OT: The Power Grid Will Fail within 36 Months

From an investment adviser:

If you've been to socialist countries before, you know one of the main differences between socialist states and free markets is the widespread availability of cheap, reliable electricity.

Get ready? The lights in America are about to go out.

The government now directly controls almost half of all production. It is no longer an exaggeration to describe America as a socialist country

The heart of our country's economy ? the power grid itself ? is dangerously exposed to a rise in the price of coal. The Fed's actions, the perilous state of our currency on the world's markets, and the rise of China's economy mean the price of coal is certain to rise.

And America's leading power producers absolutely cannot afford a substantial rise in the price of their core fuel source.

Reply to
Robert Baer
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But are you importing coal?

Grant.

Reply to
Grant

We have a bunch of it, so no worries there, but the President did famously say he's go "So if somebody wants to build a coal-powered plant, they can; it's just that it will bankrupt them because they're going to be charged a huge sum for all that greenhouse gas that's being emitted. That will also generate billions of dollars that we can invest in solar, wind, biodiesel and other alternative energy approaches." --Barak Obama, Jan. 17, 2008

He later waffled incoherently in every possible direction.

Coal is kind of nasty.

-- Cheers, James Arthur

Reply to
dagmargoodboat

Coal is cleaner than politics.

--
Politicians should only get paid if the budget is balanced, and there is
enough left over to pay them.
Reply to
Michael A. Terrell

DimBulb's fetish is cleaner than politics.

Reply to
krw

Why would an increase in the price of coal make the grid fail? The utilities would just pass on the cost to the users.

World markets? We produce coal domestically.

John

Reply to
John Larkin

vailability

Granting the Robert Baer seems to think that Sweden and Norway are both socialist countries, one wonders what "socialist" countries he has actually visited. Spain under Franco was an anything-but-socialist country with a totally unreliable electrical power system.

Not an exaggeration - more an example of extreme out-of-touch-with- reality right-wing idiocy.

As the price of oil did during the 1973 oil crisis - by a factor of four. over a few months.

But they survived 1973. The lights didn't go out then, and any rational observer would be surprised if they ended up going out because the price of coal went up.

-- Bill Sloman, Nijmegen

Reply to
Bill Sloman

availability

.

Most large utilities that burn coal in the US receive their fuel under long-term contracts with fairly stable pricing, if they don't actually own the coal mines themselves.

Reply to
Richard Henry

I think the slime from politics degenerates into crude oil after a few million years...

--
Politicians should only get paid if the budget is balanced, and there is
enough left over to pay them.
Reply to
Michael A. Terrell

Grant wrote in news: snipped-for-privacy@4ax.com:

The "power producers" will not be affected by any rise in price of coal,they will PASS ON that cost to their customers. the only effects the "power producers" will have is when people cut back on their usage or drop the service because they cannot afford the cost increase.

Comrade Obama has said he wants to "bankrupt" the coal industry. That's at least 50% of US power generation. Comrade Obama has effectively set back new nuclear plants for a couple of decades because he defunded an almost finished Yucca Mountain Repository for safe storage of nuclear wastes.(and wasting billions of US tax dollars.) Without safe storage available,investors will be reluctant to begin new reactor construction. Wind and solar cannot replace coal. That means the US economy goes in the pits,and people having to lower their standard of living.

--
Jim Yanik
jyanik
at
localnet
dot com
Reply to
Jim Yanik

Yay for power conservation! Maybe people will finally ditch their highly inefficient resistive heaters? ;-)

Tim

--
Deep Friar: a very philosophical monk.
Website: http://webpages.charter.net/dawill/tmoranwms
Reply to
Tim Williams

I note, with considerable amusement, that my home state of West Virginia (more than 50% on welfare) is turning against the Obama-nation :-) ...Jim Thompson

--
| James E.Thompson, CTO                            |    mens     |
| Analog Innovations, Inc.                         |     et      |
| Analog/Mixed-Signal ASIC's and Discrete Systems  |    manus    |
| Phoenix, Arizona  85048    Skype: Contacts Only  |             |
| Voice:(480)460-2350  Fax: Available upon request |  Brass Rat  |
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               I can see November from my house :-)
Reply to
Jim Thompson

What he doesn't realize is that voting machines need electricity, and no one can see their lying political ads on TV with no electricity.

--
Politicians should only get paid if the budget is balanced, and there is
enough left over to pay them.
Reply to
Michael A. Terrell

Resistive heaters are far more efficient than any combustion. ;-)

Reply to
krw

Nah, voting machines don't need electricity. They come directly from the DNC "pre-counted".

Reply to
krw

ax.com:

on

ir

Solar is promising in sunny areas like Southern California. I see solar systems for $1.55 a watt at:

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A 1KW solar system at $1500 may produce 10KWH per day worth maybe a dollar a day at 10 cents a KWH for a return of $365 per year, or 24% of investment. Figuring rainy and cloudy days, the return may be only

1/3 or 8% on investment. Sounds like a good deal for places that can use it.

-Bill

Reply to
Bill Bowden

Luckily, they aren't in control around here. The ballots are filled out with a sharpie style pen, and counted by an electronic reader which looks for missing choices or multiple choices for one office. it rejects any bad ballot before the voter leaves the polling place.

--
Politicians should only get paid if the budget is balanced, and there is
enough left over to pay them.
Reply to
Michael A. Terrell

Same here. It's a great system.

Reply to
krw

The greenies are clearly insane - they want to stop CO2, but they block nuclear energy, which has ZERO CO2 emission!

That can only be insanity.

Or, could it be mere avarice?

Thanks, Rich

Reply to
Rich Grise

Only the computerized ones. When I was in locally controlled schools (i.e., no county money, no state money, no federal money, only local school district money), the voting machine they used to teach us how to vote was entirely mechanical, and hand-operated.

Of course, this was in the mid-1960s, before the unions turned the schools into socialist propaganda mills.

Cheers! Rich

Reply to
Rich Grise

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