Net Zero? Fossil Fuels Are Leaving Us Before We Leave Them

Hydrocarbon fuels will never leave us. We may run out of coal, the one true fossil fuel, some time down the line but hydrocarbons such as oil and gas are constantly being replenished by geological processes deep in the Earth’s mantle. We start to understand the process of serpentinization better and better but one thing seems to be clear. Oil and most of all gas are being produced at astronomical rates every day. What we have exploited so far is the tiny whiff of easy gas. But there is way more in shale, granite deposits, coal seams, and most of all bound in molecular lattices called clathrates. Planet Earth is a hydrocarbon generator. 

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Biden Is Spending $1 Trillion to Fight Climate Change. Voters Don’t Care

In a sense that’s true. How do you relate to 1 trillion USD? It’s such an insanely huge sum that it’s also a bit unreal. Biden could be spending 100 trillion and it would not make a difference. The vast majority have no idea what that does to their lives. But they feel inflation now and while the link between inflation – or better the expropriation of the population – and all those fancy projects is not really understood by most folks out there, they start to ask questions. Those questions won’t go away. They will become more pressing those who are hurting will use anything to pin the blame for their hurt. Soon governments will need every cent they can grab to pacify voters instead of some brainless zombie activists. 

www.wsj.com

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Greenwashing – how industries lie to you

Everyone lies. Anything that produces additional costs is being twisted and massaged until it fits for the least amount of cash in the endless quest for optimization. This happens to worthwhile regulations as well as to rubbish rules. But in climate matters, the total fictitiousness of the entire cause comes on top. Many managers know exactly that this is all hogwash and that any money thrown after it is utterly wasted so they prefer doing as if to the real thing. They can’t face the public and tell them to buzz off as this is all a bucket of horse manure. So Greenwashing will go on until the Green Industrial Complex goes down due to the weight of its own crap. 

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US aims to make Russia’s Arctic LNG 2 project ‘dead in the water’, says US official

I am getting a lot of flak for it but I am still not sure if Arctic LNG makes Russia any money at all. We only get the prettied-up set of figures of course and Russian figures have not been on the very transparent and/or reliable side before the war in Ukraine started. Building and running an LNG plant in Yamal has a price, upstream there has a price, and shipping there is pretty much the most expensive on the planet. All this must be held against the prices LNG fetches on the open market. Does not look good to me. But things have been built, and kickbacks have been paid. Bonuses thrown at managers. Maybe that’s all they ever wanted? 

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Nigeria must navigate gas pipeline project risk

In the minds of people, a steel pipe between the source and the consumption center is the best way to transport gas. And sometimes it is. It becomes unwieldy if you have to cross one transit country. It becomes impossibly complicated with two. The Nigeria – Morocco Gas pipeline has 11. Each one might throw a fuss at any given time and make the project either more expensive or impossible altogether. What are the odds for something to go wrong? Trans-Sahara on the other side crosses Two Northern African countries before Europe can be eyed plus it must also cross northern Nigeria which often works out like an extra transit country. I am just getting started. LNG is much faster, much cheaper, and much more certain. 

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TotalEnergies pushes back Papua LNG FID to 2025

There was a time when LNG projects attempted to be more efficient and to be built and operated for less money. Innovation and optimization were the name of the game. One looked very hard if a particular gas resource was worth it. Then something changed. All of a sudden the only thing that seemed to matter was that the gas existed. Little did the geological and geographic realities matter and economics went out of the window altogether. If you need stellar markets to make your project fly, you dance on a volcano all the time. Time to come back to realistic assessments of projects. This will mean not every project makes it to the finishing line. 

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Human rights violated by Swiss inaction on climate, ECHR rules in landmark case

Maybe thats a good opportunity to put a counterargument in front of the court. Because it’s not proven that human activities have any discernible effect on the climate and there is also massive evidence that there is not. So, let’s talk about some real human rights. Governments spend people’s money when they throw the green at virtue-signaling projects. This money is not available anymore for welfare, health services, and other essential services a government shall provide to its inhabitants. Plus as the cost of the green virtue is bankrupting people and societies we have a whole series of very basic human rights that are being trampled. Thanks, ladies – we should really talk about all of this. Maybe there are some things that are more important than the delusions of some bored pensioners. 

