China’s Oil Demand Growth Threatened By Latest Covid Outbreak

Today in the morning I had a breakfast discussion with a friend of mine. He asked me about what I thought of oil and gas price developments and then we slid into more general topics like what’s going to happen in the next 10 years. After some back and forth he said that if Russian gas does not come forth as it was in the past, Europe is going to slide into a recession. I told him that we have been in a recession for 15 years not but money printing masked it all up. Everything we believe to know is false. We are living in a dream world and waking up from it will be as harsh as Neo using his eyes for the first time.

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Europe Mulls Classifying Lithium As Toxic. Climate Goals In Danger

Thats the problem with new stuff. We find out about its properties in time and we are not going to like all of them. The advantage of hydrocarbons is that we have known and used them for way longer than a century. very little in terms of nasty surprises we have to expect. We have not used hydrocarbons because they are hard to handle. We have used them for their convenience and their relative inherent safety. Just imagine what’s going to happen after the first ammonia leak on open seas. Just forget about ammonia transport after that. We should use what we know and not tickle the lab rats.

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U.S. LNG Exports Deliver Energy Security, Economic Stability in Europe

No, only when Europe starts to use what it has it will attain energy security and economic stability. What do we have? We could exploit the North Sea better. There is still a lot where the original North Sea Oil & gas came from. We have multiple shale basins. my own country Austria could make better use of hydropower and use its shale potential. It’s maybe not as cheap as in the US but it would generate jobs and investment in Austria and give us safety from outside shocks. Oh yes, and nuclear would provide an inestimable buffer. I am all for trading oil and gas but safety comes from the stuff you have.

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Why Biden Keeps Lying About Energy

And who is surprised now? Politicians lie – thats their job. If they ever told their constituents what’s real they would instantly lose. I understood that decades ago. I am a minarchist libertarian with a strong anarchic streak. I believe in self-reliance, self-responsibility, and “live and let live”. My convictions are those of a tiny minority. If I ever campaigned on those values I hold, I would be lucky to make 1%. So I either lie or stay out of politics. It’s a politician’s job to lie because we want to hear cute stories and we can’t face reality as it is. Want better politicians, be better people.

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Who Needs Facts, Andy?

I go for an expert in my own profession and I easily stand my ground facing the very best experts of my own industry at any time. I can calculate projects on the fly and yes when I see the fundamentals of a given project I have a feeling about how it will perform. Do I still calculate it? Sure thing. Because I had plenty of surprises when I did. Yes, someone who knows his stuff will have gut feelings but they will also be wrong more often than once. Actually, someone who is always right is not an expert. Thats a liar. And a fraud. Experts back their stuff up with data.

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How To Generate Massive Scientific Over-Certainty With These Four Simple Tricks

Do those tricks astonish you? Not a trader though. Traders are very creative when it comes to improving their position. Let’s be clear – their personal position – is not necessarily the position of the company. Traders will take wrong decisions – that’s inevitable. A common problem is that they cut off winning positions too fast and keep losing positions on the books forever. they do that often because they do not know what drives their particular market. Thats why good trading companies have good control instances designed to keep the traders in check. That should exist in science too as they are no better than the rest of us.

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Biden Energy Secretary: Buy an EV Peasant!

In my book, this is pure and simple corruption. Public officials that make or even influence decisions that will tilt the market should not only disclose all their investments in this market but they should be forced to divest, be forbidden to make any investments, and have to disclose all such investments made by close relatives. Overkill? Most certainly not. We all have to bear the cost of whatever they decide. Anyone not happy with those rules of engagement? Don’t go into a governmental position. The notion of “servant of the people” should mean something.

wattsupwiththat.com

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Things NASA climate scientists say

Any organization that has gone above criticism and is revered as a de facto high council for the only and undisputed truth attracts shady characters in time. That was so for any religious institution and it is so for the new high temples of institutionalized science. never mind that the failure rate of NASA scientists is more than stunning and that those same people that think they know it all cannot get something to space for countless billions which a private company does for mere millions. NASA needs a hefty dose of accountability and transparency. They are no gods.

