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The Inevitable Death of Natural Gas as a ‘Bridge Fuel’

Alternative Energy

Los Angeles Mayor Eric Garcetti recently announced the city is scrapping plans for a multi-billion-dollar update to three natural gas power plants, instead choosing to invest in renewable energy and storage.

This is the beginning of the end of natural gas in Los Angeles,” said Mayor Garcetti. “The climate crisis demands that we move more quickly to end dependence on fossil fuel, and that’s what today is all about.”

Last year America’s carbon emissions rose over 3 percent, despite coal plants closing and being replaced in part by natural gas, the much-touted “bridge fuel” and “cleaner” fossil fuel alternative.

As a new series from the sustainability think tank the Sightline Institute points out, the idea of natural gas as a bridge fuel is “alarmingly deceptive.”

But signs are emerging that, despite oil and gas industry efforts to shirk blame for the climate crisis and promote gas as part of a “lower-carbon fuel mix,” the illusion of natural gas as a bridge fuel is starting to crumble.

Market Forces

While Mayor Garcetti may be right in predicting the downward slide of natural gas for power generation, climate concerns won’t drive that change — just simple economics.

It wasn’t long ago that President Obama — who was accused of starting “the war on coal” because of air quality regulations — was touting the benefits of “clean coal.” But automation in the coal mining industry and competition with cheaper renewables and natural gas began taking a toll on coal.

The struggling coal industry thought things were looking up when Donald Trump was elected, with his promise to bring back coal.

But he has failed.

Most recently, President Trump tweeted that the Tennessee Valley Authority (TVA) should vote to keep two old coal power plants open.

Nevertheless, the TVA voted to close those coal plants and said it expected the move would save a billion dollars in future costs. Burning coal for electricity is increasingly incompatible with profits.

Gary Jones, the economic development director for the Kentucky county where one of the closing coal plants is located, acknowledged this economic reality in his comments to The Wall Street Journal, saying: “We definitely don’t blame him [Trump] for this. It’s the market.”

Exactly. Coal can’t compete with the historically low and unsustainable price of natural gas in the U.S. when it comes to power generation. And it can’t compete with renewables either.

In July 2016 I wrote the following about a presentation on coal at the annual Energy Information Administration conference:

“The presentation on India ended with the following conclusion: Cheap coal remains critical to Indian economic growth.”

India was all-in on coal for the next few decades, and yet in the two and half years since I wrote that, renewables have been hurting India’s coal industry. Why?

Just like in Tennessee and Kentucky, it’s the market. But it isn’t natural gas taking down coal in India, it’s wind and solar, according to a recent Reuters column by Clyde Russell:

… the main reason coal may battle to fuel India’s future energy needs is that it’s simply becoming too expensive relative to renewable energy alternatives such as wind and solar.”

Coal power plant in Germany
A coal power plant in Datteln, Germany. Credit: Cropped from image by Arnold PaulCC BYSA 2.5

A similar situation is unfolding in Germany, which aims to close all its coal plants in the next 20 years. The natural gas industry initially saw this as an opportunity to slide in and replace coal, but the lower cost of renewable energy may lead Germany to skip the “bridge” offered by natural gas and move straight to renewables, which already provide over 40 percent of the nation’s power.

According to Bloomberg, a large German energy company’s study predicts natural gas use in Germany (and other European countries) will likely decline. Why?

… the cost of solar and battery systems will fall far enough that renewables may become the most cost-effective way to generate new flows of electricity.”

Compare that to 2014, when industry giants were trash-talking the future of renewables in Europe. At an energy industry conference, Paolo Scaroni, the CEO of oil and gas company Eni, said that Europe is realizing that renewables are “more a problem than a solution,” and Siemens CEO Joe Kaeser said, “Using solar panels in Germany is like growing pineapples in Alaska.”

Now renewables are the solution. And that certainly poses a problem for the fossil fuel industry.

Building new natural gas infrastructure looks like a bad investment right now to cities like LA when renewables are already competitive. Natural gas seems poised to join coal as another fuel that just couldn’t compete with renewables.

Here are more reasons why that’s the case.

Natural Gas Prices Headed Up, Renewables Down

Workers in a wind turbine parts manufacturing facility in Arkansas.
A Nordex wind turbine parts manufacturing facility in Jonesboro, Arkansas. Credit: Department of Energy, public domain

The price of renewable energy and storage is trending downward while the already super-low price of natural gas — especially in the U.S. — has nowhere to go but up.

While India and Germany already are finding renewables cheaper than fossil fuels for power generation with today’s technology, further advances in research and development as well as manufacturing will continue making renewables even more competitive.

