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#Post#: 2658--------------------------------------------------
Re: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!
By: AGelbert Date: February 9, 2015, 1:17 pm
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Stockholm Power Goes Green as Biomass Ousts Coal
HTML http://www.pic4ever.com/images/maniac.gif
Jesper Starn, Bloomberg
February 09, 2015
Stockholm, Sweden -- For a lesson in global energy history, look
no further than Stockholm’s oldest power plant. Since 1903,
Fortum Oyj’s Vaerta harbor site has generated power using coal,
oil, natural gas and even considered nuclear. Now it’s phasing
out the last coal furnace and replacing it with the world’s
largest combined heat and power generator that will burn just
wood chips and timber scraps by next year.
“It’s like looking at the growth rings of Swedish energy
policy,” Ulf Wikstroem, an environmental manager at Fortum, said
by phone Jan. 13 from Stockholm. “We plan to have the whole
plant running on biomass by 2030 at the latest.”
Fortum’s $530 million project is part of the region’s push
toward green energy. Biomass, which can include everything from
waste and residue from wood to leftover food and cow dung, is
poised to supplant fossil fuels as early as 2018, according to
Markedskraft ASA, an energy adviser in Arendal, Norway.
Denmark’s Dong Energy A/S is switching half of its coal
generators to biomass by 2020. Sweden’s Vattenfall AB is also
increasing biomass use, while limiting output at fossil-fuel
units, the main source of global carbon-dioxide emissions.
While not the cleanest form of energy, burning wood has little
impact on the climate because it has already soaked up from the
atmosphere during its lifetime as much carbon dioxide as it
releases as a fuel.
Sweden, the Nordic region’s biggest economy, surpassed its 2020
European Union target of 49 percent renewable energy in 2012.
The share will reach 57 percent by 2030 with current policies,
according to the Swedish Energy Agency.
Global Push
HTML http://www.pic4ever.com/images/cowboypistol.gif
The EU’s target is 20 percent renewable energy by 2020, from 14
percent in 2012. In the U.S., President Barack Obama has ordered
the federal government to get 10 percent of its energy from
renewables this year. China, the world’s biggest energy user,
plans to generate 15 percent of its needs from non-fossil
sources by 2020.
Envoys from 190 nations will meet at United Nations- sponsored
talks in Paris in December to draw up carbon-dioxide emission
limits. The current goal calls for policy makers to keep global
warming increases to 2 degrees Celsius (3.6 degrees Fahrenheit)
by the end of the century.
Across Sweden, facilities burning biomass to generate
electricity increased 26 percent since 2009 to 201, according to
a report in September by Svebio, a Stockholm-based group
lobbying for biomass. Output was 10.4 terawatt-hours in 2013,
according to Entso-E, a regional grid lobby group. That compares
with 9.2 terawatt-hours of electricity from Oskarshamn-3, the
nation’s biggest reactor, last year.
As much as 6 percent of the Nordic region’s power was generated
by burning biomass in 2013, compared with 3 percent in Europe,
Entso-E data show.
Dong, based in Copenhagen, plans to boost biofuel use at 10
power plants to 50 percent in the next five years, from 18
percent now, said Jens Price Wolf, the director of asset
management for the utility’s thermal units.
Vattenfall has sold two of its three Danish coal-fired plants
“and is looking to divest the last one,” Chief Executive Officer
Magnus Hall told reporters and analysts on Thursday. The company
also has plans to convert the 610-megawatt coal- and oil-fired
plant to run on biomass, according to its website.
When Finland’s 1,600-megawatt Olkiluoto-3 nuclear reactor starts
in about four years, most of the Nordic fossil-fuel generators
will be too expensive, according to Olav Botnen, an analyst at
Markedskraft. This means power output from burning biomass will
surpass coal for the first time, he said.
Rainy Morning
Amid the smell of wood chips on a rainy December morning, the
rounded exterior of Fortum’s new boiler sits under towers of
scaffolding. It stands in contrast to the 28-acre (11.5-hectare)
site’s older, high-ceilinged brick structures, with tiled walls
and ornamental cast-iron railings.
“The new plant has a more ambitious form, with a proper outside
and not just a concrete box,” Anders Johnson, an industrial
economist and author of Norra Djurgaardsstaden, a history of the
area, said in a Jan. 27 interview. It’s a step back to the
designs of public buildings a century ago, he said.
The 330-megawatt Austrian-made boiler adds to Vaerta’s
production capacity that includes oil and biofuel-fed burners,
as well as one of Sweden’s last coal-fired generators, modified
in 2010 to run partly on olive pits.
HTML http://www.runemasterstudios.com/graemlins/images/2thumbs.gif
The complex will generate enough heat to warm 30 percent of
Stockholm’s 900,000 homes as well as meet as much as 8 percent
of the city’s electricity consumption, according to data from
Fortum and Statistics Sweden.
The city, which controls 49.5 percent of the site, wants
Vaerta’s coal plant shut before the end of the decade and
replaced with the new boiler, according to Katarina Luhr, the
vice mayor overseeing environmental issues. Burning biomass will
help the Nordic area’s biggest metropolis meet its goal to be
fossil-fuel free by 2040, she said.
“It’s unacceptable having a coal plant in the city of
Stockholm,” Luhr said in a Jan. 23 interview. “It’s important
for our brand to show other cities we can do this. We have been
able to do it, you can also do it.”
