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Green Leap Forward
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Writing on the stumbling energy transition.

Sadly true. nostr:note18jueh4jzlu0l9u2gl4l7zfl0877ypysvutmzcu7wdugrk4fjl64sq974gv

Replying to Avatar walker

Today I’m alternating between René Girard and nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a

Interestingly, “Broken Money” and “Things Hidden Since the Foundation of the World” are identical in size.

Anyway, have a beautiful day — I hope you seek out knowledge that expands your horizons.

Great beach reads!

Heat pumps were supposed to be the cure-all for heating and cooling in the home according to fiat fuels and climate crisis hysterics. Now a fiat academic is admitting that’s not the case, and “we” will need hybrid systems (using evil fossil fuels).

https://www.linkedin.com/pulse/lets-run-towards-hybrid-heat-pumps-benefits-climate-harvey-michaels

In other words, this is what happens when one relies on fiat money.

Fiat AF

Cc nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

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“First, these numbers prove, yet again, that the alt-energy sector continues to be fueled by corporate welfare. For years, advocates for wind and solar energy have claimed that their schemes are cheaper than traditional forms of electricity generation. Last year, John Kerry, the Biden administration’s climate envoy, claimed that “Solar and wind are less expensive than coal or oil or gas. They just are less expensive.” If that were true, and solar energy is too cheap to meter, then the industry shouldn’t need tax credits.

But thanks to climate corporatism, some of America’s biggest corporations, including NextEra Energy and MidAmerica Energy, a subsidiary of Berkshire Hathaway, are collecting billions of dollars in tax credits and they stand to collect untold billions more in the coming years thanks to the IRA.

Second, it’s evident that President Joe Biden and members of his administration misled the American public about the cost of the IRA. On August 22, 2022, Biden gave a speech at the White House during which he said, “The Inflation Reduction Act invests $369 billion to take the most aggressive action ever — ever, ever, ever — in confronting the climate crisis and strengthening our economic — our energy security.” Biden’s defenders might argue that the president didn’t know exactly how much the IRA would cost taxpayers. But ignorance is no excuse. (Nor is old age.)

Third, this solar corporate welfare could add hundreds of billions of dollars to the national debt at the very time we cannot afford more debt. On Monday, the national debt surpassed $33 trillion, a milestone that the New York Times noted provides “a stark reminder of the country’s shaky fiscal trajectory.”

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https://robertbryce.substack.com/p/solar-energy-is-getting-200-times