MIT professor and former CIA director John Deutch recently presented a study entitled, “Demonstrating Near Carbon Free Electricity Generation from Renewables and Storage,” at a Stanford University energy seminar, in which he said:

You are going to find yourselves very shortly in a situation where you have storage alternatives that, when matched with existing solar and wind generating systems, will be able to meet load extremely effectively.”

Meeting power demand effectively and as the lowest-cost producer — using fuel sources (wind and sun) that are free.

According to Greentech Media, energy industry analysts at Wood Mackenzie say the combination of renewables with battery systems can currently replace approximately two-thirds of U.S. natural gas turbines — right now. Estimates predict the cost of storage alone could drop 80 percent by 2040.

Who wants to own a gas power plant in 2040 knowing that?

Meanwhile, the cost of producing power with natural gas is dependent on the cost of the fuel.

Right now, gas companies are losing money — and have been for some time — at the current price of natural gas in America. As DeSmog has detailed, the fracking industry, which is responsible for most U.S. natural gas production, has been on a decade-long, money-losing streak.

The industry has proven unable to turn a profit at current natural gas prices. So, unless Wall Street wants to lose billions more subsidizing the natural gas industry, prices will have to go up at some point. And when natural gas prices go up, residential electricity rates go up.

Additionally, if all of the planned infrastructure gets built to export U.S. natural gas in liquid form (known as liquefied natural gas, or LNG), prices for natural gas are very likely to rise. This is the industry’s survival plan for the future. However, the higher prices natural gas producers need possibly will kill off one of the industry’s main markets.

Tom DiCapua, managing director of wholesale energy services at Con Edison Energy, recently summed up the situation to Reuters: “As LNG exports increase, so will future gas prices.”

When it comes to the long-term economics of power generation, it isn’t a fair fight. There is no clear way natural gas can compete with renewables on an economic basis in the coming decades. Which is why the oil and gas industry works so hard to convince people gas is clean and cheap.

It knows it can’t win a fair fight.

Structural Financial Issues With Natural Gas Industry

In a July 2017 Forbes column, energy industry expert Art Berman laid out the details of the structural problems in the finances of natural gas production. Since then, things have only gotten worse as huge volumes of gas are pumped simultaneously out of Permian oil wells in Texas and New Mexico.

However, even before the huge ramp-up in the Permian, Berman made the case that the natural gas industry was producing record amounts of gas at prices in which companies could not make money. How could they do that?

Wall Street’s coffers.

As Berman explained, “Credit markets have been willing to support unprofitable shale gas drilling since the 2008 Financial Collapse.”

Of course, now credit markets are not as willing to loan money to shale companies to produce gas at a loss. Berman estimated that natural gas producers needed prices of $4 per million Btu of gas to break even. Prices are below $4, and the average price has been below that for years.

Not looking good for natural gas.

If You Can’t Beat Them, Join Them

Worker cleaning mirrors in a concentrated solar plant
In 2017, workers clean Heliostats at the Ivanpah Solar Project, a concentrated solar energy project. Credit: Dennis Shroeder, National Renewable Energy LabCC BYNCND 2.0

Similar to the fossil fuel industry, electric utilities also have fought renewable energy options. In 2016, utilities in Florida spent almost $30 million to limit residents’ ability to install rooftop solar — perceived as a direct threat to the utilities.

Much like coal’s prospects in India, a couple of years has made a huge difference, however. In February, the Christian Science Monitor reported that utilities in Florida have begun embracing utility-owned solar farms. And while utilities have still been fighting residential rooftop solar, it’s started making gains in Florida anyway — despite regulatory restrictions.

The utilities are putting out solar like you wouldn’t believe,” said James Fenton, director of the University of Central Florida’s Florida Solar Energy Center.

The utilities didn’t suddenly decide the climate was more important than profits. They just see a better path to profits with solar, as long as they can be in control of it, at least.

It is simply undeniable now that this is often the lowest cost source of generation,” Ethan Zindler, the head of U.S. research at Bloomberg New Energy Finance, told the Monitor. “So you can pat yourself on the back for doing something environmentally conscious, but at the same time, you’re also actually doing something to procure power at the lowest cost for your customers.”

Arizona Public Service (APS) is the largest investor-owned utility in the state, and it spent big money to help defeat a 2018 ballot initiative that would have required Arizona get 50 percent of its electricity from renewables by 2030.

However, because APS is “investor-owned,” the utility is now investing in solar and claims that solar plus batteries are an even cheaper option than natural gas power plants for peak power. The need for so-called gas “peaker plants” that can quickly ramp up electricity in times of peak demand is one of the energy industry’s favorite arguments against renewables and for natural gas.

