New England’s Karma

Our friend, Shakespeare, perfected the vision of one, “hoist with his own petard”.  It reminds us of the more modern term, “Karma”, wherein a robber accidentally shoots himself in the foot or a bicycle thief crashes or the predatory alligator on Youtube is grabbed and carried off in the jaws of a powerful leopard.

Today, our Mid Atlantic energy advisor friend describes how global warming mania run amok is destined to ruin the economy of those so disillusioned — in this case, New Englanders.

Meanwhile, we remind our readers that the self-acknowledged goal of the UN global warming/climate change leadership  is not to improve the environment but to destroy capitalism.  Huge sections of the United States and Canada are about to succumb to the soft melodies of political pied pipers who are successfully leading those economies into poverty as pretext to their own accumulation of power.  -dh

 

From our Mid Atlantic energy analyst friend:

Last week we had separate notes on the circumstances that caused the tabling of plans for the Northeast Energy Direct (NED) and Constitution natural gas pipeline projects. There is a third pipeline that is now in the crosshairs of the knuckle-dragging environmental wackos. This is the Access Northeast pipeline, being promoted by Spectra. The financial issues for both NED and Access Northeast are similar, in that (this is a bit simplistic) the pipelines want to bill the costs of securing firm gas supply that they will eventually deliver to New England at the time the upfront financial commitments have to be made, rather than billing it as the gas is delivered. As noted below, the opponents are opposing the waiver to historical practice in New England to defeat these projects.   The pipes also want to be able to bill it to power generators in addition to LDCs supplying natural gas for heating. If this is turned over (see below) it could make the recovery rate uneconomic.

If that is not enough, Spectra is forced to get a wetlands permit, which will take an almost impossible-to-achieve vote from the Mass. Legislature (we lived there for six years; we have lots of stories about how voting is done there!).

BOTTOM LINE: There are excellent odds of another pipeline biting the dust, or at least being delayed for an extended period of time.  Their Plan B when the gas does not show up is…(hint: there is no Plan B).

New Englanders do not need our wish that they might freeze. They are working very hard on it themselves, thank you very much.  They remind us a little of the Cleveland Cavaliers under Ted Stepien in the 1980s. He frittered away so many of the Cav’s draft choices in exchange for has-been players (AND lousy coaches) for years to come, that the Gund Brothers got a couple of extra draft picks when they bought the franchise. The difference is that there will be no one to bail New England out.

In Conclusion….

Yes, we might think it fair that Karma and/or petard hoisting is the logical (i.e. and perhaps, deserved) result of stupidly rejecting the very wealth preserving activity that saves a country from destruction and domination.  But whether it be New England, Houston, Alaska or San Francisco — or socialist leaders now openly advocating the decline of the nation: when great places forget their origin and choose to decline one finds it too hard to smile as tears run.  For watching the demise of the American democracy in slow motion — no matter how well deserved — produces a sadness and grief that can only be followed by fear and trembling…not an optimistic future.       -dh

Stupidity Must Eventually Get What It Deserves

Our longtime (i.e. since the webpage was born) reader/friend, Dan Kish, sends us this important climate change information as if the column left was not sufficient.  We don’t want to think that a country with such stupid, godless policies deserves to be exploited and ruined, but logic says that a stupid, godless country cannot possibly retain its position as that shining city on the hill.  -dh

 

Says Dan: ‘Keep it in the ground’ puts U.S. on path to 2°C temperature rise: If environmentalists have their way and the federal government ‘keeps it in the ground,’ the U.S. will come close to meeting world goals for global warming prevention, according to a report from the Stockholm Environment Institute out today. Under the current leasing regime and assuming the Clean Power Plan is implemented, fossil fuel production on public land will rise 11 percent by 2040. But if the U.S. stops issuing new leases for public land and allows non-producing leases to expire, coal production will fall off steeply – especially in the Powder River Basin – and oil and gas production will fall gradually. The reduction puts the U.S. on a path to only a 2 degree Celsius temperature rise. “Our analysis indicates that increases in other fuels make up only part of the avoided production, so a lease restriction policy would likely lead to net CO2 emission reductions,” a related policy brief said.   -dk

Then, we note this letter from Members of Congress.  These are officials who do not care that the very basis for wealth in the United States is the production, transportation, distribution, space heating and power generation made possible by fossil fuels. 

We encourage our Canadian readers to not cry too much for America.  For America’s northern neighbor — our largest trading partner — is itself beset with environmental activism and policies that can only lead to the same disastrous ends America so actively and so ignorantly seeks.

-dh