Green Energy Reality Check - Jan 12
Posted: Tue Jan 12, 2021 11:11 am
Let me be clear: I am all for "green energy" and I am constantly looking for small-caps that will make a lot of money as $Trillion are spent on rechargeable batteries, EVs, wind and solar. What I'm not for is the incredible amount of BS put out by those that HATE oil, gas and coal. Below is a link to a very good and detailed report on the topic.
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Executive Summary:
As policymakers have shifted focus from pandemic challenges to economic recovery, infrastructure plans are once more being actively discussed, including those relating to energy. Green energy advocates are doubling down on pressure to continue, or even increase, the use of wind, solar power, and electric cars. Left out of the discussion is any serious consideration of the broad environmental and supply-chain implications of renewable energy.
As I explored in a previous paper, “The New Energy Economy: An Exercise in Magical Thinking,”[1] many enthusiasts believe things that are not possible when it comes to the physics of fueling society, not least the magical belief that “clean-tech” energy can echo the velocity of the progress of digital technologies. It cannot.
This paper turns to a different reality: all energy-producing machinery must be fabricated from materials extracted from the earth. No energy system, in short, is actually “renewable,” since all machines require the continual mining and processing of millions of tons of primary materials and the disposal of hardware that inevitably wears out. Compared with hydrocarbons, green machines entail, on average, a 10-fold increase in the quantities of materials extracted and processed to produce the same amount of energy.
This means that any significant expansion of today’s modest level of green energy—currently less than 4% of the country’s total consumption (versus 56% from oil and gas)—will create an unprecedented increase in global mining for needed minerals, radically exacerbate existing environmental and labor challenges in emerging markets (where many mines are located), and dramatically increase U.S. imports and the vulnerability of America’s energy supply chain.
Read the full article here: https://www.manhattan-institute.org/min ... lity-check
My TOP PICKS are for those of you interested in Green Energy:
Nano One Materials Corp (NNOMF)
Nouveau Monde Graphite (NMGRF)
Exro Technologies (EXROF)
and I have recently added E3 Metals Corp. (EEMMF) to my Watch List.
-------------------------------------
Executive Summary:
As policymakers have shifted focus from pandemic challenges to economic recovery, infrastructure plans are once more being actively discussed, including those relating to energy. Green energy advocates are doubling down on pressure to continue, or even increase, the use of wind, solar power, and electric cars. Left out of the discussion is any serious consideration of the broad environmental and supply-chain implications of renewable energy.
As I explored in a previous paper, “The New Energy Economy: An Exercise in Magical Thinking,”[1] many enthusiasts believe things that are not possible when it comes to the physics of fueling society, not least the magical belief that “clean-tech” energy can echo the velocity of the progress of digital technologies. It cannot.
This paper turns to a different reality: all energy-producing machinery must be fabricated from materials extracted from the earth. No energy system, in short, is actually “renewable,” since all machines require the continual mining and processing of millions of tons of primary materials and the disposal of hardware that inevitably wears out. Compared with hydrocarbons, green machines entail, on average, a 10-fold increase in the quantities of materials extracted and processed to produce the same amount of energy.
This means that any significant expansion of today’s modest level of green energy—currently less than 4% of the country’s total consumption (versus 56% from oil and gas)—will create an unprecedented increase in global mining for needed minerals, radically exacerbate existing environmental and labor challenges in emerging markets (where many mines are located), and dramatically increase U.S. imports and the vulnerability of America’s energy supply chain.
Read the full article here: https://www.manhattan-institute.org/min ... lity-check
My TOP PICKS are for those of you interested in Green Energy:
Nano One Materials Corp (NNOMF)
Nouveau Monde Graphite (NMGRF)
Exro Technologies (EXROF)
and I have recently added E3 Metals Corp. (EEMMF) to my Watch List.