Why U.S. Companies Should Care About European ESG Reporting Regulations
What a bane for countless useless consulting companies and highly paid professionals that are in charge of making sure that one finds a way through this thicket. All those costs will be borne by the consumers as they are slapped on top of prices for everything. Why don’t we call that a tax – a tax whose proceeds go only to the leeches from the Green Industrial Complex? We are not done with the Ponzi schemes and at the point where we are, I have doubts that we will somehow get through all this with tolerable pain. It will be biblical – no less will induce the leeches to drop their ill-gotten sources of revenue. I am looking forward to dystopia.
The Case for Nukes: The Pathway To Freedom & Prosperity Is Reliable & Affordable Energy
I do share your enthusiasm for nuclear Robert but you promote it for the wrong reasons. Because nuclear or not won’t do anything to the climate. The planet needs CO2 to thrive and lots of it. We are actually living in CO2-poor times. At the time when life was at its most grandiose, in the Jurassic, CO2 was much more than double what it is now. But with sensible nuclear (with sensible I mean sensible regulation as what we have now is a disgrace and does not add safety) humanity could truly have cheap power. And we will need plenty of cheap power if we are to deal with the economic mess that’s upon us now.
No country ever got rich relying on wind and solar power, but plenty of rich countries are driving themselves into penury by doing so. At the heart of every prosperous nation is the ability to…
Europe is beginning to turn against the prophets of climate alarmism
The Climate Change religion is especially famous for its many failed predictions. No more ice in the Arctic by 2020 – fail. New York underwater by 2006 – fail. Glaciers have gone by 2020 – fail. Polar Bears won’t survive – fail. Every single mathematical model that is supposed to establish that humans caused this – fail. BUT – I was right with one prediction. In 2021 I predicted that I can see the climate cult peak by 2022 and that serious opposition would come out of the woodwork by 2023. That was before the war.
Levels of eco-anxiety are rising among the young, but the planet’s future is brighter than many think
U.S. Department of Energy soliciting bids for crude oil to replenish petroleum reserve
What they really want is someone that waves a magic wand and refills the reserve at no cost. They want to have their cake and eat it at the same time. The petroleum reserve is not here for politicians to turn into cash for their pet projects but it shall rather keep the country safe in case something horrible happens. But there would be a way how the reserve could be refilled and prices to be kept low at the same time. Kick out the blocks from the oil and gas policy. Remove all the non-normal curbs from shale drillers and help them deal with activists when they turn up at sites even when all permits had been secured. But I don’t think Biden wants that – he still wants his cake and eat it too.
Deliveries into the emergency government stockpile are planned for August, with awards to be announced in June, the Energy Department said in its solicitation Monday.
Can gas solve South Africa’s power crisis?
All the gas on Earth cannot solve South Africa’s power crisis. Or Europe’s energy crisis for that matter. Let’s assume for the sake of this argument that gas was found in very economical volumes in South Africa and that it would be enough to cover all the country’s energy needs. What makes you believe that South Africans would deal with this any differently than with their unending coal bounty? The power crisis in South Africa is entirely man-made. None of what befalls the country today would be necessary if humans with just half a brain and some decency made the decisions. Politics has destroyed this country. It won’t be the last one.
Domestic production and LNG imports are on the table as the country seeks to restore energy security
King Charles backed these care homes for 40 years – now Net Zero is forcing them to close
We all like to believe that somewhere out there, there is something that keeps tabs on anything. When the US toppled Saddam Hussein and Paul Bremer took over as administrator of Iraq I watched and I saw where this would lead. Never mind I had lived for some time in the Middle East by then and knew the countries well. But I believed that there would be some strategists that followed some genius policy that will deliver great results in time. I was some sort of believer. And like every believer, there was a day of reckoning when I came to understand that there is nothing smart in what those people do. It’s just unbelievably brutal.
