Sources: Biden to halt all oil, gas & coal leasing on Federal lands & waters

Guest “we told you so” by David Middleton

This is not related to the 60-day procedural mortarium currently in place.

While this is based on anonymous sources, I did hear rumors of something even worse than this on Friday, and it’s inline with what we were expecting… (For readers who don’t know, I am a petroleum geologist/geophysicist and have been working the Federal waters of the Gulf of Mexico since 1988).

Biden prepares to end new oil and coal leases on federal land
By JENNIFER A. DLOUHY AND ARI NATTER on 1/21/2021

WASHINGTON (Bloomberg) –President Joe Biden is poised to suspend the sale of oil and gas leases on federal land, which accounts for about a tenth of U.S. supplies, according to four people familiar with the matter.

The moratorium, which would also freeze coal leasing, is set to be unveiled along with a raft of other climate policies next week, according to the people, who asked for anonymity to discuss plans not yet public. The moratorium is separate from a 60-day leasing and permitting pause ordered Wednesday, two people said.

The move would block the sale of new mining and drilling rights across some 700 million acres of federal land. It could also block offshore oil and gas leasing, though details are still being developed, some of the people said.

Spokesmen for the White House and Interior Department, which overseas leasing on federal land, declined to comment.

[…]

Oil industry leaders and politicians from the Western U.S. have warned the move could harm some local economies where drilling and mining flourishes — while crippling U.S. energy production to the detriment of American consumers. The Western Energy Alliance, which battled Obama-era rules targeting oil drilling, has vowed to immediately go to court to challenge any leasing ban.

“Blocking American companies from accessing our country’s natural resources is bad for American jobs, bad for state budgets and bad for national security. It also raises serious legal concerns,” said Anne Bradbury, chief executive of the American Exploration and Production Council.

Federal lands and waters together accounted for 22% of total U.S. oil production and 12% of U.S. natural gas production in 2019, according to the Energy Information Administration. Onshore federal lands provide about 8% of the nation’s oil and 9% of its natural gas, according to the Bureau of Land Management. Data for 2020 are not yet available.

[…]

Oil industry advocates argue that drilling blockades do nothing to stifle emissions — just shift that crude production elsewhere. “The world is still going to need natural gas and oil under any scenario for a long time,” said Dan Naatz, senior vice president with the Independent Petroleum Association of America. “A leasing ban is just going to ship that production to Saudi Arabia, to Russia, where there are far less stringent environmental controls.”

[…]

World Oil

While idiotic, such a move might actually be legal and would be far less damaging than a totally illegal refusal to approve permits for existing leases. It would simply result in the US importing about 1 million bbl/d more from Saudi Arabia, Russia and Iran by the end of this decade.

NOIA

It would also kill about 500,000 jobs on top of the up to 70,000 jobs Biden killed the day he was installed into office.

Sen. Ted Cruz (R-TX) confronted Secretary of Transportation nominee Pete Buttigieg over the Keystone XL decision on Thursday morning, during Buttigieg’s confirmation hearing. If the administration was serious about infrastructure, Cruz asked, why was it killing an infrastructure project with “good, paying union jobs”?

When Buttigieg said the idea was that “net” jobs created in more climate-friendly industries would be positive, Cruz retorted that that was little comfort to the Keystone XL workers who were being laid off: “So for those workers, the answer is somebody else will get a job?”

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mareeS
January 24, 2021 12:00 pm

We were not talking much about the staff so far as people losing jobs along the construction and supply chain. Hundreds of thousands. Creepy Joe is signing pieces of paper laid in front of him by the Deepsters, and then he is due for a nap and an injection.

Jeff Alberts
Reply to  mareeS
January 24, 2021 12:55 pm

I think he’s already had the injection.

Rhs
January 24, 2021 12:06 pm

But all the oil filed workers can retrained into renewable workers. And to top it off, they’ll love the pay change. Going from 80 – 120k per year down to 40 – 60k year isn’t a hard sell.
At least those are the local wages and experience.

