CaptUSA
Member
- Joined
- May 17, 2011
- Messages
- 18,922
I support true Free Markets.
So, that's more than a buzzword. RFK uses that as a buzzword, but then says that government needs to create a free market in energy by building the platform for it to exist (I'm not going thru the 2+ hours again to find the references, but he was talking about how the government stood up the internet and some other technology... He was pretty clear)
But the "platform" that RFK is talking about is a whole new electric grid that allows for and reacts to 2-way power flow. It is possible. But it's CRAZY expensive. And the margins that an individual distributed generator could make would be so low that they'd never be able to pay off the investment. In many states, there are net-metering provisions, but there are HUGE interconnection costs that are not borne by the generator. They are paid for by everybody else. This is why Alex (who has done his research) talks about the places where this has been tried ends up with higher energy costs; not lower.
You really do get economies of scale in generation. And distributed generation, while great for personal use, adds enormous costs when interconnected to the grid. RFK doesn't want those generators to bear that cost. So a true free market??? Nope.
Sorry, RFK is too far out over his skis on energy issues. He doesn't know what he's talking about and that's why he's all flustered. Listen, I know you want to like the guy, but you don't have to support everything he says. Epstein is the truer market voice in that conversation, by far.
Fossil fuels are the captured solar energy of millennia of organisms that we can release by burning. That will always be a more market efficient means of energy than trying to capture the wind or sun in real time. Nuclear energy, of course, being the MOST efficient.