By Mish Shedlock of MishTalk
Surprise, surprise. Subsidies were not enough to make Biden’s energy projects profitable.
The Coming Green Energy Bailout
Taxpayers will soon be on the hook for The Coming Green Energy Bailout
The speed at which these projects blew up seems stunning. But it really isn’t.
EVs, solar, and wind projects don’t scale. Heck, they don’t scale even with subsidies. I have been saying this for months.
Needed minerals and and skilled labor are in short supply. The US is still dependent on China and other foreign countries for materials.
Biden has escalated trade wars with China, but China hasn’t even retaliated much yet. It can with rare earth elements.
Everything Biden does leads to more inflation.
Electric Vehicles for Everyone?
On July 19, I asked Electric Vehicles for Everyone? If the Dream Was Met, Would it Help the Environment?
My follow-up post was What Do MishTalk Readers Think About “Electric Vehicles for Everyone?”
Math Does Not Add Up
The EV math does not add up in the EU or here. But here we go anyway.
The Shocking Truth About Biden’s Proposed Energy Fuel Standards
In case you missed it, please consider The Shocking Truth About Biden’s Proposed Energy Fuel Standards
The National Highway Traffic Safety Administration NHTSA did an impact assessment of 4 fuel standard proposals and compared them to the cost of doing nothing. Guess what.
The NHTSA conclude: “Net benefits [of stricter mile standards] for passenger cars remain negative across alternatives” vs doing nothing at all.