The Clean Energy Corps Wants You
“This is YOUR opportunity to join us in making that future a reality. Regardless of whether you are new to clean energy, or have been doing this work for years, we want YOU as part of our Clean Energy Corps,” says Energy Secretary Jennifer Granholm.
“Your country needs you! Your planet needs you!”
“We want people who are passionate who are driven and ready to work hard on a mission of a lifetime.”
“We need project, grant, and portfolio managers to get investments out the door.”
“Deploy, Deploy, Deploy!”
Granholm has a lot of enthusiasm. There’s no question about that. She also has $62 billion to burn and is anxious to burn it.
Recall that the Energy Department used the 2010 green stimulus money to finance such failures including Fisker Automotive and Solyndra.
Portfolio managers will soon be knocking on her door all wanting a big piece of that $62 billion.
I don’t wish to dampen her enthusiasm, but please consider the question Is Going Green Really Worth It?
Well, best of luck to Granholm. We should all wish her success.
Thanks for Tuning In!
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“Mish Comments
That was a condensed excerpt from an even longer post by Mills. Inquiring minds may wish to give his article a closer look.
I do not expect this to change anyone’s opinion of the question Mills asked “Is Going Green Really Worth It?“
Indeed, Mills did not directly answer the question himself.
However, Mills raises some very important questions about a headlong rush into allegedly green energy without having a plan as to what it really takes.
Green advocates and economic illiterates praise AOC, Elizabeth Warren, Joe Biden, etc., but when did any of them address the questions Mills’ raised?
When did they discuss real costs of their proposals?
The answer is never. And Germany is living proof right now of what happens.
50 Years of Dire Climate Forecasts and What Actually Happened
In case you haven’t noticed, there’s https://mishtalk.com/economics/a-huge-disconnect-between-climate-rhetoric-and-doing-anything-about-it
The reason is cost. People are waking up to the fact there are massive costs now to protect against alleged disaster decades from now.
To make the threat appear immediate, every storm, fire, hurricane, snowflake (and lack of snowflakes) is blamed on not doing enough.
Goals But No Plan
The unfortunate bottom line is we have forever changing goals but no real plans.
So even if you think we need to do something, how do we do it that does not use up all the metals and pollute the world getting them while driving up inflation in the process?
And how do we force China to stop using coal without a huge inflationary response?
Meanwhile, please note https://mishtalk.com/economics/germanys-surrender-to-the-greens-forced-a-second-surrender-to-russia.
Biden, AOC, and Warren seem hell bent on forcing the US to follow the path of Germany.
Thanks for Tuning In!”
“Economists have warned of a looming cost of living crisis from April, when rising energy bills are expected to coincide with increases in National Insurance and income tax and the inflation reaching its highest level in a decade.
Ministers discussed relief measures including a reduction in the value added tax rate of 5% on energy bills, government guaranteed loans to suppliers so they can reduce customer bills as well than increased assistance for vulnerable households. A reduction in so-called “green” levies on electricity bills, which subsidize renewable energy projects, is also under consideration.”