Page added on May 28, 2018
Canadian stocks may come under pressure Monday as crude oil prices continue to plummet on renewed expectations that OPEC will ramp up production.
OPEC and Russia will likely end their supply quota plan in the next few months, according to reports. Meanwhile, the U.S. shale boom is accelerating, with drillers adding the most rigs in a signle week since February.
In Canada, Kinder Morgan’sTrans Mountain pipeline may proceed after a BC court dismisses environmental certificate challenges.
Crude oil futures have plunged near $66 a barrel from a 4-year peak near $73.
The TSX Composite Index fell four sessions in a row last week, stung by losses in the energy sector. Otherwise, the market was pretty resilient.
Weakness may tempered today by hopes that the U.S. and North Korea will instate their June 12 meeting in Singapore.
Bombardier (BBDB.TO) says it will build two new luxury aircraft.
Canadian regulators have halted the Corus Media sale of Historia and Series+ channels to Bell Media.
West Jet has averted a pilot strike as the employees agreed to a new contract.
European stocks rose modestly Monday on revived hopes of a U.S.-North Korea summit and the prospect of fresh elections in Italy.
RTT News
52 Comments on "Crude Oil Collapse To Canadian Energy Sector"
rockman on Mon, 28th May 2018 3:23 pm
And now a reality check. The Alberta oil sands production is not priced on the WTI benchmark. They use the WCS benchmark… Western Canadian Select. And it did recently drop from $58/bbl to $51/bbl. But $51/bbl is still significantly higher than the closing bid on 20 April (just 5 weeks ago) of $46/bbl. Which was significantly higher then the close on 20 March (just 9 weeks ago) of $29/bbl. I doubt you would find many oil sands producers crying in their beers these days, eh? LOL.
Just a reminder why folks should not be obsessed with the price of WTI (actually those futures contracts bids): the vast majority of oil produced in the US is not WTI. It represents only 17% of US production. Which is actually an overestimate: oil from 35 API to 40 API is 17%…not just the WTI 39.6 API oil). Oil lighter then WTI accounts for 55% of US production. Couldn’t find numbers for global production but given the huge number global heavy oil fields I doubt much qualifies as WTI. BTW only 11% of US oil imports are WTI or lighter. And 58% of the huge amount of oil we import is heavy oil…less the 26 API. That includes the 3+ millions bbls per day of 23 API “dilbit” we import from Canada.
FYI: the Rockman does give a sh*t about the WTI benchmark falling to $66/bbl: he sells all his Texas production based on the LLS benchmark…Louisiana Light Sweet. When WTI closed at $66/bbl the LLS closed at $76/bbl.
Folks should really consider why the MSM focuses on the WTI benchman (and sometimes the Brent benchmark) given it represents so little US production. And also because US refineries don’t even buy any of that small amount of 39.6 API WTI oil we produce. They buy and refine BLENDED OIL which has been around 32 API for many years. Blended oil which is typically made by mixing heavy oils with very light oil/condensate. Heavy oils and condensate/light oil that oils that represent the vast majority of US production and our imports.
Davy on Mon, 28th May 2018 3:43 pm
Rock, as usual, your in the field experience is most helpful.
MASTERMIND on Mon, 28th May 2018 3:53 pm
Davy
You are so fucking stupid..rock gave you no sources (reason) to believe anything he said..And you just swallow it up like mothers milk..I know you must be a religious person..they are experts at believing things without any reasons. learn to use some critical thinking..Learn to question things..You ever notice that Rockman never leaves any links to anything he argues..Why is that? I mean it takes two seconds..
Davy on Mon, 28th May 2018 4:22 pm
Rock is a source and you are noise.
MASTERMIND on Mon, 28th May 2018 4:41 pm
Davy
Do you believe in the Easter bunny? No? But why? Because there is no evidence..See that is called logic..we don’t naturally believe things without proof..
MASTERMIND on Mon, 28th May 2018 4:42 pm
Davy
I have some magic beans I would love to sell you..lol
deadly on Mon, 28th May 2018 5:40 pm
Rockman’s assessments, analyses, and critiques are always worth reading.
Mastermind speaks from his toothless wonder. lol
MASTERMIND on Mon, 28th May 2018 6:30 pm
How to be a Baby Boomer
Go to a land grant state university that gets massive research funding from the government for almost no tuition
Be able to afford it with a part-time job and graduate with zero debt.
