Joe Biden is an idiot

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dan_s
Posts: 34471
Joined: Fri Apr 23, 2010 8:22 am

Joe Biden is an idiot

Post by dan_s »

Biden Pushes Debunked Gasoline Price Gouging Claims Amid Hurricane Ian

With Hurricane Ian bearing down the Gulf Coast of Florida, President Joe Biden took the opportunity to once again push debunked claims of gasoline price gouging by the U.S. energy industry during a White House event on Wednesday. Biden said: “Do not — let me, repeat, do not — do not use this as an excuse to raise gasoline prices or gouge the American people. … This small, temporary storm impact on oil production provides no excuse — no excuse — for price increases at the pump. None. If companies try to use this storm to raise prices at the pump, I will ask officials to look into whether price gouging is going on.” But as Energy In Depth has noted repeatedly during 2022, the U.S. oil and natural gas industry does not control the price of crude oil nor the price of gasoline – the prices of both are set by the market forces of supply and demand.

Joe Biden is an idiot when it comes to energy sources that this country runs on. Blaming the energy companies that provide our high standard of living for his Green New Deal crap needs to be stopped.
Dan Steffens
Energy Prospectus Group
dan_s
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Joined: Fri Apr 23, 2010 8:22 am

Re: Joe Biden is an idiot

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NP View: Well done everyone, we’ve let China become the real energy superpower
Beijing keeps generating and burning coal, while also controlling the global market for solar panels

National Post View
Publishing date: Oct 02, 2022

Western governments have repeatedly ignored warnings that assaults on fossil fuels would hobble their economies and make them more dependent on foreign dictatorships, while doing little to curb global warming, because developing countries would not follow suit. Those warnings are proving to be true, as China in particular exploits the West’s green obsessions.

For years, China has been busy building coal plants, at home and abroad, while western countries have shuttered coal generators and spent vast fortunes on renewables. Beijing’s rhetoric changed a year ago, when President Xi Jinping told the UN General Assembly that his country would no longer “build new coal-fired power projects abroad.”

Since that time, however, a new report from the Centre for Research on Energy and Clean Air (CREA) found that China has completed 14 coal-fired power plants on foreign soil, with another 27 set to become operational soon.

Much of this was likely unavoidable, given that they were already under construction at the time of Xi’s announcement. Another 26 plants were officially cancelled, though most of them were scrapped by their host countries, or over other concerns, such as poor economics or local opposition. The real test of China’s commitment will be what it does with an additional 49 coal generators that are in the pre-construction phase.

On the domestic front, China — the world’s biggest greenhouse gas emitter and largest consumer of coal — made a series of announcements last year promising to decrease its reliance on coal over the next five years. Again, it’s track record thus far has been a bit of a mixed bag.

According to CREA, Chinese coal-plant permits increased in the first half of 2022, though “announcements of new projects, construction initiations and completions slowed down.” At the same time, investments in coal-fired generators and blast furnaces “continue at a high level that is not aligned with China’s carbon goals.”

Likewise, data from Global Energy Monitor shows that China has 196,777 megawatts worth of coal-fired generating capacity that has either been announced or approved, and another 93,777 megawatts under construction. If the new plants all come online, they would represent a 27 per cent increase in China’s coal generating capacity.

Odds are that China will either conveniently ignore its previous climate commitments, or make a big show of how it is turning its back on dirty coal, while quietly working behind the scenes to use the move to its benefit. Indeed, at this point, there should be little doubt that the Chinese Communist Party’s feigned interest in emissions reduction has more to do with giving China an economic advantage than some altruistic desire to spare the planet from climate change.

Just last week, China’s lead climate negotiator, Xie Zhenhua, accused the West of failing to live up to its commitments, saying that, “The climate policies of some European countries have shown a backswing,” while China’s efforts stand in sharp “contrast with the European Union.” The goal: Xie hopes to make a massive wealth transfer of $100 billion a year from advanced economies to developing countries, like China, a central plank of the upcoming COP27 conference.

Meanwhile, while advocates of the rapid decarbonization of industrialized economies have been arguing for years that the jobs lost in emissions-intensive industries, like oil and gas, will be replaced with a wealth of new “green jobs,” it appears as though a good deal of them have gone to China.

This was a strategic move that has seen China playing both sides — benefiting from cheap, but incredibly environmentally damaging, coal-generated power, while simultaneously securing a near monopoly on the production of solar panels and rare earth elements, which the West relies on to produce clean energy and electric vehicles.

As of last year, China controlled a whopping 75 per cent of the global solar panel market. And according to InfoLink, a Taiwanese renewable energy consulting firm, European imports of Chinese photovoltaic modules increased 137 per cent in the first half of 2022, compared to a year earlier, as it looks for ways to offset reduced supplies of Russian gas.

“With Europe importing 80 per cent of its solar panels from China, dependencies would merely shift from imported oil or gas to imported solar equipment, leaving much to be desired when it comes to the solar sector as a genuine source of energy security and strategic autonomy,” reads a European Parliament backgrounder from July.

In other words, not only has Communist China managed to gut western manufacturing, at least in part due to its policy of maintaining lax environmental standards to keep costs low while the West crusades against global warming, it has also managed to ensure that Europe’s energy fealties have merely shifted from one dictatorship to another.

There is a lesson in this for Canada, whose Liberal government has turned its back on its predecessor’s efforts to position the country as an “energy superpower” and ensure North American energy independence.

As a result, Canada has seen a steep decrease in investment in the oil and gas sector — from $81 billion in 2014, to an estimated $32.8 billion this year — while Middle Eastern countries like Qatar, Oman and the United Arab Emirates ramp-up production to meet European and global demand. And somehow, Prime Minister Justin Trudeau still thinks there isn’t a “business case” for exporting LNG to Europe.

As many have been warning for years, the Liberals’ full-throttled embrace of global warming fanaticism has come at the cost of our economic fortunes and national unity, with Alberta feeling increasingly disenfranchised within Confederation. Then again, these are issues that have never been of much import to the Trudeau dynasty.

National Post
Dan Steffens
Energy Prospectus Group
ChuckGeb
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Joined: Thu Nov 21, 2013 2:46 pm

Re: Joe Biden is an idiot

Post by ChuckGeb »

All a ruse. He keeps saying, network news keeps showing it without fact checking, and the majority of the Dem base will believe that is what is happening just prior to mid terms. Actually Joe is pretty smart albeit dishonest. Knowing of the upcoming expected OPEC cuts he gets out in front with the narrative that Big Oil Companies are price gouging. Blame it on the big bad wolf, keep saying it, and many will believe it.
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