"green energy" feasibility and investment opportunities

Expect many more canceled “green” projects

When completed, it was to be a 1,200-megawatt energy source. A second offshore project from Mayflower Wind was to produce an additional 400 megawatts. But now, the companies behind both of these projects have asked the state to put the plans on hold. The reason given was that the projects are “no longer viable” under the current conditions and they will be unable to move forward for the time being. But the reason for hitting the brakes has little to do with technology or weather and a great deal to do with the economy.

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It has been a great year for energy stocks as the chart below clearly reveals

… and it will be an even better year (and decade) for energy stocks.

Why? Not because of what Goldman trader Michael Sullivan wrote last week explaining why Energy has (finally) become everyone’s favorite sector (more than two years after we first told our readers to go balls to the wall long XOM):

Energy continues to lead. When oil is up. When oil is down. When yields are up, or when they are down. When the US is threatening Windfall Profits Taxes or considering limits on product exports. Whether the market is hiding in defensives or shifting to more offensive positioning … maybe energy equities are leading because the market sees a pretty good set-up for oil: (1) US SPR release rate is slowing; (2) EU sanctions on Russian sea borne crude are expected to start in Dec; (3) we are passing peak refining maintenance and at the onset of winter – both of which should drive a sequential increase in demand; (4) distillate inventories are extremely low and subject to upside risks, link; (5) a Fed pivot would likely support inflows into commodities – implying a weaker dollar – every 10% move in the dollar is about 300k/d to oil demand on an annual basis.”


Solved! Turns out climate change was all the Patriarchy’s fault and giving away money to women (or men claiming to be women) will solve it.

“As an important step in solving climate change, we must address the gender inequalities that persist in climate finance…”


Before and after climate change. Which would you choose?



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Don’t be a perv.

A wrapup of the cop27 farce. Edit from the leftist WaPo


A study published midway through the COP27 negotiations found that few nations have followed through on a requirement from last year’s conference to boost their emissions-cutting pledges, and the world is on the precipice of burning more carbon than it can afford — pushing the planet over a threshold that scientists say will lead to the collapse of ecosystems, escalating extreme weather and widespread hunger and disease.

Jackson blamed entrenched interests, as well as shortsighted political leaders and general human apathy, for delaying action toward the most ambitious goal set in Paris in 2015 of limiting warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) above preindustrial levels.

“It isn’t just COP27, it’s the lack of action at all the other COPs since the Paris accord,” he said. “We’ve been bleeding for years now.”

just need to push harder :wink:

At least he’s not sniffing her hair. :wink:


DOL rules that “environmental justice” matters more than your 401k returns, allowing ESG funds to be made the default and/or only options by employers if they want to look good that way at your expense. ESG funds are naturally less diversified (excluding unfashionable industries like fossil fuels) and usually also more expensive than index funds as well.


New rules ,look don’t smell :wink:

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Both the UK and Germany are ignoring basic economics: you get less of what you tax


Whoops. Do not tell the Electric car loving American Left

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Or DO tell, so we all can learn something. Maybe.

The article you linked says: “Switzerland typically imports electricity from France and Germany to meet all its power demand,” but the original article from Der Spiegel that it’s based on says: “Most of the electricity in Switzerland comes from hydropower. However, the country also imports electricity from Germany and France.” It does not say that the country needs those imports “to meet all its power demand.” Basic googling suggests that they produce enough on their own, none of which is from gas, oil, or coal, by the way. But they do export, import, and transmission, which may be a problem (such as contracted exports or insufficient internal interconnections or something).

Of course not all of Switzerland’s power comes from one source. But enough of it comes from fossil fuels in neighboring countries that have been curtailed by the Russia embargo that they need to limit the extravagant use of power to run electric cars instead of to power their homes and businesses.

Similarly, here in California during the summer power shortages due to solar drop off in the evening, the California power grid operator requested that people not charge their electric cars during those hours so the power used would be available for other uses,

All of this is with only a few percent of electric battery cars. If the Left run states like California and New York get their way there will be no gas powered cars. The situation now in Switzerland shows that the ability of the power system to provide energy for these cars under all circumstances has not been thought through.

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Sure, there’s a lesson to be learned. And California is catching up by rapidly increasing utility-scale battery storage. Let’s hope the pace is fast enough to keep up with all the EV plans.

See this article. The calculations show that the planned storage is a tiny fraction of the requirement.

When you do the simple arithmetic to calculate the storage requirements and the likely costs, it becomes obvious that the entire project is completely impractical and unaffordable. The activists and politicians pushing us toward this new energy system of wind/solar/storage are either being intentionally deceptive or totally incompetent.

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Interesting technical article

Energy “experts” scoff at the long-term prospects for nuclear fission power, observing that known worldwide reserves of uranium, used in present-day reactor designs, would suffice for only on the order of a century if nuclear power were to replace all primary power generation sources presently in use. But is this correct? In fact, this conclusion stems not from science and technology, but stupidity and timidity, and nuclear fission is a “bird in the hand” solution to the world’s energy problems awaiting only the courage and will to deploy it.

That is the conclusion by the authors of a paper with the same title as this post, “Nuclear Fission Fuel is Inexhaustible ” [PDF, 8 pages], presented at the IEEE EIC Climate Change Conference in Ottawa, Canada in May 2006. Here is the abstract:

Nuclear fission energy is as inexhaustible as those energies usually termed “renewable”, such as hydro, wind, solar, and biomass. But, unlike the sum of these energies, nuclear fission energy has sufficient capacity to replace fossil fuels as they become scarce. Replacement of the current thermal variety of nuclear fission reactors with nuclear fission fast reactors, which are 100 times more fuel efficient, can dramatically extend nuclear fuel reserves. The contribution of uranium price to the cost of electricity generated by fast reactors, even if its price were the same as that of gold at US$14,000/kg, would be US$0.003/kWh of electricity generated. At that price, economically viable uranium reserves would be, for all practical purposes, inexhaustible. Uranium could power the world as far into the future as we are today from the dawn of civilization—more than 10,000 years ago. Fast reactors have distinct advantages in siting of plants, product transport and management of waste.

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More on energy storage comparing a battery to coal. A similar conclusion would be reached comparing the energy density of gasoline to a battery.


To illustrate coal’s energy density, a Tesla battery that weighs over 500kg and takes 25-50 tons (i.e. thousand kgs) of minerals to be mined, processed, and transported, can store the same energy as a mere 30kg of coal.

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Wind and solar are still only a few percent of the worldwide energy consumed