GREEN NEW DEAL = BLIZZARD OF LIES

[Eyes Wide Open + 3,550]

19 hours ago, Rob Plant said:

cost of Powergen in the UK over the last 12 months!

Get it now?

Ahh headway is being made, yet it would seem this price transition is by no means seamless. As matter of fact it's all rather a...a chit show...

Govt price caps and then wind farm investments literally go poof overnight..And to think it's all over lower gas pricing? I might suggest it is not gas that's polluting your economic distress.

 

Gas and electricity prices under the Energy Price Guarantee and beyond

Research Briefing

Published Friday, 24 November, 2023

 

https://commonslibrary.parliament.uk/research-briefings/cbp-9714/

Biggest clean energy disaster in years’: UK auction secures no offshore windfarms

This article is more than 3 months old

Lack of interest was widely expected after government failed to heed warnings about soaring costs

• What went wrong at UK’s offshore wind auction?
• Nils Pratley: does the government still have an offshore wind strategy?

The companies had warned ministers repeatedly that the auction price was set too low for offshore windfarms to take part after costs in the sector soared by about 40% because of inflation across their supply chains.

The government’s “energy security disaster” means the UK may miss out on billions in investment and may also push up bills for working households, the Labour party said.

Up to 5 gigawatts of offshore wind was eligible to compete, which could have powered nearly 8m homes a year. That would have saved consumers £2bn a year compared with the cost of using electricity generated in a gas power plant, according to the industry group Renewable UK.

 

https://www.theguardian.com/environment/2023/sep/08/biggest-clean-energy-disaster-in-years-uk-auction-secures-no-offshore-windfarms

 

Edited December 15, 2023 by Eyes Wide Open

[turbguy + 1,426]

3 hours ago, Ecocharger said:

"Expects" are worthless, we will see what the actual numbers are.

Looks like the markets think "expects" are worth something.

[specinho + 441]

Ahhemmmnnn..... 😬

Has anyone seen this in the newsletter?

"Tuesday, December 12, 2023

The COP28 conference has widened the rift between energy-hungry emerging nations and developed countries seeking to curb their carbon footprint, leading to no tangible progress on climate talk"

 

Very much like every other summits, yes? 😟😣

 

 

[Rob Plant + 2,652]

6 hours ago, Ecocharger said:

Trying to change the subject? Rob, you claimed that oil was in decline and you got called out for  your mistake.

Just politely apologize and move on.

Sure, $100 was predicted by some, but we have been going into recession. Not a surprise.

However, the numbers show that you are flat wrong and ignorant about oil production. Live with it.

Despite a slowing economy, with falling prices for EVs.

Bwahahaha youre a funny guy, it wasnt "some" who claimed oil would be at $100/b by Xmas it was YOU! And then you have the temerity to claim I'm ignorant about oil production lol.

"falling prices for EV's" well thats great news for the consumer and great news for a faster EV adoption by the masses!

Well done Eco for finally seeing the light👋

[Rob Plant + 2,652]

4 hours ago, Eyes Wide Open said:

Ahh headway is being made, yet it would seem this price transition is by no means seamless. As matter of fact it's all rather a...a chit show...

Govt price caps and then wind farm investments literally go poof overnight..And to think it's all over lower gas pricing? I might suggest it is not gas that's polluting your economic distress.

 

Gas and electricity prices under the Energy Price Guarantee and beyond

Research Briefing

Published Friday, 24 November, 2023

 

https://commonslibrary.parliament.uk/research-briefings/cbp-9714/

Biggest clean energy disaster in years’: UK auction secures no offshore windfarms

This article is more than 3 months old

Lack of interest was widely expected after government failed to heed warnings about soaring costs

• What went wrong at UK’s offshore wind auction?
• Nils Pratley: does the government still have an offshore wind strategy?

The companies had warned ministers repeatedly that the auction price was set too low for offshore windfarms to take part after costs in the sector soared by about 40% because of inflation across their supply chains.

The government’s “energy security disaster” means the UK may miss out on billions in investment and may also push up bills for working households, the Labour party said.

Up to 5 gigawatts of offshore wind was eligible to compete, which could have powered nearly 8m homes a year. That would have saved consumers £2bn a year compared with the cost of using electricity generated in a gas power plant, according to the industry group Renewable UK.

