Bankers are just nice people
A major banker, worth $2 billion, says the government needs to take land away from poorer people and build machines on it to change the weather.
CEO Jamie Dimon says he “is a red-blooded, patriotic, free-enterprise and free-market capitalist” while he promotes government control of markets, land, clouds, wind and rain. ” We simply are not getting the adequate investments fast enough for grid, solar, wind and pipeline initiatives” he complains, suddenly unhappy with the free-market, and sounding like a red-blooded communist on steroids instead. Even the Soviets didn’t try to micromanage the planet’s weather.
Dimon’s annual letter to Shareholders starts with all the right catchphrases. He comes in “defense of democracy and essential freedoms, including free enterprise”, but he doesn’t seem too interested in private property rights. He’s exasperated with people who won’t consider a carbon tax to stem climate change, though he doesn’t say anything about people who have considered it and think it’s Shamenistic VooDoo.
h/t To John Connor II, Climate Depot and Marc Morano
Seize property to build wind and solar farms, says JP Morgan chief
by Simon Foy, The Telegraph, UK
The chief executive of JP Morgan has suggested that governments should seize private land to build wind and solar farms in order to meet net zero targets.
Jamie Dimon, the longstanding boss of the Wall Street titan who donates to the Democratic Party, said green energy projects must be fast-tracked as the window for averting the most costly impacts of global climate change is closing.
In his annual shareholder letter, Mr Dimon said: “Permitting reforms are desperately needed to allow investment to be done in any kind of timely way.
“We may even need to evoke eminent domain – we simply are not getting the adequate investments fast enough for grid, solar, wind and pipeline initiatives.”
Eminent domain is when a government or state agency carries out a compulsory purchase of private property for public use and compensates the asset holder.
The bankers just want to save the world
From the letter to shareholders itself:
As you know, we are champions of banking’s essential role in a community — its potential for bringing people together, for enabling companies and individuals to attain their goals, and for being a source of strength in difficult times.
The window for action to avert the costliest impacts of global climate change is closing.
Massive global investment in clean energy technologies must be done and must continue to grow year-over-year.
Policies like the Bipartisan Infrastructure Law, the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act, and the Inflation Reduction Act (IRA) — that hold the potential to unlock over $1 trillion in clean technology development — need to be implemented effectively.
JPMorgan Chase has financed more than $170 billion in green initiatives in the last two years, which presumably will do better if the government slaps on carbon taxes and offers up easy land.
But it probably has more to do with the unholy alliance of corporate power and Big Government, both feeding off each other in a cosy arrangement that fears only that the masses might figure it out.
Something needs to replace the failing tech boom so he thinks he can promote the energy transition to keep his profits flowing.
He knows it’s an impossible dream but there’s nothing else on his horizon that can do the job at the scale that is the JPM bemotheth.
I feel sorry for him.
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I’m sure I can hear the “ Looney Tunes “ theme song playing in the background!
170
Loony Tunes:
https://youtu.be/0jTHNBKjMBU
But this other tune might be better:
Frolic by Luciano Michelini is often used to represent stupidity or clown shows.
https://youtu.be/dRm1_WK6vfU
71
Interesting how “WB” for Warner Bros is also an abbreviation for Whitehouse Biden.🤣
61
The next song was my long time favourite “Ghost Riders in the Sky”.
50
No, I think Julius Fucik’s “Entry of the Gladiators” would be a more appropriate choice for theme music:
https://www.youtube.com/watch?v=_B0CyOAO8y0
20
Translation – The green ponzi scheme is starting to slow.
Ask this guy how much of HIS money is invested.
530
I hope he is the first to have his land appropriated for wind and solar electricity generation.
140
He could have offered his own land…
110
He could have mentioned the percentage of his personal wealth he as invested. I’d be suprised if it was as much as 20%.
If he’s asking the government to prop things up, it’ll only be so he can get his money out with a healthy margin.