But because investors want to make money, APS is moving forward with solar and batteries.

This is a head-to-head [economic] comparison where we’re trying to select the best resources to meet our customers’ needs,” Brad Albert, vice president of resource management for APS, told Greentech Media.

In that head-to-head comparison, natural gas lost.

As usual with the oil and gas industry, it’s best to watch what it does, not what it says.

The Permian Basin is the heart of the shale oil fracking boom in the U.S. and is producing so much natural gas along with the oil that the price of natural gas there actually went negative in 2018.

It takes a lot of electricity to power the fracking boom. And the Permian needs more. But is the industry taking advantage of all that cheap natural gas to produce that power?

Nope. Plans for new electricity generation in the heart of the Permian oil and gas region include a solar farm and the world’s largest battery.

Renewables have become the low-cost source for new power generation much faster than most anticipated, which is great news for the climate.

Natural gas, with its potent globe-warming effect, is a climate-killer. And a money loser.

If the lobbyists don’t win and the free market is allowed to work for power generation, natural gas — like coal — looks less and less like a “bridge fuel” and more like a fuel of the past.

DeSmog Blog



264 Comments on "The Inevitable Death of Natural Gas as a ‘Bridge Fuel’"

  1. I AM THE MOB on Thu, 28th Feb 2019 5:39 am 

    Clogg

    Don’t worry when the oil shortage hits..You are going to feel the boot of big government on your throat..They have a plan..They know whats coming..You have read the german army secret peak oil study..

    Your white nationalist cult isnt going to save you pal..Im sorry you are a loser in life and have no real friends..

  2. I AM THE MOB on Thu, 28th Feb 2019 5:45 am 

    Majority now sees Russian military power as ‘critical threat’: poll

    https://thehill.com/policy/international/431779-majority-of-americans-in-gallup-poll-now-sees-russian-military-power-as

    Don’t worry once Trump loses in 2020..There will be a false flag- and then Russia will be neutralized!

    A false flag is very easy to orchestrate…You just talk to the boss at the top and tell him you need a job done..And he passes it down the line..See simple..

    Maybe the grid goes down in part of the country and its blamed on Russian hackers..I’m sure the deep state will think of something..They always do..

    LOL

  3. Davy on Thu, 28th Feb 2019 6:10 am 

    “Heat your House with a Water Brake Windmill”
    https://tinyurl.com/y4l297k2
    LOW-TECH MAGAZINE

    “The Water Brake Windmill Heat generating windmills convert rotational energy directly into heat by generating friction in water, using a so-called “water brake” or “Joule Machine”. A heat generator based on this principle is basically a wind-powered mixer or impeller installed into an insulated tank filled with water. Due to friction among molecules of the water, mechanical energy is converted into heat energy. The heated water can be pumped into a building for heating or washing, and the same concept could be applied to industrial processes in a factory that require relatively low temperatures.”

    “The direct approach to heat production is considerably cheaper and more sustainable than converting wind or solar generated electricity into heat by using electric heating devices, including an electric heat pump. There’s two reasons for this. First, mechanical windmills are less complex, which makes them more affordable and less resource-intensive to build, and which increases their lifetime. In a water brake windmill, electric generator, power converters, transformer and gearbox can be excluded, and because of the weight savings, the windmill needs to be less sturdy built. The Joule Machine has lower weight, smaller size, and lower costs than an electrical generator. [11] Equally important is that the cost of thermal storage is 60-70% lower compared to batteries or the use of backup thermal power plants”

    “Second, converting wind or solar energy directly into heat (or mechanical energy) is more energy efficient than when electric conversion is involved. This means that less solar and wind energy converters – and thus less space and resources – are needed to supply a certain amount of heat. In short, the heat generating windmill addresses the main disadvantages of wind power: its low power density, and its intermittency. Mechanical windmills are less complex, which makes them more affordable and less resource-intensive to build, and which increases their lifetime Furthermore, direct heat generation greatly improves the economics and the sustainability of smaller types of windmills. Tests have shown that small wind turbines – producing electricity – are very inefficient and don’t always generate as much energy as was needed to produce them. [12] However, using similar models for heat production decreases embodied energy and costs, increases lifetime, and improves efficiency.”

    “A heat generating windmill can also be combined with a solar boiler, so that both sun and wind can supply direct thermal energy using the same heat storage reservoir. In this case, it becomes possible to build a pretty reliable heating system with a smaller heat storage tank, because the combination of two – often complementary – energy sources increases the chances of direct heat supply. Especially in less sunny climates, heat generating windmills are a great addition to a solar thermal system, because the latter produces relatively less heat during winter, when heat demand is at its maximum.”

