E-Mail Address: Password:
Forgot password?
Click here to register
[login]
Home Articles Stocks Faq About Us Contact Us RSS Feeds February 9, 2012
SEARCH: 
Energy Tribune Jobs
(click here)
Featured Stories
Guest Opinions
Americas
Europe
Russia
Middle East
China
Australasia
East Mediterranean
Africa
Nuclear
Commentary
Print Issues
Fracking Natural Gas
Wyoming CO2 Sequestra...
Israel-Iran: Reaching...
Cheniere to Export LN...
Harry Reid and the Ke...
The Volt: What Happen...
Venezuela, Colombia L...
In The Head Of U.S. E...
All Those Billions, B...
Understanding E = mc2

Rough times for ''Carbon Communism''

Posted on Apr. 01, 2009

The global warming industry had a bad week at the end of March. The month that entered like a lion – with snowstorms mocking (and greatly reducing the ranks of) an act of mass “global warming” civil disobedience – came to a close with sheepish expressions all around the Kyoto II preparatory talks which kicked off in Bonn.

These actions were to pave the way for a Kyoto II treaty that the U.S. is universally expected to agree to this December in Copenhagen but which, it has now become clear from all quarters, President Barack Obama has no intention to embrace. It remains unclear just what clever plans he has to substitute for the anticipated treaty which of course would never received the necessary two-thirds Senate approval, but the big-ticket item now requires some fancy rhetorical footwork.

The bad news didn’t stop there. The alarmists’ domestic brass ring, a carbon dioxide rationing scheme, and one bearing the added benefit of funding massive social engineering by grabbing all of the revenues for the state, fell out of the Obama budget. That potato became a little too hot when even Pravda the former newspaper of the Soviet Union, began complaining of the “carbon communism” of U.S. elites.

Then, as if jettisoning this massive new revenue source weren’t insult from Congress enough, California Senator Diane Feinstein joined with the Greens to oppose a large solar power plant in the Mojave Desert. It seems a particular tortoise might experience anxiety if intermittent, expensive feel-good measures are located near its home. To which erstwhile green hero Governor Arnold Schwarzenegger replied, “If we cannot put solar power plants in the Mojave desert, I don't know where the hell we can put it.”

Possibly the Governator was snippy because of the contemporaneous news that he wants his money back for the electric car he purchased, because he isn’t able to climb in and out of it. Which is perfectly analogous to “green” energy on any scale: like windmills, which we know can’t go up anywhere birds or bats fly or Kennedys live, you don’t put these solar plants anywhere, Arnold, you just wistfully pine for their deployment. Near other people. Apparently, on other planets.

And that’s probably a good thing, because the end of March also saw a devastating report from academics and energy industry experts in Spain, the land of Obama’s model for the new American “green jobs” economy. In a paper published by the economics department of Madrid’s King Juan Carlos University, a brace few dared speak up to note that the green jobs emperor is stark, raving naked.

Gabriel Calzada was lead author of an analysis of the economic miracle that we are told we will now import here and for which the new administration has already grabbed billions of your, your children’s and your grandchildren’s money. It is now unfair to simply criticize that money as wasted. It is also highly destructive.

What Calzada (who, for full disclosure, I consider a friend) found, with the assistance of the former chief of Spanish operations for the German utility RWE, is sure to cause discomfort among Enron’s successors pushing for these schemes, prowling the halls of Congress seeking hundreds of billions in rents – requiring increased taxes and causing increased energy costs – for their uneconomic pets. Here are some of the highlights:

• Based upon the Spanish experience that President Obama expressly cited as a model, if he succeeded in his (oddly floating) promise to further intervene in the economy to create 3 million (or is it 5 million?) “green jobs,” the U.S. should expect to directly kill by the same programs at least 6.6 million (or as many as 11 million) jobs elsewhere in the economy.

• That is because green jobs schemes in Spain killed 2.2 jobs per job created, or about 9 existing jobs -- I'll call them "real" jobs -- lost for every 4 that are created. The latter, the study shows, then become wards of the state, dependent on the continuation of the mandates and subsidies, subject to the ritual boom and bust of artificially concocted jobs (read: ethanol).

• The existing jobs most harmed were manufacturing jobs, of basic iron and steel products, basic chemical products, plastics, manufacture and first transformation of precious metals, as well as producers of cement, lime and plaster.

• This does not include jobs lost due to redirection of resources, but are only the jobs directly killed by the scheme.