 

https://www.theguardian.com/environment/2023/sep/08/biggest-clean-energy-disaster-in-years-uk-auction-secures-no-offshore-windfarms

 

Again you cite out of date news!

Will you ever post something current?

The reasons for the disastrous auction was twofold firstly interest rates being so high, but mainly that the maximum chargeable price was ridiculously low at £44/MWh and is now £73MWh.

Interest rates have now fallen back to reasonable levels which will encourage investors at the next round, and then there's this announced in November!

Boost for offshore wind as government raises maximum prices in renewable energy auction

Boost for offshore wind as government raises maximum prices in renewable energy auction - GOV.UK (www.gov.uk)

Please try and keep up EWO!

Edited December 15, 2023 by Rob Plant

[Ecocharger + 1,384]

Coal is a very healthy industry going forward.

https://oilprice.com/Latest-Energy-News/World-News/Global-Coal-Demand-Is-Set-to-Hit-a-Record-High-in-2023.html

"Global coal demand is set to rise by 1.4% this year and surpass a record-high level of 8.5 billion tons for the first time, the International Energy Agency (IEA) said on Friday. 

While coal demand in the United States and the EU is set for a 20% record decline this year, coal use in emerging economies “remains very strong, increasing by 8% in India and by 5% in China in 2023 due to rising demand for electricity and weak hydropower output,” the IEA said in its Coal 2023 annual report today.    

This year marks the second consecutive year of record-high levels of coal demand globally after 2022 was also a record year for coal use."

Edited December 15, 2023 by Ecocharger

[Jay McKinsey + 1,489]

15 hours ago, Ecocharger said:

If he reduces interest rates too quickly, we are back on the high inflation track and that means further pain down the road.

We learned those lessons before, but each generation has to learn them over again.

With the current guy in the White House, should we be surprised?

You mean the current guy who is overseeing a fantastic economy despite the high interest rate. Just need to get that interest rate cut in half.

Pay attention and you might learn something. This bout of inflation was led by supply shortages not monetary policy. 

Edited December 15, 2023 by Jay McKinsey

[Jay McKinsey + 1,489]

5 hours ago, Ecocharger said:

Coal is a very healthy industry going forward.

https://oilprice.com/Latest-Energy-News/World-News/Global-Coal-Demand-Is-Set-to-Hit-a-Record-High-in-2023.html

"Global coal demand is set to rise by 1.4% this year and surpass a record-high level of 8.5 billion tons for the first time, the International Energy Agency (IEA) said on Friday. 

While coal demand in the United States and the EU is set for a 20% record decline this year, coal use in emerging economies “remains very strong, increasing by 8% in India and by 5% in China in 2023 due to rising demand for electricity and weak hydropower output,” the IEA said in its Coal 2023 annual report today.    

This year marks the second consecutive year of record-high levels of coal demand globally after 2022 was also a record year for coal use."

Actually the report says coal is peaking this year and will begin to decrease in 2024:

Global coal demand is expected to peak in 2023 and decrease thereafter

For our forecast period until 2026 we expect to see a trend emerging of declining worldwide coal demand, starting in 2024. With growth in India and ASEAN offsetting declines in the European Union and the United States, China remains the decisive player for setting the trend of global coal demand. Higher renewable growth than overall electricity demand growth is likely to push global coal consumption on a downward trajectory. This would imply that coal is likely to peak in 2023. 

https://www.iea.org/reports/coal-2023/demand#abstract

[notsonice + 1,098]

12 minutes ago, Jay McKinsey said:

Actually the report says coal is peaking this year and will begin to decrease in 2024:

Global coal demand is expected to peak in 2023 and decrease thereafter

For our forecast period until 2026 we expect to see a trend emerging of declining worldwide coal demand, starting in 2024. With growth in India and ASEAN offsetting declines in the European Union and the United States, China remains the decisive player for setting the trend of global coal demand. Higher renewable growth than overall electricity demand growth is likely to push global coal consumption on a downward trajectory. This would imply that coal is likely to peak in 2023. 

https://www.iea.org/reports/coal-2023/demand#abstract

2022/23 at best a dead cat bounce off the highs set in 2013/14

renewables are now setting coal on a terminal decline

 

[footeab@yahoo.com + 2,141]

14 hours ago, turbguy said:

Looks like the markets think "expects" are worth something.

