GREEN NEW DEAL = BLIZZARD OF LIES

[Ecocharger + 1,486]

20 hours ago, TailingsPond said:

The title of your link is "Oil demand in transport sector may drop..."

First paragraph:

"With the global energy transition in full swing, few clean energy sectors, if any, are expanding faster than the electric car market. A decade ago, a grand total of 130,000 EVs were sold globally; fast forward to the present, and nearly a similar number are sold in just a week."

"That includes Stanford University economist Tony Seba who has declared that EVs will obliterate the global oil industry by 2030 while Bloomberg News’ Akshat Rathi is on record claiming that ‘every F-150 Lightning destroys 50+ barrels of oil demand forever.’ The F-150 Lightning is Ford Motors’ (NYSE:F) electric equivalent of the marquee Ford-150 truck. Meanwhile, back in 2016, Bloomberg itself predicted EVs will trigger a global oil crisis."

You really have to dig to find any bullish news on oil in that article.

Even if you get a 34% increase in over 25 years is that a good investment?  Tesla is up 74.7% in the last year alone. Last 5 years it is up 916%.

Lastly, Nobody is saying sacrifice the family auto.

 

 

Your percentages are whacky, look at your base numbers. Just your usual nonsense meanderings.

The family auto would have to be sacrificed for most Americans if EVs are the only personal vehicles. That means YOU, buddy. You still rely on fossil fuel autos, so do not pretend that you will survive the proposed transportation holocaust unscathed.

A 34% increase in oil production is a huge volume and a giant leap forward. And now Biden & Co. are calling for a massive increase in oil production to maintain the family automobile, which tells you that there would be political disaster for Biden if the Green nonsense ever gets put into reality.

Those misguided economists you quote are out of touch with the transportation markets, which will remain over 99% fossil fuel going forward. Transportation is not even a zero-sum game, so even substantial growth percentages of EVs are consistent with a rapidly growing, as at present, fossil fuel vehicle stock.

Edited May 23, 2023 by Ecocharger

[TailingsPond + 1,013]

1 hour ago, Ecocharger said:

Your percentages are whacky, look at your base numbers. Just your usual nonsense meanderings.

The family auto would have to be sacrificed for most Americans if EVs are the only personal vehicles. That means YOU, buddy. You still rely on fossil fuel autos, so do not pretend that you will survive the proposed transportation holocaust unscathed.

A 34% increase in oil production is a huge volume and a giant leap forward. And now Biden & Co. are calling for a massive increase in oil production to maintain the family automobile, which tells you that there would be political disaster for Biden if the Green nonsense ever gets put into reality.

Those misguided economists you quote are out of touch with the transportation markets, which will remain over 99% fossil fuel going forward. Transportation is not even a zero-sum game, so even substantial growth percentages of EVs are consistent with a rapidly growing, as at present, fossil fuel vehicle stock.

Those quotes are from the article YOU posted.

[Ron Wagner + 714]

https://dailycaller.com/2023/05/23/congress-votes-to-repeal-bidens-climate-rule-targeting-trucks-heavy-vehicles/?utm_medium=push&utm_source=daily_caller&utm_campaign=push

 

Congress Votes To Repeal Biden’s Climate Rule Targeting Trucks, Heavy Vehicles

Screenshot/The Sun

ARJUN SINGHCONTRIBUTOR

May 23, 20235:05 PM ET

FONT SIZE:

 

The House of Representatives voted to overturn a new regulation by the Biden administration that would require trucking companies to comply with new climate regulations, sending the measure to President Joe Biden’s desk after the Senate passed it on April 26.

Senate Joint Resolution 11, which passed the Senate on April 26 by a narrow 50-49 vote, would repeal the “Heavy-Duty Engine and Vehicle Standards” issued by the Environmental Protection Agency in January of 2023. The standards – affecting trucks, trains, aircraft, diesel generators, industrial engines and gas companies – would require compliance with new test procedures, warranties and emission controls, which Republicans claim would harm businesses with unnecessary regulations. (RELATED: Senate Votes To Overturn Biden EPA Rule On Heavy-Duty Vehicle Emissions)

“[E]very American consumer will feel the effects of this rule and its price increases. Raising costs and driving truckers out of business isn’t just bad for the transportation sector — it would be devastating for an economy still reeling from the impacts of inflation. I encourage President Biden to reevaluate his misguided veto threat and sign this bipartisan bill into law.” — Republican Sen. Deb Fischer of Nebraska

The House passed the resolution by a vote of 221-203, with four Democrats joining Republicans. The bill, which passed the Senate during the medical absence of Democratic Sen. Dianne Feinstein of California and is not subject to a filibuster, will now be presented before President Biden, who will likely veto it — only the third veto of his presidency, with the preceding two also being vetoes of rule repeals.

 

The rule has been controversial for its left-wing provisions, including an “environmental justice” provision stating that the rule’s promulgation is, in part, because “people of color and people with low income are disproportionately exposed to elevated concentrations of many pollutants in close proximity to major roadways.” Additionally, it estimated that adhering to the standards would have cost between $2,568 and $8,304 per vehicle, with a total economic cost of $55 billion.

