Natural gas will not be a ‘transition fuel’

I’m amazed at the number of people attempting to sell us on this utter bullshit.

Natural gas isn’t ‘clean’ and we are now likely to simply transition to depending on it more and more.

See chart

#oil #gas #coal #uranium #nuclear
As you can see from the chart above natural gas is already nearly a top source of our co2 output even though it burns cleaner than coal and produces about 1/2 as much co2 per btu.

#climatecrisis
Take note greens… Solar wind etc currently produces basically fuck all of our global energy mix. It also only operates during the day when the wind blows strong and the sunshine’s bright.

#greendreams vs #math #science
All the major vehicle manufacturers have stated they plan to keep ramping up electric vehicle production with a target of being 100% EV only by around ~2035 (some estimate a little longer, reality will be it takes much longer)
When you consider size of the power consumption to feed this growing fleet of electric vehicles the numbers get mind boggling. Estimates are we need to double the global power grid or at least 60% increase by 2040. Massive if amounts of copper and other metals will be needed
Some estimate more copper consumption will occur between now and 2040 then all the copper produced in the planets history! Wire for increased transmission, for vehicles, metals for batteries, wiring out to solar and wind farms to tie them into the grid. The numbers are so huge
Most resource experts I know that have actually done some basic math say this will not happen cause we simply can’t ramp up metal production quick enough. Plus also consider the power / energy demand to produce all this stuff. Mine, refine, fabricate, ship, install.
It’s all massively energy extensive. The entire supply chain!

Another key point both wind and solar require a huge amount of energy to even add them to the grid. Energy must be invested in the materials to make them, plus the manufacturing process, shipping, installation..
Installation often means roads, cement, steel etc. There are numbers all over the place but I personally think at best we invest 5x the yearly output that most solar and wind projects produce.
And remember economic wise we are able to get modest ROI currently only because turbines and solar panels have been manufactured/installed the last few years using cheap oil and coal. (Note roi is still absolutely shit in for low wind regimes, or low sun light regions)
Some people (greens) will have you believe that we can transition to solar and wind eventually as our primary power. But I promise you it would take many many decades and consume huge amounts of power in the process to even make a reasonable dent in global power output
It will also require ‘storage’ if we want to use it for baseload. Massive energy, time and money investment in more mega Comercial battery systems that will need to be added to the grid, or pump storage. Etc. Storage creation and maintenance will require huge amounts of energy
But we will also lose energy as while we store. Be it batteries or pump storage, we lose energy in the process of trying to store it for later use. As batteries age we lose more and more. ROE get worse and then we also have to factor recycling / disposal
So rest assured, without a massive build of of nuclear power, the limitations and time to build out solar and wind with storage will mean we will require fossil fuels in ever increasing amounts for decades to come. If we shut down coal and try to use less oil and gas in cars
We will just require dramatically more natural gas. Because of emerging market still have massive growing demand for electricity for home heating, cooling, fresh water, home appliances, and manufacturing. Plus computers, internet and with crypto currency mining.
The ‘greens’ along with anyone who actually wants us to reduce co2 output need to sober up and look at reality. We need to make a major choice and make it NOW! Nuclear power must be ramped up with a global effort. We can’t simply bullshit ourselves abojt natural gas.
The investment being made in natural gas fired power plants will not be ‘transitional’. This is a complete lie. We cannot simply invest in wind, solar and storage to cover our planets growing energy demands.

Shut down nuclear plants like Germany is doing is preposterous.
With out a big move into nuclear the world or will not only be materially stuck on coal for the next 50 years. We will be consuming insanely higher amounts of natural gas and still pushing out greater and greater amounts of c02.
What should be completely obvious that if this the path we are going to go down we should scrap the electric car and be producing ones that run on natural gas as it will save us a pile of energy. Burning natural gas at a power plant, suffering line loss transmitting..
that power through the grid, then losing more power in the charging of a battery that also takes a lot of energy to make and recycle. Is plain stupid. Nothing green about this. Just a way less efficient way to power cars vs a modern efficient natural gas burning engine.
Current car batteries lose half their range after about 7-8 years. Costly and hugely energy consuming to replace and recycle. It’s truly such a load of crap. I some times wonder why hardly anyone talks about the reality’s of this.
I can only assume it’s a combination of laziness to educate oneself and politicians and mainstream media being bought off by the fossil fuel industry. It could just be mostly just ignorance and arrogance.
When you look at the average age of our elected officials it’s probably also a bit of senility as well. For the last 5 years the USA which should be leader has being split down the middle in gridlock. Fighting over which 70+ year-old should decide our future.
I’m 51. So Trump and Biden are my parents age. Think about that! These guys have spent most of the last 20 years reading only briefs, talking points and teleprompters. And the info contained in those docs are produced by teams that are bought and paid for.
I was an IT guy in the late 90’s. I know the people in this age group very well as I would consult and assist them to get on the internet. When I was very young I would also have to program their ‘VCR’ clocks for them cause they couldn’t figure out how to stop the flashing 12:00
These guys haven’t taken a university level course since the 1960’s. Its time to elect some people that actually read and think. Not ones that just pretend to on TV.

