Independent thinking for complex markets and current events
(Natural News)—The Empire State has established lofty zero-emissions goals for the year 2030 that require large numbers of electric vehicles (EVs) to rove the state at that time rather than traditional gas-powered cars. The latest figures, however, show that there will not be nearly enough electric power available to charge them. In New York City specifically, …
In Nebraska, over 14,000 solar panels were destroyed by hail and sent to a landfill because recycling them was considered too expensive. The image of a wind turbine graveyard in Texas highlights the environmental impact of renewable energy, as by 2030, an estimated 52,000 tonnes of blade waste will need disposal, potentially causing groundwater contamination. …
The past week has been marked by worrying developments for the state of the green energy industry, suggesting that President Joe Biden’s sweeping climate agenda could be imperiled. Offshore wind companies are cancelling projects and executives are sounding the alarm on the state of the industry, while solar companies and indexes have seen their value continue a …
ATLANTIC CITY, N.J. — Wind energy developer Orsted is writing off $4 billion, due largely to the cancellation of two large offshore wind projects in New Jersey whose financial challenges mirror those facing the nascent industry. It added fresh uncertainty to an industry seen by supporters as a way to help end the burning of planet-warming …
via RT: The price offered by the British authorities for electricity generated by wind farms must be increased by up to 70%, according to the head of the country’s top power provider. Tom Glover, RWE’s UK Country Chair, has cautioned that without the hike, new wind parks will not be economically feasible. According to Glover, …
The passage of the Energy Act 2023 marks a significant development in the world of smart meters. Under this legislation, authorities gain the power to employ “reasonable force” to enter homes and install these meters, enabling them to exert control over energy consumption through a “load control system.” Non-compliance with this directive carries severe consequences, …
Siemens Energy, a global giant in wind turbine manufacturing, is currently in negotiations with the German government regarding substantial state guarantees, a move that could potentially lead to a significant bailout to support the company’s operations and industry resilience. According to @DerSpiegel, Siemens Energy, one of the world's largest manufacturers of wind turbines, is in …
Some solid evidence that a potential energy crisis is driving collateral problems. This week when oil prices were routed, some of the collateral pressure abated: swap spreads decompressed as WTI retreated. pic.twitter.com/AOWyjKyN3O — Jeffrey P. Snider (@JeffSnider_EDU) October 7, 2023 Collateral concerns keep popping up though mostly among the offshore participants. Japanese bills, Italian spreads. …
A private trade association founded by the Biden administration’s energy loan czar Jigar Shah has become a gatekeeper for companies seeking billions of dollars in financing from Shah’s office. The Cleantech Leaders Roundtable has seen a surge in its influence and revenue since its former president, Shah, was tapped to lead the powerful $400 billion …
via foxnews: The report — authored by the Department of Energy’s Energy Information Administration (EIA) and published in August — represents the first of its kind since 2018. The EIA analyzed data from 2016 through 2022, and determined that, during that time period, the federal government doled out $183.3 billion in direct and mainly indirect …
by Simon Black There’s something pleasantly reassuring about mathematics: We shouldn’t have any doubts about the fact that 2 + 2 = 4. Yet over the past few years, we’ve started seeing the most absurd assaults on basic science and mathematics. The most hard-core fanatics now assert, with a straight face, that it’s racist to …
https://twitter.com/NachoVentures/status/1706811118990090672
via Mike Shedlock: Refineries are closing due to environmental pressure. However, the public does not want EVs and the demand for diesel and jet fuel is on the rise. Refining Bottleneck Bloomberg reports A Crunch in Key Corner of Oil Market Leaves Consumers Vulnerable to Heat and War. Oil demand growth has outpaced the increase in …
Before we begin, I gotta first get this off my chest. Other than Hillary Clinton, Biden Energy Secretary Jennifer Granholm is the most smugly arrogant political hack in the country. And, yes — I’m aware that the Democrat bench in that department is deep. OK, I feel better — for now. Our story begins with …
