Ecocharger + 1,375 DL December 9, 2022 On 12/7/2022 at 3:35 PM, notsonice said: The lunatics were calling Sleepy Joe's release from the SPR acts of a mad man...... Reality....Sleepy Joe is running the show ....Putin and his pal in Saudi Arabia got outplayed $2.50 to $2.75 is the new price for gas at the pump for the next couple of years with Sleepy Joe buying oil to fill back up the SPR at $70 or less per barrel. No layoffs in the US oil patch anytime soon. Sleepy Joe is real Yankee Doodle Magaman. Nothing to do with SPR...that is a weak analysis. Quote Share this post Link to post Share on other sites
Ecocharger + 1,375 DL December 9, 2022 12 hours ago, Jeroen Goudswaard said: It all depends on future government intervention. For now, holding on is a good thing yes. But I would not recommend buying another one. Before you know, with a combination of ULEZs, additional environmental taxes, and no future planning permission for new fuel stations, you will be stuck with a lot of money in a worthless piece of steel. No, the Green Dream is being undermined by the science. It seems to be a cold fall, and the Greenies are scrambling for an explanation. Quote Share this post Link to post Share on other sites
Ecocharger + 1,375 DL December 9, 2022 20 hours ago, Jay McKinsey said: Germany’s plugin electric vehicle share broke new records in November, gaining 39.4% of the auto market, up from 34.4%, year on year. Some joke, electric is still below 1% of the transportation market. 1 Quote Share this post Link to post Share on other sites
Ron Wagner + 643 December 9, 2022 17 hours ago, Jeroen Goudswaard said: It all depends on future government intervention. For now, holding on is a good thing yes. But I would not recommend buying another one. Before you know, with a combination of ULEZs, additional environmental taxes, and no future planning permission for new fuel stations, you will be stuck with a lot of money in a worthless piece of steel. Jeroen, I try to keep government tariffs, rebates, and all such artificial factors out of consideration for logical reasons. 1. They change frequently. 2. They vary by political jurisdiction, state, country, etc. 3. I oppose all such things because they create an artificial economy that does not work properly. 4. They force winners and losers according to government whim and false assumptions. 5. New technology is always changing the underlying assumptions. My personal favorite fuel is natural gas. Preferably piped. That runs into national cooperation needs, but is the best way to go. Russia's aggression and blackmailing of Europe are a great example of problems. Those problems can be overcome over time. That is where LNG comes in. LNG is currently quite expensive because Europe did not prepare for the obvious threat from Russia until Ukraine was attacked. They had been warned by the United States all along. LNG will become less expensive as time goes on, infrastructure grows, and more countries develop their resources of All Kinds, including wind and solar. Petroleum and natural gas are both threatened by ESG but logic is taking over. Our President Biden is a big supporter of ESG for America but is willing to buy oil anywhere else and make it difficult to build pipelines in the USA. I contend that there are tremendous amounts of oil and gas available for development. Also biofuels such as ethanol, biodiesel, biogas from sewage and landfills etc. I believe that all forms of energy should compete on a level playing field so long as REAL pollution is under control. CO2 is not pollution. It is what plants need to grow optimally. Global Warming is a slow process that can be adapted to. Right now the biggest polluter is China which burns coal. India does also. Asia is where most people live and they will be greatly increasing their use of energy as they become more advanced and produce more. 1 1 Quote Share this post Link to post Share on other sites
notsonice + 1,068 DM December 9, 2022 16 hours ago, Ecocharger said: Nothing to do with SPR...that is a weak analysis. lol ....have you been living in denial all of your life???? The extra 2 million barrels on the market everyday for the past 6 months have brought the oil price down from $130 to $70 Remember your Goldman Sucks Post of $130 Brent back in July???? they and you have no clue at all on the effect of the SPR releases Back in July I called $90 Brent at thanksgiving and $80 Brent at xmas........Santa Joe is delivering The annonucement of a $70 refilling price has put a floor under the price of oil..... instead of sellling 2 million barrels a day Sleepy Joe can refill at 2 million barrels a day.....the floor is set Sleepy Joe is now the swing buyer/producer all wrapped up in one. All of the speculators in the Futures market for crude have exited as the ability for the market to move up or down is now limited.... take a look at the open interest in the crude futures market......the market is in contango....risk aversion is the rule now Absent a huge production cut out of Saudi Arabia or Russia or Xi buying the Pfizer vaccine en masse (China is screwed unless they develope an effective vaccine as their vaccine sucks and is not effictive) Unless the Fed loosens rates...........Sleepy Joe controls the oil markets as the swing market player Enjoy Cheap Gasoline......Sleepy Joe will claim a political victory at the same time as he pushes renewables full speed Quote Share this post Link to post Share on other sites
