Listen to all the Crickets when the real news is posted
Listen to all the Crickets when the real news is posted
Able to power 50,000 homes, the ‘world’s largest floating wind farm’ takes another step forward
PUBLISHED TUE, SEP 21 2021 10:48 AM EDT
UPDATED TUE, SEP 21 2021 12:45 PM EDT
Anmar Frangoul
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Statkraft is one of several major companies involved with floating offshore wind projects.
One advantage of floating turbines is that they can be installed in deeper waters compared to bottom-fixed ones.
... it has everything to do with President Biden's climate change plans, energy independence plus lots of high paying jobs.
Offshore wind energy consumes very little fossil fuel yet can power millions of homes. America has one of the longest coast lines in the world and the potential low cost Mega watt hours are enormous.
A floating wind farm at large scale is ideal for most US coastlines with little environmental impact.
'No one would be spared': Debt default would set off dire consequences
The fight over raising the nation's borrowing limit underscores a reality for Democrats as they are in the midst of their highest stakes moment for President Joe Biden's sweeping legislative agenda: thrusting a potential default into the mix may have devastating consequences.
Republicans have steadfastly opposed supplying votes to raise the debt ceiling, despite pleas from officials and watchdogs about the disastrous consequences for defaulting or delaying such action.
"If the US defaults and can no longer pay its obligations, billions of dollars in state aid and state-run but federal funded programs could be halted," the White House warned.
The ensuing market meltdown would crash the retirement savings of countless families and jack up the cost of borrowing for mortgages, car loans and businesses of all sizes.
All of this would threaten to short-circuit the incomplete economic comeback from Covid, igniting a new recession that would require yet more federal borrowing to recover from.
Faith in the US debt -- the linchpin of the global financial system -- would be tarnished, perhaps irreversibly.
In short, it would be an epic disaster for everyday Americans -- and one caused by extreme political dysfunction.
"Failing to increase the debt limit would have catastrophic economic consequences," the Treasury Department warns on its website, adding that Congress has acted 78 times in the past to raise, extend or revise the definition of the debt limit. Treasury notes that 49 of those times a Republican was in the White House.
The clock is ticking. The Treasury estimates it will run out of cash and accounting gimmicks at some point next month unless Congress raises the debt ceiling.
Once the federal borrowing limit is hit, Washington would be unable to issue new debt. That's untenable because America doesn't bring in enough revenue to pay for its spending. It needs to borrow to keep the lights on.
The leaders of a key Treasury advisory panel expressed deep concern Tuesday about the market consequences. If there is a protracted fight over the debt limit, "the Treasury market would likely experience significant disruptions that could spark broader market stress," the leaders of the Treasury Borrowing Advisory Committee wrote in a letter to Treasury Secretary Janet Yellen.
... another disturbing and dangerous drama caused by the Republican Senate leadership.
Apparently you know crap about wind farms. There is a narrow band of wind speed at which they can be used. too low and they cannot operate. Too fast and they have to shutdown to prevent damage. The blades are not recyclable and are disposed of normally by burying. Many people consider them unsightly, especially Democrat politicians who complained about farms visible from Martha Vineyards when they were visiting Martha's vineyard. Also according to liberals they are hazardous to birds that can be killed by flying into the turning blades.
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