Tweet
California has Hollywood to tell fairy tales on the silver screen. Then we have Sacramento to tell fairy tales to crush your job.
"What about the fact that green energy must be subsidized heavily, whether through the tax system or by regulation, in order to compete, even in regulated energy markets? Irrelevant. What about the dismal experience in Spain, where each green job has cost $791,000 (over 571,000 Euros) and has resulted in the loss of 2.2 ordinary jobs? Irrelevant. What about the German experience, where each green job has cost as much as $244,000 (about 175,000 Euros)? Irrelevant.
And since any reduction of greenhouse emissions by necessity must be achieved by cutting the use of conventional fuels, total energy use must fall because renewables cannot and never have replaced conventional fuels on a Btu basis. Since energy and employment are complementary inputs in any sensible aggregate economic model, a reduction in total energy use can be predicted to yield a reduction in total employment; the question is whether that effect is large or small."
We are lying to ourselves if we believe high cost energy, limited energy, will bring us out of the Depression. Make believe works on the silver screen, it is a killer in real life.
Then again, Arnold comes from the silver screen, why should we have expected anything else.
More...
"What about the fact that green energy must be subsidized heavily, whether through the tax system or by regulation, in order to compete, even in regulated energy markets? Irrelevant. What about the dismal experience in Spain, where each green job has cost $791,000 (over 571,000 Euros) and has resulted in the loss of 2.2 ordinary jobs? Irrelevant. What about the German experience, where each green job has cost as much as $244,000 (about 175,000 Euros)? Irrelevant.
And since any reduction of greenhouse emissions by necessity must be achieved by cutting the use of conventional fuels, total energy use must fall because renewables cannot and never have replaced conventional fuels on a Btu basis. Since energy and employment are complementary inputs in any sensible aggregate economic model, a reduction in total energy use can be predicted to yield a reduction in total employment; the question is whether that effect is large or small."
We are lying to ourselves if we believe high cost energy, limited energy, will bring us out of the Depression. Make believe works on the silver screen, it is a killer in real life.
Then again, Arnold comes from the silver screen, why should we have expected anything else.
More...