Category Archives: Energy

Are we finally reaching peak climate hysteria? By Brendan O’Neill

We can only hope. From Brendan O’Neill at spiked-online.com:

The eco-derangement of the elites is a threat to reason, freedom and jobs.

The madness of the greens is peaking. This week a leading eco-politician in the UK, Caroline Lucas of the Green Party, referred to the building of a new coalmine as a ‘crime against humanity’. Take that in. Once upon a time it was mass murder, extermination, enslavement and the forced deportation of a people that were considered crimes against humanity. Now the building of a mine in Cumbria in north-west England that will create 500 new jobs and produce 2.8million tonnes of coal a year is referred to in such terms. Perhaps the coalmine bosses should be packed off to The Hague. Maybe the men who’ll dig the coal should be forced alongside the likes of ISIS to account for their genocidal behaviour.

We cannot let Ms Lucas’s crazed comments just slide by. We need to reflect on how we arrived at a situation where a mainstream politician, one feted by the media establishment, can liken digging for coal to crimes of extermination. It was in the Guardian – where else? – that Ms Lucas made her feverish claims. On Wednesday, when the government gave the go-ahead to the Cumbria mine, the first new coalmine in Britain for 30 years, Lucas wrote that the whole thing is ‘truly terrible’. This ‘climate-busting, backward-looking coalmine’ is nothing short of a ‘climate crime against humanity’, she said.

It isn’t though, is it? Sorry to be pedantic but it is not a crime to extract coal from the earth. If it were, the leaders of China – where they produce 13million tonnes of coal a day , rather putting into perspective the Cumbria mine’s 2.8million tonnes a year – would be languishing in the clink. I look forward to Ms Lucas performing a citizen’s arrest on Xi Jinping. It certainly is not a crime against humanity. That term entered popular usage during the Nuremberg trials of the Nazis. It refers to an act of evil of such enormity that it can be seen as an assault on all of humankind. Earth to Ms Lucas: extracting coal to make steel – what the Cumbria coal will mostly be used for – is not an affront to humankind. I’ll tell you what is an affront, though: speaking about the burning of coal in the same language that is used to refer to the burning of human beings. That, Caroline, is despicable.

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Who Is Purposely Sabotaging Power Plants All Over America? By Michael Snyder

A small data point for the SLL argument that chaos will ruin the best laid plans. This is an odd lot compared to what’s coming. From Michael Snyder at endoftheamericandream.com:

Someone has been attacking power plants all over the country, and federal authorities are trying to determine who it is.  In recent days, we have seen significant sabotage on both the east and west coasts, and so it can’t just be one individual that is responsible.

During the first eight months of this year, there were a total of 106 attacks on the electrical grid in the United States, and that represents the highest number ever recorded in a single year.  Hopefully authorities will be able to get to the bottom of this mystery, because winter will soon officially begin.  If power goes out in your neck of the woods for an extended period of time during the months ahead, what will you do?

 Nobody is trying to claim that the string of attacks that we have been witnessing is “accidental”, and ABC News is reporting that “federal authorities are investigating” this very disturbing trend…

Federal authorities are investigating a number of recent reported acts of sabotage on utility companies, a senior law enforcement source told ABC News.

The move comes in the wake of substations being riddled with bullets in North Carolina, leaving tens of thousands without power for days.

After the incident, the utility companies reached out to federal authorities in recent days to investigate, the source said.

The recent incident in North Carolina was particularly alarming.

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Xi Jinping’s Visit to Saudi Arabia and the overthrow of Atlanticism, by Matthew Ehret

Nobody has ever accused Saudi Arabia of having anything but a strictly “Saudi Arabia First” foreign policy. It looks China is offering a better deal than the U.S. From Matthew Ehret at thecradle.co:

The historic China-Arab Summit currently underway in Riyadh symbolizes the emerging Eurasianism in the Persian Gulf.

https://media.thecradle.co/wp-content/uploads/2022/12/Mbs-and-Xi-meeting.jpg
Photo Credit: The Cradle

As Atlanticists continue their commitment to a future shaped by energy scarcity, food scarcity, and war with their nuclear-capable neighbors, most states in the Persian Gulf that have long been trusted allies of the west have quickly come to realize that their interests are best assured by cooperating with Eurasian states like China and Russia who don’t think in those zero-sum terms.

With Chinese President Xi Jinping’s long-awaited three-day visit to Saudi Arabia, a powerful shift by the Persian Gulf’s most strategic Arab state toward the multipolar alliance is being consolidated. Depending on which side of the ideological fence you sit on, this consolidation is being viewed closely with great hope or rage.

Xi’s visit stands in stark contrast to US President Joe Biden’s underwhelming ‘fist bump’ meeting this summer, which saw the self-professed leader of the free world falling asleep at a conference table and demanding more Saudi oil production while offering nothing durable in return.

In contrast, Xi’s arrival was greeted by a multi-cannon salute and Saudi jets painting the red and yellow colors of China’s flag in the skies over Riyadh. Beijing’s delegation of political and business elites, in the following days, will continue to meet with Saudi counterparts to strike long-term strategic deals in cultural, economic and scientific domains.

