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Shepstone Management Company, Inc.
Readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added.
I remember well a 2014 debate I had with some trendy academic types in front of a Josh Fox “Lieapalozza” tour event we were protesting in Oneonta. My opponents were absolutely certain Germany was the model for a green energy future. Seven years later…:
Prices for natural gas, coal, oil and electricity have been rising massively since the middle of the year. The price of a kilowatt hour (kWh) of electricity has almost tripled to 13 euro cents per kWh on the Leipzig wholesale electricity exchange.and the price of natural gas has increased fivefold…
Electricity prices for industry have tripled, and household electricity will rise from 31 euro-cent/kWh to around 40 euro cent/kwh. Well over half of the electricity price is taxes, surcharges and levies…
There won’t be electricity to power electric cars.
Another serious problem will soon be the shortage of secure power generation because of Germany’s nuclear and the coal phase-out, which has already begun. Not only is this driving up prices. There will be risks of power supply outages during the winter, with possible targeted or involuntary shutdowns to keep the grid from collapsing.
By 2030, there will be neither power for a single additional electric car nor additional CO2-free power for industry. Never mind the heat supply.
Germany’s experiment is a complete failure.
Hat Tip: I.G.
The IEA has joined the corporatist campaign for more green eggs and scam and more Energiewende profit centers, as we noted here, but it, too, is failing for the all too obvious reasons:
The going seems to be particularly good for LNG producers and is getting better as buyers become more willing to reduce the risk of future price spikes by locking in lower rates in long-term contracts. This also confirms the long-term growth trajectory of liquefied natural gas despite warnings from the International Energy Agency that LNG demand needs to peak soon if we are to hit the Paris Agreement emission targets.
According to the IEA, gas demand must peak between 2025 and 2030 and start declining from 2030 onwards if the world is to achieve net-zero emission status by 2050. But the latest trends in LNG and gas make this doubtful. The fact that companies are willing to commit billions in upfront investments in new production capacity suggests that they expect quite the opposite of what the IEA advises. The Morgan Stanley forecast chimes in with these expectations.
“Contrary to investor expectations, the world is going to need more LNG in the initial phase of the energy transition,” the bank’s analysts wrote. “Competing technologies for natural gas are not being developed fast enough, and there are significant benefits in reducing coal consumption while greener fuels are commercialised.”
Hat Tip: D.S.
Natural gas has no darker more threatening enemy than Joe Biden, our White House occupant who serves as the puppet of power-thirsting Marxist clones and globalist elites who are in an unholy alliance to transform America into a fascist empire where they share power and its illicit monetary rewards:
A climate pact is set to be unveiled at COP26, which is aimed at reducing methane emissions by 2030. The goal of the Global Methane Pledge is to reduce methane output by at least 30% from 2020 levels.
Methane is a more potent greenhouse gas than CO2 and, according to the Intergovernmental Panel on Climate Change, plays a major role in the recent anthropogenic impact on the net rise of the global average temperature. The U.S. and the E.U., along with several other countries, have agreed to be part of this pact.
It is anticipated that the U.S. will target the oil and gas industry to achieve the ambitious goals that are to be set as part of the pact. As early as next week, the U.S. Environmental Protection Agency is expected to propose requirements relating to methane leaks at oil and gas wells.
The trade unions who supported Joe Biden must have massive buyer’s remorse. He lied to them because he’s always been a liar. He’s also indebted to globalist elites passionately desirous of those green eggs and scam opportunities and absolutely detest what they perceive as deplorable blue collar workers who are supposed to keep their head down and do what they’re told. If you want to truly understand, check out this statement from our State Department and, especially, the list of ‘philanthropies’ involved, which includes all the major fractivists, trust-funders and hedge-funder Nathaniel Simons’ Sea Change Foundation. What we’re seeing is government collusion with major financiers out to plunder the rest of us.
Hat Tip: R. N.
And, this say it all, doesn’t it?
Well, maybe not quite all, because to appreciate how correct Lynn Allen gets it, you have to watch this clip of our clenched fists, corrupt, deadweight White House puppet telling us there’s nothing he can do about gas prices.
President Biden says he expects gas prices will stay high until 2022.
— CNN (@CNN) October 22, 2021
How far we’ve fallen as a nation!
Hat Tip: C.W.
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