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Castro has good points about what CNN left out of the the story. So much was left out that it looks like a hit piece, or resume padding.
Mayor Julian Castro awards a million dollar contract to a South Korean company over an American. Ted Rowlands reports.
CNN Video
http://cnn.com/video/data/2.0/video/...broad.cnn.html
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Mayor upset over solar story
Mayor Julian Castro calls CNN story misleading
San Antonio Mayor Julian Castro had some harsh words for a CNN report Monday.
Referring to a report that aired on Friday on CNN’s “Erin Burnett: Outfront," Castro said it was the "most inaccurate report that I’ve ever seen regarding anything that San Antonio has done in public policy.”
The report examined City Public Service’s deal with OCI Solar to bring hundreds of jobs to San Antonio.
In the report, reporter Ted Rowlands said that the city has decided to send hundreds of millions of dollars in profits to South Korea rather that keep the money in the United States.
http://www.ksat.com/news/Mayor-upset...z/-/index.html
Castro has good points about what CNN left out of the the story. So much was left out that it looks like a hit piece, or resume padding.
Even if he did hire a South Korean firm over an American one... are we supposed to just blindly give work to American firms for the sake of them being American?
Doesn't this country like to trumpet the virtues of free trade? Or only when it's convenient?
That damn CNN, it is so obvious that they are just a liberal propaganda machine.
en funny to here the wing-nut echo-chamber try and spin this attack on Castro by the 'liberal CNN'
Their heads were spinning...
Of course, there is no truth to any CNN rumors....the firm that got the contract will bring those jobs to SA,,,
When there's a political axe to grind, free trade stops at the water's edge.
lol Spurstalk libertarians
Pretty much. The champions of the free market now demand tariffs and protectionism. Not so free after all?
The bigger question is why the we are paying 11 cents a KW when we can produce electricity with NG for 2 cents a KW?
This is just another "Lets promote Julian Castro's political career" tax on San Antonio citizens.
"NG for 2 cents a KW"
where do you get that number?
Do you realize that CPS is currently delivering electricity to your computer at 9.5 cents a KW and this deal is to buy electricity AT THE SOURCE (undelivered) for 11 cents a KW?
Total cost of building a NG power plant, operating the plant, buying natural gas, and then decommissioning the plant at the end of it's life cycle is 3.7 cents a kwh at $2.60/mcf. San Antonio has a virtually endless supply of cheap NG from the eagle ford shale.
yes, solar is more expensive but has fewer externalities, just like wind, than coal and NG, externalities that are always excluded from coal and NG pricing but are paid for by taxpayers and with their health.
When LNG terminals are done, watch US NG price approach world price. Why would NG produces sell domestically for 1/3 the world price? They won't.
btw, I see the foundation crews putting in concrete footings for the electrical transmission towers along IH10 to bring wind power from W Tx.
Where do you see that NG electricity costs $0.02/Kwh?
http://www.forbes.com/sites/jamescon...al-gas-nation/
However, the most recent low cost of gas from the fracking craze gives a significantly lower life-cycle actual cost of:
$6.3 billion + $26 billion + $5 billion + $20 million = $37.3 billion or 3.7˘/kWhr at $2.60/mcf
it might be a bit unrealistic to count on NG prices remaining at current levels indefinitely, CC.
Even at $4 gas (historical average) cost per KWH is only 5.1 cents.
How is this a smart move for San Antronio?
It's hard to find international gas prices, but one source said US is $3/unit while Europe pays Russian $10/unit.
The US domestic NG price will rise, but internationally, it's complicated, esp with the current pegging of NG prices to oil prices.
http://energy.aol.com/2012/08/27/exp...ld-be-limited/
Lots of NG drillers/producers going bust now, and are saddled with contracts that require them to keep producing royalties no matter what. Big shakeout coming, with NG price rising
I'm not sure it is, but your two cent quote looks pretty silly in light of what you just said.
Is Castro stopping you or anybody from building a NG plant and competing? The reality is energy is priced to what the market will bear, not the absolute minimum. But if you think you can come up with a better deal, what's stopping you?
You REALLY want to nit pick an "off the top of my head" variance of 1.7 cents and NOT address that 3.7 cents kwh < 11 cents kwh?
We aren't buying gas internationally . We are sitting right on top of billions of cubic feet.
That doesn't even make sense. I'm talking about simple economics and you are spouting blue team bulll . It's really quite simple.
3.7 cents KWH < 11 cents KWH
What part didn't you understand?
I think I did. assuming NG prices will remain stable at historically low levels may not be a safe assumption.
And I addressed your objection and said if prices rise to historical norms that cost rises to 5.1 cents which is still less than halk the 11 cents he just agreed to pay. This is not theoretical. This is like a new green tax. When CPS costs to generate electricity rise then prices will rise on your monthly bill.
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