By Paul Homewood It’s hard to think of anything more damning about the King’s obsession with climate change: A care home charity backed by the King is being forced to shut down…
“Can We All Just Relax?” Julia Hartley-Brewer Clashes With Meteorologist Over Global Warming
Why does no one ever have to respond to all those failed predictions that were made in the name of climate catastrophists? If just some had failed but there would otherwise be a solid body of evidence that underpins Human-Caused Climate Change, I would say nothing. The world is full of outliers. But in this case, we still have an unproven theory, we have a plethora of mathematical models that would prove nothing but even then they can’t seem to get it right ever and every single one of their predictions had been wrong for more than 30 years. We will need a truth commission when we come to our senses.
Julia Hartley-Brewer clashes with meteorologist Jim Dale over global warming after reports that the world is more likely than not to be 1.5C warmer in the ne...
New high risk, high reward studies will tackle key unanswered questions about our planet
There is nothing wrong in principle with understanding our planet better. I just don’t see where the high risk – high reward shall be. Also, curiously – the researchers all seem to have bent their knees to climate alarmism. What this really smacks of is a desperate effort by the cult to try finding new data that shall save their fledgling movement. Yes, I know. Climate Alarmism is still supremely well funded and it still keeps pretty much all mainstream media and politics in its thrall but as it is for any Ponzi scheme, they implode with a plop when they are at their peak. And they tend to do so overnight. Looks like some on the inside can see that coming.
NERC has invested £25 million in a host of high risk, high reward research projects to tackle critical environment challenges. The 44 projects cover the full spectrum of environmental science including geology, atmospheric science, biodiversity…
Efuels a route to use otherwise wasted wind
That reminds me of the joblessness policy in many countries. One jobless person costs the state a certain sum per month in social spending. So states subsidize massive programs to employ those people spending multiples of the social benefits one would get as a true jobless. It’s very expensive and useless and mostly, those people are paid just to keep the numbers low. Efuels are expensive – wind power is already massively expensive and can’t compete on the open market. Efuels are like pouring gasoline into a dumpster fire.
Developer plans to apply lessons learned from Haru Oni pilot project in Chile to future facilities, CEO for Emea tells Hydrogen Economist
Europe’s Emissions Fall Below Lockdown Levels During Energy Crisis
Cause for celebration? I think not. Lower emissions in Europe mean that Europe’s industries go down the drain and very rapidly so. This could be the end of the European industrial age. The only way for Europe to save some of its industries is by raising massive tariffs on anyone wanting to bring anything into the continent which won’t work well for the export market. Also, it’s going to raise prices for European consumers to no end. That’s a tight spot to be in as a politician. Better to live in a country that historically relied less on industries.
Europe’s carbon emissions from power plants and industry have been even lower to start the year than they were during the depths of the pandemic as high energy prices and strong renewable output slash demand…
S.Africa circles back to shale gas as power crisis drags
Oh yeah, they want to circle back to Shale now. They have never been there so circling back will be a bit of a stretch. And – Shale is an investment – a commitment – for the long term. For Shale to succeed South Africa would have to set its entrepreneurs free and I have a hard time finding many less entrepreneurial countries than South Africa on the continent. The whole country is riddled and beset by affirmative action and political porc. You can’t even fart there without making sure you cut a whole plethora of people that will never do anything useful in. And your committee meetings will need very large rooms. Not the way Shale runs.
Why Do Experts Lie About Something They Call Carbon “Pollution”?
Why do people lie? As children, we learn that it’s good to pursue the path of the truth. We also learn that lying will lead you to damnation and all other bad things. And yet, those same very people who follow the path of virtue, lie every day without even blushing. The problem is “What is the truth?”. Most people feel that something is true if enough people repeat it. A majority says so and hence it is. As Valery Legasov said – every lie incurs a debt to the truth and that debt must eventually be paid. It’s the blind and obedient masses that pay as they have allowed the lie to live so long. Only the truth is true, not what a large group of people feels is right.
We continue our series of trying to understand the Expertocracy, our form of government, and its uses of propaganda to further the goals of our rulers. Lying is a common tool used by rulers to…
Climate Scientists Moan About Critics On Twitter
Oh, are they? I am not really a big Twitter aficionado as the interface never stormed my heart so there is a lot that I don’t see but what I see very well is the unsufferable abuse many skeptics get from the alarmists. I have blocked more than 1000 people on all sorts of Social Media for egregious Ad Hominem abuse and believe me when I push the block button I don’t even see a smidgen of reasoned debate anymore. Alarmists get pushback for the first time and they don’t like it. I have seen some of the most well-spoken, reasoned, and mild-mannered skeptics being given the worst names. What goes around, eventually comes around.