  4. Davy on Thu, 28th Feb 2019 6:26 am 

    “Russian Demographics in 2019”
    https://tinyurl.com/y57plowf
    The Unz Review

    “Broadly speaking, Russia continues to do better than the Med, but worse than France, the UK, Ireland, and Scandinavia. Overall EU fertility in 2016 was 1.60 children per woman, so bearing in mind the decline since then, it should now be in the low 1.50s (with natives at perhaps 1.45 children per woman). American TFR has declined from 1.84 children per woman in 2015 to perhaps 1.74 children per woman in 2018 (translating to a White American fertility rate of ~1.64 children per woman).”

    “As we can see, natives/whites in the EU (~1.45), Russia (~1.50), and the US (~1.64) all now have rather similar fertility rates.”

    “This year’s update: Moscow’s LE was 77.9 years in 2017, up from 73.3 years – the average Russian LE today – back in 2008. So we could be looking at entrance into the range of developed world life expectancies by the late 2020s.”

    “Russia is no longer any sort of outlier even amongst developed Western countries in terms of suicide rates.”

  5. Davy on Thu, 28th Feb 2019 6:36 am 

    “Cultivating An Emergent Order In The Energy System”
    https://tinyurl.com cleantechnica.com

    “The primary challenges of integrating renewables and economic activity are weathering variability and adjusting to decentralized generation. Any sustainable economy needs cheap inputs of electricity from solar, wind, geothermal, tidal, and hydro, which are all ill-suited for powering an industrial economy and will only be more strained as heating and transportation becomes electrified. Undoubtedly, technical innovations are needed to boost output and provide storage solutions, but reorganizing the grid to accommodate the peculiarities and limitations of these resources can also address these challenges. This requires introducing a level of complexity into the system that would overwhelm any centrally planned entity; we must make each node on the grid a connected, autonomous actor with the goal of coaxing out emergent behavior and natural order.”

    “By exposing consumers and prosumers to the risk and reward of a wholesale electricity market based on the variable rhythm of natural systems, existing digital technology can sync energy consumption with the biophysical world and mimic natural communication systems. If all items using and producing energy are connected to one network, in an Energy Internet, then the profit motive can direct actors to operate in the interest of the overall system by coaxing out the most efficient use of each type of generation, storage, and demand response. This profit motive will further develop IoT products and generate a technology cluster of co-innovation as the market incentivizes improvements distributed energy resources and demand response agents.”

    “Decentralizing decision-making creates scalable, reconfigurable, and self-organizing information and control infrastructure with precise responsiveness. Grid operators can’t always adjust a Nest thermostat when the grid is strained, but an autonomous unit governed by a set of smart contracts can shut down once market prices exceed the owner’s preference. Home battery systems can soak up power during the day and offload electricity at peak evening hours to garner profit for owners. These IoT and grid asset devices are better capable of self-optimizing in real time to ensure efficient performance while integrating energy in all forms, taking advantage of peak renewable flows, and reducing overexposure when the sun is not shining and the wind is not blowing. We need products that enable users to outsource thinking, set preferences, make money for their users.”

    “By gradually and smartly exposing everyone to wholesale market risk, we can begin to optimize our lives around renewable energy and provide people with the opportunity to participate in optimizing electricity in the whole system. The fossil fuel age allowed societies to stifle the volatility of natural energy systems — the full return to renewables will require shaping economic activity around their characteristics and using digital technology to embrace stressors. We have to soak up electricity when it is plentiful and become hyper efficient when it is expensive. As the nervous system of the economy, this digital grid can form a natural, emergent order and ensure our energy use is optimized with the environment, not lead to its demise.”

  6. I AM THE MOB on Thu, 28th Feb 2019 6:50 am 

    Davy

    Please stop spamming this site..What the fuck if wrong with you? Nobody even comments on the garbage you post..Its not even interesting.

    Jesus Christ where do you people come from?

  7. Antius on Thu, 28th Feb 2019 6:56 am 

    “Heat your House with a Water Brake Windmill”

    Good find Davy. In cold climates, waste heat is never truly wasted. Simple systems can be profitable in ways that complex systems cannot.

    A similar approach could be direct mechanical energy storage within a flywheel, using steel roller or phosphor bronze bearings. This would lose energy to friction and generate heat, which would be a useful byproduct. The flywheel itself could still yield mechanical energy to meet direct mechanical or electrical loads.

