GERMANY’S GREEN NIGHTMARE

Remember ‘Energiewende’– the green energy transition that globalists held up as a green energy model for the world.

Between 2000 and 2019, renewables in Germany grew from 7 percent to 35 percent of its electricity.

German politicians were so convinced that gas and coal were stranded assets that they closed all their reliable power generators, without building any more to replace them.

Meanwhile, the enormous subsidies paid to the renewables sector helped make German retail power costs the highest in Europe.

No matter.  Energiewende was “Germany’s gift to the world” they told us.

In 2020, the German government allocated a record $38 billion to expand green electricity infrastructure even more.

On 7 March 2022, it earmarked another 200 billion for yet more investments in decarbonisation and “greater independence from imported fossil fuels”.

Germany’s Finance Minister Christian Lindner said the funds would be used to expand e-car charging infrastructure, hydrogen production and the construction of more renewable power sources in Germany.

The Minister called renewables “freedom energies”.

He said it with a straight face.

Energiewende has cost Germany $36 billion annually since 2015.  By 2025, the total amount spent will hit $580 billion.

But things are not looking so good for Germany’s Energiewende today, with gas flows from Russia at just 20 percent capacity.

In fact things are starting to look very grim indeed.

It might still be the height of summer, but Germany has little time to lose.

City officials are dimming or turning off streetlights – even traffic lights – while municipal pools and gyms switch off the hot water in a race to reduce energy consumption before winter.

German brewers have been told to stop making beer and there is talk of Oktoberfest being cancelled.

Landlords have turned down the heating on rental properties and asked tenants to take shorter showers.

Germany’s presidential palace in Berlin is no longer lit at night and the spotlights on public monuments have all been turned off.

Fifteen percent of German industries have already cut production, while a third say they will do so shortly.

One is chemical giant BASF SE, who says it is planning to cut the gas-intensive production of ammonia — a key component of fertilisers – due to skyrocketing energy costs rendering the business unprofitable.

Our economic system is in danger of collapsing,” the Premier of Saxony told Die Zeit newspaper.

“If we aren’t careful, Germany could become deindustrialised” he said.

Welcome to life under Net Zero!

A world where nights are going to be cold and dark, where hot water will be a luxury and sports stadiums prepare to do double duty as warming areas for Germans so they don’t freeze to death.

 

To maintain a safe and reliable supply of Powerlink Queensland’s high voltage electricity network, low-flying helicopters will carry out routine maintenance inspections of transmission lines across Central Queensland during July through to September (weather permitting).

Inspections will take place in:
  • Alton Downs
  • Blackwater
  • Bouldercombe
  • Bracewell
  • Duaringa
  • Eton
  • Glenella
  • Gogango
  • Gracemere
  • Greenmount (Mackay)
  • Homebush
  • Kabra
  • Koumala
  • Mackenzie River
  • Moranbah
  • Mount Britton
  • Mount Coolon
  • Nebo
  • North Eton
  • Oakenden
  • Pleystowe
  • South Trees
  • Stanage
  • Stanwell
  • Tieri
  • Valkyrie
  • Victoria Plains
  • West Mackay
  • Yarwun
During the aerial inspections, the specialist helicopter pilot and team will seek to maintain the maximum distance practically possible from houses, livestock and crops. Local residents may see the helicopter moving relatively quickly and at a low level along the transmission lines, and in some instances, it may need to pause to enable closer inspection of the lines.
They aim to be as quick and non-disruptive as possible, but there is potential for some noise during the inspections.
They are also aware that low-flying helicopters have the potential to startle livestock. As such, I encourage landholders with an easement on or near their property to register their contact details with them to receive more information about upcoming patrols.

DOES AUSTRALIA ACTUALLY OWN ANYTHING ANYMORE?

Australia was the world’s biggest exporter of Liquefied Natural Gas in 2021.

So why are we now paying more for our gas than overseas buyers?

More importantly, why are we faced with a crippling gas shortage?

Ask the Queensland Government.

The days of enjoying some of the cheapest gas prices in the world ended when our Government began exporting LNG back in 2015.

Seems LNG exporters have not just been exporting our coal seam gas reserves offshore, but gas from conventional sources as well.

