Author Topic: Energy Errata  (Read 13887 times)

RE

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Somehow, I doubt this is a "temporary" problem.  ::)

https://www.bbc.com/news/business-58620167

Gas price rise: Government considering loans for energy firms

MOAR Loans!  Kick the can again!

RE

RE

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With the latest Covid Delta spike, the Chinese Property Market crisis and the NG price spike, we have a real Collapse Trifecta going here!  :o

https://www.cnbc.com/2021/09/20/british-energy-firms-fear-collapse-as-european-gas-prices-surge-250percent.html

British energy firms fear collapse as Europe’s gas crisis sees prices surge 250%

RE

Phil Potts

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Re: Energy Errata
« Reply #32 on: September 20, 2021, 02:16:05 pm »
Her Majesty The Queen has given a royal proclamation:

Don't worry Blighty, our gas has been sold to Asia where they are working overtime to supply you with synthetic blankets and bear skins. Raw food is meant to be good for the colon too, so chin up old chaps
« Last Edit: September 20, 2021, 02:20:07 pm by Phil Potts »

RE

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Power outages hitting right on schedule.

Unlit streets, no AC, and higher bills: China’s energy crisis is finally hitting households where it hurts

https://fortune.com/2021/09/27/china-energy-crisis-blackouts-power-outage-households-pay/



RE

RE

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Do you buy the Spin?
« Reply #34 on: September 28, 2021, 05:32:54 pm »
Over in the UK, Da Goobermint Spin on their current Petrol shortages is a lack of Truck Drivers.  What?  Did they all die of Covid in the last month?

If this were really true, there are obvious solutions.  Detail Military truck drivers to handle it.  Raise CDL salaries to attract people back to doing the job.  Train recent HS Grads for a WPA style Driving Workforce. etc.  Supposedly there is enough crude and enough refinery capacity.  I don't buy iy.  It comes too close on the heels of the NG shortages and skyrocketing Oil prices.  I think they are trying to *ease* the public into rationing by blaming this on Covid, Brexit, Labor shortage etc.  Oil is predicted to go to $100/bbl again.  As we all know, the economy tanks at $80/bbl, and that was before Covid.

So...have we FINALLY hit the wall here?  Is this the "BIG ONE"?  Or will the Smartest Guys in the Room pull out another Stick Save?

Inquiring minds want to know.

RE


Phil Potts

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Re: Energy Errata
« Reply #35 on: September 28, 2021, 08:03:37 pm »
 Did they have a vaccine mandate for the drivers? They might  have been sacked or quit. The govt backed down here (for now) when the drivers threatened to shut down the interstate. Casual contract drivers also had a big industrial action not long ago. I don't know the outcome. These guys have no stability or security and can't even take on loans.

So we have oil AND gas problems. What happened to all the big mediterranean discoveries and gas Trump demanded the Euros ship across the Atlantic, out of stock like everything else?



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« Last Edit: September 28, 2021, 08:37:03 pm by Phil Potts »

K-Dog

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Re: Energy Errata
« Reply #36 on: September 28, 2021, 08:56:08 pm »
I went down the rabbit hole on this one when I found out about it.  I even watched some vids by some British blokes on Odyssey who were ranting about 'Problem / Solution' .

The shortage of drivers is real.  In the UK trucking does not pay enough to make a trucking lifestyle attractive.  Consequently a lot of drivers were foreign.  They have gone home.  That is the Brexit connection.  Sprinkle a little COVID on top of that.  Why are we having the same problem with school bus drivers?  People with the necessary licenses are in short supply.

BUT the attitude is that the government is **** with people to prepare them for winter shortages.  People went Toilet Paper panic over petrol causing an artificial shortage.  The blokes I watched figure the media is 'manufacturing consent' and it is all part of a larger conspiracy. 

They have a point.  The media created the panic.  Setting a narrative it does seem.



Petrol supply: Army put on standby to ease fuel crisis

Quote
Grant Shapps said: "Once we all return to our normal buying habits... the quicker we get back to normality."

