As Biden, the President of Climate Change, and Kerry, our fabulous Climate Czar, who just gave Japan the thumbs up to dump millions of tons of waste water from the crippled Fukushima nuclear plant into the Pacific Ocean, who then flies off in his private jet to Martha's Vineyard, decide to create a massive legislative boondoggle called the Green New Deal. Now, they are not alone, they have the full throated backing from a bartender from Westchester NY, a socialist from Vermont, and other liberal climatoligists who get on twitter and tell us definitely that we're all going to all die in 10 years if we don't comply. So, all of the climate crew are preparing to bring America into the dark ages. We have the new DOE Grishom, ex-Michigan Gov. who didn't meet a pipeline she didn't want to expunge (and Whitmer has now taken up the mantel on Line 5), and then we have Haaland, head of DOI, who didn't meet a drilling rig she didn't want to burn to the ground. So, we have a group of thugs, pushing their agenda, and with no solutions, objectives, science, economics, or the actual future of the U.S. in mind, so they press ahead with a monumental agenda where no one wins, expect them.
In 4 months, the U.S. production has dropped over 2 million barrels and the climate wizards are demanding that the U.S. drop its emissions by 50% by 2030. WHOA! How is that going to work? Doesn't matter, just gut up and do it. Overhauling the electric grid? 1/2 million charging stations? refitting millions of buildings, transitioning all federal vehicles to EVs, etc. It's such a lofty goal, but while being in Texas in February, I know for certain, that even 4 days without power, heat, communication and black ice, car dead, it's a pretty scary ordeal, and that's just 4 days. So, just wondering just a bit about solar and wind, no one seems to be considering the problem of the massive renewable capacity that will be required to supply energy to the nation. Not only the grid, but the vast swaths of land with new infrastructure at the same time that politicians and landowners from California to Vermont are fighting against the encroachment of large-scale renewable energy projects.
New York is shutting down its last nuclear plant at Indian Point and Gov. (in big trouble) Cuomo won't allow drilling or pipelines, so this should be pretty interesting to watch next winter, L.A. County banned large wind turbines and San Bernardino Co, Humboldt County, and Santa Barbara County rejected new wind turbines in their communities. So as California, the big kahuna of renewable energy, between 2013 and 2019 California added less than 200MW of new wind energy capacity. California as we know, will do anything to get to their goal of 30% lower emissions this year, so it's not much of a challenge to find some of the projects they have promoted in order to reach that standard. Below is Ivanpah, with 350,000 garage size heliostats (mirrors) with 3 459' boiling towers costing $2.2B, backed by the U.S. taxpayers. The facility has had more problems than Biden's thought process and the beams from the sun blind pilots going into LAX, scorch birds out of the sky (called streamers) - not sparrows by the way, covers 4000 feet of land in the Mojave Desert which "was" protected for wind burrow and the desert tortoise (but, it's for the good of the environment you idiots), and its capacity for all its cost and environmental issues it generates 342MW of power. That would be 140,000 homes. Yup, what a great project, and let's mot forget Crescent Dunes, another solar project that went bankrupt last year.
So, we are going into a big giant mass of insanity with the Biden Administration going back into the Iran Nuclear Deal and handing them bucks and China is paying Iran with their cryptocurrency to a million+ bbls of oil. So, the energy sector along with the country is in big trouble, and it's been 4 months. We see the oil price moving about $5 bucks up and down every couple of weeks, and it's unsettling with banks lending on environmental risk and social justice risk. Before the "Woke" came into play between energy and the lenders, risk was based on the proven reserves, developed and undeveloped, and now, how the hell do you calculate social justice risk? But, wait, Exxon, BP, Shell, Conoco has been fighting failing states like NY, MA, CT, DE (Biden's home town BTW) CA, etc. (blue=disaster), for climate change disinformation. As Biden says "Wreaked Havoc on Our Climate"! So, the Majors are now folding to the woke crowd, climate change will be the breakthrough for huge legal class actions, and the big question after all is said and done, will America survive?
