DoE admits giant cock-up - savings from switching from gas stoves = 9 cents a month
From here:
Referencing this:
Biden admin quietly revises gas stove analysis, reduces projected benefits | Fox News
“The Department of Energy (DOE) filed a notification of data availability as part of its ongoing gas stove rulemaking this week, showing that Americans will save 30% less than it said they would under the regulations when they were first proposed in February. The agency's new analysis showed consumers are now expected to save just 9 cents per month under the gas stove regulations.”
Nine cents a month, or a dollar or so a year.
This means that the amount of money that will be saved by the US Switching from gas to electric syoves IS LESS THAN THE MOMEY WASTED IN DOING THE WORK IN PRODUCING THE REPORTS AND WASTING EVERYONES TIME!!!!
Someone has to pay for this. Why should taxes be used to fund “arbitrary and capricious” bullshit from useless sycophants in the Cult?
What was the actual point of attacking gas stoves and switching to electricity?
Suffice to say, a switch to electricity might mean that your power can be shut off quite easily in a “climate emergency”
Note that the price of electricity from windmills and solar is massively distorted by subsidies for windmills and solar – and - the price of electricity from hydrocarbons is massively inflated by taxes regulations and restrictions. The result – government forced high prices for hydrocarbon electricity that are MATCHED by prices for wind and solar electricity – EVEN With SUBSIDIES.
All part of the plan.
Just wait until food prices will be jacked up because the government says that the “carbon footprint” of each element of the supply chain must be identified and taxed as part of a “carbon credit” scheme.
It will work much like Value Added Tax works in the EU. Each step in the supply chain pays 20% on an “input” and charges 20% on an “output” to the next person in the supply chain, until the consumer gets whacked with the final (massive) value added tax.
Now, because its Monday and just so you can all have a laugh at my expense, here is a rabbit hole I went down after reading only the Just the News article!!
It took a while and it follows the form of background notes I do before some of my articles, before I whittle them down or discard them!
They start here:
Here’s some numbers cited in the Just the News article:
“In February, the agency said the green-energy initiative would result in $1.7 billion in savings. “
Okay, no time period specified. Is that a year or a month or a day? Then there is this:
“The update shows saving would be only about 9%, compared to its original projection of 30%, according to Fox News.”
Okay, so 1.7 billion bucks = a saving of 30%, which means the total (for whatever time period) = 1.7/0.3 = 5.666r billion bucks and 9% of that = 510 million bucks.
So a drop in the estimated cost from 1.7 billion to 550 million dollars.
Now there are around 131 million households in the USA, so the estimated cost saving per household has been revised from around 13 bucks to a little under 4 bucks.
This has to be a daily figure, right?
So the annual savings per household have been revised downward from around 4,750 down to 1,460 a year. Not as much, but still worth having.
So annual household energy costs in the US today, are around 2 trillion a year = around 15,800 per household.
Couple of questions:
How much does it cost to convert to electricity from gas? Does it pay to switch in one year, two years or ten year?
Why were the DoE estimates so badly wrong in the first place?
What is the relative incidence of gas supply cuts to electricity supply cuts? Note that when a “climate emergency is declared by the White House resident, electricity can be cut off to meet any “arbitrary and capricious” climate goals – is this the same for gas supplies?
From here:
Natural Gas Facts (peoplesgas.com)
“Natural gas serves nearly 66 million homes, 5 million businesses, 195,000 factories, and 1,900 electric generating units
On a daily basis, the average U.S. home uses 168 cubic feet of natural gas
Okay, now in the usual hard to follow mire of energy statistics’ we have this explainer:
Residential Cost of Natural Gas 2023 [Prices per Therm/Ccf] (electricrate.com)
“Most households love natural gas – it’s cheaper than electricity, more environment-friendly, and produced right here in the United States. Natural gas already dominates our country as the top energy source for powering our daily lives.”
Oh, so there is that. Ok, let’s look at one more thing before we escape the rabbit hole to do some more helpful stuff maybe in another article that compares the cost of solar, wind, coal, oil and natural gas production – and how the Cult inflates the price of hydrocarbons with taxes and regulations whilst supporting the price of windmills and solar with massive tax breaks and “grants”.
Looking a few years backward we have this published a few days ago here:
U.S. Energy Information Administration - EIA - Independent Statistics and Analysis
“In 2021, the amount U.S. consumers spent on energy (energy expenditures) grew to over $1.3 trillion when adjusted for inflation, a 25% increase from 2020, according to our State Energy Data System (SEDS). Rising petroleum consumption in 2021 following 2020 lows induced by the COVID-19 pandemic and higher average energy prices contributed to the increase in expenditures.
Inflation-adjusted per capita U.S. energy expenditures increased by 25% in 2021 from 2020 to $3,967 per capita, on par with 2019 per capita expenditures. Inflation-adjusted per capita expenditures increased in every state in 2021. Per capita expenditures in Connecticut rose the least (13%), and they rose the most in Louisiana (43%).”
That’s enough for now.
Onwards
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There is no cost savings. If there was, you wouldn't have to force people to change, they would do it themselves. Isn't that what capitalism is all about? People making their own decisions of what is best? Oh yeah, we don't live in a capitalistic society any more.
And yet the policies are rolling out in many places.
They don't need evidence or facts. They have marketing shysters and fact checkers.
Never mind that electricity for heating is far less efficient than natural gas. Or that the grid can't handle the EVs and new diktats about heating.
The dystopian juggernaut rolls on.
Leaving utter carnage in its wake.
Peace.