Thats a bad day for Linde – but it’s much worse for Russia in the long term as their country loses long-term access to western know-how. More than 30 years after the fall of the Soviet Union, the Russian education system is in shambles. Those with the wits necessary have emigrated and they won’t come back easily as their trust in the Russian state is gone as well. And companies that have taken a loss like this one will think long and hard if they want to get exposed to Russia once more when the current mess in Ukraine is over. Russia has truly crossed the Rubicon – there is no coming back from this.
By Geoffrey Smith Investing.com -- Linde (NYSE:LIN) stock fell 2.6% in early trading on Tuesday after a Leningrad regional court seized assets in Russia valued at over half a billion dollars at the request of…
Most Portuguese should have living memories of the 2008-2014 sovereign debt crisis. But then again, looking at how money is thrown by the bucketload at the most unrealistic projects, any memories of default might have evaporated already. It’s human nature. Memories are short, yesterday’s plight is forgotten as soon as the next boondoggle is dangled in front of people. Most individuals live from paycheck to paycheck. When their washing machine breaks down they have to borrow money. They are always one emergency away from disaster but whatever hits them – they never learn. So do countries and their leaders.
For the non-german speakers among you – Ehrlich means “honest”. It’s amazing that a person with this name is capable of amassing such a dishonest legacy. Paul Ehrlich is necessarily one of two things. He either just does not get it and consequently does not have the mental faculties that allow him to come to more realistic conclusions in which case I ask myself why anyone even listens to him. Or, he is a deeply dishonest, crooked player in a misinformation bubble he has contributed to with the objective to secure himself a place at the grand money crapper. And I think I know where this specimen belongs.
Guest Opinion by Chris Talgo On January 1, CBS News’ “60 Minutes” rang in the new year by airing a segment in which several scientists, including Dr. Paul Ehrlich, predicted that we are on the…
I hope they have also secured a money shitter for this project. Hydrogen is an unfriendly molecule. It’s hard to contain as its small size makes it pass through pretty much all materials that are used for such pipelines today creating an impossible-to-stop and permanent leaking event. It also attacks most materials and makes them brittle so only very expensive alloys can be used for this very long pipeline. It also forms an explosive mixture very easily and quickly wherever it hits the open air making it a safety hazard as we have not seen it before. So, producing hydrogen – expensive as it is – is a minor issue compared to that.
I am a fan of direct democracy in certain cases. One such would be if everyone’s voice would be made public and all those that have voted in favor of wind and solar power to be cut off the electricity first. Or to be browned out first. They wanted it so they can put money where their mouth is and show us what a virtuous life looks like. Interestingly, it’s mostly those that have decided upon those contraptions that have the biggest energy footprint and that would object the most violently when their own power is curtailed. As if balancing power falls from the sky at no cost.
The British like to ‘Keep Calm and Carry On’, but panic sets in when calm weather hits and wind power output hits the floor. What follows is another round of opportunistic price gouging by the…
This is not potential. Industries all over Europe will largely hold out for a little while and watch but once things get too bad and they start to understand that there is no credible way out, they will leave. Besides, right now there are still tons of subsidies to cash in on. Who wants to leave that on the table? But as it is, every mountain of money eventually becomes a little heap and rapidly disappears as countries are essentially broke. The people are maybe not the fastest ones to catch on that things have turned very bad for them, but once they do it’s going to be hard going for politicians. Expect saving industries to be the buzzword of 2023.
By Paul Homewood Seeking Alpha, an investment advice website, has rather bad news for the European steel industry. Vale, by the way, are the world’s largest producer of iron ore: …
Because they have no idea what such a world would look like for them as well. They would not be the first children eaten by their own revolution. But if we ever come to that point, it will be too late. That being said, I wanna see them try for real. Because they seem to have forgotten that they are still the minority and that there is a very large majority out there – us – who will object pretty forcefully once crap gets too inconvenient for us. Not everywhere maybe, but in enough places and those few places that will go completely crazy will see a massive outflow of people. Good luck extremists – 2022 was your last easy year.
