Jul 24, 2014|
Garland talks with James Taylor of the Heartland Institute about alternative energy sources.
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Automatically Generated Transcript (may not be 100% accurate)
Well we've done many many many shows on energy being one of the major. Energy producing states which we did most of our income in there there's been such a big debate as to. What's gonna happen Kolb went over and approved as it's being found and what's gonna happen coal -- trying to -- more than ever. And reports from what you -- little bits and pieces of technology that may be different. And usually when -- it would called -- started to understand approach shows something that. Being studded or it's a minimum importance and relieved of that government should do with -- What are you talking about in in particular on what can one place in Canada -- that's at one. Where are. They're building a book called a modern coal plant. And they of these chips gigantic structures. Over the top. That basically the company plans and collection 9% of carbon dioxide. From and one of the -- In the and -- you're gonna ship. And then they're gonna Bay Area. Deep underground. And they even talk to about. If -- brightness. We even talked about a big plant in Mississippi. Where they're really planning to do its. And I thought bogus that would change a lot of things from and always we go to the experts try to bigger -- This is hyperbole you were there and have to lay eggs were at the it's a possibility is to forward to future. -- James Taylor senior fellow for energy environmental policy for the heartland institute James thank you for the top. -- So what are what are you thoughts on his says this is this why albums -- some pundits can make a difference. -- the carbon capture technology. Is certainly viable from a scientific perspective. We know how to remove carbon dioxide from power plant -- nations and stores them underground. So it's not it's not an issue. Technological ability -- what it is an issue is economic. Desirable because. The costs involved to to remove the carbon dioxide from power plant emissions. Right now with what we have technologically you're you're talking doubling or tripling the costs of power. And day if that's going to be the case well and there's no longer any reason to utilize coal because it -- benefit of coal is that. It is the least expensive source of electricity and benefits American citizens across the board up by giving -- affordable energy. So technologically yes we can do this economically doesn't make much sense. And do it I'm looking at drug Kemper county Mississippi. It's a company called Sullivan company. And they're building a planned five point five billion dollars. -- would investors would -- be spending that kind of money. No well that the economics of -- just don't rule don't really work. Well this is where government -- the market because government. It's investing. Tremendous amount taxpayer dollars subsidizing this technology if you -- companies that can receive big government grants to make it worthwhile. And they will go and do so. Now let's assume for the sake of argument today that the global warming weather turned out to be a very serious problem I don't believe the science supports Apple's let's assume for the sake of argument that it dust. Well it might become more feasible. Even economically. This would still be more expensive than natural gas which. In its much fewer are carbon dioxide. Nations and -- of course nuclear powers -- -- tree. But carbon capture and sequestration apple coal fired power plant. Still is cost advantageous to wind and solar so it's something that that we should keep in our back pocket if necessary. Like right now economically it's still very difficult. I read your blog has -- proposed through. Engineering at Carnegie Mellon university. And he said. It's great I did just so market -- -- government imposed. Requirements. To substantially. Reduce emissions. And make it profitable to do so there's no market men that -- troops and then. Right and even beyond -- -- a look at the environmental issues let's assume for the sake of argument to that global warming -- serious crisis. Even so US emissions have been declining. Throughout this century. And the problem isn't the United States Chinese emissions China for example -- more carbon dioxide that all the nations in the Western Hemisphere combined. And their missions are going up by 10% per year so not going to United States but the entire Western Hemisphere Canada Mexico Venezuela Brazil the United States. All completely eliminated -- carbon dioxide emissions tomorrow something which technically can't be done I would say it happens it would. Because less than ten years. New emissions from China which is negate debt. So that there's a lot involved before going to sentence -- economy back to the deprivation involved with very expensive energy yet. From carbon capture and sequestration of coal power -- when power is solar power whatever. Was to make an argument a couple of weeks -- went -- -- among -- -- environmental news. And -- did everything the -- China accounts for a fingers over a quarter of the entire global. Greenhouse emissions and then over the next twenty years -- -- two commissions. They're gonna grow if I remember correctly all -- roughly equal the United States total emissions today. And they should help but is of we put the the carbon tax and the sequestration. In play these. Then China is gonna see it's profitable -- it's good business idea and they'll do this during. Well it's not at all. China is not going to unilaterally -- its economy is in China has proven time and again in the military economics fierce political spheres but if you want something from China you have to