Category: Climate Cult

A Net Zero Test Drive

Climate Cult Great Reset 24 Comments

Utopia is finally within reach;

Sri Lanka’s new prime minister said on Monday the crisis-hit nation was down to its last day of petrol, as the country’s power minister told citizens not to join the lengthy fuel queues that have galvanised weeks of anti-government protests.

Ranil Wickremesinghe, appointed prime minister on Thursday, said in an address to the nation the country urgently needed $75 million in foreign exchange to pay for essential imports.

“At the moment, we only have petrol stocks for a single day. The next couple of months will be the most difficult ones of our lives,” he said.

“We must prepare ourselves to make some sacrifices and face the challenges of this period.”

Two shipments of petrol and two of diesel using an Indian credit line could provide relief in the next few days, he added, but the country is also facing a shortage of 14 essential medicines.

Lies, Damn Lies and Liberal Lies

Climate Cult Shiny Pony There Goes The Narrative 24 Comments

That new country idea keeps looking better every day.

Lorrie Goldstein- Trudeau’s carbon tax cheques will make most of us poorer

My view is that the Trudeau government’s carbon tax has always been a Trojan horse or, if you prefer, an elaborate bait-and-switch scheme, built on the logical fallacy that paying a new tax will make most people richer.

Trudeau obviously hopes that when people living in the four provinces where his carbon tax applies start receiving quarterly cheques in July — with an initial double payment to cover the January to June period this year — they’ll forget that most of them will be paying more in carbon taxes than they’ll get in rebates.

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Why Freeze in the Dark?

Climate Cult Great Reset 29 Comments

Winter’s too far off. They plan to get “dumber for the summer”.

Wall Street Journal- Electricity Shortage Warnings Grow Across U.S.

From California to Texas to Indiana, electric-grid operators are warning that power-generating capacity is struggling to keep up with demand, a gap that could lead to rolling blackouts during heat waves or other peak periods as soon as this year.

The risk of electricity shortages is rising throughout the U.S. as traditional power plants are being retired more quickly than they can be replaced by renewable energy and battery storage. Power grids are feeling the strain as the U.S. makes a historic transition from conventional power plants fueled by coal and natural gas to cleaner forms of energy such as wind and solar power, and aging nuclear plants are slated for retirement in many parts of the country.

The Sound Of Settled Science

Climate Cult Unsettled Science 23 Comments

AP News;

Cleaner air in United States and Europe is brewing more Atlantic hurricanes, a new U.S. government study found.

The National Oceanic and Atmospheric Administration study links changes in regionalized air pollution across the globe to storm activity going both up and down. A 50% decrease in pollution particles and droplets in Europe and the U.S. is linked to a 33% increase in Atlantic storm formation in the past couple decades, while the opposite is happening in the Pacific with more pollution and fewer typhoons, according to the study published in Wednesday’s Science Advances.

NOAA hurricane scientist Hiroyuki Murakami ran numerous climate computer simulations to explain change in storm activity in different parts of the globe that can’t be explained by natural climate cycles and found a link to aerosol pollution from industry and cars — sulfur particles and droplets in the air that make it hard to breathe and see.

Bare Cupboards Biden

Climate Cult Democrats Drill, Baby, Drill Great Reset 18 Comments

ZeroHedge- Biden Admin Cancels Huge Alaska Oil And Gas Lease As Gas Prices Hit Record Highs

The Biden administration has canceled one of the most high-profile oil and gas lease sales which was pending before the Department of the Interior, at a time when Americans are suffering from record-high prices at the pump.

“The Department also will not move forward with lease sales 259 and 261 in the Gulf of Mexico region, as a result of delays due to factors including conflicting court rulings that impacted work on these proposed lease sales,” said an agency spokesperson.

Fox- The baby formula shortage continues to get worse

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Blast from the past

Climate Cult It's Probably Nothing 27 Comments

Who can forget the heady days of November, 2021? It all seems so long ago…

Rivian went public on Wednesday, marking the largest IPO in the United States since 2014. The electric pickup and SUV manufacturer priced its stock at $78 a share and raised about $12 billion, which the company plans to spend on boosting production and designing more vehicle models. While that price set Rivian’s valuation at around $70 billion, the carmaker’s market capitalization surged above $90 billion, after the stock started trading at nearly $107 a share on its first day.

I’m guessing there are more than a few investors out there wishing they had never heard of Rivian in the first place. After all, the price didn’t get to $179 unless someone ponied up that much money.

 

Freezing sparky cars

Climate Cult Cold Dead Hands 35 Comments

Maybe EVs should come with a small propane heater for your trip. If Shiny Pony has his way, a winter car ride is going to become a race to arrive at your destination before hypothermia sets in.

But it wasn’t just the duration of the journey that was appalling – the temperature during the journey was anything but funny: the heating stayed off for almost the entire return journey in freezing temperatures: Because the colder it is, the more the operation of the heating systems puts a strain on the electric car battery.

For the trip, Brack covered herself with a hat, scarf, gloves and generally warm clothing, because after the first full charge, the VW e-Up shows a range of just 216 kilometers. And even this information is not guaranteed, which is why Brack opts for the so-called Eco-Plus mode and, of course, for the heating to be switched off. When the windscreen is frosty, heating wires ensure a clear view, so the reporter driving the test can do without the power-guzzling fan heater completely.

Sparky cars: burning investment capital

Climate Cult It's Probably Nothing 30 Comments

Given the torrid pace of online retail sales the last two years, I was a bit skeptical when I saw this headline. But once I got a few sentences into the piece I saw the reason for Amazon’s stock slide.

EVs are just one industry whose lifeblood is zero percent interest. Now that we are moving in the opposite direction, investors can look forward to even more losses.

The company attributed the loss largely to a $7.6 billion loss from its investment in electric automaker Rivian Automotive. Rivian, into which Amazon led a $700 million investment in 2019, has seen its stock plummet more than 75% since its blockbuster November 2021 IPO.

The Amazon loss came the day after Ford, another early investor in Rivian, took a $5.4 billion pre-tax charge related to that investment, resulting in Ford reporting a $3.1 billion net loss for the first quarter.

 

 

Magical thinking

Climate Cult More Money Than Brains You Might Be A Liberal 15 Comments

If I had a dime for every time a government predicted a budgetary surplus while simultaneously promising billions in new spending on a host of money-losing boondoggles, I might have enough to buy Twitter too. This question comes to mind: with “conservatives” like Ford in charge, who needs the Liberals?

Despite investments and enticements for voters — including a promise to invest more than $85 billion over the next 10 years to build highways, transit and other infrastructure projects to fight gridlock, boost the economy and create jobs — Ontario is projected to return to a surplus position by 2027–28. 

 

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