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Category Archives: GREEN ENERGY

BIDEN ADMINISTRATION SHAFTS SENIORS: DIVERTS BILLIONS FROM MEDICARE TO ELECTRIC VEHICLES

Green Energy

Why Is Joe Biden Screwing Seniors To Subsidize Electric Vehicles?

The Biden administration is more interested in pet projects, unsustainable green schemes, and ideological revenue redistribution than in the core functions of government.

The Biden administration is so obsessed with making electric vehicles (EVs) work as part of its green agenda that it’s taking money away from seniors — namely, drug savings under Medicare. Unsurprisingly, it has also failed to advertise that fact.

The news of EV and green energy subsidies flew under the radar until a poll conducted in Arizona alerted voters there to the scheme. Fully three-quarters of Arizona voters polled (76 percent) said they didn’t know the Biden administration diverted money from Medicare “savings” to subsidize green projects, and by an 80-10 margin, respondents strongly opposed such a tactic.

The information came from a report by Americans for Tax Reform (ATR), which

shows the inaccurately named Inflation Reduction Act of 2022 diverted some $280 billion from Medicare’s prescription drug provisions to green tax credits and other leftist climate initiatives — instead of lowering prescription drug costs for seniors. The ATR report reveals the so-called Inflation Reduction Act as nothing more than a pork-laden payoff to cronies and an effort by the Biden administration to implement the Green New Deal.

EVs have had a rotten track record in recent years. Example after example shows what a terrible investment they are. In Florida, EVs caught fire in the aftermath of flooding from Hurricane Ian in 2022. Several EVs burst into flames and then reignited later. This year, a Tesla lost control and rolled down a boat ramp into the intercoastal waterway — the fire department reportedly had no choice but to let it burn itself out underwater. Fire departments are fully unprepared to deal with the types of fires caused by the interaction of rare-earth elements in EV batteries and exposure to water.

More to the point, EVs also represent a terrible fiscal commitment. One report indicates electric vehicles depreciate in value by roughly 50 percent over the first five years of their lives, significantly more than standard vehicles. This stands to reason, as the batteries are prohibitively expensive to replace and owners can expect to spend more on repairs to EVs than standard gasoline-powered vehicles. That helps to explain why they’re more difficult and more expensive to insure as well.

EVs don’t save the average consumer on refueling costs, either. The equivalent price of “refueling” an EV works out to approximately $17 per “gallon” in a comparable internal combustion engine vehicle. That cost includes tax credits, rebates, subsidies to vehicle manufacturers, and regulations and mandates by various agencies.

EV owners experience the real sensation of “range anxiety,” in which the limited range of a battery charge, combined with a lack of charging station infrastructure outside of major metropolitan areas, leads drivers to wonder if they’ll get stranded somewhere with a dead car. Perhaps this explains why EVs have sat unsold by the thousands at car lots across the nation — not that you’d know it from listening to the corporate media. Holiday commercials continue to encourage viewers to buy that special someone a luxury electric SUV for Christmas, despite increasing reports of malfunctions, expensive repairs, deep ties to the Chinese Communist Party (CCP), and a thorough lack of consumer enthusiasm for these expensive new products.

The massive subsidies the Biden administration pays to the green energy industry overall seem to go into a giant rat hole, which makes using the Medicare drug savings to pay for them all the more insulting. For instance, one California-based luxury EV manufacturer, Lucid, loses $430,000 on each vehicle it sells. Ford also loses thousands on every EV it sells.

Despite all the problems, the Biden administration continues to subsidize the manufacture and sale of EVs to advance its decarbonization and net-zero goals. Green subsidies are far from trivial, with renewable energy receiving about three and a half times as much as the “fossil fuel” industry.

But the Biden administration is more interested in pet projects, unsustainable green schemes, and ideological revenue redistribution than in the core functions of government — and seniors hoping for relief on drug prices get screwed once again.

Jeff is an experienced communications professional who

This entry was posted in Electric Cars. EV's, Government, GREEN ENERGY and tagged FORD, LOSING MONEY ON EV's on December 21, 2023 by sterlingcooper.

EDIBLE OIL FROM SAWDUST!!!!

Why this startup is creating edible oil from sawdust

ÄIO’s fermentation process creates healthy, sustainable oils and fats by upcycling low-value industry organics.

Palm oil production hurts the environment and biodiversity, but it’s difficult to replace due to its remarkable productivity.

The Estonian startup ÄIO has developed a process to make fatty oils with yeast that thrive on sawdust.
Its founders hope the technology will replace palm oil and promote local economies to be more circular and sustainable.

Just because something is natural doesn’t necessarily make it sustainable. Consider palm oil. The product was widely adopted in the 20th century to replace purportedly less healthy oils and fats in foods. Odorless, semi-solid at room temperature, resistant to oxidation, and — most importantly — cheap, it’s now found in almost everything.

