The global energy crisis - Green fairy tales collide with reality

[oil&gas]

He did not need to, all he did was get govt out of the way so us producers could supply the demand, next thing you know we have affordable dependable energy and no inflation multiplier

I am betting sooner or later U.S. oil producers would resume
drilling activities to a level like the impending climate crisis is a
thing of the past. Biden may even encourage more coal production
to bring down electric power prices. Biden's presidency could turn
out to be second only to Trump in terms of his climate record.

 

[JohnLarue]

I am betting sooner or later U.S. oil producers would resume
drilling activities to a level like the impending climate crisis is a
thing of the past. Biden may even encourage more coal production
to bring down electric power prices. Biden's presidency could turn
out to be second only to Trump in terms of his climate record.

you can not drive investment dollars away , do an about face and expect investors to bring the money back
"we will sit this out until you get some stable leadership that can provide policy certainty on this sector "

The price of oil has jumped up , yet nobody is drilling

Investing in US oil is still a very risky proposition,
Joe Biden may wind up in a nursing home before his term is done
Enter Kamila . Almost a 100% guarantee she would do something stupid.

 

[Moviefan-2]

Eleven Democratic senators have called on Biden to boost America's domestic supply of oil.

Senate Democrats urge Biden to consider tapping emergency oil reserves or even ban oil exports to fight high gas prices

Nearly a dozen Senate Democrats called on President Joe Biden on Monday to fight high gas prices by considering a release of barrels from the nation's emergency oil stockpile, or even taking the more extreme step of banning oil exports.

www.cnn.com

 

[jcpro]

Eleven Democratic senators have called on Biden to boost America's domestic supply of oil.

Senate Democrats urge Biden to consider tapping emergency oil reserves or even ban oil exports to fight high gas prices

Nearly a dozen Senate Democrats called on President Joe Biden on Monday to fight high gas prices by considering a release of barrels from the nation's emergency oil stockpile, or even taking the more extreme step of banning oil exports.

www.cnn.com

Their seats are on the line. Energy is driving the inflation and it's driving it hard. Obama lost 60 seats and it was nowhere as bad as it is right now. If the fed starts raising the interest rates(very likely), the Dems will get the blame and an ax next November.

 

[JohnLarue]

Eleven Democratic senators have called on Biden to boost America's domestic supply of oil.

Senate Democrats urge Biden to consider tapping emergency oil reserves or even ban oil exports to fight high gas prices

Nearly a dozen Senate Democrats called on President Joe Biden on Monday to fight high gas prices by considering a release of barrels from the nation's emergency oil stockpile, or even taking the more extreme step of banning oil exports.

www.cnn.com

and so it begins
The long and painfully slow march of the loonie left towards reality

 

[Charlemagne]

Youth activists petition UN to declare ‘systemwide climate emergency’

Youth activists petition UN to declare ‘systemwide climate emergency’

Exclusive: Greta Thunberg among young people filing legal suit for climate crisis to be declared a global level 3 emergency

www.theguardian.com

 

[JohnLarue]

Youth activists petition UN to declare ‘systemwide climate emergency’

Youth activists petition UN to declare ‘systemwide climate emergency’

Exclusive: Greta Thunberg among young people filing legal suit for climate crisis to be declared a global level 3 emergency

www.theguardian.com

if you really think the young activists are driving this law suit then I have some prime swamp land in Florida to sell you

 

[danmand]

Their seats are on the line. Energy is driving the inflation and it's driving it hard. Obama lost 60 seats and it was nowhere as bad as it is right now. If the fed starts raising the interest rates(very likely), the Dems will get the blame and an ax next November.

Then inflation will stop and gasoline prices will go down to $1 per gallon.

 

[JohnLarue]

Then inflation will stop and gasoline prices will go down to $1 per gallon.

You left out the part about the devistating economic recession / depression (and the accompanying job losses and personal bankruptcies) which would be required to arrive at those conditions
And yeah Joe will most certainly get blamed for that (rightfully so)

A little bump in interest rates will not kill inflation, you have to make borrowing so expensive that it impacts demand
50 or 100 bps is not going to cut it ,
More like 400 or 500 bps which is a real problem considering the leverage all levels of government, corporations and the consumer are carrying.
The spreads on consumer loans and mortgages will widen out as well, so imagine renewing your mortgage @ 8-10%

why do think the Fed has not already started to tighten ?- too much debt
Canada has the same problem

 

[Moviefan-2]

Climate gasbag John Kerry says the U.S. won't have coal by 2030.

U.S. ‘Won’t Have Coal’ by 2030, John Kerry Predicts in Glasgow

www.bloomberg.com

I rather suspect he's wrong.

Regardless, it's hard to imagine how this is helpful to his hapless president. It sure looks like Kerry may have killed the Build Back Bankrupt bill, as I can't see how Joe Manchin could possibly support a plan to wipe out his state.

 

[toguy5252]

Climate gasbag John Kerry says the U.S. won't have coal by 2030.

U.S. ‘Won’t Have Coal’ by 2030, John Kerry Predicts in Glasgow

www.bloomberg.com

I rather suspect he's wrong.

Regardless, it's hard to imagine how this is helpful to his hapless president. It sure looks like Kerry may have killed the Build Back Bankrupt bill, as I can't see how Joe Manchin could possibly support a plan to wipe out his state.

Just another ill-informed scare tactic. there are more and better jobs being created in green and renewable energy than in the coal industry. You are making the same argument the buggy whip industry must have upon cars becoming more affordable and prevalent. You and your friends can choose to live in the past of the present and prepare foe the future.

 

[SammyS]

You’re back! I was worried you had a stroke on election night.