Rhs
Reply to  Rhs
January 24, 2021 12:07 pm

After all, those the well paying wages being advertised for solar and wind installers.

MarkW
Reply to  Rhs
January 24, 2021 12:26 pm

Can they be trained to do coding?

Reply to  MarkW
January 24, 2021 12:39 pm

And yet the Biden Maladmin is now giving the coding jobs to H1B visa applicants from India to pay-off Libtard-run tech companies.

Abolition Man
Reply to  MarkW
January 24, 2021 1:58 pm

That will be part of the training received in the re-education camps for conservatives, Trump supporters and other domestic terrorists! I guess it’s time to reread Solzhenitsyn to get a better idea of what we have to look forward to!

Reply to  Rhs
January 25, 2021 6:44 am

Oilfield pay has always been ephemeral. Oilfield, and all extractive endeavors are by nature boom or bust. The first piece of advice you get from your co-workers with your first oilfield job is to save up. Most – including those who dispense that advice – don’t do it, and end up selling hot tubs or extended auto warranties for big parts of their “careers”. Even with 2 petroleum engineering degrees, professional registration, and a lifetime of steady, private sector international employment, I was tempted to retrain more than once.

Fact is, the lifetime earnings from steady work in alternative energy will end up being just fine – and easier on families. Also, we can bridge many oil workers into it with Biden’s infrastructure campaign to plug and abandon a fraction of the neglected oil and gas wells in the CONUS. I wish we could make those responsible pay for for the liabilities that they freely assumed. But like coal. gold, copper, and other extractive endeavors, we’ve let the extractors slide until it was/is too late…

Carlo, Monte
Reply to  bigoilbob
January 25, 2021 7:41 am

You want a fulfilling lifetime career washing PV modules?

Reply to  Carlo, Monte
January 25, 2021 8:03 am

You want a fulfilling lifetime career washing PV modules?”

Here is the applicant pool for those jobs:

https://work.chron.com/oil-field-worker-salaries-1447.html

So, yes…

Jeff Alberts
January 24, 2021 12:11 pm

More unifying!

MarkW
Reply to  Jeff Alberts
January 24, 2021 12:26 pm

In the left wing lexicon, unification just means that there is nobody left who’s allowed to oppose them.

Jeff Alberts
Reply to  MarkW
January 24, 2021 12:57 pm

I think you’re right, Mark. The De-Platforming will continue until everyone is of the same (insane) mind.

MarkW
Reply to  Jeff Alberts
January 24, 2021 3:58 pm

Katy Couric may have lost her shot at the Jeopardy gig over her talk of having all of the Trump supporters “deprogrammed”. I guess that there are still a few people in Hollywood who realize that insulting half of your audience is not a good marketing strategy.

January 24, 2021 12:26 pm

Accurate List of 2020 Election Fraud Cases Shows 81 Cases Total, 30 Still Active – And NOT ONE SINGLE COURT Has Allowed Evidence to be Argued.

The 2020 election will go down as arguably the greatest fraud in world history. The tremendously popular incumbent candidate, President Trump, was easily winning the race on election night in a landslide and then suddenly multiple states took a break, quit counting, and by the end of the week the election was flipped to Joe Biden.

Then, as the President and his team attempted to address the fraud and alleged abnormalities, the courts refused in any case evidence to be brought before a court of law.

We’ve heard over and over from Big Media that President Trump and his team lost numerous court cases linked to the 2020 election. But this is not accurate.

Here’s what we identified from our research of an accurate and updated list of court cases:

There are 81 court cases to date based on the 2020 election

In 45 cases President Trump was the plaintiff

In 34 cases President Trump is not the plaintiff

In 2 cases President Trump is the defendant

In 72 cases illegal voting is alleged

—-> In ZERO of the 72 cases where illegal voting is alleged has evidence been allowed to be presented: Link to the cases:

http://wiseenergy.org/Energy/Election/2020_Election_Cases.htm

30 cases remain active

In the 2020 election:

Thousands of instances of fraud were alleged

Multiple states changed laws to provide for absentee ballots and the remedy is alleged to be not legal

The FBI to date has done nothing to review the alleged fraud

The DOJ denied any alleged material instances of fraud

The Democrats are accused of the alleged election fraud

The state legislatures certified their results with millions of ballots in question

The US Congress accepted these certified results which ignored the thousands of instances of election fraud

VP Mike Pence accepted the results despite state legislatures asking him to examine the results

—-> And now we know the courts didn’t allow a single instance of evidence of fraud to be presented to date.

