Idle late night thought about all this UFO stuff:

If an extraterrestrial civilization sent surveillance drones to Earth, it's almost certainly not humanity that prompted it, but pond slime. Image
As I laid out in this old thread, the odds of human civilization's electromagnetic signature showing up clearly at interstellar distances are really low.

The chances of ET civilizations getting spacecraft here since the dawn of the radio age are lower.
HOWEVER the more distinctive signal that Earth might be showing is the abnormally high concentrations of oxygen in the atmosphere, produced by blue-green algae, and theoretically visible by spectroscopy whenever the Earth crosses the disc of the Sun.
Oxygen is very reactive so shouldn't show up in the concentrations of 21% that we see on Earth, without some process forcing it — life.

This is the same theory that led to claims of life on Venus after phosphine was supposedly detected in the atmosphere:
nature.com/articles/d4158…
Earth has has abnormal atmospheric oxygen for a billion years or so, so there's plenty of time for ET civilizations to have sent surveillance drones to check it out.
I'm quite skeptical of a lot of sci-fi scenarios but don't find it at all far-fetched that a civilization not *that* much more advanced than ours would send such satellites to any planets which showed up such suggestive atmospheric signatures.
Think of them as an interstellar equivalent of the thousands of oceanic monitoring buoys floating in the ocean. You just want to keep an eye on what's going on out there.
I think Avi Loeb's theory of that weird asteroid-type object 'Oumuamua is pretty similar: forbes.com/sites/brucedor…

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More from @davidfickling

21 May
It's funny/infuriating that while @ARKInvest et al are spinning an impossible story about crypto mines as a key source of demand for low load-factor renewables, in the real world crypto mines are now a key source of demand for high load-factor fossil fuels.
Load factor is the share of time that a generator is producing electricity.

At the upper end it's roughly:

Nuclear: 90%
Fossil fuels: 85%
Hydro: ~70%
Offshore wind: 60%
Onshore wind: 40%
Solar: 25%
There's nothing wrong with low load factor, and given the spread of renewables technologies and the ability of grids with storage to balance the supply of power through the day with highly variable loads from households, it's not a barrier to net-zero grids.
Read 11 tweets
19 May
One thing worth noting about the radical-sounding @iea announcement that no new petroleum fields need to be developed any more — this is more or less the lived reality of oil majors right now, and has been for years.

Big Oil stopped investing growth capex around 2016.
@IEA There's a few definitions of "new oil" here:

1. "Investment in new fields to *increase* production levels."

2. "Investment in new fields to *maintain* production levels."

3. "Investment in new fields, production may decline."
@IEA Production from a typical oil field declines at 5% to 7% a year (shale is much faster, on the order of 50% or more).

So to hit the IEA net zero output decline path of 4% a year, you arguably still get a little bit of investment in new production.
Read 9 tweets
18 May
How about this for prescience?

An 1858 article about a demonstration of the world's first commercial ice-making machine, which predicted heat pump technology would be most useful for cooling apartments and food:

trove.nla.gov.au/newspaper/arti…
They even predicted that people would have weird debates about whether clear ice or white ice is better!
The coal-powered ice machine was made in London for export to Geelong, in the gold-rush colony of Victoria -- clearly the one place in the British Empire with the wealth to invest in such a wild luxury as refrigeration.
Read 6 tweets
18 May
Why did no one realize there was a world-class palladium deposit on the outskirts of the mining city of Perth? Turns out, no one was really looking. Great piece from @JamesThornhill6 bloomberg.com/news/articles/… via @business
@JamesThornhill6 @business The crazy context for this is that platinum-group metals like palladium are supposedly found in really only two places on the planet: Siberia and South Africa.
@JamesThornhill6 @business There's a third small area in Montana and another in Ontario, the latter of which is thought to have come about because of a freaking *meteorite impact*.

But no one really thought you'd find commercial quantities of platinum in Australia, yet here it is.
Read 6 tweets
18 May
I actually unironically love that Snoop Dogg's cannabis VC firm appears to be very successful:

techcrunch.com/2020/12/21/sno…
If your VC firm's "About Us" section doesn't look like this, you're doing it wrong:

casaverdecapital.com
Read 4 tweets
17 May
I still think until you see RWE do something with its several hundred million tons of allowances, you should be long EU carbon.
RWE is hedged out to 2024 so probably needs about 240m tons of allowances for that alone.

It holds them at an average ~€5.50 and could sell them tomorrow for 10 times as much.

Think about that. The biggest owner of carbon credits *isn't prepared to sell at these prices*.
Also: 240m tons at €55/ton is about €12bn.

RWE holds allowances at cost, so this value isn't reflected in the accounts.

But RWE's entire market cap is only ~€22bn!
Read 7 tweets

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