HTML http://www.pic4ever.com/images/47b20s0.gif
Copyright 2015 Bloomberg
HTML http://www.renewableenergyworld.com/rea/news/article/2015/02/stockholm-power-goes-green-as-biomass-ousts-coal#comment-139796
HTML http://www.renewableenergyworld.com/rea/news/article/2015/02/stockholm-power-goes-green-as-biomass-ousts-coal#comment-139796
A. G. Gelbert
February 9, 2015
Excellent! Any nail in the fossil fuel coffin is a step towards
recovering civilizational sanity.
Move over, fossil fuels, BIOMASS is going to industrially EAT
YOUR LUNCH (and profits too! ;D).
[img width=740
height=480]
HTML http://www.biopad.eu/wp-content/uploads/Refining_pyro3new.jpg[/img]
Understanding selected biomass sources: BioPAD
[img width=740
height=300]
HTML http://www.btgworld.com/media/cms_block/rtd-technologies-biofuels-2.1.jpg[/img]
Pyrolisis oil refining adjustments affect properties of the
final product. [img width=75
height=50]
HTML http://www.pic4ever.com/images/reading.gif[/img]
January 16, 2014/in Refining Wood /by BioPad01
Pyrolysis Oil
Pyrolysis or dry distillation is process where wood, or other
biomass that includes carbon, is heated to a high temperature
without oxygen in order to make the biomass decompose into
different fractions. Typically the final product conducts
carbon, different tars, fenols and acids. The common name for
liquid fuel produced by pyrolysis process is pyrolysis oil.
Pyrolysis oil is flammable liquid with a complex chemical
composition. Pyrolysis oil can be used for replacing fossil
fuels and as a raw material in different chemical processes. The
pyrolysis process can be modified and adjusted by changing the
reaction pressure, temperature and time. All these adjustments
affect properties of the final product.
Rapeseed Oil Production
Pre-treatment, Dehulling, Oil Extraction
A prepress processing steps include:
1. Seed cleaning
2. Preconditioning
3. Flaking
4. Cooking
5. Screw pressing
6. Solvent extraction
7. Desolventizing
8. Distillation
9. Degumming
Oil Purification
1. Degumming
2. Neutralization
3. Drying
4. Bleaching
HTML http://www.biopad.eu/?Sections=refining
HTML http://www.biopad.eu/?Sections=refining
#Post#: 2776--------------------------------------------------
Re: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!
By: AGelbert Date: March 3, 2015, 6:36 pm
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HTML http://www.eia.gov/petroleum/weekly/images/crstusm.gif
[move]Demand Destruction PLUS Demand Rejection equals future
BANKRUPTCY for the Fossil Fuel Planet Polluting Criminals!
HTML http://www.runemasterstudios.com/graemlins/images/2thumbs.gif
[/move]
[center]
HTML http://www.pic4ever.com/images/looksmiley.gif
[/center]
Please bear in mind that the FORMULA used to determine the
AMOUNT of oil we NEED per day is flawed BECAUSE that amount is
shrinking DAILY by tiny amounts due to Renewable Energy input.
HTML http://www.createaforum.com/gallery/renewablerevolution/3-200714191258.bmp<br
/>
When they finally get around to plugging in the new numbers,
that 460 day max scale on the chart will have to be DOUBLED! 8)
#Post#: 2922--------------------------------------------------
Re: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!
By: AGelbert Date: April 4, 2015, 10:16 pm
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[quote author=Guest link=topic=4546.msg72167#msg72167
date=1428150115]
[html]<p    style="text-align:  
 right;"><em>From    the    keyboard  
 of    Thomas  
 Lewis</em> <em>Like    us    on
   <a  
 href="
HTML https://www.facebook.com/DoomsteadDiner">Facebook</a></em> <em>Follow<br
/>   us    on    Twitter    <a
 
 href="
HTML https://twitter.com/Doomstead666">@Doomstead666</a></em></p> <h1<br
/>   style="text-align:  
 right;"></h1> <div> <div  
 id="attachment_21156"    style="width:  
 650px"    class="wp-caption  
 aligncenter"><a  
 href="
HTML http://www.doomsteaddiner.net/blog/wp-content/uploads/2015/03/Coal-train.jpg"><img<br
/>   class="size-full    wp-image-21156"  
 src="
HTML http://www.doomsteaddiner.net/blog/wp-content/uploads/2015/03/Coal-train.jpg"<br
/>   alt="A    coal    train  
 once    supplied    the    city
   of    Holland,    Michigan  
 with    fuel    for    its  
 electric    generating    plant.  
 They    converted    the    plant
   to    natural    gas.  
 Their    costs    are    down,
   their    emissions    are  
 down,    and    coal    is  
 down    for    the    count.  
 (Photo    by    wsilver/Flickr)"  
 width="640"    height="426"    /></a><p
   class="wp-caption-text">A    coal  
 train    once    supplied    the
   city    of    Holland,  
 Michigan    with    fuel    for
   its    electric    generating  
 plant.    They    converted    the
   plant    to    natural  
 gas.    Their    costs    are  
 down,    their    emissions    are
   down,    and    coal    is
   down    for    the    count.