By Paul Homewood Some of the UK’s top scientists are struggling to deal with what they describe as a huge rise in abuse from climate crisis deniers on Twitter since the social media…
Obama concerned that Americans ‘almost occupy different realities’
Barack Obama is a prime example of a generation of politicians that played the “everything goes” game. Before the end of the Cold War, nuclear annihilation kept a lid on those tendencies as there was wide agreement that an adversary needs to be dealt with before all else. But when the Soviet Union stepped off the scene, the West felt free to engage in stupid experiments on many levels. Not what works was important anymore but what felt good. Obama made Trump and it was under his presidency when most Americans finally understood that the elites care about nothing but themselves. I think they are afraid because they can finally see their fortunes wane.
Former President Obama said in a new interview that what most worries him is that Americans are occupying “different realities.” “The thing that I’m most worried about is th…
Climate change believers are more likely to cooperate with strangers, new research finds
Surprise, surprise – who needed a study for that? That’s also why there are so many very young people in those movements. Young people lack experience (scars on the back) and are still pretty credulous. I was never that naive even when I was younger but compared to the jaded me of today, I was still insufferably impressionable. People that respond to cultish messages must have a strong need to belong. The Millenials are the most congenial, most idealistic generation ever and they are a big generation. They never learned to work hard for anything so drive needs to come from the outside. But it’s blind belief that is responsible for some of the worst calamities humanity knows.
Belief in climate change seems to be linked to willingness to cooperate for the common good. This suggests there may be ways to bridge ideological divides to combat complex problems.
African countries are already booking stakes in Tanzania’s $42 Billion LNG project
Shell is not done building super-expensive LNG plants. They just stopped its Prelude disaster sinking many billions, and there is the next adventure again. More than 40 billion for a 15 million tons plant is a steep price tag. Not as steep as Gorgon was in Australia or even the PNG projects but it’s still awfully expensive. The only way to make such a project is by considering that the world will pay through the nose for its energy forever. What if the world goes into a recession? What if the markets that were supposed to carry this cannot afford the product anymore? But managers will have cashed their bonuses by then so what do they care?
As it prepares to sign the host government agreement and begin the front-end engineering design of what will become the largest energy project in eastern and southern Africa, Tanzania estimates that the cost of developing…
Using Natural Gas to Go Carbon Negative
How renewable are the tons of concrete and steel in a wind turbine? Or in a solar panel? Those energies are anything but renewable as when the wind turbine breaks down (yes, they have a shelf life and deteriorate) it does not renew itself all alone. Most of the time it needs to be taken down and replaced by a new one using yet more concrete and steel. But methane is very different. We start to understand that most methane does not form biologically but rather is the product of an abiotic process called serpentinization. Planet Earth is a methane-generating machine and the atmosphere is a powerful oxidizer of methane. It’s the only real renewable out there.
Russia Halts Some Oil Wells But Keeps Production Data Secret
That’s not new. Anything vital has been kept a secret in Russia since forever. It’s not a society that thrives on information and the competition of ideas. It’s a society that still functions as a Khanate. People don’t even want to know as information (true information) is considered dangerous and in Russia it probably is. Russia never wanted to give information on its gas production either. When you conclude a GSPA with Gazprom, all you get is that the gas will come from the Unified Gas System. I guess Russia’s upstream is a mess ready to blow since long before the war. That’s why it needs to be kept secret.
Moscow pledged to curb output by 500,000 barrels a day in retaliation for western energy sanctions and to support the price of its oil.
In A World First, California Bans New Diesel Truck Sales From 2036
Why do we have to wait another 13 years for that to happen? Do it now. And make that a total ban so no diesel truck can enter California from now on. There should be a constitutionally fixed rule that no law that will produce its effects beyond the end of the term of the current government can ever be taken as this kicks the can down the road. The people have to feel the effects of the idiotic policies they are supposed to support. That gives them a chance to show its governing elites what they think of it at the next election. But I guess that’s not what those politicians want so I better not hold my breath on any of this ever changing.
