GREEN NEW DEAL = BLIZZARD OF LIES

[Jay McKinsey + 1,490]

2 hours ago, turbguy said:

That said, ERCOT does NOT service 100% of Texas within state lines, but only a majority of it.

Good point. So over half of their interconnection capacity is inside the state of Texas at DC East:

Edited July 5, 2023 by Jay McKinsey

[Ecocharger + 1,474]

3 hours ago, Jay McKinsey said:

Yep, basically nothing. Technically a little over 1% of peak demand. But they do their best to keep it well below that.

As I post this they are importing 124 MW.

 

But the capability is there to import when needed.

Jay, it is like saying that four firms hold most of the market and therefore there is a monopoly....but you have to consider the degree of ease of entry into the market to establish how potent that monopoly is.

Again, you are into blinkered tunnel-vision thinking.

Edited July 5, 2023 by Ecocharger

[Ecocharger + 1,474]

Even in Britain, sales of fossil fuel vehicles dominate the market. Over 82% is fossil fuel, compared to 87% fossil fuel in Europe as a whole.

https://media.smmt.co.uk/june-2023-new-car-registrations/

"Deliveries of petrol cars increased 22.7%, to remain the most popular powertrain, while those of hybrids (HEVs) and plug-in hybrids (PHEVs) also rose, by 40.1% and 65.5% respectively. "

Edited July 5, 2023 by Ecocharger

[Eyes Wide Open + 3,555]

 

Report: GM Can’t Deliver Its 2 New EVs

Both the Cadillac Lyriq EV SUV and GMC Hummer have massive orders, yet both have been unable to produce more than just a very small quantity of deliveries. Here's what's going on.

 

Let’s start with the newest addition to GM’s EV, the Cadillac Lyriq. Both GM Authority and Cadillac Society claim Cadillac made over 8,000 Lyriqs last year, but shipped only 122. Cadillac’s reason is for “quality holds.” This, after some that were the first to order a Lyriq in September 2021 has already waited 15 months with nothing. From January through April 2023, registrations for the Lyriq stand at only 1,383.

 

A Blizzard Of Lies..

 

 

https://www.motorbiscuit.com/report-gm-cant-deliver-new-evs/

Edited July 5, 2023 by Eyes Wide Open

[Ecocharger + 1,474]

5 minutes ago, Eyes Wide Open said:

 

 

 

 

https://www.motorbiscuit.com/report-gm-cant-deliver-new-evs/

Even those EVs which are produced end up sitting around on the sales lot begging for customers...looks like the market for EVs is saturated.

Edited July 5, 2023 by Ecocharger

[Eyes Wide Open + 3,555]

3 minutes ago, Ecocharger said:

Even those EVs which are produced end up sitting around on the sales lot begging for customers...looks like the market for EVs is saturated.

 

EV sales collapse as subsidies and tax credits come to an abrupt halt

Germany have seen a steep falloff in sales and market share. Sales in Germany dropped about a third in January compared to 2022, totaling only 27,000 for the month. Market share in the country also fell off a cliff – after EVs accounted for 55% of all car sales in December 2022, the market share fell to just 15%. Elsewhere in Europe, the EV market share in the UK halved from about 40% to 20% month-to-month and from 50% to 24% in the Netherlands. This downward trend is replicated across much of Europe and will be giving automakers sleepless nights.

https://www.rystadenergy.com/news/ev-sales-collapse-as-subsidies-and-tax-credits-come-to-an-abrupt-halt

Edited July 5, 2023 by Eyes Wide Open

[Ecocharger + 1,474]

7 minutes ago, Eyes Wide Open said:

 

EV sales collapse as subsidies and tax credits come to an abrupt halt

https://www.rystadenergy.com/news/ev-sales-collapse-as-subsidies-and-tax-credits-come-to-an-abrupt-halt

Here is what is happening on the EV sales lots.

"Cox Automotive is estimating that days of supply for EVs is at 92 days, up from 36 days a year ago and well above the industry-wide average of 51."

https://www.coxautoinc.com/news/cox-automotive-forecast-june-2023-u-s-auto-sales-forecast/

Edited July 5, 2023 by Ecocharger

[Eyes Wide Open + 3,555]

4 minutes ago, Ecocharger said:

Here is what is happening on the EV sales lots.

"Cox Automotive is estimating that days of supply for EVs is at 92 days, up from 36 days a year ago and well above the industry-wide average of 51."