   (Photo    by  
 wsilver/Flickr)</p></div> </div> <div></div> <d
iv> <div> <p
   style="text-align:    center;">First  
 published    at    <a  
 href="
HTML http://www.dailyimpact.net/2015/03/26/old-king-coal-stricken-prognosis-grave/">The<br
/>   Daily    Impact    </a>  
 March    27,    2015</p> <p>After  
 bestriding    the    mountains  
 of    Appalachia,    among    many
   other    places,    like  
 the    proverbial    Colossus  
 for    a    century    and  
 more,    the    U.S.    coal  
 industry    has    been    taken
   to    hospice,    a  
 pathetic    wasted    shadow    of
   its    former    self,    its
   physical    condition    terminal,
   its    thought    processes  
 derailed    by    dementia.    It’s
   not    a    pretty    sight
   (except    perhaps    to  
 the    survivors    of    the  
 ruin,    destruction    and  
 death    it    has    brought  
 to    thousands    upon  
 thousands    of    helpless  
 people)    and    there    are
   those    who    say    its
   fate    foreshadows    that  
 of    the    oil    fracking  
     industry,    which    is  
 now    in    the    ICU,  
 and    the    legacy    oil  
 bidness,    which    has    started
   to    have    dizzy    spells
   and    occasional    sudden  
 hemorrhaging.<span  
 id="more-2797"></span></p> <p>A    report  
 out    this    week    from  
 the    think    tank    Carbon
   Tracker,    titled    “The  
 U.S.    Coal    Crash,”    itemizes
   the    problems    listed  
 on    the    patient’s  
 chart:</p> <ul> <li>26    coal  
 companies    bankrupt    in    the
   last    three  
 years;</li> <li>Peabody    Energy  
 Corp.,    the    world’s    largest
   private    coal    company,  
 <a  
 href="
HTML http://www.rtcc.org/2015/03/24/us-coal-crash-serves-as-a-warning-to-fossil-fuel-investors/">has<br
/>   lost    80%    of    its
   share    value</a>,    and  
 that    is    representative    of
   the    industry    as    a
   whole    (or    as    a  
 hole);</li> <li><a  
 href="
HTML http://www.theguardian.com/environment/2015/mar/24/us-coal-sector-in-terminal-decline-financial-analysts-say">264<br
/>   mines    were    closed    
in
   just    two    years</a>    —
   2011-2013.</li> <li>The    last  
 best    hope    for    coal,  
 China,    which    burns    more
   than    the    rest    of
   the    world    combined,  
 has    rendered    much    of  
 its    territory    including  
 its    capital    virtually  
 uninhabitable    because    of  
 the    resulting    air  
 pollution,    and    is    cutting
   back.    A    little.    Down
   3%    last  
 year.</li> </ul> <p>Oh,    and  
 the    dementia    part?    Peabody
   Energy    issued    a  
 “forecast”    this    year  
 “foreseeing”    <a  
 href="
HTML http://www.bloomberg.com/news/articles/2015-03-24/u-s-coal-fall-off-seen-foreshadowing-fossil-fuel-pain">increased<br
/>   coal    demand    of    10-
30
   million    tons</a>,    and  
 global    demand    increasing  
 by    500    million    tons.  
 Not    only    that,    but  
 the    industry    professes    to
   believe    in    “clean”  
 coal,    and    that    its  
 woes    are    caused    entirely
   by    President    Obama’s  
 “war    on    coal.”    It’s  
 sad,    really,    next    we’ll
   find    them    wandering  
 in    the    WalMart    parking
   lot,    unable    to  
 remember    where    they    put
   their    car.</p> <p>What    the
   industry    calls    the  
 “war    on    coal”    —  
 the    U.S.    government’s  
 limp-wristed    efforts    to  
 reduce    air    pollution  
 before    it    a)    boils  
 the    planet    and    b)  
 makes    all    the    monuments
   in    Washington    invisible,  
 like    the    skyline    of  
 Beijing    —    is    not  
 the    primary    cause    of  
 the    industry’s    demise.  
 That    mortal    wound    was
   delivered    by    the  
 natural    gas    frackers,    who
   in    2008    began    to
   flood    the    market  
 with    cheap,    fracked    gas
   and    inspired    every  
 electric    generating    plant  
 that    could    do    it  
 to    convert    to    burning
   gas    instead    of  
 coal.</p> <p>There    went    coal’s
   last    reliable    market,  
 and    that    is    why  
 the    doctors    expect    to
   see    a    flat    line
   on    the    monitor    any
   day    now.    Incidentally,  
 the    gas    frackers    did  
 so    well    at    driving  
 down    the    price    of  
 their    product    that    many
   of    them    went    under,
   too,    and    the    rest
   are    hanging    on    with
   teeth    and    fingernails.  
 You    can’t    get    poetic  
 justice    to    rhyme    any  
 better    than    that.</p> <p>You’ve
   heard    of    those  
 people    who    get    diagnosed
   as    terminal,    check  
 into    hospice,    and    five
   years    later    get  
 kicked    out    because    they
   refuse    to    die?    Coal
   will    probably    be  
 like    that    for    the  
 remainder    of    the  
 Industrial    Age.    It    will
   remain    the    cheapest  
 option    for    some,    and  
 cheap    trumps    everything  
 else    in    our  
 values-deprived    world.    Same  
 with    oil.    It    will  
 endure    long    past    its  
 prime,    in    palliative  
 care.</p> <p>Yes,    the    mighty
   are    falling,    and  
 it’s    hard    not    to  
 gloat,    until    we    remember
   their    ultimate    justification:
   they    were    only  
 giving    us    what    we  
 wanted.</p> </div> <p>    </p> <hr
   /> <p><img    class="alignleft"  
 src="
HTML http://www.thomasalewis.com/Images/TL%20Portrait%20110109.jpg"<br
/>   alt=""    width="78"    height="98"
   /></p> <p>    </p> <p>Thomas  
 Lewis    is    a    nationally
   recognized    and    reviewed  
 author    of    six    books,  
 a    broadcaster,    public  
 speaker    and    advocate    of
   sustainable    living.    He  
 also    is    Editor    of  
 <a  
 href="
HTML http://www.thomasalewis.com/www.dailyimpact.net">The<br
/>   Daily    Impact</a>    website, 
2;
 and    former    artist-in-residence  
 at    Frostburg    State  
 University.    He    has    written
   several    books    about  
 collapse    issues,    including  
 <em>Brace    for    Impact</em>  
 and    <em>Tribulation</em>.    Learn  
 more    about    them    <a  
 href="
HTML http://www.dailyimpact.net/about-brace-for-impact/">here</a>.</p> <p><br
/>   </p> <p>    </p> </div> [/html]
[/quote]
[quote]Yes, the mighty are falling
HTML http://www.runemasterstudios.com/graemlins/images/2thumbs.gif,<br
/>and it’s hard not to gloat
HTML http://www.desismileys.com/smileys/desismileys_0293.gif,
until
we remember their ultimate justification: they were only giving
us what we wanted.