Ron Wagner + 643 December 9, 2022 https://www.wsj.com/articles/gas-prices-fall-below-last-years-average-11670508194?mod=economy_lead_pos4 Gas Prices Fall Below Last Year’s Average The U.S. average for regular unleaded gasoline has declined to $3.29 a gallon, below its average of $3.36 last year Motorists are getting some relief at the gas pump.PHOTO: FREDERIC J. BROWN/AGENCE FRANCE-PRESSE/GETTY IMAGES By Hardika Singh Follow and David Uberti Follow Updated Dec. 8, 2022 4:55 pm ET SAVE PRINT TEXT Listen to article Length(5 minutes) Queue When gasoline prices shot upward earlier this year, Mark Adams tapped the brakes on his hobby of exploring ghost towns and other historic sites across Oregon and sharing the imagery on YouTube. Now, he is back. A medical-device technician by day, Mr. Adams bought a more fuel-efficient car and has since watched his weekly gas bill fall from as high as $75 to about $30. It is enough of a difference that the 57-year-old has begun charting out which abandoned structures he is going to visit next. “It doesn’t pay for itself when you’re just a YouTuber,” Mr. Adams said of his pastime. Many other motorists like Mr. Adams are finally getting some relief at the gas pump, signaling that some of the recent pressures on the gasoline market are easing. National average for unleaded gas pricesSource: GasBuddyNote: Data are through Dec. 8. 2022Dec.3.03.54.04.5$5.0a gallon The U.S. average for regular unleaded gasoline has declined to $3.29 a gallon, falling below its average of $3.36 from last year, according to GasBuddy data. That is down about 35% from its peak of about $5 earlier in the year, when the war in Ukraine disrupted supplies and boosted prices for raw materials from copper to corn to diesel. The decline in gas prices bodes good news for consumers, whose wallets have been pinched this year by higher prices for nearly everything from milk to bread to eggs. Higher gas prices have been the biggest contributor to multidecade highs in inflation, which have propelled the Federal Reserve to aggressively raise interest rates, battering stocks and bonds alike. The decline extends a wild year for gas prices, which soared to records in the summer, upending motorists’ travel plans. Now, some analysts expect them to fall below $3 by the end of the year. Gas prices can vary regionally because of taxes and distance from refineries. But all 50 states have seen monthly drops, with the slide led by Wisconsin, Indiana and California. Prices for diesel, used in trucking and manufacturing, have fallen in about 48 of 50 states, led by Oklahoma, South Dakota and Kansas. NEWSLETTER SIGN-UP Real Time Economics The latest economic news, analysis and data curated weekdays by WSJ's Jeffrey Sparshott. Preview Subscribe The national average for diesel Thursday fell below $5 a gallon after hitting all-time highs earlier this year. “Most Americans are going to start to feel that gas prices are no longer a thorn in their side,” said Patrick De Haan, head of petroleum analysis at GasBuddy. Mr. De Haan expects diesel prices will fall below $4 a gallon in the next few months. The cost of gasoline climbed after the global flow of crude oil was disrupted by economic fallout from Russia’s invasion into Ukraine. Higher gas prices heightened political tensions during the midterm elections and contributed to President Biden authorizing the release of 180 million barrels of oil from the country’s Strategic Petroleum Reserve. Advertisement - Scroll to Continue The global benchmark for crude prices has since plunged about 40% from its war-driven 2022 high. Russian oil has kept flowing to the market and stringent lockdowns in China, the world’s biggest consumer of commodities, has hurt demand. The U.S. crude futures contract lost 0.8% Thursday to settle at $71.46 a barrel. Brent crude slid 1.3% to $76.15. How a Cap on Russian Oil Prices Could Affect U.S. Consumers YOU MAY ALSO LIKE How a Cap on Russian Oil Prices Could Affect U.S. ConsumersPlay video: How a Cap on Russian Oil Prices Could Affect U.S. Consumers U.S. gas prices have been up and down throughout the year and now more uncertainty is on the horizon as a European Union embargo on Russian oil imports kicks in along with a price cap on crude out of Russia. WSJ explains how these moves could impact prices at the pump for Americans. Illustration: WSJ Energy stocks have surged despite a tepid performance by other companies. The S&P 500 energy sector is the only one of the index’s major groups in the green, up more than 50% so far this year. Shares of energy-giant Exxon Mobil Corp. have added about 70%, Chevron Corp.’s have gained 48% and Marathon Petroleum Corp.’s have jumped 70%. Oil traders