California’s regulators have unanimously voted to move with a plan to ban the sales of new diesel trucks as of 2036 as part of the state’s push to clean up its transportation sector emissions
How Permanent Is The Coal Industry’s Bounce Back?
It’s bouncing back largely because of countries that don’t give two hoots about an imagined crisis so that’s pretty solid. Plus, the world goes into crisis mode for quite a while which means that there will be ever less money for those renewable contraptions but the world still needs reliable energy. Coal has excellent long-term prospects because once the infrastructure is there, it’s easy. In North America, cheap shale gas has brought coal down. Not climate policy. It’s a competitor that will make sure that it stays low but then again, coal would liberate a lot of Natural Gas to replace oil in transport. But that’s another cup of tea.
The coal industry has been pronounced dead multiple times in recent years, but the energy crisis triggered by the global pandemic brought it back to life, although perhaps only temporarily.
Shell halts production at Prelude floating LNG facility
I learned a lot of lessons while I was working for Oil & Gas. One was that if you have the choice of doing something onshore or out at sea, you go onshore. It’s cheaper, safer, and operationally much less challenging. Floating receiving terminals are already rather inflexible and expensive but floating liquefaction is a wholly different bag of worms entirely. Those are very complex processes that suddenly find themselves on a moving deck. Liquids that don’t flow through pipes the way they should as gravity changes all the time. Everything is crammed together which is not good from a safety point of view and tanks are limited in size by necessity. But have we learned the lesson?
Shell has suspended production at its Prelude floating LNG facility off Western Australia due to problems with its processes, a spokeswoman said on Friday, and is working through steps to restart production at the world's…
Silence of the Grid Experts
And they know exactly why they are silent. It’s bad for your career to speak out against the green industrial complex and might even cost you your job. Most European grids have been built in the past when utilities were still monopolies and state-owned. Engineers at the time knew that there would be consumption-generated events that would bring the grid into uncertain territory so they overbuilt it. They wanted to make sure that the lights stay on even if things go a bit haywire. This overcapacity was our safety but renewable developers soaked it up as freebies. Now our safety is gone and the developers got used to free stuff. They don’t like the prospect of paying for the crap they do of course.
by Planning Engineer (Russell Schussler) There are many reasons why grid experts within the electric utility industry have not spoken out when unrealistic “green” goals were being developed and pro…
Italy Returns to Nuclear Sanity. Shouldn’t We?
About 4 years ago I had a meeting with an advisor to a Prime Minister of a European country. During breakfast, he told me that his boss had told him that Climate Change would be one of the dominant political battles to come and he also told me that he was convinced that it was all a hoax. But he also told me that currently (about 4 years ago that is) he could not touch the topic as it’s still politically toxic. Then came COVID and then the war in Ukraine. But his general prediction was solid. There will be countries that will return to sanity. There will be setbacks as the outcomes of elections are always uncertain but the trend is as inevitable as Thanos is.
Chinese giant eyes LNG imports with talks over joining $100 billion-plus Saudi gas project
I understand why Saudi Arabia goes with China. It speaks with one voice and makes commitments while all others bicker. Dealing with the Europeans is a pain in the behind at best. Not only are they bickering but they always put politics in the way. But China is a disaster waiting to happen. 20 years ago I said that I don’t believe the figures we get from China. I don’t believe those from my own government but those from China even less. China looked like a Ponzi scheme then, now it’s a fiasco. But some learn only through pain. Europe is a mess and a piece of work, but it’s the better long-term partner for the Saudis.
Biden quietly backs behemoth natural gas project despite pleas from climate activists
In Austria we have a saying that goes something like this: if you go to sleep with dogs, you wake up with fleas. Biden likely never had any spine but what politician has, so he used whatever political fad there was to his advantage. I don’t believe that he believes in anything he says but then again, that’s just what a politician needs to get farther in his/her career. No memory and no spine. But those activists now are not going to go away and they will also never be satisfied. You cant throw them a bone and they will demur. They will keep coming at him as they won’t ever have their fill. He should have thought better.