HTML http://www.desismileys.com/smileys/desismileys_2932.gif
[/quote]
It's ABOUT TIME the coal pollution stopped! And they gave us
anything but respiratory diseases and cancer for "cheap" energy
that cost us our health. That is NOT what we wanted. They LIED.
They were giving us what THEY WANTED FROM US, not what we
wanted.
I just went through that in another article on Electrical
monopolies. The coal corporations, like ALL fossil fuel
industries, NEVER were about giving us ANYTHING but just enough
addiction to be able to jack up the price with "resource" wars
and "international instability" BALONEY.
I commented the following after this article:
Electricity’s Un-Natural Monopoly
John Farrell
April 02, 2015
HTML http://www.renewableenergyworld.com/rea/blog/post/2015/04/electricitys-un-natural-monopoly
Excellent summary of the situation and proper analysis of the
most reasonable way forward. I agree with you 100%.
But you left out the profit over planet agenda that has existed
in this country for over a century. This agenda was based on the
centralized power (both of energy AND political) "business
model" based on fossil fuels.
Yes, the hydropower option was a function of the logical natural
monopoly a utility should provide. In fact, by the early 1940's
the electrical power percentage provided by hydropower was
nearly 40%. That figure (yes, I know the grid has grown
enormously - that was not a valid excuse for adding more dirty
energy instead of renewable energy) has never been surpassed.
The bottom line is that the fossil fuel industry (coal, oil and
gas) and the nuclear power industry obtained both visible and
invisible "subsidies" that, when actually figured into the cost
of providing electrical power to we-the-people, never were cost
effective or natural monopolies.
If that had been the case, the massive subsidies, without even
beginning to figure in the externalized GDP costs for health
care (days absent from work, respiratory diseases, etc.) and
deleterious biosphere impact, would not have been necessary when
those technologies matured (after the 1930s for fossil fuels and
after the 1970s for nuclear power).
But the taxpayer massive giveaways to these dirty energy welfare
queens continue to this day. From Cleveland's electrical wind
turbines put up in the late NINETEENTH century being taken down
to the sabotage and burning of the Chemurgy refinery (plant
carbohydrates to hydrocarbons for fuels, plastics,
pharmaceuticals and textiles were a threat to the fossil fuel
oligarchs) in the 1930s to the 1950s refusal to fund PV research
and development until they needed electrical energy in space
(and then only in limited fashion DESPITE recommendations AT
THAT TIME by a Congressional committee to develop solar energy)
to NASA's 1970s foiled attempts to power electrical utility
unserved Native American settlements with solar power because
the utilities didn't like the idea (worried it would force them
to lower their rates) of solar power (despite claiming it wasn't
"cost effective" to send power cables that way), it has been
corruption and skullduggery in government circles to the
detriment of the American public.
Then came Ronal Reagan with his single handed destruction of
Wind and solar power subsidies along with a war over 25 years
ago that cost the U.S. public over $400 a barrel of oil in
subsides.
For those who think that s hyperbole, read the following:
The following quote from a peer reviewed book is of extreme
importance to all Americans:
Dilworth (2010-03-12). Too Smart for our Own Good (pp. 399-400).
Cambridge University Press. Kindle Edition.
"As suggested earlier, war, for example, which represents a cost
for society, is a source of profit to capitalists. In this way
we can partly understand e.g. the American military expenditures
in the Persian Gulf area. Already before the first Gulf War,
i.e. in 1985, the United States spent $47 billion projecting
power into the region. If seen as being spent to obtain Gulf
oil, It AMOUNTED TO $468 PER BARREL, or 18 TIMES the $27 or so
that at that time was paid for the oil itself.
In fact, if Americans had spent as much to make buildings
heat-tight as they spent in ONE YEAR at the end of the 1980s on
the military forces meant to protect the Middle Eastern oil
fields, THEY COULD HAVE ELIMINATED THE NEED TO IMPORT OIL from
the Middle East.
So why have they not done so? Because, while the $468 per barrel
may be seen as being a cost the American taxpayers had to bear,
and a negative social effect those living in the Gulf area had
to bear, it meant only profits for American capitalists. "
Note: I added the bold caps emphasis on the barrel of oil price,
money spent in one year and the need to import oil from the
Middle East.
This totally unjustified profit, never mind the needless lose of
lives, then increases the power of the fossil fuel corporations
to perpetuate a biosphere harming dirty fuel status quo. How? By
"funding" politicians with rather large "donations" to keep
renewable energy from competing with dirty energy.
There's more. It continues to this day.
Fossil fuels and nuclear power, when all the costs are computed,
were never cost effective. They were never natural monopolies
either. What they were, and continue to be, is a source of
centralized political power and profit.
John, they are not going to give up that undemocratic power that
they have stolen from the American public with their "subsidies"
and 24/7 attempt to block distributed renewable energy at every
turn.
In other words, despite the clear logic of everything you said,
those people that profit from the dirty energy industries are
not interested in cost effectiveness. They are interested in
political power. They used (and still use) that power to turn a
level energy playing field into an alpine slope. They sit at the
top rolling bribed political boulders at Renewable energy.
