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re: Op/Ed by U of CA Professor: Expect financial fallout when the fossil fuel bubble bursts
Posted on 4/16/24 at 4:08 pm to SteelerBravesDawg
Posted on 4/16/24 at 4:08 pm to SteelerBravesDawg
Don't fight the Fed (and its constituents). Follow the smart money to make money (something that took me almost 20 years to understand).
Just look at assets across the board - everything is inflated. Cars - check. Food - check. Housing - check...check. Has to come down someday...and when it finally unwinds it's going to be ugly.
When the Feds want you to purchase Treasuries they will short the market. And time is ticking...
Just look at assets across the board - everything is inflated. Cars - check. Food - check. Housing - check...check. Has to come down someday...and when it finally unwinds it's going to be ugly.
When the Feds want you to purchase Treasuries they will short the market. And time is ticking...
This post was edited on 4/16/24 at 4:14 pm
0
Posted on 4/16/24 at 4:12 pm to ragincajun03
quote:
Largely as a result, the world is on track for 2.5 to 2.9 degrees Celsius of warming (4.5 to 5.2 degrees Fahrenheit) — well past the 1.5 degrees Celsius (2.7 degrees Fahrenheit) guardrail. That’s the level at which warming will push the planet past self-reinforcing feedback loops and into tipping points with irreversible and catastrophic effects, which are projected to ultimately alter the climate so significantly it may no longer be habitable for life on Earth — including humans. There are signs this is already starting to happen.
HOL
E
frick!!
Whoever is responsible for this thought is a psychopath.
Posted on 4/16/24 at 4:12 pm to 9Fiddy
quote:
It’s also not that easy to bring a plant online at the flip of a switch. It takes a lot of time
Natural gas fueled turbines can be brought up to cover such demands very quickly. Clean, reliable, and can generate more power, more reliably, and in a vaster smaller footprint than any PV installation.
quote:
That’s why the real answer is customer distributed generation like home or community solar, along with battery storage to eliminate the use it or lose it aspect,
Except for high cost, poor reliability, poor efficiency, poor resiliency, etc.
Posted on 4/16/24 at 4:13 pm to Jones
quote:
What percentage for each?
That kind of depends, doesn't it? I wouldn't recommend solar in higher latitudes, and I wouldn't recommend hydroelectric where there's no water.
I've got a friend who has a farm with a windmill, solar panels, a diesel generator, and he's connected to the local electrical co-op grid (which probably uses a combination of coal, natural gas and nuclear). He can use any of them to operate a pump to bring up well water. He'll even use a mule for traction occasionally. He's not one of these energy freaks that thinks it all has to be hydrocarbons/nuclear, or it all has to be wind/solar. He prefers the robustness and flexibility of redundancy.
Posted on 4/16/24 at 4:14 pm to ragincajun03
I picture this guy being like the stupid professor in Back to School.
Posted on 4/16/24 at 4:14 pm to TROLA
Hopefully, the heating climate will reduce the world’s population and take some of them out.
Posted on 4/16/24 at 4:20 pm to TxTiger82
quote:
If you say you value these things, but retch at the thought of renewable energy, perhaps you've been victimized by the...fossil-fuel-funded propaganda machine.
That's what it often seems like to me. People always seem to have to take sides, and then they wrap their identities all up in their choices. A lot of baws are so against electrical motors for transportation, yet the bulk of our rail transport has been done with electrical traction for the better part of the last 75 years.
I heard the other day that Americans are FAR more likely to change religions than political parties. That kind of shows how intractable partisanship is.
Posted on 4/16/24 at 4:22 pm to ragincajun03
quote:
Stacy Swann is the Founder of Resilient Earth Capital, and former CEO of Climate Finance Advisors, a B-Corp LLC based in Washington, DC. She has more than twenty-five years’ experience in project finance, investment, climate change and climate investments, and sustainability. As CEO and Founder of Climate Finance Advisors, she led the firm through its early establishment, achieving more than 100% average annual growth since its founding in 2015, and in 2022 she shepherded the firm through a successful acquisition and completed its integration in 2023.