Carlo, Monte
Reply to  TEWS_Pilot
January 24, 2021 12:40 pm

The whole deal is a sickening obscenity.

Abolition Man
Reply to  Carlo, Monte
January 24, 2021 2:07 pm

Carlo, Monte
It is even worse when you add in the intentional mishandling of the ChiCom-19 virus for their political goals! Without the panic porn over the virus and the suppression of inexpensive and effective treatments like the ivermectin and HCQ regimens the DemoKKKrats could never have pushed through their extensive voter fraud program spearheaded by Georgia Gov. Stacy Abrams! They only killed 150,000-200,000 US citizens unnecessarily to ensure that Chairman Xiden could be installed! That’s what I call real statesmanship!

Izaak Walton
Reply to  Abolition Man
January 24, 2021 3:27 pm

Neither Ivermectin nor HCQ have been shown to be effective again COVID19 in double blind trials throughout the world. For example see
“The effect of early treatment with ivermectin on viral load, symptoms and humoral response in patients with non-severe COVID-19: A pilot, double-blind, placebo-controlled, randomized clinical trial”published just this week in the Lancet. So again unless doctors around the world conspired to get rid of Trump at the expense of their patients’ lives this claim is nonsense.

Carlo, Monte
Reply to  Izaak Walton
January 24, 2021 4:10 pm

Repeating the Corrupticrat Party lies again?

Izaak Walton
Reply to  Carlo, Monte
January 24, 2021 4:40 pm

Since when do peer reviewed, double-blind placebo-controlled randomised clinical trials count as lies? Exactly what evidence do you have that Invermectin works?

MAL
Reply to  Izaak Walton
January 24, 2021 4:47 pm

There are double blind studies that show the exact opposite. The trick with HQC is to give it early if you do it will reduce hospitalization by five times. Most studies are design to show it does not work by giving it late to late to do any good.

Izaak Walton
Reply to  MAL
January 24, 2021 5:12 pm

So again we are back to an international conspiracy of doctors who would prefer to kill their patients rather than see Trump re-elected.

AGW is Not Science
Reply to  Izaak Walton
January 25, 2021 9:00 am

No, again we are back to people recognizing junk science when they see it and rejecting it as such.

Izaak Walton
Reply to  TEWS_Pilot
January 24, 2021 2:44 pm

This is a load of nonsense from the beginning to the end. To begin with Trump has never been “tremendously popular”. His net favourability ratings have been negative for most of his
term and historically no president has ever been re-elected with such low numbers. In addition he trailed Biden by about 10% in almost every poll since late 2019.

Trump was never “easily winning” the race. Again polls showed that about 80% of democrats were going to vote by mail compared to a small fraction of republicans. Which as many commentators pointed out before the election would lead to a “Trump mirage” see
https://fivethirtyeight.com/features/why-pennsylvanias-vote-count-could-change-after-election-night/
for example.

And looking at the list of court cases most of them do not actually included alleged
instances for fraud. The 2nd on the list for example was filed before the election and so
clearly can’t make any allegations of vote fraud (unless the Trump campaign has a time
machine) rather it makes the claim that mail in ballots could make it easier for fraud to occur
which is a very different claim.

And finally as TEWS_Pilot has pointed out neither the FBI nor the DoJ has found any instances for fraud that could affect the outcome of the election. Biden got over 7 million votes more than Trump and so is the duly elected President.