70
Early start Jo. The left never, never use their own money or assets, you should know that. Can you imagine the ABC as a subscription service? No. The already rich want the poor to pay hence the subsidies for solar and EVs. In Victoria the state will only compensate farmers for the actual footprint of the transmission towers. That is about 10 square metres per tower. In a cultivated field the whole base of the tower is out of production and if there is irrigation it could interfere with the operation of the spray lines but what would a city centric lefty know about those things? What we need is a court case. Just one that challenges the inadequacies of compensation to set a precedent. The flaw in Bowen’s plan is the transmission lines. If I were a military saboteur the transmission towers are the weak link so why not stop them before they are built, legally of course.
51
“an unholy alliance of corporate power and Big Government” sounds like fascism.
400
Yes B J and it is certainly like TOTALITARIANISM and I’m sure Stalin, Hitler, Marx, Pol Pot, Lenin etc would be very pleased.
290
Yep, an alliance of the people with military force and the people with money was Mussolini’s dream of a fascist state. Using this definition, Alexander Hamilton might be called the founding father of American fascism.
70
racketeering, engaging in a pattern of illegal scheming and activity for profit. A “racket” is a fraudulent and often illegal activity that is often carried out by means of extortion or intimidation.
00
Perhaps if we start taking the Bankers , the politicians , the rent seekers properties first just to set an example.
530
The very idea that humans control the climate is absurd.
That bankers want to take property away from poor people is no surprise.
It’s what they do.
What they want to know is how poor people owned property in the first place.
481
The utter insanity of accepting that mankind can forevermore adjust the climate, by adding or subtracting some CO2, will result in the destruction of modern western civilisation as we know it.
Along the way, China will come to totally dominate all manufacturing and heavy industry ensuring that atmospheric levels of CO2 will never change.
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The first half is true. But CO2 levels however have nothing to do with humans. Only ocean surface temperature.
Now every scientist understands this, if asked. Or they could look it up. Vapour pressure of dissolved gases. Henry’s Law. circa 1800. Nothing new. Evaporation, condensation.
The very soluble CO2 is in continuous rapid gas exchange as with O2 and H2O. H2O is about 1% most days and up to 4% on humid days. As a gas, not as visible clouds. You know nights are much warmer when the humidity is high.
And CO2 is the fastest because it is so soluble and compressible and 98% is in the ocean already. So warming increases CO2, not the ridiculous reverse.
Nothing we can do will alter CO2 levels. It’s simple gaseous equilibrium. It’s also how fish get their oxygen. All living things need oxygen for power. All are internal combustion engines.
So the Chinese are profiteering off this incredible lie. And for some reason the NIBMYs and Press are happy to see China producing all the world’s CO2 without saying a thing. China produces more CO2 than all other countries combined and opening a new coal fired power plant every week, but there is total silence in the press.
Apparently China is saving the planet by taking all manufacturing. It’s hard to be grateful enough.
170
The left have destroyed two fundamental building blocks of a civilization, science and history. Too many so called scientists have prostituted themselves for money quite prepared to ignore the scientific principle just to get the right result and another grant. They do not care about the damage they are doing to millions of lives and in many ways are just as criminal as Dr Fauci and the CDC. How many people will freeze this winter because the CSIRO, BoM and university climateers have convinced really dumb politicians that they know how to change the weather? They are guilty of real crimes when they adjust records to suit the desired outcome. If there ever was justice those data corrupting “scientists” should lose their pensions at a minimum.
Then we have the abomination that is the new history where a fake Aborigine creates a fake history and our ABC makes a three part doco extolling the new truth. Likewise events such as the Roman Warm Period (topical at Easter) which we are told was 1.5 to 2 degrees warmer than now is never mentioned. About the same as we are told will mean the end of life as we know it. Michael Mann tried to erase the Medieval Warm Period because people might think warming was natural. Then there was the Minoan Warm Period that was warmer still and was so dangerous that civilization flourished and nations prospered. No wonder the left are so worried about truth and history that they refuse to tell the kids in case they stop being scared.
How do we turn this s**t show around?
