You will not be able to convince me that thermal generation provided completely reliable power for over 100 years, then it became suddenly unreliable the moment wind and solar began deploying at scale.
Lincoln Riley USC contract details (not confirmed; best I could do):
- $110 million
- USC buying both his homes in Norman for $500,000 over asking ($1 million bonus)
- Buying a $6 million home in LA for him
- Unlimited use of the private jet 24/7 for family
#Sooners
#Trojans
As The Economist writes, "Because wind and solar power are intermittent, they force many other generators to operate intermittently, raising their costs." The whole system is devolving back to a Pre-Industrial Revolution reliance upon the weather. It's pure insanity.
@MillerStream
I pulled the same data and normalized it to all deaths through the same number of weeks reported y/y. Also, note that recent weeks are not accurate since CDC lags input of death certificates.
Very different picture than the one you paint.
Germany is paying nearly $500 USD per megawatt-hour for their electricity. Here in Oklahoma, we are paying about 1/7th of the Europeans. Energy policy matters. Physics matter. Power density matters.
We did not record a single tropical storm or hurricane in the month of August. This is remarkable because it's only happened twice before (1961, 1997). However, this is the first time it ever happened during a La Niña. The last storm that formed this year was Colin (July 2).
MAP OF THE DAY: Day-ahead electricity prices in Europe are eye-watering, with lots of countries setting record highs for today. Notable to see the Nordics close to €400 per MWh, and Germany at €600. Before 2020, anything above €75-100 was considered expensive|
#EnergyCrisis
Bloomberg is starting to get it:
“The intermittency problem isn’t easy to solve. Storing power isn’t feasible: Batteries simply are too small and too expensive. For now, the only option is to keep gas-fired stations in reserve. Nuclear plants will also help as backup.“
Breaking Story: A Utility has informed me that they plan to retire their coal stack in 2030. Even though they self-insure the coal plant, simply owning a coal plant has made them near uninsurable and they have an increasingly harder time complying.
Fossil fuels saved the whales, not Greenpeace. Fossil fuels saved the turtles from having their shells harvested for the fashion industry. Fossil fuels saved the elephants too from having their ivory harvested. Petroleum provided (better) alternatives in each case.
This clip is ASTONISHING.
Energy Sec.
@JenGranholm
demands energy companies to make massive investments to increase oil supply while simultaneously saying they want to shut them down over the next 5-10 years.
WHAT IS THIS WHITE HOUSE?!
Bank of America has found that achieving net-zero will cost $150 trillion over 30 years, almost twice the combined annual GDP of every country on Earth. I remain bullish on global stupidity.
Forget the left and the right. The battle isn't between the left and the right. The battle is between those who want to be left alone and those that refuse to leave them alone.
"Between 1965 and 2018, the world spent about $2 trillion for nuclear, and $2.3 trillion for solar and wind. At the end of the experiment, the world received about twice as much electricity from nuclear as it did from solar and wind." Apocalypse Never
Fossil Fuel companies are being demonized for providing everyone their way of life. Without them the world becomes a Mad Max movie. Instead of complaining, like a bunch of b___, why not shut it off until consumers awaken to their enormous hypocrisies and force them to apologize?
@JoeBiden
This month, the people of Virginia made their voices heard and delivered a clear victory, won with a loud rebuke of your platform and policy.
Now, Republicans are on their way to winning the midterms, one day at a time.
We had a scary evening bringing her into the world. Thanks be to God for miracles and the amazing team at Mercy Hospital 💗
We are blessed to introduce
Elizabeth “Liza” Caroline Hefner to the world. 19.75” and 8lbs.
LCOE (Levelized Cost of Energy). This is more like it (costs per megawatt-hour)
Wind = $134.90
Solar = $144.09
CC Natgas = $36.33
(Source: EIA 2021 Annual Outlook)
Natgas is 397% more inexpensive. It's also mostly hydrogen (CH4).
🧵Challenging How You View Oil
How much is a barrel of oil worth?
It’s a thought-provoking exercise when I stand in front of a room and ask for hands to be raised if the crowd believes oil is worth $50.I ask them to keep their hands raised if they believe it’s worth $100;
Vaclav Smil throwing shade at climate modelers. Groups like the UN, IPCC, NREL, 350, and individuals like Mark “Disgraced” Jacobson of Stanford are all guilty of unrealistic “studies” they pass off as “peer reviewed science.” These climate keyboard warriors are merely trolls.
Someone is offering to bet me $10,000 (to charity) that EVs will exceed 50% of cars on the road in the U.S. by the end of the decade. Hybrids don't count.
He's a tech billionaire and he's smart. I'm impressed at the conviction.