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This Shell-backed project to ship vast volumes of liquid green hydrogen from Portugal to the Netherlands has been scrapped

The Hydrogen bubble pops wide open before it has even started to spread its wings. Looking at the figures the only feasible way for anyone to do anything like this is through massive government subsidies and they most certainly hoped they would be forthcoming but they did not. Governments are cash-strapped and throwing cash at virtue-signaling projects that will never ever be able to stand on their own feet is not a voter-getter. Hydrogen is over before it has begun, Electric Vehicles are on the way out and wind plus solar are on the ropes. They are not out yet but the going has gotten tough for them. Grab a beer and some popcorn. 

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‘Bizarre’ and unbelievable: Gas-rich Australia’s looming need for LNG imports draws fire

Once again, I flew too close to the Sun. Almost 10 years ago I predicted that Australia would become a gas importer. I could not have predicted how crazy their policies would become in the end so I thought it would only be a small factor in the overall equation but that might change now too. Insane levels of wind and solar need a lot of Natural Gas as fast balancing energy is needed when wind and solar don’t provide anything. And storage of electricity is in any case way more expensive than just in time generation using reliable fuels. Let me make another prediction here and now – Australia will go back and burn coal to produce electricity. 

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Senegal’s New Leader Announces Audit of Oil, Mining Industries

Auditing oil and mining in an African country is theoretically a worthwhile exercise. But he will likely thread on many very powerful toes locally and they will bite back. Let’s see how well that goes. I guess he will then single out big multinationals as they are easier to deal with but those have a breaking point. Beyond a certain pain level, they will simply write off their operation and get out. And once they are out, they remain out. The world’s patience with erratic leaders of countries is running dry. And if there is any hope of filling the state’s coffers with cash from blackmail I have a feeling that won’t work well too. Also, what does Senegal’s stance do to the prospect of a West African Gas pipeline toward Morocco? 

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Gas output too low to sustain new LNG production at Russian project

Who would have guessed? Anyone looking at the map where Arctic LNG is situated would be hard-pressed to ask what doing anything in those conditions might actually cost. More than 15 years ago there was a long article in the German Stern magazine detailing how producing oil and gas on the Yamal peninsula is the mother of all nightmares and way too expensive for the market to bear. Might it be that Novatek speculated on sky-high LNG prices forever to run their scheme? If they did, they were in good company. The world is riddled with hyper-expensive LNG projects mostly in the Asia Pacific region but those are being dealt with as is. In today’s Russia, if Arctic LNG powers down for once, it likely ceases production forever. 

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Chief Commodities Analyst Says OPEC+ Is In Full Control

In the television series Game of Thrones, there is a famous scene where King Joffrey shouts in the small council “I am the King” to which Charles Dances Tywin Lannister responds that any king that has to say so is no real King. What shall we make of OPEC’s words then? I don’t see OPEC in control of anything especially since shale has taken the bite out of whatever OPEC throws at us. They follow market movements with some sort of action and then claim they drive the market. If they really drove the market oil prices would go way beyond USD 100 when a Saudi prince says something. If we factor in inflation oil prices are currently pretty low. The last time beyond USD 100 is many years in the past and inflation has moved this target quite a bit anyhow. 

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Egypt in Talks to Lease New LNG Terminal as Imports Pick Up

Egypt is a major gas producer in its own right. It just is in a very weird position to have an exporting season as they cannot use all the gas they produce and an importing season when they don’t have enough. Normally, one would try to convert an old field into an underground gas storage facility where gas can be stored during the outbound season and pulled out during the inbound season. That would make a huge lot of sense. Volatility costs money and this money could have paid for some underground storage a long time ago. Mr. Sisi, you are building your new capital city. Get some gas storage specialists to work on underground gas storage too. It pays for itself. 

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Letter on hydrogen: Storage matters

Any energy system needs storage as matching supply to demand in time and exactly is almost impossible as we can see with renewables. It’s also extremely expensive as it would require impossibly costly overhead. But storing hydrogen is not easy nor is it cheap. It’s a very small, reactive, volatile molecule that’s not happy to sit in a can until it is needed. It’s also quite dangerous to handle and I am not only talking about explosions. Anyone who has seen hydrogen flames (hint, you don’t as they are nigh invisible) knows that they are a massive safety headache. There are solutions under study but none of them is easy and/or cheap. And we don’t have too much excess printed vapor money anymore to throw at them. Inflation starts to rattle people. 