 

 

Opposition to the rule has been bipartisan, with Democratic Sen. Joe Manchin of West Virginia having voted in favor of repealing it in April. He said that “the Biden Administration wants to burden the trucking industry with oppressive regulations that will increase prices by thousands of dollars and push truck drivers and small trucking companies out of business,” per a statement on his website.

The repeal has been sponsored by Republican Sen. Deb Fischer of Nebraska, who has said the measure would “jack up vehicle costs and hurt good paying jobs…[when] the last thing this country needs is more expensive freight costs and fewer truckers,” per a statement before the Senate vote.

In the House, its passage was led by Republican Rep. Troy Nehls of Texas, who said that “The EPA’s final rule is yet another example of burdensome federal regulation and would unfairly target the trucking industry and pass costs for the American consumer and small businesses, all in the name of the Biden Administration’s woke climate change agenda,” in a statement to the DCNF.

The EPA has been contacted with a request for comment.

Edited May 23, 2023 by Ron Wagner

[Ecocharger + 1,486]

The oil industry is on a roll with the driving season now upon us.

Get out those beach outfits and get ready for the summer season.

https://oilprice.com/Latest-Energy-News/World-News/Crude-Prices-Rise-On-Surprise-Inventory-Draw.html

"The price of WTI and Brent were both trading up on Tuesday in the run-up to the data release.

By 3:11 p.m. EST, WTI was trading up $0.86 (+1.19%) on the day at $72.91 per barrel, and up more than $2 per barrel week over week. Brent crude was trading up $0.84 (+1.11%) on the day at $76.83—up roughly $2 per barrel from this time last week.

WTI was trading at $73.18 shortly after the data release.

Gasoline inventories fell by 6.398 million barrels after falling in the week prior by 2.46 million barrels. Distillate inventories fell by 1.771 million barrels after decreasing by 886,000 barrels in the week prior."

Edited May 23, 2023 by Ecocharger

[Ron Wagner + 714]

On 5/20/2023 at 8:02 AM, NickW said:

Not the ones where I live. I was out in a force 7 (thats what my windex at 35 ft was measuring) (32-34 mph and the turbines were full face into the wind and whizzing round. The wind speed at 200ft would have been much higher (not sure what the hub height is on those 3.6MW turbines)

These are the Gunfleet (see piccy from my yacht below)  and Thames Array offshore windfarms plus the adjacent onshore ones on the Dengie peninsula. 

Gunfleet Sands Offshore Wind Farm - Wikipedia

London Array - Wikipedia

How does that affect your sailing, if at all? 

 

[TailingsPond + 1,013]

5 minutes ago, Ecocharger said:

The oil industry is on a roll with the driving season now upon us.

Get out those beach outfits and get ready for the summer season.

https://oilprice.com/Latest-Energy-News/World-News/Crude-Prices-Rise-On-Surprise-Inventory-Draw.html

LOL

"U.S. crude oil production fell during the week ending May 12, staying at 12.2 million bpd. U.S. production is now 900,000 bpd lower than the peak production seen in March 2020."

A year ago oil was well over $100, what is it now?  Tell us again how losses are good...

Your investment portfolio must stink to high heaven.

Edited May 23, 2023 by TailingsPond

[Ecocharger + 1,486]

4 hours ago, TailingsPond said:

Those quotes are from the article YOU posted.

I do not necessarily agree with every statement in an article which I quote, as you should know. The percentages are a foolish way to evaluate the situation, as percentages depend on the size of the base number...tells us nothing about the larger picture.

[TailingsPond + 1,013]

3 minutes ago, Ron Wagner said:

How does that affect your sailing, if at all? 

 

It was an observation that the turbines do, in fact, spin during high winds.

[Ecocharger + 1,486]

7 minutes ago, TailingsPond said:

LOL

"U.S. crude oil production fell during the week ending May 12, staying at 12.2 million bpd. U.S. production is now 900,000 bpd lower than the peak production seen in March 2020."

A year ago oil was well over $100, what is it now?  Tell us again how loses are good...

Your investment portfolio must stink to high heaven.

What? The oil and gasoline industries are posting fine profits, what planet do you live on?

https://www.reuters.com/business/energy/oil-gas-industry-earned-4-trillion-last-year-says-iea-chief-2023-02-14/

Edited May 23, 2023 by Ecocharger

[Ecocharger + 1,486]

2 minutes ago, TailingsPond said:

It was an observation that the turbines do, in fact, spin during high winds.

Which is another way of saying that as a source of energy, wind power is IRREGULAR and MUST BE STORED SOMEHOW!

In other words, we will continue to be reliant on fossil fuel sources of energy.

THANK YOU for another brilliant observation!

[TailingsPond + 1,013]

4 minutes ago, Ecocharger said:

What? The oil and gasoline industries are posting fine profits, what planet do you live on?

They can make money but continually falling production shows they are not a growth industry anymore.

Both production and price are falling. Normally decreased supply rallies prices.

