32 Comments

Please look into and report on how much the reduction in price of renewable hardware has been driven by three factors during the last decade: decreasing cost of capital, decreasing cost of energy inputs and reduced cost of low-cost labor.

Goehring & Rozencwajg, (The Distortions of Cheap Energy) (https://f.hubspotusercontent40.net/hubfs/4043042/Content%20Offers/2021.Q4%20Commentary/2021.Q4%20GR%20Market%20Commentary.pdf, see pp 6-8) suggest that the first two of these inputs declined greatly during the 2010-2020 decade. I have also been struck by reports that wind developers are adamantly opposed to paying prevailing (union-level) wages for tower installation workers as they say it will "ruin their economics".

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"It is widely known that adding intermittent electricity-generating sources to an electricity grid can substantially destabilize it."

Is it? It's known to those of us that can think logically and at least make some honest attempt to try to understand how things work, but I would suspect if you put this question out as an open poll you'd be surprised how few people are actually aware of that, and that they basically voted for it.

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curious what you think about kathy woods comment that petroleum will go the way of whale oil?

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The worst part about this is the government stepped in, preventing the public from learning the folly of current policy. I'm not a fan of the Chinese government, but they seem to be on a path of letting Evergrande hit the windshield, which will be a lesson to every highly leveraged company in China. Until we have *serious* pain (like the Texas energy incident), the general public will not learn (and even then, some will not learn). Politicians need the support of the people to turn the corner on the warming debate and restart investment in nuclear, which seems to be the only viable way forward.

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A population removed from the soil, that yells about "green" energy!, allows itself to be masked and locked inside, will get what it deserves.

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Thanks for that. It’s good to see another side of the energy disaster brewing around the world. Germany and California are next in line, with trillion dollar failure plans coming to fruition. One quibble: natural gas should not be considered baseload. It’s just in time delivery means problems like the Texas blackout can happen, without considering price. Fuel on site matters.

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Now that you've had a look at the UKs gas-fertiliser-co2-food domino effect, could you take a look at the UKs truck driver shortage now too please? That's just as bat shit crazy when you see that the road haulage industry were warning months and years ago of impending doom too.

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Supply chains of CO2... Slighlty offtopic, but I would be very interested to hear your take on power-to-x systems (especially those that recycle CO2 to methanol, keyword: the methanol economy) as the foundation stones of our future global energy system...

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As per usual, Mankind demonizes the very element it needs for it's existence. Laughable, really...Way to go, Oligarchs!!!

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Most food is transported with standard refrigeration technology, only some of which relies on C02, let alone dry ice. From my read, the meat industry is much more concerned about C02 for slaughtering than for transport issues.

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Agree with the general tenor with this, although it's worth pointing out that the UK doesn't source its gas from Russia. It shouldn't be overlooked that another key underlying factor is poor regulation of natural monopolies. The energy price caps clearly haven't helped the energy suppliers, although no doubt they would have "returned" any safety margin to investors long ago (that financialization problem again). The UK needs to ask why it is beholden to a US fertilizer company for a critical product. It's not like there's even a trade agreement there.

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