GREEN NEW DEAL = BLIZZARD OF LIES

[Rob Plant + 2,756]

On 12/9/2023 at 5:16 AM, Ecocharger said:

Boom!

Wow youre showing your ignorance

[Ecocharger + 1,474]

5 hours ago, Rob Plant said:

Wow youre showing your ignorance

Learn to spell "youre".

[TailingsPond + 1,008]

1 hour ago, Ecocharger said:

Learn to spell "youre".

lol

It's you're.

Edited December 11, 2023 by TailingsPond

[notsonice + 1,255]

1 hour ago, TailingsPond said:

lol

It's you're.

Grammar... It's the difference between knowing your shit and knowing you're shit.

[Ron Wagner + 710]

On 12/8/2023 at 2:41 AM, notsonice said:

coal is toast ....pay attention to the price of solar cells used in making solar panels....

Battery prices are falling fast also

Solar Plus Batteries wipes out coal on every level

PV MAGAZINE

https://pv-magazine-usa.com/2023/12/05/m10-solar-cell-prices-dive-to-new-record-low/

 

M10 solar cell prices dive to new record low

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

DECEMBER 5, 2023 OPIS

 

https://www.energy-storage.news/lfp-cell-average-falls-below-us100-kwh-as-battery-pack-prices-drop-to-record-low-in-2023/

LFP cell average falls below US$100/kWh as battery pack prices drop to record low in 2023

ByAndy Colthorpe

November 27, 2023

Central & East Asia, Americas, Asia & Oceania, Europe, US & Canada

Connected Technologies, Distributed, Grid Scale, Off Grid

Market Analysis, Materials & Production, Technology

LinkedIn

Twitter

Reddit

Facebook

Email

 A 200MW/400MWh LFP BESS project in China, where lower battery prices continue to be found. Image: Hithium Energy Storage.

After a difficult couple of years which saw the trend of falling lithium battery prices temporarily reverse, a 14% drop in lithium-ion (Li-ion) battery pack cost from 2022-2023 has been recorded by BloombergNEF.

The market research and analysis group has published the new edition of its annual survey of battery pricing, finding that prices have been falling again this year after “unprecedented price increases” in 2022.

Meanwhile, demand for batteries across the electric vehicle (EV) and battery energy storage system (BESS) markets will likely total 950GWh globally in 2023, according to BloombergNEF.

On average, pack prices fell 14% from 2022 levels to a record low of US$139/kWh this year. This reduction was driven by the dynamics of falling raw material and component prices, and increases in production capacity.

However, despite the good news, BloombergNEF (BNEF) no longer expects to find average pack prices fall below US$100/kWh by 2024 (as it predicted in 2020), nor by 2026 (as it predicted last year). It will however be likely to happen before the end of this decade, with BNEF forecasting that the average pack will cost about US$113/kWh in 2025, and decline in cost sharply to around US$80/kWh by 2030.

I hope you are right but I see little to no drop in retail prices for small home applications. I was considering a few solar panels since we recently took out some shade trees that were threats to lose major branches. 

[Ecocharger + 1,474]

COP28 has collapsed in failure, with no surprise. That is good news for Americans, who are the world's largest producers of oil and the world's largest consumers of oil.

Oil will continue to rule. The nations of the world will not commit economic suicide and embrace impoverishment as some sort of achievement.

https://oilprice.com/Energy/Energy-General/OPEC-Refuses-to-Kill-Itself-to-Please-Transition-Fans.html

"OPEC has called on its member states to refrain from signing any document calling for the phaseout of hydrocarbons.

French Energy Minister Pannier-Runacher: "I am stunned by these statements from OPEC+. And I am angry,".

Given the non-existent possibility that OPEC will change its mind and the fact that the same is true of the EU climate change advocates, chances are that COP28 may go down in history as one of the most useless editions of the summit."

Edited December 12, 2023 by Ecocharger

[Jay McKinsey + 1,490]

36 minutes ago, Ecocharger said:

COP28 has collapsed in failure, with no surprise. That is good news for Americans, who are the world's largest producers of oil and the world's largest consumers of oil.

Oil will continue to rule. The nations of the world will not commit economic suicide and embrace impoverishment as some sort of achievement.

https://oilprice.com/Energy/Energy-General/OPEC-Refuses-to-Kill-Itself-to-Please-Transition-Fans.html

"OPEC has called on its member states to refrain from signing any document calling for the phaseout of hydrocarbons.

French Energy Minister Pannier-Runacher: "I am stunned by these statements from OPEC+. And I am angry,".