MarkW
Reply to  Izaak Walton
January 24, 2021 4:00 pm

The big problem with polls, is that none of them are honest anymore. Especially those designed from the get go for public release.
Beyond that, most conservatives that I know do not respond to polls anymore.

Izaak Walton
Reply to  MarkW
January 24, 2021 4:58 pm

Mark,
Where is the evidence that polling companies are dishonest? The issue with accuracy regarding sampling enough conservatives is well known and has been discussed quite widely. But being inaccurate is very different from knowing manipulating the data and if you want to claim that where is the evidence?

Nashville
Reply to  Izaak Walton
January 24, 2021 6:10 pm

Hillary was ahead in all the polls last cycle.

MarkW
Reply to  Izaak Walton
January 24, 2021 7:11 pm

In 2016, every poll had Hillary winning, by substantial margins.
In 2020, every single poll predicted that Biden would win by millions more votes than he eventually (allegedly) got.
Every single poll over samples Democrats.

Izaak Walton
Reply to  MarkW
January 24, 2021 7:33 pm

In 2016 Hillary was ahead in national polls and won the popular vote by about the same amount as predicted. There were few state level polls of similar quality and the better ones showed that a Trump win was within the margin of error for the polls.

Polls might oversample democrats but that doesn’t make them dishonest rather than just plain inaccurate.

Carlo, Monte
Reply to  Izaak Walton
January 24, 2021 4:14 pm

Who pays you to post this schist?

Clyde Spencer
Reply to  Izaak Walton
January 24, 2021 4:46 pm

It is difficult to be sure about numerical support, but it is very clear that Biden supporters had no where near the enthusiasm or commitment as Trump supporters.

Izaak Walton
Reply to  Clyde Spencer
January 24, 2021 5:16 pm

Clyde, Biden supporters had the commitment to turn up and vote in their millions. As for enthusiasm who wants to attend a rally when as a result of it you could very easily end up dying of COVID.

Carlo, Monte
Reply to  Izaak Walton
January 24, 2021 5:42 pm

With tens of thousands of unfolded “mailed-in” ballots with only the Quid Pro Joe Xiden bubble perfected filled in.

Carlo, Monte
Reply to  Izaak Walton
January 24, 2021 5:39 pm

New Mexico law prof:

https://youtu.be/CreVpaDZgOY

Don Perry
Reply to  TEWS_Pilot
January 24, 2021 2:46 pm

It’s beginning to look like Mao was right, “Political power grows out of the barrel of a gun”.

Clyde Spencer
Reply to  TEWS_Pilot
January 24, 2021 4:41 pm

It would appear that the swamp is wider and deeper than we all suspected! However, the jurists may be rationalizing their behavior for the “Good of the many,” because if the truth came out we might have to let a lot of violent felons out of prison to make room for the real seditionists.