By Paul Homewood The speed limit on motorways should be reduced to 64mph. Restrictions could be imposed on going from one part of your city to another. Short-haul flights might be ban…
When I was a kid I was told by my father that I can become what I want. Well, not everything I want as the chances for me to become an Astronaut or the president of the country looked rather slim. And I was also told that there would be failure on the way. But I never understood that to be something mythical. It was all grounded in reality. Today’s young got the same message but they must have understood it in a very different way. They must think that they can become wizards, elves, trolls, and other mythical creatures that only exist in the human mind. And such are also their goals for this planet – wholly unrealistic and laughable.
By Paul Homewood h/t Dennis Ambler This is outright propaganda: We’ve left a year of weather extremes – a scorching summer, milder than usual autumn and some bitter…
Is it really a lack of chargers or are current electricity prices driving those things deep into the red? Not that they would not have been there before as well but with copious subsidies, they can survive normal market conditions. That is over now and even the free money does not save them anymore. So I guess it’s convenient to pretend that there are not enough charging points because I doubt there are fewer than before – where have they charged up to now? This is not the end of bad news if you have gone down the EV lane. Brace.
By Paul Homewood h/t Ian Magness More problems in Eco-Land: £6.5 million for 25 lorries works out at £260,000 a piece, which sounds extraordinarily expensive for …
Thats very impressive – and I am not being facetious here. Drilling that deep is a feat in itself but I ask myself if it will ever contribute to a better energy supply for China. Because what I am looking for is not the deepest hole or the most impressive engineering feat but rather the most economical way to produce oil and gas. Thats what enabled shale in the US as it once was thought of as being too expensive to even bother. But relentless innovation, trying new things, failing, pruning back, and trying it again has made a resource once thought of as unworthy the single factor that gave North America the lowest prices for Natural gas on the planet. Not deep holes.
A major breakthrough of Sinopec's "Project Deep Earth," the Yuanshen-1 well has reached the deepest oil and gas formation in burial depth in the Sichuan Basin and further shows the great potential of deep ancient…
Yes, hydrogen is more expensive and dangerous to transport than other fuels, and not only by some percentage points. We are looking at multiples of the cost of LNG transport for example. So why try? We have one tried, tested and economical method of transporting massive volumes of hydrogen and already have a ready market to sell it to. Thats methane. Hydrogen is expensive in production, storage, transport, and distribution. If you must do it, use the stuff thats been in use for a part of your project. Projects don’t get better because one piles loads of additional risk on them.
Joint venture will make use of growing demand for carrier technologies, firms tell Hydrogen Economist
The problem is not the schools or the teachers. The problem is us, parents. We have given education of our children, those we like to pretend to be important to us, to strangers that are politically motivated. What were we thinking? I am not shilling for homeschooling here although if you can do that you do your kids a massive favor. But while your kids go to school, that does not dispense you from engaging with your kids at all times. If you don’t give your ideas and values to your kids, someone else will do and if that happens, just don’t complain. You did nothing to prevent it.
If you’ve never seen this entire episode, I urge you to do so. Note that in Buffalo, the more things change the more, etc. Also note the hopeful ending. Amusing to think the propaganda in…
One thing I envy the US for is that it’s a true federation. Austria or Germany are Federal countries as well but the concept is very superficially realized so that the leaders of the Länder (the federal subunits) are no more than greeting clowns that spend money they get from the federal government. In a sense, they can’t run a lot of meaningful policies except harass their own people from time to time. The US has 50 different systems that are more at arm’s length from each other than the members of the European Union allowing for a microcosm of diversity. Some will mess up, but some will succeed and keep the organism healthy. No such thing here in Europe.
Will woke fossil fuel hating banks like BlackRock have to disclose the risk of being boycotted by GOP states on their SEC climate risk declarations?
Does it really shock Californians? I rather have the impression they want to double down on a bad thing. One thing the rest of the US should do is stop subsidizing the Californian madness. If they want to be miserable, let them have it. I don’t know if that is going to teach them a thing but at least they will have to face and endure the consequences of their own stupidity. Let them simmer, or shiver.