A mini al gore this one.
Posted on 4/16/24 at 4:25 pm to ragincajun03
Blah blah blah
Posted on 4/16/24 at 4:27 pm to Privateer 2007
quote:
I picture this guy being like the stupid professor in Back to School.
Both of the the contributors in that opinion piece are literal climate change grifters. They both are rich off of pushing this bullshite and receive money from the government and God knows who else every year for their garbage. Swann's bio is especially juicy. Check out some of the groups she's linked to. All you ever have to do is follow the money.
Durwood Zaelke
quote:
Durwood Zaelke is founder and President of the Institute for Governance & Sustainable Development (IGSD) in Washington, DC, and Paris, where he focuses on fast mitigation strategies to protect the climate, including reducing short-lived climate pollutants (HFCs, black carbon, methane, and tropospheric ozone), in the context of the need for speed to limit anthropogenic warming to 1.5°C.
quote:
IGSD has received over $6.2 million in grants from the U.S. government since 2008. The grants have come mostly from the Environmental Protection Agency (EPA) and the Department of Commerce.
Stacy Swann
quote:
Stacy Swann is CEO and founding partner of Climate Finance Advisors, a benefit LLC based in Washington, D.C. She has more than 25 years of experience in project finance, investment, climate change and sustainability. Her key experience includes transaction structuring, blended finance, impact investment and fund management, as well as advising on financial policy and regulations that underpin and accelerate net-zero, climate-resilient investment. As CEO and founder of Climate Finance Advisors, she led the firm through its early establishment, achieving more than 100% average annual growth since its founding in 2015, and in 2022 she shepherded the firm through a successful acquisition. During her career, Swann has held senior and executive positions with the private-sector arm of the World Bank Group, the International Finance Corporation, the U.S. Department of Treasury, Enron Corporation and other organizations. More recently, she has worked with impact investors, financial institutions, corporations and policymakers on issues at the nexus of climate change and investment. In addition to leading Climate Finance Advisors, Swann serves on several boards, including the Montgomery County Green Bank, where she is a board director and chair of its Investment Committee. She is also a board member of the Global Water Partnership, a global action network of more than 3,000 partner bodies in 179 countries focused on building sustainable water systems.
Posted on 4/16/24 at 4:30 pm to AmishSamurai
quote:
Nuclear energy EROI is far greater than every other power source we can produce, no matter the location.
Tell that to the Japanese, Mr. "Samurai".
quote:
Go learn about nuclear fission
I am arguing FOR nuclear power generation, a-hole.
quote:
all the other green energy ideas are poppycock
Wrong again.
Just you referring to "green energy" exposes your bias.
Posted on 4/16/24 at 4:32 pm to Corinthians420
quote:
I'll vote for the libertarian party that isn't pushing either
Posted on 4/16/24 at 4:47 pm to ragincajun03
A real life propaganda “study”. University will tell you anything you want for grant money.
Posted on 4/16/24 at 5:57 pm to jscrims
quote:
Texas can’t keep their AC turned on in a heat wave ….
sarcasm?
as someone who lived in Texas last summer and the previous 14 summers, i don’t remember this being a problem. In fact, in my area last year we had 23 straight 100+ degree days. Many of which topped out at 108/109. never lost power.
This post was edited on 4/16/24 at 6:04 pm
Posted on 4/16/24 at 6:23 pm to ragincajun03
That's stupid. The overvalued upstream O&G bubble burst during covid. And i don't seem the capital markets going back there for a long time.
Posted on 4/16/24 at 6:27 pm to Clames
quote:
Except for high cost,
Yes, building power plants isn't cheap.
quote:false
poor reliability
quote:false but i enjoy it when you try to use capacity factor like it matters.
poor efficiency
quote:false
poor resiliency
STFUPosted on 4/16/24 at 9:25 pm to MightyYat
quote:
Stacy Swann
That pic of her looks like an AI image
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