don’t expect Western sanctions on Russian crude, which took effect Monday, to push prices meaningfully upward by taking supplies off the market. Analysts also worry that demand from China remains soft despite a gradual move to reopen its economy. To be sure, investors hope that China’s eventual reopening, coupled with a flat production outlook among many oil producers, could boost gasoline prices and energy stocks next year. “You’re going to need to refill oil inventories in the U.S. and China, and supply is not going to be that substantial,” said Rob Thummel, portfolio manager at Tortoise, an energy asset manager. Mr. Thummel said that along with the ability to return cash to shareholders could lead to extended energy stocks’ gains next year. Write to Hardika Singh at hardika.singh@wsj.com and David Uberti at david.uberti@wsj.com Quote Share this post Link to post Share on other sites
Ron Wagner + 643 December 9, 2022 20 hours ago, Ecocharger said: Some joke, electric is still below 1% of the transportation market. The last report I saw said 2%. A fantastic development for Green Dreamers! I wonder how the chip and battery supply will do in 23? Quote Share this post Link to post Share on other sites
Ron Wagner + 643 December 9, 2022 On 12/7/2022 at 2:35 PM, notsonice said: The lunatics were calling Sleepy Joe's release from the SPR acts of a mad man...... Reality....Sleepy Joe is running the show ....Putin and his pal in Saudi Arabia got outplayed $2.50 to $2.75 is the new price for gas at the pump for the next couple of years with Sleepy Joe buying oil to fill back up the SPR at $70 or less per barrel. No layoffs in the US oil patch anytime soon. Sleepy Joe is real Yankee Doodle Magaman. Biden has increased the profit of the oil and gas problems by lowering potential supply. Supply is now coming from the rest of the world though. Venezuela up next? Quote Share this post Link to post Share on other sites
Jay McKinsey + 1,489 December 9, 2022 (edited) 26 minutes ago, Ron Wagner said: Biden has increased the profit of the oil and gas problems by lowering potential supply. Supply is now coming from the rest of the world though. Venezuela up next? Your daily dose of rubbish. In reality US supply is unchanged and we continue to be a net exporter. Edited December 9, 2022 by Jay McKinsey Quote Share this post Link to post Share on other sites
Ecocharger + 1,375 DL December 10, 2022 8 hours ago, notsonice said: lol ....have you been living in denial all of your life???? The extra 2 million barrels on the market everyday for the past 6 months have brought the oil price down from $130 to $70 Remember your Goldman Sucks Post of $130 Brent back in July???? they and you have no clue at all on the effect of the SPR releases Back in July I called $90 Brent at thanksgiving and $80 Brent at xmas........Santa Joe is delivering The annonucement of a $70 refilling price has put a floor under the price of oil..... instead of sellling 2 million barrels a day Sleepy Joe can refill at 2 million barrels a day.....the floor is set Sleepy Joe is now the swing buyer/producer all wrapped up in one. All of the speculators in the Futures market for crude have exited as the ability for the market to move up or down is now limited.... take a look at the open interest in the crude futures market......the market is in contango....risk aversion is the rule now Absent a huge production cut out of Saudi Arabia or Russia or Xi buying the Pfizer vaccine en masse (China is screwed unless they develope an effective vaccine as their vaccine sucks and is not effictive) Unless the Fed loosens rates...........Sleepy Joe controls the oil markets as the swing market player Enjoy Cheap Gasoline......Sleepy Joe will claim a political victory at the same time as he pushes renewables full speed There is nothing "extra" about it. This is just shuffling barrels from one inventory into another inventory, there is no new production with SPR releases. Don't tell me that you are still being fooled by this! That is sad. Quote Share this post Link to post Share on other sites
Ecocharger + 1,375 DL December 10, 2022 4 hours ago, Ron Wagner said: The last report I saw said 2%. A fantastic development for Green Dreamers! I wonder how the chip and battery supply will do in 23? If all forms of transportation are included, it is well below 1%. 1 Quote Share this post Link to post Share on other sites
Ron Wagner + 643 December 11, 2022 On 12/9/2022 at 7:57 PM, Ecocharger said: If all forms of transportation are included, it is well below 1%. There are lots of mopeds and three wheeled taxis etc. Quote Share this post Link to post Share on other sites
Ron Wagner + 643 December 11, 2022 https://www.breitbart.com/economy/2022/12/09/north-carolina-treasurer-says-blackrock-ceo-should-resign-be-removed/ North Carolina Treasurer Says BlackRock CEO Should ‘Resign or Be Removed’ Quote Share this post Link to post Share on other sites