Given the non-existent possibility that OPEC will change its mind and the fact that the same is true of the EU climate change advocates, chances are that COP28 may go down in history as one of the most useless editions of the summit."

Meanwhile:

Several OPEC+ countries announce additional voluntary cuts to the total of 2.2 million barrels per day

https://www.opec.org/opec_web/en/press_room/7267.htm

[Ecocharger + 1,474]

29 minutes ago, Jay McKinsey said:

Meanwhile:

Several OPEC+ countries announce additional voluntary cuts to the total of 2.2 million barrels per day

https://www.opec.org/opec_web/en/press_room/7267.htm

Oil production is at an all-time high.

Edited December 12, 2023 by Ecocharger

[TailingsPond + 1,008]

10 minutes ago, Ecocharger said:

Oil production is at an all-time high.

Where is your demand?

 

[TailingsPond + 1,008]

1 hour ago, Ecocharger said:

COP28 has collapsed in failure, with no surprise. That is good news for Americans, who are the world's largest producers of oil and the world's largest consumers of oil.

Oil will continue to rule. The nations of the world will not commit economic suicide and embrace impoverishment as some sort of achievement.

"OPEC has called on its member states to refrain from signing any document calling for the phaseout of hydrocarbons.

List the OPEC member states and what percentage of the global nations they represent.

Edited December 12, 2023 by TailingsPond

[Jay McKinsey + 1,490]

1 hour ago, Ecocharger said:

Oil production is at an all-time high.

So that is of course why OPEC  + is cutting supply. Ha,Ha, Bwawhwaahawhawhaw... 

It may be at an all time high indeed, otherwise known as a peak. It has stopped growing.!!!!!!!!!!!!!!!!!!!

[Rob Plant + 2,756]

13 hours ago, Ecocharger said:

Learn to spell "youre".

Pedant the spelling is correct just forgot the apostrophe

I guess you need to learn how to spell it!

And lets not get started on your mate EWO

[Rob Plant + 2,756]

5 hours ago, Ecocharger said:

COP28 has collapsed in failure, with no surprise. That is good news for Americans, who are the world's largest producers of oil and the world's largest consumers of oil.

Don't forget one of the worlds largest polluters per capita as well!

Congrats!

[Rob Plant + 2,756]

5 hours ago, Ecocharger said:

COP28 has collapsed in failure, with no surprise. That is good news for Americans, who are the world's largest producers of oil and the world's largest consumers of oil.

Oil will continue to rule. The nations of the world will not commit economic suicide and embrace impoverishment as some sort of achievement.

https://oilprice.com/Energy/Energy-General/OPEC-Refuses-to-Kill-Itself-to-Please-Transition-Fans.html

"OPEC has called on its member states to refrain from signing any document calling for the phaseout of hydrocarbons.

French Energy Minister Pannier-Runacher: "I am stunned by these statements from OPEC+. And I am angry,".

Given the non-existent possibility that OPEC will change its mind and the fact that the same is true of the EU climate change advocates, chances are that COP28 may go down in history as one of the most useless editions of the summit."

COP28's staggeringly ambitious new pledge shows the world's energy tastes are changing fast

US vice president Kamala Harris has announced that more than 100 countries have signed up to a pledge brokered by the US, the EU and COP hosts the United Arab Emirates, to triple renewable energy production and double energy efficiency by 2030.

COP28's staggeringly ambitious new pledge shows the world's energy tastes are changing fast | Climate News | Sky News

Not looking good for FF is it!

[Rob Plant + 2,756]

The World’s Second-Biggest Coal Company Is Looking to Exit the Industry

The World’s Second-Biggest Coal Company Is Looking to Exit the Industry | OilPrice.com

Even Glencore is getting out of coal as "they can see the writing is on the wall!"

They're transitioning to supplying metals for the renewable industries!

[TailingsPond + 1,008]

10 hours ago, Ecocharger said:

Oil production is at an all-time high.

WTI at $69.01 - it is oil nobody wants.  Where is all that demand?

How low will it go Mr "$100 a barrel by new year" economist?

 

[Ecocharger + 1,474]

11 hours ago, Jay McKinsey said:

So that is of course why OPEC  + is cutting supply. Ha,Ha, Bwawhwaahawhawhaw... 

It may be at an all time high indeed, otherwise known as a peak. It has stopped growing.!!!!!!!!!!!!!!!!!!!

U.S. and other production is wildly growing.

[Ecocharger + 1,474]

8 hours ago, Rob Plant said:

Pedant the spelling is correct just forgot the apostrophe

I guess you need to learn how to spell it!

