Monday, February 15, 2021

The Green Raw Deal

According to this report, the so-called Green New Deal is well underway:

By now, you’ve heard of the Green New Deal, an ambitious agenda to decarbonize the economy. The overall Green New Deal calls for ending the use of oil and natural gas, moving to electric vehicles, solar, wind and geothermal power, imposing carbon taxes to reduce CO2 emissions and providing government subsidies to non-carbon-based energy technologies.

The U.S. would also seek to embed these policies and priorities in new trade treaties and multilateral agreements. President Biden has already begun this process by rejoining the Paris Climate Accord, which actually doesn’t mean much; it’s mostly for show.

The Paris Accord is also a platform for pursuing the Green New Deal.

But it’s difficult to conceive of any other program that would do more harm to the U.S. economy and give more of a boost to the Chinese, Russians and Iranians.

Source - https://dailyreckoning.com/green-new-deal-is-underway/

We're already feeling the effects. The cost of energy is skyrocketing because of the current cold snap:

https://www.zerohedge.com/markets/power-bills-moon-chaos-shock-electricity-prices-across-us-explode

... and we can expect similar shortages and outages as the Green New Deal replaces carbon-based energy sources with higher priced "green" electricity.

How's the Biden-Harris-Pelosi-Schumer agenda been working for you? I think it sucks.

By the way, wind turbines don't work very well in the cold and ice (and solar cells don't work in the dark):

https://www.statesman.com/story/news/2021/02/14/historic-winter-storm-freezes-texas-wind-turbines-hampering-electric-generation/4483230001/

And in case you still believe the Green Raw Deal won't be bad for the USA, take a look at this warning from Germany:

Biden's ambitious plan for a "Green Deal" increases the US's dependence on China. The new government has to come up with something if you want to avoid bottlenecks and not go under in the negotiations with Beijing.

Source - https://deutsche-wirtschafts-nachrichten.de/508638/Seltene-Erden-Biden-muss-die-Abhaengigkeit-von-China-verringern-ansonsten-bleibt-der-Green-Deal-eine-Luftnummer [translation required]

Gee, maybe Hunter Biden could be our point man on this.

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