As energy prices in coal states remain steady, California is continuing its green energy revolution plan to bankrupt residents with out of control price rises.
At all times and in all places, politicians like to proclaim how many jobs they have created. When the bitter truth is that no politician anywhere on Earth has ever created true jobs. What they do is take money from their constituents and throw it at whatever they think is good for them. But on the flip side of the coin, politicians sure have destroyed plenty of employment opportunities. Keystone was a project that jumped through all the hoops regulators were throwing at them. Canceling it should expose the responsible politicians to damage claims. Personal damage claims – not to be paid from the taxpayer’s dime. Let’s start with Bidens Corvette.
A congressionally mandated report has revealed the hit on Montana's economy and the lost jobs and income caused by President Biden cancelling the Keystone Pipeline.
South Africa once had an energy infrastructure that was envied all over Africa. Stable and affordable power courtesy of copious coal power. But since the country is dominated by affirmative action programs and political infighting for decades now, any upgrading or new building of additional infrastructure has come to naught. And the old power plants are not getting better as well which means that South Africa is beset by endless load shedding and grid instability. Now they want to throw renewables in making an already horrible problem unliveable. The blessings of politics.
UN funded climate activists are trying to turn South Africa into a playground for their failed energy ideas.
I was always a doubter. Even as a kid I wanted to look under hoods, and questioned the structures in place and my overarching goal was to leave the narrow confines of the life I was born into behind. But there were still some things I took for real, took for solid. One of the was science. That was before I discovered that anything thats in the way of money is political. Scientists today care much more about what they feel is rather than what is. They replace data and hard facts with assumptions and emotions which devalues all and any science. But they destroy their own credibility in the process which will eventually prove to be their undoing. The times when I trusted scientists are over.
Recognizing the difference between what theory suggests and practical knowledge demonstrates is critical.
Question: would you want your electricity supply to depend on a cable that lies for more than a thousand kilometers on some of the seismically most active seafloors in the world? With no possibility for backup in case things go sideways. I am not even talking about the sheer insanity of putting down 30 billion USD for cable alone. We are not even talking about the cost of generation in the first place. Let’s not forget that Singaporeans want their power when they need it and wind+solar power is interruptible so that will have to be balanced some place which costs a big stack of green bills again. Good luck with that.
Sun Cable, which planed to export up to 20GW of solar energy from the Australian outback to Singapore, has entered voluntary administration after an unresolvable dispute between backers.
The Germans have come down hard on conventional energy and go everything electric – especially the Greens. Their original plan was to skip anything else. But they only ever thought of power production and completely forgot that industry needs process heat and that some forms of mobility cannot be done realistically through electricity. Thats when they started to look into other stuff such as hydrogen. But no matter what they look at – costs will rise and so will prices. People are already now pissed like never before. This is going to deepen. Expensive energy makes everything expensive.
Could the DC Circuit — supposedly one of our premier courts — fall for something this blindly ignorant? We shall see.
The entire mining part of this so-called green revolution has been outsourced to countries like China and for a good reason. It’s ugly, very ugly as for many of those materials, ungodly amounts of raw soil need to be processed to strip the valuable parts out. We are leaving behind moonscapes with toxic lakes and death in the air. People in those regions suffer from the most horrible of afflictions. But we don’t see that as it happens far from the television cameras. So we can feel good and smug as we save the planet while we destroy it more than anything we have done as a species to this planet before.
I do advocate that, since all forms of energy have negative impacts, to make energy sustainable decision-making should be well informed, transparent via sound (vs. politicized) science–and consumers should be well-informed about both the pro’s…
That is actually the most fitting person to do this. The whole COP exercise has been an exercise in hypocrisy since its inception. Those in the lead know very well that it’s all made up but their livelihoods depend on it so they continue to blast the message. Those in tow are way too credulous and too intellectually harmonized at the lowest level to ever doubt anything. And in between are so-called global leaders, and politicians, who could not give a rodent’s backside about the next crap they spoof as all they are interested in is their careers and they will virtually do anything to further those. The symbolism is perfect.