That corruption is what has held Distributed, Democratic
Renewable Energy back for over half a century (at least!) in
this country.
But now, despite all the corruption of the dirty energy
industries, Renewable Energy is so inexpensive for the average
user that centralized power is going the way of the Dodo bird.
Let us hope that centralized dirty energy political power goes
the same way.
#Post#: 2946--------------------------------------------------
Re: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!
By: AGelbert Date: April 9, 2015, 2:04 pm
---------------------------------------------------------
[img width=640
height=380]
HTML https://cbsnewyork.files.wordpress.com/2011/09/us-airways-flight-15492.jpg?w=420[/img]
The Oil Industry's $26 Billion Life Raft
Bloomberg
Snippet 1
The swift decline in U.S. oil prices -- $107.26 on June 20,
$46.39 seven months later -- caught market participants by
surprise.
Agelbert NOTE: KARMA for MKing's hero, Harold Hamm (the father
of the Fracking monstrocity in the USA).
HTML http://www.pic4ever.com/images/shrk.gif<br
/>
HTML http://www.runemasterstudios.com/graemlins/images/2thumbs.gif
Harold Hamm, the billionaire founder of Continental Resources
Inc., cashed out his company’s protection in October, betting on
a rebound. Instead, crude kept falling.
Agelbert NOTE: See 1980's style GAMING DOWN of crude oil prices
(to sucker the people back into buying "cheap" oil) BACKFIRING
due to MASSIVE demand rejection by a people SICK of the wars,
externalized pollution costs, lies AND Renewable Energy
disruptive (to fossil fuelers but constructive to the biosphere
HTML http://www.createaforum.com/gallery/renewablerevolution/3-200714191258.bmp)<br
/>technologies.
HTML http://www.pic4ever.com/images/47b20s0.gif
Snippet 2
Counterparty Names
HTML http://www.freesmileys.org/smileys/smiley-scared002.gif
Other companies purchased insurance. The fair value of hedges
held by 57 U.S. companies in the Bloomberg Intelligence North
America Independent Explorers and Producers index rose to $26
billion as of Dec. 31, a fivefold increase from the end of
September, according to data compiled by Bloomberg.
Though it’s difficult to determine who will ultimately lose
money on the trades and how much, a handful of drillers do
reveal the names of their counterparties, offering a glimpse of
how the risk of falling oil prices moved through the financial
system. More than a dozen energy companies say they buy hedges
from their lenders, including JPMorgan, Wells Fargo, Citigroup
and Bank of America.
Agelbert NOTE: No wonder politicians are trying to cook up a
war, the banks need ANOTHER excuse to fleece we-the-people in
the service of the fossil fuel welfare queen/polluters.
HTML http://www.createaforum.com/gallery/renewablerevolution/3-200714191329.bmp
Snippet 3
Energy Trading
These aren’t, of course, the kind of figures that would trigger
any sort of systemic-risk concerns. [img width=40
height=40]
HTML http://www.createaforum.com/gallery/renewablerevolution/3-051113192052.png[/img]<br
/>Commodities are generally smaller parts of banks’ businesses
compared with lending and underwriting, and banks hedge their
oil-price risk.
New York-based JPMorgan had $2.57 trillion in assets at the end
of last year compared with net liabilities for commodity
derivatives of $2.3 billion, not including cash from settled
trades and physical commodity assets, according to regulatory
filings. San Francisco-based Wells Fargo had $1.69 trillion in
total assets compared with net commodity liabilities of $241
million.
Agelbert NOTE: The above statement is a large serving of BALONEY
because it says NADA about the TRILLIONS of dollars in
derivatives at risk HELD BY the five big bastard corporations we
know as "banks" that are TOAST without Federal Reserve
Counterfeiting.
It's ALL a part of our Fascist Fossil Fuel Government's mens rea
MO. When they are making money off of us, they scold us about
"fiscal responsibility" and "investing wisely" to the point (see
MKing's prudent, measured, balanced, predatory capitalist
advice. ::) ) of ACCEPTING the consequences of YOUR LOSSES from
"not investing wisely" (i.e. making stupid decisions)
HTML http://www.desismileys.com/smileys/desismileys_6869.gif.
When
they are losing money, they steal what they want from us so they
can claim they are "profitable".
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/>
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Snippet 4
Still, $26 billion is $26 billion.
U.S. oil companies already netted at least $2.4 billion in the
fourth quarter of 2014 on their hedges, according to data
compiled on 57 U.S. companies in the Bloomberg Intelligence
index.
Oil companies would rather be losing money on the trades and
making money selling crude at higher prices, Kilduff said.
“It’s like homeowners’ insurance,” he said. “You don’t buy it
hoping the house burns down.”
HTML http://1.bp.blogspot.com/-TzWpwHzCvCI/T_sBEnhCCpI/AAAAAAAAME8/IsLpuU8HYxc/s1600/nooo-way-smiley.gif
Offset Risk
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The $26 billion of protection won’t last forever. Most hedging
contracts expire this year, according to company reports. Buying
new insurance today means locking in prices below $60 a barrel.
The alternative is following Hamm’s example and having no
cushion if crude keeps falling.
Financial institutions act as a go-between, selling oil
derivatives to one company and buying from another while
pocketing fees and profiting on the spread, said Charles
Peabody, an analyst at Portales Partners LLC in New York. The
question is whether the banks were able to adequately offset
their risk when the market took a nosedive, he said.
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Agelbert NOTE: No it isn't!
