The population of the world is 8 billion. Corporate America and politicians encourage an economic model based on consumer growth. Pretty clear we are on a path of scarce resources and a battle for what remains. I find the solar, wind, and EVs farts in the wind.
The population of the world is 8 billion. Corporate America and politicians encourage an economic model based on consumer growth. Pretty clear we are on a path of scarce resources and a battle for what remains. I find the solar, wind, and EVs farts in the wind.
You point out we are on a path to scarce resources, then in the next sentence you poo poo renewable resources. Do you think before you post?
The population of the world is 8 billion. Corporate America and politicians encourage an economic model based on consumer growth. Pretty clear we are on a path of scarce resources and a battle for what remains. I find the solar, wind, and EVs farts in the wind.
From the Union of Concerned Scientists:
"A fundamental shift in the way we generate electricity is now underway in the United States. Renewable energy is on the rise, while overreliance on coal is on the decline:
* Wind energy provided 31 percent of new U.S. electricity generating capacity from 2009-2013. * Solar accounted for an average of 16 percent of new electricity generating capacity installed annually in the U.S. from 2010-2013, and nearly 30 percent in 2013 alone. * Nine states produced more than 10 percent of their electricity from wind energy alone at the end of 2013, with wind generating over 15 percent of power in six states, and more than 25 percent in two states."
In terms on how big an impact these energy sources may have:
"Expert analysis also shows that individual states can achieve high levels of renewable energy reliably For example: * California: A 2014 study concluded that “it is technically feasible to integrate 40 to 50 percent renewables” in California by 2030, with technical input from CAISO. * Michigan: Recent studies by the Michigan Public Service Commission and UCS found Michigan can achieve or exceed 30 percent renewable energy by 2030. * Minnesota: Analyses by UCS and the Minnesota Department of Commerce, the latter in partnership with MISO, show the Minnesota can do 40 percent by 2030. * Texas: A 2008 ERCOT study found that operational issues posed by 23 percent wind capacity in Texas “can be addressed by existing technology and operational attention, without requiring any radical alteration of operations.”"
And these figures were from 2015, so I might expect that projections are even better today with advances in technology
The population of the world is 8 billion. Corporate America and politicians encourage an economic model based on consumer growth. Pretty clear we are on a path of scarce resources and a battle for what remains. I find the solar, wind, and EVs farts in the wind.
Or if that group isn't far enough right for you to abandon your flatulence position:
Solar and wind energy have the potential to meet global electricity demand 100 times over, and the costs of these renewables are dropping so quickly that fossil fuels could be pushed out of electricity generation altogether b...
I wonder how “renewables” are working in Buffalo today?
I suspect wind energy generation is doing quite well. And since they are being affected by bands of lake-effect snow, solar is likely contributing a sizable chunk.
Explain to me how the depleted batteries and carcasses of EVs are renewable.
Go Gisele and SBF!
Governments are inching toward requiring some level of recycling for the EV batteries. China has already instituted some rules. The EU was expected to institute its first rules last year, The US has yet to begin phasing in such rules, but California, the nations largest EV market, is working on just such a set of rules. And apparently some EV Battery recycling is happening around the US currently, though not nearly enough.
Falling dollar and interest rates boosting EM CEFs. The discount to NAV for EMD has fallen under -10%, while FAX remains close to historic lows at around-17%. Yield on FAX 13+%. I am still reinvesting dividends, but may reconsider if the discount to NAV on EMD continues to narrow. I suspect this will not be the case, and general market conditions reverse in coming weeks to the downside for EM CEFs with dollar strength and yields up.
Bitcoin $15,924….still down 16% since December 15, 2017…..
unfortunately, the downturn in this epic energy sucking catastrophe will have little impact on all the energy being allocated for its continued existence. I had hoped that it would free up some of the large amounts of energy it uses, but apparently not. Once it's here, it still takes a lot of energy to sustain it. Bummer.
Bitcoin $15,924….still down 16% since December 15, 2017…..
unfortunately, the downturn in this epic energy sucking catastrophe will have little impact on all the energy being allocated for its continued existence. I had hoped that it would free up some of the large amounts of energy it uses, but apparently not. Once it's here, it still takes a lot of energy to sustain it. Bummer.
Crazier things have happened. I think it get zeroed out over time.
I checked to see if Tesla ever went ahead with their plans to accept bitcoin as payment for one of their cars. It just so happened that Elon scrapped the idea shortly after announcing it over concerns for how much energy goes into producing it.
That;s a good point, really. Some people buy a Tesla to limit the environmental impacts, but to then turn around and endorse and promote the use of something which flies in the face of that? Good move on his part, imo.
“FTX new CEO reports the state of the company's financial management is worse than Enron.
Yet, hundreds of thousands—possibly more than a million—clients were willing to pour money into the exchange. Some put most of their entire net worth. Institutional investors put in much more. Sequoia Capital, for example, famously put $210 million into FTX. "Due diligence" involved a "last-minute Zoom call" with Bankman-Fried during which he played video games. That money is now all "missing."
Why were so many willing to so carelessly hand over much of their life savings to an operation run by a man-child in short pants who was essentially accountable to no one? The answer lies in the fact that when we mix speculative manias with decades of central-bank-fueled easy money, we end up with a world in which FOMO and a desperate search for yield leads to disaster. The FTX implosion is exactly what we should expect to see as our decade-old bubble economy comes to grips with rising interest rates, a slow-down in easy money, and a looming recession. “