January 24, 2021 1:36 pm

Biden’s energy and climate incompetence is on already on full display. In a matter of just a few days after being sworn into office Biden has demonstrated his and the Democratic Party’s colossal incompetence and ignorance of energy and climate realities at home and abroad. His idiotic decision to revoke the permit for the Keystone XL pipeline is a slap at Canada demonstrating that under his administration investors that play by U.S. rules will be subject to arbitrary political whims that represent nothing but phony fighting climate change “optics” so often relied upon by the Democrats pushing this complete climate alarmist bunk. As addressed in a detailed Wall Street Journal article this project would have provided for moving up to 830,000 barrels of crude oil per day from Alberta oil sands to U.S. refineries on the Gulf Coast.
This long environmentally reviewed project has no material impact on greenhouse gas emissions since this crude will still be extracted in any event whether for U.S. benefit or benefit to other adversarial global purchasers. Shipping this crud using rail or tanker would increase CO2 transportation emissions by between 28% to 42% and have higher likelihood of leaks. 
Killing Keystone will strand billions of dollars in Canadian investment alienating a key ally and kill thousands of U.S. jobs including 10,000 American union construction jobs, steel pipe made in the U.S., a 10 million Green Job Training Fund, $500 million for indigenous suppliers and jobs and 100% renewable power to operate the pipeline.
This absurd action by Biden clearly signals that his administration intends to promote energy and climate actions driven by completely irrational “climate panic” propaganda. 
BP’s year 2020 Global Energy Statistical Analysis report provides detailed energy and emissions data over the period 1965 through 2019. For more than a decade the U.S. has been leading the world in reducing CO2 emissions more than any other nation with reductions of over 15 percent since its peak 2007 year amounting to about 1 billion metric tons of CO2 decreases per year with further reductions yet to come. This huge emissions decrease was achieve by using increased amounts low cost natural gas obtained through fracking technology and using this gas to replace much higher emission coal fuel power plants with very high efficiency and lower emissions combined cycle gas turbine power plants.
While the U.S. was leading this more than decade long global CO2 emissions reductions effort the world’s developing nations (which have all signed the Paris Climate Agreement) led by China and India were hugely increasing use of coal fueled power plants and increasing global CO2 emissions by over 5.7 billion metric tons of CO2 per year an amount that greatly exceeds total U.S. CO2 annual emissions. These developing nations have dominated global CO2 emissions for 15 years now and as of 2019 they control 65% of all globe emissions. The developed nations can do nothing to prevent the continuing increase in global CO2 emissions and must not destroy their economies in a futile and misguided effort to due so as cluelessly and dishonestly promoted by the Democratic Party.  
China has been increasing its production of coal fuel since it signed the Paris Climate Agreement with these increases now amounting by over 12 percent of year 2016 levels (the year the Paris Agreement was signed) with year 2019 production levels now at 3.9 billion tons which is the highest coal production in the world. China’s year 2019 total energy use relied upon fossil fuels to provide more than 85% of its total energy needs. China’s use of renewable solar and wind amounted to only about 4.7 percent of its total year 2019 total energy consumption. The Democratic Party uses distortion, deception and dishonestly to falsely champion China as a leader of renewable energy use and emissions reductions while concealing from the American public the huge benefits in CO2 emissions reductions and lower energy costs that the U.S. has achieved by use of low cost high efficiency natural gas obtained through fracking.
The Democrats also falsely promote Germany as an example of the success in increasing use of renewable energy but conceal the huge problems that Germany is now facing with high energy costs and poor electric grid reliability that have been caused by excessive reliance upon costly and unreliable renewables. Germany has spent more than 1 trillion Euros in mandating this change with renewables now accounting for about 40% of its electricity energy. Germany has the highest electricity rates in the EU with average electricity costs about 3 times higher than average electricity rates here in the U.S. Germany is now planning for rationing electricity in order to avoid blackouts because of poor grid reliability caused by excessive use of non dispatchable renewables. The plan includes requiring customers that have more controllable loads to shutdown power for 2 hours each day so blackouts can be avoided. Despite this decades long trillion Euro government mandated renewable program Germany still relied on fossil fuels for meeting about 77% of its year 2019 total energy needs. Germanys CO2 reductions in the last decade amount to about 125 million metric tons per year.
During the last decade the world’s developed nations including the EU and U.S. have reduced global CO2 emissions by about 1.6 billion metric tons per year. All global CO2 emissions increases during the last decade are accounted for solely by the world’s developing nations led by China and India with all these nations having signed the Paris Climate Agreement. China’s annual CO2 emissions are now twice those of the U.S.
Biden is leading the U.S. down a disastrous energy and economic path through the Democratic Party’s bizarre politics that clearly demonstrate its incompetence and ignorance of energy and climate realities.      

Jeff Alberts
Reply to  Larry Hamlin
January 24, 2021 7:13 pm

Democratic Party’s”

Democrat Party, not Democratic.

Reply to  Jeff Alberts
January 24, 2021 9:42 pm

No that is not correct.

Reply to  Larry Hamlin
January 25, 2021 8:45 pm

Yes. They may be a group noun ‘democrats’ but the party name is Democratic Party. Grew out of the Democratic-Republican Party.

