Sending DOW futures up 200 points

on this?!?

It was 2am 1/1/13 when this passed.

No. Excuse.

Income tax rates will only rise on those making over $400K (liberals wanted $250K, GOP wanted no taxes to rise). Spending cuts will be delayed for 2 months to give the sides more time to address them.

These are included in the 2am Special, so won’t be addressed in 2 months or 2 years.

It’s called ‘‘American Taxpayer Relief Act of 2012’’ RTWT, if you can stand it.
*sigh*

These @$$#0(3$ can’t manage to say no to any lobby nor opportunity for social engineering.

See Title !V — Energy Tax Extenders

Extension of credit for:
energy-efficient existing homes.
alternative fuel vehicle refueling property.
2- or 3-wheeled plug-in electric vehicles.
cellulosic biofuel producer credit
incentives for biodiesel and renewable diesel.
production credit for Indian coal facilities placed in service before 2009.
credits with respect to facilities producing energy from certain renewable resources.
credit for energy-efficient new homes.
credit for energy-efficient appliances.
special allowance for cellulosic biofuelplant property.
alternative fuels excise tax credits.

“cellulosic” Swell.

Like this.

Finish your assignment! »

Construction cranes rise like storks 40 stories above the Mojave Desert. In their midst, the “power tower” emerges, wrapped in scaffolding and looking like a multistage rocket.

…looming berms of sand and a chain mail of fencing that will enclose more than 3,500 acres of public land. Moorings for 173,500 mirrors — each the size of a garage door — are spiked into the desert floor. Before the end of the [2012], they will become six square miles of gleaming reflectors, sweeping from Interstate 15 to the Clark Mountains along California’s eastern border.

That’s six square miles of dead desert floor.

Industrial-scale solar development is well underway in California, Nevada, Arizona, New Mexico, Colorado and Utah. The federal government has furnished more public property to this cause than it has for oil and gas exploration over the last decade — 21 million acres, more than the area of Los Angeles, Riverside and San Bernardino counties put together.

…$2-billion plant …3,500 acres of public land …capable of generating 370 megawatts, enough to power roughly 140,000 homes during peak hours.

Even if only a few of the proposed projects are built, hundreds of square miles of wild land will be scraped clear. Several thousand miles of power transmission corridors will be created.

The desert will be scarred well beyond a human life span, and no amount of mitigation will repair it, according to scores of federal and state environmental reviews.

…Schwarzenegger freed large solar plants from property tax and handed out $90 million in exemptions from sales and use taxes. Under Gov. Jerry Brown, the state invested more than $70 million in clean energy research last year, funded by a ratepayer surcharge.

…BrightSource’s Ivanpah facility is expected to employ … 86 full-time maintenance and facility workers once it is up and running

140,000 homes … 3,500 acres …$2-billion …86 JOBS

The Department of Defense also has raised questions. The Pentagon has the China Lake weapons testing facility, Ft. Irwin, Edwards Air Force Base, Twentynine Palms Marine base and the Chocolate Mountain Naval Aerial Gunnery Range.

The military, whose pilots often trace the contours of the desert floor from 200 feet, is concerned about maneuvering around 460-foot solar towers. The Marines have asked the companies for more information about the glare produced by a vast carpet of solar reflectors.

The Federal Aviation Administration has voiced concerns about the heat plume rising from the Ivanpah towers and about the installation’s possible radar interference.

Unintended consequences.

“These are big businesses chasing federal dollars — they don’t care if they fail. They got what they want.”

They’re “”gentle mowing” the desert plants so they will fit under the mirrors — where they will get no sunlight and die. They are catching desert tortoises and putting them in pens “pending relocation.” [remember how that worked out for the "No Otter Zone"?] And they’re creating another fake land boom.

Desolate acreage that a few years ago might have sold for less than $500 an acre can now fetch as much as $20,000 an acre, according to land brokers in the region. Farmers are also getting in on the action. Alfalfa and cotton fields are being converted to solar and wind farms as the industry’s big players put together mega-deals.

…Less than 17% of the Mojave’s 20 million acres is private property.

…some developers prefer private property, even at high prices, because public land carries a thick sediment of bureaucracy: a snarl of federal and state environmental laws that requires time-consuming and expensive analysis before the first shovel of dirt is turned.

…The Ivanpah Solar Project, for example, requires … 7,000 acres to replace habitat for the threatened desert tortoise.

This ought work out well…

14 Comments!

  1. PeggyU
    Posted January 2, 2013 at 9:55 am |

    Wait … production credit for Indian coal facilities placed in service before 2009? WTF?

    Coal = evil, if you are a greentard. Is Indian coal environmentally correct?

  2. PeggyU
    Posted January 2, 2013 at 10:06 am |

    …The Ivanpah Solar Project, for example, requires … 7,000 acres to replace habitat for the threatened desert tortoise.

    That’s where offsite mitigation comes in. They can purchase indulgences through the natural resources marketplace, thus forcing another piece of land into permanent quarantine to make up for their damage.

  3. geezerette
    Posted January 2, 2013 at 10:37 am |

    I’m wondering how many years it will take to get this country back. I’m thinkin’ it could be a very long time and I will be putting my depends on my head and trying to put my feet in my hat by then. I’m thinkin’ better to be the uniformed voter. What you don’t know won’t hurt you.

  4. dick, not quite dead white guy
    Posted January 2, 2013 at 3:10 pm |

    I wonder how many birds that giant mirror clusterfuck will fry and disorient. Will they call it “gentle crash landing killing”?
    370 mW. Big fucking deal. FWIW, current nuke power plants put out 1100-1500 mW 24/7, and the coal-fired Ratcliffe-on-Soar Power Station in the UK has a rated capacity of 2,000 mW.
    Our miracle mirrors only generate in the daytime when the sun is shining. How about nights and overcast days? Well, the recipients will just have to sweat in their green houses in the desert on those occasions.
    What will the amortized cost per kWh be? No credit for feeling smugly green either, please.
    I smell another Solyndra cash out for some executives.

  5. rickn8or
    Posted January 2, 2013 at 3:27 pm |

    You left out the Wind-Power subsidies…

  6. mech
    Posted January 2, 2013 at 5:52 pm |

    some days it’s just not worth gnawing through the restraints. . .

  7. Posted January 2, 2013 at 7:00 pm |

    Hey! Wind energy works!

  8. Claire
    Posted January 2, 2013 at 8:36 pm |

    Wait… Feather or dot?

  9. Lord of the Fleas
    Posted January 2, 2013 at 8:52 pm |

    “cellulosic”

    Damn. If that had been “cellulite”. Hillary would be looking at billions …..

  10. Posted January 2, 2013 at 9:32 pm |

    I think I just threw-up a little bit in my mouth. Or maybe it was somebody else’s mouth. You can’t really ‘dust’ for vomit.

  11. rickn8or
    Posted January 2, 2013 at 10:48 pm |

  12. PeggyU
    Posted January 3, 2013 at 1:34 am |

    ^ NEVER wear white to a shitstorm.

  13. Posted January 3, 2013 at 8:49 am |

    ^ Or after Labor Day!

  14. JackT
    Posted January 3, 2013 at 7:31 pm |

    But don’t you dare drill for oil in a much smaller area of Alaska. That would bad for the environment.