Guest Post by Chris MacIntosh
Take a quick look at the brave new world that is renewable energy and with it the end of coal.
Of course, this has been followed up with a steady stream of hysteria. Stern-faced weather-men, weather-women, and weather-people insist we’re facing apocalyptic heat, or cold, or rain or cats coming down, even dogs. Either way, New York is soon to be underwater… or is it dry as a bone? Depends on the day and weather-people, I guess.
One does have to wonder at what point folks wake up. Perhaps literally it takes place when one wakes in the morning, pulls back the curtains, and sees the sun shining and a beautiful day ahead… right after having heard the night before from some spineless diversity hire on the idiot box that Armageddon is surely coming… because, climate change. I often wonder about these things.
It’s worth remembering that the witch burning in the so-called Dark Ages lasted for nearly a decade and by some accounts only stopped when they began running out of women, so it’s entirely possible that this hysteria continues unchecked for a long time.
What warms the cockles of my heart (I’m not sure what cockles are but mine are warm) is that clearly many countries either see this for the obvious nonsense it is or they simply look at the option of baking or freezing (depending on where they live and perhaps the seasons), and conclude that they are unprepared to give up on the central heating or air conditioner. Maybe it has something to do with the fact that the “elites” who are telling them to stop showering do so from the comforts of one of their multiple mansions after landing their private jets. Either which way, electricity consumption seems to be continuing unabated — as we promised it would.
Here’s a neat infographic of what powered the world last year.
It’s almost as if coal isn’t going away anytime soon. Wow! “You mean to say the pointy shoes with their “modeling” of outcomes are about as far off as Neil Ferguson was on the COVID hysteria.
And now as ZeroHedge reports, Fortescue Metals just halted playing the carbon offset game.
Backfire: World’s Fourth Largest Iron Ore Producer Stops Purchasing Carbon Offsets
We are the only heavy emitter in the world to stop purchasing voluntary offsets,” Dino Otranto, chief executive officer of Fortescue’s metals business.
Good for them! Carbon credits are a giant scam — the modern day equivalent of purchasing indulgences from the church.
Fortescue may be the first, but they will not be the last. Watch!
Then, we have Hungary…
All of this points to energy wars, and energy wars are never deflationary. They are most certainly not bearish for energy assets, so…
WEAPONIZING ENERGY
Here’s what just happened…
As mentioned before, it isn’t solely about supply and demand, but the ability to move goods can and does impact prices. Basically, disruptions in supply chains.
What is happening here is actually not Putin weaponizing uranium, but rather the fact that to move the uranium out of Russia and Russian-controlled countries requires shipping, and the insurers are unwilling to insure the ships. So now they don’t move.
Couple all of this with the higher costs of capital as interest rates continue to rise and bonds collapse, and we will continue to see shippers, miners, all need to factor in a much higher cost of capital when looking at bringing on new supply. It’s a good thing they’re not capital intensive businesses heh!
Keep in mind that this dynamic isn’t unique to the uranium market. It’s especially true in the coal and oil and gas markets too.
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Cutting coal and other fuel use is just western economic suicide, and all the while China laughs
Buy coal stocks now. I have.
That info graphic is misleading. Solar and wind didn’t provide 11.7% of the power for “the world”. It only provided 11.7% of electricity (if you even believe that). In temperate and colder climes, heating takes way more power – mostly from natural gas and (in the Northeast) fuel oil. Office buildings, factories, etc use gas for heat. World-wide shipping is almost exclusively oil-powered. Same for aviation. Automobiles are 95% + powered by oil/gasoline. Electrical generation is not the biggest need for “power” and probably won’t be for a long time even if they force everyone to use electric cars and electric stoves.
Also, when did hydro leave the renewable category and become a non-renewable?
When the water runs dry!
Dry water is better.
Less drowning.
And no turbine cavitation!