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More from @BambroughKevin

2 Nov
Making a major call here in Nasdaq.

Today’s tech bubble is extremely similar to the bubble of 2000 only greater and it’s extremely close to peaking. $TSLA will be the stock the marks the top of this cycle in my opinion.
“Cisco's price surged to nearly $80 at the apex of the dot-com bubble in March 2000, making it the most valuable company in the world with a market cap of $500 billion”

Yes kids! Cisco systems. 21 years later it trades with a p/e of 22 and a 2.6% div yield / market cap ~$240bln
Cisco $Csco was the tech darling bubble stock of that era. Great company, great products, great future. But it was a bubble stock. Still went down more than 90% from its bubble blow off high. I think it hit $5 a few years later. Great growth. Still an industry leader
Read 14 tweets
30 Oct
@theAlexW provides a very valuable daily (nightly) update. You can also approximate it yourself intraday based on the % change from the previous days close.
What #uranium investors should appreciate is the entire uranium trading world now looks to $u.un as the leading spot indicator. When SPUT trades up and is doing volume at a premium to nav all potential spot sellers consider ‘what SPUT can afford to pay’ and sets offers close
When SPUT flips to a discount to NAV, would be spot sellers know the fund flow tap is turned off and will lower offers in an attempt to get filled by Sprott. As well would be buyers lower bids with confidence that they can put bid Sprott at a given level
Read 11 tweets
29 Oct
$43.50 trades so we are in the $43-44 range now thought we would slip to. Next question is does sput get back to premium here and we find support or will we slip to $41/lb which I think is the back up the truck point for many traders.
I bet someday we may learn that some utilities have played games agreeing to sell some lbs to and fro at month end to mark the price down and save huge dollars on long term contracts that have spot based pricing at time of deliver
All producers should be looking at the marginal cost of production now and demanding hard floors at that level. $cco $KAP should use their positions of power and stop selling lbs with low priced contacts and giving away massive upside
Read 4 tweets
28 Oct
Nobody wants to hear this but with SPUT at a 5% discount to spot I think we likely see spot drop $3-4 or 10%. So that SPUT regains premium around $43/lb
SPUT could slide a little more and at worst spot will slide to $41-42/lb. I’m just guessing short term and the news is ridiculous bullish. I personally thing that spot is ready to rip but we need sput nyse and that will take time.
It’s clear to me that utilities are on a buyers strike and are going to continue to avoid spot until desperate. They will be made to be desperate in time but for now they are content to pay games
Read 8 tweets
21 Oct
Interview with MNO.V CEO

Great to hear and feel the excitement! itunes.apple.com/WebObjects/MZS…
I agree completely with Gilbert. Shareholders have funded this company through next year. Ramping up to 2.6 times more drilling as they go from 1 shift on 3 rigs to 2 shifts on 4 rigs = regular splashy exciting drill results.
The addition of these high grade visible gold intercepts is simply amazing. The cores shown today have NOT been assayed yet and we should get those results in the coming weeks.

This stock is gonna continue to drive higher because nobody wants to sell…
Read 6 tweets
21 Oct
This is simply thrilling. newswire.ca/news-releases/…
"CD-072's three veins hosting visible gold truncating strong VMS mineralization within the CNWE, indicate strong continuity to the CD-049's high-grade gold core of 8.0m @ 71.3g/t Au & 0.4% Cu", commented Dr Adrian McArthur, CEO and President.
This is a huge property. It’s the most exciting discovery I know of given the market cap and potential return. It’s cashed up and is now added more drills. The news flow over the next 12 months could see this company move to up 3-5x. It’s a 10x-20x+ potential play.
Read 11 tweets

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