• The study calculates that since 2000, Spain spent more than $750,000 (at current exchange rates) to create each green job, including subsidies of more than $1.3 million per wind-industry job. They are that uneconomical.

• Each green megawatt installed destroys 5.39 jobs on average elsewhere in the economy. The partial breakdown is as follows: 8.99 by photovoltaics, 4.32 by wind energy, 5.84 by mini-hydroelectric.

Calzada informed me that, as the study was being finalized, the European Commission, left-wing media and communist trade groups had all gotten wind of it and let him know of their displeasure. It seems that gravy trains of squandered billions, funneled to well-positioned interests, is the kind of thing that some people don’t want exposed.

They have reason to be worried. This study – apparently the very first critical analysis of the actual performance and impact of the mythologized EU and Spanish programs – notes how, on top of all of the above-cited downsides, the price of a comprehensive energy rate (paid by the end consumer) in Spain would have to be increased 31 percent to begin repaying the historic debt generated by the rate deficit mainly produced by subsidies to renewables. That, by the way, is according to Spain’s energy regulator.

Yes, it was a very bad month for “carbon communism” and the global warming industry. As the public becomes more educated about these matters, the good news is that the months should only get worse.

Chris Horner is a senior fellow at the Competitive Enterprise Institute.


Stumble It!
Share on Facebook   Share on Twitter
Back Home   Back to Top
Related Articles
B.C. Aims to Sell Cleaner LNG
By Geoffrey Styles 
Feb. 8 2012, 11:39 EST
All Those Billions, Blowing in the Wind
By Marita Noon 
Feb. 6 2012, 11:44 EST
Refinery Closures Lead to Rising Gas Pri...
By Robert Rapier 
Feb. 3 2012, 3:28 EST
In The Head Of U.S. Energy Secretary Chu
By Professor Ferdinand E. Banks 
Feb. 2 2012, 12:41 EST
The Volt: What Happens When Ideology Get...
By Marita Noon 
Feb. 1 2012, 3:04 EST
Ninety Seven Percent Is Not What You Thi...
By Art Horn 
Jan. 31 2012, 1:07 EST
State of the Union: "All Out, All o...
By Geoffrey Styles 
Jan. 30 2012, 1:04 EST
Iran Sanctions
By Andrés Cala 
Jan. 27 2012, 5:30 EST
Time, Newsweek Bury Keystone
By Michael J. Economides & Peter C Glover 
Jan. 26 2012, 11:08 EST
Super Fracking & the Next Shale Gale
By Peter C Glover 
Jan. 24 2012, 11:55 EST
The Falklands and Other Dangerous Disput...
By Steve H. Hanke 
Jan. 23 2012, 12:42 EST
Venture Socialism?
By Robert Rapier 
Jan. 19 2012, 3:41 EST
CLOSE
MORE
Energy Spurs A Recovery In Houston
By Kristina Shrevory 
Feb. 8 2012, 3:56 EST
Azeri, Iranian Gas Supply Failure Fuels ...
By Todays Zaman 
Feb. 8 2012, 3:37 EST
America’s Solar PV Market: Growth And U...
By Kirsten Korosec  
Feb. 8 2012, 12:55 EST
Crude Glut In U.S. Suppresses Canadian O...
By Shawn Mccarthy  
Feb. 8 2012, 12:42 EST
Top 5 Largest Shale Deposits Yet To Be F...
By Pierre Bertrand 
Feb. 8 2012, 12:37 EST
Oil Producers ‘Will Meet Demand’
By Times of Oman 
Feb. 8 2012, 12:34 EST