40
Rob, I use the following when discussing this. CO2 has a negative solubility in water unlike sugar which is positive. This means that when you heat water the CO2 is released, not dissolved like sugar.
If you put a pot of cold water and heat it on the stove top you will soon observe small bubbles forming on the pot surface in the water. These are 100% CO2 leaving the water as it warms.
Most people can see this and it shows that warming the water releases CO2 into the air – not the other way around!
80
Yes how about they seize all his land and assets? I wonder how he would like it? I think I know the answer.
290
One of the pillars of Marxism is the elimination and/or confiscation of private property.
https://www.conservativeusa.net/10planksofcommunism.htm
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Fascist-Corporatist net zero democracy.
120
He should use his own money, not mine.
I find this appalling!
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Yes!
“we simply are not getting the adequate investments fast enough for grid, solar, wind and pipeline initiatives.”” That’s because so many of the hoi polloi have figured out the whole global warming rubbish is a scam! If an idea has merit you won’t have to force people to follow it.
If we are happy to confiscate private property, I suggest money for investment be removed from the top down, so confiscate the wealth from those who can afford it until we are all at the same level.. I’m sure that idea will work!
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I’s just that in his eyes the small owners do not deserve the high prices they are asking, it’s not fair. it’s a market failure.
90
Fact is the over whelming amount of golbal wealth, that could be in invested. Is owned by this guy and his mates. (something like 10% owning 90%).
If there is and investment shortage, it’s because this guy and his mates are saying ‘No way am I going to put MY money into these Turkey schemes!’
20
He should use HIS OWN LAND, not try to bully the government into forcing other off theirs.
His property and the surrounding region, has plenty of open land that could be used!
170
Exactly, confiscate his Malibu beachfront house and stick a windmill on it.
70
Not just give up his own land for renewable generation, but be required to live using only renewably-generated power — no backup from fossil-fueled generation when the wind doesn’t blow and the sun doesn’t shine, and not allowed to use anything not muscle-powered that doesn’t use entirely renewable power. Only after he’s doing it himself should he be allowed to say that everyone else should be doing it, too.
70
This bankster says banking has the “potential for bringing people together”. He’s right. Transferring poorer people’s money to the rich does have the potential for bringing people together.
It’s time to put on a yellow vest and be seen and heard.
Peter Dutton has at last shown some spine on ‘The Voice’. Now he needs to do the same on energy.
270
Yes, it’s good to see Dutton finally grow a pair, which is in start contrast to the current lefty trend of having them removed and claiming to be a woman.
61
Wrong. That is the problem. The boys leave them in and still claim to be women. In reply to Bud Lite and it using a trans to advertise its beer a sign says ” A beverage pretending to be a beer advertised by a man pretending to be a woman”. Apparently some grog shops are refusing to stock it.
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It’s not the poorer people who own much stuff. Look in the mirror Mr Dimon, it is you and your ilk. Start there first if you must.
In fact, doesn’t the Church own a lot of stuff as well.
Us poorer people want cheap energy which can only come from Hydrocarbons, Hydro and Nuclear.
230
We are also the vast majority. Paris is burning and the peasants are revolting. In fact some of those on the government payroll are with the demonstrators. The garbage is piling up, the rats are jubilant and the rat catchers are on strike. Dead rodents are being left outside Blackrock HQ.
https://www.thegatewaypundit.com/wp-content/uploads/video_2023-04-05_23-28-56.mp4?_=1
40
Looks like CEO Jamie Dimon who says he “is a red-blooded, patriotic, free-enterprise and free-market capitalist” as chief executive of JP Morgan is channelling (namesake?) Sir Henry Morgan (1635-1688) was a Welsh buccaneer/pirate too!, he plundered Spain’s Caribbean colonies during the late 17th century. Operating with the unofficial support of the English government/throne Queen Anne Knighted him for his efforts in undermining Spanish authority in the West Indies. Dimon (demon?) is a WEF man through and through. His war cry “One for all and all for me”?