The Department of Energy formalized a decision green-lighting a massive natural gas project in Alaska on Monday that could lead to massive exports to Asia.
Poten Execs Talk Driftwood’s Customer Problem, Permian Gas for Asia
And this problem has a number of sides to it. One would be that European customers cannot be seen signing long-term supply agreements because of their virtue-signaling political landscape and it’s those long-term agreements that are needed. Second, for the longest time, US projects have unduly focused on Asian customers but those switch back to coal and less to LNG. But the worst mistake they made themselves was their utter arrogance. They thought that if they build the project, the customers will come as they have always done. True Business Development is not a skill they care for apparently.
The proposed 27.6 mtpa Driftwood LNG LLC project has one fundamental problem: a lack of customers, according to Poten & Partners senior adviser Gordon Shearer, who also highlighted the potential for Permian gas to reach…
Russia Races to Replace Western Technology to Boost Gas Exports
Most of this gas is in the deep Arctic and even today massive ice-breaking class LNG transport ships have to be used to get the LNG out. I don’t know how much more expensive those ships are as compared to regular LNGC but it must be substantial as whenever possible the exporter pays for the luxury of reloading’s in warmer waters and I know how expensive those are. But if Novatek has counted on Climate Change to help with this I have really bad news. It’s getting quite a bit colder and the way this looks to me this cold snap won’t end before the end of the useful life of those projects.
Desperate to find new markets for the vast quantities of natural gas it once sent to Europe by pipeline, Russia is on a mission to dramatically increase its…
Europe to lose two-thirds of storage capacity in hydrogen conversion
I know energy executives that have told me in confidentiality that they expect this hydrogen thing to blow over and maybe they have to use their Natural Gas assets to transport and store hydrogen but when people come to their senses, they can just flip back to Natural Gas and no further harm is done. But it’s not so easy. Hydrogen is a very aggressive molecule that not only embrittles many metals. It also permeates through anything so there will be constant leakage. And it is also very explosive even at low mixtures with air so this is a massive hazard. How many pipes will we lose? And terminals?
Hydrogen’s lower energy content per cubic metre compared with natural gas will have major implications for the European energy system, RAG CEO tells Hydrogen Economist
Stranded assets: Real issue or just another narrative?
The term “Stranded Asset” itself is already much of an oxymoron. If it’s stranded, it means that it cannot be economically exploited. This means it ain’t worth anything. It’s the discussion of what’s worth more on a deserted island. A diamond or a sack of potatoes? It all depends on the circumstances. There are giant oil and gas fields in the Russian Arctic that we know of but that are so expensive to develop that the market would never provide the revenues to cover the cost. Are they an asset? They are certainly stranded.
Natural Gas Hookup Ban Restricts Consumer Choice
Yes, and it does something else. It makes anyone thinking of opening a business have second thoughts about going to NY for it. Also, it will make those on the higher end of the income ladder reconsider massively. High crime, rats, dirt, social justice warriors everywhere, and very expensive “everything”. Showing everyone that you are going to be a pest is not going to make NY more attractive. So maybe it won’t matter so much anymore if there is enough consumer choice as there won’t be quite as many consumers anymore anyhow. The Big Apple is full of maggots.
OPEC+ Has Lots of Dry Powder for Further Cuts
OPEC might take further cuts in the future but I have a feeling it won’t be easy and without consequences even in the biggest and most powerful of all those countries. You see, with higher revenues also come bigger spending plans and habits. Spending always rises way faster than cutbacks come in when things are less sparkling. Even the king of the hill among its OPEC peers, Saudi Arabia, has a public budget and the money for it comes mostly from oil. If you are used to hardship, some more of it won’t get you in trouble. But if you are used to the easy life and suddenly just mildly less luxurious times roll in, this might cause revolts.