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Oil prices to remain high as Israel-Iran geopolitical risks increase, Pimco reports

War is always a potent driver for higher prices. But Iran is hardly one of the truly big producers. It is very far from the big 3 USA, Russia, and Saudi Arabia in terms of volumes and hardly makes it into the second tier. The potential is there but their infrastructure is old, outdated, and creaking. It has also been battered by decades of sanctions. Also, Iran may throw a fuss but when push comes to shove they have nothing that can prevent shipping anywhere. Sure, their proxies in Yemen made transport through the Red Sea more expensive but that’s not going to be the big spoiler of fun as it will also drive a much bigger wave of innovation and consolidation in global shipping as well as fuel the drive towards close to homegrown solutions for everything. High prices – only in the nanosecond world. 

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U.S. Congress to International Energy Agency (Fatih Birol): Stop ‘Net Zero’ Cheerleading!

We need serious decluttering of international organizations. Some of them should be abolished altogether. That could be done if some of the biggest financial contributors just get out. That may be the case if Donald Trump becomes president again. We will certainly have a totally understandable urge to reform what we have but that may not be possible. Maybe through pruning them back so much that hardly anything remains. In some cases that would mean trashing 95% of the structures. Countries are the only sovereigns and their leaders should not have the luxury to point at international organizations to deflect blame for their own failings. 

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The deadly deep freeze that has decimated millions of farm animals in Mongolia

Ah yes, desperation or sheer chutzpah? We are expected to believe that global warming makes Mongolia colder. Just as anything that happens is blamed on Global Warming. Car tank running low – Global Warming. Kids bringing bad grades home – don’t you feel how it has gotten hotter? Idiotic life choices blowing up in your face – this human-made heating of the atmosphere sure must drive that too. And the vast masses of people who have gone along with the wildest speculations based on vast amounts of hot air (only the air in the heads of the useful fools) are expected to go along with this as well. They have proven to be fools long ago in the end. The Ponzi is alive and kicking. But it’s getting erratic and that’s interesting. 

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The myth of America’s decline

I live in the center of Europe and I am also close enough to retirement to start planning for it. In a sense, it matters much less to me what’s going to happen in Europe than it matters to my kids. I believe that this crisis is not only far from over, I think it will get a lot worse here in Europe and many other parts of the world. When will the crisis bottom out? Your guess is as good as mine but it will be multiple decades. Enough for me to maybe die before there is realistic light on the horizon. But the US comes back with a roar and many like me who look after the prospects of their children look towards the US. Many will come, and many of those will be good hard working well-educated folks who will push the US even further up. 

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Opinion: I’m a climate scientist. If you knew what I know, you’d be terrified too

I agree, if we knew what you know we would all be terrified. You know that if the Climate scam bubble pops open you won’t have a job and if you have one it will be a lot less profitable and glamorous than what you have now. I understand that this terrifies you but it should not terrify any of us. But you likely also know deep down in your conscience (yes I believe you must still have some of that) how badly you and your ilk hurt the world for a literal nothingburger. People die because of the terror you help spread and this should terrify the rest of us. It terrified me for a while but people get used to the worst. I certainly did. 

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Conflict of Energy Forecasts: Saudi Aramco vs. International Energy Agency

So we are between a rock and a hard place. It is renewables and the death of conventional energy or business as usual with Asia leading the charge. Allow me to throw in some perspective. Asia is no monolith and the big juggernaut that is China, is badly damaged. There is almost universal acceptance that China might never catch up with the US. If China goes into the mother of all economic meltdowns as many predict, the Asian continent won’t consume a lot of additional energy. It might reduce consumption. North America will become a beacon of energy self-sufficiency and export. Renewables will die with a whimper and Europe will go into 50 years of decline. I don’t like it but that’s what we seem to have. 

www.realclearenergy.org

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QatarEnergy Now Has Over 100 LNG Ships under Construction

100 additional ships? Thats a lot. That being said, Qatar does not have massive markets right at its doorstep. Pretty much all its LNG goes far away plus there is the expansion of production that makes more vessels necessary anyway. But let’s not forget what is happening in the Red Sea right now and the fact that there will be a lot more “around Africa” travel of LNG vessels. Add to that the trend to slow go vessels for point arrival at certain moments and also offshore storage of LNG. Plus, some vessels will be converted into FSRUs or FSUs and hence not do any transporting. Lastly, Qatar has been delivering LNG for decades now and some of the older vessels will soon join the “Old Lady Fleet”. 100 new hulls are actually rather conservative. 