290
Peter Tosh (Winston Hubert McIntosh) railed against the pirate, Morgan, in his song, ‘Can’t Blame The Youth’, a criticism of indoctrinating school children. He was murdered on September 11, 1987.
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The simple concept of “Eminent Domain” is too classy for the rapacious. It is too vulnerable for Court disputes that can boil down to someone deciding simply if its use was/is warranted or not.
Beware of much more sneaky mechanisms that can tie up courts for time after time because of their novelty and complexity. For example, I have been victim of the imperatives of conforming with Treaties agreed with bodies like the United Nations, a body whose mission creep is way past the original intent of seeking reduced warfare. There are many lawyers right now working on diverse paths to communism in one vague form or another, but certainly outnumbering those engaged to progress free enterprise.
Historically, the surplus of people in low-value social work has occasionally put pressure on starting shooting wars to convert paper pushers to cannon fodder.
Beware the not-so-distant drum beat. Geoff S
260
Well Jamie Dimon needs to consider the demolition of the US Dollar which
is a mathematical certainty. People really need to follow the money to where
the truly powerful scheme to enrich themselves. The Jamie Dimons of this world
know exactly what they are doing with CC fantasy- providing yet another
opportunity to “Wreck the Joint”. Companies like GoldmanSachs and funds like
Blackrock and Vanguard and State street are a giant wrecking ball to all
that is good and wholesome. It really is adolescent idealism and quite futile
yet dangerous to follow the propaganda. Getting lost and not seeing the wood for the trees
it is useless to refute the CC arguments with logic and reason. The Jamie Dimons of this
world have a Megamountain of financial derivatives that “Insure” them from any losses due
to counterparty risk. We are about to find out whther the “$10 life insurance policy” really pays the million dollars promised- or not! When the financial system blows up it will be a more dramatic event than before, and China and Russia are lighting the fuse by trading with Yuan and pegging Roubles to physical gold…. which thwarts the Jamie Dimons and Klaus Schwabbs of the world!
220
This report on TOXIC offshore wind energy certainly makes an interesting read.
They claim that offshore wind efficiency degrades by about 4% every year and that would be 40% in ten years and 80% in 20 years.
Of course these TOXIC disasters are partly funded by the taxpayer and destabalise the grids and require a huge increase in EXTRA grid connectivity.
And nobody yet understands the environmental damage caused to fisheries etc and the impact on whale migration is another very serious concern.
https://www.manhattan-institute.org/dismal-economics-offshore-wind-energy
160
And they will be doing well if they last 20 years.
Apart from all the other problems, erosion of the leading edges of the blades is a huge problem due to the blade hitting droplets of water such as seaspray or rain (or birds!) at high speed (330kph at the tips) on the rare times they turn.
142
This guy defines the green zombie mindset perfectly. Despite the trillions of dollars already invested in useless wind farms across the developed world, which have crippled the west’s economic output and caused severe energy poverty and rampant inflation, rather than conclude the solution is a failure, he wants the government to confiscate the remaining land and build even more useless wind farms using other people’s money.
170
I saw a report yesterday that somewhere north of $ 6 trillion dollars has been spent on “green” energy. That could have bought hundreds of nuclear power plants and the world would probably now be in an electricity surplus.
180
Yes and as I have posted here before.
5 Trillion Dollars (US) has been spent on these so called Renewables to reduce the World’s use of Hydrocarbons from something like 84% to 82% of all the energy being used over the last 20 years or so.
Cost/Benefit analysis anyone?
110
Money is academic since the whole thing is a scam with the objective of collapsing the financial system.
Print money. Cancel money. Start over, but with the masses totally confused and totally reliant on das gubermint handouts.
81
racketeering, engaging in a pattern of illegal scheming and activity for profit. A “racket” is a fraudulent and often illegal activity that is often carried out by means of extortion or intimidation.
10
““We’ve got to ride this global warming issue. Even if the theory of global warming is wrong, we will be doing the right thing in terms of economic and environmental policy.“
Timothy Wirth, President of the UN Foundation.