This happens literally EVERY election year or nearly so....The Feds cut or say they will cut interest rates in Presidential election years every single time.  2020, 2016 was a 0, 2012 was a 0, 2008 cut, 2004 was a zero, 2000 was a cut and kept cutting to ~1.5%??? at which it stayed there until 2008 at which it was slightly cut and stayed there until ~2018? , 1996 was a cut, 1992 was a cut.  In between, in most cases, rates increase so , 1994, 1997/8, 2002, etc. 

At this point one has to be blind to not "expect" a fed cut during election year and no, it is not "worth" something unless you are playing the SHORT term market rise and then actively sell off VERY quickly. 

 

[Jay McKinsey + 1,489]

38 minutes ago, footeab@yahoo.com said:

This happens literally EVERY election year or nearly so....The Feds cut or say they will cut interest rates in Presidential election years every single time.  2020, 2016 was a 0, 2012 was a 0, 2008 cut, 2004 was a zero, 2000 was a cut and kept cutting to ~1.5%??? at which it stayed there until 2008 at which it was slightly cut and stayed there until ~2018? , 1996 was a cut, 1992 was a cut.  In between, in most cases, rates increase so , 1994, 1997/8, 2002, etc. 

At this point one has to be blind to not "expect" a fed cut during election year and no, it is not "worth" something unless you are playing the SHORT term market rise and then actively sell off VERY quickly. 

 

Actually the rates went up in 2000, 2004, 2012, and 2016. Showing off your genius as always.

[notsonice + 1,098]

57 minutes ago, footeab@yahoo.com said:

This happens literally EVERY election year or nearly so....The Feds cut or say they will cut interest rates in Presidential election years every single time.  2020, 2016 was a 0, 2012 was a 0, 2008 cut, 2004 was a zero, 2000 was a cut and kept cutting to ~1.5%??? at which it stayed there until 2008 at which it was slightly cut and stayed there until ~2018? , 1996 was a cut, 1992 was a cut.  In between, in most cases, rates increase so , 1994, 1997/8, 2002, etc. 

At this point one has to be blind to not "expect" a fed cut during election year and no, it is not "worth" something unless you are playing the SHORT term market rise and then actively sell off VERY quickly. 

 

2020 were giant cuts and your boss still could not get across the finish line without trying to stage a Coup. Fed did him a big favor and all he had to do is to tell people to wear masks, even if they were homemade out of cloth from the get go.

yet he was unable to act Presidential.....ha ha ha

 

and now your unhappy with 2024 rate cuts.....ha ha ha

 

and your unhappy because the economy is do so well.....??????

Unemployment....Poof

Inflation.....Poof

 

GDP Booming

Green Transition...full speed ahead

Sleepy Joe Bringing home China  jobs (semiconductors and solar panels)

 

and a bonus ....A Fed Chairman (selected by your boss) handing Sleepy Joe an early xmas gift by discussing 2024 rate cuts

Boom, Boom, Boom

and now the stock market at record highs and a 20 percent boom in 2024 (that is my prediction)

401k's and IRA's.....Boom Boom Boom

the roaring 20's thanks to Sleepy Joe

You should be grateful that he is in charge and not your wanna be dictator that is praying for a hail Mary with Presidential Immunity....(ha ha ha......noone is thinking he will complete that pass as he already has been intercepted every time he files a motion) ha ha ha  ha

 

2024 and your boss will be heading to prison

Oh it is a merry merry Xmas

Merry Xmas Foot in the Mouth

Enjoy the Boom

[Ecocharger + 1,384]

3 hours ago, Jay McKinsey said:

Actually the report says coal is peaking this year and will begin to decrease in 2024:

Global coal demand is expected to peak in 2023 and decrease thereafter

For our forecast period until 2026 we expect to see a trend emerging of declining worldwide coal demand, starting in 2024. With growth in India and ASEAN offsetting declines in the European Union and the United States, China remains the decisive player for setting the trend of global coal demand. Higher renewable growth than overall electricity demand growth is likely to push global coal consumption on a downward trajectory. This would imply that coal is likely to peak in 2023. 

https://www.iea.org/reports/coal-2023/demand#abstract

"We expect" is something we have been hearing for a long time, and those expectations are always wrong.

