Tag Archives: Green energy

Germany “Imperils” Power Grid By Pulling Plug On 3 Nuclear Plants, by Tyler Durden

Apparently Germany will be committing suicide by freezing this winter. From Tyler Durden at zerohedge.com:

As nat gas prices surge in Europe, Germany is kicking off the new year by moving ahead with plans to shutter three of its six remaining nuclear power plants, making good on a commitment made in the aftermath of Japan’s disastrous meltdown at the Fukushima Daiichi plant.

The decision was championed especially vigorously by the Greens, who are now helping to rule as part of Germany’s new “stop sign” ruling coalition. But soaring natural gas prices across Europe mean this concession to the environmental lobby couldn’t come at a worse time.

Above: One of the shuttered plants, located in Gundremmingen. Source: Reuters

It’s a decision that could have consequences for the US. As we have complained before, the AOC-backed “Green New Deal” mostly excluded nuclear, by far the most efficient and useful alternative to fossil fuels, instead choosing to rely solely on inadequate “renewables”. And as Reuters adds in its report, Germany’s decision to pull the plug represent an “irreversible” pivot away from an energy source deemed “clean and cheap by some.”

Here’s more from Reuters:

Germany has pulled the plug on three of its last six nuclear power stations as it moves towards completing its withdrawal from nuclear power as it turns its focus to renewables.

The government decided to speed up the phasing out of nuclear power following Japan’s Fukushima reactor meltdown in 2011 when an earthquake and tsunami destroyed the coastal plant in the world’s worst nuclear disaster since Chernobyl in 1986.

The reactors of Brokdorf, Grohnde and Gundremmingen C, run by utilities E.ON and RWE shut down late on Friday after three and half decades in operation.

Continue reading→

Nationalism to Confront Globalism in Glasgow, by Patrick J. Buchanan

Green piety goes out the window when people are freezing. From Patrick J. Buchanan at buchanan.org:

“Extraordinary, isn’t it? I’ve been hearing all about COP,” said the queen to the duchess of Cornwall. “Still don’t know who is coming. … We only know about people who are not coming. … It’s really irritating when they talk but they don’t do.”

Queen Elizabeth II was expressing her exasperation at the possible number of no-shows at the U.K.’s coming climate summit in Glasgow, Scotland.

Among the absentees may be Chinese President Xi Jinping, whose country generates more carbon dioxide than the U.S. and EU combined.

Behind the queen’s exasperation, however, lies a political reality.

Nations like China are discovering that meeting goals for cutting carbon emissions can stall economic growth to where the regime itself is at peril.

Forced to choose between what is best for the country now and what is better for mankind in some indeterminate future, leaders are putting the needs of the nation today over the call of the world of tomorrow.

As the countdown to Glasgow proceeds, China’s energy situation is described by The New York Times:

“China’s electricity shortage is rippling across factories and industries, testing the nation’s status as the world’s capital for reliable manufacturing. The shortage prompted the authorities to announce on Wednesday a national rush to mine and burn more coal, despite their previous pledges to curb emissions that cause climate change.

“Mines that were closed without authorization have been ordered to reopen. Coal mines and coal-fired power plants that were shut for repairs are also to be reopened. Tax incentives are being drafted for coal-fired power plants. … Local governments have been warned to be more cautious about limits on energy use that had been imposed partly in response to climate change concerns.”

Continue reading→

Things Go Awry, by Israel Shamir

It’s going to be a long time before the world or any appreciable part of it is going to make the green energy transition. Right now Europe is demonstrating the difficulty of doing so. From Israel Shamir at unz.com:

An interesting coincidence: the beginning of October ushered in a double crisis: the first collapse of the Internet and the final failure of the Green Economy. Facebook employees used saws and axes to get into their working places, for the smart doors stubbornly refused to yield the way and their badges had lost their magic touch. It seems the Internet trouble had been initiated by some unknown forces outside of Facebook. These forces have access to the inner working of the Internet. Perhaps it was military; or some obscure technicians guarding Internet secrets. They proved their power: even Facebook’s domain was placed up for sale. Mark Zuckerberg could not do it, I was told. Was it a blackmailer’s threat to global finance? Or an attempt to deflect Congressional hearings? Perhaps it was a simple demonstration of naked power.