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White House Rejects Tying Ukraine Aid to Reversing Natural Gas Policy

It is a testament to how far the pendulum has already swung in favor of the executive in the US. Obama already told us that he has a pen and a phone. The US President enjoys some sort of direct vote to get himself into the White House but laws are made by Congress. That’s to raison d’etre of this body. Executive action should have to conform to the rules Congress puts into being. Same thing for the courts. The Supreme Court can overrule anything but it can also be overruled by Congress taking statutes reversing a point if it chooses so. The only relative conflict should be between the state legislatures and the federal legislature on who decides what. But not the executive. It shall execute the rules set out by Congress and fill in voids if this is required. 

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Stabilis increases LNG deliveries to US space industry

Choosing methane as a fuel was one of the smartest things Elon could have done for his Starship rocket. He likely knows fully well what the Merlin engines look like after a launch and alternatively can see how incredibly clean methane burns. That’s good for the gear. There are a whole slew of other reasons why this was a good idea but there still is one problem that awaits solution. Once Starships want to lift off every week or more often, Starbase will need hundreds of LNG truckloads to refill the tank base every day. But Starbase is situated right at the end of the Intercoastal Channel in Brownsville and hence, all LNG production capacity on the USGC could be at his disposal if he had the right kind of transport. Barging LNG, new but not challenging. Use what you have. 

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97% Of Scientists Agree

When you have entered quicksand, it’s usually a bad idea to flail around and fight the quicksand with everything you have. Instead, calm and thoughtful action wins the day if any. The Climate Alarmist movement has run into brick walls and faces a lot more hardship as people have latched onto their machinations. The more they try to hide their doings, the more suspicious they will look. I know former believers in the cult that have looked beyond the plate’s rim and now are really pissed. Much more than I am because I have opposed this scam for way more than a decade now and even if I have to swallow the damage done by those fools, at least I don’t feel personally sleighed. 

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Want to Rule the World? Then Rule the Moon

I have been a space freak since I was born. No wonder because my mum popped me out in 1969, the year of the Moon landing. So stories about the impending colonization of the Moon always get me perking up. That being said, as nice as it is to be there and despite all the advantages such a position has, settling on large rocky bodies in the Solar System should not be our priority. Humans have evolved to live under conditions as we find them on Earth. Gravity, radiation, lunar dust, and a whole slew of other problems will plague us on the Moon. Free-floating habitats can be optimized at will. They are the true high ground. Jeff Bezos has this one right. 

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Biden administration cancels 3 MMbbl Strategic Oil Reserve refill as oil breaks over $85

If common sense and true passion for his country was a thing in Joe Biden’s head, he would see that the US has much better than the Strategic Oil Reserve. It has its shale drillers. If the blocks were kicked out under the shale bandwagon, there would be so much US oil flooding the market that it would not matter how much is in those caverns of the SOR. But Joe can’t do that as he has promised the most insane parts of his party that he will go after anything that might smack of energy security. Such a position is much easier if the spine is ultra-flexible – or missing altogether. 

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Artificial Intelligence and Irrational Fears — Guest Post by Jim Fedako

The only thing we have to fear is fear itself. If I look at what our universities churn out, I often ask myself if intelligence is an appropriate qualifier. The more they go there, the more diplomas they amass, the dumber they seem to become. When I was a kid, if someone wanted an employee who was able to write letters without too many typos and do math that’s a bit better than basic, one looked in the sea of high school graduates. Two decades later this bar has moved up to university graduates and I have a feeling that soon it will require a PhD to get the basics right. Strangely, I know quite a number of professionals with just the most basic formal education who do very well. AI is a machine just like university-style education is a tool. We are far from self-aware machines. 

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You ‘no longer’ have ‘a choice’!

It is good to see that Kerry took care of his daughter. And I agree with her – Climate Change, or better the fear-inducing terror-based movement that has put the world on the precipice of war and misery, is a disease. It’s a mental disease that starts to afflict mostly those who live the big life. When you are slurping champagne while jet-setting from one super event to the next while being wined and dined at taxpayer expense, you seem to develop all kinds of weird ideas. There was a time when the mentally ill were afforded proper treatment. Now we allow them to lead us into the abyss. We have only ourselves to blame as long as we don’t revolt openly. 