 

https://evreporter.com/indias-electric-2w-decline-57-m-o-m-after-subsidy-reduction/

 

Edited July 5, 2023 by Eyes Wide Open

[Ecocharger + 1,474]

26 minutes ago, Eyes Wide Open said:

 

https://evreporter.com/indias-electric-2w-decline-57-m-o-m-after-subsidy-reduction/

 

That's right, you have to pay people to buy these EV things, they are so inconvenient to operate.

Edited July 5, 2023 by Ecocharger

[Jay McKinsey + 1,490]

2 hours ago, Ecocharger said:

But the capability is there to import when needed.

Jay, it is like saying that four firms hold most of the market and therefore there is a monopoly....but you have to consider the degree of ease of entry into the market to establish how potent that monopoly is.

Again, you are into blinkered tunnel-vision thinking.

The amount they can import is miniscule and irrelevant to anything.

4 firms would be an oligopoly not a monopoly as every economist knows.

Ease of entry into a market has no bearing on whether it is a zero sum game. For the umpteenth time, a zero sum game is where if someone wins then someone else loses which is exactly how the electricity market works.

Edited July 5, 2023 by Jay McKinsey

[Ecocharger + 1,474]

7 hours ago, Jay McKinsey said:

The amount they can import is miniscule and irrelevant to anything.

4 firms would be an oligopoly not a monopoly as every economist knows.

Ease of entry into a market has no bearing on whether it is a zero sum game. For the umpteenth time, a zero sum game is where if someone wins then someone else loses which is exactly how the electricity market works.

Wrong, the amount of electricity obtained from wind and solar is not a constant but varies with weather conditions. Other sources of electricity generation have to pick up the slack when renewables fail. Not a zero sum, but a variable supply model. Amounts o f electricity imported can also vary acording to the changes in state production levels.

Your urge to simplify beyond reason takes you to realms of whimsy.

Edited July 6, 2023 by Ecocharger

[Ecocharger + 1,474]

This is how important inventory data are, whether it is in the oil markets or in the EV markets, excessive inventories in EVs at the present indicate a saturated EV market. Inventory declines in the oil market indicate growing demand for fossil fuels.

https://oilprice.com/Latest-Energy-News/World-News/WTI-Spikes-As-Crude-Inventories-Fall.html

"Crude oil inventories in the United States decreased this week by 4.382 million barrels, the American Petroleum Institute (API) data showed on Wednesday, after falling by 2.408 million barrels in the week prior as the IEA eyes a supply deficit in this half of the year.

Analysts were expecting a smaller 1.8-million-barrel draw in U.S. crude-oil inventories."

On the other hand,

"Cox Automotive is estimating that days of supply for EVs is at 92 days, up from 36 days a year ago and well above the industry-wide average of 51."

https://www.coxautoinc.com/news/cox-automotive-forecast-june-2023-u-s-auto-sales-forecast/

Edited July 6, 2023 by Ecocharger

[Ecocharger + 1,474]

7 hours ago, Jay McKinsey said:

The amount they can import is miniscule and irrelevant to anything.

4 firms would be an oligopoly not a monopoly as every economist knows.

Ease of entry into a market has no bearing on whether it is a zero sum game. For the umpteenth time, a zero sum game is where if someone wins then someone else loses which is exactly how the electricity market works.

You seem to be unaware of the language used in Industrial Organization...did you skip those courses, too, Jay?

The term "monopoly power" is used to apply to market analysis regardless of the number of firms in the market.

The Lerner Index is the standard measure of the degree of monopoly power,

https://www.wallstreetmojo.com/lerner-index/

"The Lerner index is an economics measure to gauge monopoly. It determines the relationship between a commodity’s selling price and marginal cost of production. It is denoted by ‘L.’ When ‘L = 0’, it signifies perfect competition; similarly when ‘L = 1,’ it indicates a pure monopoly."

Edited July 6, 2023 by Ecocharger

[Jay McKinsey + 1,490]

5 minutes ago, Ecocharger said:

Wrong, the amount of electricity obtained from wind and solar is not a constant but varies with weather conditions. Other sources of electricity generation have to pick up the slack when renewables fail. Not a zero sum, but a variable supply model. Amounts o f electricity imported can also vary acording to the changes in state production levels.

Your urge to simplify beyond reason takes you to realms of whimsy.

And it is still a zero sum market by definition. If only you knew anything about economics or the electricity market. All sales of electricity are futures or options. 

What Is a Zero-Sum Game?

