I love this article, because it shows so much! I miss the days when we had people in power who had the foresight to accomplish tasks that required an understanding of facts. We are surrounded by "opinions" and "thought leaders" instead of people who think clearly and do things that really matter. Too much noise and too little signal.
More thoughts that make my blood boil. Nobody who could help the populace see reason will care about any of this because we live in a country of idiots and the easily fooled. When your news sources come out of daily Instagram or Facebook posts, "non political" news sites and CNN, you show yourself to be useful to powerful, corrupt forces. And so, I fully expect Democrats to take my tax dollars by proxy to prop up failing, grossly irrelevant energy companies and then tell me that I'm a MAGA Republican as part of the deal. I would like all of these clowns to have sex with themselves and put their hands in the pockets of the fools who voted for them. Leave me out of it.
Nov 16, 2023·edited Nov 16, 2023Liked by environMENTAL
Outstanding article. Thank you. I’ve been distracted with other news and have not kept up with my reading on this Substack page. I’ll be back more often from now on. I’ve read from many scientists in alternative media who are brave enough to say that the climate change challenge will always run head first into the laws of economics. And we see this phenomenon in this essay first hand. Wish I was smart enough to have shorted these companies. What really gets my goat is that we read nothing about new research to solve this problem. Surely the trillions we are spending for alternative energy: wind, solar, etc… can be invested by the global community to find a viable solution to this challenge. P.S. I am a NJ resident and happy to see Governor Murphy more than pissed off.
I’ll quibble with a couple of numbers in this excellent piece. In California the utility scale solar farms are replacing panels at 10-12 years, not 25. They degrade to the point where they can’t make contract amounts. The fact that you can’t amortize the over the assumed 25 years will cause rate to be even higher. California is perfect for wind and solar. Nonetheless both have capacity factors under 30%.
As always, excellent piece Mental. I really laughed at this line, “Danish Oil and Natural Gas aka DONG.” Your pieces are really top-notch! I anxiously await the next gem that passes the editing process.
I can't imagine what those rate requests will do to electric bills...OMG. It's bad enough taxpayer money will bail them out BUT to add insult, for our rates to skyrocket.
I'm in VA and NOT happy about the offshore projects or the hundreds of FOREIGN owned solar projects being pushed all over the state in RURAL areas...guess people don't care about about eating. 😡
ABSOLUTELY FANTASTIC article...can't wait to share.
My FIL worked in/on those German Nuclear plants in design and project management. He was saddened to hear they were being closed as he truly believed in them. He worked on many European projects.
Another well researched and excellently written piece on this renewables fraud. I congratulate you!
Have you submitted this to the Wall Street Journal as a guest editorial? If not, please do so immediately. If any national newspaper would publish it, they may. This hideous movement needs to be exposed to the largest possible audience. The 1998 bailout of LTCM (and lack of public disclosure and disgust) led directly to the cornucopia of bailouts throughout 2008-2010 that society still pays for.
You are so right, cut the head from this serpent before it can multiply AGAIN!
With most investors placing their life savings and retirement funds in index funds such as the S&P 500 funds, I can’t help but wonder if many of them are like ticking time bombs for the financial future of ordinary Americans. The insanely flawed decision-making by some of these companies appears to make them assured to lose vast sums of money or just fail and they could take us down with them in our old age. The prospect of being relegated to eating cat food from a tin because an ideological delusion destroyed my retirement income is concerning to say the least. I wonder if there are any funds that specifically exclude these alternative energy boondoggles.
Another point about nuclear power and its over 90% uptime: Nuclear uptime is usually INDEPENDENT of weather.
A lot downtime at Nuke plants is refueling and maintenance that is SCHEDULED long in advance. This is usually during seasonal low power demand (late spring and early fall).
Yes, occasional unscheduled downtime happens, but the ability regularly plan over the long term is underrated.
Thank you for a marvelous article. However, if nuclear is so safe, why can't they buy liability insurance on the open market?
Instead we get the only Soviet Style institution in America; the Price-Anderson Nuclear Industries Indemnity Act, which is an ongoing taxpayer subsidy since 1957.
Its really unfortunate what has happened and is happening with Germany, its basically national suicide. From top to bottom, the people, corporations and governments have fully bought into the green grift like nowhere else and they have the energy poverty, industrial flight and spiraling debt to prove it. Siemens has been around since 1857 and they bet the company on this garbage, ditching the future with nuclear, i would love to sit in on board meetings to see if they are panicking or if they still think they are on the right path.
Is there a path back, when anyone who pushes back on this agenda is derided as "far right"? If the AFD is the only party of significance willing to push back against this green nonsense what choice to do sane sensible people have but to vote for them?
They can call people racists all they want, but if the choice is to vote for a party that does contain at least some racists, or lose your job and freeze to death in winter, its no choice.
I wonder how its going to go with Sunak and the conservatives in Britain, finally making small sensible sounds on the energy file, i think they are going to have to go all in to survive.