Get a high-paying job in manufacturing as the industrial world still rebuilds but before the developing world develops.
Put your money in a savings acount that actually generates interest.
Get a mortgage from heavily-regulated lenders (regulations put in place by the Greatest Generation to prevent a new Depression).
Pay taxes that actually pay for services.
Get a house and kids. Decide you’re sick of paying taxes.
Vote for Reagan.
Eliminate the finance regulations designed to prevent a depression (and the inequality of the Gilded Age).
Decide colleges are turning out too many smug liberals, vote for reps and governors who promise to cut their funding. Besides, this whole affirmative action thing is reverse racism.
Decide you’re sick of smug academics and TV personalities telling you everyone is equal. Call your representative and ask them to repeal the Fairness Doctrine.
Decide you don’t like that UN-loving Ted Turner and his CNN. Turn on this new thing called Fox News from Roger Ailes, the Nixon political hack who helped build the Republicans’ racist Southern Strategy and helped Lee Atwater make the Willie Horton ad.
Make a fuck-ton off the Clinton economy while calling Clinton the worst president ever.
Celebrate the repeal of Glass-Steagall and the final vestiges of the protections your parents and grandparents’ generations set up to prevent another Depression.
Respond to news stories about skyrocketing college costs with smug diatribe about how you worked your way through your $500/year college.
Blame NAFTA for the fact that Europe & Japan rebuilt after WWII, sapping US manufacturing jobs, while the former USSR joins the world economy, as does China and to some extent India. Ignore the fact that the world manufacturing base is now gigantic and America has competition it never had. Also ignore robots, which means rich countries need a fraction of the # of humans to run the same size factory as before. Blame it on immigrants, too, for reasons.
Make money off the tech bubble while Gen X loses its first savings account. laugh.
Vote for George W. Bush because he promises to give the federal surplus (yes, there was a surplus) to you instead of paying down the national debt.
Inequality reaches 1890s levels but who cares? greed is good.
Support Iraq after protesting Vietnam because fuck it, you’re not going this time.
Somehow decide the 2007-08 financial crash was because things are too regulated.
Incoherently argue that the center-left Democrat Barack Obama (but you always say his middle name), who wants to accomplish an agenda item the democrats have pushed for 70 years, is a radical. For some reason.
Cheer on smug turtle Mitch McConnell as he prevents the government from doing anything.
Call Obama a dictator for trying to work around Mitch McConnell.
Read about how whites will be a minority in 2040
Talk about how Trump is “our last chance” to “take back America.” Ask what’s wrong with saying black people are more criminal. Ask what’s wrong with saying latino immigrants will ruin our culture.
Insist to your kids, who are crippled by student debt, but whom you chastise for not having a home or kids yet, that they just don’t understand how money works.
MASTERMIND on Mon, 28th May 2018 6:36 pm
Boomers have a profound sense of entitlement because, in their minds, their parents “saved” the world from the evil Nazis and thus deserve to inherit the Earth…
Anonymouse1 on Mon, 28th May 2018 6:55 pm
‘the’ narrarativeman is source alright, for all your API, heartland, and CATO institute talking points. Unless you find his extremely boring personal homilies about his shotgun toting daughter and his work with underprivileged children (lol sure) informative and enlightening, you can draw you own conclusions about the true nature of the cancer cartel. You certainly don’t need him, or his personal butt-wipe boy to do it for you.
Sissyfuss on Mon, 28th May 2018 7:50 pm
Mucusmind, Rock is both the source and the link, the fountainhead if you will. He don’t need no stinking Googles.
Davy on Mon, 28th May 2018 8:03 pm
weasel barks similar to the noise his mirror handle mm. Just another stupid Canadian anti-American numbnut.
Hawkcreek on Mon, 28th May 2018 9:19 pm
MM,
You were doing ok till this one:
“Get a house and kids. Decide you’re sick of paying taxes.”
Tax cuts were caused by corporate lobbying.
It benefited mainly corporations, who influenced or bought politicians to make it happen.
Start checking and I think you will find that every law or regulation that has been passed in the last 30 years either directly or indirectly increased corporate profits (the Glass-Steagall you mentioned?). When it became obvious to me, I decided that both sides were on the same level of corrupt, and went my own way.
