GREEN NEW DEAL = BLIZZARD OF LIES

[notsonice + 1,266]

On 12/14/2024 at 1:59 AM, Ecocharger said:

California is having serious trouble with its attempt to force EV consumption onto a reluctant population.

It's over and done.

https://www.latimes.com/environment/story/2024-12-11/why-newsoms-electric-vehicle-mandate-is-in-trouble

"EV sales have stalled, clouding California's ambitious plans for all new cars sold in California to be zero-emission vehicles by 2035.

President-elect Donald Trump's plans to eliminate EV tax credits and slap tariffs on imports  could further weaken the EV market."

" Sales growth has stalled as potential buyers balk at high sticker prices and unreliable public charging. "

" The first big test for the governor's edict comes next year, when 35% of new vehicles sold must be zero-emission, up from 26.4% now. To hit that mark, EV sales would have to skyrocket 33%."

““I have not seen a forecast by anyone that that number is achievable,” Toyota North America Chief Operating Officer Jack Hollis said on a conference call with reporters last month. “Demand is not there.”

" Tesla deliveries are below expectations, Volvo has moved back its 2030 100% EV timeline, General Motors abandoned its 1-million-vehicle 2025 sales goal, and Ford has shifted some EV production back to internal combustion vehicles, the note reported.

Meanwhile, EV startups are struggling. California-based Fisker declared bankruptcy, while luxury EV makers Rivian and Lucid, whose vehicles draw rave reviews from the automotive media, have seen shares drop precipitously this year as the companies fall short of sales goals."

 

It's over and done.???? 

now back to reality.......looks like clunkers are losing the battle.........clunkers market share is now under 80 percent.......

 

enjoy the read and please check out the graph below.......Merry Xmas ....my gift to you

https://www.eia.gov/todayinenergy/detail.php?id=63904#:~:text=BEV sales continue to increase,market in 3Q24%2C a record.

 

next up Plug in hybrids will take a 10 percent market share away from the clunker world in 2025

the trend is not your freind.......

and where is your boss????? trying to buy Greenland????? Second try ????? oh my he has lost his way

BEV sales continue to increase, with the share growing from 7.4% of the U.S. LDV market in 2Q24 to 8.9% in 3Q24. The share of hybrid vehicle sales also increased, with hybrid vehicles making up 10.6% of the U.S. LDV market in 3Q24, a record.Dec 4, 2024

 

U.S. share of electric and hybrid vehicle sales reached a ... - EIA

 IN-BRIEF ANALYSIS

DEC 4, 2024

U.S. share of electric and hybrid vehicle sales reached a record in the third quarter

This TIE has been updated to reflect a data correction.

Data source: Wards Intelligence
Note: EV=electric vehicles, including both battery electric and plug-in hybrid electric vehicles

---

The share of electric and hybrid vehicle sales in the United States increased again in the third quarter of 2024 (3Q24), reaching a record. Combined sales of hybrid vehicles, plug-in hybrid electric vehicles, and battery electric vehicles (BEVs) increased from 19.1% of total new light-duty vehicle (LDV) sales in the United States in 2Q24 to 21.2% in 3Q24, according to estimates from Wards Intelligence.

READ MORE ›

 

Edited Thursday at 03:29 AM by notsonice

[turbguy + 1,556]

11 hours ago, TailingsPond said:

I agree some fossil fuels may still be needed but not coal.  Coal power plants can be retrofitted to natural gas and there is plenty of gas.

Never say something "cannot" be done - it is just a matter of will.

You also fail to understand that you do not need to satisfy demand.  Sometimes the crying toddler shouldn't get anymore ice cream.

I agree that nat gas can fuel a boiler.  If you don't have the pipeline available, and also need to spend millions to retrofit/modify the boiler system, coal still remains attractive.  Plus, you can store quite a lot of it on site.

Note that I said WORLD demand.  Replacing all the coal BTU's with nat gas BTU's is gonna require a whole lotta nat gas.

It can be done, but certainly not overnight. A decade or two?  Sure!

Crying toddlers are the customer.  Who's gonna tell the customer to stop bawling? 

As I have said, electric power is HIGHLY addictive.

[TailingsPond + 1,013]

12 minutes ago, turbguy said:

Crying toddlers are the customer.  Who's gonna tell the customer to stop bawling? 

As I have said, electric power is HIGHLY addictive.

The government / energy regulators.

I'm not suggesting limiting energy use by the average consumer.  I just think if some AI data centre, Bitcoin mine or some other blockchain crap like NFTs is causing brownouts they could be curtailed instead of saying we "need' way more power.

Edited Thursday at 05:56 AM by TailingsPond

[turbguy + 1,556]

9 hours ago, TailingsPond said:

The government / energy regulators.

That only seems to have an effect on the customer if there is an ongoing war, started by the enemy.

There's money to be made supplying those potentially "non-critical" loads.  LOTS of it!!

Large load customers already commonly agree to be an interruptible load, for a reduction in cost.

Edited Thursday at 02:58 PM by turbguy

[TailingsPond + 1,013]

2 hours ago, turbguy said:

That only seems to have an effect on the customer if there is an ongoing war, started by the enemy.