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Reuters Fails Journalism Test — Again

I remember the Middle East Reuters scandal when reporters from the company were caught red-handed making up news that were bad for Israel but wholly fabricated. in the meantime, there were other occurrences of fake or distorted news. Social Media companies like to put banners on fake news generators. I guess anything coming from Reuters should be topped by banners saying that this company has repeatedly been caught fabricating news. What’s the odds for that to happen?

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Obama Installing 2500 Gallon Propane Backup at Marthas Vineyard

Ahhh, the comforts of reliable energy. Who does not like that?  Shouldn’t there be a rule by which anyone who is in a position of imposing green strictures on the public at large and who makes lots of public statements to that end that will result in legislation that makes energy expensive for normal people should endure the consequences of their own actions? I know that people like Obama will never ever share the lifestyle the average masses have to cope with but for heaven’s sake, how can we allow them the CO2 footprint of a small town while we all are lectured for one burger too much?

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The Court Ruling which could Outlaw Climate Skepticism

There will be states and territories that will try to do what they can to silence any critics. That being said, in most free western countries this will maybe affect some cities and a state or two, but not a majority. I know that there are conspiracies about world government and the oppression of all people but even if there are such intentions with a few, the entire world or even the entire western world is impossibly complex in its diversity and any such rules would face a plethora of legal challenge let alone electorates. No reason to take this easy but also no reason to overreact.

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Heatwave Lockdowns Have Arrived

Governments have seen what people are willing to endure. And they were surprised as they expected much sterner opposition. Sure, there was some, but not nearly as tough as they had factored in. Trust me on this one, I talk to politicians and get much of their natural reactions. Now that they have seen how it goes with lockdowns, they will try those for many other things. Not everywhere mind you but there will be those at the leading edge when it comes to showing the people who their masters are. And there will be those opposing this for real. People will vote with their feet.

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Stop telling kids that climate change will destroy their world

When I was a kid, the Cold War was an everyday reality. We watched movies such as “The Day After” and figuratively saw mushroom clouds behind every corner. We were really afraid. The accident in Tchernobyl made matters even worse as we developed an extremely unhealthy relationship with radiation. Acid rain also weighed on our minds and we saw a world without trees. Then there was the Ozone hole over Antarctica. We had our fair share of scares when I was a kid. they all have one thing in common – they were massively overdone. So is this one with the Climate.

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Elon Musk calls ESG a “scam”

It’s a sign of an unhealthy economy when financial markets grow out of hand. We tend to forget that financial wizardry provides us with nothing tangible. It’s a casino but one where one can lose badly and still run to it for his next brush with annihilation. Our financial markets are vastly out of any sense of proportion and I am not even talking about 2 or 3 times. It’s multiple orders of magnitude. That cannot be fixed. We have to let it crash and burn. Yes, that will be disastrous for many but more of the same it’s going to be far worse. Once its crashes, ESG will be an afterthought.

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Will China Be Russia’s Technological Lifeline in the Arctic?

There is a point at which simple copy-paste won’t work anymore. China is no innovative nation – it’s a bureaucratic nation where decision-making runs through a maze of civil servants with aims other than doing what’s best for the company. China is building its first large aircraft carrier now and will find out that more important than the hardware is the know-how of the crews and engineers. That is true in O&G and especially so in LNG. Why has Russia not copied Western technology if it was so easy? Why does china still insist on technology and know-how transfer? Good luck Russia and China.

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Walmart plans to decarbonize its fleet with renewable natural gas

Smart move. It gives you all the green brownie points instantly plus gives you fuel safety as if there is not enough green LNG available at any point in time, you can get a fill of regular LNG and you will be fine. You won’t have the green badge for this trip but your truck will not stand still or risk fuel scarcity. Regular LNG and green LNG are chemically identical so one can replace the other. Also great for credits swapping if you need the green kudos in some place where there is no physical green LNG. Thats the future of transport.

