Natural Gas Now Best Picks – July 15, 2023

July 15, 2023
News

Tom Shepstone
Shepstone Management Company, Inc.

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Readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy.

This week: fossil fuel use is growing, renewables require raising the price caps so you pay more, a “Climate Crisis” that is but opportunistic misinformation and more.

Look for these stories below, including links to the original articles!

Don’t Be Fooled: Fossil Fuels Use Is Growing

The corporatists and ideological shills would have us believe green energy is the future but…

China—the world’s largest investor in renewable energy—and India still use coal as the primary source of electricity generation. As these countries add green energy, it will have minimal effect on oil demand, if any at all, the report suggests.

Countries like China and India may have plans to continue adding solar, wind, and other clean energy sources, but economic growth continues to lap up the additions, meaning oil and even coal are unlikely to be displaced anytime soon.

As seen in the report’s chart below, as global energy consumption increases—and even as solar, wind and other renewable energy sources increase their share of the total consumption—oil and gas demand continues to increase, with historical demand blips seen courtesy of high prices, not green energy policies.

According to the report, 82% of the energy consumed in 2022 came from fossil fuels, despite the trillions thrown at renewable energy since 2010. For China specifically, the report estimates that it would take China 211 years at the current rate of renewable spending to achieve carbon neutrality. India will take even longer, at more than 400 years.

The truth never matches the propaganda.

Hat Tip: D.S.

Raise the Price Caps So We Can Stick It to Consumers!

This little story tells all about the futility of the green energy scam. The price caps must be continually raised and the subsidies continually increased for it to make any progress at all.

It wasn’t a good day Wednesday for advancing clean-energy goals at the New Jersey Board of Public Utilities.

The state agency rejected proposed solar projects that would have generated more than 300 megawatts of electricity and it postponed action on a much-touted plan to begin electrifying buildings, the second-biggest source of greenhouse gas emissions in New Jersey.

The twin setbacks marked the latest turbulence encountered by the Murphy administration in aggressively pushing its goal to shift to a 100% clean-energy economy, an issue now facing the most sustained opposition of Gov. Phil Murphy’s first six years in office…

BPU staff blamed regulatory uncertainty and cost increases as factors in the solar developers failing to come under the price caps, which have never been made public and kept private even from the developers seeking approval for their projects…

Lyle Rawling, founder and president of Advanced Solar Products in Flemington, called the solicitation a “big setback.’’

It is difficult to assess blame, Rawling said, because of the confidential nature of the price caps. “We don’t know whether the industry blew it or the BPU. We can’t work on the problem until we know where it came from,’’ Rawling said.

Another Tammany Hall ring blame game?

‘It’s absolutely unbelievable. Unless they bother to revise the price caps, why bother? ’ — Fred DeSanti, New Jersey Solar Energy Coalition.

The state’s Energy Master Plan projects solar energy will provide 34% of New Jersey’s electricity by mid-century. The BPU’s goal is to build at least 300 megawatts of new solar power annually. Another 450 megawatts is projected to be built each year from an administrative program run by the agency, which provides fixed incentives paid by ratepayers for different types of solar projects.

Yes, ratepayers, this ripoff is paid for by you; you are paying more so the corporatists behind this travesty can get richer, just like the Tammany Hall ring of yesteryear. And, they want to know your price caps so they can know how much you’ve got that they can steal.

Hat Tip: R.N.

The “Climate Crisis” Is Simply A Case of Opportunistic Misinformation

These are wise words from A Nobel Prize winner in physics just last year.

A Nobel Prize-winning physicist has criticized alarmist climate predictions and said that he does not believe that there is a “climate crisis.”

During his speech at the “Quantum Korea 2023” event, Dr. John Clauser said, “I don’t believe there is a climate crisis,” according to a report by Seoul Economic Daily that has been translated into English by the CO2 Coalition.

Clauser added that “key processes are exaggerated and misunderstood by approximately 200 times” and accused the Intergovernmental Panel on Climate Change (IPCC) of spreading misinformation.

In his keynote speech addressed to young Korean scientists and students, Clauser said that “Misinformation is being spread by those with political and opportunistic motives.”

…Clauser won the Nobel Prize in Physics in 2022, alongside two other scientists, for his work in the field of quantum mechanics. In May 2023, the renowned physicist joined the board of directors of the CO2 Coalition, a scientific organization that highlights the benefits of CO2 for the environment and criticizes alarmist climate models…

Commenting on climate alarmism, Clauser has said that “The popular narrative about climate change reflects a dangerous corruption of science that threatens the world’s economy and the well-being of billions of people.”

“Misguided climate science has metastasized into massive shock-journalistic pseudoscience,” he continued. “In turn, the pseudoscience has become a scapegoat for a wide variety of other unrelated ills. It has been promoted and extended by similarly misguided business marketing agents, politicians, journalists, government agencies, and environmentalists. In my opinion, there is no real climate crisis.”

“There is, however, a very real problem with providing a decent standard of living to the world’s large population and an associated energy crisis. The latter is being unnecessarily exacerbated by what, in my opinion, is incorrect climate science.”

…Clauser has developed climate models that emphasize the impact of cumulus clouds reflecting sunlight, which cover around half of the Earth on average. These clouds reflect around 90% of the sunlight back into space. Sunlight that reaches the earth in areas without clouds evaporates seawater which, in turn, produces cumulus clouds…

These clouds, therefore, act as “a very powerful input-power thermostat” that stabilizes the earth’s surface temperature.

Temperature changes caused by the levels of carbon dioxide in the atmosphere are “nearly two orders of magnitude smaller” than the impact of the cumulus clouds, rendering it negligible by comparison, Clauser argues.

“It should be noted that reports of the Intergovernmental Panel on Climate Change and National Academy of Sciences repeatedly concede that the effects of clouds do indeed represent the greatest uncertainty in their climate predictions,” the CO2 Coalition writes. “But these organizations have made little progress in dealing with these deficiencies.”