Climate campaigners are concerned Sultan Ahmed Al Jaber may not put his heart into wrecking his own national oil company.
So, once more Climate Extremists have one more made-up supposedly consequential link that they used to underpin their theories that crumbles to dust but the storm of idiocy that seems to have taken hold of our various political establishments seems to have no bounds. I see plenty of new declarations of fealty to the cult (and yes, lacking even the faintest evidence for their dogmatic beliefs can only be called a cult) by governments worldwide which can only mean one thing. Plenty of governments to fall pretty soon. This is an opportunity for opposition parties. Will they cut to the chase or have they abandoned their voters just as well?
This blatant failure by the climate alarmist media to address the reality of declining weather event severity and instead conceal such data is just another example establishing the dishonesty and deception of climate alarmist propaganda…
When the parents don’t know anything about Climate Change and are prone to repeat mindlessly what the media and the talking heads serve them, how would they be able to communicate about it with their children? This is a piece of work and the most important part is to infuse your children with a sense of anti-panic and self-reliance. If the kids generally know how to deal with problems, if they know how to find information and relate the bits and pieces to each other in a sensible way, they won’t be fooled that easily by education drones. But we will need to take education back from school – if we leave it to the teachers alone, don’t complain about what you get. Your kids are your fault.
Florida has come out of a pretty scary hurricane season and professionals say kids, especially teens, have shown anxiety about climate change.
If you had to make a decision on what fuel to go for, what would you do? Would you go for a fuel that is corrosive, that will kill you if it leaks and that has very little technological and supply chain base to feed from, or would you choose a fuel that has a huge market to thrive off, a very mature technological base to use and is not corrosive or toxic and won’t even explode if leaked? Because thats what LNG is – if it did not exist it would have to be invented. All issues around LNG have been ironed out in decades of operation producing the best safety record of any fuel. No wonder shipowners like it.
LNG was the fuel of choice amongst owners ordering ships for operation on alternative fuels in 2022.
Unsubsidized? China must have developed a magic wand so that what needs a ton of subsidies in any other country can thrive unsubsidized there. It’s the country where milk and honey flow for sure. Or are we to believe that China’s figures and statements are not totally trustworthy? Could China bring out a lie? Unimaginable as it is, we still must consume those statements with a bucketful of salt. The salt that eats away at the structures in the sea – let’s see how long that works with no further drops of money from the public.
Catastrophic fires caused by – thermal runaways. Parked vehicles with no apparent prodding from outside erupt into flames. Reason enough for many parking operators to ban EVs in their buildings. Now the weight of the batteries might cause structural deficiencies. How can that be insured against? If a car park collapses and there were EVs inside, how to decide if it was them or another reason? Oh, those long-burning hot fires are not good for construction integrity either. Looks like we must ban EVs from entering or being close to anything that matters.
The British Parking Association wants local authorities to conduct urgent structural surveys to avoid potential damage. Electric cars are roughly twice as heavy as standard models
Once the war is over, Russia will gradually come back to the European energy market as it will need to make all money it possibly can. There will be conflicts in some more neighboring countries to finance and I fully expect internal strife to play a role in Russia henceforth. That said, even if they come back, they have awoken the sleeping giant which for them was the European market. European politicians have found in Russia and its warmongering a convenient excuse to introduce inflation which would have hit us regardless but now the culprit is in the East. They won’t let that excuse for their own misdeeds let go easily.
Reshoring essential activities such as mining is a good thing in itself. But part of the reason why batteries have been a bit cheaper (and some other green stuff as well) was that much mining and processing was done in China and other countries that don’t pay any heed to environmental protection. This stuff coming out of the US will be a lot more expensive. Is the green industrial complex prepared to deal with this as they had sold us on the idea that any of this could be cheap – when it never was?
