BRICS Starts Sidestepping the Tragedy of Western Energy Policy

From BOE REPORT

September 6, 2022 7:25 AM Terry Etam

As I spent a summer avoiding energy discussions wherever possible (harder than normal; funny how 15 years of energy policy calamity was uninteresting until record utility bills scorched J. Q. Public’s eyeballs), the lazy days in the sun brought some needed clarity about the energy world, a world over which a sheer madness has descended (Trudeau/Germany/LNG-begging/hydrogen-offering – need I say more?). 

Encircling the globe is an energy turmoil and upheaval of surely historical proportions (I can’t say it’s the biggest; I haven’t seen them all). The problem is obvious enough – a shortage of cheap reliable energy (or more precisely, the purposeful removal thereof) – but the solutions being bandied about seem to be utterly disjointed from any sort of reality (again, Trudeau/Germany/LNG/hydrogen). How can this be? How does the world unfold in such a suicidal way, with governments doing the noose-placing?

Laying in the sun digesting east coast seafood and drinking beer turned out to be way more productive than I’d thought. A few world events of the past decade took form in the mist as massive pillars that are going to define the energy world for the next half century. The cataloguing of these pillars is not an index of human misery or suffering; those move the world in different ways. No, here’s what I concluded were the defining data points of the upcoming energy future.

First on the list is Psy’s goofball hit “Gangnam Style”.

Second was some commentary in Disney’s Q2/2022 earnings conference call where it was noted that, “[Streaming] growth expectations were cut after Disney failed to renew cricket rights for the popular Indian Premier League.”

Third was a totally non-newsworthy essay I read on a socialist rebellion website by a young Australian climate activist experiencing battle fatigue.

Lastly, and tying it up neatly, was the general news flow/vibe coming off the BRICS phenomenon.

I wouldn’t be at all surprised if your list would be similar, but in the off chance it isn’t, here’s why those are noteworthy. The logic even held after the alcohol disappeared from my blood stream, which is always the first crucial step in true understanding.

The first two points are linked strongly, almost the same from the energy tectonics perspective. Psy, in case you don’t recall, is a South Korean pop star (I’m pretty sure the “South” is unnecessary but there you go, fans of pedantry) that, out of nowhere, landed a totally unique hit into the dead centre of western consciousness. The video has been watched 4.5 billion times. I’ve watched it about 0.5 billion times alone; it’s pretty funny.

What was so significant about the song/video’s success is that it emanated from a completely foreign culture. We’re not used to that. Western Europe and North America define pop culture, have for half a century. The world wants to look like Tom Cruise, not Kim Jong Il. Of course other regions have their own dominant cultures, but the western one was the dominant global standard. (If you don’t like that example, consider this: Two British companies (WGSN and Coloro/Ascencial) somehow decide for the world “what colours will be in next year”, and they work with Chinese textile mills to make it happen. I know this to be the case by the following clue: an article on a design website entitled “WGSN and Coloro announce which colours will be hot in 2023”.) 

“Gangnam Style” showed that that dominance was fading, at least somewhat, or that the west showed a particularly strong interest in something pop-culture related that didn’t derive from itself (I know, I know, there are a million small examples of this, but 4.5 billion views…).

Disney’s earnings woes similarly reflect a new type of globalization that is ironically happening as other globalizations fall apart (for example, “free trade” is fading fast as countries scramble to secure the necessities of life). Ten or twenty years ago, Disney’s earning were dominated by the success of their movies, theme parks, and associated merch – think even of “Euro Disney”, an attempt to export the la-la land to Europe. Now, Disney’s earnings at least in significant part rely on…the company securing Indian premier-league cricket rights?!?! Disney, cornerstone of NA pop culture, is now looking to an utterly foreign market for growth (I’d wager that the non-Indian population of the US that watches Indian premier-league cricket would fit in a Ford F-150).

I’ll skip over the third pillar for a second and get to BRICS – an acronym for Brazil/Russia/India/China/South Africa. This block formed a decade or two ago to discuss areas of common interest outside of what the west wanted/dictated, or in reaction to that. BRICS has become very significant this past while for a few reasons: first, other economically-material countries have recently expressed interest in joining and second, the Russian war in Ukraine is, one way or another, forcing or forming new alliances and trading relationships out of sheer necessity. The BRICS countries with a lot of mouths (India and China particularly) are very interested in talking to the demented leader of a country that can feed those mouths, and provide oil, and natural gas, and fertilizer, etc. This is a huge global shift, and in a world of product/mineral/energy/food shortages, necessity will trump all else.

