GREEN NEW DEAL = BLIZZARD OF LIES

[notsonice + 1,243]

16 hours ago, Ron Wagner said:

https://news.yahoo.com/finance/news/americans-aren-t-lining-buy-114500321.html

Americans aren’t lining up to buy EVs — despite the new $7,500 Inflation Reduction Act tax credit. Here are the 2 big reasons why

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Global EV sales expected to surge 35%, over 14 million cars in 2023

 

 

 

 EV sales jumping in 2022 
 compared to the years prior. 

Vishesh Raisinghani

Thu, April 27, 2023 at 6:45 AM CDT

 

 

If only electric vehicles would shoot sparks — in the marketplace, that is.

Despite the billions of dollars invested by private corporations, and government subsidies, Americans are still indifferent as a whole over electric vehicles.

Just two in every 10 Americans say they are “very likely” to buy an EV as their next car, according to a recent survey by the University of Chicago’s Energy Policy Institute and the AP-NORC Center for Public Affairs Research.

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The U.S. is an outlier on the issue

Two-thirds of Europeans said their next car would likely be an EV, a recent EIB climate survey shows. Meanwhile, EVs already account for 86% of new car sales in Norway and 72% in Iceland, according to statistics cited by Canary Media.

Even Chinese consumers are more enthusiastic about this transition than their American counterparts, those numbers show; 16% of all cars sold in China in 2021 were electric, whereas the figure in the U.S. is just 5%, ranking it number 19 out of the 20 countries charted.

The Biden Administration can’t be happy with those findings.

The transition to clean energy is a key part of the government’s agenda and subsidies in the recently-passed Inflation Reduction Act were supposed to make EVs more appealing. The legislation earmarked up to $7,500 in tax credits for each American motorist who ditched their gas guzzler. The administration’s strict new pollution limits are intended to push EV sales to 67% of the market by 2032.

Unfortunately, the carrot-and-stick approach hasn’t worked. To drive EV adoption higher, the government and auto industry need to resolve two key hurdles for ordinary consumers: cost and infrastructure.

Cost and charger conundrum

Roughly 80% of Americans name “costs” and the “availability of charging stations” as their EV biggest concerns. There are only 53,000 electric charging stations in the U.S. compared to 145,000 gas stations, according to the World Economic Forum. Charging an EV is substantially more time consuming, which explains why charging stations need to exceed gas stations for comparable availability.

Reliability ranks as another key issue. Drivers seldom have to worry about their local gas station being out of service – but one-fourth of charging stations tested by climate advocacy group Cool the Earth didn’t function.

Resolving these issues could take years, which means the Biden Administration’s target of 67% EV adoption is likely unrealistic. It also means gas-powered vehicles and fossil fuels are here to stay for the foreseeable future. The petroleum sector is under appreciated by many investors, which could create bargain opportunities.

Have you tried to buy an EV?????

you have to wait 6 months to one year for delivery.......in the US

[Ecocharger + 1,446]

4 minutes ago, notsonice said:

IEA forecasts were also calling for average $92 brent in 2023 in late December

then they lowered it to $83.......because of lack of demand....

and where is it today $78 and moving lower every month.....

4 months are over already in 2023 and the big rise in demand that IEA forecast has not materilized

 

Only way that OPEC can move the price up is cutting supply.........cuts of 1.16 million barrels per day

 

Now you tell me why would they have to cut supply if demand is hitting highs???

The only thing I can tell from your posts is Hits and Highs is happening in the weed patch

Remember the Fed is in charge and they like $70 Brent not $90...more rate hikes in the cards

2% inflation target does not happen when the price of oil is going up

 

PS and those pesky EV's...Forecast is for 15 million this year...next year 20 million and 2025 25 million

oh my my Oil demand does not increase when people are switching to EVs

Enjoy the transition, I am

You are dreaming in technicolor again. 

"Solid demand from China raised global oil demand by 810,000 bpd year-on-year in the first quarter to 100.4 million bpd, the IEA said in its Oil Market Report for April."

[notsonice + 1,243]

9 minutes ago, Ecocharger said:

You are dreaming in technicolor again. 

"Solid demand from China raised global oil demand by 810,000 bpd year-on-year in the first quarter to 100.4 million bpd, the IEA said in its Oil Market Report for April."

China was restocking early 2023 after ending the lockdowns .....April YOY truck/diesel use is now down 8 percent.....

