“As usual the Georgia Power Company and the Georgia Public Service Commission staff quibble over the cost-to-complete analysis of Plant Vogtle (Units 3 & 4). The company inflates the cost of the combined-cycle alternative and leaves out costs of completing the project.”
“After water-boarding the numbers, the Company says completing the project is in the best interest of ratepayers. Staff again catches phony numbers and says an eight-month delay will make the project uneconomic. The full Commission again ignores the staff criticisms and approves whatever Georgia Power tells them. … Yawn.”
“Georgia Power’s obvious strategy is to delay the bad news until they get more sunk cost behind them. The actual construction is about 60% complete; and Georgia Power, as always, says the schedule and budget projections are ‘challenging’.”
In his recent treatise on the contra-capitalist corporation, Enron Ascending: The Forgotten Years, Robert Bradley Jr.…
“Hydrocarbon fuels will remain essential for modern air travel. So-called sustainable aviation fuels are expensive, produced in negligible volumes, and provide CO2 savings only on paper. As such, they fail the real sustainability test of affordability, plenty, and reliability.”
Air travel is a miracle of our modern society. In 1620, the pilgrims took 65 days to cross the Atlantic Ocean by sailing ship and two passengers died during that hazardous journey. Today, a single jumbo jet safely transports more than 300 passengers from London to New York in under eight hours. Millions flew to see loved ones this last Christmas. But jet planes burn hydrocarbon fuel, an energy source under attack.
Each day, more than 100,000 commercial flights carry more than 11 million passengers a combined total of 14 billion passenger miles worldwide.…
“I hope that next time you hear people complain about the terrible state of human affairs, you’ll ask them in what other period in human history do they think they would be better off. If they get the point of the question, good. If they don’t, they should sign up to receive our scintillating newsletters. Pronto.” (Marian Tupy, below)
MasterResource is inspired by the work, worldview, and personal example of Julian Simon (1932–1998). The leading expositor of the Simon worldview today is Marian L. Tupy, the intellectual entrepreneur and scholar behind the Cato Institute project, HumanProgess.org.
It is with pleasure that we share with our readers the year-end message from Tupy at HumanProgress.
Your favorite website has had a successful year. In July, we experienced our heaviest traffic yet, with 230,000 page views and 122,000 unique visitors.…