    If heat can be stored in a high boiling point fluid like oil, temperatures could be high enough to support high temperature processes like cooking. Limited amounts of electric power could be recovered using a steam engine or even a thermoelectric device, so long as electrical demand was small in comparison to thermal demand.

  8. Cloggie on Thu, 28th Feb 2019 7:03 am 

    @Antius – here the Richard Spencer speech in the Lion’s Den London. I believe this is the occasion where he advocated in favour of the EU, despite everything.

    https://youtu.be/DSSKSK1ZHdI

    Obviously I could not verify this at work.lol

  9. I AM THE MOB on Thu, 28th Feb 2019 7:21 am 

    CLogg

    Stop trying to brainwash others into your cult of ignorance..

    Why don’t you show him the video where Spencer gets blasted in his grill by Antifa?

    LOL

  10. Antius on Thu, 28th Feb 2019 7:25 am 

    “@Antius – here the Richard Spencer speech in the Lion’s Den London.”

    Thanks. Will watch it later when I get home.

  11. Cloggie on Thu, 28th Feb 2019 7:27 am 

    “Stop trying to brainwash others into your cult of ignorance..”

    Sure you want to keep the brainwashing privilege all for yourself, like you have with the MSM, minus Fox.

    But this is the internet, “Volksmedium” if you will. This is not your realm.

  12. Cloggie on Thu, 28th Feb 2019 7:33 am 

    @Antius – sorry wrong video, this is the right one:

    https://youtu.be/FXGOWJbt2BU

    Spencer excuses himself for “being an American lecturing the British about Europe”.

    Laughter.

  13. I AM THE MOB on Thu, 28th Feb 2019 8:18 am 

    Behold the Aryan mobile!

    https://i.redd.it/2qpaddlqd7h21.jpg

  14. Antius on Thu, 28th Feb 2019 8:27 am 

    One interesting niche option for transferring heat that would avoid the need for building a district heating network would be a trailer carrying an insulated tank of phase change material. This could transfer heat from a central store outside of town to individual houses, which would store heat in tanks in their basement, or buried outside.

    A single cubic metre of phase change material at 100C; will carry about 100kWh of heat. That would heat an average European house for 1-2 days in winter and up to 1 week during autumn and spring. The trailer could be towed to a house and water would transfer heat from the phase change material to an insulated water tank within the house. A single cubic metre of water heated from 20C to 100C will store 93kWh of heat. A tank of 5 cubic metres would store enough heat for about 1 week of winter heating. A tanker the size of a petrol tanker, 2m x 10m, would carry enough heat to supply six average houses with 1 week worth of heating per charge cycle.

    A large 10MW wind turbine operating at 40% capacity factor would produce some 35million kWh of electric power each year. A large ground source or sea water fed heat pump with an inlet temperature of 10C and outlet temperature of 105C, might have a COP of 2 (75% of Carnot efficiency), generating some 70million kWh of heat each year. That is equivalent to the annual heating requirements of 7,000 European homes. That is sufficient for a large town and could be located about a kilometre outside of the town.

    Heat would be stored at 105C in a large underground water tank close to the turbine and heat pump. Hot water would be pumped from the tank and through heating coils within the trailer tanks, charging them ready for distribution. Given that charging times for individual houses can be staggered, the system could be operated 24/7, which each trailer completing thousands of cycles each year. Let us say it takes 30 minutes for the trailer to drive 1km outside of town, recharge and then drive to six houses in town and discharge. That is 5 minutes per house and 1 week between charging for each individual house. A single trailer could therefore serve up to 2000 homes and a town of 7,000 homes might need only 4 such trailers to meet the peak winter demand for heat. Such a system would add to road congestion, but would avoid the capital cost of building a district heating network.

  15. I AM THE MOB on Thu, 28th Feb 2019 8:29 am 

    CLogg

    Minus fox? LOL

    Fake news sharing in US is a rightwing thing, says Oxford study
    https://www.theguardian.com/technology/2018/feb/06/sharing-fake-news-us-rightwing-study-trump-university-of-oxford

    Older people, conservatives more likely to share fake news: study
    https://www.independent.co.uk/life-style/gadgets-and-tech/news/facebook-fake-news-share-old-republican-conservative-new-york-university-study-a8719521.html

    Religious fundamentalists and dogmatic individuals are more likely to believe fake news, finds a new study
    https://www.psypost.org/2018/10/study-religious-fundamentalists-and-dogmatic-individuals-are-more-likely-to-believe-fake-news-52426

    I rest my case..

  16. I AM THE MOB on Thu, 28th Feb 2019 8:31 am 

    Antius

    You be a good sheep and go home now and watch your racist propaganda..Now you belong to something that is greater than you..