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EU Sanctions on Russia Oil Will Sustain Inflationary Pressures

Does the war have an impact? Yes, it sure has. Our economies are going to suffer from this and there will be some carnage. That being said, if our economies would have been healthy in the first place, this would matter much less. the true reason for our economic calamity is the 50 years of debt binge coupled with a population that looks to the state for help rather than help themselves. Entrepreneurial spirits are at an all-time low, at least in my life. This will not be over quickly. In a sense, the war has accelerated everything. And the faster it hits us, the faster we can deal with it.

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India Reopens 100 Coal Mines

Of course, they do. India does not have the luxury of being picky about its energy choices. in a sense, we neither. But we have more substance to fool ourselves into believing that we have a choice. Indians know what a blackout is and they can handle it. they don’t want to handle it as it’s a pain in the ass but they cope. How will we cope when our once-great distribution grids break down and give us days of dark and cold? You ain’t seen nothing yet, Greens will show you what misery is. Until we also do what works rather than what feels good.

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America’s Mineral And Metal Insecurity Is A National Security Threat. It Doesn’t Have To Be.

North America has pretty much anything anyone would want out of the earth’s crust. The reason why mining in North America declined so much and moved to other regions on Earth is not that there would be better reserves or seams. It’s because rules and regulations around mining grew into a monster. And also because other countries were much less concerned about safety and pollution. This brought also the prices for minerals required for the renewable revolution down. They are artificially low. The return of mining brings some cost reality back to green.

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Successful Deployment of Hydrogen Technology Will Require Clear Regulations and an Efficient Permitting Process

If you run a restaurant in Vienna and you need to upgrade your electrical system you will always strive to keep it within the bounds of the permit that you already have. The one thing you don’t want is to run foul of regulations and force authorities to redo the permitting process. Because your old stuff often works well but standards have evolved to the point where you would have to rip out everything you have. Same here with hydrogen or any of the new stuff. We have never done it at scale so they will drive everyone nuts with regulation. Transform H2 into CH4 and the problem is gone.

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Energy Crisis Is A Taste Of What The IEA Has In Store For Us

This will take a long time to fix. I am in my fifties right now. I seriously ask myself if my own generation will ever see the end of this in our lifetimes. maybe when I am in my late eighties. Oil and gas investments take a long time, except for shale. This one goes quickly. But it’s a reality in the US only with Argentina being the only interesting runner-up. So, if North America is the only place with affordable energy for the next 20-30 years, all production will go there as well. This is the end of the world as we know it.

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The Horrible Predictions Of Climate Change

He who controls the data controls the science. True words. It’s telling that data collection has gone from human-understandable methods like reading a thermometer to satellite measurements. NASA will say now that many regions of the Earth can only be done by satellite on a consistent basis and that’s true. But who determines what a particular reading is? Those distance measurements involve massive amounts of assumptions and settings that make certain assumptions. No normal person understands this process anymore so fiddling with them is just too tempting – I mean, who will ever know?

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‘Calif. Dilemma: Fight Climate Change and Keep on the Lights’ (energy reality at E&E)

Many countries, regions, and states grapple with this right now and it will be extremely interesting to the rest of us how the bellwethers of the green movement fare. The smarter among us will learn a lesson by observation. California and New York do that for the US, and Germany does it for Europe. Sadly, those countries/states will take damage that will take decades to repair if ever. And their inhabitants will flee them for places where energy still functions and the economies are not so badly scarred. And they will take their rotten beliefs with them. We must not let them.

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Top Producer Albemarle Risks Shutting German Plant if EU Declares Lithium a Hazard

So lithium is in the firing line now. But what about other green wonder molecules? One such thing is ammonia. It’s being dubbed the solution to hydrogen transport and storage which is the hot item right now. Slowly it starts to dawn on us that pure H2 is really hard and very dangerous to store and transport. So transforming it into something else comes to mind. But what happens when one of those ammonia ships (they are still concepts by the way) has a leak and contaminates a harbor basin or the open ocean. Is that going to be a new swimming pool – lifeless and clean? Regulators will catch up.

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Is It Ethical to Purchase An EV Lithium Battery Powered Vehicle?