This brings us finally to the fourth pillar, the weary climate activist in Australia. In an essay entitled “There’s No Place for Burnout in a Burning World”, the worn-out guy chronicles his fatigue after more than a decade of “devoting his life to fighting climate change”. He notes how he’d watched Al Gore’s horror flick “An Inconvenient Truth” at age 14 via his father, and how his anxiety over Gore’s Truth led him to such a life’s devotion. 

Here’s the thread to all of this in a nutshell: the burned out activist is a perfect symbol of the “shoot first aim later” reflexive fear reaction that has come to dominate western thought (yet again, Trudeau/Germany/LNG/hydrogen). When you think the world is on fire (literally, in the life of this activist; shortly after watching Gore’s movie he experienced first-hand Australia’s huge fires of several years ago, which solidified like concrete in his mind the “fact” that the world was in fact burning). Once in that mindset, even if there are no fires the next year or the year after in his world, there are somewhere in the world – and our media lets us know that 24/7/365.

Vast elements of the western world still think they control the show (witness North American/European interests attempting to inhibit African development of hydrocarbons, like activist American poindexter Bill McKibben writing in the British socialist journal the Guardian that “we” must stop the east African oil pipeline now). 

Make no mistake about it – the fight for ‘the climate’ is all about control. If the weary and forlorn Australian activist and all his fellow fighters were serious about global CO2 emissions, they would be fighting tooth and nail for nuclear development (they often hate it (Greenpeace proudly proclaims they’ve been fighting it since 1971)), and they would be fighting tooth and nail for natural gas to replace coal in every corner of the world (and that would be a logical integration of utilizing the existing natural gas system as a switch to hydrogen, as the world appears to be racing towards).

These two developments alone – unbelievably daunting, but easier than the renewables/battery dream – would get them where they want to be, emissions-wise. But climate activists do neither, which is why I have zero time for the ‘climate’ debate as it is currently structured and argued in the media.

The “west” – North America and western Europe have about 800 million people. BRICS has over 3 billion, and climbing, as new nations seek to join. They are hungry. They want fuel. They don’t care if is diesel or coal or wind or solar or dung. They want fertilizer. 

“We” want the world to conform, just as it always has (I would bet my bottom dollar that at one time one British monarch or another in some wizened and moldy parlor in a fit of post-dinner joviality sported a t shirt that said “My royal warship went to Papua New Guinea and all it brought me was this tee shirt”). 

“We” are even turning on each other, as is inevitable when absurdist humour governs policy (the Australian activist noted similar cannibalistic behaviour as activists grow frustrated with a lack of results), such as, yet again, Trudeau/Germany/LNG/hydrogen.

Who in their right minds could witness such a farce – a truly-humbled economic giant (Germany) comes begging for fuel, which Canada has in abundance, and Canada offers instead to build them the world’s biggest cotton-candy machine. But what can Germany say to such a gaudy-sweater gift? They are as responsible as anyone, possibly more than anyone, for lecturing the world on how to go about a rapid green energy transition. Germany dominates the EU, so the EU went along. The EU dominates western social-engineering think tanks, so they went along. Canada followed suit because Brussels is closer spiritually to Ottawa than Swift Current.

Consider this: a survey of 1,100 German businesses indicated that 10 percent are considering abandoning energy-intensive businesses, and Germany still refuses to keep open its remaining three nuclear power plants (could be worse, I guess – in the UK, 60 percent of British factories are at risk of going under due to outrageous and at least partially self-inflicted power prices).

All of these western institutions have grabbed the energy reins, and thrown the providers of 80+ percent of the world’s energy into the cellar and padlocked the door. Trudeau’s green hydrogen announcement, as big an international energy policy statement as there’s been in memory, was held far from Canada’s energy heartland, and included no one from the energy sector that is currently shouldering the load.

Not only were they not invited, but Trudeau went out of his way to make an absurd statement about the lack of an economic case for LNG that was akin to a drama teacher going on stage at the Detroit Auto Show and telling the audience to get rid of all their wrenches because he didn’t think they were needed anymore.

The world is marching right past us, here in the west, in a certain way. Fear of a lack of fuel and food will do that to people. We are lucky here in North America to have bountiful resources and we should hold onto that gratitude dearly. It might not always be that way.

Recent studies indicate some people have not bought this book yet. That might explain a lot of the chaos. Pick up  “The End of Fossil Fuel Insanity” at Amazon.caIndigo.ca, or Amazon.com. It’s not too late. Thanks for the support.