Jeff Alberts
Reply to  Duker
January 27, 2021 8:44 am

In that case, the group noun should be “Democratics”.

griff
Reply to  Larry Hamlin
January 25, 2021 4:09 am

‘the huge problems that Germany is now facing with high energy costs and poor electric grid reliability that have been caused by excessive reliance upon costly and unreliable renewables. ‘ Germany doesn’t have any problems from this at all: it has one of the most reliable grids in the world (and you understate its level of renewables BTW)

pochas94
January 24, 2021 2:29 pm

A great opportunity for the Chinese and Russians in the Arctic.

2hotel9
January 24, 2021 2:34 pm

Why are so many people surprised? He said he was going to f***k America for voting Trump and now he is.

Clyde Spencer
Reply to  2hotel9
January 24, 2021 4:48 pm

Are the missing letters “ris” or “rac?”

Jeff Alberts
Reply to  Clyde Spencer
January 24, 2021 7:13 pm

“lin”

2hotel9
Reply to  Clyde Spencer
January 25, 2021 7:05 am

All quite applicable to CCP Joe’s plans for punishing America. Its actually only two, my ** doubles for some reason, but not 8, it singles every time!

Richard Carlson
January 24, 2021 2:55 pm

No leasing=less output=higher prices=more imports.
Russia will be happy, American consumer/voters will be unhappy.
I can hardly wait.

Clyde Spencer
January 24, 2021 4:07 pm

“A leasing ban is just going to ship that production to Saudi Arabia, to Russia, where there are far less stringent environmental controls.”

Considering the past behavior of the Bureaucrat in Chief, and the apple of his eye that hasn’t fallen far from the tree, that may just well be the intention.

Kevin R.
January 24, 2021 5:46 pm

It’s a good thing all those trees were planted during the last thirty years. We’re going to need them for firewood.

Edward Katz
January 24, 2021 6:18 pm

They’re blocking domestic production, while China just announced its 20 20coal production was its second highest on record.

griff
Reply to  Edward Katz
January 25, 2021 4:07 am

Because it blocked imports from Australia… no other reason

2hotel9
Reply to  griff
January 25, 2021 7:07 am

You really are a pinhead. Their USE of coal is expanding with no plans to stop.

January 25, 2021 6:13 am

I don’t agree with decision, but elections have consequences. California has right to limit development on its lands, so does Florida, so does US Fed. You get what the majority votes. If citizens don’t like results, vote different next time.

KT66
Reply to  RelPerm
January 25, 2021 6:32 am

So you think the elections were fair and honest, and that our votes mattered then and will in the future?

January 25, 2021 6:56 am

Every day, the invisible Biden handlers are telling Biden to “get out his pen”, to sign executive orders to open the borders, halt Keystone XL, join Paris, and whatever else they can dream up, to “undo/erase Trump”.

In the evening, Biden can tell his admiring wife, over a sumptious dinner, he has been very busy changing the world, and that he is very tired, because he has been fighting to change the climate.

The whole charade is off-the-charts rediculous.

FOUR YEARS OF THIS FARCE?

Here are some numbers that should wake up everybody.

WORLD AND US PRIMARY ENERGY CONSUMPTION AND CAPITAL COST
https://www.windtaskforce.org/profiles/blogs/world-total-energy-consumption

World energy consumption is projected to increase to 736 quads in 2040 from 575 quads in 2015, an increase of 28%, according to the latest from the US Energy Information Administration, EIA. 
See URL and click on PPT to access data, click on to page 4 of PowerPoint
https://www.eia.gov/outlooks/ieo/

Most of this growth is expected to come from countries that are not in the Organization for Economic Cooperation and Development, OECD, and especially from countries where demand is driven by strong economic growth, particularly in Asia.
 
Non-OECD Asia, which includes China and India, accounted for more than 60% of the world’s total increase in energy consumption from 2015 through 2040.
 
PARIS AGREEMENTS
 
China, India, and other developing Asian countries, and Africa, and Middle and South America need to use low-cost energy, such as coal, to be competitive.
 