And lets not get started on your mate EWO

I always have trouble with your bad form.

[Ecocharger + 1,474]

8 hours ago, Rob Plant said:

Don't forget one of the worlds largest polluters per capita as well!

Congrats!

Thanks, reality is breaking out in America.

[Ecocharger + 1,474]

8 hours ago, Rob Plant said:

COP28's staggeringly ambitious new pledge shows the world's energy tastes are changing fast

US vice president Kamala Harris has announced that more than 100 countries have signed up to a pledge brokered by the US, the EU and COP hosts the United Arab Emirates, to triple renewable energy production and double energy efficiency by 2030.

COP28's staggeringly ambitious new pledge shows the world's energy tastes are changing fast | Climate News | Sky News

Not looking good for FF is it!

America is ramping up oil production at a fantastic rate, thanks to Biden & Co.

Not looking good for renewables, fossil fuels are not even mentioned in your blurb above. (I guess you did not notice that.)

Edited December 12, 2023 by Ecocharger

[Ecocharger + 1,474]

 

5 hours ago, Rob Plant said:

The World’s Second-Biggest Coal Compan Looking to Exit the Industry

The World’s Second-Biggest Coal Company Is Looking to Exit the Industry | OilPrice.com

Even Glencore is getting out of coal as "they can see the writing is on the wall!"

They're transitioning to supplying metals for the renewable industries!

Coal is healthy and growing world-wide.

Edited December 12, 2023 by Ecocharger

[Eyes Wide Open + 3,555]

11 hours ago, Rob Plant said:

Pedant the spelling is correct just forgot the apostrophe

I guess you need to learn how to spell it!

And lets not get started on your mate EWO

I might suggest you focus on the world's highest electrical rates along with a beer that compliments your attitude...

Just a thought Mr. Plant...just a passing thought.

 

Edited December 12, 2023 by Eyes Wide Open

[notsonice + 1,255]

16 hours ago, Ecocharger said:

COP28 has collapsed in failure, with no surprise. That is good news for Americans, who are the world's largest producers of oil and the world's largest consumers of oil.

Oil will continue to rule. The nations of the world will not commit economic suicide and embrace impoverishment as some sort of achievement.

https://oilprice.com/Energy/Energy-General/OPEC-Refuses-to-Kill-Itself-to-Please-Transition-Fans.html

"OPEC has called on its member states to refrain from signing any document calling for the phaseout of hydrocarbons.

French Energy Minister Pannier-Runacher: "I am stunned by these statements from OPEC+. And I am angry,".

Given the non-existent possibility that OPEC will change its mind and the fact that the same is true of the EU climate change advocates, chances are that COP28 may go down in history as one of the most useless editions of the summit."

only thing that is crashing is the price of Crude

.....you keep claiming demand is great....in reality overproduction and lack of demand is the rule for Oil in 2023 and nothing on the horizon to change that picture in 2024

now you were claiming $100 Brent at the end of the year......

 

July 2022 you where 100 percent in on $130 Brent at the beginning of 2023

How are your claims holding up????

you do realize BS does not make a market ....it is real deliveries of Oil and real consumption and the lack of alternatives

you do realize their is an alternative to ICE vehicles and they are massively being sold now

 

did you buy Oil futures on your own projections????  because if you did you have to be the worst trader is the history of commodities trading

Do you believe Russia and the Saudis are playing a winning hand????? because they are not

 

maybe you do not understand economics very well

it is a Bear market in Oil

 

Consumption peaked in 2018

Demand is being affected by EVs and PHEVs

the green transition is not Oils friend

 

OPEC is collapsing and is a failure

 

Brent today $73 and change right after the OPEC failure.......

The future is not bright for your Big Oil .............2024 and more pain for Oil

sell it fast as it will become a stranded asset over time if left in the ground

 

Enjoy the Green Transition....I am

 

[Jay McKinsey + 1,490]

3 hours ago, Ecocharger said:

U.S. and other production is wildly growing.

Yes it is. It is filling in for all of the cuts and the end result is zero global growth. If global demand were actually growing then they would not be cutting. Hence it is a peak.

[Ron Wagner + 710]

https://dailycaller.com/2023/12/12/biden-electric-vehicle-stock/?utm_medium=push&utm_source=daily_caller&utm_campaign=push

NICK POPECONTRIBUTOR

December 12, 20231:47 PM ET

FONT SIZE:

The Biden administration held up the electric vehicle (EV) charging company ChargePoint to support the president’s climate agenda on several occasions. Now, the company is facing considerable economic and legal headwinds.