...latest news...try to keep up

In China, the number of trucks running on highways is noticeably down in recent weeks. In Europe, diesel’s premium to crude futures recently plunged to the lowest level in more than a year. In the US, demand is on track to contract 2% in 2023, S&P Global Inc. says. Excluding 2020, when much of the economy briefly came to a standstill, that 2% slump would be the biggest drop in America’s diesel use since 2016. 

keep up with the times....You do realize the Fed raises rates and China suffers as most projects are financed in Dollars and in China contracts are based off of Dollar rates....China is in a deep real estate recession (35 percent of their economy) and the Fed raising rates ....is dragging them down

You keep praying for a dead cat bounce

PS Thus the OPEC cut in production in the past 30 days  as their future loadings/bookings to China plummeted from the 1st quarter......

 

Brent Crude says it all

Edited April 28, 2023 by notsonice

[Ecocharger + 1,446]

29 minutes ago, notsonice said:

Have you tried to buy an EV?????

you have to wait 6 months to one year for delivery.......in the US

The same for fossil fuel vehicles. Shortages.

 

18 minutes ago, notsonice said:

China was restocking early 2023 after ending the lockdowns .....April YOY truck/diesel use is now down 8 percent.....

...latest news...try to keep up

In China, the number of trucks running on highways is noticeably down in recent weeks. In Europe, diesel’s premium to crude futures recently plunged to the lowest level in more than a year. In the US, demand is on track to contract 2% in 2023, S&P Global Inc. says. Excluding 2020, when much of the economy briefly came to a standstill, that 2% slump would be the biggest drop in America’s diesel use since 2016. 

keep up with the times....You do realize the Fed raises rates and China suffers as most projects are financed in Dollars and in China contracts are based off of Dollar rates....China is in a deep real estate recession (35 percent of their economy) and the Fed raising rates ....is dragging them down

You keep praying for a dead cat bounce

PS Thus the OPEC cut in production in the past 30 days  as their future loadings/bookings to China plummeted from the 1st quarter......

 

Brent Crude says it all

You are wandering all over the place, as usual,.Yes, there are long wait times for every new car, including ICE fossil fuel cars. Where have you been this past year?

Bottom line is as follows, as Chinese demand for oil continues to ramp up,

"Solid demand from China raised global oil demand by 810,000 bpd year-on-year in the first quarter to 100.4 million bpd, the IEA said in its Oil Market Report for April."

 

Edited April 28, 2023 by Ecocharger

[Michael Sanches + 187]

On 4/26/2023 at 2:58 AM, Rob Plant said:

No coal production is set to plateau over the next 3 years and then tail off, (check any forward projections including pro coal ones).

The world needs more energy so I dont expect coal to drop away as sharply as it has done in the UK for other countries but the additional energy requirements the world needs will therefore come from other sources and not coal.

https://www.iea.org/reports/coal-2022/executive-summary

Stupidity is amazing. One person says, "Coal is King, today."

You say, "No, you are wrong, coal usage will peak in three years, which proves coal isn't king today."

You live in Bizarro world.

[Ron Wagner + 702]

11 hours ago, notsonice said:

Have you tried to buy an EV?????

you have to wait 6 months to one year for delivery.......in the US

Yes, I tried to buy a Maverick pickup truck. The factory was not taking any more orders. They were taking over six months to get and no guaranteed time frame. It was a "mild hybrid". I am glad I didn't buy it because I was going to let go of my very low mileage Nissan 12 seat van. It is probably worth as much as when I bought it, over five years ago. 

[Ron Wagner + 702]

On 4/25/2023 at 3:30 PM, turbguy said:

I cannot argue that hydroelectric generation has no environmental impact.  

It does. 

All energy extraction "forms" do. 

That said, such systems provide more than electricity.  For instance, the Hoover Dam's most valuable product is a controlled water supply.

I don't know whom might consider hydroelectric power "non-sustainable".  I don't think precipitation or gravity is going anywhere in the foreseeable future  Perhaps you can clue us in on whom holds such belief? 

It is:

• A renewable energy source
• Has low operating costs
• It can provide dispatchable baseload power
• It can be used to store energy
• It can help to reduce greenhouse gas emissions

 

Liberals in California have stopped many proposed dams including the Auburn Dam on the Sacramento River near where I once lived. 

