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His stream-of-consciousness argument about electricity prices is hilarious. He starts with the EIA estimates of costs of different generation sources, realizes that with those numbers the GEA mix is cheaper than what it replaces according, declares that "it is likely to be the case that the new estimate has been shaped by political pressures within the Obama administration" and therefore dismisses them, and then shops around for a prediction more in keeping with his desired conclusion. He picks a 2009 study that predicted that feed-in tariffs would significantly increase in the next few years, when in fact we know 5 years later that they decreased quite sharply. Quite apart from the fact that to get the savings of that 2009 doomsday report we would have to unbuild all the renewable power at no cost and re-commission the coal plants also without cost. He takes the dollar increase prediction from the right-wing think-tank predicting a high increase in prices from green energy, divides it by the predicted total bill from Environmental Defence, which predicts a small increase, to calculate a percentage increase. As this post noted, it seems quite clear that Zycher has taken a list of single-variable regressions and strung them together, including the correlation between energy production and employment. So it seems that a large generation surplus would be just what the doctor ordered to create jobs! "An increase in primary energy production of 1000 cubic meters-equivalent is predicted to increase employment by about 1381 jobs."
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May 30, 2014