The U.S. depends on China for more than half of the minerals and metals deemed critically important for our nation's economic health and military readiness. While China has made mineral producti
Is that the death knell for climate lockdowns? Or will policymakers simply ignore all evidence once more to do whatever comes to their minds and not what makes sense? Humans want to live – they don’t want to subsist. So cheating is rampant and as politicians care about nothing as much as their own fortunes and careers, they will do what they can to enable cheating. Wanna end human CO2 emissions? Then humans will have to go away. If that is what you want, count on my and many others’ stern opposition.
Europe might have been lucky on this one. Russian gas was bound to decline pretty soon as the old legacy fields in Urengoy and Yamburg are declining and their replacements in Yamal can’t backfill what would be needed. Europe would have faced a moment of pain anyhow and if I know one thing it is that I want my pain to come fast and hit me hard as it will kick me into action. Slow pain allows for a lot of wallowing until the situation is really bad. The war in Ukraine – as horrible as it is – came at the right time for Europe’s energy.
Tesla was always a Ponzi scheme – no matter how much I like what Elon does at SpaceX. I just hope that the Tesla disaster won’t have any bad repercussions on the development of the new Starship rocket as I think it represents a milestone for a space-based economy. But there seems to be enough insulation between the two companies. Electric vehicles were always a bad idea and even a marketing genius like Elon cannot do away with physics. Good riddance.
The ongoing drop in Tesla’s share price has led to a 65 percent reduction in market capitalization, bigger than the combined valuation of pretty much any legacy carmaker
The bureaucracy monster has never been more than a “get rich quick” scheme for well-connected consultants and a “kill the smaller competition” scheme for big companies. Only the big players can afford the kind of legal departments that can stay on top of all the new arcane rules invented. It’s a blackmail scheme for me as its only real impact is enabling the “regulatory industrial complex” to siphon more money from corporations and banks away, money that won’t be available for productive work in the markets. We need to slash regulation massively. It’s a good thing in principle but it has gone way overboard.
The year 2022 brings an end to an era of illusions: a year that saw the end of the post–Cold War era and the return of geopolitics; the first energy crisis of the enforced energy…
And who would be most hurt by that? Exactly right. China. The US does not really get a lot of crude from outside anymore and what it gets does not tend to come from the Gulf. But China is utterly dependent on resources from the Gulf so they would feel the pressure pretty much immediately. India is another one who won’t like that very much. It just so happens that India and China, while not being able to match the US Navy in any way, are most likely able to deal with this. Plus, Iran would be hard-pressed to ease the pressure on countries they tend to be on good terms with. Iran won’t do any such thing. And if they did, why would the US interfere?
Robots will be the growth engine for much of the developed world in the future as populations decline and labor becomes scarce. That replaces only the labor though, not the consumer and our consumer-based economies will have to do a lot of adaption to that. The best would be policies that allow people to have children again. Right now having children is a massive burden to anyone in a developed country. They have gone from free labor to very expensive, annoying pieces of furniture. Much of that is our own fault and we will have to work on that but some better support for mothers could pay off handsomely over two decades or a little more.
If Egypt could only reform its antiquated governmental and economic system a little bit, it would have a lot going for it. Plenty of new energy resources, plenty of space to grow, positive population growth, outstanding opportunities for even new touristic ventures, and closeness to Europe. Also, the best rail system on the African continent and a river that could be made into an artery for brown water trade once more. Imagine a shipping channel on the coast from the Nile river mouth to the Suez channel. It’s high on my “places to be” list for the next 20 years.
Recession is a very weak word to describe what we will be saddled with for the next decade. Europe has already contracted the Japanese disease. Forget about any form of growth – some countries will be glorified tourist destinations making Europe one giant museum and nature resort but in terms of industry, it’s pretty much done. There will be a new industrial base around the Black Sea as there is plenty of O&G (conventional and shale) there and they will need a lot of reconstruction after the war. North America will still thrive but there will be pockets of misery and China will become the sickest economy we have ever seen.
The world faces a recession in 2023 as higher borrowing costs aimed at tackling inflation cause several economies to contract.
Let’s see the positive in those things – pretty soon the film industry will be served with real-life backgrounds for any number of dystopian movies they ever want. Because none of the developers have put down a decommissioning bond (something thats the norm in O&G) we will be saddled with those rusting hulls for a long, long time. They will constitute a hazard in time and as this must be sanitized, the owner of the land will be first in line to foot the bill. There won’t be any recourse because the wind operators will all be bankrupt.