Companies like Esso and BHP Billiton have reaped a windfall from the practice, while domestic households and industry gas users have been left to compete on price with foreign-owned LNG exporters needing to fill their overseas export contracts.

The Queensland Government should have taken a leaf out of the Western Australian Government’s playbook.

It wasn’t stupid.  It passed a law requiring LNG exporters to ensure that 15 percent of liquefied natural gas (LNG) was reserved for domestic use.

This has kept gas prices in WA much lower than those on the East Coast and ensured a secure domestic supply for West Australians.

Over on the East Coast, however, we are hearing of various proposals for building multi-million dollar gas import facilities – presumably to import back what we sent offshore at 100 times the cost.

Just to add insult to injury, a new report shows that virtually all Australia’s gas projects, producers and facilities are now foreign-owned.

The Australian Institute researchers, who had access to the Bloomberg Professional Terminal database, has revealed the extent to which foreign ownership has been grossly under-counted in official figures.

Not only are companies like Shell and Chevron 100 per cent foreign-owned, but so are many supposed Australian companies like BHP, Santos and Woodside.

BHP is actually 94% foreign owned and 82 per cent American owned.

So a more accurate description for BHP, nowadays, would be the “Big American”.

Four LNG Export Projects – Prelude, Ichthys, Gorgon and Queensland Curtis LNG – are 100% foreign owned.

Even the least foreign-owned, Pluto, is 84 percent foreign owned.

The report calculated the average foreign equity share by project capacity is 95.7 percent, with Australia’s share, a measly 4.3 percent.

These foreign-owned gas companies are all funneling their profits to owners overseas, and paying little to no tax on any of it here.

Worse, offshore LNG projects are only subject to a petroleum resource rent tax, not Commonwealth royalties.

Something which analysts say has cost Australians billions of dollars in lost revenue per project.

LNG Export Companies 95.7% Foreign Owned: Research Report

 

THE ELECTRIC VEHICLE SCAM AND OUR CARLESS FUTURE

This whole idea of ‘transitioning’ over to electric vehicles, is starting to look more and more like a huge smokescreen to me.

One masking the true agenda behind Queensland’s ‘zero emissions’ future –getting rid of individual car ownership altogether.

You just have to take a close look at what electrifying the State’s whole transport system would entail, to understand the whole thing is completely impossible.

It means replacing ALL our petrol fuelled cars, trucks, trains, boats, motorcycles, barges and farm transport by 2050.

And probably a lot sooner given the Government’s current roadmap includes a 50% ban on combustion engine sales by 2030, and a 100% ban by 2036.

At that point they will either impose a complete ban or so many pollution taxes no-one will be able to drive them anyway.

People accepted this ‘transition’ largely because they were led to believe they will emerge from the whole process still owning some kind of car, albeit an electric one.

I see three key problems with that idea.

There’s time.

There’s scale.

And there’s cost.

Right now, there are over 1.2 billion motor vehicles in the world.

Just imagine what replacing 1.2 billion motor vehicles is going to mean in terms of energy, labour, cost and resources.

Does the world even have the number of engineers or manufacturing plants needed to build that many EVs, let alone all the new infrastructure and transmission capacity to support them?

In Queensland, we have 4,303,713 million registered motor vehicles, only 8,000 of which are electric.  That leaves 4,295,713 million vehicles to be replaced.

In 2019, Professor Richard Herrington of the Head of Earth Sciences at the British Natural History Museum, told the British Government:

“Converting UK’s vehicles to electricity by 2050 would require two times the total annual world cobalt production, nearly the entire world production of neodymium, three quarters the world’s lithium production and at least half of the world’s copper production.”

That’s just the UK!

“Society needs to understand that there is a raw-material cost of going green”, Herrington wrote.

And that’s the problem.

Governments have not been honest with people about any of this.

Last month, green energy experts admitted that 90-95 percent of the supply chain for EVs simply “DOES NOT EXIST”.

The EV CEO of Ford Motors, RJ Scaringe, spelt it out – “the world simply doesn’t have the resources or supply chain to transition ALL Americans into EVs”.

“All the world’s cell production combined represents well under 10 percent of what we will need in 10 years” he said.

Did you catch that?

90 percent to 95 percent of the EV supply chain does not even exist yet!

Say goodbye to the Kingswood!!