Global Warming Has Stopped?
By Peter Gleick 
Feb. 7 2012, 1:12 EST
Saudis Aren’t Keeping Lid On 100 Dollar ...
By Sharon Epperson 
Feb. 7 2012, 11:42 EST
Fracking Is Not A ‘Fait Accompli’ For 20...
By Mireya Navarro  
Feb. 7 2012, 11:35 EST
Average U.S. Gas Prices Hover At Record-...
By Ronald D. White 
Feb. 7 2012, 11:22 EST
India Will Burn More Coal Than China In ...
By Hindu Business Line 
Feb. 7 2012, 11:10 EST
Nabucco Gas Pipeline To Be Displaced By ...
By Julia Harte 
Feb. 7 2012, 10:53 EST
CLOSE
MORE
Venezuela’s PDVSA to Boost Orinoco Crude...
By Nathan Crooks 
Feb. 8 2012, 12:29 EST
Colorado Sportsmen Back Oil And Gas Disc...
By Denver Post 
Feb. 7 2012, 10:26 EST
NM Regulators Repeal Carbon Cap And Trad...
By CBS News 
Feb. 7 2012, 10:23 EST
Florida State Unveils Natural Gas Car
By Delmershae Walker 
Feb. 6 2012, 12:21 EST
Pemex Seeks To Add Conoco, Shell Subsidi...
By Laurence Iliff 
Feb. 3 2012, 1:55 EST
Petrobras Shuts Fifth Most Productive We...
By Lucia Kassai and Peter Millard  
Feb. 1 2012, 12:41 EST
US Refiners, Union Prepare For Possible ...
By Fox Business News 
Feb. 1 2012, 12:12 EST
Marathon Weighs Pipeline Option
By Gina Chon and Ryan Dezember  
Feb. 1 2012, 11:45 EST
Obama: Meeting US Energy Needs Will Requ...
By EV Wind 
Jan. 31 2012, 2:24 EST
Union Tells US Refinery Workers To Prepa...
By CNBC 
Jan. 30 2012, 5:55 EST
Oil Drilling Increased, API Says
By UPI 
Jan. 30 2012, 4:32 EST
DOE Announces Grants To Study Concentrat...
By EV Wind 
Jan. 27 2012, 5:01 EST
CLOSE
MORE
Turkey Turns To Coal And Nuclear Power
By Steel Guru 
Feb. 8 2012, 12:26 EST
World’s Largest Wind Farm Erects First W...
By Jessica Shankleman  
Feb. 7 2012, 11:27 EST
E.U. Rebuffs China’s Challenge To Airlin...
By James Kanter 
Feb. 6 2012, 5:24 EST
Italian Refineries To Shut Down Over Ira...
By Press TV 
Feb. 3 2012, 2:00 EST
Bulgarian Coal Miners Call Off Strike
By Reuters 
Jan. 23 2012, 11:59 EST
Chevron Gas Discovery Boosts LNG Plans
By News 
Jan. 20 2012, 3:08 EST
Ukraine Seeks Compromise With IMF
By James Marson  
Jan. 20 2012, 12:10 EST
Shell Joins Nova Scotia’s Offshore
By Daily Staff Biz 
Jan. 20 2012, 11:29 EST
UAE To Set Up Clean Energy Project In Af...
By Haseeb Haider  
Jan. 18 2012, 4:01 EST
Bulgaria Bans Chevron From Fracking For ...
By Carin Hall 
Jan. 18 2012, 10:49 EST
Norway Awards 60 New Oil Production Lice...
By Kjetil Malkenes Hovland 
Jan. 17 2012, 11:35 EST
Ukraine Says Won’t Sell Gas Pipelines To...
By Reuters 
Jan. 13 2012, 12:58 EST
CLOSE
MORE
Russia’s Sechin Proposes State Oil Field...
By Fox Business 
Feb. 7 2012, 10:34 EST
Fire At Moscow Nuclear Institute, Russia...
By Alexei Anishchuk 
Feb. 6 2012, 4:33 EST
Rosneft Gets License For Three Oil And G...
By Jake Rudnitsky 
Jan. 31 2012, 12:28 EST
Russia Unveils Ambitious Coal Industry P...
By Svetlana Kalmykova 
Jan. 25 2012, 5:23 EST
Russia Orders Oil Companies To Freeze Ga...
By Fox Business 
Jan. 23 2012, 1:40 EST
3rd Reactor Shut Down In Czech Republic
By Voice of Russia 
Jan. 23 2012, 12:06 EST
Miners Strike In Bulgaria Continues
By Sofia Echo 
Jan. 18 2012, 3:18 EST
Russia Concerned About Iran’s Uranium En...