“Isn’t the only hope for the planet that the industrialized civilizations collapse? Isn’t it our responsibility to bring that about?”
Maurice Strong, Founder of the UN Environment Programme (UNEP)
“The urge to save humanity is almost always a false front for the urge to rule “
H. L. Mencken
This is the first time in the history of mankind that we are setting ourselves the task of intentionally, within a defined period of time, to change the economic development model that has been reigning for at least 150 years, since the Industrial Revolution”.
Christiana Figueres, Executive secretary of U.N.’s Framework Convention on Climate Change.
The psychos and megalomaniacs have been openly telling the world what they plan to do and and why, for a LONG time.
It’s about time people started taking thees dangerous vermin at their word.
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Evert time I have posted Christiana Figueres October 2015 admission few responses are posted in reply.
It’s as if people are not interested.
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We are interested Dennis , but we have heard it so many times that it is not news.
Figueres is now an important figure on Lancet Global Gealth journal . This is the one that
just prior to her appointment published 2 world wide studies. The first showed that mild cooling has a greater
detrimental effect on public mortality than mild warming. The second 2 years later showed that in all parts of
the world the predicted effect of all RCP except RCP8.5 (judged virtually impossible anyway ) would show a positive(ie good) effect on mortality.
It is unlikely that such studies will be publishable in the future by Lancet.
40
Thanks for posting these. I’ve borrowed them to post elsewhere.
70
Dimon doesn’t believe in free enterprise.
He is exhibiting classic doublethink of the Left.
He is a classic crony capitalist. In the Leftist takeover of Wikipedia, they must have forgotten to remove the correct definition:
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Alternatively, Jamie Dimon is doing what all hucksters do when their schemes look to be ending. He’s propping up another scheme to enrich himself at the cost to others.
Right now, it appears to be negating property rights of individuals for the benefit of JPM. Using political power.
One way to end this charade is to require Wind/Solar providers to pay the cost of their transmission lines into the grid, and guarantee their energy dispatch in day-ahead-contracts, and pay for the FCAS required to subsidize their benefit. Just like Utilities must do. No more preference. Level playing field. Equal Responsibility for Equal Opportunity.
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It will never be done Lance because the government know that without subsidies wind and solar are not viable. Spain withdrew subsidies and investment stopped. The reverse works too. Albo and cumquat put a cap on coal and gas prices and investment in new projects stopped. No wonder Albo has to take a break; all his great ideas are turning to dust.
31
May be he is a future Democrat candidate for presidential election. He just revealed its climate
alarmism and socialist ideas.
120
Seize the property of the banksters for wind farms. Then they can lead by example.
150
Build them on top of City CBD high-rise buildings.
sarc.
70
Maybe not on buildings but certainly along the shoreline where wind is plentiful and fairly reliable.
20
“Seize the property of the banksters for wind farms.”
That would be our superannuation
00
Let’s start building some wind turbines off Manly Beach, St Kilda beach. Or maybe Royal Park in Melbourne or any other major public space around Sydney Harbour. Then we’ll see how all the inner suburbanites like their green energy.
140
During a recent trip, I sat in a hole-in-the wall restaurant at breakfast next to a table of regulars: elderly West Texas ranchers, oilmen, and farmers. From comments made, most of them are living comfortably off the proceeds of leasing their land for wind and solar power production. I don’t think that access to land is the problem.
Jamie Dimon is signaling his support for the oligoply, in spite of the increasingly obvious economic failure of unreliable energy. According to Dimon, in order to do good, government must violate the individual’s rights of property, so long as it isn’t Dimon’s
150
I trust that they have a lease condition that requires removal of the wind turbines and foundations.
100
I think in most cases the huge concrete foundations will just be abandoned, or the responsibility of $2 shelf companies set up for the purpose which will not exist by decommissioning time.
