For all those sun baked brains that see salvation in renewable nirvana, the imminent demise of SunEdison is the latest case that creative green economics is the path to insolvency. After studying the tangled web of cross collateralization and rehypothecation of debt, the WSJ announcement is inevitable, SunEdison Said to Be Preparing to File for Bankruptcy. “Solar-energy company SunEdison Inc. plans to file for bankruptcy protection in coming weeks, a dramatic about-face for a company whose market value stood at nearly $10 billion in July.”
What exactly is a public utility? If you listen to the government officials in New York State, a foreign company is just dandy and will qualify from the Public Service Commission as a provider of electricity. While this may be old news, the continued adverse fallout from foreign ownership can no longer be flittered away. The latest approval of rate increases goes as an example of how the entire political favoritism system operates. The Buffalo N.Y. News reports, You’re likely to see higher electric bills soon.
Flying in those friendly skies has never been better for the corporate airlines. As for the cattle that is herded into the pens, the exhilaration and excitement has long faded into storm clouds. No doubt that in a competitive economy, enterprises must make a profit to survive, much less prosper. The airline industry does not have the same romance of a Yankee Clipper flight to China, but the amenities of sacking out in style certainly improves the hardship of travel. So what about the economics of the air passenger sector? A CNN reports says it all Airlines saved $11 billion on fuel. You saved 8 bucks.
If you want to know how the “so called” Free Trade exponents think about exports, just analyze the impact and actual beneficiaries of the US House passes bill to lift 40-year ban on oil exports.
“The crude export restrictions were introduced in the US in 1975 in the middle of the energy crisis. They followed OPEC’s oil embargo of the US and other countries backing Israel during the Arab–Israeli war of 1973. In the face of embargo-related high oil prices, Washington eased the limits on oil imports and ordered an export ban.”
All thinking and rational students of economics and political policy should take note of the triumphed message sent out by the CREDO Action progressive group. The strategy to organize a massive civil disobedience confrontation has been absent from the public square for far too long. However, when the cause is so ill founded and based upon foolish economic realities, the protesting activists need to rethink their falsely placed suppositions.
The warfare against coal has entered the end game. Two years ago, The EPA an Out of Control Monster virtually prohibited the construction of future facilities.
“The Environmental Protection Agency effectively banned new coal-fired power plants Tuesday, announcing emission rules that will make them uneconomical to build. This follows other recent rules squeezing coal. The actions show the administration following through on an earlier promise to crack down on the industry via regulation after the “cap and trade” carbon bill stalled in Congress in 2010.”The proof of Obama ‘All the Above’ Strategy Does Not Include Coal, is seen by his EPA policy. “