energy

Simply Unaffordable! Mortgage Demand (Purchase Applications) Fall 14% Compared To One Year Ago While HUD Energy Rules Will Add Up To $31,000 To New Home Prices (Payback Time Is 90 Years)

by confoundedinterest17 Housing in the US is simply unaffordable, particularly after HUD levied new regulation rising the cost of new housing up to $31,000. Wait for this to kick into the data for mortgage demand! Mortgage applications decreased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications …

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New Biden Energy Rules Will Raise the Cost of a New Home by $31,000

via Mike Shedlock New HUD energy rules will raise the cost of home construction by imposing stricter building codes. Payback time is 90 years. Homes To Become Even More Unaffordable The Wall Street Journal comments on Biden’s New Plan for Unaffordable Housing. The Department of Housing and Urban Development is mandating costly new energy standards for …

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US fiscal policy worsens with record spending, deficits, and debt. Green energy, regulations drive inflationary pressures.

The US faces a fiscal dilemma as record spending, deficits, and debt levels clash with inflationary green energy policies, potentially sparking a conflict between the Federal Reserve and government. Key points: Record non-crisis spending, deficits, and debt levels pose fiscal challenges with no end in sight. Green energy policies, like those in Germany, have led …

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Costs soon: Your electricity is going way way higher. EPA power plant rules will drive up energy costs and further destabilize U.S. grid.

Brace for higher electricity bills as EPA rules demand costly changes to power plants. CNN’s Bill Weir declares Biden’s coal power plant rules mark the demise of coal energy in America. Key Points: EPA requires carbon capture tech for coal plants, starting 2032, to continue operating past 2039. Carbon capture captures CO2 emissions, but costs …

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Investors flee renewable energy funds amid growth and policy uncertainties.

Global investors are retreating from renewable energy sector funds this year, driven by concerns over growth prospects and policy uncertainties, especially in the U.S. election year, according to fund data. Renewable energy funds see outflows on concerns over growth, policies Global investors are increasingly moving away from the renewable energy sector funds this year due …

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Pushin’ Too Hard? Strategic Petroleum Reserve Draining To Combat Biden’s Energy Policies (Crude Oil UP 73% Under Biden, Food UP 21%, Rent UP 19.4%, Cocoa UP 136%, Mortgage Rates UP 156%)

by confoundedinterest17 Bidenomics is really about insane money printing after Covid and the installation of Biden as President. Biden and The Federal Reserve are both pushin’ too hard. Biden to fundamentally change the US and The Fed trying to cope with the inflation reaction. With Covid and then Biden’s selection as President, Federal outlays exploded …

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Department of Energy announces $60M investment into essentially endless source of energy:

The U.S. Department of Energy is investing $60 million to demonstrate the efficacy and scalability of enhanced geothermal systems to help tap into the heat trapped underground, which can be used as clean, renewable energy. The agency selected three projects to receive the funds — Chevron New Energies, Fervo Energy, and Mazama Energy. Chevron’s pilot …

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Ukraine faces an impending energy crisis as thermal power plants and dams are dismantled. Military and logistic infrastructure at risk.

“Ukraine is heading towards a truly definitive energy crisis. In the east and west, thermal power plants are being liquidated one after another by completely demolishing the main turbine and generator sections. Dams also began to collapse from south to north. It is expected that all dams and thermal power plants will be decommissioned in …

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This is a major environmental disaster, as well as a massive blow to people preaching about solar energy.

Who’s going to clean this up, and who’s going to pay for it, not to mention will they try to get it running again? BREAKING: Hail storm in Damon texas on 3/24/24 destroys 1,000’s of acres of solar farms. Who pays to fix this green energy? @StateFarm? @FarmBureau? @Allstate? Or you the taxpayer? pic.twitter.com/GpNSaopObZ — …

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The Norwegian Illusion: EVs Are Not More Energy Efficient

via Mike Shedlock: Goehring & Rozencwajg  put together a fantastic article on the illusion that EVs are more energy efficient. This is a guest post by Goehring & Rozencwajg. The Norwegian Illusion – Guest Post Starting mid-point last decade, the investment community became convinced EV adoption would quickly surge.  EV penetrations would become so great that global …

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WEF: Why farming, fishing and energy production should be considered “ecocide”