At the same time, the first blow of winter revealed the inability of green energy to heat our homes and energise industry. Nature proved its abilities: all of a sudden, Europe’s winds refused to move the turbines. An unusual calm settled in the North, as if the winds were confined by Aeolus in his bag. Energy prices skyrocketed. The excellent future planned for mankind, all digital, internet-based and free of fossil remains, failed to materialise. Instead of continuing our march towards the dreadful New Normal, we shifted back to our troublesome but familiar normality when things went awry. The cowboy hat of Big Tech was too large for its head. Mercifully, this misfortune occurred well before the whole of mankind had been railroaded into smart dwellings heated by the mischievous wind. Otherwise, last weekend could have been the end of Homo Sapiens: we would have frozen outside, unable even to pass through the smart doors.

An energy crisis combined with an Internet failure is very dangerous. Why don’t we encounter extra-terrestrials? Here’s a possible answer: every sapient civilisation destroys itself before it achieves the capability to venture to the stars. Intelligent creatures tend to overestimate their thinking abilities; instead of sticking to known technologies and implementing small improvements, they want to make a giant leap forward. The results are gloomy, as we learn now.

Continue reading→

The Harsh Truth Behind Europe’s Energy Crisis, by Cyril Widdershoven

It’s perhaps not wise to throw out your existing hydrocarbon sources of energy until the new, green sources of energy are up to the job of replacing them. Especially when of your prime sources of hydrocarbons—Russia—doesn’t always have your best interests at heart. From Cyril Widdershoven at oilprice.com:

Europe’s energy crunch is continuing, as gas storage volumes have shrunk to 10-year lows. A possible harsh winter could lead to severe energy shortages and possible shutdowns of large parts of the economy.

While the main discussion is currently focused on the potential role of Russia in the energy crisis, a new narrative could soon make the headlines. In a surprise move, the Dutch government has indicated that in a severe supply crunch situation, the Groningen gas field, Europe’s largest onshore gas field, could partially and temporarily be reopened. It seems that the term Dutch Disease could get a new meaning, from being the paradox of a rentier state suffering from plentiful resources to a show of Europe’s lack of realism when it comes to energy transition risks and current market powers.   Dutch Minister Stef Blok has indicated that he is considering the potential reopening of the Groningen field, in particular five wells, especially the one at Slochteren, as indicated by Johan Attema, director of the Nederlandse Aardolie Maatschappij (NAM), the operator of the Groningen field. The reopening of the field, even in the case of an emergency or an energy crisis, is politically controversial.

Until recently, the plan was that Groningen would be closed completely by 2023, ending the large-scale gas production and export by the Netherlands with a bang.

The Dutch media is speculating that minister Blok will be asking for a possible reopening of the Groningen field, a decision that must be made before October 1. If the Minister decides to change the current shutdown plans, the whole Groningen debacle, as some see it, will be prolonged. It is clear, looking at the current deplorable situation of the European energy sector, that Groningen is still needed. The ongoing energy crunch could have grave consequences for the economies and wellbeing of EU member states, changing the narratives in Brussels and the respective European capitals.

Continue reading→

BlackRock and Citi Get on Board the Climate Nazi Train, by Chris MacIntosh

China occasionally talks a good “green” game, but it keeps on building coal-fired power plants. From Chris MacIntosh at internationalman.com:

There are some things that bring joy to my soul. My pleasures are simple ones. Peanut butter on toast (the food of gods), witnessing Macron getting a slap, and this…

The awesome thing here is that what is taking place is that our competition on bidding for coal assets has disappeared in a cloud of woke smoke.

This will quickly become geopolitical, and the question is this: can BlackRock, Citi, Prudential, HSBC, and their other woke mates decide the fate of nations?

They are already affecting the fate of nations. Witness Canada and all of Western Europe.

I found a live shot of their respective energy policies:

But will they do the same to China? Will they do the same to Russia?

The answer to that will only be fully revealed in the due course of time, but we don’t really need any crystal balls here as we just watch actions, not words.

“China put 38.4 gigawatts (GW) of new coal-fired power capacity into operation in 2020, according to new international research, more than three times the amount built elsewhere around the world and potentially undermining its short-term climate goals.”

Nearly all of the 60 new coal plants planned across Eurasia, South America and Africa — 70 gigawatts of coal power in all — are financed almost exclusively by Chinese banks”

We see all of this on the ground, and while it is taking place, formerly reputable media outlets such as the FT, Reuters, and Bloomberg tell us that: “China’s belt and road initiative creates a problem for China with respect to their climate goals.”