In February, the White House highlighted ChargePoint’s deals with other companies as proof that the administration’s “actions on EVs have spurred network operators to accelerate the buildout of coast-to-coast EV charging networks.” However, in the nearly ten months since, the company’s stock price has lost significant value, ChargePoint CEO Pasquale Romano has stepped down from his post and the company now faces a class action lawsuit.

The White House promoted ChargePoint’s partnership with Mercedes-Benz and MN8 Energy “to deploy over 400 charging hubs with more than 2,500 publicly accessible (direct current) fast charging ports across the U.S. and Canada,” as well as the company’s partnership with Volvo and Starbucks “to deploy 60 (direct current) fast chargers at up to 15 locations along the 1,350-mile pilot route between Seattle and Denver to be completed by summer 2023.” Additionally, the White House touted ChargePoint’s agreement with SMTC Corporation to expand charger manufacturing capacity in California. (RELATED: Biden’s EV Push Undermined By Scarce And Faulty Charging Stations)

 

The White House also commended ChargePoint for “[investing] in equitable workforce development and [training] a diverse pipeline of  skilled workers to build our nation’s infrastructure” in a November 2022 press release focusing on examples of “major progress” made by President Joe Biden’s climate agenda. The administration also mentioned the company in several other press releases recapping positive developments in the EV charging industry, including the one from February.

 

 

ChargePoint operates the largest public network of EV charging stations in the U.S. as of August, according to Edmunds.

In August 2022, several months before the White House issued the February press release, Biden appointed Romano to the National Infrastructure Advisory Council, a group of private sector and state or local government officials tasked with advising Biden on how to best reduce risks to the nation’s critical infrastructure. Despite the appointment, Romano stepped down as CEO on Nov. 16, as did CFO Rex Jackson, according to Bloomberg News. Between the day before the announcement that Romano was leaving and the day after, the company’s stock lost nearly 40% of its value, according to data from Google Finance.

The company’s stock price peaked at $46.10 per share on Dec. 24, 2020, and it stood at $13.38 per share on Feb. 15, 2023, the most recent that the White House mentioned the company in writing. As of Tuesday, it is trading at around $2.24 per share, according to data from Google Finance. The share price is down by nearly 75% year-to-date.

The company’s third quarter financial filings also show the company’s revenue was 12% lower than it was in last year’s third quarter. ChargePoint posted a net loss of $158.2 million for the quarter, up from the $84.5 million the company lost during last year’s third quarter.

There is also a class action lawsuit against the firm, which alleges that the company and some of its top executives violated the Securities Exchange Act of 1934. Specifically, the suit, which covers the time between June 1 and Nov. 16, alleges that the company’s share price became artificially inflated because of false and misleading statements made by company executives. The lawsuit alleges that the company was experiencing elevated component costs and supply overruns, factors that were likely to decrease the company’s profitability by forcing costly impairments.

The company’s supply chain issues ultimately forced it to announce a $42 million impairment, or reduction, to the value of its inventory in November, according to its third quarter filings.

“Based on recent investor interactions and multiple negative datapoints across the EV value chain, sentiment in the EV charging space has been muted and we are not surprised that ChargePoint F3Q (third-quarter) revenues would track below expectations,” JPMorgan analysts, led by Bill Peterson, wrote in a November investor note, according to Reuters. “However, the magnitude of the miss and the deceleration late in the quarter doesn’t bode well for near-term fundamentals for ChargePoint or the broader EV value chain in general, and EV charging specifically.”

ChargePoint’s story shares some characteristics with that of Li-Cycle, a battery recycling company with which the administration reached a conditional commitment for a $375 million loan package in February. Li-Cycle had cleared the Department of Energy’s (DOE) due diligence process while it was accused of defrauding its investors, and the company’s stock price has since tanked.

Charging infrastructure remains a key obstacle to the Biden administration’s wider EV agenda, which aims to have 50% of all new car sales be EVs by 2030. Most charging stations are densely concentrated in more densely-populated, coastal regions of the U.S., according to the DOE.

The Biden administration has set billions of dollars aside to help the EV industry build out a nationwide charging network. The administration has committed billions to subsidize EV manufacturing infrastructure, and also to provide consumer tax credits to increase the appeal of the pricier vehicles.

However, auto manufacturers are mostly losing considerable amounts of money on their EV product lines, consumer demand is not reaching projected levels and auto executives are backing off some of their short-term production targets.

The White House, ChargePoint and the DOE all did not respond immediately to requests for comment.