Shale Oil Drilling Getting Cheaper
I have watched the shale universe for close to 20 years now and I can impossibly count the number of times when shale was pronounced to be dead. Just as many times has the end of more innovation been pronounced. I always kept it with the late Feynman “There is plenty of space at the bottom”. I am not a driller so there are plenty of people with much better technical knowledge than I have in Oil & Gas out there. But I am pretty good at spotting patterns. Those who know me also know my prediction record. Shale is just getting started. When it gets into high gear, hold on to your hats. The true entrepreneur is always most dangerous when pressed into a tight corner.
The I Have Ascended Beyond Fallacy
I am a weird creature. I come from a family where academic achievement was looked at with some bewilderment. I was the first in my wider family to have an academic degree. And I did not get it the normal way. Just like the rest of my family, I learned a profession when I was younger in an apprenticeship. I went to college much later in my twenties when I had already worked on 4 continents. Why do I tell you all this? I have mingled with both worlds, the non-academic and the academic and I have met a lot of idiots with degrees and really smart people without and vice versa. It’s not the differentiating factor.
There is a special kind of argument you hear only from academic Experts. Non-academic non-Experts never use it; or, if they do, I’ve not seen any example (beyond parroting AEs). This academic…
US and Qatari LNG: Competitors or a parallel universe?
US LNG players have to be way more creative when it comes to the commercial environment. They don’t have the clout of a giant state-sponsored player that strategically develops markets and capabilities it deems interesting. But they are also exposed to the hot and all-consuming wind of market forces and competition. They are also in contact with the most paradigm-busting force in the oil and gas world – the shale driller. And they operate out of a very liquid market with lots of domestic outlets that all have the potential to swallow anything they can produce. I am happy they both exist.
The two heavyweight exporters are miles apart in their approach to the market, but the interplay between them will define the future of LNG pricing
Africa must end foreign dependence, says Appo
The world would be a much better place if at least part of Africa got its act together. There are some bright spots but taken together the continent stands more for poverty, misery, and all kinds of squalor imaginable than any other region on Earth. That by being endowed with an almost endless bounty of gifts in its soil. Or maybe that’s the problem. Countries like Switzerland have very little in terms of natural resources and they are incredibly rich. Having resources is great if you give yourself the structures that allow your best resource, the entrepreneurial spirits of your population, to blossom.
Serious Energy: Coal, Oil & Gas Deliver Warmth, Light & Power All Day, Every Day
If the French queen Marie Antoinette who died under the guillotine has left behind a legacy it was a few memorable words: Let them eat cake. The people were hungry and asked for bread. It is highly doubtful that she ever said the phrase herself and there is a lot of debate on how she became associated with it, but that’s what lingers in our memories. And that’s what those activist elites will leave behind as well. They live in a parallel world and don’t have to deal with all the stuff we normal people have to deal with every day. No wonder they lose it.
Coal, oil and gas, are truly modernising forces, lifting billions out of agrarian poverty – powering machines and driving industrialization. People called on fossil fuels, when they should be…
Christine Anderson: From 15-Minute Cities to Climate Lockdowns, the Onslaught of Digital Tyranny
It may be that some of the elites have such designs but I am still not overly worried. I have enough exposure to elites to know how incredibly unorganized they often are. Those who want to create something that’s less than a madhouse do it more for income and self-importance than for real evil domination wishes. In 1991 I was a UN soldier in Syria. We were under constant high alert because of the situation in Iraq. One day I walked on the beach in Tel Aviv and met an Israeli without protective equipment against chemical agents. He told me that Saddam might want to shoot that toward Israel but he is sure Arabs don’t have what it takes to make it real. The same is true for the elites. Let’s not overestimate them too.
“The Digital Green Certificate, the COVID pass, that was a test balloon to get people to [have] to ...
Mann’s Twitter Mania is Embarrassing
What’s it worth if 10.000 graduates in Social Sciences and Gender Studies agree that Climate Change is human-made and only one real climatologist rejects it? Who do you believe? Those who don’t have a clue of what they are talking about or one of the best experts this planet has? Mann needs the consensus fiction as he knows that his claims would not stand up to scrutiny from those who know. Not even the IPCC dares to say anything more definitive than pointing at a consensus. It’s a poor replacement for facts.