Read more insightful analysis from Terry Etam here, or email Terry here

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It doesn't add up...
September 11, 2022 10:15 am

The idiocy of Parliament

https://www.dailymail.co.uk/news/article-11200761/Hydroelectric-turbines-8soon-power-Parliament-harnessing-tidal-power-Thames.html

From what I can find I estimate Parliament is probably chewing through about 30GWh a year. Windsor Castle makes use of a nearby weir where there are a pair of Archimedes screw generators that deliver about 1.4GWh a year, though not when the river is in flood, and probably not when there is drought either. I can find to trace of the project in the FiT register, so it appears not to be subsidised by us.

https://www.hydroreview.com/business-finance/windsor-castle-hydro-plant-to-rely-on-archimedes/

https://www.bbc.co.uk/news/uk-england-berkshire-25762695

The neatest weir is at Teddington, where there has long been controversy over a proposed scheme about twice the size of the one at Windsor. Noone us going to accept the flood risk from building a tidal barrage in central London. So we are left with tidal stream energy.

The O2 Orbital tidal stream project in Orkney has 2x1MW turbines that are 20m in diameter.

experts poured cold water on Sir Lindsay’s plan – with one saying that a Terrace-side turbine would probably only generate enough power to boil a kettle.

Neil Kermode, of the European Marine Energy Centre, warned that the river outside the Commons was too shallow to make a turbine worthwhile.

He said: ‘It’s about two metres deep at low tide so that would limit the size of machines.’

The power generated by a turbine is proportional to its swept area, so even at 2 metres the maximum output would be just 10kW. However, even in the much more favourable conditions of the Pentland Firth where some of the strongest tidal currents found anywhere flow, the average capacity factor is at best 30% .

So we have 3kW. An electric kettle. And we trust Parliament to vote on energy issues.

Last edited 22 days ago by It doesn't add up...
Peta of Newark
Reply to  It doesn't add up...
September 11, 2022 10:49 am

Quote (from the Dailyfail link):”environments like the Thames, with its large tidal range and heavy silt burden’.

My emphasis. Need I say more…………

(I will (say plenty)at plenty other times, not today tho)

Editor
Reply to  It doesn't add up...
September 11, 2022 10:57 am

Yes, but it would be a FULL electric kettle.

It doesn't add up...
Reply to  tonyb
September 11, 2022 11:10 am

My electric kettle runs at 3kW whether it is full or only boiling a mugful. In the latter case it boils in about 45 seconds. 3 Imperial pints (or as they label it these days, 1.7 litres) takes pro rata longer.

Tom Halla
September 11, 2022 10:27 am

Societies do get over obsessions. Eugenics and Nixon’s War on Cancer are the two I can think of offhand, both of which caused major damage while in fashion.

KcTaza
Reply to  Tom Halla
September 11, 2022 5:47 pm

I don’t remember Nixon’s War on Cancer. I was in college and, then just starting my career, so I was quite busy back then. I do know we no longer need to fear cancer as Biden has declared War on it, so cancer will soon be no more.

Then, again, if it works out like everything else Biden has touched, we shall see a huge increase in cancer, so that War is already lost, no doubt.

ozspeaksup
Reply to  KcTaza
September 12, 2022 4:53 am

oddly enough theres reports in of higher than explainable rates of cancers in the 40/50yr olds showing up, they didnt get the oral SV40 cancer carrying polio doses in 1st worlders so whats doing it is to be determined

Timo, Not That One
Reply to  ozspeaksup
September 12, 2022 8:18 am

I have no idea what could possibly cause an increase in cancer over the last couple of years. Must be something that decreases the immunity of a broad number of the population.

Must be glowball warming, rays-isim, or gend-ber dis-fouria.

Sturmudgeon
Reply to  ozspeaksup
September 12, 2022 4:59 pm

jab, jab, jab…

Philip CM
September 11, 2022 10:33 am

Well, the people who are going to pay the biggest price for this ‘Western’, energy suicide pack, are those who live in the greater urban metropolises.
I would not want to be poor and stuck in some inner-city government housing project when the infrastructure fails under the intentional disregard by the ‘greens’. And it’s not going to be much better in crowded suburbia.

IanE
Reply to  Philip CM
September 11, 2022 11:23 am

Mind you, anywhere else, we will be stuck with EVs that have no power source. We will have to grow all our food and wait for rain for a drink as noone will be able to service water supplies.

Jamaica
Reply to  Philip CM
September 11, 2022 1:41 pm

I live in a POC neighborhood in NYC: South Jamaica Queens. I think the blue dumps.will be taken care of because the people here are the D’s base of support.

Philo
Reply to  Philip CM
September 11, 2022 5:10 pm

Thank God we live in an area that is much less than most trying to “PLAN” for folks, With no expertise or understanding dubious “Committtees” in places such as California try to solve VERY DIFFICULT problems without good engineers and jump on huge water restrictions in the prolific part of CA because a small smelt MIGHT move to a different part of San Francisco Bay.

ozspeaksup
Reply to  Philip CM
September 12, 2022 4:54 am

and us rural dwellers are going to cop an influx of them;-(

Steve Case
September 11, 2022 10:48 am

Deleted post.

