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Posts tagged ‘green energy scam’

Stephan Moore Op-ed: Green energy was 2023’s biggest loser. Will Biden and progressives wake up in 2024?


Stephen Moore  By Stephen Moore Fox News | Published January 4, 2024 5:00am EST

Read more at https://www.foxnews.com/opinion/green-energy-2023s-biggest-loser-biden-progressives-wake-up-2024

Exactly one year ago, President Biden declared that 2023 was going to bring the dawning of the age of a “great global transition” to renewable energy. Instead, the data just in shows that the opposite happened: instead of the green energy boom, we had the green energy bust. Or to put it differently: The politicians fought a war against fossil fuels, and fossil fuels won.

Start with the hard reality that in 2023 the world consumed more fossil fuels than ever before. Reuters admitted that despite pledges to shun fossil fuels at the COP-28 climate change conference held several weeks ago: “oil, gas, and coal still account for about 80% of the world’s energy, and projections vary widely about when global demand will finally hit its peak.”  Even Biden is acknowledging that oil production continues to hit new highs.

BIDEN’S $400B GREEN ENERGY ‘SCHEME’ IS ’10-TIMES WORSE’ THAN OBAMA’S, ECONOMIST CAUTIONS

Gee, this is some transition.

Meanwhile, the developing countries are guzzling oil, gas and coal like nobody’s’ business. It turns out poor countries care more about pulling their citizens out of energy poverty than changing the temperature of the planet in 100 years – as well they should.

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China continually pledges to wean itself off of coal and yet its production increased by 3.1% in 2023.  Foreign Policy Magazine estimates that China has more than 200 new coal plants under construction with India adding nearly 30 more.  The Indian government declared last week that they have no interest in the so-called transition away from coal.  China and India are the world’s biggest polluters in the world and their emissions keep getting worse, not better.

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Meanwhile, stock returns for green energy have been clobbered.  Here is an assessment from analysts at Nasdaq: “Solar energy stocks have been one of the greatest disappointments of the last few years….Stocks in the industry have dropped significantly since the beginning of 2021.”

The investment newsletter Motley Fool recently blasted this glum headline: 

Renewable Energy Stocks Got Crushed in 2023.  

Whoops.

Oh, and what about EVs?  Governments here and abroad are commanding car buyers to stop buying gas-powered cars over the next 5 to 10 years.  All new car sales will have to be electric cars.

E.V. MARKET COULD BECOME THE ‘NEXT BIG FLOP’: ECONOMIST

But so far, fewer than one in 10 cars sold are EVs. Car dealerships around the country can’t get the EVs off the lots and showrooms. Several thousand major car dealers across the nation signed a letter to the car manufacturers requesting fewer EVs.

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Other than Tesla, nearly all the other wannabes are in touble. Lucid, Rivian, Nikola, and Fisker are teetering on the cliff of bankruptcy – with each losing 50 to 80 percent of their equity.  The Wall Street Journal reported than 30 of the 40 most promising EV startups are either bankrupt or currently unprofitable.  EVs are the biggest marketing flop since “New Coke.”

Only one in ten new cars sold are EVs.  This is a spectacularly bad performance given that the federal government is still handing out to car buyers a $7,500 check/bribe if they will drive an EV car or truck off the new car sales lot.

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Meanwhile, the oil and gas industry continues to fly high. The Permian Basin in Texas is producing more energy to the world than any time in history. In 2023, Exxon and Chevron spent nearly $100 billion swallowing up smaller wildcat firms, acquiring oil fields, drilling rights and infrastructure in Texas and the Gulf of Mexico. This is a conclusive market reality test: the big bet is that the oil and gas industry will pump out billions of barrels of more oil in the decade to come.

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Argentina just announced one of the biggest pools of black gold discovered in years and the drilling will begin soon.  Does this sound like an industry in decline?  

Amazingly, the media keeps churning out fake news that the world is right on course with the green energy revolution. It’s the biggest head fake ever.  The climate change industrial complex is only gigantic and sustained because of the hundreds of billions of dollars witless politicians throw at it. But their efforts are as futile as trying to stop the rise of the oceans using a thimble.

This isn’t the first green energy bust of the 21st century.  The Obama administration tried to fight a war against fossil fuels by subsidizing wind, solar and batteries.  The needle barely moved in part because the shale energy revolution clobbered all competitors.

Instead of green, we got red ink: Solyndra and dozens of other green bankruptcies. It turns out private industry and private investors chasing real profits, and not tax dollars, are MUCH better at predicting the future than politicians.

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Biden loves to tout the trillions of dollars he’s spent and borrowed as “investments,” as if he and Congress are operating a giant hedge fund.  So far the results are miserable.

Maybe we should get rid of all the subsidies and mandates and let the energy markets and consumers sort this out themselves. It’s hard to imagine green energy could do worse under this scenario.  

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Stephen Moore is a senior fellow at the Heritage Foundation and a co-founder of the Committee to Unleash Prosperity. His latest book is “Govzilla: How the Relentless Growth of Government Is Devouring Our Economy.”

