Duke of Marmalade
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Admittedly he is a young lad, but these days historic facts are readily available:
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Simon says this is the worst oil crisis the world has ever seen
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Sister Sara
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I was thinking something similar. However, my sense is that this situation has not yet peaked and we may be hurtling towards a significant unknown period of high oil prices.
Ceist Beag
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It would be quite amusing, especially given his often aired personal views on the matter, if one of the legacies of the Trump administration was to be the period when the pendulum swung firmly towards electric cars over ICE. Solar panel sales will probably go through the roof as well, pardon the pun!
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Unfortunately within the next few decades there is no way we will produce enough electricity using wind and solar to replace the burning of Hydrocarbons. Given the increasing amounts of power consumed globally I don't think it will ever happen.
Is the old Duke talking about oil price increases in the 1970s while oil was in short supply The World was better able to cope with the shortage back then,
Is the young Simon on about the Availability of oil and the power of some well known country's to damage the long term supply , we will find out later today,
That doesn't stop the lunatics spending millions needlessly on buses that cannot be used in the short to medium term, just left to rust in depots.
Good idea badly executed.
We should absolutely move away from Hydrocarbons. The alternative is more interconnectors to access French clean and green nuclear power and a Navy to protect it or our own Nuclear capacity. That would be very expensive in the medium term but would solve our long term energy supply problems.
If we used Renewables and Nuclear we'd have to spend around €10 billion to build that Nuclear capacity (split over 2 plants). It would take up to 10 years to build. I think it would be money well spent.
Sister Sara
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Widespread disruption occurring with hauliers, farmers, bus drivers and others impacted by rising fuel costs.
Fuel rations being implemented or proposed in many countries throughout the world.
That, and a madman in the White House threatening to "liberate" the Iranian people by destroying their entire civilisation.
and now reports that attacks have begun on Kharg island
www.rte.ie
Fuel rations being implemented or proposed in many countries throughout the world.
That, and a madman in the White House threatening to "liberate" the Iranian people by destroying their entire civilisation.
and now reports that attacks have begun on Kharg island
US-Israeli strikes hit Iran's Kharg island - media
US-Israeli strikes have hit the key Iranian oil export terminal of Kharg island, Iranian media has reported.
Iraq, ancient Mesopotamia, has already been looted and vandalised.
Iran has been savaged by the barbaric fundamentalists who rule it now.
Persia is probably the oldest civilisation in the world. Civilisation (towns and agriculture) in the Iranian plateau date back to 7000BCE with large towns and cities dating back to nearly 4,000BCE. Breaking that thread of culture and civilisation would be an utterly appalling act.
This man (i.e. SH) should not be let out without adult supervision. It’s not the worst oil crisis. Or rather it’s not for the USA. (But it is for Europe.)
The US imports a relatively small share of its total energy needs — about 17% of its domestic energy requirements. https://www.hydrocarbonengineering....share-of-us-energy-supply-in-nearly-40-years/. But for the EU we import around 60% Energy import dependency in Europe - statistics & facts | Statista .
As oil is priced in USD, importing states e.g the EU must either hold significant amounts of USD treasuries; buy USD on demand or invest in USD denominated assets. This turns the terms-of-trade in favour of the US. Retail investors in the EU should remain invested in USD denominated assets, and perhaps increase their allocations, not only because ‘the USA is better’ but because investing in U.S assets can offset the economic risks that will almost certainly hit Europe hard during the current energy crises.
The US imports a relatively small share of its total energy needs — about 17% of its domestic energy requirements. https://www.hydrocarbonengineering....share-of-us-energy-supply-in-nearly-40-years/. But for the EU we import around 60% Energy import dependency in Europe - statistics & facts | Statista .
As oil is priced in USD, importing states e.g the EU must either hold significant amounts of USD treasuries; buy USD on demand or invest in USD denominated assets. This turns the terms-of-trade in favour of the US. Retail investors in the EU should remain invested in USD denominated assets, and perhaps increase their allocations, not only because ‘the USA is better’ but because investing in U.S assets can offset the economic risks that will almost certainly hit Europe hard during the current energy crises.
Sister Sara
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I agree. It's appalling that we are listening to this from the office holder of The President of The United States of America.
I have no doubt that there will be (are) moves afoot to have him removed. By fair or foul means Trump will not see out his term.
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I think there is zero chance that will happen. I also think that it would be worse for the world and for America if he was removed from office as the fallout would be very destabilising (yes, even worse that this).
The best option is a heavy defeat in the mid terms and a Democratic House and Senate. Then the Democrats have to find a Centralist (electable) candidate to run in the next Presidential election.
Sister Sara
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Probably wont happen but I'd be surprised if some attempt to oust him are not being plotted. Certainly a Democrat House and Senate would go someway to pull the reigns on him.
The ceasefire points for negotiation from what I've seen look like the US and Iran are a million miles apart. Trump is pointing to re-opening of SoH as a victory even though it was open before he started this war. Reports that Iranian attacks continue on UAE suggesting that the Iranian leadership (whoever that might be) is not in full control of its military.
I heard the tarrif negotiations being described as America putting a dead fish on the table and then starting negotiations about the best way of getting the dead fish off the table. This seems similar.
My fear in all of this is an emboldened Iran, led by the same fundamentalist lunatics, spreading extremism and terror across the Middle East and further afield, and an increasingly extremist and more isolated Israel doing much the same thing, if in a far more confined theatre of operation.
Sister Sara
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It didn't take long for someone to try end Trumps tenure. Apparently an American terrorist.
No, if we got someone like BAM to build them, the bills would be never-ending, and the completion / hand-over / commissioning dates would never be reached.
Instead, we should cut down all the rubbish, evergreen non-native trees planted in bogs, burn them as fuel because the next strong wind will knock them down anyway, then we can go back to harvesting turf as we have for centuries. We'd also reduce the suphuric acid falling as rain on our country.
If we stuck to the design as specified in the contract then BAM would build it at the contracted price. Anyway, there are a small number of specialist companies who can build them.
That would be an environmental disaster and wouldn't solve our energy problem.
We should probably cut down the evergreens and re-wet the bogs, which would help our flooding problems in the midlands, but we definitely shouldn't harvest the turf.
Do we need to reduce it more? Emissions of the contributory elements has dropped significantly since the '90s, meting or exceeding EU reduction targets. Industrial sources and fossil fuels were always the far greater contributor of these elements. Burning more timber and turf would increase acid rain. Burning turf releases significantly more sulphur dioxide emissions than burning wood
And of course importing solar panels, EVs, steel and other construction materials, or radioactive materials from China, India, Russia, etc will of course sort out the global environmental and energy problems. They only use environmentally friendly manufacturing materials and methods, that don't pollute, have defined useful lives for the materials they produce, and have recognised safe disposal methods for them, and the distributors here have safety measures in place in case of fire and other emergencies.
"Isn't it ironic", as the late Nanci Griffith used to sing, God rest her, not having much clue about irony.