Edited May 23, 2023 by TailingsPond

[Ecocharger + 1,486]

3 minutes ago, TailingsPond said:

They can make money but continually falling production shows they are not a growth industry anymore.

Both production and price are falling. Normally decreased supply rallies prices.

What quackery are you uttering today, my fine feathered friend?

Read and LEARN something for a change.

https://www.reuters.com/business/energy/oil-gas-industry-earned-4-trillion-last-year-says-iea-chief-2023-02-14/

"The global oil and gas industry's profits in 2022 jumped to some $4 trillion from an average of $1.5 trillion in recent years, the head of the International Energy Agency (IEA), Fatih Birol, said on Tuesday."

Edited May 23, 2023 by Ecocharger

[TailingsPond + 1,013]

3 minutes ago, Ecocharger said:

wind power is IRREGULAR and MUST BE STORED SOMEHOW!

 

Nobody is disregarding that.   We will store it in the millions of EV's!

[Ecocharger + 1,486]

1 minute ago, TailingsPond said:

Nobody is disregarding that.   We will store it in the millions of EV's!

More garbage nonsense.....the cost would be prohibitive beyond belief.

Dreamers are the first victims of their own dreams.

[TailingsPond + 1,013]

1 minute ago, Ecocharger said:

What quackery are you uttering today, my fine feathered friend?

Read and LEARN something for a change.

https://www.reuters.com/business/energy/oil-gas-industry-earned-4-trillion-last-year-says-iea-chief-2023-02-14/

Read it for yourself...  you keep posting articles running against your point.  You don't get to cherry pick one favourable data point.

"Despite those profits, countries depending on oil and gas revenue should prepare to reduce their reliance on petroleum as demand is going to fall in the longer term, Birol told a conference in Oslo while speaking via video link."

[Ecocharger + 1,486]

1 minute ago, TailingsPond said:

Read it for yourself...  you keep posting articles running against your point.  You don't get to cherry pick one favourable data point.

"Despite those profits, countries depending on oil and gas revenue should prepare to reduce their reliance on petroleum as demand is going to fall in the longer term, Birol told a conference in Oslo while speaking via video link."

One man's opinion, which is off topic to your raving. Which was about INDUSTRY PROFITS, which you need to be reminded of.

You just got exposed, buddy.

Edited May 23, 2023 by Ecocharger

[TailingsPond + 1,013]

2 minutes ago, Ecocharger said:

One man's opinion, which is off topic to your raving. Which was about INDUSTRY PROFITS, which you need to be reminded of.

You just got exposed, buddy.

Like your opinion?  He is head of the IEA, his opinion has just a bit more clout that yours.

 

Edited May 23, 2023 by TailingsPond

[Ecocharger + 1,486]

1 minute ago, TailingsPond said:

Like your opinion?

 

Industry profits are not an opinion but a fact. Read again,

"The global oil and gas industry's profits in 2022 jumped to some $4 trillion from an average of $1.5 trillion in recent years, the head of the International Energy Agency (IEA), Fatih Birol, said on Tuesday."

[TailingsPond + 1,013]

3 minutes ago, Ecocharger said:

Industry profits are not an opinion but a fact. Read again,

"The global oil and gas industry's profits in 2022 jumped to some $4 trillion from an average of $1.5 trillion in recent years, the head of the International Energy Agency (IEA), Fatih Birol, said on Tuesday."

That's because "recent years" have been shit.

The price was negative not to long ago.

Edited May 23, 2023 by TailingsPond

[Old-Ruffneck + 1,257]

Imagine that!! 

[TailingsPond + 1,013]

3 minutes ago, Old-Ruffneck said:

Imagine that!! 

Acid rain was stopped with catalytic converters.

Ozone layer was fixed by banning CFC's.

If anything this is proof that taking action can work.

[Eyes Wide Open + 3,555]

35 minutes ago, TailingsPond said:

Acid rain was stopped with catalytic converters.

Ozone layer was fixed by banning CFC's.

If anything this is proof that taking action can work.

Acid rain was stopped due to gas reformulation..Sulphur became almost extinct.

Edited May 24, 2023 by Eyes Wide Open

[TailingsPond + 1,013]

6 minutes ago, Eyes Wide Open said:

Acid rain was stopped due to gas reformulation..Sulphur became almost extinct.

There were still nitric oxides to deal with.

[Ecocharger + 1,486]

2 hours ago, TailingsPond said:

Acid rain was stopped with catalytic converters.

Ozone layer was fixed by banning CFC's.

If anything this is proof that taking action can work.

Action on what? Earth temperature? Those fallacies have already been exploded.

Only the scientifically challenged still believe in those tooth fairies.

Edited May 24, 2023 by Ecocharger

[TailingsPond + 1,013]

4 hours ago, Eyes Wide Open said:

Acid rain was stopped due to gas reformulation..Sulphur became almost extinct.

Ask yourself why the gas was reformulated.

The answer is regulations.  So it is still an example of people taking action to solve a problem. Industry does near nothing voluntarily.