This article was originally published by Tyler Durden at ZeroHedge.
In an upcoming bond offering, California listed several risks that could have adverse impacts on its economy. Besides COVID-19, wildfires, increasing debts, and cybersecurity threats, what we found fascinating was the risk to the state’s power system.
The State of California Investor Relations page recently published the bond offering summary that describes Morgan Stanley and Wells Fargo as the joint senior managers on the $2.1 billion general-obligation bond deal on Sept. 14.
“The future fiscal impact of stresses to the energy grid caused by climate is difficult to predict, but could be significant,” the state said. “In recent years, California has taken on numerous steps to increase resiliency to be better prepared to meet the state’s electricity demands.”
The warning comes as the state is greenifying its power grid system by ditching diesel and natural gas generation sources for wind and solar. Simultaneously, lawmakers in the state are incentivizing residents to purchase electric vehicles that require an enormous amount of energy. It’s a straightforward equation to understand. The more EVs on the road, the larger output the grid needs to produce or risk collapse.
Earlier this summer, California Independent System Operator told residents to conserve energy voluntarily, including asking residents to charge their EVs at certain off-peak times due to back-to-back heatwaves straining the grid.
California’s plans to become an environmental and socialist utopia face the harsh reality that climate volatility and green energy sources may not be as reliable as once thought.
Texas found out the hard way when its wind-power generating capacity went offline because a massive deep freeze across the state in February contributed to the entire grid meltdown.
So far, liberal politicians who are chasing renewable energy as a means of mitigating “climate change” will have to soon wake up to the fact that renewable energy sometimes is unreliable energy. It would be challenging for California to upgrade its grid to accommodate zero-emissions vehicles on its highways by 2035 unless the grid was completely overhauled.
The latest example of fragile grids is Hurricane Ida destroying two thousand miles of transmission lines and knocking out power for nearly a million people in Louisiana that may not even fully be restored by the end of next week.
The consequence of unreliable grids and politicians increasing EV demand is a recipe for an unreliable grid.
Readers may recall that it cost Tesla users $900 per charge during the Texas cold snap in February.
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It wasn’t that long ago media were warning of immanent EMP disaster from a solar flare ‘Carrington Event’, or North Korean EMP nuke strike.
We had the harden the electrical grid and safeguard all our electronics in Faraday cages, stockpile gas and survival gear, just in case the electronic and electrical infrastructure fried.
Now… crickets on that. Instead we have to abandon the fossil fuel energy economy to ‘save the planet’ from climate change.
In the event of a mass EMP event today, sure we’d lose some electronics, but we could jack portions of the fossil fuel infrastructure to work without electronics. ICE (internal combustion engine) tech has very basic electrical needs.
EMP apocalypse dangers have not gone away; but the ICE tech foundation of our energy security is, cancelled by leftist green governments.
So… is this ‘green’ electric battery tech likely to survive an EMP event? Or will it all burn, burn, burn? Looks like they’re inclined to do a little more than quietly go dead in an EMP.
The Carrington Event set telegraph lines on fire. Electric car batteries can spontaneously combust while parked.
Remember, by 2035 governments – especially if COVID-1984 medical police statism sticks – may ban all sale of gasoline powered vehicles. Even classic cars may be either illegal or unusable for lack of gasoline.
Tesla car batteries are notorious for burning to slag when damaged in a crash. Chevy Bolts are being recalled because defective batteries spontaneously combust. The household solar power batteries of tomorrow likely won’t be the durable ICE car batteries used today, but powerful – and sensitive – hi-capacity batteries like those used in electric cars.
Only the government and a few large corporations will have stockpiles of gas and ICE tech, if the green grid burns because of an EMP caused by starting a war with China or a (real or staged) solar EMP.
Even as a young lad I understood some simple concepts; that sometimes the simplest way of doing something or understanding something was the best way, that sometimes the answers were not what one expected, that frequently continued effort (perseverance) was better than finesse, and that sometimes fixing a problem caused other problems. This applies to California, the problems are complex, the solutions are not necessarily so.
I’ve never been in CA, but am informed as well as anybody what’s going on there. In earlier times, the growth and development of the state was incredible, a de facto nation unto itself, fantastically rich, blessed with mind-boggling natural resources, it’s potential correctly utilized. ALL that has changed, and for the worse. It has the biggest state debt by far (in reality it is more than two trillion dollars which includes unfunded liabilities), millions and millions of illegal immigrants, the highest rate of homelessness in the country, and on and on. Public employee unions, the green lobby, welfare freeloaders, and the liberal progressive political complex has lock on the state and won’t give it up without a fight to the death.
It still has great institutions, and wealth (though highly concentrated), but surely becoming 3rd world. One can say it has been driven off the cliff, it just hasn’t crashed yet. CA won’t be fixed until it becomes ground down in the dirt (and that will happen). To fix everything else there, the first thing that must happen is fix the culture and political system. The present culture and political system exists as parasitical, it is totally dependent on the productive parts to exist, without the support of the still productive parts it collapses. Maggie Thatcher said, “The problem with socialism is eventually you run out of other people’s money”. What should happen is the removal of those assets which in turn would produce the necessary effect (for example, India has some great schools and beaches, but no one is moving there because much of the rest of the country is sh*t).
It’s going to require an economic collapse of the state for things to change. The increasing ongoing white flight out of state, businesses leaving, professionals and skilled people leaving, wealthy people leaving. In other others words, a lot of money and talent leaving the state is the main catalyst. The political system there seeks a socialist and multicultural paradise, yet resents the outflow leaving the state. This is because they need the money. Toss in all the extras like new ridiculous laws and regulations, even more taxes and fees, upward spiraling cost of living, and a general diminishing quality of life only speeds up change.
Similar changes are occurring in various degrees in other sh*thole states.
Its quite simple…
When a state, nation or country lives like Sodom it will burn as Sodom…
Chew on these and may the Lord be glorified.
Psalm 9:17
Proverbs 16:4
Isaiah 45:6-7
and for those who deny the Lord controls all, including the weather….chew on this
Psalm 147:15-18
Praise be to the Lord God, to Him be the glory…for His ways are true and just.
“California’s plans to become an environmental and socialist utopia face the harsh reality that climate volatility and green energy sources may not be as reliable as once thought.”
There is some weather coating but no insulation on the wires.