American Politics

[QUOTE=JohnClayton;2534028]Doesn't really matter what your political opinion is, how you voted, what news shows you watch -- combustion engines are finished. Ten years from now, gas cars will be like film cameras. As far as the price of gas, it absolutely doesn't matter what Biden does, the (near) long term price of oil is only going one way -- that's down.[/QUOTE]Gas cars will still be here 25 years from now. They aren't going anywhere. Most states don't have enough electricity to handle their demand now let alone when half the population switches to electric cars. The electric cars won't be much use without electricity. If they were smart they would switch everything to natural gas. Texas power failure pretty much proved that.

[QUOTE=GDreams;2532706]Natural gas is why Texas is in crisis. All the valves and control systems don't like the cold so the gas doesn't flow! Solar and wind are taking over because they are cheaper irrespective of government policy. Nuclear is just not economic to build at least not in the US. This week Texas showed what poor policy brings you. They don't plan for freezing weather and when they get it they cannot cope. Wind turbines work in frezzing conditions if you put the anti freeze devices on them. Natural gas flows when you use the correct valves and control systems. Republicans fail again and try to blame everyone but their own policy failures. Maybe if they connected to other grids then they could have been helped out by competent operators.[/QUOTE]Natural gas valves don't freeze up in cold. Canada, Alaska and Siberia were all colder than 40 below in the last month and they didn't have any power failures. The fact is wind will not work in ice storms or sever cold weather efficiently. And then when you have a power outage gas generators or hydroelectric produce high power rates quickly after an outage but wind and solar are slow recovering especially with no sun or wind. Once gain you listened to the idiot progressives like AOC. Don't write these fabricated lies.

What happened in Texas:

[URL]https://www.counterpunch.org/2021/02/26/when-power-grids-secede-what-happened-in-texas/[/URL]

[QUOTE=Canada;2535717]Natural gas valves don't freeze up in cold. Canada, Alaska and Siberia were all colder than 40 below in the last month and they didn't have any power failures. The fact is wind will not work in ice storms or sever cold weather efficiently. And then when you have a power outage gas generators or hydroelectric produce high power rates quickly after an outage but wind and solar are slow recovering especially with no sun or wind. Once gain you listened to the idiot progressives like AOC. Don't write these fabricated lies.[/QUOTE]Yes once again what you say is just plain stupid. It pretty easy for anyone who can read to discover that the it was the gas and coal generators that dropped causing the outages just like it was 10 years ago before there were wind and solar generation all over the place. Having spent 5 years in Mongolian winters I know a little about winterising industrial plants. The reality is wind turbines operate in many freezing climates if you spend the money allow them to operate. Just the same as valves don't freeze instruments don't fail and all the other things don't fail if you spend the money to correct the deficiencies that they experience just 10 years ago. But Texans don't like to spend money they like to be deregulated and put up with failure. I think they should be left to freeze in their own stupidity and greed. But we all know they will behave just like Canada and pretend it was the tooth fairy (AOC) that caused their problems rather than their own stupidity. You must be really happy living in the US that has 75 m really stupid people you can fit right in with.

[QUOTE=GDreams;2535747]Yes once again what you say is just plain stupid. It pretty easy for anyone who can read to discover that the it was the gas and coal generators that dropped causing the outages just like it was 10 years ago before there were wind and solar generation all over the place. Having spent 5 years in Mongolian winters I know a little about winterising industrial plants. The reality is wind turbines operate in many freezing climates if you spend the money allow them to operate. Just the same as valves don't freeze instruments don't fail and all the other things don't fail if you spend the money to correct the deficiencies that they experience just 10 years ago. But Texans don't like to spend money they like to be deregulated and put up with failure. I think they should be left to freeze in their own stupidity and greed. But we all know they will behave just like Canada and pretend it was the tooth fairy (AOC) that caused their problems rather than their own stupidity. You must be really happy living in the US that has 75 m really stupid people you can fit right in with.[/QUOTE]Facts from an anti Trump, as national energy Liberal news outlet is not news.

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CounterPunch is a magazine published six times per yea in the United States that covers politics in a manner its editors describe as "muckraking with a radical attitude". It has been described as left-wing.

That is why you liberals are anti American.

CNN now calls Trump cages for children Migratory residences because Biden is using them.

If you think frozen wind mills generate energy with no wind and solar generates energy in the dark then you are a good socialist.

[QUOTE=Canada;2536006]If you think frozen wind mills generate energy with no wind and solar generates energy in the dark then you are a good socialist.[/QUOTE]Yep you are a genius, wind turbines don't generate with no wind and solar panels don't operate in the dark. Who would believe this if you hadn't said it. Still it seems every but you and your conservative moron friends still cannot grasp that the Texas power failures was brought on by the lack of gas, coal and nuclear capacity due to the cold causing supply and instrumentation failures. But write some more irrelevant bullshit to deflect from an argument you can't win. But try reading this from the people who regulate the power industry in Texas:

ERCOT says 46,000 megawatts were offline as of Wednesday. There are 70 to 80 power plants offline as of Wednesday, out of 680 across the state. Thermal energy -- natural gas, coal and nuclear -- made up 28,000 of those megawatts while wind and solar made up the other 16,000.

