Ridgewood NJ, maximizing power output to make windmills more efficient and more profitable has plagued mankind since the age of Don Quixote. The expression ’tilting at windmills’ derives from Cervantes’ DonQuixote – first published in 1604, under the title The Ingenious Knight of La Mancha. The novel recounts the exploits of would-be knight ‘DonQuixote’ and his loyal servant Sancho Panza who propose to fight injustice through chivalry. The symbolism for Don Quixote battle with windmills is not over looked by modern technologists.
Atlantic City NJ, New Jersey ranks 7th amongst Atlantic coastal states for its technical potential for total offshore wind power but first in the states for current projects in the pipeline, according to a new report released today by Environment New Jersey Research & Policy Center and Frontier Group. The report, Offshore Wind for America, examines U.S. offshore wind potential by both coastal region and by state, while documenting the status of existing projects and technological advances. New Jersey could provide 379% of its 2019 electrical needs and 167% of its 2050 electrical usage with offshore wind alone, according to an analysis using National Renewable Energy Laboratory data. For projections of 2050 electricity demand, the report assumes that U.S. buildings, industry and transportation will all be powered by electricity rather than fossil fuels by mid-century.
It is unfortunate that so many Republicans, conservatives lawmakers, and pundits conflate being pro-market with being pro-business. These are two separate things. Unfortunately, this confusion has produced thousands of government handouts and privileges to companies in the name of being pro-business — and these companies have developed a sense of entitlement. Worst of all, for many of them, government-granted privileges are an inherent part of their business models.
The latest example of this has to do with the nomination by President Trump of former Representative Scott Garrett to become the new president of the crony Export-Import Bank. The institution has been pretty much zombified since 2015 thanks to a few Republicans in Congress who actually believe in the free-market and despise government subsidies (no matter what form they take) to big businesses. As a reminder, during the heyday of the Ex-Im Bank, ten massive domestic companies benefited from 65 percent of the agency’s activities, which subsidized loans to equally massive and often state-owned foreign companies. Also, while the bank also subsidizes billion of dollars in loans to companies in countries that President Trump claims are hurting us on trade, such as China and Mexico, Trump has reversed his position on Ex-Im and wants it up and running and sponsoring large firms again. Go figure. The silver lining is that while the bank will be back in business, at least the man he has nominated understands full well the many problems with the institution — including fraud, abuse, and mismanagement. Scott Garrett was a staunch opponent of the Ex-Im Bank and he is exactly the kind of guy you want there
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