give something to China. And the fact of the matter is that imposing higher priced energy and the US economy is not something it's going to be an example that China's going to choose to follow. If we really if you really want to to have. A realistic decline in. Global greenhouse gas emissions we have to get China involved because you're responsible for 75%. Of the growth of carbon dioxide emissions. During this century. But the problem -- If the United States unilaterally imposes these restrictions ourselves are constantly we don't want or have any bargaining chips. And we party that there's nothing we can say we know right now because in China look were all involved in this together. So let's all do this together and therefore no begins nobody loses. But the party against ourselves and our economy why would China go along without additional concessions beyond the authority making unilaterally that I can do what they've they've said as much. James numbers do a couple of more minutes your time but first have to go break. -- tango rob and it would it would Coleman right Becky got question you got comments we've got the experts. To receive 01. Big -- -- free anywhere in the country did six fixated on and zero cents. Welcome back were worth thinking about innovation broad number of vogue reports from. Big public relations talking about and some errors in the world. Is your love. Coal fired plants that they've been put big collection device on other routes on the instances. 90% of Corbin and injected back into your consumers and it's his new technology. Double protector is better if there is global warming. We're finding out from our expert. Ruling not financially feasible. Didn't do what we hope it will do. And a -- and mind -- expert in -- -- professor Adam. Big universe -- Louisiana. Could be on the show buddhism via email that said Garland. Alicia inject into rule will -- geologic formation. Such is a depleted -- to go Rose Law. You can be assured that -- to -- -- -- -- injection site. Injecting into saline aquifers especially. -- that board simply because nobody knows where it goes related news about the biggest red ball. Now return James -- senior fellow for energy and environment policy. -- heartland institute. James a laugh for a group of regular basis and make phone quite frankly on the show. Bill liberal and conservative media butchers seems to be nothing more than. Anymore but these two stories in New York Times -- with -- what they say. One side. Center for strategic and international studies so long with the Rhode Island group. Both the percentage organizations. Concluded. That. The carbon. Pollution laws that Obama is pushing through with EPA. Would actually. Benefit. Would create robust new demand for natural guests. That in turn. Drive job creation corporate revenue government royalties in particular. -- museum and -- your thoughts. Well that might be the case of the federal government wasn't fighting against natural gas production and all of its might as well. This is be -- the the box that the environmental activists and and the left tried to put. Energy supporters and makes it look take. Natural gas industry. A beating up on call it's good because that means you're going to have more market share. Except that they've been target natural gas just as much and once cold under the weight in the point to target natural gas. Even more. He's -- with even more perfect if you look at for example the current federal government's policy of oil and natural gas leases. It's well know that the United States is undergoing a Renaissance and oil and natural gas production. But on federally and our oil and natural that gas production is declining -- EPA is considering new regulations and restrictions on natural gas production. That would significantly. I -- have been the ability to produce oil and natural gas and private statements as well. So I would caution against falling for this. Would speed up on call because that'll enhance natural gas market share once you once you implicitly states trying to beat up on this or that particular energy source. Due to trumped up environmental issues -- and you put yourself next in line. What about the reports -- -- Bowman's. Reopening the eastern seaboard. Offshore oil camps expiration. Well -- if it's say it's an indisputable fact is that in the production in the number of publicis. On federal lands including offshore onshore and optional federal -- has declined in continued to decline under the Obama administration's. Now of course are always going to be places where there is in new lease auction where there -- few places that that they mania. Make available for permits but they're shutting down a greater number of a permits and lease options elsewhere. So it's important to keep in mind you overall numbers rather than looking at particular anecdotes. But pretty big that he's opening up he's poured over these Q&A policy board votes. Has been an argument through Republican and and democratic. Institutions for doctors. Well he's not opening up entire eastern seaboard just certain places the restrictions are still very tight. And the economics of producing eastern seaboard are not quite as favorable as producing for example in the eastern gulf onshore. So the actual facts aren't going to be a significant. As people like -- to believe that's again shown in the numbers where we she's steadily declining. -- for releases as well as production on federal land. Whatever whatever you do do shows on the energy in the -- and haven't -- -- They would talk when them we've talked these -- forms. And I -- also drew a mural that -- of finding good ball we know boo the minuses. Of those when the -- damage and wind don't -- A Super -- -- most people don't talk about. Usually these were