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Trump Orders a Lifeline For Struggling Coal and Nuclear Plants (nytimes.com)

According to The New York Times, President Trump has ordered Energy Secretary Rick Perry to "prepare immediate steps" to stop the closure of unprofitable coal and nuclear plants around the country. From the report: Under one proposal outlined in the memo, which was reported by Bloomberg, the Department of Energy would order grid operators to buy electricity from struggling coal and nuclear plants for two years, using emergency authority that is normally reserved for exceptional crises like natural disasters. That idea triggered immediate blowback from a broad alliance of energy companies, consumer groups and environmentalists. On Friday, oil and gas companies joined with wind and solar organizations in a joint statement condemning the plan, saying that it was "legally indefensible" and would force consumers to pay more for electricity.

The administration has also discussed invoking the Defense Production Act of 1950, which allows the federal government to intervene in private industry in the name of national security. (Harry S. Truman used the law to impose price controls on the steel industry during the Korean War.) If the Trump administration were to invoke these two statutes, the move would almost certainly be challenged in federal court by natural gas and renewable energy companies, which could stand to lose market share.
Such an intervention could cost consumers between $311 million to $11.8 billion pear year, according to a preliminary estimate (PDF) by Robbie Orvis, director of energy policy design at Energy Innovation.

3 of 286 comments (clear)

  1. Re:IMHO, we need nuclear by Rick+Schumann · · Score: 3, Interesting

    Natural gas is a stop-gap, but it's a better stop-gap than coal is. Nuclear needs to be un-demonized, but rather than the over-complicated, high-pressure reactor designs we've got now, we need a 21st century upgrade to newer, better designs that are less expensive and safer -- and these exist. I also personally think that thorium reactors should be given a serious look, but I know I'm in the minority there.

  2. His poll numbers are solidly in their 40s by rsilvergun · · Score: 5, Interesting

    and haven't budged once since he got elected (+/- 2% for error). And he keeps doing worse things. He supports TPP now, and DACA, and H1-Bs, and looked the other way while Carrier Air and Harley Davidson outsourced jobs, and protected Chinese jobs at ZTE, and failed at Repeal & Replace... I could go on.

    All these broken promisies, the first two absolutely critical to his base, and still his poll #s are at or near 40%. Meanwhile the Dems are getting ready to run another Milktoast Hillary-bot 2.0 "centerist" candidate in all their races and give up both the House and Senate and eventually another presidency...

    Trump at least _says_ he'll do something. He's lying, but the lies feel good. So far the right wing corporate Dems don't promise anything but the same policies that got us in this mess. Meanwhile the few Dems like Bernie and Alison Hartson get hammered by the establishment Dems and shut down.

    I don't see any sign of reckoning. All I see is business as usual...

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  3. No, it's from 538 by rsilvergun · · Score: 5, Interesting

    who consistently said Hilary was in trouble and needed to be campaigning harder while everyone else said Trump didn't have a chance.

    Again, his poll number's don't budge. If you ask people about issues they consistently oppose Trump. If you ask them about _Trump_ they consistently support him. Thing is, that's not how politics work in America. In America we have wedge issues (Abortion, Gun Control, Gay rights) that split the voters almost evenly. Then there's a small number of 'swing' voters.

    Thing is those voters vote on their 'gut'. They don't rationally weigh options and policies. They vote for the candidate that makes them feel the best. This is why you can take a Trump voter, run Trump's polices against them and find they oppose Trump 70-80% of the time but they'll still come out and vote for Trump. Trump makes them feel _good_. His rallies are fun. He Makes America Great Again. Hillary (and the Milktoast right winger Dems like her) make everybody feel bad. They call you a racist and a sexist. They tell you how bad you are for not making it through college or not having enough money to get your kid's through college. Trump tells you he's gonna get your jobs and healthcare. Hillary says she's gonna leave things as is, with you unemployed and not able to afford a doctor visit even if you have insurance.

    This is the reality of the American Political system. None of it was by accident. It was built this way to keep wealthy landowners in power. It's doing exactly what it's supposed to do: provide the illusion of Democracy. I don't know how to fix it either.

    A buddy of mine is absolutely fucked. Almost 50, lots of health problems, has a parent who just won't die and is weighing him down. Dead end job because they shipped his career overseas. Fucked. He's turned to phony-baloney "Alternative" medicine bought off Amazon to treat his various illnesses. Right now the symptoms can be lived with (albeit with a big hit to his productivity), but that's not gonna last. Still, he's convinced himself everything's OK, that he's getting better. That Homeopathy works. And that he's gonna get rich off some dumb ass crypto coin scheme he put $300 bucks into. Meanwhile he just starting working for some gig economy bullshit where they dictate everything he does but don't have to pay benefits or minimum wage.

    He should be pissed that he and his parents got tossed aside like hot garbage. He should demand healthcare and a decent wage. He should be voting the the Dems primary to drive the party left and then in the general to drive them to victory. That's the problem I don't know how to solve. We're a nation of temporarily inconvenienced millionaires...

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