Wall Street is going to be scrambling to figure out the winners and losers of the Democrats’ bill
A puffpiece from politico without many facts except that the Democrats are gonna blow a lot of the taxpayers money.
The bill will dramatically remake parts of the U.S. economy as it helps create new jobs in the green energy and carbon reduction sectors, said Robbie Orvis, senior director of energy policy design at Energy Innovation, a nonpartisan energy and climate policy think tank.
“This is kind of an industrial bill masquerading as an energy and climate bill,” Orvis said. “There’s just so much in the bill to bring clean energy manufacturing back to the U.S. and to grow the industry, and that is the direction the world is headed.”
“This is going to be more massive than people realize,” Rep. Ro Khanna (D-Calif.) said in an interview. “If the government invests $300 billion in solar, wind, batteries and heat pumps, that has the potential to unlock trillions of dollars in private sector investment in climate.”
Ford raises price of electric F-150 Lightning by up to $8,500 due to ‘significant’ battery cost increases
And other green boondoggle components
The prices of lithium and cobalt more than doubled in 2021, and those for copper, nickel, and aluminum all rose by around 25 percent to 40 percent.
The price trends have continued into 2022. The price of lithium has increased an astonishing two-and-a-half times since the start of the year. The prices of nickel and aluminum — for which Russia is a key supplier — have also kept rising, driven in part by Russia’s invasion of Ukraine.
from the far left Bloomberg https://archive.ph/3B2Po
The US Industrial Complex Is Starting to Buckle From High Power Costs.”
Europe’s fertilizer plants, steel mills, and chemical manufacturers were the first to succumb. Massive paper mills, soybean processors, and electronics factories in Asia went dark.
Now soaring natural gas and electricity prices are starting to hit the US industrial complex.
On June 22, 600 workers at the second-largest aluminum mill in America, accounting for 20% of US supply, learned they were losing their jobs because the plant can’t afford an electricity tab that’s tripled in a matter of months.
Yes, it’s a high price to pay for an unproven “global warming” thesis.
Have you noticed:
In winter, when conditions are very, very cold, that is “weather”.
In summer, when conditions are very, very hot, that is “climate change”.
Any notion whatsoever promulgated by American mainstream media is pure, unadulterated, propaganda . . . . . from which Pravda and Izvestia could learn lessons.
To be clear, the unproven part is that we are causing it, and that we can (or should) do anything about it. While the left will cry about you being a science denier and summarily dismiss any argument you try to make, no one is actually denying that yes, the global temperature has in fact been slowly rising.
Satellite data are the most reliable we have and least susceptible to faking by the climatistas. The latest data show an increase of 0.36° C in July 2022 from the 1991 to 2020 average. To Put this in perspective, the deviation in most places from night to day is 10 to 20°C
But it’s still [technically] an increase. How meaningful that increase is, is very subjective. When you say it doesnt matter, then you have a disagreement; but when you say it is unproven or not real, then you’re [again, technically] wrong. And they love to call out people for being wrong, and harp incessently on that detail no matter how irrelevant it is to the point being made.
Hmmm, that’s convenient. How does it compare to the 1979-1996 average? How about 1920-1950? Or heck, the past 1000 years? (I know you can’t answer from this data set since this satellite didn’t exist, but scientists do have other ways to measure temps).
The satellite data start in 1979 so there are data from 1979 to 1996. You can see them in the plot in my post. I think the 1991 to present period was chosen because you if you look at the plot the temperature readings have stabilized over the past 30 years. There was a slight 0.3° C increase from 1979 to 1991 period. I have not read the paper paper to know exactly why they picked this period.
These other methods you’re talking about, weather stations for periods in the last century and other proxies for prior times are highly susceptible to scientific corruption and cooking the books. For example, it is well documented that many of the weather stations are located in areas that have gone from rural to highly urbanized. The urban heat island effect is accepted by everyone so the activists/“scientists” apply "corrections " that are highly biased towards the point they are trying to show.
looks like the virtue signaling EV buyers here in far Left Silicon Valley are going to get unexpected bad news about the subsidy LOL
Edit. The subsidy is too juicy to leave on the table so the manufacturers will spend a lot of money to comply. It will be interesting if they are able to comply in a reasonable period of time since China dominates the battery materials market.
John Bozzella, CEO of the Alliance for Automotive Innovation trade group that represents most of the automakers who do business in the U.S., said 70% of the full electric and plug-in hybrid vehicles that are currently available will be made ineligible right off the bat.
That number could potentially drop to zero as the industry works to update its supply chain to meet the new regulations.
The credit will only be available to single-filers who earn less than $150,000 annually, heads of households at $225,000 and couples at $300,000.
The maximum price for a car that qualifies will also be restricted to $55,000, while SUVs and pickups will be limited to $80,000.
They also must be assembled in North America, which will disqualify many models as soon as the law goes into effect.
additional rules scheduled to go into effect in 2023 will split the subsidy in two.
One half will be based on manufacturing location and the other on the country of origin of critical metals used in the batteries.
At least 40% will need to be sourced from the United States or countries it has a free trade agreement with — and the number will increase each year until it reaches 100% in 2029.
Additionally, half the battery’s overall value must meet the same country of manufacture rules as the rest of the vehicle or the credit is lost.
I remember watching a documentary that explained the dust bowl. Something about an unusually dry season compounded with inappropriate farming that caused the top soil to turn to dust. Don’t know why there was a drought, but the dust part was preventable. It was a big event, but it was concentrated, not planet-wide, right?
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