“The banks always tell us that they try to lay off the risk,”
Peabody said. “I know from history and practice that it’s great
in concept, but it’s hard to do in reality.”
HTML http://finance.yahoo.com/news/oil-industrys-26-billion-life-065303430.html
Agelbert NOTE: The banks ALWAYS LIE. They are part and parcel of
the fossil fuel industry welfare queen, profit over planet,
fascsist network that BS's us 24/7 while rigging absolutely
everything for their benefit and out detriment.
THAT is why they are scheming to get another war going. The
price drop in crude is driving them up a wall because they
cannot control it like they always have done. We have been here
before, people.
HTML http://www.coh2.org/images/Smileys/huhsign.gif
ALL this happened in the decade from 1980 to 1990. The
difference NOW is that Renewable Energy has not had its TEETH
knocked out by the fossil fuel government(s), despite intense
propaganda and regulatory hurdle skullduggery.
So, YEAH, expect a war. That is their standard backup when all
their other low life tricks do not work. Prison is too good for
these fossil fuel/banking/Federal Reserve hypocritical elite
criminals that claim to operate on a level business playing
field.
Remember folks, the only way the planet wins
HTML http://www.pic4ever.com/images/earthhug.gif
is if the fossil
fuel/banking/Federal Reserve hypocritical elite criminals LOSE!
HTML http://www.smiley-lol.com/smiley/exagerent/police/enprison.gifhttp://www.smiley-lol.com/smiley/exagerent/police/boulet.gif
[move] If the fossil fuel government is not dismantled and
neutered, the biosphere will be destroyed by profit over planet
insanity. Please pass this on. People need to know the truth.
HTML http://www.freesmileys.org/emoticons/emoticon-object-106.gifhttp://www.freesmileys.org/emoticons/tuzki-bunnys/tuzki-bunny-emoticon-028.gif[/move]
#Post#: 2975--------------------------------------------------
Re: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!
By: AGelbert Date: April 15, 2015, 5:12 pm
---------------------------------------------------------
Fossil Fuels Just Lost the Race Against Renewables
HTML http://www.createaforum.com/gallery/renewablerevolution/3-200714183515.bmp
This is the beginning of the end.
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Tom Randall, Bloomberg
April 15, 2015 | 2 Comments
The race for renewable energy has passed a turning point. The
world is now adding more capacity for renewable power each year
than coal, natural gas, and oil combined. And there's no going
back.
The shift occurred in 2013, when the world added 143 gigawatts
of renewable electricity capacity, compared with 141 gigawatts
in new plants that burn fossil fuels, according to an analysis
presented Tuesday at the Bloomberg New Energy Finance annual
summit in New York. The shift will continue to accelerate, and
by 2030 more than four times as much renewable capacity will be
added.
"The electricity system is shifting to clean,'' Michael
Liebreich, founder of BNEF, said in his keynote address.
"Despite the change in oil and gas prices there is going to be a
substantial buildout of renewable energy that is likely to be an
order of magnitude larger than the buildout of coal and gas."
The Beginning of the End
[img width=640
height=380]
HTML http://media.gotraffic.net/images/iGa2kIRA3VCI/v1/-1x-1.png[/img]
Power generation capacity additions (GW). Credit: Bloomberg New
Energy Finance.
The price of wind and solar power continues to plummet, and is
now on par or cheaper than grid electricity in many areas of the
world. Solar, the newest major source of energy in the mix,
makes up less than 1 percent of the electricity market today but
will be the world’s biggest single source by 2050, according to
the International Energy Agency.
The question is no longer if the world will transition to
cleaner energy, but how long it will take. In the chart below,
BNEF forecasts the billions of dollars that need to be invested
each year in order to avoid the most severe consequences of
climate change, represented by a benchmark increase of more than
2 degrees Celsius.
The blue lines are what's needed, in billions; the red lines
show what's actually being spent. Since the financial crisis,
funding has fallen well short of the target, according to BNEF.
Investment Needed to Minimize Climate Change
[img width=640
height=380]
HTML http://media.gotraffic.net/images/iJGDlukAgdAo/v1/-1x-1.png[/img]
Credit: Bloomberg New Energy Finance.
Copyright 2015 Bloomberg
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[center]
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/>[/center]
Brian Donovan
April 15, 2015
Solar is doubling every 2 years. It's far cheaper than fossils
or nuclear even when it's life is incorrectly stated as 20 years
instead of the 30+ years expected. Even the warranties are 25
years or more. at 1% of our electrical now, and doubling every 2
years, it will be over 100% of electrical demand in 14 years.
That's 2029, not 2050.
Offshore wind can also double every 2 years is we stop propping
up fossils and nuclear and put that into wind, solar, wastefuels
and ecars instead.
A fossils tax/fine is a logical, fossils pollute.
But just stopping the gov breaks would do.
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William Freimuth
April 15, 2015
Checkout James Hansen's 'Golden Opportunity' and compare it with
Charles Krauthammer's "Tax gas - a lot". This is the best way to
put a Price on Carbon (pollution). It would transform the
world's fossil fuel addiction and create millions of jobs
leading to the well-being of people and the Planet.
HTML http://www.daily-times.com/farmington-opinion/ci_27333148/commentary-use-cheap-gas-window-levy-revenue-neutral
HTML http://www.daily-times.com/farmington-opinion/ci_27333148/commentary-use-cheap-gas-window-levy-revenue-neutral<br
/>
HTML http://csas.ei.columbia.edu/2015/01/12/golden-opportunity/
HTML http://csas.ei.columbia.edu/2015/01/12/golden-opportunity/
[img
width=75
height=50]
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SNIPPET:
[quote]We can still avoid cataclysmic climate change, keeping
global warming much less than 2°C. However, we need a nation or
state that will showcase an across-the-board rising carbon fee.