Yes, I admit, I am a boomer and some of the societal changes treated me better than they treated those who came after.
But most of the things you mention were not my preferences, they were instituted by the 545 crooks down by the river.
MASTERMIND on Mon, 28th May 2018 9:45 pm
Children of immigrants being caged like dogs at ICE detention centers..
https://imgur.com/a/YKcXtTd
And first they came for..
Outcast_Searcher on Mon, 28th May 2018 9:50 pm
What nonsense. Oil lost about a dollar Monday. Since when is that a price “plummet”?
Using the Article’s figures, with $66 WTI, which was near the bottom for Monday, that’s a total slide from the top of under 10%. In a highly volatile market.
Since when does that have ANYTHING to do with “collapse’?
How about an adjustment, after a couple years of relatively steadily rising prices, where WTI nearly tripled from its lows.
It’s called a “correction”, a very ordinary event, especially in a highly volatile market like oil.
When prices are below the 2016 low in a few weeks, be sure and get back to us about a “collapse”.
Until a week ago, most of the news was dismay over the rise in oil prices. One would think a good healthy pullback like this would be welcomed. It certainly is rational, given the uncertainty about additional supply OPEC might bring to the market.
deadly on Tue, 29th May 2018 4:42 am
Canada buys Bakken oil. Lots of butane in Bakken oil, the butane is used to mine the Athabasca Tar Sands.
China bought one million barrels of Bakken oil, Harold Hamm sold it to them.
Bakken oil is ‘very good oil’, words used at the old broken oil drum. There are buyers. Somebody wants those one point one million barrels each day.
Small grains, corn, soybeans, all dry beans, row crop farming has been revolutionized.
GMO corn and soybeans are referred to as Roundup Ready. That means when Roundup herbicide is applied to a field of GMO Roundup Ready corn and soybeans, all of the noxious plants in the field, weeds, will die, the GMO corn and soybeans will not die.
You won’t have to cultivate those fields, only the corn or soybeans will grow.
Saves time and fuel not having to cultivate those rows of corn and soybeans. GMO Roundup Ready rice is commercially grown too.
It all becomes extremely proficient. Nothing like it on the planet.
Roundup Ready GMO seed saves fuel. Less work is required to obtain the desired results.
Farm tractors and air seeders do the work so you don’t have to. Cotton pickers are machines, not people.
BT in GMO sweet corn seed guarantees that the corn worm won’t infest your sweet corn. People will eat the sweet corn, not the worms. Bacillus Thuringensis, a little creature, is an organic farming control applied topically to cabbage, kale, cauliflower, and the rest of the motley crew of cabbage heads, so they all don’t fill up with worms too. The BT turns the intestines of the worms to goo and they all die. The result is worm-free cabbages and kale. Makes a difference.
Requires research, testing, collecting data, etc. The argot, the lexicon, the taxonomy are all there, the science does work, the application of the method provides results.
Without any and all research into anything, we’re whistling in the dark, wandering in the mist.
What is done? Well, you exploit the resources until they are developed to the moon and beyond. Deep space needs to be conquered too. Better get there, and soon.
Oil is food, without it, there will be collapse.
Call Herman Frasch and ask him what to do to get that sulfur out of that skunk oil.
You can grow oil to power the equipment like Rudolf Diesel had planned, so the industrial ages will not die.
Without that oil, we’re toast.
Beer time.
deadly on Tue, 29th May 2018 5:01 am
Herman Frasch
print baby print on Tue, 29th May 2018 7:42 am
hawcrick mm is right believe me in ex Yugoslavia workers lived excellent life > When the nationalists movements starts they came out to the street with transparent we want bread we are hungry and I am a witness in worker Kantian in 87 they had best prosuto everything than caviar they are sheeples I am not sorry for them anymore . Human race is savage unfortunately
joe on Tue, 29th May 2018 7:57 am
deadly on Tue, 29th May 2018 4:42 am
I believe Round Up is carcinogenic.
“France ‘committed’ to glyphosate herbicide ban despite parliamentary rebuff”
“http://www.euronews.com/2018/05/29/france-committed-to-glyphosate-herbicide-ban-despite-parliamentary-rebuff”
“The EU’s chemical agency concluded last year that there was no evidence linking glyphosate to cancer in humans.