There's money to be made supplying those potentially "non-critical" loads.  LOTS of it!!

Large load customers already commonly agree to be an interruptible load, for a reduction in cost.

Lots of money, true.

The other option is to just tax the crap out of it.  You will find people "need" a lot less electricity if it becomes expensive.  The US is going to "need" a heck of a lot less stuff soon if the stupid tariffs arrive.

A friend of mine had a rather large Bitcoin mine, it was profitable for a while then the power rate went up - he did the math and turned off the mine as it was no longer profitable.  So you can reduce consumption using "sin taxes" like they do for other "addictive" products like alcohol and tobacco (in most places). 

 

[Old-Ruffneck + 1,257]

On 12/25/2024 at 11:49 AM, TailingsPond said:

I agree some fossil fuels may still be needed but not coal.  Coal power plants can be retrofitted to natural gas and there is plenty of gas.

Never say something "cannot" be done - it is just a matter of will.

You also fail to understand that you do not need to satisfy demand.  Sometimes the crying toddler shouldn't get anymore ice cream.

India Adds 4GW of New Coal Power Capacity in 2024 | OilPrice.com

Try and explain to India that coal is "bad" and since no natural gas in pipelines or LNG is viable at the prices. Live with it.

India Takes the Lead in Oil Demand Growth | OilPrice.com

And even more crude!!! They have no natural resources so, they are guaranteeing they're future ahead of time. Population growth demands more and more energy!

Edited Thursday at 06:37 PM by Old-Ruffneck
add

[turbguy + 1,556]

6 hours ago, TailingsPond said:

A friend of mine had a rather large Bitcoin mine, it was profitable for a while then the power rate went up - he did the math and turned off the mine as it was no longer profitable.  So you can reduce consumption using "sin taxes" like they do for other "addictive" products like alcohol and tobacco (in most places).

So, the market rate went up. Not "taxes"?

Your friend should negotiate for lower rates with the supplier (if possible).  Like time-of day or interruptible rates.

(Unless he is too small a user to bother with).

A new tax imposition upon a necessity isn't going to be very popular with the voters (aka, toddlers).

Edited Thursday at 11:49 PM by turbguy

[Ecocharger + 1,486]

Oil production has zoomed up to all-time highs, bolstered by growing demand for fossil fuels.

https://oilprice.com/Energy/Crude-Oil/US-Oil-Production-Shattered-Records-Again-in-2024.html

"In 2023, U.S. oil production reached a record high, surpassing 12.9 million barrels per day, solidifying the country’s position as the world’s top oil producer."

"According to preliminary data from the U.S. Energy Information Administration (EIA), production had averaged 13.249 million BPD year-to-date through December 13, 2024. Cumulative production for the year is estimated at 4.611 billion barrels by that date—just 110 million barrels shy of the previous annual record."

[TailingsPond + 1,013]

5 hours ago, turbguy said:

So, the market rate went up. Not "taxes"?

Your friend should negotiate for lower rates with the supplier (if possible).  Like time-of day or interruptible rates.

(Unless he is too small a user to bother with).

A new tax imposition upon a necessity isn't going to be very popular with the voters (aka, toddlers).

We do have carbon taxes.

He sold all the equipment, Bitcoin consistently becomes harder to mine so he would have had to upgrade the GPUs which would take even more power.  His mine was large by amateur standards, like 20,000W of GPUs in racks plus HVAC.

 

[TailingsPond + 1,013]

53 minutes ago, Ecocharger said:

Oil production has zoomed up to all-time highs, bolstered by growing demand for fossil fuels.

https://oilprice.com/Energy/Crude-Oil/US-Oil-Production-Shattered-Records-Again-in-2024.html

"In 2023, U.S. oil production reached a record high, surpassing 12.9 million barrels per day, solidifying the country’s position as the world’s top oil producer."

"According to preliminary data from the U.S. Energy Information Administration (EIA), production had averaged 13.249 million BPD year-to-date through December 13, 2024. Cumulative production for the year is estimated at 4.611 billion barrels by that date—just 110 million barrels shy of the previous annual record."

US production does not reflect global demand, nice try. OPEC+ production cuts are ongoing.

[specinho + 475]

On 12/27/2024 at 1:45 AM, TailingsPond said:

Lots of money, true.

The other option is to just tax the crap out of it.  You will find people "need" a lot less electricity if it becomes expensive.  The US is going to "need" a heck of a lot less stuff soon if the stupid tariffs arrive.

A friend of mine had a rather large Bitcoin mine, it was profitable for a while then the power rate went up - he did the math and turned off the mine as it was no longer profitable.  So you can reduce consumption using "sin taxes" like they do for other "addictive" products like alcohol and tobacco (in most places). 

 

The government of a small country just decided to raise charge of electricity by ~ 15%. But spend nearly a trillion on non productive expenditure. For a government owned company, this should not happen.

