knowing when to take your friend aside and tell them to chill."

Democrats have this relationship with Israel because Jews are a prominent and valued presence in the Party, and so our Party's Israel relationship develops out of genuine concern rather than empty rhetorical flourishes and grandiose symbolic posturing.

I was reflecting on this because I think Jewish pro-Israel conservatives are going to learn a hard lesson about what sort of "friend" they have in the White House right now. Because Republican policy towards Israel isn't based on any sort of organic care or concern. They don't care about Israel qua Israel, at most they care about it as a symbolic bulwark against dark Muslim hordes; at least they care about it simply as a domestic partisan wedge issue. And this means that Republican policy towards Israel is predictably skewed towards grand rhetorical pronouncements and against thought-out and considered policy agendas. More importantly, to the extent that Israel is purely a rhetorical concern of Republican leaders, it will always lose out to things they are concerned about on substance -- and Israel's Mideast rivals have a lot of substantive things to offer a fossil-fuel hungry Trump administration.

We're already seeing a little of this with the floating of Rex Tillerson -- deeply connected to Arab oil states and (of course) the Russian government -- as Secretary of State. Many right-wing Jewish groups are nervous -- persons with Tillerson's profile rarely are particularly fond of Israel, which they see as a barrier to increased friendly  relations with Gulf oil producers. There was also some pushback against James Mattis as Secretary of Defense, who complained of the "price" Americans paid in terms of their Middle East support for backing Israel and forthrightly acknowledged that if Israel does not find a way to disengage from the West Bank "Either it ceases to be a Jewish state or you say the Arabs don’t get to vote — apartheid" (aside -- can you imagine if a prominent Democratic official said half as much? I bet Keith Ellison can.). In both cases, it's demonstrative of the deprioritization of even conservative pro-Israel politics in the Trump administrative. He'll pay good lip service, but it isn't actually an important concern for him.

What we can expect from Trump regarding Israel is simple: For the most part, he'll ignore them and let them run free. There will be no "telling them to chill," because for the most part Trump won't give two hoots about what Israel does. Some people will term this being an ally. Those people are simpletons.

In terms of actual policy, we'll see things that have high rhetorical impact (moving the Embassy to Jerusalem) but do little in the way of actual materially altering Israel's regional or international standing. And, most importantly, when genuine Israeli interests knock up against other American priorities -- like, say, Saudi oil -- they'll get kicked to the curb. Because Donald Trump isn't actually a friend of Israel. Friends care. And Donald Trump doesn't.

Saturday, September 10, 2016

Palate-Cleansing Roundup

My Tablet article on Brooklyn Commons, and the follow up posted here, really pulled me away from a lot of my other reading -- including some planned posts. So here's a palate-cleansing roundup for your pleasure -- fewer entries than normal, but with more meat per bite.

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An interesting piece at Deadspin exploring why hijab-wearing fencer Ibtihaj Muhammad, rather than uncovered hurdler Dalilah Muhammad, became the "face" of Muslim women among American Olympians. At one level, I think it is absolutely fair to suggest that minority groups -- of all sorts -- tend to face greater barriers to inclusion the more they are differentiated from majoritarian norms (e.g., by wearing a hijab). On other, though, I think it is not improbable that there is a degree of exoticization going on here, where we recognize as "authentic" cultural enactments which play to our pre-existing stereotypes.

In +972 Magazine, Assaf David argues that Israel is simply another Middle Eastern nation struggling to find its way in the wake of the colonial withdrawal from the region. None of Israel's problems -- from its identification with a particular religious and social group to the chafing of minority members of the state, to its ongoing struggles with sub- and super-national identities like religion, ethnicity, and community, to border disputes brought upon by indifferent colonial line-drawers and chaotic independence -- is particularly novel in the Middle East. And indeed, with a largely Mizrahi Jewish identity, Israel's own cultural heartbeat is at this point more Middle Eastern than Ashkenazi-European (via).

DOJ and Army Corps of Engineers announce a moratorium on pipeline building protested by the Standing Rock Sioux Tribe. More importantly, they look to be launching a more formal consultation process with tribal governments regarding how (either through current or new legislation) to better involve tribes in the planning and review process of infrastructural projects that touch or affect tribal lands or treaty rights.


Monday, May 04, 2015

Supreme Court To Review Demand-Response

The Supreme Court has granted cert to review a challenge over FERC's efforts encourage "demand-response" policies. As incredibly dry as that sounds, this is a significant deal in energy/environmental area. The NYT article linked above actually gives a pretty decent summary of the issue, but I'll give my own quick take.

"Demand-response" refers to policies which give consumers price breaks when they consume electricity at off-peak times (as opposed to those times when energy usage is highest, like mid-day). In of itself, this doesn't "save" energy -- it just shifts usage around -- but it matters from an environmental standpoint because of the way power dispatched. Electricity supply and demand must be matched perfectly and instantaneously -- we produce exactly the amount of power that we need to consume. Functionally, that means that certain base generators are (more or less) always on, and then as demand rises additional generators come online to meet peak demand. Typically, these peak generators are older, more expensive, and dirtier than the base load generators -- hence the environmental benefits of demand-response. It also comes with reliability benefits -- reducing the peak electricity spikes means lessening the chance that the system will be overloaded. The losers, of course, are the operators of the expensive and dirtier peak-load plants.