Lomborg: ‘Organic agriculture’ could optimistically support 4.7 billion people – ‘Industrial agriculture’ could optimistically support 12 billion – Current global population is 8 billion
That’s very optimistic. Without chemical fertilizer, pretty much all the gains from the Green Revolution in the Seventies would be canceled out. Many regions of the world that produce food today would become very hard to manage. We will get a taster of that even in this same year as we are running out of fertilizer. Its production has been hampered by the war in Ukraine. Very few regions function without fertilizer at all. Most of them are in the temperate zone and even they will still see losses in productivity. Besides, the activists won’t stop at fertilizer. They won’t stop until we see millions die. And then they will blame anyone else for it.
Environmental impacts of cultured meat: A cradle-to-gate life cycle assessment
One day in the future, we won’t eat parts of animal corpses anymore. One day it will seem utterly incomprehensible how something that once lived can enter our mouths. But this day is not tomorrow. We tend to overestimate the near future and underestimate the longer-term future potential. I am quite sure that in the lifetime of my children, this will take off. But I have a feeling that whatever enters my mouth while I live will have lived. Just because it’s possible does not mean that it makes any sense at all at this very moment.
Interest in animal cell-based meat (ACBM) or cultured meat as a viable environmentally conscious replacement for livestock production has been increasing, however a life cycle assessment for the current production methods of ACBM has not…
Sinopec begins drilling Asia’s deepest oil, gas well in Tarim basin
Deep drilling, unconventional reservoirs, unconventional compositions, and whatnot more in terms of issues to deal with but guess what. This is oil and gas produced in the country. Not only does it provide security of supply when things go awry, but it also creates jobs and throws money at the local communities where this happens. So even if this oil and gas have a higher cost than some reservoirs in a conventional oil and gas export country, it is still worthwhile to pursue. Besides, innovation will bring the cost down but this needs entrepreneurs, and that’s hard to find in a one-party state.
With a design depth of 9,472 meters, it will be the deepest oil and gas well in Asia and a breakthrough of milestone significance in China's ultra-deep oil and gas exploration.
EU Wants Global Gas Sellers to Join Its Matchmaking Platform
Let me guess – they think that such a platform would bring the price of their extreme stupidity down. I have bad news. It won’t – Europes leaders have caused this crisis as they have kissed the Russian czar’s buttocks even after he had clearly shown his intentions more than a decade ago. I once worked for OMV, the biggest company in Austria. When I joined, the Russian part of Austrian gas was around 60%. Right before the start of the war, it was above 90%. Not only were we in a bad dependence situation, but we also made it a lot worse. Supposedly smart constructs such as matchmaking won’t fix that. Only if Europe gets back into the long-term game we can fix this. But that clashes with the nonsensical green rules.
The European Union wants international gas suppliers to offer to sell gas on its newly created purchase platform in order to prevent spiraling prices from battering industry again this year, according to Commission Vice President…
Archbishop Blames Climate Change For Illegal Immigrants
If alarmists were right with their assumptions, one of the biggest beneficiaries of this all would be Russia. A lot more of what is now wasteland will transform into good land to thrive on and Russia has lots of it. But that would also mean that those refugees would flock to Russia as their problem would turn into an advantage there. But where do those illegal immigrants turn up? No, not in Russia. They come to Western Europe and North America and massively into regions that should be hard hit by climate change like Florida. The problem is not the one that utters such garbage – the problem is those who listen.
By Paul Homewood h/t Ian Magness The Archbishop of Canterbury has torn shreds out of the Illegal Immigration Bill, labelling it "isolationist, morally unacceptable and politically impractical&…
Charles Is Not Your Climate King
Everyone is always crazy about getting the top job. Until they have it and find out that it’s far from the lofty ideas they had before. As Prince of Wales, Charles had to follow a lot of etiquette but as long as his mum ran the show, he was a comparatively free bird that could follow his convictions. Now, his role is tightly circumcised. The role of the King suffers a lot of scrutiny and any of his utterances might produce a backlash or even a full crisis. Time to thread carefully. But maybe, contact with the reality of things might show him that some ideas are better left in the fantasy world.