^^^^^^^^^^^^
Good one!!!

 

[SammyS]

Interesting discussion....

We're definitely very reliant on nuclear, oil, gas and coal right now so we can't just go cold turkey and go outright green.

But with cost the way they are today even more money will be pouring into the renewable energy sector and technology advancements will just make it cheaper and cheaper.

I would have no problem betting that in 10 years renewable energy easily takes over as our main source of energy.

 

[danmand]

You left out the part about the devistating economic recession / depression (and the accompanying job losses and personal bankruptcies) which would be required to arrive at those conditions
And yeah Joe will most certainly get blamed for that (rightfully so)

A little bump in interest rates will not kill inflation, you have to make borrowing so expensive that it impacts demand
50 or 100 bps is not going to cut it ,
More like 400 or 500 bps which is a real problem considering the leverage all levels of government, corporations and the consumer are carrying.
The spreads on consumer loans and mortgages will widen out as well, so imagine renewing your mortgage @ 8-10%

why do think the Fed has not already started to tighten ?- too much debt
Canada has the same problem

Read again:

If the fed starts raising the interest rates(very likely), the Dems will get the blame and an ax next November. Then inflation will stop and gasoline prices will go down to $1 per gallon.

 

[JohnLarue]

Read again:

If the fed starts raising the interest rates(very likely), the Dems will get the blame and an ax next November. Then inflation will stop and gasoline prices will go down to $1 per gallon.

read again

inflation will stop and gasoline prices will go down to $1 per gallon.

You left out the part about the devistating economic recession / depression (and the accompanying job losses and personal bankruptcies) which would be required to arrive at those conditions
And yeah Joe will most certainly get blamed for that (rightfully so)

A little bump in interest rates will not kill inflation, you have to make borrowing so expensive that it impacts demand
50 or 100 bps is not going to cut it ,
More like 400 or 500 bps which is a real problem considering the leverage all levels of government, corporations and the consumer are carrying.
The spreads on consumer loans and mortgages will widen out as well, so imagine renewing your mortgage @ 8-10%

why do think the Fed has not already started to tighten ?- too much debt
Canada has the same problem

 

[toguy5252]

Interesting discussion....

We're definitely very reliant on nuclear, oil, gas and coal right now so we can't just go cold turkey and go outright green.

But with cost the way they are today even more money will be pouring into the renewable energy sector and technology advancements will just make it cheaper and cheaper.

I would have no problem betting that in 10 years renewable energy easily takes over as our main source of energy.

I don't think anyone is suggesting going cold turkey. The real debate is over the timing of the transition.

 

[JohnLarue]

I don't think anyone is suggesting going cold turkey. The real debate is over the timing of the transition.

actually no
Wind and solar are not going to cut it.... not even close
Environmental activism will fight tooth and nail against nuclear energy deployment

EVs will require millions of tons metals which will require billions of tons of energy intensive and co2 producing mining
Environmental activism will prevent and reduce mining activity

The real debate is over the timing of when the "Energy transition" falls apart

Meanwhile Environmental activism will successfully choke off the supply of FF
This has happened already - Joe Biden begging for more oil after killing a pipeline and shutting down drilling on fed lands

As a bonus for this insanity we get ..... inflation , which has a history of causing a lot of suffering, in addition to social and political upheaval

Ready, shoot, aim

unless of coarse social and political upheaval is your goal

 

[SammyS]

why do think the Fed has not already started to tighten ?- too much debt
^^^^^^^
LOL!!!

“The strained supply lines due to Covid paired with an increase in demand we are seeing now would be one of the main reasons for inflation at the moment,” says Derek S. ... Add to that the pent-up demand caused by the Covid lockdowns; we are seeing prices rise quickly.”

I definitely don't like the direction that we are going with our country's debt but we're not in the top 25!!!

Name	National Debt to GDP Ratio	Population
Japan	237.54%	126,050,804
Venezuela	214.45%	28,704,954
Sudan	177.87%
Greece	174.15%	10,370,744
Lebanon	157.81%	6,769,146
Italy	133.43%	60,367,477
Eritrea	127.34%	3,601,467
Cape Verde	125.29%	561,898
Mozambique	124.46%	32,163,047
Portugal	119.46%	10,167,925
Barbados	117.27%	287,711
Singapore	109.37%	5,896,686
United States	106.70%	332,915,073
Bhutan	103.85%	779,898
Cyprus	101.04%	1,215,584
Bahrain	100.19%	1,748,296
Belgium	99.57%	11,632,326
France	99.20%	65,426,179
Spain	95.96%	46,745,216
Jordan	94.83%	10,269,021
Jamaica	94.13%	2,973,463
Belize	92.64%	404,914
Angola	90.46%	33,933,610
Brazil	90.36%	213,993,437
Republic Of The Congo	90.19%	5,657,013
Antigua And Barbuda	88.35%	98,731
Canada	88.01%	38,067,903

 

[oil&gas]

Wonder why Brookfield Infrastructure Partners would spend
$8.6 billion to take over an oil sand pipeline and oil infrastructure
company. I guess they think they can recuperate their investment
before the pipeline company go bankrupt in 10 years.

But with cost the way they are today even more money will be pouring into the renewable energy sector and technology advancements will just make it cheaper and cheaper.

I would have no problem betting that in 10 years renewable energy easily takes over as our main source of energy.

 

[danmand]

Wonder why Brookfield Infrastructure Partners would spend
$8.6 billion to take over an oil sand pipeline and oil infrastructure
company. I guess they think they can recuperate their investment
before the pipeline company go bankrupt in 10 years.

As somebody who have lost a bit of money on Brookfield Infrastructure papers, I am a bit sceptical.