"The ability for gas generators to produce, particularly at full output, was affected by the freezing impact on the natural gas supply," Bill Magness, ERCOT president and CEO, said during a livestream Wednesday. "So getting those resources back is the central solution to getting people their power back. ".

Approximately 40% of generators went offline due to the cold weather. The significant drop in power generated led to rolling blackouts across the state as ERCOT tried to keep a balance between the supply and demand in order to prevent a "catastrophic" blackout. This made the outage last much longer than ERCOT anticipated.

As for prepping power plants for extreme cold to prevent generators from freezing, Dan Woodfin, senior director of system operations for ERCOT, says there are national standards being considered, but they have yet to be mandatory.

[QUOTE=GDreams;2536054]Yep you are a genius, wind turbines don't generate with no wind and solar panels don't operate in the dark. Who would believe this if you hadn't said it. Still it seems every but you and your conservative moron friends still cannot grasp that the Texas power failures was brought on by the lack of gas, coal and nuclear capacity due to the cold causing supply and instrumentation failures. But write some more irrelevant bullshit to deflect from an argument you can't win. But try reading this from the people who regulate the power industry in Texas:

ERCOT says 46,000 megawatts were offline as of Wednesday. There are 70 to 80 power plants offline as of Wednesday, out of 680 across the state. Thermal energy -- natural gas, coal and nuclear -- made up 28,000 of those megawatts while wind and solar made up the other 16,000.

"The ability for gas generators to produce, particularly at full output, was affected by the freezing impact on the natural gas supply," Bill Magness, ERCOT president and CEO, said during a livestream Wednesday. "So getting those resources back is the central solution to getting people their power back. ".

Approximately 40% of generators went offline due to the cold weather. The significant drop in power generated led to rolling blackouts across the state as ERCOT tried to keep a balance between the supply and demand in order to prevent a "catastrophic" blackout. This made the outage last much longer than ERCOT anticipated..[/QUOTE]"Canada" is proof that tRUMPettes only believe what tRUMP and other tRUMPettes tell him.

For years, companies pledged sky-high returns even when oil was as low as $50 a barrel. But those promises were never kept. Over the past decade, shale oil and gas producers burned through more than $300 billion in capital spending above the cash generated from oil revenues, according to Deloitte LLP. That resulted in massive flows of oil but little in the way of financial returns to investors.

"WEST PALM Beach, FL—With many voters around the country disappointed that Biden hasn't given them $2,000 yet, Trump seized the political opportunity to promise that if he's elected in 2024, he will ensure every American receives a stimulus check for $2,001 dollars.

"Sleepy Joe promised a $2,000 stimulus, and where is it?" said Trump in a statement from his Mar-a-Lago resort. "Total disgrace. Too busy bombing people in Syria maybe, who knows! Everyone knows I would do a better job of passing stimulus than Sleepy Joe. I'll even do better! $2,001 dollars! How does that sound?

Biden was so outraged by Trump's taunt that he challenged him to a soda-drinking contest at the local five & dime.

According to experts, the presidential race in 2024 will just be a large auction where candidates outbid each other to buy everyone's votes with printed money. Presidential hopeful AOC set a high bar this morning by tweeting a promise of infinity dollars to every American. . ."

[URL]https://babylonbee.com/news/trump-promises-to-give-everyone-2001-dollars-if-hes-elected-president-again[/URL] SATIRE.

[QUOTE=GDreams;2536232]For years, companies pledged sky-high returns even when oil was as low as $50 a barrel. But those promises were never kept. Over the past decade, shale oil and gas producers burned through more than $300 billion in capital spending above the cash generated from oil revenues, according to Deloitte LLP. That resulted in massive flows of oil but little in the way of financial returns to investors.[/QUOTE]You are one of the few investors that did not make money on oil stocks. I bought Exxon in 2001 for $31.90 per share. Since 2001 the share price has been as high as $110 offering investors to cash out at a profit or as I have done just taken the 5-6% dividend every year. Current dividend is 6. 4% which I consider a good return. I bought EOG in 2002 for $10.25 per share and it is $65 today. EOG has paid dividend of 2-4% every year. Bought Conoco Phillips for $20 currently $53 paying 3. 31% dividend. Oil companies have historically paid between 3-6% dividends to shareholder besides their stock prices increasing. I never ever heard major oi companies promising sky high returns Must be a CNN thing. I am sure you are making millions of dollars on the solar and wind industry stocks.

You are correct about one thing. Oil companies have spent billions on investing in USA drilling resulting in USA not being dependent on foreign oil and not having to start wars to protect foreign oil. Consumers have benefited the most with cheap pump prices the last 4 years. But Biden is fixing that. We will kill our oil industry and buy our oil from the Middle East. Already working for Biden. Gas prices have gone up 80 cents a gallon since Biden took office and will go up at least another. 50 to $1. 00 per gallon in the next few months. Oil prices have gone up from $38 to $62 per barrel since Biden too office This hurts the low income families the most.

