Behind the Banking Crisis.

I want to recommend a good piece at Conservative Tree House, which I read every day.

It is this post which connects a few dots.

This is where we need to keep the BRICS -vs- WEF dynamic in mind and consider that ideologically there is a conflict between the current agenda of the ‘western financial system’ (climate change) and the traditional energy developers. This conflict has been playing out not only in the energy sector, but also the dynamic of support for Russia (an OPEC+ member) against the western sanction regime. Ultimately supporting Russia’s battle against NATO encroachments.

The war in Ukraine, which probably would not have begun if Trump was president, led to a war of economic interests. The western democracies have invested their future in “climate change,” which used to be “global warming” before the failure to warm made that slogan obsolete. Climate change has evolved into a war on energy production. The Biden regime now has even gone after gas stoves. Since I just bought one, I have an interest. Now, they seem to be going after washing machines. Ours has failed recently so I had better be quick to replace it.

The recent Credit Suisse bank crisis is complicated by the refusal of its largest shareholder, the Saudis, to help with a bail out. Why would this be ? This brings up the topic of BRICS. This is a new financial combination made up of Russia, China, Brazil, India and South Africa.

Read more

The Calculated Infliction of Misery

The sudden recent fatwa declared by the great and good in the Biden Administration against the less-expensive gas ranges was … really rather curious – and for what purpose? Cooking (and heating) with gas is (or was) relatively cheap, energy-efficient, beloved of cooks for generations. It has the advantage that if you have an older stove, you can still cook with gas in a power outage. I lived for six years in Spain, where both the stove and the flash hot water heater were powered by propane bottles, and a power outage (which occurred regularly) was only a relatively mild inconvenience. I could cook a hot meal, and we could take hot showers. An all-electric home, such as the one I live in now is miserable, to the point of being unlivable, without consistent electric power, as my neighbors and I were swiftly reminded during the Great Texas Snowmagedden, two years ago. And from this story, linked on Instapundit, one can’t help wondering if the geniuses in Biden’s government are demonstrating trying again, with the so-called safety benefits of locking hot-water heater thermostats at 110-120. The ostensible reason given for these two quasi-campaigns is a tender concern for the ‘health and safety’ of the general public and the best of intentions, but the way to hell is paved with good intentions.

Read more

A Surprisingly Good Article About Electricity in the MSM

I was pleasantly surprised to read this article today on Fox News. It actually discusses some of the enormous challenges that California will have in trying to live up to some of the “clean energy” promises that have been made.

I am exposed constantly in my industry (HVAC) to the drumbeat of electrification. States, municipalities, and even the federal government are subsidizing electric appliances, vehicles, and other types of equipment and in some cases simply outright banning fossil fuel equipment in new construction.

The thing that has been perplexing me since this show started in earnest a few years ago is exactly what the article addresses. Where do the legislators and others think that the power will come from? Electricity doesn’t fall from the sky and has to be transported to the point of use.

Transmission line projects take years and in the case of California, could a new one even be built at all?

There is a lot to this subject, of course, but at least there was an article published that scratches the surface of some of the “pie in the sky” legislation and addresses the hopes and dreams of those who think installing a huge new base of electrical items won’t cause any issues down the line.

All Hat and No Cattle – Section 25C Tax Credits

I love that expression. There are lots of explanations of the saying, but I take it to mean (and I assume most do) that it is meant to describe a big talker – one who says a lot but doesn’t really have/do much to back it up.

As the dust has begun to settle from the Inflation Reduction Act (I always laugh at that title), that saying keeps going through my head.

There are a lot of things in the IRA that are HVAC related and one of them was the extension and expansion of 25C Tax Credits. Before I go any further, a short primer on tax credits.

Read more

Nuclear News

Some nice nuclear news, and some not-nice nuclear news.

First, the nice nuclear news–the newly-crowned Miss America, Grace Stanke, is an aspiring nuclear engineer and a promoter of nuclear power.

She is a nuclear engineering major at the University of Wisconsin, worked as a co-op at a nuclear fuels vendor (Exelon), and does promotional work for the American Nuclear Society.  Here’s a piece she wrote on breaking down misconceptions about nuclear power.

Now, on to the not-nice nuclear news.  People in 30 questions were asked how much CO2 is produced by nuclear power plants.  52% of the French answered “a lot” or “quite a lot.”  For Germans, the corresponding number was 43%.  And for Americans, the number is 54%.

Here’s the complete set of survey results–all in French, though.  If someone who understands that language well could read and comment on the document, it would be helpful.

A lot of public education and opinion change is necessary if nuclear is to fulfill its potential as an energy source.