Last edited 22 days ago by Steve Case
markl
September 11, 2022 11:00 am

If the Marxists succeed in toppling Capitalism who will finance their Utopia?

Philip CM
Reply to  markl
September 11, 2022 11:29 am

Save that for something to talk about while you wait hours queued up to be given a loaf of State bread, only to be given a pair of canvas shoes two sized too small. It doesn’t get more utopian than that. 😏

Fraizer
Reply to  Philip CM
September 11, 2022 5:05 pm

A PAIR of canvas shoes? My aren’t we optimistic.

Richard Page
Reply to  Fraizer
September 12, 2022 1:27 pm

With no more need for vehicle tyres (no more vehicles) these will be repurposed into ho chi minh sandals. Canvas is for the elites, doncha know?

Sturmudgeon
Reply to  Richard Page
September 12, 2022 5:02 pm

Wore my ‘tread’ sandals for many, many years… the tops wore out…

Reply to  markl
September 11, 2022 11:39 am

Equal distribution if misery, except for the party e;ites.

rah
September 11, 2022 11:22 am

It was never about climate or certainly not viable alternative energy. It is about control and expansion of that control globally.

Though this seems OT, I really believe it isn’t. It’s just a different front in the same war.
US life expectancy is in freefall — we can’t keep blaming COVID (msn.com)

I could not help but notice that the decline started about a year after Obama Care passed. Gotta get rid of those worthless eaters.

Last edited 22 days ago by rah
Scissor
Reply to  rah
September 11, 2022 2:11 pm

More recently, some hospitals were able to charge around a half million for treatment of “complex” covid patients in which Remdesivir and intubation were used. They were even given a death bonus and were pretty successful toward that end.

KcTaza
Reply to  Scissor
September 11, 2022 5:49 pm

Scissor, do you have a link for that? I’ve been looking for one. Thanks.

Bryan A
Reply to  KcTaza
September 13, 2022 2:35 pm

Every time a family member of mine wound up being hospitalized the bill reflected an average of about $10,000 per day. At that rate a 50 day ICU Covid stay would run $500,000

Jtom
Reply to  rah
September 11, 2022 3:31 pm

I think those in power have given up on Covid doing the job for them and are now encouraging the importation of fentanyl.

Last edited 22 days ago by Jtom
KcTaza
Reply to  Jtom
September 11, 2022 5:50 pm

Not Trudeau. See my post above about his plans for Canada and the booster.

Ric Howard
September 11, 2022 11:27 am

This link in the article is malformed: 29dk2902lhttps://boereport.com/29dk2902l.html
And this guessed correction served up a blank page: https://boereport.com/29dk2902l.html

Last edited 22 days ago by Ric Howard
Peta of Newark
September 11, 2022 11:31 am

Of course they’d ‘sidestep

C’mon, nobody (in their Right Mind) is going to deliberately step into a Stinking Steaming Great Big Phat Turd.
(The understatement is sweet tho)

No matter how well the BBC, Grauniad or even Griffles and Nick try & manage to polish it

Fraizer
Reply to  Peta of Newark
September 11, 2022 5:08 pm

To be fair, Griff is the only one stupid enough to try to polish a turd. Nick rolls his in glitter.

Streetcred
Reply to  Fraizer
September 11, 2022 7:42 pm

Turd polish now available at your local leftista store

turd polish.jpg
September 11, 2022 11:37 am

“The “west” – North America and western Europe have about 800 million people. BRICS has over 3 billion, and climbing, as new nations seek to join. They are hungry. They want fuel. They don’t care if is diesel or coal or wind or solar or dung. They want fertilizer. “

Add Australia (26 million) and New Zealand (5 million), for 831 million pretending to want Nut Zero. That leaves 7,753 billion people (2020) minus 831 million people, or about 7 billion people, who could not care less about Nut Zero. Many of the seven billion may pretend to care about Nut Zero to get monetary handouts but that’s all they care about. So Nut Zero will fail to stop the rise of the CO2 level even if all 831 million people do their part. Which is not feasible, so that won’t happen.

Everyone knows that Nut Zero proceeds toward failure. And I predict Nut Zero failure will be spun as yet another emergency, which will be said to require more government mandates, lockdowns, and perhaps even martial law to fix This is a Marxist revolution based using the never-ending climate emergency, and I think we know it. even if we don’t say it out loud.

Censorship, and raids on political opponents, are both Marxist totalitarianism:

35 Trump Allies Served With Warrants, Subpoenas According To Steve Bannon | ZeroHedge

Old Man Winter
Reply to  Richard Greene
September 11, 2022 12:08 pm
Last edited 22 days ago by Old Man Winter
Mark Shulgasser
Reply to  Old Man Winter
September 11, 2022 5:19 pm

and Barron Trump’s underwear.