    You were lost and now you are found..

    LOL

  17. I AM THE MOB on Thu, 28th Feb 2019 8:33 am 

    I can’t wait to see clogg trying to deal with his charmed life not turning out as wonderful as he thought it would be..

    Must be the Schadenfreude in me..One man’s pain is another man’s pleasure!

  18. I AM THE MOB on Thu, 28th Feb 2019 8:39 am 

    It’s a Brave New World..

    https://i.redd.it/levahirjy7j21.jpg

  19. Antius on Thu, 28th Feb 2019 8:46 am 

    “Antius
    You be a good sheep and go home now and watch your racist propaganda..Now you belong to something that is greater than you..”

    Too many of my people have been good little sheep for too long Mobster; virtue signalling and waiting for a pat on the head for being good little gentile slaves. I for one will be a sheep no longer. And I intend to warn as many other sheep as possible before they become kebab meat for the kosher driven Islamic invasion. Your people have abused mine for quite long enough.

  20. Davy on Thu, 28th Feb 2019 8:51 am 

    “Davy Please stop spamming this site..What the fuck if wrong with you? Nobody even comments on the garbage you post..Its not even interesting.”

    MOB, please leave, you run off intelligent people with your scab comments. You are a disgrace to good liberals.

  21. Davy on Thu, 28th Feb 2019 9:07 am 

    hypocritical rabid liberal in action:

    “Alexandria Ocasio-Cortez is furious at these photos of her and a staffer eating a hamburger and killing the planet”
    https://tinyurl.com/y3e8p3cw twitchy.com

    “Apparently, when Rep. Alexandria Ocasio-Cortez says that Americans will have to eat fewer hamburgers to save the planet from global warming, she meant Americans who don’t work for her. That’s reportedly her Chief of Staff just casually destroying the Earth while the celebrity socialist watches”

  22. Cloggie on Thu, 28th Feb 2019 9:16 am 

    Still, it is a terrible waste to heat an entire home, leaking heat over giant surfaces, if all you want to achieve is stoppen humans to leak their own heat.

    A human can stay perfectly warm for $1,- per month in “electric clothing” in a stone-cold house.

    https://deepresource.wordpress.com/2012/04/21/electric-clothing/

  23. Antius on Thu, 28th Feb 2019 9:28 am 

    People are just too gullible. The US Q4 2018 GDP data has shown the biggest jump in a decade. Supposedly, that’s a really good thing! The dollar has spiked and US Treasury bill 10 year yield has spiked.

    https://www.zerohedge.com/news/2019-02-28/stocks-shrug-best-gdp-14-years-spikes-dollar-bond-yields

    Could it just possibly be that US importers were spending like crazy on Chinese goods, ahead of Trump’s tariff extension deadline and those ‘investments’ are counted as part of GDP growth? Is it really a coincidence that the US trade deficit spiked at about the same time?

    Now that importers have lots of inventory in storage, spending in the next two quarters will be beneath recent trends. And people will call it a disaster and the harbinger of recession. A good lesson on why we cannot hang too much significance to short-term statistical fluctuations. Sometimes they mean something; other times they mean nothing.

  24. I AM THE MOB on Thu, 28th Feb 2019 9:45 am 

    Clogg is pure evil..He hates people just for the way they are born..Something they have no control over..

    Put a bunch of kids together..They don’t even understand what racism is..This proves its not natural its learned..

  25. I AM THE MOB on Thu, 28th Feb 2019 9:49 am 

    Antius

    WTF are talking about “Your people”..I am white person..i was born in “Monticello Indiana”..100 percent white population..Look it up..And the county its in is..wait for it..”White country”..

    LOL

    You incels are so dumb no wonder no woman want to breed with you..You are total losers of society..

  26. I AM THE MOB on Thu, 28th Feb 2019 9:53 am 

    Notice how all the right wing incels on here all need a safe space..

    Clogg with his daily mail

    Davy and Antius with their ZeroIQ

    They all are close minded bigots who can only read news from places that will tell them what they want to hear..Because their beliefs are so fragile..

    I shouldn’t even waste my time arguing with elderly morons..

    I WILL OUT LIVE YOU ALL!

    LOL

  27. I AM THE MOB on Thu, 28th Feb 2019 9:55 am 

    Notice how Clogg loves white men…Alex Jones (Fat man)..Trump (Fat man)..Richard Spencer (pussy) and Putin..

    Dude is a total fag..He just wants an alpha male to submit himself too..

    And notice his Nazi march in Virginia was 100 percent men..