And unlike a proper coal, gas or nuclear power station, there is very little worth recycling from wind subsidy farms. They are just useless junk.
https://stopthesethings.com/2021/10/13/permanent-legacy-wind-industry-plans-to-abandon-millions-of-500-tonne-concrete-wind-turbine-bases/
https://www.telegraph.co.uk/news/uknews/scotland/10142126/Old-wind-farms-bases-could-be-left-in-countryside.html
111
Don’t know about removal and disposal. I doubt that they care. The impression that I got was that none of them would be intimidated by demolishing a pylon if it became inconvenient.
In the case of oil wells, they are frequently left on the property. Once upon a time ownership reverted to the landowner if the rig is abandoned. There was more than one case of a landowner pumping their own oil or natural gas, and selling on the open market or using it on site.
One of the guys at breakfast talked about selling hay bales to the wind turbine building crews in order to cushion the blades while waiting for installation; sold at a premium price. When the crew was done, he asked what they were doing with the hay bales, and the crew let him have them back. He sold the same bales to the next couple construction crews, at the same price, and had them returned for merely the cost of transportation.
70
It’s the climate action policies that serve as a pretext to the primary motive which is elimating property rights. It’s not those people’s property they want to sieze, at least not at first. It’s the little guy’s to start with. Everybody thinks it will be the other guy who gets his property siezed and they will be among the winners. Money and power corrupts.
110
Get woke, go broke?
SEE LINK FOR REST
111
Bankers are a long way behind used car salespeople in the credibility stakes.
I learnt an early lesson at the NAB when I went in for a loan and reading his notes upside down across the table was written ‘good captive customer’. Changed banks when a new loan was done but unfortunately they are all the same so what can you do?
150
Unreliable energy (wind, solar and Big Batteries) is utterly useless and a huge drain on the economy and scientific and engineering resources, and has created a preoccupation in everyone’s mind, whether they be “true believers”, which is a vast majority of people, or the thinking community who know the truth, such as a majority of people on this blog.
The only people to truly benefit are the Elites of the Left who have their “snouts in the trough” and are participating in a huge wealth transfer from the non-ElItes to the Elites resulting in impoverishment of regular people.
The obsession with supposed but fictional imminent anthropogenic climate catastrophe has almost stopped progress of the West while vastly benefiting enemies of the West such as China, as indeed is the plan.
120
I wonder how many of the older wind farms are surviving because of RET subsidy profit incentives despite no supply of electricity, or very little supply?
90
Questions:
1) How many public “servants” or politicians have lost jobs to “green” (sic) energy?
2) How many industrialists who promote the green energy scam?
3) How many people who work in factories (in the West)?
4) How many people in cold parts of Europe or North America face “heat or eat” due to energy starvation?
101
Consider the deceptions;
* Sales pitch “Installed Capacity” (Nameplate) and how many houses theoretically might be supplied with electricity.
* Renewables are the cheapest source of electricity: no mention of average 20 years to removal and replacement costs, transmission line to grid cost, back up costs for generators and storage, “spinning machines” to stabilise, etc.
* Renewable energy: no mention of day and night, intermittent supply, unreliable operation of equipment.
* No mention of a profit incentive subsidy paid even when the equipment is not delivering electricity.
* No mention of the unprofitable power station operations disrupted when wind and solar is available and carbon tax effectively since 2016 targeting coal fuelled.
* No mention of the latest carbon tax being introduced by Green-Labor.
* No mention of the businesses paid compensation to stop operating when the grid is destabilising and blackouts are expected.
* More.
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There ought to be Tiers of Generation.
1. Dispatchable Generation with guaranteed contracts for day ahead obligations for reliable power. Value: 100%
2. Intermittent generation with guaranteed contracts for day ahead obligations for reliable power with all costs of transmission line interconnection, FCAS costs, and responsibility to deliver power as contracted, included. Value: 100%.
