Author Topic: America 1st  (Read 74613 times)

rkbabang

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Re: America 1st
« Reply #10 on: June 02, 2017, 04:57:38 AM »
A friend of mine described him as a blind squirrel.  I think that is an apt description.  Luckily the blind squirrel stumbles in the correct direction from time to time, not often, but it happens.  This is one of those times.


jeffmori7

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Re: America 1st
« Reply #11 on: June 02, 2017, 05:00:38 AM »
I don't get why people here who can be so rational about finance, margin of safety, etc. want to take such a high risk without hedging at all...Considering the probability that things could go really bad, it doesn't seem to be a bad decision to do the most to make sure the highly risky scenarios don't happen!

Nnejad

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Re: America 1st
« Reply #12 on: June 02, 2017, 05:02:31 AM »
I don't think those numbers for B are right, though. You could replace all of our nation's coal with NG/wind/solar for probably about 600B (assuming an average of $2M per MW of capacity). Maybe it's 900B, but whatever. That's a one time cost. It's not more expensive after that. Actually, the latest numbers point to these three generation types being slightly cheaper on an all-in basis, and significantly cheaper excluding the initial capital outlay:
https://www.lazard.com/media/438038/levelized-cost-of-energy-v100.pdf

600B, one-time, is a drop in the bucket, so what's the real economic cost?

DooDiligence

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Re: America 1st
« Reply #13 on: June 02, 2017, 05:05:12 AM »
Kind of off topic but kind of not too.

At 1st, I was PO'd when he elbowed Montenegro but then I read up on them & thought, "hell, they deserve a few elbows."

I just don't believe he even knew who he was bullying (oblivious, once again...)
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Packer16

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Re: America 1st
« Reply #14 on: June 02, 2017, 05:12:02 AM »
If it economically cheaper then why are subsidies required to support the technologies?  I am all for the cheaper sources winning but the actual spending of dollars that benefit primarily the rich & fund an industrial complex are my main issue.  If it is that cheap let the market decide when to make the switch without tax payer assisstance.

Packer

Cardboard

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Re: America 1st
« Reply #15 on: June 02, 2017, 05:21:44 AM »
Exactly Packer!

If all the manipulative forces were out of the way: subsidies, taxes, government interference, Middle East interventions, etc. we would be much closer to clean energy.

Cardboard

Uccmal

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Re: America 1st
« Reply #16 on: June 02, 2017, 05:26:09 AM »
If it economically cheaper then why are subsidies required to support the technologies?  I am all for the cheaper sources winning but the actual spending of dollars that benefit primarily the rich & fund an industrial complex are my main issue.  If it is that cheap let the market decide when to make the switch without tax payer assisstance.

Packer

Should we start by removing all the subsidies for coal, oil, and gas?  Your doing partial economics. 

Its fine by me, if the US wants to bypass all future tech. development and let the rest of the world profit from it instead.  If someone doesn't rein this idiot in, then the US will find itself behind the 8 ball a few years down the road, when it gets screwed over by everyone else. 

This outcome is beyond appalling.  Fortunately, there are others in the US, corporate, and government who are going to circumvent this nonsense.  It wouldn't surprise me if a few states and mayors decided to go it alone or together and go to climate talks without the US. 

Anyone who supports this should be aware that Trump doesn't actually read or know anything.  95% of the government positions go unfilled. 
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Nnejad

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Re: America 1st
« Reply #17 on: June 02, 2017, 05:28:06 AM »
They probably aren't anymore, and they're being largely phased out by 2022. Five years ago they certainly were required, but wasn't it worth it? If I had to take another guess, we probably offered 150B of subsidies over the last five years. Let's also be clear, these were primarily in the form of tax credits, not actual cash outlays.

DooDiligence

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« Last Edit: June 02, 2017, 05:41:27 AM by DooDiligence »
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Uccmal

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Re: America 1st
« Reply #19 on: June 02, 2017, 05:41:56 AM »
Exactly Packer!

If all the manipulative forces were out of the way: subsidies, taxes, government interference, Middle East interventions, etc. we would be much closer to clean energy.

Cardboard

And Trump is somehow accomplishing this?  The guy doesn't have a clue. 

See my comment about removing subsidies on oil, gas, and coal as well. 

And Cardboard, you do realize that Trump pulling out of this accord is torpedoing the price of oil, and your oil stocks along with it. 
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