Energy Secretary Jennifer Granholm set out on a four-day trip this summer. The trip was to prove the worth of the Biden administration’s spending a ton on pushing and “investing” in electric vehicles. NPR’s Camila Domonoske went along on the trip and revealed, “Electric cars have a road trip problem, even for the secretary of …
🔊 … 🚨🚨🚨 Senator Matt Canavan explains why net zero will result in massive unemployment and much more expensive food. Our food production requires fossil fuels. Meat/dairy products are becoming unaffordable already due to net zero. China, Russia and India reap the… pic.twitter.com/NdtlHOfumu — Wall Street Mav (@WallStreetMav) September 11, 2023
A green energy first that has received significant support from Democrat President Joe Biden’s administration has deep ties to the Chinese Communist Party (CCP). Gotion Inc., a California-based energy company, was greenlit for a Michigan electric vehicle battery plant project by the Biden administration. However, national security experts and Republicans are now raising the alarm …
via Mike Shedlock Surprise, surprise. Subsidies were not enough to make Biden’s energy projects profitable. The Coming Green Energy Bailout Taxpayers will soon be on the hook for The Coming Green Energy Bailout The Inflation Reduction Act (IRA) includes hundreds of billions of dollars in subsidies for green energy, yet now renewable developers want utility rate-payers …
via washingtonexaminer: Gov. Gavin Newsom (D-CA) has embraced “dirty” energy for California as he looks to stave off blackouts threatening the state’s strained energy grid. While Newsom has pushed for a transition to renewable energy in California, the realities there have forced him to increasingly rely on nonrenewable energy sources to meet the state’s energy demands. Fighting off heavy criticism from …
via Mike Shedlock: The National Highway Traffic Safety Administration NHTSA did an impact assessment of 4 fuel standard proposals and compared them to the cost of doing nothing. Guess what. The Wall Street Journal reports: Buried deep on Page 56,342 of volume 88 of the Federal Register, the agency makes this concession about its latest proposed …
Energy bills for Britons will remain ‘volatile for some time to come’, regulator Ofgem warned today as it confirmed the price cap will fall after wholesale costs dropped. The cap will drop from an average of £2,074 per year to £1,923, but campaigners said bills remained unaffordable amid calls for an ‘urgent reboot’ of the …
Hawaiian Electric focused obsessively on renewable energy while only spending $245,000 on wildfire safety Hawaiian Electric knew about the threat of wildfires but waited for years to act They focused energy on renewables – only investing $245,000 on wildfire safety The company said it would investigate any role its infrastructure may have played in the …
FARMERS – Melbourne. Farmers and supporters protest outside Parliament. New regulations take land from them for renewable energy transmission lines. They can’t farm near these lines. Land value is expected to drop by 50% because of it. https://twitter.com/BernieSpofforth/status/1691743813599912345 Melbourne… farmers have stormed parliament, furious the government is planning a 400km renewable link through prime farmland …
Energy stocks are only 5% away from recent highs. If historical correlations matter, it is hard to believe oil won't follow the same path. That alone would imply a 48% return from its current levels. As a crucial contributor to inflation, rising energy costs could have a… pic.twitter.com/fBZ60dhWlO — Otavio (Tavi) Costa (@TaviCosta) August 11, …
via Mike Shedlock: Subsidies are not enough to make wind energy projects viable. Onshore and offshore projects are delayed or scrapped. Wind Industry Projects Delayed or Cancelled The WSJ reports Wind Industry Hits Rough Seas as Problems Mount After months of warnings about rising prices and logistical hiccups, developers and would-be buyers of wind power are …
by confoundedinterest17 I wonder which season the US economy is in, according to President “Chance the Gardener” Biden. If you believe the recovery talk (from the reckless Covid economic and school shutdowns of 2020), all is well in the (economic) garden. For example, M2 Money Velocity (GDP/M2), is almost back to where it was just …
The head of a leading energy industry group sees a situation coming soon where Dementia Joe Biden will be talked into declaring a “climate emergency” by the Obama sycophants running his regime so they can take full control like they tried to do when Donald Trump was in office during the COVID pandemic. U.S. Oil …
There's a lot of good news disguised as bad news this week. Sometimes you have to wait until things go #TooFar before the energy is right for a fix. We are entering the fixing stage for almost everything. Powerful correcting forces are rising. You'll be fine. — Scott Adams (@ScottAdamsSays) August 2, 2023 The Democrat …