In fact, the World Wildlife Fund estimates that 50% of all packaged products contain palm oil. It’s in chocolate, pizza dough, and margarine. It’s also in cosmetics like lipstick, and personal care products, such as deodorant, shampoo, and toothpaste. We use it in cleaning products, in pet foods, and as a biofuel. The list goes on.

To meet the soaring demand, businesses around the world but especially in Southeast Asia are clearing tracts of rainforest to make room for palm oil plantations. The loss of such biodiverse habitat not only threatens close to 200 species, including the orangutan, it also throws millions of tonnes of greenhouse gasses into the atmosphere (to say nothing of the industry’s well-documented worker exploitation).

Unfortunately, boycotting the product may not be a realistic option either, as the readily available substitutes may prove environmentally worse.

That’s because palm trees are remarkably productive. They create 2.94 tonnes of oil per hectare of land, far outpacing other vegetable oils. Sunflowers produce just 0.74 tonnes of oil per hectare, soybeans 0.46 tonnes, and coconuts a meager 0.23 tonnes. To maintain the current supply with these alternatives — to say nothing of increasing demand — would require dedicating vastly more total land to oil production.*

Rather than growing existing alternatives, it may prove more efficient to invent a new one. Estonian biotechnology startup ÄIO is doing just that.

A whole different yeast

ÄIO was founded in 2022 by Petri-Jaan Lahtvee and Nemailla Bonturi, a professor and senior researcher of food technology and bioengineering at Tallinn University of Technology, respectively. The two were initially part of a research group led by Lahtvee looking into biotechnology processes that relied on locally available resources.

After a year and a half of building and studying various processes, one stood out as special: a yeast created by Bonturi.

Conventional yeast are microorganisms that consume raw sugars from organic sources like corn, barley, or fruit. Through metabolism, they then convert sugars into various end products known as metabolites. And these are key to many of our favorite foods.

For example, baker’s yeast releases CO2 as a metabolite, and this is why bread rises. In beer brewing, yeast metabolizes sugars into CO2 and alcohol (more specifically, ethanol) during the fermentation stage.

Bonturi’s yeast works similarly; however, hers evolved to be robust and productive with raw materials far more challenging than corn. Her microorganisms can consume the sugar found in even sawdust and metabolize it into lipids chockablock in antioxidants and omega-3 — the building blocks of the animal fats and plant oils we eat every day.

This unorthodox yeast was nicknamed “the red bug” after the ruddy pigmentation of the resulting biomass. (Though Bonturi admits, the moniker is also a nod to her three favorite “Red Queens” — the character from Through the Looking Glass, the AI from the Resident Evil series, and the Red Queen hypothesis in evolutionary biology.)

“This microorganism was ‘architected’ by cultivating it through different selective pressures and letting nature do the work,” Bonturi said in an exclusive interview with Freethink.

She and Lahtvee then developed a fermentation process, one similar to brewing beer. They mix the red bug in large, stainless steel tanks with the sugars from sawdust or other upcycled organic sources. They add some heat to activate the yeast and let the microorganisms do their thing. Once fermentation is complete, they harvest and treat the lipid-rich biomass to create food-grade oil- and fat-alternative products.

ÄIO is currently focusing on three bespoke products. Its RedOil could be used as an alternative to vegetable and fish oils, or serve as a substitute for synthetic ingredients in cosmetics and lubricants in household cleaners. The company produces a powdered form for easy transportation and a “buttery fat” to replace lards and shortenings, as well.

“Our main goal is to replace palm oil,” Lahtvee said in the interview. “At the same time, we are working with precision fermentation of specialty lipids so that we can provide the chemical and physical properties that a customer needs, such as a specific melting temperature or taste profile.”

Think globally, act locally

ÄIO’s biomanufactured approach has several potential advantages over palm oil. For one, its powdered form can travel without risk of leaks, spillage, and loss. It can then be reconstituted on-site and emulsified to provide the consistency required for whatever product it is used in.

The yeast can upcycle “side streams” from many different industries, too. Side streams are the unwanted, low-value byproducts of industrial activities — think sawdust from lumber or weeds from agriculture. While ÄIO has focused mainly on sawdust, its versatility means the fermentation process can be implemented locally anywhere a compatible side stream is available.

Our technology contributes to the circular economy because it allows us to upcycle low-value products.

Petri-Jaan Lahtvee

“Our technology really contributes to the circular economy because it allows us to upcycle low-value products,” Lahtvee said. “It’s important to ensure food security, as well. Because our processes don’t rely on long supply chains, and you don’t have to transport specific goods to certain places, they can be locally produced.”

Finally, there’s the advantage of speed. It takes time to clear a dense rainforest, build a plantation, grow the palm trees, harvest the palm fruit, and then process it. The same can be said for raising animals for butter and lard. Conversely, microorganisms like yeast live on a far speedier time scale. This means ÄIO’s fermentation process has the potential to produce fats and oils far quicker once production is at scale.

All told, if RedOil replaced palm oil, Lahtvee and Bonturi estimate that their technology has the potential to “reduce land use by 74–97% and cut water consumption by up to 10 times,” as well as significantly curb greenhouse gas emissions.

