Published on 11 Aug 2016
Italy’s war in the alps wasn’t very successful so far but this week they took Gorizia, a major triumph for the Duke of Aosta and Italian Chief of Staff Luigi Cadorna.
August 12, 2016
Italy Breaks Through – Cadorna’s Triumph I THE GREAT WAR Week 107
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Good news! Electricity in Ontario is cheaper to produce than ever before!
The bad news? It’s more expensive to consume than ever before, thanks to the way the Ontario government has manipulated the market:
You may be surprised to learn that electricity is now cheaper to generate in Ontario than it has been for decades. The wholesale price, called the Hourly Ontario Electricity Price or HOEP, used to bounce around between five and eight cents per kilowatt hour (kWh), but over the last decade, thanks in large part to the shale gas revolution, it has trended down to below three cents, and on a typical day is now as low as two cents per kWh. Good news, right?
It would be, except that this is Ontario. A hidden tax on Ontario’s electricity has pushed the actual purchase price in the opposite direction, to the highest it’s ever been. The tax, called the Global Adjustment (GA), is levied on electricity purchases to cover a massive provincial slush fund for green energy, conservation programs, nuclear plant repairs and other central planning boondoggles. As these spending commitments soar, so does the GA.
In the latter part of the last decade when the HOEP was around five cents per kWh and the government had not yet begun tinkering, the GA was negligible, so it hardly affected the price. In 2009, when the Green Energy Act kicked in with massive revenue guarantees for wind and solar generators, the GA jumped to about 3.5 cents per kWh, and has been trending up since — now it is regularly above 9.5 cents. In April it even topped 11 cents, triple the average HOEP.
The only people doing well out of this are the lucky cronies of the government who signed up for provincial subsidies on alternative energy (primarily wind and solar), who reap rents of well over 100% thanks to guaranteed minimum prices for electricity from non-traditional sources.
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QotD: Belief and faith
By what route do otherwise sane men come to believe such palpable nonsense? How is it possible for a human brain to be divided into two insulated halves, one functioning normally, naturally and even brilliantly, and the other capable only of such ghastly balderdash which issues from the minds of Baptist evangelists? Such balderdash takes various forms, but it is at its worst when it is religious. Why should this be so? What is there in religion that completely flabbergasts the wits of those who believe in it? I see no logical necessity for that flabbergasting. Religion, after all, is nothing but an hypothesis framed to account for what is evidentially unaccounted for. In other fields such hypotheses are common, and yet they do no apparent damage to those who incline to them. But in the religious field they quickly rush the believer to the intellectual Bad Lands. He not only becomes anaesthetic to objective fact; he becomes a violent enemy of objective fact. It annoys and irritates him. He sweeps it away as something somehow evil …
H.L. Mencken, The American Mercury, 1926-02.
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