Zero-sum is a situation, often cited in game theory, in which one person’s gain is equivalent to another’s loss, so the net change in wealth or benefit is zero. A zero-sum game may have as few as two players or as many as millions of participants.

 

In financial markets, options and futures are examples of zero-sum games, excluding transaction costs. For every person who gains on a contract, there is a counter-party who loses.

https://www.investopedia.com/terms/z/zero-sumgame.asp

 

 

[Jay McKinsey + 1,490]

1 hour ago, Ecocharger said:

You seem to be unaware of the language used in Industrial Organization...did you skip those courses, too, Jay?

The term "monopoly power" is used to apply to market analysis regardless of the number of firms in the market.

The Lerner Index is the standard measure of the degree of monopoly power,

https://www.wallstreetmojo.com/lerner-index/

"The Lerner index is an economics measure to gauge monopoly. It determines the relationship between a commodity’s selling price and marginal cost of production. It is denoted by ‘L.’ When ‘L = 0’, it signifies perfect competition; similarly when ‘L = 1,’ it indicates a pure monopoly."

In a pure monopoly, only one company exists, and it determines all terms, conditions, rules, and pricing. It develops when a single company dominates a product's market.

 

From wallstreetmojo the same site you quoted: Pure Monopoly - Definition, Characteristics, Graph, Examples

_________________________________________________________________________________

 

What Makes a Market an Oligopoly? | St. Louis Fed

 

Federal Reserve Bank of St. Louis

https://www.stlouisfed.org › Open Vault Blog

 

May 17, 2023 — A market in which a few large firms dominate.

___________________________________________________________________________________

 

A monopoly occurs when a single company that produces a product or service controls the market with no close substitute. In an oligopoly, two or more companies control the market, none of which can keep the others from having significant influence.

 

The Difference Between Monopoly vs. Oligopoly - Investopedia

 

Edited July 6, 2023 by Jay McKinsey

[NWMan + 89]

22 hours ago, Jay McKinsey said:

Have you tried this obscure website called google?

Here is the average Earth temp: http://www.columbia.edu/~mhs119/Temperature/

The website with all its maps and graphs and tables does not mention the average temperature of the earth today.  Everything is about temperature anomaly!

[Jay McKinsey + 1,490]

10 minutes ago, NWMan said:

The website with all its maps and graphs and tables does not mention the average temperature of the earth today.  Everything is about temperature anomaly!

So they update once a month:

Figures in PDF. last modified 2023/06/14,

The end of the blue line is from 2023/06/14

This is from the very top of the page.

 

Edited July 6, 2023 by Jay McKinsey

[NWMan + 89]

6 minutes ago, Jay McKinsey said:

So they update once a month:

Figures in PDF. last modified 2023/06/14,

The end of the blue line is from 2023/06/14

 

Hi thanks for the pdf.  This is a very famous graph.  It plots what its called annual mean.  but it is the annual mean of the temperature anomaly which has a zero value in 1880.  There are no actual temperatures just changes in temperature.  I am not criticizing but I just cant find the number, It must be something like 18 degrees c as an average.

 

[Jay McKinsey + 1,490]

Just now, NWMan said:

Hi thanks for the pdf.  This is a very famous graph.  It plots what its called annual mean.  but it is the annual mean of the temperature anomaly which has a zero value in 1880.  There are no actual temperatures just changes in temperature.  I am not criticizing but I just cant find the number, It must be something like 18 degrees c as an average.

 

This week saw the hottest global temperature ever recorded, according to data from the US National Centers for Environmental Prediction.

On Monday, the average global temperature reached 17.01 degrees Celsius (62.62 Fahrenheit), the highest since records began. On Tuesday, it climbed even further, to reach 17.18 degrees Celsius -- 62.9 Fahrenheit. The previous record of 16.92 degrees Celsius was set in August 2016.

https://abc7ny.com/hottest-day-earth-global-warming-air-temperature/13461420/

[NWMan + 89]

1 hour ago, Jay McKinsey said:

This week saw the hottest global temperature ever recorded, according to data from the US National Centers for Environmental Prediction.

On Monday, the average global temperature reached 17.01 degrees Celsius (62.62 Fahrenheit), the highest since records began. On Tuesday, it climbed even further, to reach 17.18 degrees Celsius -- 62.9 Fahrenheit. The previous record of 16.92 degrees Celsius was set in August 2016.

https://abc7ny.com/hottest-day-earth-global-warming-air-temperature/13461420/

thanks

[turbguy + 1,544]

1 hour ago, NWMan said:

Hi thanks for the pdf.  This is a very famous graph.  It plots what its called annual mean.  but it is the annual mean of the temperature anomaly which has a zero value in 1880.  There are no actual temperatures just changes in temperature.  I am not criticizing but I just cant find the number, It must be something like 18 degrees c as an average.

