I understand Austin not being prepared for a winter storm like this.
Texas doesn’t expect a Maine winter.
Thank you to all the men and women working to get power back online.
Once we are through this, we should explore solutions for a more reliable energy system.
Our energy system requires two kinds of power — base load and variable load.
Base load is the minimum amount needed to power the grid in a given day.
Variable load is the additional energy needed to power the grid at any given time.
For base load, you need consistent, reliable power. Sources like nuclear and hydro make excellent base load.
For variable load, you need power you can be turned on and off at will. Coal, gas and oil make effective variable base load.
Without better battery technology, wind power fails both tests.
The wind tends to blow at night (during base-load hours, when variable load isn’t as needed) and in an intermittent manner that makes it difficult to predict.
Solar power is at least based on an energy source available during peak hours.
As technology improves, there’s probably a role for solar in our energy portfolio.
From what I read, the anticipated base-load in Texas is much higher in the Summer (when air conditioners are on) than in the usually mild winters.
But as heaters turned on this week, there was not enough base load ready to meet the demand.
The immediate challenge is getting sources of energy online that were shut down for the season.
Beyond that, we should look at our current energy portfolio and question if this is the best possible arrangement.
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The key difference between Marxists and Rothbardians:
Marxists view capitalism as a centralizing force.
Rothbardians view capitalism as a decentralizing force.
Marxists see capitalism akin to gravity — capital attracting more capital, all the wealth gradually concentrating in the hands of the few.
They believe an outside force (sometimes government) is needed to counter this and redistribute the wealth.
Rothbardians view aggression generally (most prominently, the aggression of state power) as the force that concentrates wealth and power in the hands of a few.
We see capitalism as a force akin to entropy — challenging that centralization through the power of the market.
Days like today remind me why we need thorium nuclear power.
Thorium Power is safe, clean, renewable and affordable.
A single bowling ball of thorium is the energy equivalent of an oil supertanker — and there is enough in the ground to power human civilization at current levels beyond the lifespan of the sun.
If we allow socialism and nationalism to become our guiding stars in 2020s America as they became in 1920s Europe — recent history can tell us what the next few decades will look like.
To nationalists, remember that America is great — not for its own sake — but because of our founding ideals for Liberty and Justice.
To socialists, remember that the pursuit of Liberty has done more to promote the welfare of the common man than any system in human history.
Why do we fight wars for Saudi Arabia — in Yemen, Libya and Syria?
Why do we sell Saudi Arabia weapons?
Why do we ignore Saudi financing of 9/11?
Why do we stand by as the Saudi prince murders journalists?
...Because they have us over a barrel (of oil).
The “petrodollar” is an arrangement whereby Saudia Arabia only accepts US dollars in payment for oil.
This boosts international demand for the dollar, empowering the Federal Reserve to print trillions financing our national debt without significant price inflation.
If Saudi Arabia were to end the petrodollar, the US dollar’s status as the world reserve currency would be threatened — and our ability to finance our global empire would be threatened as well.