Dams are not totally reliable unless they are in areas that get regular rainfall every year in the watershed area. That has been obvious to all out West and now in parts of Oklahoma and Texas. If the groundwater becomes depleted it will also soak up a lot of water that would otherwise reach the dams. TVA has never had that problem, to my knowledge. They should also be dredged, which is expensive, or they may fill with silt. 

China has been having severe droughts and not receiving as much electrical output as they need from their giant dams. 

[Boat + 1,323]

22 hours ago, Ecocharger said:

You are dreaming in technicolor again. 

"Solid demand from China raised global oil demand by 810,000 bpd year-on-year in the first quarter to 100.4 million bpd, the IEA said in its Oil Market Report for April."

But world oil demand is still below 2019 levels. Is there a plan to pay for the cleanup of stranded assets? Have you apologized to Biden for creating such an exellent oil production environment in the US that exports of WTI are up to 1.25 mbpd. This is the Biden taking on Putin effect. 

[Eyes Wide Open + 3,552]

4 hours ago, Boat said:

But world oil demand is still below 2019 levels. Is there a plan to pay for the cleanup of stranded assets? Have you apologized to Biden for creating such an exellent oil production environment in the US that exports of WTI are up to 1.25 mbpd. This is the Biden taking on Putin effect. 

Time for ascension..

download.avif

Edited April 29, 2023 by Eyes Wide Open

[footeab@yahoo.com + 2,187]

Why does any fool think the price of oil is based on supply/demand?  Unbelievable

Oil price is at least based upon 50% geopolitics if not 90%.  If it was supply/demand, Iran, Venezuela, Russia and to some extent Libya would not be embargoed.  If oil price was supply/demand, Canada would have long since built oil pipelines to Northern BC and Eastern Quebec.  If oil price was supply based, there would have long since been at least an NG pipeline from Nigeria going to Europe and East/West out of said country as well.  Same goes for Oil pipeline from Saudi Arabia/Iraq/Iran to the Mediterranean.  It is ABSURD that there is not several such pipelines today..  If Oil price was based on demand etc, Turkmenistan would have had a giant NG pipeline going west/east...

EDIT: One more pipeline which SHOULD exist is from Iran/Qatar going East to Pakistan/India/SE Asia... but nope... Bolochistan which should be its own country is in the way and so is the Muslim/Hindu war over Pakistan/India...  Those two countries should be swimming in dirt cheap NG right now... Next to free, yet.... nothing.  Pretending they are going to go "solar"

Price of oil/ng has next to NOTHING to do with demand, but rather geopolitics. 

 

Edited April 30, 2023 by footeab@yahoo.com

[Ron Wagner + 702]

On 4/28/2023 at 1:19 PM, notsonice said:

China was restocking early 2023 after ending the lockdowns .....April YOY truck/diesel use is now down 8 percent.....

...latest news...try to keep up

In China, the number of trucks running on highways is noticeably down in recent weeks. In Europe, diesel’s premium to crude futures recently plunged to the lowest level in more than a year. In the US, demand is on track to contract 2% in 2023, S&P Global Inc. says. Excluding 2020, when much of the economy briefly came to a standstill, that 2% slump would be the biggest drop in America’s diesel use since 2016. 

keep up with the times....You do realize the Fed raises rates and China suffers as most projects are financed in Dollars and in China contracts are based off of Dollar rates....China is in a deep real estate recession (35 percent of their economy) and the Fed raising rates ....is dragging them down

You keep praying for a dead cat bounce

PS Thus the OPEC cut in production in the past 30 days  as their future loadings/bookings to China plummeted from the 1st quarter......

 

Brent Crude says it all

There is a big world out there that will be demanding fossil fuels for many generations. Coal, natural gas, petroleum etc. Wind and solar will grow as a factor but not as you would like to see it. That is my take on it. New and improved technologies will determine winners and losers over many decades. Climate Change will be exposed as something that always existed and mankind has little control over. 

[Eyes Wide Open + 3,552]

55 minutes ago, footeab@yahoo.com said:

Oil price is at least based upon 50% geopolitics if not 90%.  

90 make no mistake. Ever wonder why Iran does not trust Biden ...Lmao 

[TailingsPond + 671]

2 hours ago, Ron Wagner said:

Climate Change will be exposed as something that always existed and mankind has little control over. 

A defeatist attitude.

"We didn't do it" or "we cant fix it anyways so why bother trying" is lazy garbage.

Little wonder why you support losers.

[specinho + 457]

On 4/29/2023 at 1:51 PM, Ron Wagner said:

Liberals in California have stopped many proposed dams including the Auburn Dam on the Sacramento River near where I once lived. 