notsonice + 1,068 DM December 11, 2022 59 minutes ago, Ron Wagner said: https://www.breitbart.com/economy/2022/12/09/north-carolina-treasurer-says-blackrock-ceo-should-resign-be-removed/ North Carolina Treasurer Says BlackRock CEO Should ‘Resign or Be Removed’ who cares about the garbage posted on Breitbart... 1 Quote Share this post Link to post Share on other sites
notsonice + 1,068 DM December 11, 2022 (edited) 'Gthe death of galclobal renewables capacity to double in five years' The death of coal one solar panel at a time Clean power expected to overtake coal as largest source of electricity generation by 2025, says IEA https://renews.biz/82284/global-renewables-capacity-to-double-in-five-years/ Dec 6 , 202222 6 December 2022 Other News[Image: IEA]The global energy crisis is driving a sharp acceleration in installations of renewable power, with total capacity growth worldwide set to almost double in the next five years, according to a new report from the IEA. The global energy crisis is driving a sharp acceleration in installations of renewable power, with total capacity growth worldwide set to almost double in the next five years, according to a new report from the IEA. Renewable power is overtaking coal as the largest source of electricity generation by 2025 and helping “keep alive” the possibility of limiting global warming to 1.5°C, the IEA said in its Renewables 2022 edition. Energy security concerns caused by Russia’s invasion of Ukraine have motivated countries to increasingly turn to renewables such as solar and wind to reduce reliance on imported fossil fuels, whose prices have spiked dramatically. Global renewable power capacity is now expected to grow by 2400GW over the 2022-2027 period, an amount equal to the entire power capacity of China today, Renewables 2022 found. This expected increase is 30% higher than the amount of growth that was forecast just a year ago, highlighting how quickly governments have thrown additional policy weight behind renewables. “Renewables were already expanding quickly, but the global energy crisis has kicked them into an extraordinary new phase of even faster growth as countries seek to capitalise on their energy security benefits. “The world is set to add as much renewable power in the next 5 years as it did in the previous 20 years,” said IEA Executive Director Fatih Birol. “This is a clear example of how the current energy crisis can be a historic turning point towards a cleaner and more secure energy system. “Renewables’ continued acceleration is critical to help keep the door open to limiting global warming to 1.5°C.” The report sees emerging signs of diversification in global solar PV supply chains, with new policies in the United States and India expected to boost investment in solar manufacturing by as much as $25bn over the 2022-2027 period. While China remains the dominant player, its share in global manufacturing capacity could decrease from 90% today to 75% by 2027. The report also lays out an accelerated case in which renewable power capacity grows a further 25% on top of the main forecast. Seb Kennedy, Head of Data Insights at TransitionZero, said: “The IEA’s report on the role of renewables aligns with global deflationary trends for renewable energy. “TransitionZero's analysis shows that the cost of renewable energy and storage has declined by 99% in the last 10 years. “While rising energy and material input costs have temporarily interrupted those declines, our data shows that on average, new-build renewable energy paired with storage is still significantly more cost-competitive than existing natural gas-fired power generation and can be retrofitted at a saving.” Edited December 11, 2022 by notsonice Quote Share this post Link to post Share on other sites
Ecocharger + 1,375 DL December 11, 2022 (edited) Here is a classic example of how Global Warming is increasing the demand for fossil fuels. Here is what happens when a Global Warming blast of hot air masses descends on populated areas. Oh, excuse me, that should be Global Warming/Cooling....I guess the climate scientists are getting confused these days. https://oilprice.com/Energy/Natural-Gas/Artic-Blast-Draws-Down-European-Natural-Gas-Inventories.html "An arctic blast is sweeping across Europe. Latest forecasts show average temperatures across Northwest Europe could fall to around 27 degrees Fahrenheit. The cold weather snap is weighing on European gas inventories, sending energy prices higher." Edited December 12, 2022 by Ecocharger 1 1 Quote Share this post Link to post Share on other sites
notsonice + 1,068 DM December 11, 2022 4 hours ago, Ecocharger said: Here is a classic example of how how Global Warming is increasing the demand for fossil fuels. Here is what happens when a Global Warming blast of hot air masses descends on populated areas. Oh, excuse me, that should be Global Warming/Cooling....I guess the climate scientists are getting confused these days. https://oilprice.com/Energy/Natural-Gas/Artic-Blast-Draws-Down-European-Natural-Gas-Inventories.html "An arctic blast is sweeping across Europe. Latest forecasts show average temperatures across Northwest Europe could fall to around 27 degrees Fahrenheit. The cold weather snap is weighing on European gas inventories, sending energy prices higher." global warming is not a snapshot over a few days...... Why are you not discussing the overall warming of the entire planet...still unable to deal with reality???? 1 1 Quote Share this post Link to post Share on other sites
