Category Archives: economics

The Truth about EV

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Got this from my buddy Mark Reed… an interesting take on Electric Cars.
“As an engineer I love the electric vehicle technology However, I have been troubled for a longtime by the fact that the electrical energy to keep the batteries charged has to come from the grid, and that means more power generation and a huge increase in the distribution infrastructure. Whether generated from coal, gas, oil, wind or sun, installed generation capacity is limited.
A friend sent me the following that says it very well. You should all take a look at this short article.
IF ELECTRIC CARS DO NOT USE GASOLINE, THEY WILL NOT PARTICIPATE IN PAYING A GASOLINE TAX ON EVERY GALLON THAT IS SOLD FOR AUTOMOBILES, WHICH WAS ENACTED SOME YEARS AGO TO HELP TO MAINTAIN OUR ROADS AND BRIDGES. THEY WILL USE THE ROADS, BUT WILL NOT PAY FOR THEIR MAINTENANCE!
In case you were thinking of buying hybrid or an electric car…
Ever since the advent of electric cars, the REAL cost per mile of those things has never been discussed. All you ever heard was the mpg in terms of gasoline, with nary a mention of the cost of electricity to run it. This is the first article I’ve ever seen and it tells the story pretty much as I expected it to.
Electricity has to be one of the least efficient ways to power things, yet they’re being shoved down our throats. Glad somebody finally put engineering and math to paper.
At a neighborhood BBQ I was talking to a neighbor, a BC Hydro Executive. I asked him how that renewable thing was doing. He laughed, then got serious.
If you really intend to adopt electric vehicles, he pointed out, you had to face certain realities. For example, a home charging system for a Tesla requires 75 amp service. The average house is equipped with 100 amp service. On our small street (approximately 25 homes), the electrical infrastructure would be unable to carry more than three houses with a single Tesla each. For even half the homes to have electric vehicles, the system would be wildly over-loaded.
This is the elephant in the room with electric vehicles. Our residential infrastructure cannot bear the load. So, as our genius elected officials promote this nonsense, not only are we being urged to buy these things and replace our reliable, cheap generating systems with expensive new windmills and solar cells, but we will also have to renovate our entire delivery system! This later “investment” will not be revealed until we’re so far down this dead end road that it will be presented with an ‘OOPS…!’ and a shrug.
If you want to argue with a green person over cars that are eco-friendly, just read the following. Note: If you ARE a green person, read it anyway. It’s enlightening.
Eric test drove the Chevy Volt at the invitation of General Motors and he writes, “For four days in a row, the fully charged battery lasted only 25 miles before the Volt switched to the reserve gasoline engine.” Eric calculated the car got 30 mpg including the 25 miles it ran on the battery. So, the range including the 9-gallon gas tank and the 16 kwh battery is approximately 270 miles.
It will take you 4.5 hours to drive 270 miles at 60 mph. Then add 10 hours to charge the battery and you have a total trip time of 14.5 hours. In a typical road trip your average speed (including charging time) would be 20 mph.
According to General Motors, the Volt battery holds 16 kwh of electricity. It takes a full 10 hours to charge a drained battery. The cost for the electricity to charge the Volt is never mentioned, so I looked up what I pay for electricity.
I pay approximately (it varies with amount used and the seasons) $1.16 per kwh. 16 kwh x $1.16 per kwh = $18.56 to charge the battery. $18.56 per charge divided by 25 miles = $0.74 per mile to operate the Volt using the battery. Compare this to a similar size car with a gasoline engine that gets only 32 mpg. $3.19 per gallon divided by 32 Mpg = $0.10 per mile.
The gasoline powered car costs about $25,000 while the Volt costs $46,000 plus. So the Canadian Government wants loyal Canadians not to do the math, but simply pay twice as much for a car, that costs more than seven times as much to run, and takes three times longer to drive across the country.
WAKE UP NORTH AMERICA!!!!!!!

copied and pasted
~author unknown

Technology: not for everyone

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“I spent an hour in the bank with my dad, as he had to transfer some money. I couldn’t resist myself and asked…

”Dad, why don’t we activate your internet banking?”
”Why would I do that?” He asked…
”Well, then you wont have to spend an hour here for things like transfer.
You can even do your shopping online. Everything will be so easy!”
I was so excited about initiating him into the world of Net banking.
He asked ”If I do that, I wont have to step out of the house?
”Yes, yes”! I said. I told him how even grocery can be delivered at door now and how amazon delivers everything!
His answer left me tongue-tied.
He said ”Since I entered this bank today, I have met four of my friends, I have chatted a while with the staff who know me very well by now.
You know I am alone…this is the company that I need. I like to get ready and come to the bank. I have enough time, it is the physical touch that I crave.
Two years back I got sick, The store owner from whom I buy fruits, came to see me and sat by my bedside and cried.
When your Mom fell down few days back while on her morning walk. Our local grocer saw her and immediately got his car to rush her home as he knows where I live.
Would I have that ‘human’ touch if everything became online?
Why would I want everything delivered to me and force me to interact with just my computer?
I like to know the person that I’m dealing with and not just the ‘seller’. It creates bonds of Relationships.
Does Amazon deliver all this as well?”’
Technology isn’t life..
Spend time with people .. Not with devices.”
Category: Blog, economics, Technology

Merck Scraps COVID Vaccines; Says It’s More Effective To Get The Virus And Recover – Summit News

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Vaccine manufacturer Merck has abandoned development of two coronavirus vaccines, saying that after extensive research it was concluded that the shots offered less protection than just contracting the virus itself and developing antibodies.

The company announced that the shots V590 and V591 were ‘well tolerated’ by test patients, however they generated an ‘inferior’ immune system response in comparison with natural infection.

The company stated that instead it will focus on research into therapeutic drugs labeled as MK-7110 and MK-4482.

The drugs aim to protect patients from the damage of an overactive immune response to the virus.

“Interim results from a Phase 3 study showed a greater than 50 percent reduction in the risk of death or respiratory failure in patients hospitalized with moderate to severe COVID-19,” the company’s statement noted of the MK-7110 drug.

Read the whole sorry mess at Source: Merck Scraps COVID Vaccines; Says It’s More Effective To Get The Virus And Recover – Summit News

Category: Blog, economics | Tags: ,

No Privacy, No Property: The World in 2030 According to the WEF | Mises Wire

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In a promotional video, the World Economic Forum summarizes the eight predictions in the following statements:

  1. People will own nothing. Goods are either free of charge or must be lent from the state.
  2. The United States will no longer be the leading superpower, but a handful of countries will dominate.
  3. Organs will not be transplanted but printed.
  4. Meat consumption will be minimized.
  5. Massive displacement of people will take place with billions of refugees.
  6. To limit the emission of carbon dioxide, a global price will be set at an exorbitant level.
  7. People can prepare to go to Mars and start a journey to find alien life.
  8. Western values will be tested to the breaking point..

read the whole things at Source: No Privacy, No Property: The World in 2030 According to the WEF | Mises Wire

Category: economics, History | Tags: , ,

Escobar: From 9/11 To ‘The Great Reset’ | Zero Hedge

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A drive by design towards ironclad concentration of power and geoconomic diktats was first conceptualized – under the deceptive cover of “sustainable development” – already in 2015 at the UN (here it is, in detail).

Now, this new operating system – or technocratic digital dystopia – is finally being codified, packaged and “sold” since mid summer via a lavish, concerted propaganda campaign.

read the whole sorry mess at Source: Escobar: From 9/11 To ‘The Great Reset’ | Zero Hedge

Category: Cities, economics, History | Tags: , ,