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Old 12-19-2018, 02:27 PM
dakota560
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Default Re: Not TOO happy about this

Here's the link to an article which gives some perspective about the overall plan and locations being considered. https://www.app.com/story/money/busi...ity/878021002/.

Appears a majority of the grid is either 20 miles south of long island or 20 - 50 / 60 miles east of Monmouth county and points south to Atlantic City. In broad terms, appears to start around the Mudhole area out to the Chicken Canyon in terms of distance offshore. It's a sizable area of real estate being considered. One grid alone covers 2,355 square miles as mentioned.

Pay close attention to the paragraph about cost which says:

Anyone who pays an electric bill will absorb some of the cost to produce power from offshore wind, because of both the enormous initial investment and the market set by far cheaper natural gas.

For instance, US Wind, which has the rights to 183,000 acres off of the south Jersey coast, will receive $131.93 for every megawatt-hour produced from 2021 to 2041 for consumers in Maryland.

That's about 2½ times the average wholesale price in the Washington D.C. area, according to PJM, the regional electrical grid supervisor.

Who knows what the environmental issues will be but they should be quantified before anything is executed. Here's another article about the economic boost to NJ associated with the project. https://www.nj.com/news/index.ssf/20...w_jobs_to.html.

First question would be if there's such an economic boost, why does the first article discuss a substantial increase in electric prices to consumers. If the investor US Wind is getting 2 1/2 times more than the wholesale price, are we looking at a 500% increase in the retail price consumers and businesses pay? Whose discussing that? As I've said previously, you always here about the pros, the cons end up in small print or not at all. Pockets get lined, investors make billions and we absorb the financial burden. Again I'm all for cleaner energy but maybe the states and or investors have to subsidize a larger piece of the funding associated with a project of this nature. So instead of or in addition to the US government pledging $10.6 billion dollars to Central America and Southern Mexico yesterday to support their economies and address migration issues, they can subsidize this project so the funding doesn't fall squarely on homeowners and businesses. Get the US based oil conglomerates involved with the hundreds of billions they make every year, I assume the market share gained by clean energy initiatives will eat into the oil industry's current business if all this works according to plan so let them invest or mandate their investment to subsidize the project. No different than the Federal Reserve forcing seven or eight better capitalized banks to subsidize the financial crisis in 2008 to unlock the capital markets and save AIG, only this time earmark how the money is to be used. That'll make the country more self sufficient from domestic resources and less dependent on foreign resources which I thought along with cleaner energy was the point of all this. Lot of moving parts but curious who exactly is looking out for the interests of the commercial and recreational fishing community and the homeowners and business owners of NY / NJ. It's not Murphy or Cuomo.

In addition to all this, there should be language somewhere along the lines of an easement which guarantees access to these areas for 100 years or more. The oceans belongs to everyone, if these areas were ever legislated to be off limits like Earle, it would be an economic and recreational disaster all so someone can push his own political agenda to obtain office.

Last edited by dakota560; 12-19-2018 at 02:57 PM..
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