Reminds me of the petition to ban dihydrogen monoxide! H2O
https://www.mentalfloss.com/article/501907/14-year-old-who-convinced-people-ban-dihydrogen-monoxide
Hydro works. Nothing that actually works is allowed to called sustainable by the Marxists.
The goal of muh climate change cult is the destruction of Western Civilization. Just like every other part of the Marxist agenda.
Feminism is here to destroy the institution of marriage and families.
Racial Marxism is here to physically destroy the White race through replacement and mixing into oblivion.
Legal Marxism is here to destroy the rule of law and legally discriminate against YT and men.
Climate change is and always was about getting people out of single family homes and cars that they own and into rented apartments and mass transportation that are owned by the government or the good Marxists at the top.
Notice that they same people who want everyone to own an electric car make sure we never built new power generation. Do you think that they haven’t considered that? Or is that on purpose? Nuclear power generates no carbon dioxide whatsoever and yet all the Climate Change Cultists are against nuclear power. If they really believed that climate change is the biggest threat to humanity as John Kerry constantly says, then why do they ensure that we haven’t built a nuclear power plant since the 1970s?
Is the way the US Gov spends twice as much money as it takes in “sustainable”? No one cares about that, especially no one on the left. Describing anything as “sustainable” is goyslop. Its propaganda meant for emotional Leftists to feel good about themselves.
I ran a hydro in the late 70’s and early 80’s. They should be filled at night and the head drawn down during the day for maximum electric production at peak demand. But we didn’t run that way, because a big wheel had a boat on the resivior and didn’t like the level going up and down on his docked boat. So much for renewable energy. Can’t upset a big wheel with it.
Sounds like the Wallace Dam at Lake Oconee, GA.
Plant Vogtle in GA. is a new nuke power plant.
Can’t reuse the water once it is over the dam.
Sure you can, just use twice the electricity produced to pump it back over the dam. Government logic!
Or pump it from a declining overdrawn Ocmulgee river, that also serves as Atlanta’ shit dump, and damned near Jackson for power generation as well, but when the government creates an environmental disaster , no fault can be found… some people may have died.
An abnormal lot of people died of cancer here , including Tony Bowdoin.
Tony Bowdoin had also heard whispers about pollution over the years. The 57-year-old had seen the “Save Juliette” graffiti scrawled across a nearby salon and stop sign, but his life’s work — running the family grocery — had left little time to investigate further. So when a neighbor recently called with the news that her tap water contained enough contaminants that she had switched to drinking bottled water, he called an environmental nonprofit to get his drinking water tested.
https://grist.org/energy/ive-quit-drinking-the-water-what-its-like-to-live-next-to-americas-largest-coal-plant/
How a powerful company convinced Georgia to let it bury toxic waste in groundwater
January 20, 2022
https://www.gpb.org/news/2022/01/20/how-powerful-company-convinced-georgia-let-it-bury-toxic-waste-in-groundwater
They reverse the turbines during the night to pump the water back up into the lake when the electrical rates are lower, basically using the upper lake as a water tower. They sell the power produced during the day at peak demand for a higher rate, it’s a money maker.
Ever heard of rain dumbass!
sssshhhhhh… don’t wanna spoil things its the joos remember
I work worked in commercial generation. The biggest user there are not homes, but industry. If you want manufacturing here, we need coal.
Good catch….
So called renewables will never replace oil/gas energy uses. It simply is not possible. No matter what the left says or does it will not happen.
I like to tell folks with a properly configured gas vehicle I can tow your Tesla to its destination and charge it at the same time ….
Also understand one gallon of gasoline is equal to forty man-hours of work!…..
Irreplaceable!……
I’d like to confirm the gallon of gas = 40 man hours equation.
Splitting firewood as a 70 year old with a hydraulic splitter with a Honda engine, I split a bigger pile than I did with an axe 50 years ago! Physical proof!
Many renewables used in the world are carbon based too. Wood, peat and dried dung among them. Imagine what carbon free will do to the poor of the world that need these fuels.
