President Joe Biden - Kamala Harris Administration

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www.foxnews.com

Biden invokes wartime powers to fund electric heaters as he cracks down on gas appliances

President Biden is invoking a 1950s Cold War-era law to spur domestic manufacturing of electric heat pumps, an alternative to gas-powered furnaces, as part of his climate agenda.
www.foxnews.com www.foxnews.com

Utterly ridiculous.

"According to the Congressional Research Service, the DPA, which was passed during the Cold War, gives the president a broad set of authorities to influence domestic industry "in the interest of national defense." Invoking the law opens the door for the president access to hundreds of millions of dollars in taxpayer funding for a given national security-related purpose."

Wonder who bought stock?
 
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rekinhavoc said:
www.foxnews.com

Biden invokes wartime powers to fund electric heaters as he cracks down on gas appliances

President Biden is invoking a 1950s Cold War-era law to spur domestic manufacturing of electric heat pumps, an alternative to gas-powered furnaces, as part of his climate agenda.
www.foxnews.com www.foxnews.com

Utterly ridiculous.

"According to the Congressional Research Service, the DPA, which was passed during the Cold War, gives the president a broad set of authorities to influence domestic industry "in the interest of national defense." Invoking the law opens the door for the president access to hundreds of millions of dollars in taxpayer funding for a given national security-related purpose."

Wonder who bought stock?
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State-sponsored capitalism just like the Chicoms.
 
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TNVOLNAVY said:
State-sponsored capitalism just like the Chicoms.
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"Increased use of natural gas has been responsible for sixty percent of the electrical grid’s CO2 emissions reductions," she continued. "This vital tool for emissions reductions and energy system resilience should not be unfairly undermined through misuse of the Defense Production Act."
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So their point is that we need to quit using NG as consumers so electric power generating companies don't have to worry about their supply of a fossil fuel that is responsible for decreasing fossil fuel emissions. And they are undisturbed by the fact that the basic NG generators are just above 30% efficient (comparable to coal and nuclear) and combined cycle plants (no good data on how many of those exist) are 45-55% efficient. Then you get into significant electric transmission losses, and the conversion of electric power back to heat ... with more losses. That means it's probably better to use NG at the endpoint directly as the heat source.

I have a heat pump and like it for reasons such as I could never get a packaged NG heat and AC unit that was balanced for this area - too much heat and not enough AC - the heat pump fixed the issue. Secondly NG prices were unregulated and increasing at will while electric rates are at least somewhat regulated, so I had a better feel for what the heat and AC costs would be with the heat pump. The range, oven, and water heater are NG. When the power goes off, we still have hot water and can cook. I hate that the electric power generators are competing with me and increasing NG rates.
 
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ButchPlz said:
As a sign of the times, seeing a lot of slowdown in commercial consulting for some very large businesses I work with. Hearing other rumors from both clients and friends that massive layoffs are coming at places like Amazon, and banks are about to start their first rounds. CitiGroup just announced some today. Nearly everyone around here has had things like office Christmas parties cancelled this year, and expense accounts are being cut drastically.

The economy is much worse off then we're being lead to believe by this awful administration.
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Yep. We are starting to lay off contractors at the engineering firm I work for. Things are bad. Real bad. I don't believe any of the economic stats coming out of the white house right now.
 
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Matt2496 said:
Yep. We are starting to lay off contractors at the engineering firm I work for. Things are bad. Real bad. I don't believe any of the economic stats coming out of the white house right now.
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My company is running on a razors edge financially. If we do a good job this year then we will merely break even.
 
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