The legal challenge here has to do with how the regulatory authority over electricity is allocated between the federal government (FERC) and the states. The Federal Power Ac, the main federal statute on the matter, grants FERC the authority to regulate wholesale (sale-for-resale) power transactions while preserving retail regulation to the states. Demand-response intuitively is more retail than wholesale -- it relates to when end-use consumers use their power -- but FERC attempted to structure its regulation in such a way that it created a wholesale-based demand-response framework. The D.C. Circuit didn't bite, ruling 2-1 that the program was actually impermissible retail regulation, and that is the decision under review by the Supreme Court.

Hence, as a legal matter this is less an "environmentalism: yay or nay" case than it is a "federalism/administrative law" case. Still, ideologically speaking the Court often has a left-right breakdown regarding the extent of federal power and the degree to which the judiciary ought defer to federal agencies. On that note, one encouraging sign for FERC is that Justice Samuel Alito is recusing himself from the case.

Monday, February 23, 2015

Energy Lobbying, Environmental Costs, and Zero-Sum Competition

Exelon Corporation, one of the largest energy companies in the United States, has come out in favor of the EPA's Clean Power Plan and has even asked for a carbon pricing schema. This stands out, as one does not typically expect to see large energy companies endorsing aggressive carbon regulation. And I should hasten to add that what follows is not a specific speculation on Exelon's motives. Exelon might have any number of reasons for the position it's taking, not the least of which could be a fear that absent their intervention the EPA plan could end up being more environmentally protective (and thus more economically burdensome). Nonetheless, in general it does seem a little odd: why would an electricity company support EPA rules that almost certainly would place greater costs on its line of business.

The answer might lie in the difference between competitive and monopoly electricity markets. In the former there are multiple firms competing for customers and market share. In the latter, there is a single firm with a guaranteed franchise and customer base. These two models have been struggling for primacy in the electricity sector for the past several decades -- as it stands, we have competition in the generation and wholesale sectors, whereas most (but not all) states have maintained a retail electricity monopoly. At first glance, though, this different market structure is unrelated to support of greater environmental regulations. For either it increases costs, and we can stipulate (though this may or may not be true) that it equally increases costs for firms operating in a competitive versus a monopoly context. It is therefore unlikely that any firm will unilaterally adopt superior environmental restrictions (with some allowance for trying to gain public goodwill or carve out a unique market share). And so it seems unlikely that any firm would lobby to put in place a regulatory regime which increases these costs.

But look a little closer. For the monopoly firm, a policy proposal which increases its costs is an unmitigated bad. The cost increase may be minor, in which case it will be moderately opposed, or significant, in which case it will be significantly opposed, but there is never a corresponding benefit to the cost increase. But in a competitive world, things are different because there is also the opportunity to take over one's competitor's turf. Here, cost increases can be a good thing if one is in a position to better ride them out than one's adversaries. Imagine Company A has already significantly invested in renewable energy infrastructure such that new carbon mandates are likely to only cause a small price increase. Company B, by contrast, is less prepared to handle these new mandates and would be forced to increase prices quite a bit. Company A may well lobby for the regulatory shift because it would give it the opportunity to gobble up market share currently held by B.

This matters because it suggests that, in a competitive context, there is sometimes a business incentive for firms to lobby on behalf of cost-increasing environmental regulation where it feels it can better absorb the costs compared to other companies in the field. To the extent that environmental regulation often in practice needs business buy-in to be effective, this is an avenue worth exploring.

I said that this was not a speculation on the Exelon situation, particularly, and it isn't. That said, I did notice that the speaker who delivered this missive to FERC was described as "Exelon’s senior vice president of federal regulatory affairs and wholesale market policy." If Exelon's wholesale division (remember that wholesale electricity is a competitive sector) thinks that it is better positioned than its rivals to meet EPA carbon requirements, then that would explain why it would come out in support of this initiative even though in absolute figures it probably will raise its cost of doing business.

Tuesday, September 23, 2014

Double-Counting RECs

Today I wrote a guest-post at the Legal Planet blog (a joint UC-Berkeley/UCLA project) about an interesting challenge before the FTC on how Vermont's Green Mountain Power makes renewable energy claims.

When a generator produces renewable electricity, the power company is entitled to a "Renewable Energy Credit" (REC) (typically 1 megawatt hour of renewable electricity equals one 1 REC). RECs represent the electricity's renewable attributes. These RECs can be bundled or unbundled from the associated electricity. If they're bundled (kept together), then the consumer of the electricity also receives the electricity's renewable attributes -- effectively, the customer is getting green power. But the electricity can also be unbundled from the REC, with different consumers receiving each product. In that case, the consumer who receives the electricity is not actually receiving "clean" electricity -- only the recipient of the REC is (basically, the REC recipient is off-setting dirty power she consumes from another provider).

