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  1. Have estimates been done on the number of jobs, both for construction and for operation, that would be generated by this project? And how does that number compare to the number of jobs needed to get the economy out of the pit in which it is currently found?

  2. This would also seem to impact regional electric grids by offering a potential for tie-ins to a truly national grid. Has the potential to use rail right-of-way for such electrical trunk lines been included in the analysis? It would offer two links between the Eastern Grid and the Western Grid and a cascading link between the Eastern Grid, the Texas Grid and the Western Grid as well as a north south tie in between the Texas Grid and the East-West National line tie-in. This could "un-strand" a lot of high potential wind power sites along the Front Range of the Rockies.


As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Mar 8th, 2010 at 12:29:40 PM EST
... costs the design and use of the electrical infrastructure to support long haul grid to grid HVDC lines on the same infrastucture as an additional $20b for their project, so about $10b for this one.

The Millenium Institute analysis also have economic impact analysis ... I'll have to dig into their report and get some jobs numbers for a follow-up diary.

This is not an immediate digging out of the mess we are in ... eg, pass it this year, first stage plans next year, construction starts 2012. But it addresses the problem of "how we afford the deficit" for any immediate stimulus, since long term the US fails to be able to "afford the deficit" if there is an external accounts crisis and a spike in the US$ price of oil.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Mon Mar 8th, 2010 at 02:19:58 PM EST
[ Parent ]
Clearly any investment here is self-liquidating and the beauty of your proposal is that the jobs are created out of tariff revenue on imported oil, and it will obviously reduce our dependence on imported oil. Beats the hell out of going into debt to prop up underwater mortgages to help out the big boys. But what is in it for Wall Street? They are the only ones Obama seems to care about.

Pitch it to T. Boone Pickins as a way to get his wind energy to market and reduce US dependence on imported oil. Perhaps he will run an add campaign this summer like he did in 2008.  :-)

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Mar 8th, 2010 at 09:53:28 PM EST
[ Parent ]
What Wall Street likes is volatility to sell ... as a bone for Wall Street, I would imagine having two tranches of tax revenue bonds, one paying a fixed dollar amount, and the other paying the difference between the committed interest payments and the proceeds of the dedicated tax.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Mon Mar 8th, 2010 at 10:46:53 PM EST
[ Parent ]

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