When the wind industry fiasco inevitably grinds to a halt sometime in the next decade, those that entertained it – be it gullible farmers who traded 30 pieces of silver to destroy their communities…
Germany has never left the path of lignite-coal. They could never afford to as despite their crazy buying and selling of balancing energy in their neighborhood, the imbalances thrown in by excessive wind and solar were impossible to bridge otherwise. Coal is the exact opposite of wind and solar. It’s reliable, provides power when it’s needed and not when the weather gods decide to have some fun and it can be easily and very cheaply stored. Expect more European countries to revert to more coal.
Germany is set to boost its reliance on coal as it battles an unprecedented energy crisis — even at the expense of its ambitious climate goals.
Are Texans aware that they survive as a courtesy of Natural Gas, a much-reviled fossil fuel? Because I have a feeling that green extremists and politicians will still pin all the blame for anything wrong that happens on conventional energy forms while the culprits, the wind and solar monsters, are the true cause of this all. Traditional energy has really despicable marketing, and many of the companies have the most spineless management I have ever seen.
By Paul Homewood Over the weekend the US declared a Grid Emergency in Texas, as temperatures plummeted. The emergency order from the US Energy Department allowed the state’s gr…
It’s about time this travesty ends. Cutting down whole forests for green virtue signaling is one of the worst things this madness leaves behind. We will be saddled with trillions in useless infrastructure, we will have to drag this debt behind us, and we are shredding the competitiveness of our economic systems to bits but all this will be overcome. It’s terrible, it’s painful but none of it is as perverse, as painful to watch, and as obscene as the shredding of forests. It will take a lot more time for those wounds to heal.
By Paul Homewood h/t Ian Magness From Mongabay: On December 15, Australia became the first major economy worldwide to reverse itself on its renewable classification for …
Most EV owners I know have their EVs as status symbols and hence as a second or even third car. They use normal, combustion engine vehicles for anything that resembles normal business or where they need reliability. Their EVs only come out for show-off. So they won’t be too inconvenienced. Besides, many have diesel gen-sets at home to be sure they can charge their clunkers. That being said, despite all the backup and preparedness, even slight inconveniences irk those people out of control. Does not augur well for the EV market.
By Paul Homewood Lengthy queues were spotted in Hertfordshire, Cumbria, Westmorland and Telford as drivers travelled to visit relatives during the holidays. Around 24 electric vehicle…
When I started to work with African countries about 2 decades ago, I brought home some terms that were completely alien to European ears. Load shedding, brownouts and the notion that electricity would break down multiple times a day and generators would be needed to run a modicum of normalcy was something unimaginable. No more. Load management techniques that cut people off from electricity at certain times of day are coming and it’s coming fast. If you seek a culprit you have only to look in the mirror because we all have allowed those politicians to come into office. They told us what they would do – we thought it would not be so bad. Think again.
By Paul Homewood h/t idau In other words, brown outs! Ofgem has approved the national rollout of a new energy system developed by the network operator, Electricity North…
If climate change caused erosion, how come that ancient civilizations are now under the sea and have been for more than a Millenia? I am always amazed by how little so-called experts know about coastal erosion, the actions of waves, and hydrostatic rebound. Yes, those issues are complicated but not more complicated than many other science issues and they can be understood by someone willing to see the facts for what they are. But if you have to serve the holy scriptures of Climate Change, every problem is a nail.
By Paul Homewood They’re lying. They know they’re lying. But they carry on lying anyway: In a small village on the north Norfolk coast, some residents are wondering how long they’ve go…
The battle for subsidy money turns nasty. Looks like project developers for green Fantasy have found out that the streams of money from the public purse won’t be endless anymore. Not everything that the alarmists can imagine as a so-called solution to global warming can be done so there is competition for funds. Nice to see how nasty one group becomes towards their brethren when money gets rare. Turns out that the only green those people are after is the green you can put into your bank account.