    Once again total closet fags..LOL

  28. I AM THE MOB on Thu, 28th Feb 2019 9:57 am 

    Davy

    I bet that big ole tub of lard wife (sister) of yours loves Cheeseburgers..I know how you rural americans roll..

    LOL

  29. Antius on Thu, 28th Feb 2019 10:00 am 

    “A human can stay perfectly warm for $1,- per month in “electric clothing” in a stone-cold house.”

    Or maybe heated furniture?

  30. I AM THE MOB on Thu, 28th Feb 2019 10:06 am 

    Davy

    The elites thank you for being their useful idiot..I think Lennon was thinking of you specifically when coined that phrase..

    And when the collapse hits and the elites are in their bunkers and you daughter is getting gang raped in her ass..I will laugh..

    LOL

  31. Sissyfuss on Thu, 28th Feb 2019 10:26 am 

    Mob, your fantasies about people’s children being attacked is beyond sociopathic. Your attempts at get under peoples skin by deriding their progeny is horrendous. You’re a snot-nosed little fool that will be the first to crack under the coming pressures we face.

  32. I AM THE MOB on Thu, 28th Feb 2019 10:29 am 

    CUCKPITALISM TRAIN NEVER STOPS

    https://i.redd.it/fsy9o7wa1cj21.png

  33. Schop alsjeblieft de anti-Amerikaanse hond aka fmr-paultard die ik van graniet heb on Thu, 28th Feb 2019 10:29 am 

    cast iron skillets
    friends if you have cis in your life, cut it out. those people are craaaazy!
    they believe that the chemical reaction Fe + H20 is explosive becasue of free oxygen.
    throw your filthy iron skilet in the dishwasher, stand with science and nukular weapons.

    abandon stupidity and conspiratard

    Fe + H20 = Fe + H20

    Same sh* in same sh* out

  34. Mitch on Thu, 28th Feb 2019 11:19 am 

    Speaking of rabid politics divorced from reality:

    ~~~~~Per Davy~~~~~

    “The socialist will destroy the Democratic Party effort to take back Washington just wait and see.”

    Sure, we have history as a guide. Thanks to Democratic leadership, the country adopted two classic and wildly popular socialist programs in the form of Social Security and Medicare. True, your side has been attempting to undermine both programs for years. If the Republicons eliminate Social Security and/or Medicare it will be the final nail in the Republicon coffin “just wait and see”.

    “the uncovered corruption in the media and the justice department of the left is making people disgusted.”

    That’s what you have been claiming for years, yet the only corruption that surfaces is Republicon greed and corruption with the latest example being widespread Republicon voter fraud in North Carolina. Naturally, the Davy’s of the world have nothing to say about this, which is telling since he has spent the last number of years screaming about voter fraud.

    “spend spend spend mentality of the rabid left will backfire.”

    Surely, you meant to reference the record budget deficits being accumulated under the Trump administration. FY 2019 budget deficit will exceed $1 trillion and subsequent deficits will continue to increase substantially due to the Republicon tax cut for the very rich.

  35. Cloggie on Thu, 28th Feb 2019 11:25 am 

    Now this is a woman…

    https://www.dailymail.co.uk/femail/article-6755471/Prince-William-Kate-Middleton-meet-police-officers-staff-Hillsborough-Castle.html

    “‘I’m feeling broody’: Kate coos over a five-month-old baby during walkabout in Northern Ireland but admits ‘William would be worried’ when asked if she is planning baby number four”

  36. Mitch on Thu, 28th Feb 2019 11:25 am 

    Siss—

    It’s necessary to fight fire with fire. I can appreciate where MOB is coming from. Those of us on the left are just so fucking tired of the endless lying, corruption, voter fraud, dirty politics of the right-wing smear machine.

    Everything the right projects onto the left, is the right attempting to deflect attention off of themselves. Case in point voter fraud. President Trumpanzee spent millions of dollars of taxpayer money on an imaginary campaign to uncover Democratic voter fraud. There was none so he just shut-up rather than face up to the facts. Instead, the one massive case of voter fraud from the last election was perpetrated by the RepubliCONS in NC. It never ends.

  37. Cloggie on Thu, 28th Feb 2019 11:35 am 

    People get the message without having to throw them out:

    https://www.dailymail.co.uk/news/article-6755433/Net-migration-UK-rises-slightly-283-000.html

    “Britain’s Brexodus: EU net migration to UK falls to lowest level in a DECADE as more people from Poland are now LEAVING than arriving”

    (And Europeans sooner or later go home anyway, once the situation in their home countries improve. In the sixties for instance we had large numbers of Italians and Spaniards in Holland, who almost all went home eventually)

  38. Antius on Thu, 28th Feb 2019 11:42 am 

    “Britain’s Brexodus: EU net migration to UK falls to lowest level in a DECADE as more people from Poland are now LEAVING than arriving”

    Doesn’t seem to work with ‘non European’ people. Those people never go home. Those with least to offer are always the last to leave.