Continue reading→

Magical Thinking About Green Energy, by Charles Hugh Smith

You’ve got to believe in green energy, whether it makes any sense or not. From Charles Hugh Smith at oftwominds.com:

The incentives must change from “waste is growth” to hyper-efficiency, conservation, right to repair and manufactured objects engineered to last a generation or longer and be recyclable at scale.

Humans like novelty but don’t like change. It’s easy to confuse the two. When we say, “I need a change,” what we mean is “I’d like to be refreshed by some novelty,” not “I want all the uncertainty, ambiguity and potential for errors and losses that come with change.”

Humans like a new model of truck (novelty) but don’t like their truck is taken away (change).

Since life is change, we all some experience with it. Some changes happen to us, others are the result of conscious choices we make.

Every individual has a mix of aptitudes, strategies and experiences with both kinds of change. Some of us are better at handling one kind or the other, some don’t handle either very well, some handle all change remarkably well.

Very few of us say, “I sure would like to have a health crisis.” We don’t choose the health crisis, but we do choose our response.

Like many of you, I’ve had accidents (health crises), major career changes and multiple moves to different locales.

as a general rule, changes we choose / direct have a push-pull aspect: there’s something negative we want to avoid or end, and something positive we want to obtain.

For example, we might realize that our current job is a dissatisfactory dead-end (the negative) and we need a more satisfying career (the positive).

A health crisis is negative but the prospect of this being a catalyst for a healthier lifestyle is positive.

Being fired or losing our job is negative (not the change we wanted or chose) but once we accept that our life is going to change one way or the other, we can view this negative as a positive catalyst– a move we didn’t choose for various reasons, but a positive move because otherwise we wouldn’t have taken all the risks and uncertainties that go with fashioning another career.

Continue reading→

What is China Buying in the Biden Administration? by Peter Schweizer

You don’t have to do too much sleuthing to unearth a lot of questionable dealings and financial arrangements between China and the Biden administration, starting with Joe and Hunter. From Peter Schweizer at gatestoneinstitute.org:

  • The simple fact is that there are large, powerful donors to the Biden campaign that have big financial stakes in these green energy companies. It is a wealth transfer to Biden’s biggest bundlers, and that is a huge and massive problem.
  • For those companies with inside connections to the Biden campaign, it is American taxpayer money that is truly “shovel-ready.”
  • Former congressmen and senators, and former US ambassadors are being paid large sums of money by governments such as China, or by firms directly linked to those governments, which do not have America’s best interest at heart. They are lobbying in Washington to get their paymasters’ voices heard.
  • If you invest a couple of million dollars, let us say, in lobbying, or you invest a couple of million dollars in campaign contributions, often you can get benefits that are worth ten times that.
  • For Wall Street and Silicon Valley, the prospect of doing deals in China is mesmerizing. To do those deals in China, as they have learned, you must play nice with the regime, speak well of them, feather their nests…. It is no less tempting for American politicians…. Of greatest concern are the deals that actually advance Chinese state interests.
  • There is no other way to state this. The only way we can correct this situation is by exposing these people and showing U.S. citizens exactly what they are doing in our society.
  • [J]ust before the 2020 election, the [New York Times ran a piece by its “media reporter” bragging about their role as gatekeepers that would not pursue the Hunter Biden story.
For Wall Street and Silicon Valley, the prospect of doing deals in China is mesmerizing. To do those deals in China, as they have learned, you must play nice with the regime, speak well of them, feather their nests…. It is no less tempting for American politicians…. Of greatest concern are the deals that actually advance Chinese state interests. Pictured: US Secretary of State Antony Blinken (second from right) speaks while facing Yang Jiechi (second from left), director of the Central Foreign Affairs Commission Office, and Wang Yi (left), China’s Foreign Minister at the opening session of US-China talks in Anchorage, Alaska on March 18, 2021. (Photo by Frederic J. Brown/AFP via Getty Images)

What is China buying in the Biden Administration? A look to the recent past may provide some answers.

If you go back to 2009-10 and look at the “shovel-ready” stimulus package that President Barack Obama pushed through, as most people now know, there were huge amounts of money in the form of direct grants and loan guarantees that went to Solyndra and other “green energy” companies that failed. Yet, the question remained: Where did all that taxpayer money go for green energy?