When Queen Elizabeth II died September 2022, her son Charles III became the new king of England. Immediately, headlines advised...
Entire Global Food Supply at Risk From Disastrous Response to So-Called ‘Nitrogen Crisis’
This is the biggest real threat we face. In 2023, we still eat 2022’s harvest so the war in Ukraine and the supply chain crisis do not hit us that hard for now. But the world is running short on edible calories and most countries that import most of their food will feel its effects. The very rich ones will simply throw money at the problem ripping a massive hole into their public finances. The poor ones will see lots of people hungry again. There will be death, there will be political uprisings and some of the more unstable places on this planet might erupt. Forget about imaginary crises like COVID or Climate Change, this thing is real.
Global food supplies face collapse if the use of nitrogen fertiliser is restricted under Net Zero requirements. Yet even the alarmists' models show nitrogen oxides make a negligible contribution to global warming.
Aramco Weighs LNG Exports as Hydrogen Talks Prove Tough
What Aramco essentially says is that talk is cheap. You say you want hydrogen, you know this will cost a boatload of money and there is no way on Earth that any free market will ever cough it up so scratch yourself and fork over the cash. They don’t want to take a risk on this. I feel them and I totally agree. If the West wants to virtue signal, let them pay for it. Aramco is exactly right but as Western politicians know that their public finances are broken, they don’t have a lot of leeway here. No amount of smart BS contracts will do. Only cash is king and cash has become hard to get by. Don’t expect too many hydrogen projects to make it.
Aramco weighs LNG exports as hydrogen talks prove tough. Saudi Aramco is weighing exports of liquefied natural gas instead of blue
EPA’s CCS requirement is illegal; The agency blocked its Science Advisory Board from saying so 10 years ago
Remember all those court cases where activist groups tried to convince the world that big oil knew that CO2 emissions will bring our doom? Not only that CO2 does no such thing, but those court cases were also brought on the flimsiest of all arguments and on pretty much no real or convincing evidence. No wonder they bombed. But this is a very clear case of a public administration that knew clearly what they said was not only wrong but also illegal and they resorted to more illegality to cover this up. Who goes to jail for this now?
EPA proposed today that utilities stop burning coal and natural gas by 2040 unless power plants can be outfitted with carbon capture and storage (CCS) technology. The agency tried mandating CCS 10 …
Hydrogen Headstart to power new jobs & industry
We are not nearly done with creating ever new bubbles. If it was only the economics, it was bad enough but this stuff is hair-raising dangerous. We know that producing hydrogen is expensive. Really expensive. If you thought that wind and solar have budget-shredding properties, wait until you see the impact of hydrogen on public finances. But producing it is not even the worst there is. Storing and transporting is. No matter what one does, it’s a true money gobbler. The cheapest and safest option might well be the one nature gave us – methanizing it. But activists and politicians are blind and deaf to reality. On our dime.
Tellurian expects first phase of Driftwood LNG to cost $14.5 billion
I know this is many years in the past but LNG had already a CAPEX cost of around USD 500 per metric ton capacity. This is not the most expensive I have ever seen (not even close) but at 1100 USD per ton capacity it’s not on the low end. Has LNG forgotten what it could do in the past? What happened to innovation and better development that was supposed to bring the price down even further? Or is just nobody interested in producing cheap LNG anymore? Are we all sold on the premise that energy will remain expensive forever?
US LNG firm Tellurian is now expecting the development costs for the first phase of its Driftwood LNG export plant in Louisiana will reach $14.5 billion.
The Next Green Front? Your Front Lawn
Have you ever asked yourself when and where they will stop? That’s easy – there is no stopping them. No reason will hold them back, no common sense will ever break their fervor, and no red lines will ever apply to them. Because this is not rooted in reality – religious cults never are. They follow a dogma and whatever the dogma directs its gaze to needs to be taken down. If the old objectives are not radical enough anymore, new ones need to be found. They won’t stop until they are stopped and considering how far we have allowed them to go already, this won’t be pretty. As long as we don’t grow a spine we shall not be surprised that the crazies will rip out what we have in place of one.
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