Yes, we all know the stories of the poor miner children in the Congo scraping the metals needed for EVs out of the Congolese rock. But does anyone ever think of all those that are not part of the elites and can’t afford those expensive cars? Yes, in spite of copious subsidies, those vehicles still command a hefty premium. This means only those well-off can ever get those subsidies paid for by those on the lower rungs of society. Socially, the EV is a disaster. A toy for the rich paid for in part by the poor.

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Elevated CO2 and the Enhancement of Plant Medicinal Properties

We have learned it in school – CO2 is good for plants. Thats why operators of greenhouses often feed additional CO2 into their glasshouses. They know that more CO2 means healthier and stronger plants and that their nutritional value also goes up very significantly. CO2 is not the molecule of destruction – it is more like a molecule of life. And the levels we detect today are pretty close to the level where plants die. We need more CO2, not less.

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Sydney Grid Fail: Australia’s Greenest Voters Plunged into Darkness

And there will be more where that came from. You can only stretch your grid’s capabilities thin so much before it becomes unreliable. The activists seem not to understand what the overcapacity was good for. It was for giving the grid the capability to deal with demand-side fluctuations. Now it’s all gobbled up by production side fluctuations so there is nothing left when the demand side fails. Wind and solar operators simply refused to foot the bill for grid improvement works even when it’s only them causing all the hubbub. Enjoy.

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Will ESG Create The Next Lehman Moment…???

In comparison to where we are going (not only with ESG) Lehman will look small, cute, and quaint. ESG is one of the important tools to drive the current system against the wall. There is just so much BS that any system can support and I have a feeling that Green policy is going to blow the lid off. No reason though to not take ESG very seriously because those rules are hitting us and if you are not in compliance, you better prep some big sums of money for the fines you will pay. It’s a scam but you must play by the rules until it collapses by itself. And those rules will be full of traps and deceits.

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Green activists campaign to block LNG by rail

Of course, they want to block LNG by rail. They are OK with Electric Buses blowing up in the middle of cities that keep burning for two days and cannot be extinguished. They are OK with razing entire forests for some wind turbines or solar fields. And who knows, they may have heard of LNG and its exemplary safety record. Yes, that’s right – LNG is the energy commodity with the best safety record. In way more than half a century of global operations. And all LNG professionals I know like to keep it that way. Imagine the population latches on to the fact that the best option shall be kept away from them.

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Burning gas to produce electricity is ‘stupid,’ the CEO of power giant Enel says

In a sense, he has a point. Where I don’t follow him is when he says that wind and solar are better suited than gas for electricity generation. They could potentially be if they only were reliable on-demand sources of electricity. But they are not and require backup and that’s why we use so much gas. In a sense, the more wind and solar we get, the more gas we will need. Backup can come from other sources as well of course but gas is fast and easy. Oh, add mobility to gas. Natural-Gas-fueled vehicles are among the cleanest, most reliable, and most economical low emissions choices out there.

www.cnbc.com

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41 Inconvenient Truths on the “New Energy Economy”

Those realities cannot be repeated often enough. Now, this is neo-cortex level thinking. One needs to have a certain capability to understand basic facts and make basic connections between them. My younger, 12-year-old son can do that. But it seems many adults cant. Or better said, they just don’t want to. They are comfy in their bubbles and they have a world to cheer them on to it. But those are not the people that we shall talk to. We have a silent and passive majority that can and will understand as soon as things start to fail. Those are the people we shall work with.

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The stock market has turned against overhyped clean-tech companies — and it’s about time

There is one thing all Ponzi schemes have in common. They all eventually fail and the bigger they were before the bust, the bigger and more dramatic the collapse. Green-tech is one of the biggest schemes out there which means its eventual failure will be biblical. can we do anything to hasten their demise? I fear not. We can also not stop it once it’s underway. So we are passive observers and we really should conserve our powers as we will need them in our little corner of the world after disaster strikes. And like every big bust, it will leave stuff behind that will be made good use of.

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Defunct Albanian natural gas fields could be operational soon

One thing the Italian gas market lacks sorely is underground storage. There are some but it’s never really enough. Albania is close to Italy and depending on where this field is it could be connected or even used as a storage site – Due Diligence must be done of course. If I was in a storage-constricted market I would look at anything that might provide relief.