The public, including conservatives, will accept a simple,
honest carbon fee if all of the money is distributed to the
public, not one dime to make the government bigger and more
intrusive.
Golden Opportunity.
Current low oil and gas prices present a golden opportunity to
solve the climate problem.
Today we could jump-start a carbon fee at a large rate, say $100
per ton of CO2, collected from fossil fuel companies on the
first sale at domestic mines and ports-of-entry. This initial
fee generates more than $600B per year in the U.S., which should
be 100% distributed electronically (to bank accounts or debit
cards) to all legal residents.
HTML http://www.runemasterstudios.com/graemlins/images/2thumbs.gif
With half a share for children up to two per family, a family of
four or more would receive about $6000/year. Subsequent
increase of the carbon fee would be slow, e.g., $10/ton per
year, to allow people and entrepreneurs time to make changes and
investments, as we move toward carbon-free energies and energy
efficiency.
$100/ton would increase the price of gasoline at the pump about
$1/gallon. However, such a price rise will occur in the near
future anyhow. It is only a matter of whose pocket the added
money will go into: the fossil fuel industry’s pocket or the
public’s pocket.
The ultimate price at the pump will be similar in carbon-fee and
no-carbon-fee cases. In the carbon-fee case, fuel demand falls
over time as fuel use declines, in the U.S. by more than 30% in
10 years and 50% in 20 years. Thus conventional fossil fuels
will suffice to carry us beyond fossil fuels. Expensive
unconventional fossil fuels such as tar sands and deep Arctic
oil would mostly be left in the ground, regardless of pipelines.
Technology development is crucial to move us to a clean energy
future, but it will be rapid only if there is a carbon fee that
entrepreneurs and business people can count on to continue to
rise. Government R&D was once a prime driver of technology
progress, but not today. >:(
I speak from experience and understanding of how government
bureaucracy has grown and now slows technical progress in even
the most “can do” of agencies. Yes, it is worth reforming
present agencies, but primarily so they can facilitate progress
in private enterprise, rather than impede it.[/quote]
HTML http://csas.ei.columbia.edu/2015/01/12/golden-opportunity/
HTML http://csas.ei.columbia.edu/2015/01/12/golden-opportunity/
Agelbert NOTE: I KNOW where a LOT OF MONEY is, that is being
misspent on fossil fuel exploration, that could be used for
Renewable Energy instead ;D.
[img width=640
height=380]
HTML http://www.createaforum.com/gallery/renewablerevolution/3-010914214256.png[/img]
This affront to common decency and the scientific evidence of
the deleterious effects of burning fossil fuels must stop. That
money spent is actually deducted from corporate taxes, adding
insult to biosphere injury.
ADD that exploration money to the fund Hansen's Golden
Opportunity fund wants for distribution directly to
we-the-people and we solve this problem of conscience free
polluters even quicker! And make it illegal to deduct what they
have spent on exploration as well as disallow any tax deduction
for previous exploration too!
IT'S TIME TO STOP THIS INSANE, DESTRUCTIVE GREED-FEST, PEOPLE!
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[center]
[img width=500
height=200]
HTML http://www.freesmileys.org/custom/image/tongue%5E_%5Earial%5E_%5E0%5E_%5E0%5E_%5EBurning<br
/>Fossil Fuels IS SUICIDE%5E_%5E.gif[/img][/center]
#Post#: 2993--------------------------------------------------
Re: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!
By: AGelbert Date: April 18, 2015, 12:23 am
---------------------------------------------------------
Gail Tverberg Article from China
HTML http://www.doomsteaddiner.net/forum/index.php/topic,4617.msg73132.html#msg73132<br
/>
Gail Tverberg said,
[quote]Prof. Lianyong Feng of Petroleum University of China,
Beijing, hired me to put together a short course (eight
sessions, each lasting about 1.5 hours) on the nature of our
current problems for students majoring in “Energy Economics and
Management."[/quote]
Well, thank you Gail, for giving readers an excellent of idea of
where your PRIORITIES have ALWAYS been. ;D
Why do I get the feeling that "OUR" in the "our current
problems" part of your quote MEANS the PETROLEUM INDUSTRY? ;)
Get this, Gail. The COST of those externalities you have never
wanted to add into your computations is PRECISELY what is making
fossil fuels AND nuclear power "inefficient" (i.e. more
expensive to extract form your point of view). All the other
costs you mention are a function of globalizing predatory
capitalist practices that are certainly NOT limited to the
energy industry. They are part of that "race to the bottom"
shafting people all over the world in every business predatory
capitalism has corrupted (most of them) that you have never
showed too much concern for.
So, in reality, financing costs, employment costs, plant and
equipment costs and so on are IRRELEVANT to the LACK of cost
effectiveness of producing dirty energy fuels when you compare
those costs with the environmental push back going on right now.
But I am not surprised that you are silent as a mouse on that
subject. ;) I am also not surprised that you are incapable of
discussing the visible and invisible welfare queen handouts
(subsidies, "depletion" LOL! allowances, etc.) the fossil fuel
industry and nuclear power polluters CONTINUE to rob from the
people while Renewable Energy gets a PITTANCE in comparison.
Gail, what you DON'T say tells more about your bias than what
you DO say.
Dirty energy fuels were NEVER cheap or inexpensive. But the
planetary polluted SEWERS took a century or so to back up while
the profit over planet gravy train lasted.