KcTaza
Reply to  Mark Shulgasser
September 11, 2022 5:57 pm

I thought it was Melania’s underwear? Oh, Barron’s is for the other ones who take after J.Edgar. Got it.

Richard Page
Reply to  Old Man Winter
September 12, 2022 1:32 pm

You forgot the Huma Abedin/Anthony Weiner laptop with Hillary Clintons ‘nonexistent’ emails on it.

Bryan A
Reply to  Richard Page
September 13, 2022 2:39 pm

I thought it was the SIM card from Anthony Weiner’s cellphone with the Sexting data on it

Old Man Winter
September 11, 2022 11:45 am

The BRICS rejected “Oppa Net Zero Style”!

NKorlit1.jpg
Last edited 22 days ago by Old Man Winter
Bob
September 11, 2022 11:45 am

Right on the money. The stupidity of the west takes my breath away. Our leadership needs a serious attitude adjustment.

Reply to  Bob
September 11, 2022 2:17 pm

Stupidity? it’s all carefully paid for and orchestrated.
Probably by Putin. Itr will be interesting to see when Putin and Russia collapse yet again, how long all these hard left social justice/climate change/animal rights groups last. And how long papers will print alarmist articles when no one is paying for them.

KcTaza
Reply to  Leo Smith
September 11, 2022 6:10 pm

Putin? Nah. The NWO/WEF don’t need no stinkin’ help from Putin to destroy the world. Do recall, they do NOT want to share power over the world with anyone, let alone Putin. Pretty sure they consider him a challenger to their power.

I’m sure Putin (and Xi) are laughing their heads off at Dementia Joe being installed in the White House and can’t believe their good luck at having the NWO/ WEF do it for them. Joe is their dreams come true. So far, everything Biden and the G7 have done helps Putin. Unbelievable.

On the other hand, at times, I have wondered if Putin and Zelensky are in league with them and that’s why we have a war going on in Ukraine. It was perfect timing for destroying the west’s energy and food supplies. That said, I think the NWO and WEF are not acting in concert with them but I could be wrong, of course. I don’t think I am but who knows?

ozspeaksup
Reply to  Leo Smith
September 12, 2022 4:59 am

putins had little to zero to do with it
unlike the rest of the world Russias balance was in the black
the idiocy is all ussa uk and eu biz davos bilderberg etc led and created oh and lil georgy soros has a part
they all see it as power and money.

Drake
Reply to  Leo Smith
September 12, 2022 5:07 pm

Why Putin? Russia, Russia, Russia?

China is in the middle of all this.

Philo
Reply to  Bob
September 11, 2022 5:18 pm

Besides serious attitude adjustment they require even more education in “How The World Works, For Real”.

KcTaza
Reply to  Philo
September 11, 2022 6:12 pm

They know how the world works for real. That’s why they’re doing Net Zero et al. This is exactly what they wanted to happen and, are making it happen. One thing they are not is stupid. Evil, yes, stupid, no.

Reply to  Bob
September 11, 2022 5:50 pm

re: “The stupidity of the west …”

Yes, in more ways that one. Most here will never know … that’s the ‘thing’ about reigning paradigms; they set the pace going forward for the behemoth (be it a financial or technical behemoth) and eventually, that reigning paradigm gets superseded by something new (its happened before, who are you to deny it won’t happen again?). Oh? You the ‘reader’ think you know al there is about atomic-level physics and as that relates to chemistry (as in ‘physical chemistry’)? Unless you are actually God, you don’t know

Last edited 22 days ago by _Jim
n.n
September 11, 2022 12:00 pm

Thanks for all the fish.

September 11, 2022 12:31 pm

Yes it’s not too late to wake up to the reality of BRICS. The party’s over for the West – the rest of the world are throwing off their colonial “mind-forged manacles” as William Blake called them.

This was the real reason why Putin launched his Ukraine invasion. He doesn’t even care that much what happens on the battlefield. It’s the world audience that matters. The cloak of invisibility has fallen off the American world empire of veiled intimidation, assassinations, military bases and thousands of Washington-funded Trojan horse NGOs in every country on earth. Everyone has woken up to America’s extraordinary interference in countries worldwide and their psychopathic racist death wish against Russia and China in particular. Now it’s all in plain sight.

So the fast expansion of BRICS, the move to ditch the dollar in trading and adopt non western bank credit systems – including even Russian ones like Mir – is all about sealing off the west like a cancer. They’re discovering that international relations don’t have to consist purely of racially supremacist coercive abusive domination. In other words – they don’t need to involve the west.