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ESG Crusade On Backburner As World Grapples With Energy Crisis

Don’t count ESG out yet. Yes, the world has to deal with real problems and ESG will have to get creative to justify its punch but those activists are not going to go away any time soon and there simply is way too much money to be made. In my own country politicians already claim that more wind and solar would make us independent from Russian gas and hence we should drop legislation that always protected people. Expect long and complicated legal battles. If companies want to go about their business, they will want to comply. Questions about Right and Wrong come later. This is a long haul.

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German LNG refueling network is adding new service stations this year

This is nothing short of amazing. Just a few years ago we still waited for the first LNG refueling station to open and now we are already beyond 100. If we combine this with developments in Italy, the Benelux, and France plus some stations in Austria, there is a core part of Europe that can be served with LNG vehicles only. What’s left is the Eastern part of Central Europe. There are some but they are few and far in between. I am not even talking about the Balkans. LNG as a vehicle’s fuel seems to be here to stay.

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World’s Oil Growth Engine Is About to Slow

It’s not only the world oil growth engine thats going to slow. The entire world economy is going to slow and much of it is going into recession – a recession the end of which many of us are not going to see. I am in my fifties and I am aware that nothing in my life is ever going to be the way it was before. Change is frightening and changes for the worse is incredibly frightening but we need to clean up our societies, our politics, our way to look at the world and our credulity to narratives left and right. Every crisis has a silver lining and so does this one. many won’t see it.

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How an Energy Expert Triggered Vladimir Putin With One Word

Understandably, Putin gets irked by the s word. Putin sure is ruthless and brutal but he is, first of all, a pragmatic man and he knows quite well that shale is going to destroy Russia’s overseas oil and gas markets. Russia needs those exports or better said, it needs the income it gets from those resources. But Russian oil and gas reserves get harder to develop and hence more expensive. And shale has never stopped innovating which means it gets cheaper. It does not take a wizard to know where this is going to lead, especially when one knows that your own shale fields are very, very hard to develop.

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EU, Egypt Near Gas Supply Deal in Shift Away From Russia

I understand that Egypt wants to make some cash by selling its natural gas. Fair enough. But let’s take a wider look at the Egyptian economy. Egypt had to curtail gas exports already once as its own needs surpassed its production. Egypt is also the biggest Arab country population-wise by a very large margin. And its population is concentrated mostly in the Nile valley and on the coasts. That would be easy to develop LNG as a fuel for heavy transport. Whoever had enjoyed the air in Cairo for a while also knows that NG vehicles would do a lot of good there and save money too.

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Rishi Sunak plans raid on electricity and wind farm profits within a month

The UK needs investment in the North Sea. This is their one place to find more of what they need to keep their economy afloat. And now they try to sweep the balance sheets of companies doing the hard work there clean. Yes, oil and gas companies make profits now. they also made a lot of losses for more than a decade. Who will compensate them for those losses? Exactly, if the government does its sweep, it only incentivizes the North Sea players to leave the North Sea. Talk about shooting yourself in the foot.

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How America’s Greatest Energy Mistake Gambles with Pennsylvania’s Economy

It’s not only in Pennsylvania – it’s all over the developed world. People seem to still believe that radical green agendas come with no cost attached. Or they think that cost will be moderate and not much will change. But everything has a price tag. Our modern societies are based on cheap and reliable energy and I really place an emphasis on reliability. Having energy when you need it is important for any industrial endeavor. Some states, and some countries will take stances that make oil and gas feel loved again. They will thrive, all others won’t.

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The Green Agenda’s Role In Global Inflation

The green agenda has its part in the inflation we currently experience – it has made things considerably worse than they would have been in the first place. But assume that there would never have been any green agenda, Let’s throw in that there would never have been COVID as well and the war in Ukraine did not happen as well. Even in such a world, we would have experienced ever stronger inflation and we would eventually have hit the wall. In a sense, all those amplifiers may be some sort of blessing in disguise. Now we are aware we have a problem. Some of us will pick themselves up – many will go down.

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Colour It Red!