USSA. Good thing the USSA government doesn’t let anyone produce enriched uranium at home anymore.
The Clinton gang sold it to Russia years ago, Uranium One.
Folks,I know we need coal ect. but lets always try and when we can do take the ethical choices.
I hope the world holds together long enough for us to enjoy holidays with family/friends/tribe.
That said,make ethical choices in your foods.
Thats some funny shyte rite there… Still laughing. thank you my friend
Glad you enjoyed Moos,ben away for a bit as for reasons known only to meself spilled about half a beer in me laptop,then further caused damage as I left a hair dryer running on it and literally melted some keys on the keyboard(damn hairdryer must have it’s own reactor!).I got 2 used laptops of same brand and luckily the harddrive was salvageable!
While I am all for prepping/learning new skills/building tribe feel we lose ability to laugh tis all for naught.
On a side note,I am this friend folks have!
Whats the llama’s name?!?
Her name was “Drama”. I loved that llama, but couldn’t afford to keep her. Then, one night this drunk dude holding a traffic cone offered me his smartphone in exchange for her.
I’m typing this comment on that very phone.
It’s up to James (sorry, I didn’t get his name at the time) what he wants to call her now, but her name had been Drama llama.
Epic!
Epic llama. I like it. Epic is a good name for a llama.
Movie night bro
Cranberries must be deadly to dolphins, I have lived my whole life in cranberry growing country and never seen a dolphin!
There is the problem,you are looking for dolphins(i.e. Flipper),we are talking about “Cranberry Bog Dolphins!”
This Cranberry Bog Dolphin holocaust can be ended by simply asking for Cranberry Bog Dolphin Free Cranberries,simple as!
You have any other questions Prepper Duck will walk you thru it.
They’re sneaky. Don’t let your guard down.
Once it has been processed and jellied, you really can’t tell it is in there. Also adds lots of protein to a fruit.
Good for them! Carbon credits are a giant scam — the modern day equivalent of purchasing indulgences from the church.
Well said.
For only $1,000/day I’ll promise not to fart.
https://www.theguardian.com/world/2013/jul/16/vatican-indulgences-pope-francis-tweets
https://www.cbsnews.com/news/vatican-get-time-off-in-purgatory-by-following-pope-on-twitter/
There is no pope right now.
I can not for the life of me understand how people believe all this hogwash about coal. We have it I say use it they have made great strides in making coal cleaner burning the libs and or communists are so afraid of nuclear power letem burn coal . All the climate hoax has the libs all in a dither and it is a hoax like Hitler said tell a lie often enough and people think its the truth. We have been had with all this climate change it changes alright every day. Bribeme has proved that shutting down natural energy is an economy busting move. What an idiot this man is always has been so we should not have been surprised by what he has done to us.
This continent is is the Saudi Arabia of coal…I say we go Nuclear…..we’ve had nuke powered submarines,ships and aircraft carriers for over a half a century…….
Yes, one estimate I read quite a few years ago said there was at least 600 years worth of coal under north America, not sure if they included Canada.
China is opening numerous new coal mines, they have nastiest air in the world, they are double the CO2 pollution of the US. A clearcut case of selective Communism and joo rules.
Me and the wife having a small warming fire…
roasting unicorns and communists, we’ll run out of one before the other tho
Reminds me of an album cover…
Love Billy Zoom’s playing, grew up on X, Blasters and Los Lobos living in Venice in the late ’70s.
We will be using coal 500 years from now.
Also bear in mind none of the crap “they” think is green can be manufactured without coal, oil and gas. Not a damn thing.
The US has the greatesy coal reserves in the world. Why wouldn’t you use it?
plenty of coal but with bureaucrats emitting so much hot air all the time, why not use that as a power source instead.
It’s like manure methane from cows, a dirty fuel that is hard to burn.
Carbon offsets/credits benefit only Wall Street … period …
And All Bore, the King of Carbon Credits. He invented the internet, too.