Never hear they need extra money for maintenance. Never hear they need extra money for new construction. There were a few black outs due to new development projects which later found stalled in sales and low in usage. These add on projects usually cause damage to nearby structure nowadays ( too closely build) e.g. crack on city LRT tracks and pillars, sink holes in the city, flash flood due to overcapacity of drainage system or blockages etc. In addition, government always lost money to stupid contract signed e.g.

a) road toll must be allowed to increase every year or so. If not, government will compensate the company at such rate;

b) government will compensate billions or trillions shall project is cancelled (they did, with a rail project. Nothing built, but lost billions or trillions already by changing mind)...

Therefore, transferring the cost to end consumers, especially general public is unfair and should not be done.

Government should take up the responsibility for such projects government chose to approve; their lack of ability, knowledge and skill to appraise the possible impact prior to approval; lack of ability to do a proper budget; failure to administer transparently and efficiently etc. Or, for the least, the tariff hike should affect only new registration of housing estates, industries, projects, bitcoin mining and such.

End users must not always be the victims of cost hike incurred by imbecile government that owns everything in the country around here. Government must absorb the costs increment caused by their own decision which proven a wrong one or a failure.

In addition, they have already changed old meter to new. This change increases the average cost of electricity for 2 outside of the city from 30 bucks to ~ 180 bucks. Hope they will tell us they do not know about this, will investigate if the new meters are faulty and give us a satisfactory meter repair and bill adjustment.

 

Edited yesterday at 05:26 AM by specinho

[turbguy + 1,556]

10 hours ago, TailingsPond said:

We do have carbon taxes.

How did your toddlers respond to the carbon tax upon imposition?

Edited Friday at 03:16 PM by turbguy

[TailingsPond + 1,013]

5 hours ago, turbguy said:

How did your toddlers respond to the carbon tax upon imposition?

Constant crying, the responsible adults ignore them.  

Many people get carbon tax rebates.  That of course make the rich babies who don't get rebates cry even louder.  "It's just a wealth transfer!" 

[Ecocharger + 1,486]

Demand for oil is ramping up and oil prices are rising.

https://oilprice.com/Energy/Energy-General/Oil-Prices-Rise-on-China-Stimulus-and-Falling-US-Inventories.html

"Oil prices are on track to post a weekly gain on the back of China's economic stimulus and forecasts of lower U.S. crude inventories."

 

"Oil prices were rising toward the end of the week, with WTI breaking back above $70 and Brent trading at $73.72. Optimism surrounding China's economic growth after Beijing agreed to issue special treasury bonds worth roughly $411 billion helped to spark bullish sentiment in markets this week. Prices then rose even further on expectations of a crude draw in the U.S...."

[TailingsPond + 1,013]

37 minutes ago, Ecocharger said:

Demand for oil is ramping up and oil prices are rising.

"Oil prices were rising toward the end of the week, with WTI breaking back above $70 and Brent trading at $73.72. Optimism surrounding China's economic growth after Beijing agreed to issue special treasury bonds worth roughly $411 billion helped to spark bullish sentiment in markets this week. Prices then rose even further on expectations of a crude draw in the U.S...."

Check the current price. $70.24.  Hint that is the price falling from the temporary bump to $73.

Do not get too excited about day to day bumps that are just based on recent events..  Look at longer term trends.

Look at WTI one year ago, it was over $72 so you have year over year losses.  Combine data that with inflation there is no argument that oil value is dropping.  It is at best stagnant - not a good investment.

You can argue against reality all you want but I have actual numbers on my side.  Down is not up.

 

 

 

 

 

Edited Friday at 10:20 PM by TailingsPond

[turbguy + 1,556]

3 hours ago, TailingsPond said:

Constant crying, the responsible adults ignore them.  

Many people get carbon tax rebates.  That of course make the rich babies who don't get rebates cry even louder.  "It's just a wealth transfer!" 

Why didn't the bitcoin miner get a rebate?

[TailingsPond + 1,013]

28 minutes ago, turbguy said:

Why didn't the bitcoin miner get a rebate?

He probably did, but you only get the rebate on a portion of the tax not the cost of the electricity.

For the most part the problem was that the amount of energy need for every additional bitcoin increases.  He also was getting tired of the noise and cooling issues.  To run the thing in summer you need AC or expensive water cooling.  He ran large noisy exhaust fans instead and it started to be annoying to his family and noticeable to people walking by his backyard (it was in a detached garage). 

He made good money farming the early coins. 

[TailingsPond + 1,013]

21 hours ago, Ecocharger said:

Demand for oil is ramping up and oil prices are rising.

 

Funny how the industry is shrinking.  If the producers were confident in growing oil demand they would have increased well count over the last year instead of decreased.

https://oilprice.com/Energy/Energy-General/US-Oil-Gas-Drillers-Hold-The-Line-During-Holiday-Week.html

"The total rig count remained flat at 589 total rigs, according to Baker Hughes, down 33 from this same time last year.

The number of oil rigs held fast at 483—down by 17 compared to this time last year. The number of gas rigs also stayed the same, at 102, a loss of 18 active gas rigs from this time last year."

Getting more from fewer wells is coming to an end.

https://oilprice.com/Energy/Crude-Oil/The-American-Shale-Patch-Is-All-About-Depletion-Now.html

 

Edited 20 hours ago by TailingsPond