Dams are not totally reliable unless they are in areas that get regular rainfall every year in the watershed area. That has been obvious to all out West and now in parts of Oklahoma and Texas. If the groundwater becomes depleted it will also soak up a lot of water that would otherwise reach the dams. TVA has never had that problem, to my knowledge. They should also be dredged, which is expensive, or they may fill with silt. 

China has been having severe droughts and not receiving as much electrical output as they need from their giant dams. 

Saw a posted photo on a newly built dam in Yemen or India, or some sort. The surrounding showed rocky, barren land. No grass, no tree, no other plant, just reddish clay to rocky land......

This is @#*_&-+)!;?...😣

Common sense dictates dam ought to be built in water catchment areas where there will be no shortage of rain or reserved water. For example, forested areas with a lake or surface reservoir.

Natural cycle of water within the area would suffice to sustain it. Water dropped back down adjacent to this area will be absorbed by roots further distance away... if the rain is heavy enough, they could replenish ground water used by mankind..... Etc...

Therefore, instead of letting all similar dams go wasted or dried up, any vote to create or modify the geomorphology surrounding the dams i.e. set up water catchment areas? 

Sometimes, booze for double vision is definitely a necessity for engineers who work in these areas..... 'n'

 

[Ecocharger + 1,446]

17 hours ago, TailingsPond said:

A defeatist attitude.

"We didn't do it" or "we cant fix it anyways so why bother trying" is lazy garbage.

Little wonder why you support losers.

The so-called "science" supporting the anti-CO2 mania has been exposed as defective propaganda. 

A failed science for losers.

[Ecocharger + 1,446]

The looney left never learns, trying the same old failed regulations which the courts have already thrown out.

This is nothing to do with realistic policy, it is just an attempt to provoke political controversy.

Losers love to lose.

https://oilprice.com/Latest-Energy-News/World-News/New-York-Soon-To-Become-First-State-To-Ban-Natural-Gas-Hookups-In-New-Buildings.html

"Earlier this month, an appeals court ruled against the city of Berkley, California, over its scheme to ban natural gas hookups in new buildings. In the ruling, the court sided against Berkely, saying that its 2019 ban on natural gas hookups effectively banned all appliances operating with natural gas, which it was not allowed to do because of federal legislation that pre-empts such local legislation."

Edited May 1, 2023 by Ecocharger

[notsonice + 1,243]

On 4/28/2023 at 12:37 PM, Ecocharger said:

The same for fossil fuel vehicles. Shortages.

 

You are wandering all over the place, as usual,.Yes, there are long wait times for every new car, including ICE fossil fuel cars. Where have you been this past year?

Bottom line is as follows, as Chinese demand for oil continues to ramp up,

"Solid demand from China raised global oil demand by 810,000 bpd year-on-year in the first quarter to 100.4 million bpd, the IEA said in its Oil Market Report for April."

 

China is your savoir???

well keep praying for a miracle as the latest news out of China spells contraction in their economy

todays morning news

In news from China, the country’s purchasing managers’ index for March fell to 49.2 from 51.9 in March, sparking worry about the Asian powerhouse’s recovery. A reading of 50 separates growth from contraction.

This is on top of the declining Truck usage out of China

 

You keep hoping for your dead cat bounce

 

Reality Demand for Oil sucks

$80 Brent just is not happening.......even with the OPEC cut kicking in

Brent under $79 this morning......can we see Brent under $75 by mid month????  Very easy to see

WTI under $70 this month????? Sleepy Joe to the rescue ???? Fill up the SPR later this year???

 

EV's are going to send the Oil markets into oversupply permanently... Enjoy the Transition, I am

 

 

[Rob Plant + 2,747]

On 4/28/2023 at 2:49 AM, Ron Wagner said:

Complaining of one year caused by German mistakes in supporting Russia does not a good argument make. Natural gas is now near an all time low considering inflation. 

But that isnt with Joe consumer yet, its still astronomical!

Try living here and you'd know.

[Rob Plant + 2,747]

On 4/29/2023 at 1:58 AM, Michael Sanches said:

You live in Bizarro world.

Dont we all?

[Rob Plant + 2,747]

On 4/29/2023 at 1:58 AM, Michael Sanches said:

Stupidity is amazing. One person says, "Coal is King, today."

You say, "No, you are wrong, coal usage will peak in three years, which proves coal isn't king today."