Daniel Horowitz Op-ed: After Christmas cold spell, time for red states to wake up from green energy scam


Daniel Horowitz | December 28, 2022

Read more at https://www.conservativereview.com/red-states-must-wake-up-from-green-energy-scam-2659033750.html/

What’s the modus operandi of our dystopian government? Creating a needless deadly crisis, blocking the effective way for dealing with it thereafter, and foisting upon the world instead a dangerous and ineffective way of dealing with it. That might sound a lot like COVID, but it’s largely what officials have been planning for a long time with energy, and now that the population is primed for lockdowns, disruptions, and total authoritarian control as a result of COVID, that is what they plan to do with our energy grid. All for a lie.

This was the coldest Christmas in a half-century in much of the U.S., with many localities setting records, including those not accustomed to the cold like Tallahassee, Florida. Many of us are disgusted at those limiting our natural energy in favor of novel, ineffective energy, thereby causing a doubling or even tripling of home heating bills. But we must also realize that if they had their way, we’d have no heating in our homes at all.

Just like the supposed source of COVID and how to deal with it were lies, our energy crisis is wholly contrived and built upon the lie of global warming. Typically, you would have to make sure we are 100% correct about the “science” behind such irrevocable economic and societal changes before committing civilization suicide by destroying the only reliable sources of energy we have. But in a post-“Great Reset” world, this is par for the course. In fact, the science behind global warming is just as flimsy as the science behind lockdowns, masks, and mRNA shots.

During the Copenhagen climate summit in 2009, chief climate priest Al Gore asserted, “Some of the models suggest … that there is a 75 percent chance that the entire north polar ice cap, during the summer months, could be completely ice-free within five to seven years.” Predictions like this upended our lives with more expensive and more decrepit vital products and services being produced for a generation under the false pretense of taming a crisis that never existed. It turns out that since 2012, the mass of Arctic sea ice is up 31% and Greenland is gaining, not losing, ice. Meanwhile, Antarctica, which was always gaining ice during the period when the Arctic was losing ice, subsequently lost ice last decade and is now regaining it. In other words, the science behind polar ice caps seems to be rooted in the same cherry-picked timing and data as the faux science behind global warming causing either fewer or more hurricanes.

Yet somehow, we are to believe the science is all figured out on how to tamper with global temperatures, just like it was with COVID. Rather than people being more primed to believe in government control after COVID, any thinking person should be even more suspect of official climate lies and the accompanying life-altering policy changes governments want to induce based on them. And boy, would these policy changes be life-altering.

When officials speak of “net zero” for carbon emissions, it means, many times of the year, you would have net zero energy for heating. Picture those nights this past week of below-zero temperatures for much of the nation. Would you want to rely on “renewable energy,” even after billions upon billions in subsidies failed to move the needle on its effectiveness?

Temperatures dropped to near zero in Amarillo, Texas, over the Christmas weekend, with wind chills well below zero. Even south Texas faced several nights of once-in-a-generation record cold. Yet even with all that wind blowing, when Texans needed energy most, it was natural gas that held the grid for Texans, while wind and solar collapsed, according to the grid tracking info from the Energy Information Administration.

God might have been sending those wind gusts of 50 mph, but Santa most certainly was not delivering wind energy through the chimney to Texans on Christmas. Now imagine how much better Texas would be doing if the state had invested a fraction of the $66 billion it used for wind and solar in energy sources that actually energize the world rather than in sources that need help from other energy to produce a fraction of the output at a higher cost? Imagine how much cheaper heating prices would be without the global warming mandates and green energy diversions.

If Republican states don’t start looking at how to expand natural God-given fuels and end the green energy scam, the next cold wave could be worse, and we will face energy rationing like the Europeans. For example, depending on the type of job, German regulators now set the thermostats in Germany’s workplaces anywhere between 54 and 66 Fahrenheit. France is preparing for rolling blackouts to close hospitals and schools in a shutdown scenario that could rival the COVID lockdowns used in 2020 to strategically acclimate the public to the new climate of scarcity, pain, and control. Keep in mind, Europe is facing this magnitude of an energy crisis after it has already spent over $1 trillion on “renewable” energy since 2004.

As much as Republicans appear united on energy policy, if you watch carefully, they drop buzz words like a “smarter transition” to “clean” energy and a “better” way of dealing with global warming. Half the Senate Republicans, including Mitch McConnell, just voted to expand an international treaty banning the key coolants in air conditioners, thereby agreeing to the false premise of global warming. Most GOP governors continue to promote tendentious treatment for wind, solar, electric cars, and biofuels that are enabling the dangerous globalist quest to phase out viable energy.

Republicans must end this mealy-mouthed agenda of pursuing a “smarter transition” to green energy, all built upon acceptance of the false premise of global warming. States must audit every regulation that accepts the premise of global warming and harms consumers and work to eliminate it from state policy – be it a law, mandate, subsidy, or regulation.

As we are seeing in Europe, there is no middle ground on this road to the hell of scarcity, which will lead to complete government control every aspect of our lives. In a post-COVID/Great Reset world, there is no longer an excuse to feign ignorance about the “science.” Anyone with working cells in their brain should realize the dark end to that path. The road to a transhumanist hell is paved with “the scienceTM”.

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