June 20, 2009

Pie in the sky and in your face

PIE IN THE SKY ...........

Nice job of creating a myth by special interest groups and a media which seem not to have a problem with the motives of these particular agenda driven institutions.

(excerpt from)
Green Economy Investments Bring 300 Percent More Jobs, Reports Find

...Together, the reports show the economic, environmental and social impacts of investing about $150 billion per year in energy efficiency and clean energy technologies; that number includes funding from the federal stimulus package signed into law in February as well as the proposals in the Waxman-Markey climate bill that is currently making its way through Congress.

"[I]nvesting in clean energy for $1 million will generate 16.7 jobs; correspondingly, investing in fossil fuels generates about 5.3 jobs," explained Robert Pollin, the co-director of PERI and the lead author of both studies, in a press conference this morning. "When you net the two things out, you're going to get about 12 incremental jobs per million in spending by investing in clean energy."
In addition to creating these new jobs -- enough to cut the current unemployment levels in the U.S. by 1 percent, from the current 9.4 percent to 8.4 percent -- and trimming the country's carbon footprint, the investment proposed in the reports will also make well paid labor available on a large scale to working-class, blue-collar and less-educated workers.....

....And In Your Face
Then there is of course that little thing called reality

(excerpt from)
FROM-Market Watch
The green-collar jobs myth
Commentary: Not that much to gain from alternative energy industry

There's a lot of talk about creating millions of new jobs via the "green" economy, one that weans reliance from fossil fuels and invests in alternative energies and technology.

But such a massive shift in labor -- figures are for some 5 million new "green-collar" jobs to be created -- isn't likely to happy anytime soon, or anytime at all.

In short, we shouldn't be betting on job growth from the clean and renewable energy sector, even if it is the fastest-growing segment of the economy right now. That would be a mistake in planning that could stay current policy and keep things relatively inert.

As new jobs are created in alternative energy openings, old jobs in traditional energy companies will be lost. This creates a break-even job scenario. Simply put, a new solar plant creates several hundred new jobs. That energy replaces a coal-fired power plant. The coal plant shutters and hundreds of jobs are lost. Result: no gain.

Moreover, the jobs in the alternative energy sector -- beyond construction workers hired temporarily to build or retrofit -- need a different set of skills than those who have been working in the traditional energy sector. An oil-rig operator can't become a wind operator overnight.....


(excerpt from)
FROM-Traverse City Record-Eagle
Green economy bid faces hurdles

...Energy experts and executives at the same conference say it's a green gamble for Michigan or any state to take and time is not on their side. They argue the federal government is creating unrealistic expectations for the development of -- and economic development from -- new energy sources.

States must resist the "fallacy" that "so-called green jobs created by alternative-energy development will drive the economic recovery," said James Mulva, chairman and chief executive of Houston-based ConocoPhillips Co., one of the nation's largest oil and gas companies. ...

.....In reality, these sources will cost more than fossil fuels; energy prices will rise," he said. "This could actually hurt the economy and cost jobs or make the U.S. less competitive than countries with cheaper energy."

The International Energy Agency predicts that between 2006 and 2030, worldwide energy demand will grow 45 percent and the sources of supply will remain largely as they are now.
Mulva said the nation "must develop a more diverse basket of energy supplies," but replacing fossil fuels would take "unimaginable effort" advancing the necessary technology, skilled labor and capital investment......

Well we can also look to California for an economic blueprint to embracing green at the expense of a more moderate switch over from traditional energy resources right? They seem to have an economy that is the envy of the nation.

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