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Disgusting BBC Reporter Put in His Place By Guyana Leader

The Guyanese president is half right. He said that Guyana preserved their biodiversity when in fact they just could not pull themselves together to properly industrialize like other nations had done. I don’t think they did what they did (or did not) out of some morally superior motives. But whatever the reason, the result is that Guyana is a lot greener than the UK. Most European nations have largely deforested for development and other reasons. I grew up in a part of Austria that’s called the woods quarter. You won’t find too many woods there. Just the name remains. This was once such a wild land that imperial troops rarely ever ventured out there. All gone. We have nothing to tell the Guyanese. We better keep our lips firmly shut.

x.com

 

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Met Office Uses Junk Temperature Measurements to Fill “World Treasure” 350-Year Temperature Record

Whoever has a fight with reality as a result of following a narrative needs to bend the facts to the narrative. Narratives will necessarily conflict with facts – what is a narrative good for if the facts are clear? To be real, there are a lot of valid and useful narratives. If we don’t know something but have some idea about it, we create a narrative that makes sense to us. As long as we flag those narratives as such and don’t try to make them pass as facts, that would be fine. But we don’t do that. We use them in a role that does not befit them. We intentionally confuse them with facts. And allow ourselves to be driven by that. That’s a business now and once the money is rolling in, the show must go on. Even if the facts need some help. 

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Never mind the science, News Corp has strengthened its climate denialism machine

Have you ever tried to argue scripture? No, not with anyone but with a true believer. The core principle of any faith is that whatever you are being served as a narrative cannot possibly be questioned. That’s why it is faith and that’s fair enough. Most major belief systems don’t even pretend to be scientific. If you don’t accept the dogma, you can quit and either go for another faith or quit faith altogether and live a life of facts only. In a liberal democracy that is. Climate Catastrophism is very much like a church. They don’t even bother proving what they say. Dogma has all bases covered. But as there shall be no freedom to choose for non-believers, they are the ISIS version of it.

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The age of underpopulation is here

Here is a real problem. Many won’t see it that way as they feel that 8 billion souls on this planet are way too many. When asked if they want to take the next logical step and reduce the numbers by starting themselves they pretty much always balk. It’s the others that shall make the sacrifice. But I would argue that 8 billion souls on planet Earth is not even a drop in the ocean. Using 21st century technology of course. If we are to go back to a medieval lifestyle as members of the church of Climatism want it, we indeed need to reduce, by a lot. Maybe 10% of now or less. But if we are to populate the Solar System as seems to beckon right now, we have space and resources for hundreds of trillions. Imagine how many geniuses we will get in such a pool. 

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Climate Protestors Thrown Out Of NY Auto Show After Oiling Ford F-150 Lightning

Just as we start to come to the realization that there won’t ever be any accommodation with a certain group of religious extremists, we also must come to terms with the fact that a certain group of people won’t ever back down. We need to take harsh action – actually, we just need to apply the existing laws. Those people gang up with the only objective to commit crimes so we must use the laws designed for organized crime. Like we took down the mob, we must take them down. Maybe we need specialized police departments that deal with such activities and dismantle those organizations. Stiff jail sentences for activists and their enablers. If we can’t get ourselves there we won’t have a future.

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Is the Fight Against Climate Change Losing Momentum?

I trust few people as much as I trust an extremist idiot. They can be relied on to always take the worst option and fight for it come what may. They can also be entirely trusted that they will never back down come what may. Facts won’t ever deter them and their narratives are holy scripture that resists any scrutiny. And most of all, you may bet your bottom dollar that any compromise those folks get into is nothing but a milestone for them. They will never stop redefining their targets as they need a forever fight to define themselves. Image the fight is over as the world is in heavenly bliss. They would hate that – how to derive meaning from life if it’s not in an unrealistic, hopeless fight for nothing? 

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Can ‘clean energy’ schemes get any crazier?

Ever since the dotcom crisis hit us almost a quarter of a century ago, I was at the point where I thought it could not get any crazier so many times, I stopped counting long ago. After WW2, Germany and Austria were utterly destroyed. Both countries needed not only to rebuild their infrastructure but their entire economies. My parents grew up in this time. My mother still tells me how they went hungry many times and that a simple tram trip to the city center cost a fortune and took forever. Clothes were worn until they could not be mended any more. Will we be this bad? I doubt it but the cozy lives’ we had for decades now has come to an end. 