You live in Bizarro world.

No Michael

Try reading what I actually said instead of trying to paraphrase what I didnt actually say!

This is what I said 

"No coal production is set to plateau over the next 3 years and then tail off, (check any forward projections including pro coal ones)."

I never mentioned the word "peak" you did, I said it would remain as it is today which proves nothing at all about when it did peak which was probably about 10 years ago.

In the "Bizarro world" I live in some people clearly can't read!

[footeab@yahoo.com + 2,187]

40 minutes ago, Rob Plant said:

No Michael

Try reading what I actually said instead of trying to paraphrase what I didnt actually say!

This is what I said 

"No coal production is set to plateau over the next 3 years and then tail off, (check any forward projections including pro coal ones)."

I never mentioned the word "peak" you did, I said it would remain as it is today which proves nothing at all about when it did peak which was probably about 10 years ago.

In the "Bizarro world" I live in some people clearly can't read!

Ah, made the mistake of hitting, show post, for this typical "gem" from you...

Semantic shaving when saying identical statements, but worded differently.... pathetic.

[Rob Plant + 2,747]

5 minutes ago, footeab@yahoo.com said:

Ah, made the mistake of hitting, show post, for this typical "gem" from you...

Semantic shaving when saying identical statements, but worded differently.... pathetic.

Looks like you were educated at the same place!

If you think the statements are the same then you confirm you're the buffoon I knew you to be. Pathetic indeed!

[Ecocharger + 1,446]

On 5/1/2023 at 4:50 AM, notsonice said:

China is your savoir???

well keep praying for a miracle as the latest news out of China spells contraction in their economy

todays morning news

In news from China, the country’s purchasing managers’ index for March fell to 49.2 from 51.9 in March, sparking worry about the Asian powerhouse’s recovery. A reading of 50 separates growth from contraction.

This is on top of the declining Truck usage out of China

 

You keep hoping for your dead cat bounce

 

Reality Demand for Oil sucks

$80 Brent just is not happening.......even with the OPEC cut kicking in

Brent under $79 this morning......can we see Brent under $75 by mid month????  Very easy to see

WTI under $70 this month????? Sleepy Joe to the rescue ???? Fill up the SPR later this year???

 

EV's are going to send the Oil markets into oversupply permanently... Enjoy the Transition, I am

 

 

Sure, if the economy tanks and goes into recession, every market goes down, so that is nothing new.

But if the economy collapses, there will be a new occupant of the White House and the Green mania will dissipate, normalcy will prevail once again.

Regardless of outcome, fossil fuels will reign, as the Biden people have already acknowledged.

[notsonice + 1,243]

1 hour ago, Ecocharger said:

Sure, if the economy tanks and goes into recession, every market goes down, so that is nothing new.

But if the economy collapses, there will be a new occupant of the White House and the Green mania will dissipate, normalcy will prevail once again.

Regardless of outcome, fossil fuels will reign, as the Biden people have already acknowledged.

Maybe your economy is tanking....China is in a recession yes...In the US Plenty of jobs here, Renewables are booming, New Plants are being built everywhere......Love the Sleepy Joe Semiconductor Boom?????? Unemployment at record low levels...3.5 percent is not a number that is associated with any recession that I know of.........takes a steep increase first in unemployment first ...then a recession follows......

Only market that is cratering is Coal Oil and Gas..........Nothing will stop the decline in all three in the next decade...Coal is already declining here.....all you have is your hope of a 2022 dead cat bounce in coal........Oil use in the US ........it peaked years ago.....

and the decline in fossil fuels .......due to renewables.....

Enjoy the Transition ....I am

$75 Brent today....get used to the crash in Fossil Fuels

Edited May 2, 2023 by notsonice

[notsonice + 1,243]

China’s ‘explosive’ oil demand growth set to moderate, says Poten
Push for more electric cars and shrinking population set to contribute to reduced demand

1 May 2023 2:14 GMT UPDATED  1 May 2023 8:43 GMT
By Dale Wainwright   in    Singapore 
The days of explosive growth in China’s crude oil demand look to be behind it, with future expansion expected to be moderate and cyclical, says a top US shipbroker.

Last year, China’s overall oil demand declined by 417,000 barrels per day (bpd), or 2.7%, compared to 2021 due to China’s zero-Covid policy.

Transportation fuels, gasoline and jet fuel suffered the largest declines as lockdowns affected people’s ability to travel.