  39. Robert Inget on Thu, 28th Feb 2019 11:43 am 

    https://www.huffpost.com/entry/netanyahu-indicted-israel-charges_n_5c54944be4b00187b550ad1c

    Israeli Prime Minister Benjamin Netanyahu To Be Indicted.

    Next?

  40. Robert Inget on Thu, 28th Feb 2019 12:03 pm 

    Tail wags dog.
    Netanyahu is crazy like a fox. Just a wild guess;
    Watch for Bibi to increase bombing of Iranian
    positions in Syria. Obviously, pushing Iran to a response. Possible, now that Iranian ‘hardliners’ are in control.
    I’m concerned the US joins in the fray if Trump is also threatened with indictment.

    Trump’s people laugh off such pitiful charges. Our Guy: Teflon till he’s not.

    After this highly predictable fail in NK if Trump doesn’t seal a trade deal w/China he’ll join Israel in global armageddon. That just the way I see it.

  41. NathanPhillipsAKAfmr-paultard on Thu, 28th Feb 2019 12:10 pm 

    if you’re a libtard you likely to have a cast iron skillet because it’s a novelty item and you have money to blow on mindless things and you’re crazy and a tard.

    may you die quickly because iron poisoning is no minor issue because u don’t bleed and iron has a long retention time in the body

  42. Cloggie on Thu, 28th Feb 2019 12:17 pm 

    Interesting initiative from Belgium:

    “Solar Panels That Create Hydrogen Out of Thin Air”

    https://deepresource.wordpress.com/2019/02/28/solar-panels-that-create-hydrogen-out-of-thin-air/

    Leuven university researchers claim: 20 “hydrogen panels” can provide a family of sufficient electricity and heat throughout the year (1825 m3 hydrogen/years). To be tested soon on a real single family home.

  43. Robert Inget on Thu, 28th Feb 2019 12:24 pm 

    https://www.theguardian.com/world/2019/feb/28/gaza-israel-un-inquiry-killings-protest-war-crimes-army

    A person can take stands against Israeli policy w/o being anti semitic. A person can deplore Saudi policy w/o being an IslamicPhobic.

  44. Cloggie on Thu, 28th Feb 2019 12:27 pm 

    A person can take stands against Israeli policy w/o being anti semitic. A person can deplore Saudi policy w/o being an IslamicPhobic.

    Exactly. Likewise you can criticize Nazis without being NaziPhobic.

    Wise words, bopster!

  45. Antius on Thu, 28th Feb 2019 12:34 pm 

    “A person can take stands against Israeli policy w/o being anti semitic. A person can deplore Saudi policy w/o being an IslamicPhobic.”

    Not if Macron and his Zionist keepers have their way.

    https://tinyurl.com/yyyxzrms

    Your mistake is to assume that these people have any moral validity to tell you what you are allowed to think.

  46. Davy on Thu, 28th Feb 2019 12:35 pm 

    “Davy I bet that big ole tub of lard wife (sister) of yours loves Cheeseburgers..I know how you rural americans roll..LOL”

    My wife is Italian and comes from the 2nd healthiest country in world behind Spain. She is a great cook and in good shape. I imagine you are an ugly pale young kid with a sniveling nose who eats shit food and looks like shit all the time.

  47. Juanpee sock puppet on Thu, 28th Feb 2019 12:36 pm 

    This is Juanpee

    Mitch on Thu, 28th Feb 2019 11:19 am

  48. OAC_AKA_fmr-paultard on Thu, 28th Feb 2019 12:37 pm 

    supertard’s wife doesn’t own a cast iron skillet

  49. Davy on Thu, 28th Feb 2019 12:38 pm 

    Sis, mitch is juanpee and juanpee is a fraud. He is trolling you

    “Siss—It’s necessary to fight fire with fire. I can appreciate where MOB is coming from. Those of us on the left are just so fucking tired of the endless lying, corruption, voter fraud, dirty politics of the right-wing smear machine.”

  50. I AM THE MOB on Thu, 28th Feb 2019 12:39 pm 

    Mitch

    Great points..I agree..But unfortunately you can’t reason with people who are morally and intellectually bankrupt like the republicans and davy and company..

    Don’t worry they will get what they deserve in the not too distant future..And they aren’t going to like the phase change that is coming..

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