Frank from NoVA
Reply to  Phil Salmon
September 11, 2022 1:26 pm

What’s interesting is that none of the BRICS (or their fellow travelers) are exactly paragons of limited government / classical liberalism. So what really seems to have alienated them from the West is the latter’s apparent death wish in pursuing ‘net zero’ and wokery.

KcTaza
Reply to  Phil Salmon
September 11, 2022 6:15 pm

Phil, I would have agreed with a lot of what you said if you would have left out the “racist/White Supremacy nonsense. Obama was firmly on-board with these psychopaths. Last I checked, he’s black, or half-black, anyway. Ideology trumps racism any day.

Reply to  KcTaza
September 12, 2022 7:22 am

I accept that such language was excessive and un called for. But many of us in the west don’t realise the amount of resentment in the “rest of the world” at western and American behaviour and attitudes going back many years. Russia has capitalised on this in a bad way. But we have to face the fact that as a whole, the rest of the world has sided with Russia, not NATO, regarding Ukraine. Even if they disguise this in diplomatic language. It would be fruitful to reflect on why this is.

Drake
Reply to  Phil Salmon
September 12, 2022 5:14 pm

We are to blame for $h!thole countries being $h!thole countries because WHY.

I know they have been given permission by the left t blame, as the left does, everyone else for their own failures.

IF they were civilized in the “western” sense, they would not be where they still are over a hundred years after the engineering became available to them to progress.

The tribalism of many of these countries, especially in Africa and the Middle East is the problem. Why do you think the leftists in the US have been pushing the “balkanization” of the US? Divide and conquer, and the end result is a failed country ready for violent authoritarian takeover. We, the US is close. If Hillbillary had won, we would already be there NOW.

Tom Abbott
Reply to  Phil Salmon
September 12, 2022 3:18 pm

“The cloak of invisibility has fallen off the American world empire of veiled intimidation, assassinations, military bases and thousands of Washington-funded Trojan horse NGOs in every country on earth. Everyone has woken up to America’s extraordinary interference in countries worldwide and their psychopathic racist death wish against Russia and China in particular. Now it’s all in plain sight.”

Ridiculous conspiracy theories. Poor Russia and China. They are so abused.

Drake
Reply to  Tom Abbott
September 12, 2022 5:26 pm

I can’t quite totally agree. TRUMP! began to plan withdrawal form worldwide police actions of the US military but immediately got BIG pushback from the Pentagon and almost ALL politicians.

MANY conspiracies exist, but the Brandon/China collusion is not even on the radar.

Brandon continues to pump the Political oil reserve, what a guy. After Clinton used the Political oil reserve in an attempt to boost Gore’s election chances, no shortage of oil. It took years for Bush to get it back to a reasonable level.

Obama also released oil for purely political purposes.

Tom Abbott
Reply to  Drake
September 13, 2022 5:23 am

“I can’t quite totally agree. TRUMP! began to plan withdrawal form worldwide police actions of the US military but immediately got BIG pushback from the Pentagon and almost ALL politicians.”

Where’s the evidence for this? Without evidence, this is just an opinion. I do appreciate that you support TRUMP!. 🙂

That’s the problem I have with all the government conspiracy theories I see. Nobody gets specific. So until they get specific, it is just a conspiracy theory as far as I’m concerned. Anybody can make a sweeping claim. Proving it is a different matter.

Last edited 20 days ago by Tom Abbott
Jamaica
September 11, 2022 1:37 pm

Verbose garbage; guy needs a watermelon and some Solzhenitsyn.

RickWill
September 11, 2022 3:53 pm

The US enjoys a unique position in the world. Able to live well beyond its means by being the world banker. The BRICS alliance is changing that.
comment image
US now owes the rest of the world almost one year’s of its entire economic output.

If USA has to live within its means then all the useless stuff needed to begin the journey to Net Zero coming out of China will need to be traded for useful stuff made in the USA like passenger aeroplanes and weapons that US is still able to produce at world class. Coal exports to China are also gaining pace and a couple of tonnes of coal will get a solar panel back in return.

The greatest threat to US’s position in the world is removing its privilege as global money creator. If US is forced to live within its means, it will be a sobering decline into higher levels of poverty:
https://tradingeconomics.com/united-states/current-account

KcTaza
Reply to  RickWill
September 11, 2022 6:18 pm

You are probably right, Rick. What I can’t understand is why gold and silver has not increased much in value with all that’s going on.

ozspeaksup
Reply to  KcTaza
September 12, 2022 5:04 am

ask the city of london banksters who manipulate it
and then as in the last crash how much paper gold theyve rehypothecated….

Reply to  RickWill
September 12, 2022 4:01 am

China, Japan and other nations are not very interested in purchasing US Treasury Bills, Notes and Bonds with their interest rates so much lower than the US inflation rate.