Food for thought

ÄIO is currently testing its products in the food industry — where two-thirds of all the palm oil produced is currently used. The company is specifically targeting plant-based meat alternatives, where their oils and fats have the potential to deliver the same taste and mouthfeel as animal fats, something that vegetable oils don’t imitate well. It is also fundraising and fostering new partnerships.

To scale production, Lahtvee and Bonturi have constructed a small plant. The plant will begin producing 20 kilograms of fats and oils a week by the first quarter of 2024. This will hopefully demonstrate that the process is robust enough for industry-like conditions. Looking ahead, Lahtvee and Bonturi are in the pre-engineering phase for a demo plant, which would increase production to more than 750 tonnes a year. They hope the plant will be operational by 2026.

As always with a young company, challenges lie ahead. As Bonturi pointed out in our interview, new variables might arise when scaling up, and they’re working to prepare for them as best they can.

The company is in the process of applying for a novel food permit with the European Union. EU regulation defines any food “that had not been consumed to a significant degree by humans in the EU” before May 1997 as novel — anything from a biomanufactured enzyme to chia seeds.

This entry was posted in GREEN ENERGY, Uncategorized on December 11, 2023 by sterlingcooper.

GREEN ENERGY SUBSIDIES-WASTE OF MONEY AND RAISE COSTS FOR CONSUMERS

Crippling Economic Costs of Green Energy Subsidies TOTAL WASTE OF MONEY!

The green energy subsidies in the Inflation Reduction Act (IRA) have been justified by the Biden Administration as a booster of U.S. economic growth and jobs. But when the subsidies are tallied and the overall impacts evaluated, the IRA is a job and economic growth killer.

Under the IRA, the lion’s share of subsidies will be paid to wind and solar developers. The subsidies will not expire until electric industry carbon emissions fall by at least 75% below 2005 levels, after which they will gradually decrease. Even the most optimistic forecasts prepared by the U.S. Energy Information Administration (EIA) show that this will not occur until at least 2046. Thus, the subsidies for wind and solar will continue unabated for decades. In total, the subsidies will far exceed what the U.S. government spent in today’s dollars to combat the Great Depression.

The single largest subsidy is the federal investment tax credit (ITC). Most wind and solar projects will be able to claim a minimum 30% ITC, plus be eligible for an additional 10% credit if the projects rely on domestic manufacturing for components.

The EIA’s optimistic forecast projects about 900,000 megawatts (MW) of solar photovoltaics, 350,000 MW of onshore wind turbines, and 24,000 MW of offshore wind by 2046. If all of this generation is built, it will result in direct ITC subsidies totaling between $500 billion and $1 trillion, depending on construction costs. The greater the costs, the larger the subsidies. Although wind and solar proponents still claim costs are falling, the reality is the opposite. Offshore wind developers, especially, are clamoring to renegotiate contracts they signed previously, including guaranteed price adjustments for increasing costs, and relaxing the domestic content requirement so they can claim the additional 10% ITC.

Despite spiraling deficits – almost $2 trillion in the fiscal year that ended this past October – green energy subsidies will be financed with still more government debt. With the increase in interest rates to normal levels, financing costs will soar, adding an estimated $500 to $800 billion to the bill costs, almost as much as the subsidies themselves.

The envisioned spending and subsidies for green energy, several hundred billion dollars annually just for wind and solar generation, will distort energy markets. First, they will crowd out more productive private investment in the energy sector and reduce the resources available for more efficient forms of generation, especially small modular reactors. Second, as the deficit increases further, higher interest rates will crowd out private investment in more productive private sectors of the economy.

Along with the Administration’s push to “electrify” the economy, such as higher vehicle mileage standards that act as a de facto mandate for electric vehicles and proposed bans on natural gas appliances, the result, as has been experienced in Europe, will be soaring electricity prices. Those higher prices will reduce economic growth and employment, far more so than the green energy investments can boost it. Although the subsidies will benefit wind and solar developers, but the overall economic impacts for the country will be crippling.

One gauge of the adverse economic impacts of green subsidies is the cost to taxpayers to create the promised thousands of green energy jobs, especially for offshore wind. Using offshore wind developers’ claimed employment impacts, the average subsidy for each green job created will be over $2 million per year. Forcing taxpayers to pay millions of dollars each year for each job created, while claiming that doing so will bolster the U.S. economy, is Alice in Wonderland economics.

Politicians who promote green energy and their own short-term self-interests may prefer to ignore basic economic realities, but those economic realities will have their revenge. Eventually, the profligate spending on low-value green energy will collapse under its economic weight, having inflicted much socioeconomic damage.

Sadly, this is not an experiment that the U.S. needs to undertake; European experience and basic economics tell us all we need to know. The costs of keeping homes supplied with energy have increased significantly for homeowners wherever this ill-fated experiment was tried. But as the lyrics from the old song begin, “fools rush in …”

Is there anything the government does well to truly help its citizens? NO.

This entry was posted in GREEN ENERGY on December 10, 2023 by sterlingcooper.

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