« Last Edit: September 28, 2021, 10:07:01 pm by K-Dog »

Phil Potts

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Re: Energy Errata
« Reply #37 on: September 28, 2021, 10:58:06 pm »
Wealth disparity doubled or tripled during the last 2 yrs, but they can't let these poor shlubs put bread on the table. "full time hours and holidays? Hahaha, you're hilarious! **** off back to india

 “There are no conditions to which a person cannot grow accustomed, especially if he sees that everyone around him lives in the same way.” Tolstoy

No soup 4 u, all you banana am mine.

love,
Dear Leaders


 

RE

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Re: Energy Errata
« Reply #38 on: September 29, 2021, 01:27:02 am »
OK, the Driver shortage is real, but I don't think this occured out of the blue over the last 2 weeks.   It has to have been building for months.  Nobody noticed migrant truckers were going home?  Trucking companies didn't notice their payrolls were shrinking?  What?

No contingency plans were prepared?  Nobody in Da Goobermint thought, "Hey, if we don't have enough Drivers, we can't get the product to market."?  Is everybody that stupid?  Don't answer that.  Rhetorical question.

So far, Covid has killed off less than 1% of the population, and that is skewed heavily towards old folks.  So it's not dead truckers for the most part.  Vax mandates could explain more, but do that many people really quit their jobs just to avoid getting jabbed?

The problem is of course economics.  The price of the oil is going up, then if you add on top of that the price of labor going up the cost of petrol at the pump would have to rise rapidly to keep up.  That of course is as bad as shortages.

Shortages or rapid price inflation, both are recipes for rising political unrest.  Now the question is, where in the Industrialized world will this boil over first?  The UK and the Eurozone seem like good candidates to me, so does China.

If people can't get/afford heating fuel this winter,  I suspect something will break somewhere.

RE

RE

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Twofer of Chinese Toast issues.

China’s widening electricity crisis caused by coal shortage
https://www.reuters.com/business/energy/chinas-widening-electricity-crisis-caused-by-coal-shortage-kemp-2021-09-28/

Supply chain delays are bad—China’s rolling power outages will make them worse
https://fortune.com/2021/09/28/china-energy-crisis-chip-shortage-supply-chain-delay/

How's that Long Game working out for you?

RE

K-Dog

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Re: Energy Errata
« Reply #40 on: September 29, 2021, 06:08:00 am »
Quote
OK, the Driver shortage is real, but I don't think this occured out of the blue over the last 2 weeks.   It has to have been building for months.  Nobody noticed migrant truckers were going home?  Trucking companies didn't notice their payrolls were shrinking?  What?


how DARE you question the wisdom of the market.

Digwe Must

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Re: Energy Errata
« Reply #41 on: September 29, 2021, 12:52:21 pm »
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Twofer of Chinese Toast issues.

China’s widening electricity crisis caused by coal shortage
https://www.reuters.com/business/energy/chinas-widening-electricity-crisis-caused-by-coal-shortage-kemp-2021-09-28/

Supply chain delays are bad—China’s rolling power outages will make them worse
https://fortune.com/2021/09/28/china-energy-crisis-chip-shortage-supply-chain-delay/

How's that Long Game working out for you?

RE

Gail Tverberg has a good piece on the natural gas situation.  I think overall it supports your assessment of the aroma of burned toast.

https://ourfiniteworld.com/2021/09/25/could-we-be-hitting-natural-gas-limits-already/

I don't know if her conclusions are correct - it's not my field - but the graphs and logic of her position are compelling and she quotes industry sources for reserves, exports, imports, etc.  I'm sure those with actual expertise in the field will have valuable insight.


RE

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Energy at ALL Costs!
« Reply #42 on: September 30, 2021, 09:22:23 pm »

K-Dog

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Re: Energy Errata
« Reply #43 on: September 30, 2021, 09:55:02 pm »
This means the bitcoin mining farms in China will be shut down.  If you have



sell baby sell

Phil Potts

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Re: Energy Errata
« Reply #44 on: October 01, 2021, 01:18:25 am »
This means the bitcoin mining farms in China will be shut down.  If you have



sell baby sell

They outlawed it earlier this year. The whole economic growth paradigm is over.