The FTC petition claims that while Green Mountain Power claims to supply renewable energy to its consumers, it actually sells the associated RECs to other entities elsewhere in New England. This is misleading, since once the RECs are unbundled the electricity consumers are not actually receiving renewable power.

I go into some more detail in my guest-post. If you're interested, I encourage you to check it out.

Saturday, November 09, 2013

Things People Blame the Jews for, Volume VI: Energy Speculation

One of my new practice groups at the firm (see my shiny new bio!) is energy, an area which is quite new to me. I spoke to a partner who described how you can appraise how senior someone is in the energy law field by asking them "where does electricity come from" -- my answer, as of now, is: "the wall."

This is a shame, though, because as a Jew, energy markets (and energy speculation) are apparently my reason for existence in Washington. Here's Texe Marrs (there's a name!) with the lowdown [http://www.texemarrs.com/042011/zionist_oil_speculators.htm]:
They’re doing it again! Three years ago, two Rothschild-owned Wall Street banks—Goldman Sachs and Morgan Stanley—artificially drove the price of oil up to $142 a barrel, and the American economy collapsed. One year later, the price had fallen to $32 per barrel—and the oil companies were still making money, (They bring it out of the ground for a puny $4 per barrel!)

Now, Rothschild's Wall Street manipulators are back in business. For weeks now, oil gasoline demand has actually decreased. Nevertheless, the Wall Street criminals are driving the price of oil up through the roof on the oil futures market—which they own! That’s right, they own the commodities future exchanges!

And here’s what else you need to know:

1. President Obama is colluding with these bums. His Fed Reserve (with Jewish chairman Bernanke) gave 73 billion dollars in “loans” to Libya and Gaddafi. But Gaddafi’s oil goes to France, not the U.S.A.!


2. Obama’s Treasury Secretary (the Jew Geithner) gave a two billion dollar “loan” to Petrobras, the Brazilian oil giant, to drill in the Atlantic, off the coast of Brazil. Surprise: Brazil’s oil goes primarily to Red China and India, not the U.S.A.!


3. Obama’s Marxist EPA and Energy Department hassles U.S. oil drillers with a blizzard of regulations—all to intentionally force Americans to buy foreign oil owned by Rothschild and other Israel and Jewish billionaires. This in spite of the fact that the U.S. oil reserves are greater than Saudi Arabia, Kuwait, Iran, and all the rest of the world’s nations combined.

What the environmental crazies and Obama plan is for the price of gasoline to shoot up to $6.00, even to $10.00 per gallon. They think that Americans will be forced to drive less and thus their Global Warming scam will be enhanced.


4. Fidel’s Cuba and Red China are drilling new oil wells in international waters off of Florida, but Obama says “No!” to American drillers.


5. Iraq’s abundant oil is being shipped by oil pipeline through Israel to tankers sitting off the coasts of Gaza and Lebanon and is going directly to Red China. That’s right, Rothschild’s Israeli partners have been given—yes, given!—all of Iraq’s oil. They’re making a mint selling it to the Communists in Beijing. Remember when Dick Cheney promised us that the invasion and occupation of Iraq wouldn’t cost Americans a dime, because Iraq’s oil would pay for it? Well, now you and I see what rotten, filthy liars these politicians are!
If there's one thing a billionaire (Jewish or otherwise) loves, it's Marxism. And if there are two places Jews have infinite sway, they're Iraq and Saudi Arabia

UPDATE: Somebody must have forwarded this shocking hot take to Guatemalan activists protesting energy prices there.

Saturday, August 30, 2008

Risks Ahead for Palin

It's been barely a day, and already the Palin pick is starting to look like a big mistake. Cast aside the issues I already raised, as well as the big one I didn't (how the pick stomps on McCain's "experience" narrative). Palin also fits into another important Democratic attack line this cycle: that McCain and the GOP are in the pocket of big oil.

Now, Palin tried to argue that she is actually a crusader against the oil industry. But from the looks of it, she is if anything oil's handpicked candidate. To the extent that she breaks with the industry, it's because they aren't aggressive enough, which is not what most people have in mind when they think of the "energy crisis". This strikes me as a risk free attack on her -- it has no gendered associations, it fits in with Obama's pre-existing strategy, and it keeps McCain on the defensive on an area he's weak in. Palin, in other words, doesn't just negate one of McCain's primary strengths, she also exacerbates one of his biggest weaknesses.

Top that with the fact that a report on her role in an Alaskan corruption scandal is scheduled to come out on the eve of the election, her past close association with indicted Senator Ted Stevens, and the surprisingly tepid response of Alaskans themselves to her addition to the ticket, and we've got issues.

There's one more angle I want to write on Palin, and that's how it'll affect the votes of women. But I'm saving that for another post.