D
U.S. says it will cut costs for clean energy projects on public lands
- Thread starter Wildabeest
- Start date
TwistedSage
Well-known member
So the debt transfer of an unsecured asset cannot be turned around into surplus funding. DamnitThis isn't how that math works lol
Only the morons in congress would try to recharacterize an unrecoverable liability as an asset
noharleyyet
Well-known member
If you're buying watermelons for 3 bucks and selling em for 2....the fix is simple.
Buy a bigger truck...
"It's the double down stupid."
Buy a bigger truck...
"It's the double down stupid."
TN_Rifle_Junkie
Well-known member
Did your account get hacked?
BigHornRam
Well-known member
Looks like a first generation unicorn fart machine!
DouglasR
Well-known member
All work and no play makes Dougs a dull boy...
#firstworldprobs
Irrelevant
Well-known member
Kind of cool site to poke around on.
D
Deleted member 28227
Guest
I tried to model some of it out as I was thinking about what's just political bs and what's real, and therefore what I acutally thought was a good idea.
My math for total value of loans and cost of forgiveness is kindergarderish and basically matches what the Rs and Ds are saying... which is terrifying.
The reality is there are tons of payment plans which reduce the "value" of the loans, by capping total payments based on income levels. Greater than 30% of borrowers are on a plan that pays less than the standard. I took a WAG at what that might look like. Further I'd guess 10% of borrowers with tons of loans are going for PSLF (nurses/MDs/laywers etc) and hoping to get 30% or so of their loans forgiven. Then there are something like 15% of borrowers who just won't ever pay anything back and are just a write off, then there is the group that's just hanging around to see what happens and then will refinance privately and the gov loses that interest it's banking on.
This isn't meant to be inclusive, but basically you can cut 600B off the value of loans with just a little bit of poking around in how shit works.
Add to that the fact that because there are so many borrowers, and so many complicated plans it currently costs 1.7% of principle to administer the program a year... so like 23B or something crazy.
I think the correct way to look at forgiveness is, "is it solving a problem". For instance is it going to lower admin costs, is targeted towards the default holders who are a net liability anyway?
I don't have an answer, I think the approach is ham-fisted at best, I think creating yet another complex payment plan is ridiculous though par for the course.
So... Biden on student loans C-... but Obama was an F in my book and the Republicans don't even get a grade because they didn't even turn in assignment.
Thanks for coming to my Ted talk.
Last edited by a moderator:
Irrelevant
Well-known member
TL;DR... but I like it!
BigHornRam
Well-known member
Montana and Northwestern Energy are coming to grips with the fact that wind and solar are expensive and unreliable.
NorthWestern Energy to Provide Power from Colstrip to Montana
KGVO News spoke to NorthWestern Energy Public Relations Officer JoDee Black on Tuesday about the transaction that will take place three years from now.
newstalkkgvo.com
Keep on
Well-known member
- Joined
- Nov 9, 2021
- Messages
- 1,434
Lots of folks on here and in the US get confused on green energy and don't realize every megawatt of green energy is not a replacement MW, but an additional MW. Nothing cheap about it even with all the government backing and incentives.
BigHornRam
Well-known member
"If a new plant capable of this type of on-demand 24/7 generation were to be built, it would cost up to $500 million,” she said. “We're acquiring this existing plant that already is running located in Montana on our Montana grid for no purchase price.”
Asked about the potential positive impact on Montana energy consumers once the Colstrip Units 3 and 4 will be available to send power to Montana, Black provided these numbers.
With Colstrip 3 and 4 the Benefits will be Between $25 and $45 Million a year
Sounds like a good deal for Northwestern Energy customers of which I am.
Asked about the potential positive impact on Montana energy consumers once the Colstrip Units 3 and 4 will be available to send power to Montana, Black provided these numbers.
With Colstrip 3 and 4 the Benefits will be Between $25 and $45 Million a year
Sounds like a good deal for Northwestern Energy customers of which I am.
Keep on
Well-known member
- Joined
- Nov 9, 2021
- Messages
- 1,434
Also good news for the town of Colstrip. It had been a little shaky about what was going to happen with units 3 & 4. Sounds like they are good for a while longer now.