I love this article, because it shows so much! I miss the days when we had people in power who had the foresight to accomplish tasks that required an understanding of facts. We are surrounded by "opinions" and "thought leaders" instead of people who think clearly and do things that really matter. Too much noise and too little signal.
More thoughts that make my blood boil. Nobody who could help the populace see reason will care about any of this because we live in a country of idiots and the easily fooled. When your news sources come out of daily Instagram or Facebook posts, "non political" news sites and CNN, you show yourself to be useful to powerful, corrupt forces. And so, I fully expect Democrats to take my tax dollars by proxy to prop up failing, grossly irrelevant energy companies and then tell me that I'm a MAGA Republican as part of the deal. I would like all of these clowns to have sex with themselves and put their hands in the pockets of the fools who voted for them. Leave me out of it.
Great historical references. Impressive post, thank you.
Outstanding article. Thank you. I’ve been distracted with other news and have not kept up with my reading on this Substack page. I’ll be back more often from now on. I’ve read from many scientists in alternative media who are brave enough to say that the climate change challenge will always run head first into the laws of economics. And we see this phenomenon in this essay first hand. Wish I was smart enough to have shorted these companies. What really gets my goat is that we read nothing about new research to solve this problem. Surely the trillions we are spending for alternative energy: wind, solar, etc… can be invested by the global community to find a viable solution to this challenge. P.S. I am a NJ resident and happy to see Governor Murphy more than pissed off.
This is a good one, indeed! And frightening. Definitely keeping a closer eye on this issue as its surely coming to reality.
I’ll quibble with a couple of numbers in this excellent piece. In California the utility scale solar farms are replacing panels at 10-12 years, not 25. They degrade to the point where they can’t make contract amounts. The fact that you can’t amortize the over the assumed 25 years will cause rate to be even higher. California is perfect for wind and solar. Nonetheless both have capacity factors under 30%.
As always, excellent piece Mental. I really laughed at this line, “Danish Oil and Natural Gas aka DONG.” Your pieces are really top-notch! I anxiously await the next gem that passes the editing process.
I can't imagine what those rate requests will do to electric bills...OMG. It's bad enough taxpayer money will bail them out BUT to add insult, for our rates to skyrocket.
I'm in VA and NOT happy about the offshore projects or the hundreds of FOREIGN owned solar projects being pushed all over the state in RURAL areas...guess people don't care about about eating. 😡
ABSOLUTELY FANTASTIC article...can't wait to share.
My FIL worked in/on those German Nuclear plants in design and project management. He was saddened to hear they were being closed as he truly believed in them. He worked on many European projects.
Another well researched and excellently written piece on this renewables fraud. I congratulate you!
Have you submitted this to the Wall Street Journal as a guest editorial? If not, please do so immediately. If any national newspaper would publish it, they may. This hideous movement needs to be exposed to the largest possible audience. The 1998 bailout of LTCM (and lack of public disclosure and disgust) led directly to the cornucopia of bailouts throughout 2008-2010 that society still pays for.
You are so right, cut the head from this serpent before it can multiply AGAIN!
With most investors placing their life savings and retirement funds in index funds such as the S&P 500 funds, I can’t help but wonder if many of them are like ticking time bombs for the financial future of ordinary Americans. The insanely flawed decision-making by some of these companies appears to make them assured to lose vast sums of money or just fail and they could take us down with them in our old age. The prospect of being relegated to eating cat food from a tin because an ideological delusion destroyed my retirement income is concerning to say the least. I wonder if there are any funds that specifically exclude these alternative energy boondoggles.
Timely and well done piece.
Another point about nuclear power and its over 90% uptime: Nuclear uptime is usually INDEPENDENT of weather.
A lot downtime at Nuke plants is refueling and maintenance that is SCHEDULED long in advance. This is usually during seasonal low power demand (late spring and early fall).
Yes, occasional unscheduled downtime happens, but the ability regularly plan over the long term is underrated.
Thank you for a marvelous article. However, if nuclear is so safe, why can't they buy liability insurance on the open market?
Instead we get the only Soviet Style institution in America; the Price-Anderson Nuclear Industries Indemnity Act, which is an ongoing taxpayer subsidy since 1957.
When it all collapses, will we agree that it is gone with the wind?
Great article. Have you really patented your "Too Green to Fail" phrase? I want to use it!
Its really unfortunate what has happened and is happening with Germany, its basically national suicide. From top to bottom, the people, corporations and governments have fully bought into the green grift like nowhere else and they have the energy poverty, industrial flight and spiraling debt to prove it. Siemens has been around since 1857 and they bet the company on this garbage, ditching the future with nuclear, i would love to sit in on board meetings to see if they are panicking or if they still think they are on the right path.
Is there a path back, when anyone who pushes back on this agenda is derided as "far right"? If the AFD is the only party of significance willing to push back against this green nonsense what choice to do sane sensible people have but to vote for them?
They can call people racists all they want, but if the choice is to vote for a party that does contain at least some racists, or lose your job and freeze to death in winter, its no choice.
I wonder how its going to go with Sunak and the conservatives in Britain, finally making small sensible sounds on the energy file, i think they are going to have to go all in to survive.