Natural Gas Now Best Picks – June 24, 2023
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: global corporatism is about to be unleashed, the Irish want to kill cows to save the planet and a big corporatist may regret not choosing natural gas.
Look for these stories below, including links to the original articles!
What further proof is needed that climate change is a corporatist scam?
After two days of talks overhauling the global financial system to tackle climate change, more than 40 world leaders who assembled in Paris this week made limited progress on reforms that could increase support from rich countries to poor countries facing crises…
The negotiations resulted in an eight-page summary full of dense verbiage, as is the custom in international climate negotiations.
So what did they achieve? For one, there was no shortage of upbeat pronouncements. “A new consensus for people and planet,” said French President Emmanuel Macron. “An important milestone,” said US Treasury Secretary Janet Yellen. “We’ve got the impetus” for change, said Kristalina Georgieva, head of the International Monetary Fund…
Macron addressing World Economic Forum in 2018
Macron raised the prospect of international taxes to help generate the money needed to address global problems. That kind of worldwide taxcould be imposed on shipping, aviation or even financial transactions.
Macron noted the traction building for a tax on carbon emissions from the shipping industry, sharing a list of 22 supportive countries — including Spain, Portugal, Norway and many island countries that would see an increase in cost on their imports as a result.
Thieves! They’re all thieves and climate is but an excuse to rob ratepayers, taxpayers and consumers of all sorts to funnel ever more money to corporatist elites. Natural gas won’t accomplish this, of course. It requires no subsidies, saves money for ordinary folks and rewards private investors willing to take risks. So, it’s anathema to these greedy corporatists. Moreover, a tax on shipping emissions is intended to make it uneconomical to ship our liquified natural gas to Europe and around the world.
Hat Tip: S.H.
Hey, You Irish Blokes, Killing Cows Won’t Save the Planet!
This is somewhat technical article but one hugely important to natural gas. It lays out the fact CH4 (methane or natural gas) does not and cannot have any impact on warming of the planet.
What makes killing cows even more insane is that the political world has taken the word of (UN-IPCC) charlatans who claim methane (cow farts, natural gas) is a “powerful greenhouse gas” that is capable of dramatically warming Earth’s climate…
Methane is not remotely capable of warming Earth’s climate. It is literally “blind” to most wavelengths of IR emitted from Earth’s surface as it attempts to cool.
Yet, here we are, allowing noise media reports to infuse such “climate change” ignorance into every noise report about anything just to keep the narrative alive.
It has reached the point where some “young skulls full of mush” are actually worried about the future of Earth because of the imminent “climate change” catastrophe claimed to be caused humans who eat beef, drink and eat dairy products, use petroleum-fueled transportation for moving people and goods, and get their electricity from petroleum power generation! Insane indeed!
The noise media’s insane proposition is built upon a foundation of ignorance…
CH4 (methane) is completely dominated by water vapor’s ability to “see” and react with IR (infrared) given off by Earth. CH4 is blind to most wavelengths of the IR! CH4 is not a ‘climate change’ force, it is a climate change farce!
And the Irish government wants to kill off 20 percent of its dairy cows to “save the planet”? From what? And what is going to save Ireland from moron politicians?
For atmospheric CO2 the level beyond which incremental increases have little additional impact on atmospheric warming is reached at about 300 ppm in the atmosphere.
The … chart below shows how quickly that point is achieved by CO2 and how rapidly it continues to decline with each additional 20 ppm of CO2 added to the atmosphere:
Early in the Industrial Revolution, the amount an additional 20 ppm CO2 added to the atmosphere would warm Earth’s atmosphere was about 0.02˚C (one tenth of the first level shown in the chart above).
Today if an additional 20 ppm of CO2 were added to the atmosphere the warming created would be less than half what it was in the late 18th century, about 0.0082˚C. This is known as the diminishing effect of adding more CO2 to the atmosphere.
As an atmospheric warming gas, CO2 has basically run its course. If atmospheric CO2 concentration doubled to 840 ppm (most plants evolved at or above that level), that doubling would not significantly impact global climate (and plants would love it, growing more rapidly)…
These observations of the science are confirmed by the recorded evidence (geological) that reveals the average atmospheric CO2 over the past half-billion years has been 2147 ppm.
Today’s atmospheric concentration of CO2 is dramatically below the average and near starvation levels for plants… the same plants that provide a continuous supply of oxygen for all animals to breath!
That recorded evidence also reveals that the correlation between changing atmospheric CO2 and changing global average surface temperature (GAST) is 0.10, i.e., there is no correlation between changing atmospheric CO2 and changing GAST.
No correlation means no causation is possible.
So not only does the “science” conclusively prove that growing atmospheric CO2 is not a meaningful ‘climate change’ force, the recorded evidence (geologic) of the past half billion years confirms it.
The Second Law of Thermodynamics essentially states “heat always moves from hotter objects to colder objects (or “downhill”), unless energy in some form is supplied to reverse the direction of heat flow.” CO2, as a result, has pretty much exhausted any effect it has has had in warming the Earth and CH4 never even had a chance. Natural gas is innocent. You/ve been pounding sand, Bob Howarth.
Hat Tip: R.N.
The winds have apparently shifted direction for corporatists who decided to invest in milking governments for subsidies instead of real industries such as natural gas.
Siemens Energy (ENR1n.DE) warned quality problems at its wind turbine unit would take years to fix, wiping a third off its market value and dealing a heavy blow to one of the biggest suppliers to the world’s expanding renewables business.
The group scrapped its 2023 profit outlook late on Thursday after a review of its Siemens Gamesa wind turbine division exposed deeper-than-expected problems affecting up to 15-30% of the more than 132 gigawatt worth of turbines worldwide. Its total wind capacity is equivalent to around 132 nuclear plants.
Dealing with issues could cost more than 1 billion euros ($1.09 billion), it said, having to fix flaws in rotor blades and bearings that could cause damage ranging from small cracks to component failures that would need to be replaced.
“This is a disappointing and severe setback,” Siemens Gamesa CEO Jochen Eickholt, a Siemens veteran, told journalists on a call.
“I have said several times that there is actually nothing visible at Siemens Gamesa that I have not seen elsewhere. But I have to tell you that I would not say that again today.”
Siemens Energy shares closed down 37.3%, their biggest price plunge since the group was spun off from Siemens (SIEGn.DE) and separately listed in 2020.
I’m not shedding any tears. How about you? And, of course, there’s this:
Source: PowerLine
Hat Tip: D.B. & S.W.
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