informed him shall report. Or out in the desert and saluted error is because you're heavily transmission lines with the saying well. Now on the -- with Texas Panhandle to Texas in the -- -- -- and handle taxes. Are bringing you do that Texas itself. Has come out and I think there's been doing yet. They're building 3600. Miles of transmission lines seven billion dollars words. About cost of 300 dollars per person. -- taxes utility players. And there they're trying to do moves to convince. -- utilities. All of the contrary. The. Trade commission power. Can be French mid. From the areas that have the most wind and solar borders. Well debt all sounds well and that the problem is taxes despite leading the nation in oil and natural gas production has the highest priced electricity in the region there's no neighboring state with electricity prices even close to excise taxes. In should be just the opposite based upon there. Abundance of affordable energy so windy try to skew the market to encourage. Higher priced electricity sources. Predictably taxes electricity prices go up and of course even those prices which an ice in the region would be higher still. If the hidden cost of subsidies coming in on the pack and from federal and state governments were factored into. Energy there to -- in particular taxes and also so -- production. Which isn't reflected in rates but this were reflected -- tax bill went on the planet like to make -- as we talked about releasing an EPA to recent. Caught fire while -- restrictions that would primarily affect coal plants. Well what's really interesting is of course the media has mentioned that requires 30% cut nationally. But it's not so evenly distributed EPA has chosen individual states require certain states to cut more in certain states last. In Louisiana even though of course you have a senator sitting and yet you know chairing the senate. Energy committee he still nevertheless have EPA imposing a 40% reduction in carbon dioxide emissions in the Louisiana. And then make little sense number one it's much higher than the national average number two Louisiana as you mentioned earlier because it produce some -- natural gas. And yes it's more natural gas and electricity mixed in other states. Really should be required to cut less than other states because your party emitting fewer greenhouse gas emissions but -- and nevertheless is targeted for a much higher production and other states. And therefore it's going to be much more costly on cuisine and. I'm glad you mentioned medical do virtual moment for sure one final question. A relay -- side of the Gulf Coast is just a little you or -- -- in oil from shield for move formations. And its allies to war. And it's so light that are brought by Edwards in this region. Can't process it all without an important bit of -- on modifications. Or we gonna export anytime soon. Well there would be a market for exports. If the political group is deep political conditions were right it's very difficult right now you have to special permission to export natural gas. And of course for oil which were talking about here -- don't have additional hurdles. Armed United States is right now the leading oil producer in the world despite the restrictions of the the federal government. And -- production will continue to grow if governments doesn't interfere. So naturally one would assume that at some point we could we could really exports significant amounts of oil. Now some folks say they we should keep oil and natural gas. But we think about it just do Saudi arabians complain about their oil exports not -- a country rich. And that other nations want to buy or natural resources. That will benefit all Americans. It didn't appreciate the time news lynch from real expertise to the commerce solution thanks so. That your. It would come right back just you and me double -- big huge celebrity more than five to reopen. They call -- a juror 170 will continue this comes solution. On energy and and what we should do and where were going in or are things getting better at things and words to -- zero. 170 toll free 86 fixated on zero itself. Of human being to Sid zero wondered -- Thinking about energy. If in Minnesota lamps have well we had an expert on from the heartland institute and and we were talking about a number of reports that a stumble on -- -- reading. Where they have this new a cold -- plant not cold -- it's to plant that processes coal. And ordered to reduce. 9% of the carbon they have this huge device. Captures it. Put railroad cars taken to some locations and injected back into the -- And there's two million of these round. Because you're extremely expensive. There is more in the -- and it's now of course won the Mississippi one of -- -- news there. And the more than Mississippi. Has spent five billion dollars so for putting -- together. And good gentlemen we have on. -- no they're not gonna work could there weren't too expensive. And you really don't know what happens to. The carbon when it's it's injected to the earth and even and a one of our local scientist who teaches at -- Couldn't go more on the show -- some new movements that that's true. In particular fuel injected to salt -- strident -- salt works his way back so you can't. You can't. -- And also ask him about reports -- about. Building of seven billion dollars worth transmission lines for. Wind power out of the pin and Texas and said yeah. Texas says highs utility rates in the country. Also mentioned to. Of what was yogurt the year. The talk involved from the -- over EPA says -- You own your role. Put in place are new rules to -- screaming bloody murder about a -- that can do. It's gonna make natural gas more feasible. And is gonna shut down coal. So more plans are gonna come to you that use the