 

Something that is even more important, water vapor content.

If air temperature increases by 1 degree Celsius, the atmosphere can hold about 7% more water vapor. This means that for every cubic meter of air, there will be about 0.4 grams more water vapor present.

For example, if the air temperature is 20 degrees Celsius, it can hold about 17.3 grams of water vapor per cubic meter. If the temperature increases by 1 degree Celsius, the air can hold about 18.0 grams of water vapor per cubic meter.

This increase in the amount of water vapor that can be held in the atmosphere is one of the reasons why climate change is causing more extreme weather events, such as floods and droughts.

The climate is a chaotic system, but this variable is particularly important.   If the atmosphere holds more moisture, it deposits more moisture upon condensation.

Edited July 6, 2023 by turbguy

[Eyes Wide Open + 3,555]

1 hour ago, Jay McKinsey said:

This week saw the hottest global temperature ever recorded, according to data from the US National Centers for Environmental Prediction.

On Monday, the average global temperature reached 17.01 degrees Celsius (62.62 Fahrenheit), the highest since records began. On Tuesday, it climbed even further, to reach 17.18 degrees Celsius -- 62.9 Fahrenheit. The previous record of 16.92 degrees Celsius was set in August 2016.

https://abc7ny.com/hottest-day-earth-global-warming-air-temperature/13461420/

The Dogma runs quite deep in you does it not? I suspect you are in deep need of therapeutic intervention.

https://tech.hindustantimes.com/tech/news/solar-storms-have-heated-up-the-thermosphere-satellites-in-danger-now-71685768199184.html

 

 

Edited July 6, 2023 by Eyes Wide Open

[Jay McKinsey + 1,490]

13 minutes ago, Eyes Wide Open said:

The Dogma runs quite deep in you does it not? I suspect you are in deep need of therapeutic intervention.

https://tech.hindustantimes.com/tech/news/solar-storms-have-heated-up-the-thermosphere-satellites-in-danger-now-71685768199184.html

 

 

 

All that excess CO2 sure does capture the Sun's heat. Once we get it back to normal this won't be such a problem. But what about Eco? he's been telling us for years that the Sun was entering a cooling phase and everything was about to get cold.

[Ecocharger + 1,474]

2 hours ago, Jay McKinsey said:

And it is still a zero sum market by definition. If only you knew anything about economics or the electricity market. All sales of electricity are futures or options. 

What Is a Zero-Sum Game?

Zero-sum is a situation, often cited in game theory, in which one person’s gain is equivalent to another’s loss, so the net change in wealth or benefit is zero. A zero-sum game may have as few as two players or as many as millions of participants.

 

In financial markets, options and futures are examples of zero-sum games, excluding transaction costs. For every person who gains on a contract, there is a counter-party who loses.

https://www.investopedia.com/terms/z/zero-sumgame.asp

 

 

No, it is not a zero sum by definition, only by your own personal definition, Jay.

But you don't get to define it, old boy.

Zero-sum is for a fixed quantity not a dynamic context.

[Ecocharger + 1,474]

2 hours ago, Jay McKinsey said:

In a pure monopoly, only one company exists, and it determines all terms, conditions, rules, and pricing. It develops when a single company dominates a product's market.

 

From wallstreetmojo the same site you quoted: Pure Monopoly - Definition, Characteristics, Graph, Examples

_________________________________________________________________________________

 

What Makes a Market an Oligopoly? | St. Louis Fed

 

Federal Reserve Bank of St. Louis

https://www.stlouisfed.org › Open Vault Blog

 

May 17, 2023 — A market in which a few large firms dominate.

___________________________________________________________________________________

 

A monopoly occurs when a single company that produces a product or service controls the market with no close substitute. In an oligopoly, two or more companies control the market, none of which can keep the others from having significant influence.

 

The Difference Between Monopoly vs. Oligopoly - Investopedia

 

Again you managed to miss the point. Those in economics do not refer to the degree of "oligarchy" of a market, but rather the degree of monopoly power of a market. That is the professional language, which I guess you missed in your studies.

You avoided Industrial Organization courses, right?

Edited July 6, 2023 by Ecocharger