They would not have signed up for “Paris”, if they had not been allowed to be more or less exempt from the Paris agreements

Obama agreed to commit the US to the Paris agreements, i.e., be subject to its financial and other obligations for decades. 
However, he never submitted the commitment to the US Senate for ratification, as required by the US Constitution. 
Trump rescinded the commitment. It became effective 3 years later, one day after the US presidential elections on November 3, 2020.

If the US had not left “Paris”, a UN Council likely would have determined a level of renewable energy, RE, spending, say $500 billion/y, for distributing to various poorer countries by UN bureaucrats. 
The Council would have assessed OECD members, likely in proportion to their GDPs. 
The US and Europe would have been assessed at 100 to 150 billion dollars/y each.
The non-OECD countries likely would continue to be more or less exempt from paying for the Paris agreements.

SUMMARY OF CAPITAL EXPENDITURES, CAPEX

The analysis includes two scenarios: 1) 50% RE by 2050, and 2) 100% RE by 2050.
The CAPEX values exclude a great many items related to transforming the world economy to a low-carbon mode. See next section.

50% RE by 2050

World CAPEX for RE were $2,652.2 billion for 2010-2019, 10 years
World CAPEX for RE were $282.2 billion in 2019.
World CAPEX for RE would be $24,781 billion for 2019 – 2050, 32 years; compound growth 5.76%/y
 
US CAPEX for RE were $494.5 billion for 2010 – 2019, 10 years.
US CAPEX for RE were $59 billion in 2019.
US CAPEX for RE would be $7,233 billion for 2019 – 2050, 32 years; compound growth 8.81%/y

100% RE by 2050

World CAPEX for RE were $2,652.2 billion for 2010-2019, 10 years
World CAPEX for RE were $282.2 billion in 2019.
World CAPEX for RE would be $60,987 billion for 2019 – 2050, 32 years; compound growth 10.08%/y
 
US CAPEX for RE were $494.5 billion for 2010 – 2019, 10 years.
US CAPEX for RE were $59 billion in 2019.
US CAPEX for RE would be $16,988 billion for 2019 – 2050, 32 years; compound growth 13.42%/y

Carlo, Monte
Reply to  willem post
January 25, 2021 7:45 am

“What am I signing?” — Dementia Joe Xiden

Robert W Turner
January 25, 2021 7:04 am

We’re dealing with deranged cultists with little grasp on reality and who are now simply rigging elections because they have failed to indoctrinate enough useful idiots to push their draconian agenda. It’s past time for secession, but I guess that will need to wait for a generation with BALLS to be in charge.

Kit P
January 25, 2021 11:05 am

We need a national museum of bad energy ideas to break the cycle thinking that promotes certain things that sound good.

For example, hydrogen fool cells and battery electric cars. Sounded good when I was in high school over 60 years ago.

There should be a special wind dedicated to the concept of the circular firing squad. I learned about this working at a nuclear power plant. Environmental zealots would circle the power plant and start shooting. Aim was bad.

In the navy and commercial power plants had lots of technicians and lawyers to ensure regulations were being followed. The cost per kwh is insignificant. Regulations for handling radioactive waste also hit places like hospitals.

I am all for handling hazardous waste properly. Wind and solar are not exempt and produce more on a kwh basis.

However you make electricity or produce fuel on a industrial scale some environmental zealot will be dragging your to court. They will find an example of it not being done right. People like me will provide evidence of how the project does it right and complies with regulations.

The cost of presenting evidence to a judge is not a problem for nuke but a 10 MWe biomass plant designed to improve forest heath will kill the smaller project.

Biden climate BS will not survive a court challenge. Wind and solar do not produce baseload power. I think I could defend in court that producing 10 % bio based transportation fuels to reduce ghg.

If Biden tries to make it hard regulation, the federal goverment will have to provide an EIS (environmental impact statement) showing no significant environmental impact.

rwisrael
January 25, 2021 8:53 pm

Cutting off the patients leg to cure a hangnail?

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