I am sure your news outlets will dispute this and it is Trumps fault that Biden killed the oil industry.

[QUOTE=Canada;2536300]... Gas prices have gone up 80 cents a gallon since Biden took office and will go up at least another. 50 to $1. 00 per gallon in the next few months. Oil prices have gone up from $38 to $62 per barrel since Biden too office ...[/QUOTE]You're confusing coincidence with causality. Gasoline is up due to cold weather and refinery shut downs. In fact, the prices of gasoline and oil are not very well correlated. Look at the future pricing for Brent. Most people are predicting $50/ bbl for the next year. Oil is a world commodity and Biden, regardless of what he does will be able to do little to affect the price / bbl.

In your opinion was Trump good for the oil industry? Brent started 2020 strong $60. Then it went down to $9 in April! Did Trump do that? Maybe you're a Canadian and you're aggrieved at the Keystone XL decision? Alberta tar sand oil costs ~$80/ bbl to produce, so that pipeline has been a money losing idea since 2014. Given long term supply and demand trends, I don't think anyone who is not the victim of a political cult, believes (sufficiently to bet their money on it) that heavy crude is ever going $100/ bbl again.

[QUOTE=Canada;2536300]You are one of the few investors that did not make money on oil stocks. I bought Exxon in 2001 for $31.90 per share. Since 2001 the share price has been as high as $110 offering investors to cash out at a profit or as I have done just taken the 5-6% dividend every year. Current dividend is 6. 4% which I consider a good return. I bought EOG in 2002 for $10.25 per share and it is $65 today. EOG has paid dividend of 2-4% every year. Bought Conoco Phillips for $20 currently $53 paying 3. 31% dividend. Oil companies have historically paid between 3-6% dividends to shareholder besides their stock prices increasing. I never ever heard major oi companies promising sky high returns Must be a CNN thing. I am sure you are making millions of dollars on the solar and wind industry stocks.

You are correct about one thing. Oil companies have spent billions on investing in USA drilling resulting in USA not being dependent on foreign oil and not having to start wars to protect foreign oil. Consumers have benefited the most with cheap pump prices the last 4 years. But Biden is fixing that. We will kill our oil industry and buy our oil from the Middle East. Already working for Biden. Gas prices have gone up 80 cents a gallon since Biden took office and will go up at least another. 50 to $1. 00 per gallon in the next few months. Oil prices have gone up from $38 to $62 per barrel since Biden too office This hurts the low income families the most..[/QUOTE]I said nothing about my investments. What has you buying stock 20 years ago got to do with anything? Nothing of what you have said changes the fact that in the past 7 years oil companies are $300 b in the whole for drilling against returns. $300 b of subsidies would go a long way towards lots of shiny solar panels and lots of scenic windmills and at least get to breath clean air.

The estimated cost for remediating and capping abandoned oil and gas wells is $2 trillion dollars. Imagine what the cost would be to pay for that at the pump but Republicans are happy for the ground water contamination, the methane leakages the oil seepages because they will accept any consequences if it saves a buck.

[URL]https://www.youtube.com/watch?v=S0tFgPG26vA&feature=youtu.be[/URL]

Here in Rio, Glenn Greenwald asks the important question of why liberals hate Joe Rogan, who is very liberal.

[QUOTE=GDreams;2536540]I said nothing about my investments. What has you buying stock 20 years ago got to do with anything? Nothing of what you have said changes the fact that in the past 7 years oil companies are $300 b in the whole for drilling against returns. $300 b of subsidies would go a long way towards lots of shiny solar panels and lots of scenic windmills and at least get to breath clean air.

The estimated cost for remediating and capping abandoned oil and gas wells is $2 trillion dollars. Imagine what the cost would be to pay for that at the pump but Republicans are happy for the ground water contamination, the methane leakages the oil seepages because they will accept any consequences if it saves a buck.[/QUOTE]If these oil companies lost so much money the last few years how are they still managing to pay 6% dividends to their shareholders every year.

[QUOTE=Canada;2536685]If these oil companies lost so much money the last few years how are they still managing to pay 6% dividends to their shareholders every year.[/QUOTE]In 20152016, the federal government provided $14.7 billion per year to the oil, gas, and coal industries, on top of $5.8 billion of state-level incentives (globally, the figure is around $500 billion!

Republicans keep selling the oil industry as essential to national security.

Hopefully Joe Biden will stop the excessive subsidies those parasite oil companies subsist on.

US is currently on track to shower domestic oil companies with a estimated $20 billion in subsidies this year.

Hopefully smarter minds quit propping up a dying, dinosaur industry that is ruining the planet with unnecessary pollution.

[URL]https://www.theguardian.com/environment/climate-consensus-97-per-cent/2018/jul/30/america-spends-over-20bn-per-year-on-fossil-fuel-subsidies-abolish-them[/URL]#text=A%20 report%20 from%20 Oil%20 Change, figure%20 is%20 around%20%24500 bn).