“progress remains below the 11.2 terawatts needed to meet the Paris climate agreement and the global goal of tripling installed renewable energy capacity by 2030” reuters.com/sustainability… Interesting that “Almost 64% of new global renewable capacity was built in China, which alone added 278 GW of solar capacity last year”

And how many coal-fired power plants has China built during the same period?

What does this announcement mean?

Not exactly what everybody thinks. Here is my explanation:

https://twitter.com/EnergzdEconomy/status/1752322848604012570

According to 2019 Aramco bond prospectus, MSC (maximum sustained capacity) "refers to the average maximum number of barrels per day of crude oil that can be produced for 1 year during any future planning period...after being given 3 months to make operational adjustments."

People are Leaving the Mainstream Economy: A Thread

We are seeing the growth of a potentially unprecedented shadow economy in the U.S.

1/ Jobs growth (official numbers) showed less than 200k when analysts expected 500k.

Meantime, nurses, teachers, police etc. are losing jobs for refusing to vax.

2/

The backlog of container ships & tankers off the coast of US ports looks awfully similar to part of the plot of Superman III (1983).
1/6 In Superman 3, Gus Gorman (Richard Pryor) is a convict & computer genius hired by Ross Webster to enrich Webster & cause global problems. They use a supercomputer to direct all tankers to the middle of the ocean & raise the price of oil. (Genius, huh?)
2/6

Here’s what’s going on (a thread):
The biggest “victim” of the $GME event was Melvin Capital. Citadel LLC & others infused capital into Melvin to keep it afloat. wsj.com/articles/citad…
1/6 Citadel LLC is a huge hedge fund which owns, among other things, Citadel Securities. Citadel Securities has been one of Robinhood’s biggest customers. cnbc.com/2019/04/18/a-c…
2/6