THE END OF SAUDI AMERICA

Sobering news from yesterday’s Commodities Global Summit in Lausanne, with many oil market experts predicting crude oil could hit as high as $250 a barrel this year.

Most see the ban on Russian oil as long-term and potentially leading to a “crude supply shock”, which could devastate the global economy.

“Wakey, wakey” one told attendees.

“We are not going back to normal business in a few months”.

“I think we’re losing the Russian supply on the European side, for ever.”

Others said the ban meant as many as 3 million barrels a day of Russian oil could be lost to the market permanently.

The Head of oil and gas at Standard Chartered said:

“You now have to deal with this as a long-term issue which means YOU NEED TO FIND AN ALTERNATIVE SUPPLY.”

Easier said than done.

As the guy from Houston said, don’t expect the US shale oil industry to be riding to anyone’s rescue.

“The cavalry is not coming” he said firmly.

Why? Because it’s starting to look like the end is nigh for America’s fracking companies.

Less than 4 years after the ‘shale revolution’ reinstated America as the world’s No 1 oil producer, companies in Texas, New Mexico and North Dakota are now saying most of their best wells are tapped.

According to a recent Wall Street Journal review of the US oil and gas inventory, even if shale-drillers kept their output roughly flat, as per 2020 levels, many companies could only continue drilling profitable wells for a decade or two.

If they boosted production 30% to pre-pandemic levels, they would run out of prime drilling locations in just a few years.

So, anyone hoping America will ride to the rescue and suddenly start drilling like crazy to bring up all this shale oil and fix the world’s supply problems, is ‘dreaming’.

According to WSJ, they might be able to do that for 3 or 4 years, but after that they would run out of good core acreage.

There would still be some marginal acreage left, but essentially, the US shale party would be over.

So instead of trying to bail the EU out, the Biden administration should be thinking about what the US will do once its shale oil runs out.

Because if America runs out of oil, then we really will see a “Great Reset”.
And the America that emerged from that wreckage, would bear little resemblance to the one that exists today.

EU COMMITS ECONOMIC SUICIDE – CUTS OFF ITS OWN ENERGY SUPPLY

EU’s decision to ban Russian oil, with two-thirds to be cut immediately and 90 percent by the end of 2022, is mind-bogglingly stupid.

And it’s not just the oil the EU embargoed, it’s gas as well.

The EU is heavily reliant on Russia’s natural oil gas.  Several countries are 100 percent reliant on it.

Russian Energy Giant, Gazprom announced yesterday it had now cut supply altogether to Bulgaria, Poland and Finland, with Denmark next on the list.

Putin, meanwhile, is still sitting pretty over in Moscow.

For eight years he has built up Russia’s productive capacity and basically ‘sanction-proofed’ the whole Russian economy.

Europe, on the other hand, spent the same years in dismantling all its fuel infrastructure and replacing it with unreliable and expensive ‘green energy’.

And before you say anything:-  ‘NO’!  Alternative energies are not going to save the day here.

The EU’s Alternative Energy sector accounts for a tiny sliver of its energy consumption needs, most of which still depends on fossil fuel.

You will NEVER replace that consumption with solar and wind towers – you just won’t.  It’s impossible.

Putin and Victor Orban appear to be the only two world leaders who understand this.

Orban said joining the EU’s ban would have “dropped an atomic bomb” on Hungary’s economy.

Putin simply said the EU’s ban was “economic suicide”.

All of which makes you wonder, ‘what on earth was the EU thinking’?

MSNBC’s interview with EU President Ursula Von Der Leyen the other day, may provide a clue.

The woman clearly has NO idea how oil markets work – AT ALL!

And at the end of the day, isn’t that what this is really about?

A bunch of incredibly ‘unserious people’, most of whom have never held a real job, or produced anything of value in their lives, being gifted with decision-making powers well beyond their capabilities or intelligence?

Anyone who thinks I’m exaggerating here, consider this:-

On 2 March, OPEC nations agreed to release an extra 60 million barrels of oil to ease global fuel shortages.

It sounds a lot, but it’s only a blip compared to what Russia exports each day – 5 million barrels of crude oil.

When you take OPEC’s 60 million and divide it by five, you are left with just 12 days’ worth of what Russia exports.

Not much of a buffer is it!?

And yet that’s the situation they have put us in.