Instead of loaning their spare Dollars to the US Treasury, they are buying things they need, such as coal.

US Treasury Bills, Notes and Bonds. as of Friday September 9. 2022:

Three-month Treasury bill rates ended the week at 2.945%. 

Two-year government yields up 17 bps to 3.56% (up 283bps y-t-d).

Five-year T-note yields up 14 bps to 3.44% (up 217bps). 

Ten-year Treasury up 12 bps to 3.31% (up 180bps). 

Thirty-year yields up 10 bps to 3.45% (up 155bps). 

10 bps = 10 basis points = 0.1 percentage points

Last edited 21 days ago by Richard Greene
Joel
September 11, 2022 4:02 pm

Europeans are arrogant and living in the past two hundred years.
For most of history, Western Europe has been an economic backwater. The Western Roman Empire episode was short-lived.
Until the recent age of European expansion, Western Europe was a nothing burger to the world. The Mongols couldn’t be bothered to invade. Nothing worth stealing.
So, it looks like Europe is heading back to irrelevance.
No big deal.

Dave Andrews
Reply to  Joel
September 12, 2022 7:12 am

India has recently overtaken the UK to become the 5th biggest economy in the world and is likely to be the third largest, behind the US and China, by 2030.

Africa and Asia have the fastest growing populations in the world and by the end of the century more than 8 in 10 people will come from those continents. Europe ,probably, and the US, possibly, will be eclipsed by Asia and Africa by then.

Simonsays
September 11, 2022 4:03 pm

Maybe the west should learn from Lenin, “Every society is three meals away from anarchy”

Michael ElliottMichael Elliott
Reply to  Simonsays
September 11, 2022 4:23 pm

At last we have a test of just how good “Renewables” really are.

Bring up ” King Island, Tasmania , hydro”.

You will see in real time how the wind is not strong enough, even aided by solar, to supply this small community with 24/7/365 electricity, without using a diesal genetater as back up.

This Island is in the ” Roaring Forties” of the sailing ships, with steady winds.

Highly recommended viewing

Michael VK5ELL

KcTaza
Reply to  Michael ElliottMichael Elliott
September 11, 2022 6:20 pm

Highly recommended viewing
Michael VK5ELL

________

Got a link to that?

It doesn't add up...
Reply to  KcTaza
September 11, 2022 7:52 pm
Reply to  It doesn't add up...
September 11, 2022 8:04 pm

IDAU

Check the email you use for this account.

Drake
Reply to  It doesn't add up...
September 12, 2022 5:32 pm

True success story over 90% diesel.

Why a success, because they had the “common sense” to BUILD the diesel and have the fuel to run it.

Climate Heretic
September 11, 2022 4:10 pm

As if western civilization did not have enough energy problems as it is. Along comes China with this:

https://www.world-nuclear-news.org/Articles/Chinese-molten-salt-reactor-cleared-for-start-up

In addition you have Indonesia tagging along with this:

https://www.nextbigfuture.com/2022/01/174503.html

The above are two examples, other countries are pursuing research into MSR. So what’s the future in the energy sector? It goes something like this

a) Fossil fuels will eventually run out say, 100, 150 or even 500 years.
b) ITER and Tokamak type fusion reactors are failed technology, the following are reasons why:

i) How do you get the fuel in?
ii) How do you get the waste out?
iii) How do you get the energy out?
iv) How do you do i, ii & iii while the fusion reactor is still running?

c) Nuclear PWR have many cons, ie; safety, fuel efficiency and nuclear waste
d) The only answer to the above problems are Molten Salt Reactors (MSR).

i) They are inherently safe, no water needed and low pressure
ii) Fuel efficiency is 3% for PWR as compared with virtually 100% for MSR
iii) Abundance of fuel is 3 (Thorium) times greater than Uranium
iv) Enough fuel to last 1000s of years. If Thorium breeder reactors then 100s of 1,000 years
v) Nuclear waste is minimal, 300 years as compared with 10,000+ years
vi) Can provide society with all the fossil fuels needed /sarc

It will take time and it will happen for MSR to come into being and they present to society or humanity a paradigm shift in the use of energy. Just like the industrial revolution went from wood to coal society will suffer pains as it transitions to the new energy source.

Regards
Climate Heretic

Drake
Reply to  Climate Heretic
September 12, 2022 5:36 pm

Why suffer pains when transitioning to a new energy source?

If we never had the climate hoax, we would have a fully functional “energy” sources so there should NO pain.

Mark Shulgasser
September 11, 2022 5:14 pm

Can I join BRICS?

Richard Page
Reply to  Mark Shulgasser
September 12, 2022 1:39 pm

Isn’t it lucky for them that Brazil wanted to sign up rather than Pakistan….