Would love
#EFT
#OOTT
input
@girdley
I see you read The End of the World is Just the Beginning by
@PeterZeihan
.
Like you I was looking at moving to London, but read this book and came to a similar conclusion.
I just turned 35. I'm supposed to be entering my higher-earning years, but I'm in the energy industry. If the value proposition offered to someone like myself is to "survive", the energy industry will not have any younger talent left.
France spends about half as much for its electricity as Germany, while producing 1/10th the carbon emissions of electricity. The difference? Nuclear power vs. Wind/Solar.
also why aren’t we shutting down non-essential industrial electricity hogs first? Facebook, LinkedIn, Amazon, Google, and crypto miners to name a few? Not Twitter of course, it’s essential.
I'm glad that this is making some headlines. Wind energy company NextEra kills 150 eagles in US, pleads guilty.
The Bald Eagle was an endangered species until 2007. When it was delisted, with just 5,295 breeding pairs, they didn't count on wind farms.
8/ The Climate movement has systematically propagandized the vilification of the very industries that they rely upon (for everything). Its rise was born out of concentrated ignorance of megacities now fully detached from the realities of how the world really works.
Over the past seven years, Big Oil collectively made $175 billion in net income. Meanwhile, Apple raked in $414 billion all by itself and Google realized $229 billion. Individually, BP reported a $2 billion LOSS over the period.
I have found myself dedicating at least 8 hours per day to researching climate change. My goodness. There are so many false predictions, soothsayers, and shitty models out there. I've been pointing some of them out. News sites push fear porn hard; we are facing a fear pandemic.
@DavidRamsdenWo
I went to college with the goal to NOT have a GPA above a 3.0. instead I valued experience and leader ship opportunity. I succeeded in spades (graduated with a 3.0). I didn’t study for but a couple tests and had no problems. honors college even. GPA is worthless
If a jumbo jet were to use today’s batteries, 1.2 million pounds of batteries would be required to generate the power of the jet engine it would be replacing. That would require 8 more jumbo jets just to carry the weight of the batteries.
More money will be lost on renewables than shale by an order of magnitude. The losses in shale were borne by the rich (investors); the losses in renewables will be borne by the consumer.
renewables falling off a cliff. natural gas again saving CAISO. renewables advocates will inevitably point to batteries. We can spend our dollars better than ineffective wind and solar folks.
If a jumbo jet were to use today’s batteries, 1.2 million pounds of batteries would be required to generate the power of the jet engine it would be replacing. That would require 8 more jumbo jets just to carry the weight of the batteries.
I don’t know who needs to hear this but U.S. oil and gas companies do not receive a single dollar of Direct Subsidies. How journalistic organizations have perpetuated the lie that they do, in generous proportions, is a signal among the noise.
6/ We thought we were deregulating our markets in the 90s when, in reality, we have began disincentivizing grid reliability (power plants) without any agency responsible for Reliability. As wind and solar have grown, reliable fuels have been pushed off the proverbial cliff.
The entire battery storage capacity installed on the grid worldwide in 2018, around 8 gigawatt-hours, wouldn’t be enough to power New York City for a single hour.
A hot take: The Presidency is supposed to represent the best of us. If this is the best the Boomers can do - Trump and Biden - then maybe we should phase Boomers out more quickly. At the very least, they need to take responsibility for it and quit blaming Millennials.
Epstein's work is more of a masterpiece than many are capable of comprehending. If you don't want to read 480 pages, I've distilled it down to one chart and a couple of paragraphs.
In 2015 France triumphantly passed a law to sharply limit nuclear power. Now they're hitting their "goals".
They never did uprates, which would've added 10-20% more power for a piddling price.
They intentionally closed one of their best plants, right before the energy crisis.
The Biden Admin./FERC/EPA are making it impossible for them to extend or replace this load with coal and, without coal, they would have failed during Winter Storm Uri. It’s the only fuel they can store on-site to maintain their grid reliability.
I’ve been posting on energy for over a decade. With the general population now seemingly awakening to the fraud that is wind/solar/battery, and propagandized by 350/IEA/WEF/ESG and the other socialist do-gooders (RUSSIA/CHINA), I feel my work is partially fulfilled.
So, India rejects calls for net zero targets. China’s Xi and Russia’s Putin decide it’s not worth it to go. What people at COP26 don’t get is that these countries are the realists.
What they don’t tell you:
- it was only 2,000 homes
- the community only suffered from mild weather
That a Sec of Energy is pumping an anti-knowledge, non-story to further a narrative is disgusting. This is not leadership.
Moreover, the FERC Cap requirement moves from 12% to 15% in 2023 which they plan to fill with RE. They admit that grid reliability will decrease and costs to consumers will increase as a result of their (forced) decision to replace the coal plant with non-coal capacity.