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To End Climate Lunacy, Stop Treating Warming & C02 Hysterically, by David Simon

It won’t be the end of the world if the temperature goes up a degree or two. In fact, it may well be beneficial. From David Simon at realclearmarkets.com:

 

Those who oppose economically destructive “climate” policies – like those promoted by the Biden administration and at the recent United Nations COP27 conference – will continue to fail to stop the advance of these policies so long as they continue to accept the false claim that warming of the planet and carbon dioxide emissions are harmful.

They are not. On balance, global warming and CO2 emission are beneficial.

Before getting to why that is, however, it is crucial to understand why accepting the false climate claim is so harmful.

When the destructiveness of climate policies is shown, the response is that the policies nevertheless are necessary to address what President Biden refers to as the “existential threat” of global warming and increased CO2 emissions.

When it is noted that these climate policies will at most microscopically and insignificantly reduce temperatures and CO2 emissions, climate policy mandarins push for even more draconian policies.

The result has been that since the 1990s, climate policies have become increasingly destructive and wasteful. Even worse, their continued intensification appears unlikely to be stopped until the public and policymakers are persuaded that global warming and CO2 emissions are not harmful. As Margaret Thatcher famously said: “First you win the argument, then you win the vote.”

To win this argument, it is necessary to focus on the scientific facts.

A warming planet saves lives. Analyses of millions of deaths in recent decades in numerous countries, published in the British medical journal The Lancet, show that cooler temperatures killed nine times (July 2021 study) to seventeen times (In May 2015 study) more people than warmer temperatures. The planet’s recent modest warming (by 1.00 degree Celsius on average since 1880, as calculated by NASA) thus has been saving millions of lives.

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EU’s Oil Price Cap Creates a Price Cap… on Stupidity, by Tom Luongo

Another in a long line of stupid ideas from the EU. The official SLL over/under on the duration of the EU from 1/1/23 is two years. From Tom Luongo at tomluongo.me:

MOSCOW, RUSSIA – DECEMBER 1, 2021: Russia’s Foreign Ministry Spokesperson Maria Zakharova gives a weekly press briefing. Russian Foreign Ministry/TASS

The EU and the US went forward with their long-debated, long-telegraphed move to put a price cap on Russian oil at $60 per barrel.

By believing they can pressure suppliers into not hauling Russian oil lest they run afoul of the sanctions that support the price cap, they believe they can take only Russian oil off the market for the long run.

Because of the way oil is actually traded in the real world, versus the way it trades in Janet Yellen’s head, this policy is actually much harder to implement than it actually looks. You don’t buy oil at the crude oil counter at Target or Wal-Mart.

There isn’t a price tag you can look at and say yes or no too. As Tsvetana Paraskova at Oilprice points out, crude contracts are written based on a discount or premium to a benchmark price at a particular moment in time.

“Physical traders rarely trade on a fixed price,” John Driscoll, chief strategist at JTD Energy Services Pte Ltd, told Bloomberg. 

“It’s a much more complex space where they trade on formulas and spot differentials to a benchmark crude for the trading of actual cargoes as well as for hedging that follows,” said Driscoll, who has more than 30 years of trading oil in Singapore.

To complicate things further, the EU wants to remain flexible to change the cap at its discretion.

“The price cap is not set in stone – it “is fixed for now but adjustable over time,” the EU said last week.  

If this sounds like a recipe for complete disaster, it is.

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NATO’s Iraqi Oil for Food Program Targets Russia, by Declan Hayes

It’s unlikely that Russia is going to allow the West to set the price of Russian oil. From Declan Hayes at strategic-culture.org:

If, as it seems, Zelensky wants war without mercy, General Armageddon should accommodate him in the most efficacious way he can.

Generals Armageddon and Shoigu, together with Russian President Putin and Foreign Minister Lavrov, are no doubt considering their various responses to NATO’s latest provocation. Should they agree to allow NATO do an Iraq on Russia, to cap the price of Russian oil at $60 a barrel then they also should, as a matter of urgency, revisit what happened to Iraq’s political cadre and more importantly, Iraq’s innocent children, who were massacred in their hundreds of thousands by their NATO “liberators”.

If these four want the penury of Iraq or NATO’s slave markets of Libya and Syria visited upon Russia, then they should go for it. They should submit and allow Russia to be raped again of all its resources, both natural and human. If they agree with Ukraine’s Clown Prince Zelenky’s move to ban the Russian Orthodox Church then, as previously suggested, they should emigrate to New York and work as baristas.

If, on the other hand, they believe, as President Putin has repeatedly said, that Russia is something more than a giant quarry for NATO to pillage, then they should act accordingly, even if it entails unleashing hell on earth or at least on that part of the globe that Ukraine occupies.