I realize you will not stop your love affair with "cheap" fossil
fuels until they are below 50% of the energy picture. But it's
coming, dear; MUCH sooner than your actuarial math expects. Make
sure you take a peek at what is happening to battery prices if
you can handle the shock of peer reviewed paper projections of
price drops for 2030 ALREADY HERE in 2016.
And don't forget to add the lawsuits against the fossil fuel
industry and remedy awards for harming the health and stability
of THOUSANDS of species, not just humans, to the COSTS lowering
the "efficiency" of producing dirty energy fuels.
There is NO statute of limitations on the CRIMES your fossil
fuel pals have committed over the last century.
I suggest you start figuring THOSE COSTS to dirty energy
production. Yep, that DOES make them even more "inefficient" to
produce. ;D
It's over for dirty energy. Live with it.
[img width=640
height=380]
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[img width=640
height=380]
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[center]
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#Post#: 3547--------------------------------------------------
Re: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!
By: AGelbert Date: August 3, 2015, 5:52 pm
---------------------------------------------------------
[center][glow=red,2,300]Oil's losing streak at its worst for the
year[/glow] [/center]
[center] [img width=80
height=70]
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/>[/center]
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#Post#: 3559--------------------------------------------------
Re: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!
By: AGelbert Date: August 5, 2015, 2:45 pm
---------------------------------------------------------
[quote]In 2000, Sheikh Ahmed Zaki Yamani, former oil minister of
Saudi Arabia, gave an interview in which he said:
“Thirty years from now there will be a huge amount of oil – and
no buyers. Oil will be left in the ground. The Stone Age came to
an end, not because we had a lack of stones, and the oil age
will come to an end not because we have a lack of oil." [img
width=100
height=60]
HTML http://cliparts.co/cliparts/Big/Egq/BigEgqBMT.png[/img]<br
/>[/quote]
It’s time to take the Clean Energy Would Kill the Economy show
off the air once and for all.
HTML http://renewablerevolution.createaforum.com/renewables/the-big-picture-of-renewable-energy-growth/msg3552/#msg3552
#Post#: 3566--------------------------------------------------
Re: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!
By: AGelbert Date: August 6, 2015, 5:45 pm
---------------------------------------------------------
Posted at a logic challenged site called the Doomstead Diner.
;D
Most Doomstead Diners are locked into an ideological meme lense
through which they view price action in regard to just about
everything that has a price on it. In fact, the "carry capacity"
worshipping segment of this crowd (you know who you are ;))
believe EVERYTHING has a carrying capacity/thermodynamics price
on it. They don't DO ethics or CARING CAPACITY. They consider
that a bit of benny fluff luxury afforded the predators that
want to feel good about themselves, not a sine qua non
requirement to avoid extinction (as I have repeatedly asserted).
Consequently, I mostly avoid banging my head against the
Doomstead Diner Wall present in some threads here.
But today I am in a good mood so I will provide you worthies
with some advice that you can print on your toilet paper to your
peril. ;D
Why are people so ready to accept groundless assertions? For
example, the entire academic community in this country had
essentially written off Irish persecution in the USA as a myth
just because some professor [I]with no real evidence [/I] said
it didn't happen.
And it was so EASILY REFUTED!
Keep questioning authority and orthodoxy about 'fossil fuels as
our savior', thermodynamics, carrying capacity, commodity
prices, 'clean energy will kill the economy', 'Renewable Energy
is not practical due to low energy density', EROI, and
situational ethics.
ALL the above are presented as scientific objective truths when
they are either bold faced lies or cherry picked science leaving
out the entire truth. Know bullshit when you see it. There is
no reason you have to remain loyal to ideology that masquerades
as objective truth.
Yes, of course those that will respond to this will undoubtedly
claim I am the one locked in an ideological straight jacket
denying the "scientific" carrying capacity and energy "truth".
For your sakes, I hope you are right. 8)
Have a nice day.
[quote]"Facts do not cease to exist because they are ignored."
-- Aldous Huxley[/quote]
[quote]"Technical knowledge of Carrying Capacity will not save
us; only a massive increase in Caring Capacity will." -- A. G.
Gelbert[/quote]
[quote]
[I]"We can’t have a healthy business on a sick planet."[/I]--
Ashley Orgain, manager of mission advocacy and outreach for
Seventh Generation, Burlington, Vermont[/quote]
[quote]
[I]"We do not need a 'new' business model for energy because we
never had one. What we need, if we wish to avoid extinction, is
to plug the environmental and equity costs of energy production
and use into our planning and thinking. "[/I] -- A.G.
Gelbert[/quote]
HTML http://www.doomsteaddiner.net/forum/index.php/topic,4539.msg82338.html#msg82338
#Post#: 3569--------------------------------------------------
Re: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!
By: AGelbert Date: August 6, 2015, 10:01 pm
---------------------------------------------------------
[center]For how much longer will frackers be able to goose
production to offset falling revenues?
[img width=640
height=480]
HTML http://2.bp.blogspot.com/-LGaT6TsPZwI/VcOrwLnBJ7I/AAAAAAAAfKI/NeAglq7ShJU/s640/oil.png[/img]
There's a lot of blue sky between price and production in
Merika, but not to worry...they say only the lord Fed knows the
hour and the day...
[img width=640
height=420]
HTML http://r2.cpapracticeadvisor.com/files/base/image/CSN/2013/01/16x9/640x360/wile-e-coyote-falling-off-clif_10847308.jpg[/img][/center]
[center]...since the lord Fed don't need no stinking physics
anymore, coz he's got money![/center]
[center][img width=640
height=420]
HTML http://cconnect.s3.amazonaws.com/wp-content/uploads/2014/02/1994-Fleer-Ultra-Beavis-and-Butthead-Base-Card-260x182.jpg[/img][/center]
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