By CBS News 
Jan. 10 2012, 2:38 EST
Putin Speaks Of Atomic Energy ‘Renaissan...
By Washington Post 
Dec. 12 2011, 3:46 EST
Russia Rejects Iran Oil Ban
By Daniel Fineren 
Dec. 7 2011, 12:15 EST
Floating Nuclear Power Station Helps Bal...
By RT 
Dec. 6 2011, 4:21 EST
Japan And Korea Cooking On Russian Gas
By RT 
Dec. 1 2011, 11:03 EST
CLOSE
MORE
India Increases Iran Oil Imports
By Benoit Faucon FAUCON 
Feb. 8 2012, 12:24 EST
Iraq-Turkey Oil Exports Resume After Bla...
By Times of Oman 
Feb. 7 2012, 10:38 EST
Iran To Start Early Production At Joint ...
By Tehran Times 
Feb. 6 2012, 12:05 EST
Iraq’s Oil Law May Be Pushed Till End Of...
By Kadhim Ajrash and Nayla Razzouk 
Feb. 3 2012, 2:18 EST
Iran Pipeline To Supply Gas By End Of 20...
By Kalbe Ali  
Feb. 1 2012, 1:00 EST
Explosion ‘Rocks Syrian Oil Pipeline’
By Eoin O’Cinneide 
Feb. 1 2012, 12:36 EST
US Lawmakers Take Next Step On New Iran ...
By CNBC 
Jan. 31 2012, 2:35 EST
BP To Start Jordan Gas Exploration Soon
By Mohammad Tayseer 
Jan. 30 2012, 5:20 EST
Abu Dhabi To Tap Nat Gas To Meet Fuel De...
By Steel Guru 
Jan. 27 2012, 4:48 EST
Iran Says It May Cut Off Its Oil Exports...
By Rick Gladstone and J. David Goodman  
Jan. 27 2012, 3:24 EST
Iran To Provide Ethanol Fuel Soon
By ISNA 
Jan. 26 2012, 4:00 EST
India Offers Pak Oil Pipeline
By Pawan Bali  
Jan. 26 2012, 1:10 EST
CLOSE
MORE
Pakistan, Qatar Reach Agreement For Impo...
By International Herald Tribune 
Feb. 7 2012, 11:17 EST
Chinese Move On Uranium Explorer
By NZ Herald 
Jan. 25 2012, 5:38 EST
Chinese Company Sinopec Ready To Boost L...
By Neil Wilson 
Jan. 23 2012, 12:46 EST
China’s Shenhua To Open Coal Mine In Aus...
By Reuters 
Jan. 19 2012, 1:43 EST
China To Retrieve More Natural Gas
By Zhou Yan  
Jan. 12 2012, 12:01 EST
Japan Asks Qatar To Ensure Stable LNG
By Mainichi News 
Jan. 10 2012, 12:41 EST
Indonesia To Begin Renegotiating With CN...
By Platts 
Jan. 9 2012, 12:38 EST
CNNC Unit Gets Regulatory Approval For I...
By Economic Times 
Jan. 6 2012, 1:30 EST
PetroChina Buys Full Stake In Oil Sands ...
By AP 
Jan. 4 2012, 11:46 EST
China Buys Russia, Vietnam Oil As Iran S...
By Florence Tan 
Jan. 3 2012, 4:38 EST
Cnooc, Sinopec Vie Over Fracking
By Dinny McMahon 
Dec. 15 2011, 3:54 EST
China Gas Rejects 2.2 Bln Sinopec/ENN Bi...
By Donny Kwok and Denny Thomas 
Dec. 14 2011, 4:04 EST
CLOSE
MORE
April Date Set For Restart Of First Nucl...
By China Post 
Feb. 8 2012, 12:49 EST
BHP To Produce More Shale Oil In U.S.
By James Paton 
Feb. 8 2012, 12:32 EST
North Korean Leader Kim Backs Natural-Ga...
By Henry Meyer 
Feb. 3 2012, 5:04 EST
Japan Protests China’s Possible East Chi...
By Mainichi Daily News 
Feb. 1 2012, 2:00 EST
Japan Finds Water Leaks At Stricken Nucl...
By Reuters 
Jan. 30 2012, 5:52 EST
Rio Tinto Denies Australian Coal Force M...
By Platts 
Jan. 30 2012, 5:45 EST
Asians Resist Notion Of Iran Oil Cuts
By RFERL 
Jan. 30 2012, 4:36 EST
Another Japanese Nuclear Reactor Suspend...
By Times Live 
Jan. 25 2012, 5:27 EST
IAEA Begins Review Of Japan’s Nuclear St...
By Reuters 
Jan. 23 2012, 12:03 EST
Edano: Japan Bracing For Nuclear-Free Su...
