184 replies to this topic

[stocks]

Green Energy Insurrection: Aussie Miners, Heavy Industry Threaten Investment Walkout over Energy Prices  

 

Glencore and other major players in Australia’s mining and heavy industry sectors are threatening to shut mines and factories, and divert all investment elsewhere, unless Aussie energy prices fall back to internationally competitive levels.  

 

 Tomago chief executive Matt Howell, who runs Australia’s largest aluminium smelter, said the company was considering cutting production due to “ridiculously high” wholesale electricity prices which would result in job losses. 

 

Electricity prices have skyrocketed in Australia in recent years, thanks to ideologically motivated roadblocks to Australian domestic gas exploration, regulatory hostility towards the Aussie coal power industry, and government attempts to favour the use of unreliable renewable energy over stable baseload fossil fuel sources. 

 

 

 https://wattsupwitht...-energy-prices/

 

 

 

[stocks]

March 26th 2018 8pm and Germany produces 59 GigaWatts of electricity

 

0.00GW from solar.

1.13GW from wind.

9.27GW from nuclear. 

45.5GW from CO2 producing power plants (gas, coal, biomass, oil)

 

 

 

https://sunshinehour...-march-26-2018/

[diogenes227]

[stocks]

The epic stupidity of German green energy part XVII     https://www.theposte...t-a-brick-wall/

 

Despite huge investments in wind, solar and biofuel energy production capacity, Germany has not reduced CO2 emissions over the last ten years.

 

However, during the same period, its electricity prices have risen dramatically, significantly impacting factories, employment and poor families.  

 

Power production from the sun and wind is often quite low and sometimes totally absent. This might take place over periods from one day to ten days, especially during the winter months. Conventional power plants (coal, natural gas and nuclear) must then step in and deliver according to customer needs. 

 

Alternatively, Germany may import nuclear power from France, oil-fired power from Austria or coal power from Poland.

 

In practice, this means Germany can never shut down the conventional power plants, as planned. These power plants must be ready and able to meet the total power requirements at any time; without them, a stable network frequency is unobtainable. The same is true for French, Austrian and Polish power plants.

[Rogerdodger]

Former Tesla workers paint grim picture of Buffalo plant

 

Tesla reported a 21 percent decrease in installed solar systems for the fourth quarter.

 

“That $750 million could have been spread out a lot better to a lot of other companies to stay here in Buffalo than sinking it into one big company”

 

TESLA's $750,000,000 Gigafactory II plant in Buffalo, formally known as Solar City is a failure.

The taxpayer-funded equipment constantly broke down that resulted in production goals never being met and a work atmosphere in which some employees spent more time on personal cell phones than their jobs.

“I don’t know how Gigafactory II has been going on this long without any checks and balances or any government officials or politicians actually monitoring or watching and holding them to some standards.”

“We understand that job cuts like those we announced two weeks ago are never easy, and we are grateful to everyone who departed for their contributions to Tesla’s mission.”

Edited by Rogerdodger, 05 February 2019 - 11:23 PM.