burn co. And you're gonna have more jobs -- -- and you're gonna have more. A better economy. And we just said well. That may be a little true but -- beds are -- so shutting down home. Natural gas and oil than many other places and particularly not allowing them. And it was -- listened to him I think was pretty evident that it is conservative. And and he doesn't believe in the of the use. Projects by the government. And he does believe in the unit energy sector. Being liberated to to operate in pre market. But the things that and always amuses. When I have the liberal alone or the conserve parts. And Dave -- Almost always -- we're talking about energy we're talking alternative and you regular energy -- say whether or not you believe global warming. Court's liberal student conservatives though. But I've mentioned this before but I wanted to bring it up again because and concede the media paying too much attention this of them three shows and verify. Probably six months ago. In my reading stumbled on this -- your breed for -- former insurance big insurance company. -- nineteen class action suits against dozens. Of cities. In a little. For failing to prepare for global warm. And then it says it. They withdrew the lawsuits. Suggesting to meet. That the big decided that was a bad idea that they couldn't do it but legally it didn't work. Our government leader in the senate or little that was just a shot across the bow. Well all insurance costs. And the way they explained that include. -- we have. Reinsurance. Worldwide company and we have been treatable it was sandy. They breed. And news outs they help us get more money back in the corporate -- -- the US. When it comes to. Massive disasters are virtually bankrupt. In the exit the reinsurance. Agencies. Are telling office. You'd better go tell those people to get ready for global warming. Because we believe. And by not doing so and they threatened. My salary or salary and agents and his. They threatened to the shareholders. Benefits that -- they did it's. So when you get down to. If what our bread. And those -- interviewed or broadly. The global warming debate is over. Doesn't matter what do you think or I think or the bill last gifts things. If insurance companies were brilliant do office. Most jobless won't be able to well four. To live in a place. That's not virtually guarantees. A buffer. Against. The those with the money. They -- global warm. And I look at that -- -- same question Holmes and in this probably now. Imagine in you'd have to mention Clinton -- -- Auditorium Rush Limbaugh wants. Al Gore. Liberals on the side of the auditorium went gore. Conservatives don't. And yeah it's go gore feel like profit yeah. You -- innovation yeah. You like creativity. Yeah. Apps including rush and surety answer would be. If we could develop a product or prod talks. The -- now so like computer. The -- wouldn't make money hole who. Would you be in favor. And their boots yeah. If you sit at a country. That decided in a short period. To go from virtually no knowledge rockets. To putting a man on the moon with the -- -- Do you think we could invent some. There would be so -- in a day that changed world I think about it would entry. Okay. We go to -- for an and -- alternative alternate. About every. Doubled our home. About Canterbury the -- power core -- of the charging stations available. What -- and that beat column. The direction. Of this country. A massive. Move golden -- we can all go -- And through as we can't because the conservative. And do anything other than what do. We don't when or where fry it in particular. If the other side suggests that it's June logo. What do you think actors -- 01 made celebrity. Yeah. The story of some -- you loosen. Was talking about Social Security. Paul pointed out that -- two years ago. So get sixty -- that is -- every Friday in the United States 101000. People turned 65 years ago. That's a ton of people looking to restart. And I'd hate to admit that you probably like me. Saved a little bit and that's a little bit of that retirement junior saying. -- got ready for retirement Britain kick back -- us and drove. And I think very few blogs understand the world we use to live. Five for six years after retirement my problems -- and now. It's 102030. Years. And very -- -- thing good about that we can do real live our retirement money well. Talking about birds of city planning closely connect him. -- have been doing this for twenty plus shoot 610. Million dollars. -- through their clients' money they planned. And I mean they did they do the engine ever thought from Social Security. Tax -- Wills living trusts like insurance you need you name become a good things you would never. And they have never wants them in the room observed there were there working there were going to ever go on court. So. The person you gotta throw the trust well ethics board Louisiana gives them a plus rating Better Business Bureau. -- plus rating. Great company built around for a long time honoring his government's police. Get to know him and he's very very likable. And explains. Really complicated thanks -- burning birds called take five minutes and in the process. There's gonna give you for your report and then things unique and about retirement and numbers 803 or reported -- 6800. The real reporting point six and or -- estate planning. Wow. Big bubble and stay around for Angela who show the Ford shoes and telling the Pentagon. Says more than two thirds of American -- Will not be allowed to -- because of physical. Behavioral. Or educational. Shortcoming. Epidemic of obesity and lack of education. Criminal records. Prescription. Drug abuse. Tattoos too big you're engages. While. That ought to be introduced in Chicago. They with a double bill brigade celebrity -- on 53.