Inconvenient truths

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DAILY ENERGY NEWS | 10/08/2024

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Team Kamala is getting their plays from Big Green, Inc. Any inconvenient facts are misinformation, and misinformation shouldn't be allowed in the public square.

Just The News (10/6/24) reports: "In a recent article in the Columbia Journalism Review (CJR), Kyle Pope, co-founder of the Covering Climate Now (CCN), asked for input on a project produced through an association of the CJR, Covering Climate Now, Solutions Journalism Network, as well as politically left-wing outlets The Guardian and The Nation. The project is called the 'Climate Blueprint for Media Transformation,' which encourages reporters to insert climate change into every story and to view fossil fuel industry voices as inherently dishonest. CCN also openly promotes the idea that journalists should not be objective when reporting on climate and energy...As physicist Sabine Hossenfelder explains in a post on X, the 'Exxon Knew' campaign is based on a myth that oil companies had some special, absolute knowledge about the impacts of carbon dioxide emissions on the climate. In fact, they had no more certainty than anyone else, Hossenfelder wrote — noting she’s no fan of the fossil fuel industry — and debates were not meant to deceive. They were part of a broader debate among researchers looking at the issue...Rob Bradley, founder and CEO of the Institute for Energy Research, has a multi-part series that goes into extensive rebuttals of the 'Exxon Knew' claims. There’s no mention anywhere in Werstervelt’s article that anyone disputes the claims."

"Mandating EVs and electricity generation from wind turbines and solar panels is mandating more use of crude oil. Simplistically, to rid the world of oil usage, STOP using products made from oil! If energy policymakers want to promote ridding the world of oil, they should start promoting humanity to stop demanding the products and fuels from oil."

– Ronald Stein, P.E.,
The Heartland Institute

Google routinely says that wind, solar, and batteries are all we need, so why are they trying to get electricity from nukes?

Bloomberg (10/8/24) reports: "Google is working with utilities in the US and other countries to assess nuclear power as a possible energy source for its data centers, underscoring surging interest in using atomic energy to feed the artificial intelligence boom. 'In the US, in highly regulated markets where we don’t have the opportunity to directly purchase power, we are working with our utility partners and the generators to come together to figure out how we can bring these new technologies — nuclear may be one of them — to the grid,' said Amanda Peterson Corio, global head of data center energy at Alphabet Inc.’s Google. She didn’t rule out the possibility of using nuclear energy in countries like Japan. Other tech titans including Microsoft Corp. and Amazon.com Inc. are already betting on nuclear energy as a source of stable, low-carbon power to meet skyrocketing electricity demand from their data centers, while also reducing dependence on fossil fuels to slash emissions. Microsoft has agreed to purchase power from the shuttered Three Mile Island nuclear plant in Pennsylvania, while Amazon recently bought a nuclear-powered data center in the same US state. For Google, having round-the-clock energy that isn’t intermittent is 'critically important as we think about long-term growth,' Corio said."

New housing above, liquid gold extraction below. The beautiful Trump plan for America's federal lands.

Brietbart (10/5/24) reports: "Most Americans are only vaguely aware that the federal government owns 28 percent of the land in the United States. There was never any particular reason for this federal land-grabbing. It just sort of happened in the 19th century, as nobody wanted to live on arid or remote swathes of territory. Of course, there’s great value in scenic national parks, and yet the U.S. president most associated with those parks, Theodore Roosevelt, also believed in land development...The explicit goal of the Bureau was just that: reclaiming empty land for human use, especially for housing. As TR said in 1902, “The sound and steady development of the West depends upon the building up of homes therein...There’s another big benefit to state-based experimentation: the fuller use natural resources. Referring to oil, Trump said at the Republican National Convention in Milwaukee, 'We have more liquid gold under our feet than any other country by far. We are a nation that has the opportunity to make an absolute fortune with its energy.' 'Fortune' is for sure the right word. According to the Institute for Energy Research, oil resources in the U.S. total more than two trillion barrels. At the current price of around $75 a barrel, that’s some $160 trillion. (Of course, if fighting in the Middle East spills over to the Persian Gulf, then the price of oil could go way higher, and the national security imperative of more domestic production gets much stronger.) In addition, America is blessed with just as much natural gas and even more coal. For the sake of jobs and wealth, all these carbon fuels could be cleaned up and consumed."

Hard to make steel from wind power.

Reuters (10/7/24) reports: "Germany's Thyssenkrupp said on Monday it is reviewing its plans for the production of green steel, casting doubt over its ambitions to use hydrogen in its push to decarbonise what is one of the most polluting industrial processes. Shares in the group were 4% lower following the comments, which highlight the challenges German industry faces in meeting emissions targets while staying competitive in a sector that suffers from high energy costs and cheaper products from Asian rivals. 'We are continuously examining the best and most economically viable solutions under the given conditions in terms of technology and results in order to make Thyssenkrupp's steel business climate-neutral in the long term,' it said. The comments came in response to a report in German business daily Handelsblatt, citing internal documents as saying the group was considering halting a 3 billion euro ($3.3 billion) hydrogen-based direct reduction project that forms the core of its decarbonisation strategy. Thyssenkrupp Steel Europe (TKSE), in which Czech billionaire Daniel Kretinsky owns a 20% stake, already warned last month that the planned direct reduction site in Duisburg could cost more than initially expected."

Energy Markets

WTI Crude Oil: ↓ $74.88
Natural Gas: ↓ $2.72
Gasoline: ↑ $3.18

Diesel: ↑ $3.58
Heating Oil: ↓ $232.59
Brent Crude Oil: ↓ $78.55
US Rig Count: ↓ 625

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