Continue reading→

Why Californians Have Sky-High Electricity Bills, by Irina Slav

Green energy, the pride and joy of California’s powers that be, is expensive. From Irena Slav at oilprice.com:

Californians pay for some of the most expensive electricity in the United States. They also live in one of the greenest states, at least from an energy perspective. California is only going to get greener. Meanwhile, electricity bills are expected to continue their rise. Some deny there is a link between the two.

The facts show otherwise.

A paper by the California Public Utilities Commission released earlier this year identified the state’s plans to reduce greenhouse gas emissions by adopting more renewable energy as one big factor for bigger utility bills and expectations for further increases in electricity rates in the coming years.

The report said that while the state’s plans to reduce emissions will negatively affect electricity bills, a concerted switch to what the authors call “all electric homes and electric vehicles” could lead to a substantial drop in monthly bills. However, this would require a large upfront investment, which would be impossible to shoulder by medium- and lower-income households.

“In the absence of subsidies and low-cost financing options, this could create equity concerns for low- to moderate-income households and exacerbate existing disparities in electricity affordability,” the report said.

But funding such a hypothetical move to “all electric homes and electric vehicles” is only part of the problem. Another part, ironically, is distributed energy systems.

Continue reading→

The Myths of Green Energy, by Charles Hugh Smith

There are a lot of drawbacks, including environmental ones, to green energy. From Charles Hugh Smith at dailyreckoning.com:

Finance is often cloaked in arcane terminology and math, but the one dynamic that governs the future is actually very simple. Here it is:

All debt is borrowed against future supplies of affordable hydrocarbons (oil, coal and natural gas).

Since global economic activity is ultimately dependent on a continued abundance of affordable energy, it follows that all money borrowed against future income is actually being borrowed against future supplies of affordable energy.

Many people believe that alternative “green” energy will soon replace most or all hydrocarbon energy sources, but this belief is not realistic. All the “renewable” energy sources are about 3% of all energy consumed, with hydropower providing another few percent.

There are unavoidable headwinds to this appealing fantasy…

Reality Check

1. All “renewable” energy is actually “replaceable” energy, analyst Nate Hagens points out. Every 15-25 years (or less) much or all of the alt-energy systems and structures have to be replaced, and little of the necessary mining, manufacturing and transport can be performed with the “renewable” electricity these sources generate. Virtually all the heavy lifting of these processes require hydrocarbons and especially oil.

2. Wind and solar “renewable” energy is intermittent and therefore requires changes in behavior (no clothes dryers or electric ovens used after dark, etc.) or battery storage on a scale that isn’t practical in terms of the materials required.

Continue reading→

Biden Freezes Texas, by Israel Shamir

Go green, go frozen. Renewable power is intermittent power, and it can conk out at the worst times. From Israel Shamir at unz.com:

Freezing Texas should commission a monument: Greta Thunberg and Bill Gates save the Texans from global warming by turning them into icicles. So much for global warming, the reddest herring ever caught in the Gulf of Mexico!

The Texans have got the real New Green Deal, very expensive and uncertain. The deal is “Freeze and pay through your nose!” The green alternative pure cheap and plentiful energy is the stuff the dreams of AOC are made of. It is not likely to work out. Wind and sea are wonderful but hardly a reliable source of energy for heating in sub-zero temperatures.

The destruction of the oil, gas and coal industries (as preached by the Global Warmers) would definitely kill a lot of people, many more than its normal exploitation. The spell of frost in Texas would cause only small discomfort if the local providers weren’t threatened with extinction and unwilling to work on the gas-oil-coal infrastructure. They aren’t likely to invest if warned that this work will soon become obsolete, to be replaced with wind turbines and solar energy. Just compare the poor condition of Texas with that of Russia, where temperatures below -30 Centigrade (-22 F) cause no discomfort to citizens, because the Russians aren’t shy of using gas and oil on top of nuclear power.

If I were a conspiracist, I’d accuse the Biden administration of meddling and intentionally freezing the Trumpist Texans. I’d do it anyway as revenge for them blaming the corona crisis on Trump. Washington definitely didn’t try to force Texan energy suppliers to provide much needed heat for the Republican-dominated state. But Bidenists’ main crime is their declared adherence to the green projects, based on their irrational belief in the Global Warming myth.

Continue reading→