By Tony Rockel
So John Crosbie thinks that Muskrat Falls “is worth the risk.”
I must say that I am shocked and surprised to hear any mention of the R-word, especially after hearing last year’s glad tidings and reassurances from Premier Kathy Dunderdale (accompanied by celestial choirs, no less) that this is a 100 per cent win-win proposition.
But anyway, bully for you, Mr. Crosbie, especially since none of that risk will have the slightest impact on your purse or your person.
I am left wondering though, if you have any understanding of (or give a damn about) the magnitude of that risk.
Concerns for the 99 per cent
Its magnitude depends very much on where you are sitting. For 99 per cent of the population it is a very big risk.
A bad decision such as this one could leave a significant portion of that 99 per cent wondering whether to eat in the cold or suffer from hunger pains without freezing — all the while wondering how to pay the rent.
For the one per cent who, along with Mr. Crosbie, don’t give a damn, it would be business as usual.
The sad part of this fiasco is that while Muskrat Falls is so avidly promoted, with endless hype and hoopla, by fat cats, carpetbaggers, shysters, shills and political hacks as though it were our last best hope for salvation, megaprojects such as this one are about to be relegated to the Flintstone era — an era to which the proponents of this technology already belong.
The way of the future (and that future is now) is through distributed energy resources (DER), using the latest solar, wind and natural gas technologies.
If you don’t believe me, read this year’s report, published by the Edison Electric Institute, entitled “Disruptive Challenges: Financial Implications and Strategic Responses to a Changing Retail Electric Business.”
The Edison Electric Institute (EEI) is the association of U.S. shareholder-owned electric companies. It represents 70 per cent of the U.S. electric power industry — and the EEI is clearly very frightened by the rapid worldwide adoption of DER.
This technology is making centralized power production and long transmission lines a thing of the past and threatens to put the big utility companies out of business.
I am confident that within the next 10 years, no one outside of this province will want our hydroelectricity and none but the well to do within our province will be able to afford it. So those who can’t afford it will turn to the rapidly evolving, ever more affordable (and readily financed) alternative energy technologies now being adopted almost everywhere else.
Nalcor’s projections for our future energy needs are grossly inflated and fatally flawed.
Our dependency on their overpriced product will actually decrease over the next 10 years, so what they’re foisting on us is a risky and hugely expensive treatment for a temporary condition.
It makes about as much sense as a lung transplant for a common cold.
Tony Rockel writes from Placentia.