Tag Archives: Bloomberg

Wind and Solar are winning by 2 to 1 over gas and coal

Guess what’s really inevitable, pipeline companies? Solar and wind power.

Utility scare tactics that no coal means pipelines are so much hot air. Scare tactics that no pipelines would mean LNG trains are burnt up by solar power. Stop pipelnes or fracking and stop the other and LNG export along with it. And we’re winning!

Tom Randall, Bloomberg, 6 April 2016, Wind and Solar Are Crushing Fossil Fuels: Record clean energy investment outpaces gas and coal 2 to 1. Continue reading

Bloomberg notices solar now cheaper than all other forms of energy

What Jon Wellinghoff predicted a year ago is starting to filter 300x199 Solar prices dropped below all other energy sources, in Georgia solar breakeven, by John S. Quarterman, 30 November 2014 into the news media: solar is going to win, and very quickly. Welcome to a sunny world!

Tom Randall, Bloomberg, 29 October 2014, While You Were Getting Worked Up Over Oil Prices, This Just Happened to Solar,

After years of struggling against cheap natural gas prices and variable subsidies, solar electricity is on track Continue reading

OPEC v. fracking: Russia to win, U.S. LNG export to lose

OPEC just pushed down oil and gas prices, and the main beneficiary will be Russia. 300x166 NYSE ARCA OIL & GAS INDEX (INDEXNYSEGIS:XOI), in OPEC drops oil and gas prices, by John S. Quarterman, 28 November 2014 U.S. and other sanctions to punish Russia for invading Ukraine already pushed the ruble down, which makes Russian fracking less exposed to this price drop. Natural gas prices are falling with oil prices. So a big winner could be Siberian natural gas fracking for China. Which could nip U.S. LNG exports at their budding export terminals. Since LNG export is the most profitable market for fracked methane, the pipeline craze could go bust. And that could help the U.S. get on with cheaper, faster, safer, and far cleaner solar power.

Will Kennedy and Jillian Ward, Bloomberg, 27 November 2014, OPEC Policy Ensures U.S. Shale Crash, Russian Tycoon Says, Continue reading

Your jaw will drop with astonishment at how fast solar power will beat every other energy source –a stock trader

A stock trader looked for causes of solar stock price rises and considered the effects of solar PV price drops, and realized solar power is going to beat every other energy source so fast that it “will make your jaw drop with astonishment.”

Michael Sankowski wrote for Business Insider 3 May 2013, Solar Is Going To Change The World Much Faster Than Anyone Expects,

6% year is a fantastic rate of decreases, but 20% is simply astonishing. 20% is an impressive number, but putting it into context will make your jaw drop with astonishment.

My calculations show that if solar maintains 5 more years at current 23% rates per year price drops, solar power will be cheaper than using existing coal plants. That’s right — it will be cheaper to build new solar plants than to use existing coal plants. It sounds absolutely crazy.

First he discovers the effects of no fuel for solar in Continue reading

Bloomberg links MS Kemper Coal cost overruns to GA Plant Vogtle nukes

Betty Liu of Bloomberg quizzes Thomas A. Fanning of Southern Company Bloomberg has video of Southern Company CEO Thomas A. Fanning trying to explain away how cost overruns at SO’s nuclear Plant Vogtle in Georgia are linked to cost overruns SO’s coal Plant Kemper in Mississippi.

Betty Liu: This project along with the Vogtle project… has some investors wondering maybe Southern Company has stretched itself too thin, with these two major projects you’ve got under way….

Fanning: In fact, the Vogtle project is going beautifully. We have delayed the in-service date by a year, but….

That’s funny, GA PSC and the AJC say Continue reading

Coal-planning Cobb EMC board to meet

Cobb EMC to hold first member meeting since spate of legal problems. Its current directors still want to build a coal plant in Ben Hill County.

Kim Isaza wrote for MDJonline.com today, Sides set for first EMC meeting: Date set for Sept. 17, but Cobb Superior court judge must first grant approval

Pending approval from Judge Stephen Schuster, the first meeting of Cobb EMC members in nearly three years will convene at 10:15 a.m. Sept. 17.

At that meeting, members will decide two issues: whether to allow voting by mail-in ballots at future elections, and whether to amend the electric cooperative’s bylaws to limit director compensation to a daily rate while also prohibiting future directors from being paid retirement benefits. Previously vested benefits would not be affected.

And look which one the directors really don’t like: Continue reading

Private prisons are a public safety problem

They don’t save money and they do increase escapes. Justice shouldn’t be for private profit at public expense.

W.W. wrote in The Economist 24 August 2010 about The perverse incentives of private prisons:

LAST week authorities captured two fugitives who had been on the lam for three weeks after escaping from an Arizona prison. The convicts and an accomplice are accused of murdering a holiday-making married couple and stealing their camping trailer during their run from justice. This gruesome incident has raised questions about the wisdom and efficacy of private prisons, such as the one from which the Arizona convicts escaped.
Arizona, the place Georgia just copied Continue reading

Jails Reap Millions Off U.S. Illegal Alien Crackdown

Betty Liu reports for Bloomberg that Jails Reap Millions Off U.S. Illegal Alien Crackdown:
The big winner in the crackdown on the illegal immiggration has been the private prison industry. As Bloomberg Business Week reports in its latest issue, companies such as Corrections Corporation of America are making millions. In fact, CCA makes more money from detaining immigrants than it does from any single U.S. state.
She goes on to mention CCA’s stock price has gone up by a factor of ten since 9/11.

Bloomberg’s Betty Liu reports, 18 March 2011. (Source: Bloomberg)

The source of the money CCA and its investors and executives are making? Our tax dollars!

With all the additional jail time, misdemeanors, and felonies in new state laws such as Arizona’s, states could catch up with the feds in paying CCA through the nose!