By Paul Homewood h/t Ian Magness The heat pump lobby say hydrogen is not the answer, and the hydrogen lobby say heat pumps aren’t! The gas switchover of the 1960s…
Things in hydrogen start to get real and companies find out that while it’s hard and expensive to produce green hydrogen, it’s way harder and much more expensive to store and transport it. This is why there are so many different options currently looked at for doing that in a derivative form. From toxic ammonia to physically challenging Liquefied H2. But among all of them, there is one, only one that can boast one thing that no one else can. Fully developed, paid for and operational receiving and distribution infrastructure. Wanna reduce risk? Go the e-Methane route. Really serious about taking risks down – go for Natural Gas.
Tokyo Gas Co. Ltd., Osaka Gas Co. Ltd., Toho Gas Co. Ltd. and Mitsubishi Corp. have entered into an agreement to conduct a detailed joint feasibility study on a project to produce synthetic methane in…
Wait, they want to store CO2 in the Gulf of Mexico so I assume they want to use some old oil field for doing so. Just by accident CO2 also is a great dissolvent of heavy oil and is one of the best agents to increase oil lift from old fields as it makes the oil much more fluid. So, the CO2 that is collected, treated, transported, and injected at the taxpayer’s dime increases oil lift for oil companies while they can brag about green credentials. That’s just too good to be true.
Carbon-Zero US, Cox Operating, Crescent Midstream and Repsol announced a partnership to develop one of the Gulf Coast's largest offshore hubs for the permanent storage of carbon dioxide.
The new CEO of Petrobras wants to play an old game as long as he can. He likely knows that his stint in power at the Brazilian behemoth will not last forever and the term energy transition is just perfect to hide all kinds of programs that allow plenty of sweet deals on the side plus to shirk responsibilities. As the green mob will always go easy on a CEO that wrings his company dry and destroys its core business when he makes the right noises and overtures. But who knows, maybe it’s a smart ruse to keep the greenies looking away from some real O&G heavy drilling. We will learn soon enough.
President-elect Luiz Inacio Lula da Silva has selected a senator and former Petrobras official to lead Brazil’s state-controlled oil giant with the aim of turning it into a renewable energy powerhouse.
Not every molecule thats being emitted from anywhere will be caught and converted to good use by man but we can do a lot better than we are doing now. Perversely, much of the methane emissions from shale developments stem from green activism as they prevent the construction of new pipelines designed to take away the gas and bring it to a place where it can be put to good use. As so very often, green policies and activism together are not making the world a better place, they are making the world a much worse place. But gas can also be liquefied in mini liquefaction units and transported by truck. There is a good market for that.
Two NETL-funded projects are working to develop efficient natural gas conversion technologies that produce marketable solids and liquids to mitigate methane emissions into the atmosphere.
We find out that the world is a dangerous place full of uncertainties and terrors. We have found out that depending on your essentials on a supply chain that stretches back over half the globe is a recipe for doom. We have found out that countries must strive to ensure the basic functions of their society domestically and we found out that making stuff locally has a price but being cut off from a supply chain that we depend on is deadly. We have forgotten that the world is full of terrors which were marred only by the occasional report on piracy in some faraway place but the risks never went away – they were just dormant. We need to go back to building a much more resilient world.
The Ukraine crisis has shaken the established norms of energy geopolitics and has set the world on a course that will see no return to the status quo of just one year ago
The rich have tried to bribe the poor. Now that money is running out, it’s open threats. What if and when the poor just don’t comply anymore? What if poor countries just don’t pay any heed to the climate nonsense anymore and once they find out that bribes are not coming, they just do what they need to do? Will we militarily occupy them? Will the rich world bomb them into submission? What if what happened to Italy happens to more countries in Europe? What about a country like France or Poland that goes “cut-the-crap-on-Climate”? Some countries will go down the deep end, but not all. Not even a majority.
the correct take that there are ways to make progress while feeding everyone, to make “the environment” cleaner and stronger while building a lot of necessary stuff – but it takes work, and not blame.
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