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Keeping Standby German Coal Plants Is Too Costly, Says Operator

Ha, ha – here we go. Anything on standby is costly by definition. You know what? Switch them off and dismantle them. Take this cost element away and see what happens. That’s not going to be comfortable you say? Someone will have to provide the balancing energy for all the times when the sun and wind don’t deliver what we need. That’s the true price of intermittent energy. You either pay for the backup or you pay through being cold, dark, and miserable. We seem to have thought that we would be able to retain our coddled lifestyles while switching off everything that keeps us this way. That was foolish. So, I dare you. Switch all coal plants off and dismantle them so they cannot easily be switched on again. I will get myself a glass of wine in the meantime. 

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Lower LNG prices trigger surge in Asian spot market purchases

Yes, it will spur some spot buying but there is a pretty hard limit to what Asia can buy in terms of LNG. It’s what they can fit into their tanks and that’s an expensive method of gas storage. There is not much underground gas storage in Asia. The geology is just not suitable for that. If there is too much LNG on the market, Europe is where you need to go. Europe has very deep gas storage in place and can swallow massive amounts if the need is there. Just make them a deal. 

www.nasdaq.com

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The Biden EV Plan Needs American Mining

American mining? I have some stuff to digest for you. Do you know why all this mining has been done in China and other countries that don’t give two damns about people and nature? For exactly this reason. Not giving a dog’s turd about the environment and people makes things a lot cheaper. Environmental regulation that actually protects nature and people costs money and if this money must be spent, then the wares coming out of that process are way more expensive. But green fantasists are telling us about how cheap all this Greentech has become when in fact they just dump where we don’t have to smell it. American mining – I am all for it. It just won’t be cheap. 

www.realclearenergy.org

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New Senegalese leader to renegotiate oil and gas contracts with bp, Kosmos, Woodside

I am sure he wants to do that and I am also sure that there is some to be improved upon (assuming things) but this leader seems not to understand what he is really doing here. Oil companies just got interested in Senegal. It’s one of the higher potentials for new discoveries. Still, exploration is an expensive and risky business so big oil companies are pretty picky with what they engage. This is not going to give them the thrills and all others are watching. If Senegal wants to become an oil-exporting nation, this was a bad call. But if this leader wants to spare his nation the oil curse, then this is just genius. Don’t hold your breath on Senegal. This is a big wrench in the cogs.

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Our Rulers Are Insane

Sorry, but our rulers are not insane. Our rulers are totally regular people that have been sheltered from the strictures of normal life for a given amount of time so they have fallen prey to the smell of their own farts. It would happen to most people if they were in the situation but they never even come to close to that. I sure had some very strange ideas in the course of my life – especially in my teen years – but I had a fast and brutal corrective. It’s called reality. It’s a slap in the face that helps most people separate the idiotic from the sensible. Our leaders don’t have that. They live big on taxpayer’s funds and face no criticism ever. Just sycophants. This makes them appear insane when in fact they are just abusive, callous, good-for-nothing leeches. 

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Russia player pushes on with LNG plans despite sanctions and warning of ‘World War 3’

Natural Gas and especially LNG is a decadal project structure. It often takes a decade to develop such a project so being driven by mid-term political events is probably not the best stance for such a developer. They must work for the world after the war no matter the result. That being said, even without the war I was never very optimistic about the commercials for any of those LNG projects. Doing anything in the deep Arctic has a price tag and markets need to be really sky-high for that to be covered and they have not been that high that often. But a good Ponzi must go on and on. Don’t look at the warning lights. Moving on … 

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China Holds The Key To 2024 Global Oil Demand Growth

China does everything it can to hold back outright economic deflation and implosion. Those policies, poorly drafted as they are, might stave the worst off for another while so they might just plug the holes for 2024. This being said, the picture looks very bleak for any period after that. If the oil market needs China for its fortunes, it is royally messed up. But maybe that’s what we need. Maybe oil needs to get a good hammering to be shocked into action. Some oil players exhibit signs of new life but most of them still play the tune of climate idiocy and remain in shellshock. Time to crash and burn to see who rises from the ashes. 

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Israel’s Energy Ministry mulls construction of LNG facility

I would call anyone in a situation as Israel is and looking at exporting energy resources deeply disturbed. Why would anyone want to do that? Israel is a net energy importer and those imports make it vulnerable. If I was living in such a hostile world and had the great luck of finding big volumes of Natural Gas under my soil, I would keep it all in the country and think hard about making good use of it while I reduce imports of other energy stuff. First of all, I would look at gasifying Israel’s heavy traffic. The technology is more than mature and Israel is a small country which makes building a network of fueling stations fast and easy. Think again Israel. 