What counts is the fact that coal is in high demand and growing to all-time highs.

[Ecocharger + 1,384]

1 hour ago, Jay McKinsey said:

Actually the rates went up in 2000, 2004, 2012, and 2016. Showing off your genius as always.

And 2016 was when the American people had enough of that administration.

[notsonice + 1,098]

2 minutes ago, Ecocharger said:

And 2016 was when the American people had enough of that administration.

you do understand Obama left office because of Term Limits....not because of your BS reasoning..

only a Russian would not understand Term Limits  as Russians always ignore them....Just ask Vlad

[notsonice + 1,098]

7 minutes ago, Ecocharger said:

"We expect" is something we have been hearing for a long time, and those expectations are always wrong.

What counts is the fact that coal is in high demand and growing to all-time highs.

Peak Coal happened in 2013/14.......

and the future is now down down down

Enjoy the Solar panel Boom ...Coal is doomed

[Jay McKinsey + 1,489]

13 minutes ago, Ecocharger said:

And 2016 was when the American people had enough of that administration.

That administration was term limited out. The people had no say in the matter. Now 2020 is the story about how the American people had enough of that administration.

[Ecocharger + 1,384]

On 12/12/2023 at 6:49 PM, Jay McKinsey said:

Haha another uncited claim by you.

Canalys estimates EVs will make up 18% of the total market in 2023, with global sales surpassing 14 million units, a 39% increase from 2022. 

Garbage. The American transportation sector is about less than 1% electric, 99 % fossil fuel.

[Ecocharger + 1,384]

17 minutes ago, Jay McKinsey said:

That administration was term limited out. The people had no say in the matter. Now 2020 is the story about how the American people had enough of that administration.

Biden worked with the Obama administration? That's what I was taught to believe

[TailingsPond + 502]

2 minutes ago, Ecocharger said:

Garbage. The American transportation sector is about less than 1% electric, 99 % fossil fuel.

Those are made up numbers and you know it. There are plenty of electric trains / subways.

The NYC subway alone - which runs on electricity - has a daily ridership of 3.2 million people per day.  One city, one day, is more electric trips than you will drive in your lifetime.

 

[Jay McKinsey + 1,489]

8 minutes ago, Ecocharger said:

Garbage. The American transportation sector is about less than 1% electric, 99 % fossil fuel.

I was reporting global sales numbers. They just keep growing and growing.

[Ecocharger + 1,384]

15 hours ago, Rob Plant said:

Bwahahaha youre a funny guy, it wasnt "some" who claimed oil would be at $100/b by Xmas it was YOU! And then you have the temerity to claim I'm ignorant about oil production lol.

"falling prices for EV's" well thats great news for the consumer and great news for a faster EV adoption by the masses!

Well done Eco for finally seeing the light👋

Rob, you cannot even tell the difference between up and down. That is funny.

EV prices are declining reflecting weak demand.

Sales of EVs in Europe have declined 3% compared to one year ago. That is a disaster, and will make it impossible to satisfy the deadlines.

https://www.reuters.com/business/autos-transportation/global-ev-sales-hit-new-record-november-rho-motion-2023-12-12/

 

 

[notsonice + 1,098]

10 minutes ago, Ecocharger said:

Biden worked with the Obama administration? That's what I was taught to believe

yep and Biden was term limited out as VP......Guess what ....people love him so much they made him President....

and your Cult leader, Trump ......people do not love him so much, so many dislike him that he lost and he tried to stage a coup.....

Enjoy the trials....the traitor deserves the max

Gitmo or Supermax????? is the only question

Merry Xmas

[Ecocharger + 1,384]

5 minutes ago, Jay McKinsey said:

I was reporting global sales numbers. They just keep growing and growing.

When you start with 0% and grow to about .9%, that is growth. But you need a microscope to see it.

[Jay McKinsey + 1,489]

8 minutes ago, Ecocharger said:

Biden worked with the Obama administration? That's what I was taught to believe

Biden was not running for any office in 2016.

Keep it up. We are all laughing at you.