The Davos Annual meeting was Jan 15th-19th of this year… Jojo Mehta tells a panel at the WEF's annual Davos meeting why farming, fishing and energy production should be considered "ecocide"—which her organisation is aiming to have "recognised legally as a serious crime", akin to genocide pic.twitter.com/XlVeE7u6cS — illuminatibot (@iluminatibot) March 21, 2024 You are …

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Billionaire who made fortune from coal is building world’s largest renewable energy plant visible from space

A billionaire CEO whose family made its fortune from coal mining is building the world’s largest renewable energy plant that will be visible from space when complete, according to a report. Sagar Adani of Adani Green Energy Limited (AGEL) plans to transform 200 square miles of empty and barren salt deserts in India into a …

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Biden admin set to finalize major gas car crackdown over warnings from automakers, energy industry

The Biden administration is expected this week to finalize highly anticipated regulations targeting gas-powered vehicle tailpipe emissions, considered the tip of the spear in its efforts to electrify the transportation sector. The Environmental Protection Agency (EPA) is slated to issue the final rulemaking — which officials have boasted will incentivize greater adoption of electric vehicles …

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Tesla’s Berlin factory evacuated and production halted after arson attack on energy infrastructure, multiple surrounding areas without power.

Tesla halted production at its German factory Tuesday after assailants allegedly set fire to high-voltage lines nearby, cutting power to the US electric carmaker’s only plant in Europe, the company and authorities said.https://t.co/WCEN5sYCD9 — Insider Paper (@TheInsiderPaper) March 5, 2024 Tesla halted production at its German factory Tuesday after assailants allegedly set fire to high-voltage …

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The CBO Revised the Cost of Biden’s Energy Policies Up by $466 Billion

via Mike Shedlock: The cost estimate of Biden’s Inflation Reduction Act coupled with EPA mandates, just jumped by $466 billion. The Committee for a Responsible Federal Budget and the latest Congressional Budget Office outlook conclude IRA Energy Provisions Cost Could Double With New Emissions Rule Last April, the Environmental Protection Agency (EPA) proposed a new rule …

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Hungary Rejects New EU Sanctions on Russia, Particularly in Energy and Nuclear Cooperation

Hungary opposes new EU sanctions against Russia We are talking about restrictions on cooperation in the energy and nuclear industries. “We believe that the sanctions policy has failed – Hungary opposed the new EU sanctions on cooperation with Russia in the field of energy and the nuclear industry,” said Hungarian Minister of Foreign Affairs and …

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Biden’s Energy Department alters proposed gas stove rule after admitting ERRORS and INACCURACIES in its analysis

via naturalnews: The Department of Energy (DOE) under the Biden administration has altered its course on a proposed rule for gas stoves after admitting the errors and inaccuracies in the analysis it issued with the original rule. DOE’s move comes following months of negotiations with companies and climate activist organizations. The new rule issued on Jan. 29 made numerous key amendments to …

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French Legislation Weakens Clean Energy Commitments and Favors Nuclear

via Mike Shedlock: Cheers to France if pending legislation passes as currently written. It effectively scraps most hard commitments and turns more towards nuclear power. Preliminary Bill relating to Energy Sovereignty Please consider a Google translation of a Preliminary Bill relating to Energy Sovereignty Four Key Things The wording of this preliminary bill relating to energy …

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German energy policy consequences: Shift away from cheap energy impacts competitiveness, factories close, dependence on Chinese steel rises.

Insane German energy policy has consequences. If you put radical left wing socialists and Green (communist) parties in control of your govt, this is what happens. They shut down all cheap energy and then your factories are no longer competitive and they close. Without cheap… https://t.co/Hcp1I64ufY — Wall Street Mav (@WallStreetMav) December 21, 2023

Constitutional Court Ruling Sends Shockwaves Through Germany: 60 Billion Euro Gap Emerges, and Subsidies for Covering Higher Energy Prices Go ‘South Park’ Style

The recent ruling by the German constitutional court, declaring the government’s Climate Budget fund as illegal and unconstitutional, has delivered a sudden blow, tearing a significant 60-billion-euro hole in the budget virtually overnight. With an additional 200 billion euros at stake, intended for economic and societal stabilization amid escalating energy costs, the potential fallout casts …

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German economy collapsing after nation abandoned nuclear energy – prices soar, industries implode

via naturalnews: Did you know that electricity prices in Germany are triple the cost of electricity here in the United States, all due to Germany’s “green” energy policies?   In recent years, Germany has been phasing out coal and nuclear energy in a way that has been described in German media as “not well coordinated with the …

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