BigHornRam
Well-known member
Irrelevant
Well-known member
Save public lands: Put solar on Walmart!
Parking lots and big-box store roofs could generate oodles of clean power.
www.hcn.org
Mallardsx2
Well-known member
- Joined
- Apr 4, 2015
- Messages
- 2,722
Tell me again how the Republicans want to destroy the public lands with oil and gas (most of which is underground) lol
TheDudeAbides
Well-known member
Which is a dumb idea when you look at the solar map in all areas other than the SW US
Also is dumb when you consider the wind map, because a lot of the best places are in states with less public land
TheDudeAbides
Well-known member
The other thing with Green Energy is they require minerals, which opens more area to mining.
In addition, we will need materials from other countries as well.
China is a huge player in rare earth minerals and the processing of mined ores, but China's population is going to cut in half by 2100 (One child policy genius) and they hate us.
Democratic Republic of the Congo is where the Cobalt is from and they had an attempted Coup D'etat in 2022 and is not the most stable country and is a logistical nightmare.
We might as well add Chile as the 51st state given the amount of Copper we will need them to produce.
Australia is where the Lithium has to come from and we may have to fight off Europe for the rights.
Indonesia is the largest nickel producer and has a ton of work to do internally as far as infrastructure goes.
The wars for oil are over, the battle for minerals has begun.
40% more copper
60-70% more nickel and cobalt
90% more lithium
www.iea.org
The idea that we can accomplish this feat given the geopolitics and logistics issues, would be one of the best achievements in human history.
Especially, when you add in the fact that we are approaching a food and fertilizer shortage (potentially massive global famine) thanks to Russia deciding Ukraine should not be an independent country.
Hang onto your butts, this world is about to get much worse.
In addition, we will need materials from other countries as well.
China is a huge player in rare earth minerals and the processing of mined ores, but China's population is going to cut in half by 2100 (One child policy genius) and they hate us.
Democratic Republic of the Congo is where the Cobalt is from and they had an attempted Coup D'etat in 2022 and is not the most stable country and is a logistical nightmare.
We might as well add Chile as the 51st state given the amount of Copper we will need them to produce.
Australia is where the Lithium has to come from and we may have to fight off Europe for the rights.
Indonesia is the largest nickel producer and has a ton of work to do internally as far as infrastructure goes.
The wars for oil are over, the battle for minerals has begun.
40% more copper
60-70% more nickel and cobalt
90% more lithium
Executive summary – The Role of Critical Minerals in Clean Energy Transitions – Analysis - IEA
The Role of Critical Minerals in Clean Energy Transitions - Analysis and key findings. A report by the International Energy Agency.
www.iea.org
The idea that we can accomplish this feat given the geopolitics and logistics issues, would be one of the best achievements in human history.
Especially, when you add in the fact that we are approaching a food and fertilizer shortage (potentially massive global famine) thanks to Russia deciding Ukraine should not be an independent country.
War in Ukraine and its Effect on Fertilizer Exports to Brazil and the U.S. - farmdoc daily
Joana Colussi, Gary Schnitkey, and Carl Zulauf - Joana Colussi -
farmdocdaily.illinois.edu
Hang onto your butts, this world is about to get much worse.
"Not in my backyard" will be the silent commentary from our "conservation", public land solar/wind turbine preaching, electric vehicle HT vocal winners as they protest mining in Montana. 
www.hcn.org
"The glaring irony there in all this is, we all love our green technologies and we want to reduce pollution and carbon footprints, etc.,” said Jeff Williams, CEO of U.S. Critical Materials. “But the materials required to make that happen have to come out of the ground."
Rather, out of sight, out of mind works... Child labor in foreign countries feels better when pressing the green energy pedal to the metal.
The EV mining rush could come to Montana’s mountains - High Country News
A company announced it found the country’s highest-grade rare earth deposit in Montana.
www.hcn.org
"The glaring irony there in all this is, we all love our green technologies and we want to reduce pollution and carbon footprints, etc.,” said Jeff Williams, CEO of U.S. Critical Materials. “But the materials required to make that happen have to come out of the ground."
Rather, out of sight, out of mind works... Child labor in foreign countries feels better when pressing the green energy pedal to the metal.
Similar threads
