The US currently is beating its Kyoto Protocol CO2 goals, without the need to buy a box of green weenie credits
Saudi Shift Brings Uncertainty on Oil
. . . they will lose their shirts on these trades, there is no support for the price of oil, demand is weak, supply strong, and no evidence anything will change that for a long time.
"'In the Southern Persian Gulf, oil is becoming a political commodity, more than an economic commodity,” he said, though he lamented that shift. “OPEC is in a difficult situation.”
In his first remarks as minister, Mr. Falih on Sunday said in a news release that the country would “remain committed to maintaining our role in international energy markets and strengthening our position as the world’s most reliable supplier of energy.'"
Right, like we have been saying, oil is a political tool being used by both Iran, and the House of Saud in the existential war between the Shia, and the Sunni. Saudi cannot stop or slow production to support price unless it can verify Iran and the Shia oil producers will as well. This is desperation selling to keep the price low, and limit Iran's income, while making desperate changes to the Saudi economy in an attempt to create gold from straw.
Good luck on that.
The oil traders are as yet unwilling to believe that the House of Saud is actually willing to let the price tank. And so they continue to bid up the price on any minor problem, or supply bauble. But the metrics do not support pricing in this range without the House of Saud restricting the supply. Something the House of Saud has specifically said it will not do.
Someone is going to get burned. Heh!
Europe's alternative energy obsession has done a terrific job of driving electricity prices through the roof . . .
We Don't Need No Stinking Giant Fans - Small Dead Animals
. . . as if that is the goal.
No wonder they live such impoverished lifestyles, they pay dear for everything, and they are taxed nearly to death on top. But they have espresso!
Another Major Natural Gas Pipeline Project Bites The Dust | OilPrice.com
Brilliant. In a bid to accelerate the stampede of young people out of the state of New York, the state prevents a natural gas pipeline which would bring lower priced, clean natural gas to New York, and New England.
Let them burn cake, is the progressives energy mantra.
The 2 huge mistakes that sent Wall Street's nightmare stock into bankruptcy
. . . its two mistakes? Solar, and wind! Hahahahahahahahahahahahaha.
Blah, blah, blah this article misses the point. Alternative energy's ROI, is terrible, commonly less than zero. Alternative energy's carbon footprint is far worse than people believe, due to the carbon created through siting the energy farm, building the structures, infrastructure necessary to maintain, and link to the grid, and the cost of manufacturing all the maintenance parts, and then installing them, and the need for constant hot fossil fuel back up power because alternative energy is too inconsistent to be compatible with the power grid. Most commonly, alternative energy adds more carbon than a nuclear, or natural gas alternatives, costs more than any mainstream fuel source, blights the landscape, kills wildlife in far greater numbers than mainstream energy sources, and is completely unaffordable. And, yes, no one tells you this because, um, you don't need to know this information to be the mark. It's about money and power, not the environment. I have written about this often, search around you will find the answers you are looking for here.
Notice how the article interviews the former CEO of the failed largest renewable energy firm in Europe, about the failure of the largest renewable energy in the US. This is irony. And how is it that the knobs over at SunEdison were unable to figure out why Conergy failed? Perhaps the name a blending of "Con"and "Energy" was too obvious. Alternative energy is a con. Please, never forget Mamet's rule, if you are in a con and you don't know who the mark is . . . you're the mark. Campaign Sources: The Romney Campaign was a Consultant Con Job | RedState
It's like environmentalists found the worst possible energy sources and have decided to destroy the economy, the environment, and the world just for kicks, well, on their way to aggregating power, and wealth.
Unreformed religions will do that, and unreformed secular religions always do that, it is what they do.
Costly Broken Wind Turbines Give College Whopping Negative 99.14% Return On Investment
. . . funded by a $2.5 million grant from the U.S. Department of Labor.
Only government can find ways to create such shockingly bad investment returns. Even the Steadman Funds of yesteryear (Deadman Funds, in the parlance), never plumbed these depths in such a short period of time.
"The college estimates it would take another $100,000 in repairs to make the turbines function again after one of them was struck by lightning and likely suffered electrical damage last summer. School officials’ original estimates found the turbine would save it $44,000 in electricity annually, far more than the $8,500 they actually generated. Under the original optimistic scenario, the turbines would have to last for 22.5 years just to recoup the costs, not accounting for inflation. If viewed as an investment, the turbines had a return of negative 99.14 percent.
“While they have been an excellent teaching tool for students, they have only generated $8,500 in power in their lifetime,” she said. “One of the reasons for the lower than expected energy power is that the turbines often need to be repaired. They are not a good teaching tool if they are not working.'"
Look Princess, they while they were not working these things were the best teaching tool ever invented. Success provides a few learning points, but abject failure of this magnitude offers myriad teaching points. Frankly, everything about this project point to the fact that college administrators are not ready to manage the people or money they are required to manage. This was not an investment, but a serious, unconscionable waste of student money. It should be pink slips all around, but . . . wait for it . . .
Have the administrators learned from the experience? In a word, NO!
"Lake Land plans to replace the two failed turbines with a solar power system paid for by a government grant. “[T]he photovoltaic panels are expected to save the college between $50,000 and $60,000 this year,”Allee told the DCNF."
The gambler who cannot win, doubles down! Brilliant.
Why limit the poppycock ROI estimates to $60,000, go for the Moon! $600,000, or $6,000,000, or maybe the ROI will be infinite!
Religion always trumps reason, and here the students pay, not the administrators, so there is no reason to treat this as anything other than a lark.