3. Intermittent generation with no guaranty of generation at any time, no dispatchability, no FCAS obligations, no interconnect transmission line costs, and no responsibility for failure to deliver. Value: Zero
90
Money = power = more money = more power = all the money = all the power
100
He’s bonkers..certifiable
70
So why do we panic about little problems like global warming? The UN tells us that unmitigated warming will reduce the average person’s income from 450% richer to about 434% richer by 2100. Does that reduction of 0.16 really worry anyone? And does it justify WASTING 100s of TRILLIONs of dollars over the next 77 years? AGAIN here’s Lomborg’s article from Business Live and the quote from the UN. AGAIN when will we WAKE UP?
” Remember, by the UN’s own estimates the average person in 2100 will be 450% richer than today. Global warming means that person will “only” be 434% as rich. This is a problem, but — contrary to the histrionics — it is far from catastrophic”
.https://www.businesslive.co.za/bd/opinion/2022-04-13-bjorn-lomborg-obsession-with-climate-change-distorts-our-priorities/
70
There is no such thing as an average person, just like the average family cannot have 2.3 children. In reality, the wealth will be concentrated in the hands of a few. Or at least, thats their plan. The “wasting of 100s of trillions of dollars” is actually the wealth transfer.
40
Sorry, but no.
This Communist can f*ck off.
And he can keep f*cking off until he thinks he couldn’t possibly f*ck off any more.
At which point, he should keep right on f*cking off.
F*cl him, and his elitist, wet- dream Utopian fantasies.
F*ck him.
105
Please spare us the obvious ‘f’ words on this blog. It is relatively free of such usage and I value it all the more for that.
81
AGAIN in 2016 Senator Malcolm Roberts tries to get the answers from Chief Scientist Dr Alan Finkel about increased co2 impact on our global climate and why this could be a problem.
Dr Finkel tries to answer but he also admits that modelling is involved in nearly all stages.
Certainly at the end he doesn’t seem to be as sure of the impacts of CC.
https://www.youtube.com/watch?v=f4IPMKhlyQI
80
Some more light reading on the green energy delusion for a wet Easter:
https://www.manhattancontrarian.com/blog/2022-9-16-cost-of-the-green-energy-transition-who-you-gonna-believe-me-or-your-lyin-eyes
Empirically grounded technology forecasts and the energy transition:
https://www.cell.com/joule/fulltext/S2542-4351(22)00410-X
Energy & Environmental Science actually published a study in 2018 estimating the real-world cost of installing and running a lithium-ion battery storage system capable of handling a US energy grid that ran on 80% wind and solar. Their conclusion? It would cost a staggering $2.5 trillion to get such a system up and running!
Study:
https://pubs.rsc.org/en/content/articlelanding/2018/ee/c7ee03029k#!divAbstract
The renewable energy grid will utterly fail to provide the energy needed to power our modern postindustrial society. That’s precisely the point. By making energy even more scarce, those with their hands on the energy spigot will have the ultimate control over society, deciding when, where and how to allocate scarce energy supplies to the public. Europeans who are wondering how they will be able to afford to heat their homes and businesses this winter are just starting to understand what this new “green” economy will really look like for those on the lower rungs of the economic ladder.
61
He may own (or perhaps just owe) $2 billion.
He sure isn’t worth $2 billion.
50
Just throwing ideas around so feel free to criticise.
If the Voice gets up, Aboriginal communities may object to any wind farms/solar arrays destined to be built on ‘their’ land/seas. If their objections are not ‘listened to’, the High Court may be required to rule.
For example, the Santos Barossa gas project is being complained about as is the silica project at Cape York.
But realistically, they will probably cave in for the money. Of course, if the demand is too much, the project will be scrapped.
Interesting times ahead.
51
The aborigines won’t be vetoing any wind or solar projects. Because they will be paid lucrative lease payments for the siting of these monstrosities. Late last year a farmer (central Victoria) informed me he was offered $ 40k/ annum/ turbine. It’s lazy money.
51
Exactly, Ross. They will probably threaten to veto until they get the money they think they ‘deserve’.
40
What a complete and utter banker he is.
70
Nice, subtle, just one letter, very good..
60
You need to work on your delivery, there; I didn’t see anywhere near enough spit when you said ‘banker’.