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Africa Is Plunging Into a Climate Nightmare While the World Watches

Economic misery in some African countries stems far more from bad policy, corruption, horrible infrastructure, and a sometimes atrociously misconstrued education system. Many of the street vendors in Nigeria’s capital Lagos are graduates who can’t seem to get a decent job and make ends meet this way. The youth in many North African countries have no prospects as their rigid societal structures and politics bar them from anything that’s more exciting than watching paint dry. Africa has myriads of problems but Climate Change is not one of them. But I understand that anyone is looking for a fault outside rather than inside. Pointing at the true problems in an African country might land you in trouble. Pointing at Climate Change might endear you with leaders. 

www.newsweek.com

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Dems, Media Push New Study Linking Climate Change To Inflation, But Economists Aren’t Buying It

Well, there actually is some sort of link between the Climate Change scare and inflation. We have thrown Trillions at the supposed problem over the years. We did not have much of the money so we printed it. That did not produce very noticeable effects for many years so we thought that money printing to buy green bling is a valid model. But there always is a price to be paid and the later you pay it, the higher it gets. Our inflation today is in large part due to the money we spent on the climate scare. Not only mind you but it makes quite a splash. Just imagine people starting to understand that their misery is because of something that has not been scientifically proven since its inception. Interesting times. 

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Nigeria Expects FID on Gas Pipeline with Morocco by Year-End

Nigerian gas that has hitherto been flared shall be used to gasify West Africa and even potentially bring some to Europe. Sounds great. What’s not to love? Looking at the troubled history of the West African Gas Pipeline from Nigeria to Ghana, I don’t have a good feeling. This is supposed to be a very, very long gas line. The longest undersea gas pipeline by any standard and by a very large margin. Gas pipelines are not free and compressors for thousands of miles of pipe will need to be substantial. LNG may be the cheaper option. Also, it’s supposed to be operational in 2046. Thats a long time in the future. Many of us won’t be around or too old to care when that is supposed to happen. Maybe an exercise to push a problem to future generations? 

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Oman Sees Increasing Ship-to-Ship Transfers of Russian Oil Bound for India

All this has a price. It’s cheaper to do it with oil than with LNG as oil does not vaporize constantly but it’s still no fun. This only makes exports more expensive for Russian exporters leaving less on the plate for them. It might even potentially wipe out profits for Russian oil exporters altogether. The true cost stack of any oil from any non-transparent export country is essentially impossible to know. I sometimes even think they themselves don’t know as there are so many hands taking out their due and they can’t be interested to have anyone seeing how they do it. So it will be hidden in the cost of business. We won’t be able to prevent China from buying Russian oil but we can make it uneconomical for Russians. 

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How China captured the sun – and cast a shadow over Europe

The Ponzi scheme that China has always been in has entered a phase where they must produce no matter if the market needs its stuff as stopping to do so in order to react to market demand would make their house of cards collapse even faster. China cracks at so many places at the same time that it’s hard to imagine any strategy that could avoid the worst. They will not land hard. They will crash so badly that there are valid questions about what will be left if and when the dust settles. So pushing out produce using printed money is the way that Chinese leaders want to stave off the unavoidable, hoping some miracle will save them. It just makes matters worse but considering where they are at right now, this won’t matter much anymore anyhow. 

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More EV Fail as Ford ‘Drastically Cuts’ Detroit Workforce

A couple of weeks ago, my younger son had to write a short essay on the pros and cons of banning cars from city centers. I helped him and tried to be balanced. I like car-free historical centers in narrow alleyed cities. I see the attractions and advantages of pedestrian-only zones. But blanket bans on large swathes of the city are draconian. My son brought it all up and added that EVs only are not a solution for him as those vehicles frequently burn for no reason and therefore present a serious hazard, especially close to historic buildings. His German teacher struck the sentence adding that this does not happen. Good to see that German teachers are experts in battery chemistry now.

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North Sea oil rigs threatened with shutdown unless they start running on green electricity

There is no limit to the madness of the green extremists. They will happily burn our civilization on the stake of their beliefs as long as they can feel virtuous. I think that shutting everything that runs on conventional energy down if it’s only for a week or so would be a good thing. True, I would suffer too as nobody really enjoys dark and cold but that’s the idea. People must be made to feel what true net zero means for all of us. We need to bust the BS coming from the green fools. And nothing works better than a good dose of reality-induced loss of comfort. 

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