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Exxon Slaps Biden In Face, Redlines Share Buybacks To $50 Billion Through 2024, by Tyler Durden

The Biden Administration has done everything in its power to discourage oil and gas exploration and production, with predictable consequences. Now it wants to blame the oil companies for the shortfall and rising prices. From Tyler Durden at zerohedge.com:

The only thing the left hates more than stock buybacks and billionaires is the fossil fuel industry. On that note, we can picture Senator Elizabeth Warren spitting out her coffee as we speak…and we love it.

That’s because oil supermajor – and one of the best performing, cash gushing stocks over the last several years – Exxon, announced today it is expanding its share buyback program to $50 billion through 2024. 

The company outlined the statement on Thursday morning in an investor presentation, Bloomberg reported, citing the company’s “higher oil and natural gas prices” boosting the company’s earnings for the year. 

The addition tacks another $20 billion onto the company’s previous $30 billion plan for buybacks through 2023. The plan will now include $15 billion of repurchases this year, which would be the highest annual total since 2013, according to Bloomberg’s data. 

The company also set its capital budget for next year at about $24 billion, which comes in “near the top end” of the $20 billion to $25 billion range that was estimated. Bloomberg wrote in a wrapup this morning that “the plan is expected to help the company double earnings and cash flow potential by 2027 as compared with 2019” and laid out other key points from Exxon’s presentation, including the whopper that earnings and cash flow growth are expected to double by 2027:

  • Growing lower-emissions investments to ~$17b through 2027

  • Share-repurchase program expanded up to $50b through 2024

  • Expects to distribute about $30b to shareholders by year-end 2022

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Utility company lays it on the line for customers: Take the Orwellian ‘smart’ meter or freeze! By Leo Hohmann

You can see where this leads. Smart meters or freeze. Electronic cars or walk. Digital cash or die. From Leo Hohmann at leohohmann.com:

Today we bring you a shining example of how the establishment works quietly behind the scenes to coerce people into the digital gulag we previously described in our article about smart cities.

Leading up to the Thanksgiving holiday, Dominion Energy Virginia threatened to disconnect electricity to scores of homes and actually did disconnect at least half a dozen of the owners who did not agree to accept a “smart” meter on their house.

Blacklisted News reports that according to Virginians for Safe Technology, based in Fredericksburg, the households are located in seven counties, including Petersburg, Fauquier, Prince William, Fluvanna, Albemarle, Henrico and Spotsylvania counties. Customers swapped out their “smart” meters for analog meters, and now are left without electricity.

Jenny DeMarco, communications director for Virginians for Safe Technology, said in a press release:

“Dominion has crossed a line. When families taking reasonable steps to protect themselves and their children have their power cut off in the middle of November, local police and sheriff’s departments are escorting the corporation doing so, and the government and regulatory agencies stand idly by, that’s a pretty strong signal that our system is broken.”

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Occasional Use Vehicles, by Eric Peters

If you force everyone to drive electric vehicles, the electric power and grid to support those vehicles will just happen. From Eric Peters at ericpetersautos.com:

 

There are a couple of things to be worried about with regard to electric vehicles – assuming you like electric vehicles – that have nothing to do with how far they can go or how long it takes before you can get going again.

The first thing is the disparity between electrical generating capacity – which is analogous to crude oil supplies, if we were talking about fueling cars with engines – and the amount of electricity that would be required to power a fleet of electric vehicles. As of right now, total U.S. grid generating capacity is about 1.2 million megawatts, with another 412,000 in the pipeline (so to speak). That would bring the total available capacity up to  . . . not even close to what a fleet of electric vehicles – including commercial vehicles – would require.

That being something in the neighborhood of 23 million megawatts.

The disparity is worse than that, too – if you factor out the electricity currently generated by the burning of hydrocarbon fuels such as natural gas (which accounts of about 42 percent of all electricity generated in the United States) and coal (another 18.5 percent). The two latter together constitute more than half of  all current generating capacity.

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Gunfire On Two NC Substations Plunges Tens of Thousands Into Darkness And Cold, by Tyler Durden

Imagine what a well-organized guerrilla war campaign could do. From Tyler Durden at zerohedge.com:

After two power substations in North Carolina came under gunfire on Saturday, tens of thousands of customers are without power. Outages are expected to last until Thursday, according to Duke Energy. 

The twin attacks took place shortly after 7pm Saturday in Moore County, a rural area about 90 miles east of Charlotte. The area is popular among retirees and is home to the golf mecca of Pinehurst. 

As temperatures were expected to dip to 30 degrees, more than 35,000 customers were still without power late Sunday night, according to poweroutage.us. That’s 56% of the county’s customers. Meanwhile, a Southern Pines town manager told the News & Observer that the outage has already caused several accidents, including a four-vehicle collision that sent four to a hospital with minor injuries. 

A state of emergency has been declared, and along with it, a countywide curfew from 9pm to 5am. The curfew is initially slated to last through 5pm on Friday Dec 9. “It’s a very serious situation” and the curfew is needed “to protect our citizens and protect the businesses of our county,” said Moore County Sheriff Ronnie Fields at a Sunday press conference. Schools will be closed at least on Monday.

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