20
Nice, subtle but good, different..
10
As owners of a rural property in NSW my husband and I have been fearful as we see wind and solar “farms” increasingly being built in our region. We think it is only a matter of time before transmission lines and towers are constructed through our beautiful valley to connect these operations into the national grid.
They will not buy it or take it without a fight from the farmers here.
60
Late last year a farmer (central Victoria) informed me he was offered $ 40k/ annum/ turbine. It’s lazy money.
Ross, I know of farmers who have bitterly regretted that decision. The wind turbines have very limited life. When they expire their size, construction and material content make it impossible and/or impractical to dispose of them.
The farmer is then left with unsightly and deteriorating structures on rural land that no one – and I repeat NO ONE- wants to buy. It has happened time and time again. Short term gain/long term loss.
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In this case Vicki, the farmer ( and a couple of his neighbours) told them to go jump. But, unfortunately one farmer still agreed. It was only a small plant (10 towers), but it was going to impinge on a wildlife reserve. My farmer mate said he hated the visual aspects and knew enough from previous installs in our region to reject. I think now the project is stalled.
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BTW we also personally know a farmer in NSW (not near us) whose property was severely damaged by a fire which was proven (in court) to have been started by a wind turbine. He received damages from the owner of the wind farm. I understand there have been other similar fires caused by the turbines in this state.
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Vicki there is now a dynamic opposition to wind power and transmission lines in Central/ Western Victoria. Mostly farmer led. There’s even been protests outside state parliament with good roll ups. Not quite Dutch/ French farmer protest style, but I suspect that might be something they would consider in future. The visual aspects of scores of tractors driving around the city is very effective.
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It would be helpful if the Left provided us with some sort of table indicated how seriously we need to take each of the catastrophies we face should be taken.
I mean, I have limited time, so how should I prioritise all these enormous issues? At various times, I am told that the biggest threat we face is climate change, environmental damage, right wing extremism, white privilege, sexism, transphobia, homophobia, misinformation, Donald Trump, misogyny, racism, eating meat, driving my car, catholicism, white supremacy, etc, etc.
What should my priorities be, in what order, and how should my meager resources be applied?
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Biggest threat is institutionalised ideological driven stupidity.
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https://twitter.com/sophiadahl1/status/1644365070116311045
Dr. Mike Yeadon: “When people tell you what they’re going to do, don’t ignore them
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Dimon has been got at. Didn’t he go to the last Davos shindig and tell them the world will need gas and oil for the foreseeable future?
Now he is saying this about renewables !!! He cannot hold both positions at once, so the only conclusion is he has been got at and has been pushed firmly into a corner.
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WEF speak….you will own nothing.
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Zzzzz. Ohh, his bio sounds ultra left not capitalistic. But, his actions plan is for government intervention into personnel property? Are we sure deepfake has not arrived yet? That he is not stroked out, or a written for Dilbert, or mad magazine. If I remember right, that’s which he suggests, is what banks do normally. It’s how they make their money. When government steps in, it’s called fachism, a form of communism, where the people have control, thru rules, laws to regulate businesses and banks, it usually a democracy, but that does not stoke his ego.
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America was originally formed under, and its founders intended to secure in perpetuity, a limited government.
Key word: LIMITED.
We no longer have that, and haven’t had one for nearly half of our country’s existence.
If we as a free people want to remain free then at some point we need to collectively agree that government can’t (or won’t) do for us what we should be doing ourselves. But since power only seeks to secure and grow itself further, it will take an uprising to make that happen.
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I always have one response for grifters like Dimon when they propose these remarkable schemes!
You first! You lead from the front and show the plebs how they have erred.
Don’t wait for the sloth like politicians to save the world, cede your own properties, cede the JP Morgan land holdings, buy up the properties of your shareholders and voluntarily hand them over.
You’re the smartest in the room, so lead by example and show how this works!
Nah? Nah, didn’t think so!
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It’s probably been said, but I thought the term ‘banker’ was a misprint.
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