TailingsPond + 468 GE December 11, 2022 8 hours ago, Ecocharger said: The cold weather snap Weather is not climate Quote Share this post Link to post Share on other sites
Jay McKinsey + 1,489 December 11, 2022 8 hours ago, Ecocharger said: Here is a classic example of how how Global Warming is increasing the demand for fossil fuels. Here is what happens when a Global Warming blast of hot air masses descends on populated areas. Oh, excuse me, that should be Global Warming/Cooling....I guess the climate scientists are getting confused these days. https://oilprice.com/Energy/Natural-Gas/Artic-Blast-Draws-Down-European-Natural-Gas-Inventories.html "An arctic blast is sweeping across Europe. Latest forecasts show average temperatures across Northwest Europe could fall to around 27 degrees Fahrenheit. The cold weather snap is weighing on European gas inventories, sending energy prices higher." ‘Relentless’: Extreme heatwave to blast north Aus A brutal heatwave will last longer than first thought as the nation’s south deals with weather extremes of a different kind. December 10, 2022 https://www.news.com.au/technology/environment/relentless-extreme-heatwave-to-blast-north-aus/news-story/33e83a9804dceddfc3fcc559369e2b63 Heatwave alert for Australia's north as temperatures tipped to hit 48 degrees this weekend By Tyne Logan Posted Fri 9 Dec 2022 at 11:07amFriday 9 Dec 2022 at 11:07am, updated Fri 9 Dec 2022 at 5:01pm Quote Share this post Link to post Share on other sites
Ecocharger + 1,375 DL December 12, 2022 6 hours ago, notsonice said: global warming is not a snapshot over a few days...... Why are you not discussing the overall warming of the entire planet...still unable to deal with reality???? The trend is changing, so we will see. At any rate, temperature change has nothing to do with CO2 levels, the science is clear on that. Where have you been lately? We discussed this already. 1 Quote Share this post Link to post Share on other sites
Old-Ruffneck + 1,177 er December 12, 2022 ENVIRONMENT Published December 11, 2022 7:22pm EST UK approves first coal mine in decades, sparking anger among environmentalists as energy costs soar Homes and businesses in the U.K. have seen bills double or triple this past year 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,375 DL December 12, 2022 2 hours ago, Jay McKinsey said: ‘Relentless’: Extreme heatwave to blast north Aus A brutal heatwave will last longer than first thought as the nation’s south deals with weather extremes of a different kind. December 10, 2022 https://www.news.com.au/technology/environment/relentless-extreme-heatwave-to-blast-north-aus/news-story/33e83a9804dceddfc3fcc559369e2b63 Heatwave alert for Australia's north as temperatures tipped to hit 48 degrees this weekend By Tyne Logan Posted Fri 9 Dec 2022 at 11:07amFriday 9 Dec 2022 at 11:07am, updated Fri 9 Dec 2022 at 5:01pm Jay, you are giving us "weather", not climate. Here is some real climatology, showing how we are getting a colder than normal winter coming up and already developing. Get out your mittens and ear-muffs. https://www.severe-weather.eu/global-weather/snow-extent-northern-hemisphere-highest-56-years-winter-cold-rrc/ Quote Share this post Link to post Share on other sites
Rob Plant + 2,610 RP December 12, 2022 On 12/6/2022 at 1:34 AM, Ecocharger said: Not necessarily poor planning....it is not easy to judge when a battery will run out and conk out. There will be many instances of EVs just running down on the highway, and needing a mobile charging station to come to the rescue. Eco thats just not true at all. There are loads of warnings that you are running low, in fact most EV's ask you if you want to run at a lower speed/reduced acceleration to conserve range so you wont run out of battery, I bet your FF car doesnt do that, you'll just get a warning light when you hit 50 miles left and thats your lot. Quote Share this post Link to post Share on other sites
Rob Plant + 2,610 RP December 12, 2022 On 12/7/2022 at 2:36 AM, Ecocharger said: Again, off the major routes you will have a harder time finding a charging station. And start dialing roadside assistance for a mobile charging station to arrive. Does North Amercia not have charging stations at every mall??? Weird if they dont Quote Share this post Link to post Share on other sites
Rob Plant + 2,610 RP December 12, 2022 8 hours ago, Old-Ruffneck said: ENVIRONMENT Published December 11, 2022 7:22pm EST UK approves first coal mine in decades, sparking anger among environmentalists as energy costs soar Homes and businesses in the U.K. have seen bills double or triple this past year This is a mine for steel production not to produce electricity! Quote Share this post Link to post Share on other sites
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