If we need some spare electrical capacity, governments can simply shut down Amazon and Google servers as well as all the crypto miners out there. Freeze to death or let tech companies suck all the energy while saying they saving lives?
I’m starting to come to the conclusion that optimists are more intelligent than pessimists. The data and study required to be an optimist is a lot more work. It’s easy to be a pessimist.
7/ The result is ever-increasing costs to the consumers, who are not consumers at all - consumers have choices. We remain 'ratepayers'.
Will the U.S. suffer the fate of Europe?
Confirmed: all 3 Green Zone applications by nuclear groups were rejected. Nuclear (the world's second largest source of clean energy after hydro) is totally shut out of
#COP26
.
The Chinese mine rare earths through a process where acid is poured directly into the ground. It's a process not allowed in Western Countries, so those companies are moving their mining operations to China.
Just got off the phone with some partners in California. Their clients have over $300 MM tied up in Silicon Valley Bank. Thousands are about to be laid off tomorrow. It’s a bad situation and I feel bad for all those employees and businesses who did nothing wrong.
3/ Germany's wind/solar experiment has also failed in spectacular fashion, with its electricity costs quickly soaring to $1,200/MWH (anything over $100 used to be considered expensive).
From Day 1 of this administration,
@ENERGY
has been getting affordable, reliable clean energy out the door and into the hands of working families: bringing down costs, creating jobs, strengthening manufacturing/supply chains, and protecting us from future oil & gas price hikes.
I'm livid right now. Not going to post in anger, but man some of these guys at E&Ps have complexes that they have no business having. Their data is trash, they don't know what they own, and they talk down to you like you are lesser than them. You can fuck right off.
9/ Megacity ignorance, its overwhelming voting power, and anti-knowledge campaigns could produce the deadliest famine in recorded history (Mao China, 1958-1961). The Economist estimates 250 million are already at-risk today. (hint: Synthetic ammonia comes from fossil fuel).
The difference between Shale and Renewables:
Shale investors lost billions producing CHEAP electricity and fuel and plastics for the world to consume. It HELPED the consumer.
Renewables are the opposite. Investors will reap the benefits and leave the consumer holding the bill
@JoanieLemercier
@GretaThunberg
@Luisamneubauer
Lol, you should get out more. You are too soft if you think this is brutal and consider it violence. It appears they were illegally trespassing, too. But you know, that’s brutal violence!
Despite a nearly 40% increase in natural gas production since 1990, the EPA reported a 20% decrease in methane emissions in 2013. Fracking led to a 62% decline in mountaintop mining for coal between 2008 and 2014 alone.
THREAD: Gas hit $600/mcf today (not a typo) in Oklahoma. It’;s likely going higher, too.
How does this affect your utility bills? For those on ONG, they will eat the cost then seek a rate adjustment via the OCC Public Utility Division. That will result in a lot of lawyers being
I don’t know who needs to hear this but - Electric Vehicles are inconsequential to decarbonization. They aren’t even worthy of discussion. Imagine thinking EVs are some kind of silver bullet to eliminate oil demand.
Every year, on July 14th, I get a reminder to wish Aubrey McClendon a happy birthday. Since his tragic passing in 2016 I have chosen to keep the alert on my calendar and honor this day in remembrance of what he meant to me, those around him, the energy industry, Oklahoma and
11/ The ill-advised EU decisions over the past decade have already resulted in many destabilized regions across the globe (Sri Lanka, South Africa, etc.) due to soaring energy costs. Massive economic collapse is in process.
on energy,
@VP
is destroying
@KamalaHarris
. i’m impressed at how well prepared he was for this when he’s not an energy guy. can he just run in place of trump?
10/ Our knowledge system is so broken that our governmental institutions are advocating to make our economies MORE reliant upon Chinese wafers and Russian oil and gas, both of which are deeply linked to funding anti-fossil movements in the West (e.g. )
If wind and solar are cheaper than oil and gas, why does solar demand 38,833% more subsidies and wind demand 2,356% more? It is even more perplexing when natgas (38% use) and petroleum liquids (<1% use) provide 538% more usable electricity generation than wind and solar combined.
Hawaii was the first state to pass a law to decarbonize its electricity system. Now, it might be the first state to shift completely from fossil fuels to clean energy.
Bitcoin network hashrate continues to hit new all-time highs, with a significant run-up starting in mid-2021.
Is it possible that one company is a bad actor in this story, knowingly hurting its clientele over a conflict-of-interest?
China's facing energy shortages.
Expect more supply chain disruption.
Sichuan province ordered factories to halt operations to ensure electricity can be supplied to households, impacting the supply of automobile parts & key materials.