KcTaza
September 11, 2022 5:41 pm

From the article
“…Who in their right minds could witness such a farce – a truly-humbled economic giant (Germany) comes begging for fuel, which Canada has in abundance, and Canada offers instead to build them the world’s biggest cotton-candy machine.”

Speaking of Trudeau and the scientifically illiterate and authoritarian, as well, now this.

OBEY OR BE LOCKED DOWN: Trudeau threatens that covid tyranny will return this fall if 90% booster shot compliance isn’t achieved
https://bit.ly/3eJzg77
9/11/22

Tom Abbott
Reply to  KcTaza
September 12, 2022 6:17 pm

Trudeau wants to be obeyed. He’s not just a pretty face.

Mark Shulgasser
September 11, 2022 5:43 pm

I think the bankers fear that only the projection of massive new investments can save the financial system from collapse — hence, Green Energy, regardless of cost.

Last edited 22 days ago by Mark Shulgasser
Sumguy
Reply to  Mark Shulgasser
September 12, 2022 10:26 pm

You get it

John Oliver
September 11, 2022 7:13 pm

This obsession with “crimes of empire, oh the horrible racist west” always makes me laugh. Take a look at the history of the world- that of China, Africa, Russia or anywhere-anywhere. It is all brutal in the past long before any “Western crimes of empire “existed, it was the nature of the world until a few countries in the west managed to cobble together a form of government that protected citizens individual liberty.
But if “tit for tat “mentality makes one feel better I would be careful what you wish for when your life is controlled directly or indirectly by the CCP. PS i do understand somepeoples comments above were sarcasm- but not all.

Tom Abbott
Reply to  John Oliver
September 12, 2022 6:37 pm

“it was the nature of the world until a few countries in the west managed to cobble together a form of government that protected citizens individual liberty.”

Exactly. The critics of western nations act like one group or nation dominating another is unprecedented in history until now. The truth is the strongest one rules the roost. That’s the way it has always been and that’s the way it will always be.

Now we just need to see which is strongest, the dictators and bullies, or the free people of the world. Can free people pull themselves out of the tailspin their leaders have put them in over needless CO2 regulation?

There is a serious, dangerous lack of clear-thinking leadership in western nations. It’s mass delusion in the western ruling classes combined with leftwing destructive agendas.They have brought us to the edge of the cliff.

Steve Keppel-Jones
Reply to  Tom Abbott
September 14, 2022 10:59 am

I think we have been deliberately brought to the edge of the cliff, by the good guys, in order to wake us up. Nothing else was going to do it.

ozspeaksup
September 12, 2022 4:49 am

not only BRICSA to consider but the proposed new gold markets being created that will avoid londons stranglehold and then the upcoming russia china etc al response to the SWIFT system as well
usa$ may end up a tad sad as a global currency.
the Eu is looking shakier by the day and values dropping hard
see the uae also decided to drop production back down the other week
so much for FJB begging for more
all up its going to be one hell of a few years upcoming and the mighty may well fall and fall hard
cant say I give a damn, even though there will be global fallout I am past caring
more popcorn!

Richard Page
Reply to  ozspeaksup
September 12, 2022 1:46 pm

A few years ago, after the suggestion that Venezuela had reached ‘peak oil,’ the panic du jour was that we would see the start of the ‘oil wars’ – oil rich countries being invaded and asset-stripped by needy big countries, an idea inflamed by some extremely unfortunate comments at the start of the 2nd Gulf War. I wonder if we’ll start to see a panic over ‘NatGas Wars’ at some point?

Last edited 21 days ago by Richard Page
Yooper
September 12, 2022 5:03 am

Cap has an interesting closing paragraph this morning:

The few anti-authoritarians among us have an increasingly hard job because modern avenues for revolt are being shutdown. So-called “Fact-Checkers” are filtering speech across the internet, and they and they alone decide what’s true, and so, at the behest of their Totalitarian backers, can shape the narrative and so reality itself however they deem fit (and on all topics, too; from AGW to COVID, from the Ukraine to BLM). It’s long time we stand up. It’s time we revolt.

c1ue
September 12, 2022 6:45 am

Pretty good article, but “Gangnam style” is Korean rap.
Hardly indigenous.

RMitchell
September 12, 2022 1:21 pm

Here’s a thoughtful and learned discussion by a local Canadian finance analyst (michael campbell) chatting with commodity trader (i think?) doomberg.substack.com who is talking about the lunacy of the western policies. All sorts of realities and connections made.
The discussion begins at 9:14 “doomberg interview”
https://mikesmoneytalks.ca/september-10th-episode/?mc_cid=26f6f38dc1&mc_eid=2fc4035de7

Last edited 21 days ago by RMitchell
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