Yes, we can see that everywhere. I have saved some headlines from 5, 6, and 7 years ago. The headlines are about the peak temperatures in summer. Before 2020 we were above 40 degrees Celsius for some weeks almost every single summer in Vienna. Now we have 37 degrees Celsius and they declare heat armageddon. It’s quite a bit cooler now than it was in any year for at least 10 years. And people on the street start to ask questions because I am not the only one to remember those old headlines.

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China’s LNG imports set for first big decline as demand wanes

China’s demand goes down because of the COVID measures. It stands to reason that it will come back once those measures are lifted but I have a feeling that this drop in demand is more permanent than many of us like to believe. China goes coal big time as it’s cheaper and it’s also much easier to store. Also, we start to see the effects of the population drop resulting from one child. We know today that China has overcounted by at least 100 MM and likely has peaked already. This may be historic.

www.nasdaq.com

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‘Hell no’: Finance firms tell Texas they don’t boycott energy

Yes, the oil & gas world needs to take a stance and show the world that life without them is not a good life. It also needs to force everyone, including politicians and the rest of the corporate world to show their colors. We need to go much farther than this. Any virtue-signaling company that still uses any hydrocarbon products should be called out and shamed. Green activists could be the most potent weapon here as they are in the process of eating their own. Don’t hold them back when your opponents are in a process of self-destruction?

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Permian oil producers about to slow despite $100 crude

Oh boy, we have seen this movie before. Oil prices go stratospheric, stay there for a short while kicking off all kinds of crazy expensive projects and then the oil price falls again and nobody gives two damns about the oil producer that has sunk millions or even billions. The most unloved industry on the planet has taken the lessons and now it’s way more careful with where it sinks money. Want shale to save the day? Show them some love – otherwise just get used to really high prices, cold days, and dark nights. Virtue signaling has a price – let’s use elections to make politicians pay too.

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Asia continues long-term LNG supply quest

The old, conventional LNG players Japan, South Korea, and Taiwan always placed value on security of supply above anything else. Partly that is because those 3 especially have no pipeline supplies from anywhere plus their geology does not allow them to create large-scale underground gas storage. So they need to be sure they are getting what they need when they need it and hence pay a premium. Cooperation with European players that fill up storage could be interesting especially if Europe takes the LNG that cannot be used off-season.

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US-Europe LNG flows hit infrastructure ceiling

I would dare to suggest that many North-Western European terminals could be debottlenecked with little money and also little time requirement. Sometimes it’s just a matter of adding some more regasification capacity, sometimes an additional jetty, and in any case more entry capacity for the pipeline. Every single terminal will be a bit different in that regard but does it hurt to take a hard look. Finding all the LNG is another matter entirely.

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The Big 5 Natural Causes of Climate Change: part 4 Landscape Changes

I grew up in and around Vienna. My parents hail from the 22nd district which also happens to be the largest by any measure. When I was a kid and we drove from the city center to my maternal grandparent’s house, we drove through a lot of fields and greenery. Even more, if we drove on to my paternal grandparents. One did not really feel the big city anymore when one was in the far reaches of the 22nd. That was when I was a kid. No open spaces anymore where once used to be fields and green. has the weather gotten warmer with all those black surfaces? You bet.

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Kentucky AG Legal Opinion: ESG Investing is a Breach of an Asset Manager’s Fiduciary Duty

A manager is an employee of the company. They run a company in accordance with their owner’s wishes. An owner may of course take whatever decision one pleases. Do with what you own what you please. A manager should not be an activist because then he does not do as told but does as he thinketh. Thats not what management is. We will need some highly publicized cases where such deviant managers take a big hit for their wrongs.

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The World Bank’s Impractical Electric Car Claptrap

A couple of days ago I was part of a discussion on Electric Vehicles. People quickly understood that I was the one asking the uncomfortable questions but suddenly I who was hit with a question. “What happens if an Electric Vehicle starts burning in a subterranean garage and the car is parked close to a structural element for the building on top. Would the safety of the building be compromised? I said that I am not an expert on statics but I assumed that the element close to the fire would probably need some special checking.

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