By Mitsuru Obe 
Jan. 19 2012, 11:42 EST
Petronas And Shell Sign Oil Recovery Dea...
By Today Online 
Jan. 18 2012, 3:26 EST
U.S. Presses South Korea To Reduce Oil
By Choe Sang-Hun 
Jan. 17 2012, 10:48 EST
CLOSE
MORE
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CLOSE
MORE
Trafigura In South Sudan Oil Row
By BBC News 
Feb. 8 2012, 12:59 EST
Nigerian Militants Claim Attack On Oil P...
By Emirates 247 
Feb. 6 2012, 12:17 EST
South Sudan, Kenya Sign Agreement To Bui...
By Jared Ferrie 
Jan. 25 2012, 3:56 EST
Explosion Rocks Chevron’s Oil Rig In Bay...
By Osa Okhomina 
Jan. 17 2012, 10:51 EST
Mozambique Protest Blocks Coal Train Lin...
By AFP 
Jan. 13 2012, 12:46 EST
Pengassan To Shut Gas, Oil Production On...
By Taiwo Ogunmola  
Jan. 13 2012, 12:22 EST
Nigeria Oil Union Threatens Oil And Gas ...
By Washington Post 
Jan. 12 2012, 10:58 EST
Shell Restarts Production At Bonga Oil F...
By Sarah Kent 
Jan. 5 2012, 3:05 EST
Violence Erupts In Nigeria Over Petrol P...
By Independent 
Jan. 4 2012, 12:27 EST
Nigeria Gas Price Protest Turns Violent
By CBS  
Jan. 3 2012, 4:49 EST
Shell Offshore Spill Affecting 115 Miles...
By Washington Post 
Dec. 22 2011, 11:46 EST
Petrobras To Expand Pre-Salt Oil Drillin...
By Rodrigo Orihuela 
Dec. 21 2011, 10:44 EST
CLOSE
MORE
Russia Says Bushehr Nuclear Powerplant C...
By Trend 
Feb. 8 2012, 12:40 EST
Russia Prepares Privatization Of Nuclear...
By PSKN 
Feb. 7 2012, 11:32 EST
TVA Looks Again At Watts Bar Schedule
By World Nuclear News 
Feb. 6 2012, 4:30 EST
Nuclear Approvals To Be Resumed At Slowe...
By Liu Yiyu 
Feb. 1 2012, 4:48 EST
Unusual Event At U.S. Nuclear Plant Not ...
By People Daily 
Jan. 31 2012, 2:29 EST
S. Korea President Lee To Visit Turkey
By CRI 
Jan. 30 2012, 5:49 EST
Indo-Pak Civil Nuclear Cooperation Possi...
By Daily Times 
Jan. 27 2012, 4:53 EST
Turkey, Iran Calls On Quick Resumption O...
By Xinhua News 
Jan. 20 2012, 5:39 EST
Italian Minister Says Reject Nuclear Pow...
By EurActiv 
Jan. 19 2012, 4:10 EST
Vietnam Joins World In Peaceful Use Of N...
By People Daily 
Jan. 18 2012, 3:43 EST
Russia Warns Attack On Iran Could Unleas...
By Washington Post 
Jan. 18 2012, 11:26 EST
Niger To Pursue Nuclear Plans Despite Fu...
By Reuters 
Jan. 17 2012, 11:25 EST
CLOSE
MORE
Volt Doesn’t Make ’12 Greenest Cars ...
Feb. 8 2012, 12:31 EST
[Read More]
Geoscientists Call for Honest Dialog...
Feb. 8 2012, 12:52 EST
[Read More]
N. American Natural Gas Market Set t...
Feb. 8 2012, 12:44 EST
[Read More]
Energy Industry Dollars Flow to Romn...
Feb. 8 2012, 12:33 EST
[Read More]
Peak Oil Scare Fades Wells Gush Crud...
Feb. 8 2012, 12:28 EST
[Read More]
BP Says It’s Ready for Oil Spill Law...
Feb. 8 2012, 12:18 EST
[Read More]
Noble Energy Finds More Gas in Israe...
Feb. 7 2012, 12:20 EST
[Read More]
US Gas Prices Hover at Record High L...
Feb. 7 2012, 12:08 EST
[Read More]
N. Gas Price Outlook Grows Ever Blea...
Feb. 7 2012, 11:59 EST
[Read More]
[ click here ]
FaceBook  |   Twitter
Home | Subscribe | Articles | Commentary | Stocks | Faq | About Us | Contact Us | Subscribers Only | RSS | All News
Advertise With Us