However, in 2015 a much-cited report by the World Health Organisation (WHO) cancer agency decided that glyphosate was “probably carcinogenic”. Its findings have been questioned, while Monsanto’s position that its herbicides are safe has also been challenged.”
Davy on Tue, 29th May 2018 9:21 am
Glysophate is nasty but before it came out there was much worse. Pick your poison. We can get rid of AG chemicals if we eliminate 7BIL people and go back to doing it the old fashion way with old fashion populations.
MASTERMIND on Tue, 29th May 2018 9:33 am
Billionaire George Soros: ‘The European Union is in an existential crisis’
https://www.marketwatch.com/story/billionaire-george-soros-the-european-union-is-in-an-existential-crisis-2018-05-29
jawagord on Tue, 29th May 2018 9:40 am
Fallowing his father’s lead, young Justin is nationalizing (temporarily) the TransMountain pipeline, relieving Kinder Morgan shareholders of their losses and relieving Canadian Oil producers of their concerns it would not get built. California get ready for some dirty Canadian crude (or buy our lighter stuff).
https://www.thestar.com/news/canada/2018/05/28/liberal-government-to-buy-trans-mountain-pipeline-project-seek-new-investors.html
MASTERMIND on Tue, 29th May 2018 9:54 am
Almost half of Fortune 500 companies were founded by American immigrants or their children
https://www.brookings.edu/blog/the-avenue/2017/12/04/almost-half-of-fortune-500-companies-were-founded-by-american-immigrants-or-their-children/
Duncan Idaho on Tue, 29th May 2018 9:54 am
“If the Nuremberg laws were applied today,
then every Post-War American president would have to be hanged.”
— Noam Chomsky
MASTERMIND on Tue, 29th May 2018 9:58 am
Hurricane Maria ‘killed 4,600 in Puerto Rico’- 70 times the official toll, a Harvard University study says
http://www.bbc.com/news/world-us-canada-44294366?ocid=socialflow_twitter
LetStupidPeopleDie on Tue, 29th May 2018 10:36 am
The reason Canada is buying the TransMountain pipeline is that Canadians are stupid losers that are not capable of creating anything or building anything. Canadians are stupid losers that cannot compete internationally with other countries in term of innovations and manufacturing.
The stuff I order from China is breath taking. I bought a cheap Chinese oscilloscope for troubleshoot my car 80 dollars. I am still impress with the quality China product relative to the price. Bought from China a cheap ODB code reader for my car. Work fine.
In Canada if you show some kind of interest for science, people will isolate you and you ridicule you. As in China, if you show interest in science people respect you.
Canada is now in big financial trouble and need the revenus from the oil,
As always with Canada, this project won’t work because Canadian are stupid losers. You cannot build anything with losers and stupid people. I tried and give up.
MASTERMIND on Tue, 29th May 2018 10:41 am
Death knell tolls for the euro as more European nations repatriate gold –
https://www.rt.com/business/422200-death-knell-euro-gold/
HAHA Clogg..europe will soon be another Venezuela..
rockman on Tue, 29th May 2018 11:25 am
MM – I’ve posted links to the stats I just presented DOZENS OF TIMES. And about 98% of the time the source is the same…the EIA. But I’ve lost patience with lazy posters such as yourself and Anonymouse1 so now I often don’t. Imply my data is wrong…fine. Prove it: post the “correct” data AND THE LINKS.
I don’t think you and A appreciate how foolish y’all appear to most folks here. Which is why I seldom reply to your worthless posts. I welcome them: they add to my credibility more then any response I could make to either of you and other such posters.
So go ahead and prove me a liar: post the “truth” AND THE SOURCE. I (and many here) eagerly await your responses. And I suspect no response with such PROOF will just add to my already well-established credibility.
I honestly feel neither that you and others posting such negative and empty responses to my posts understand how incredibly counterproductive they are to your goal. I really don’t think you understand how much I look forward to them.
Go ahead…make my day. Again. LOL.
MASTERMIND on Tue, 29th May 2018 11:31 am
Rockman
I don’t have to disprove a negative..that is a law of logic..You made the claims therefore the burden of proof is on you..its obvious you are lying or you would simply post some evidence..Put up or shut up..Prove yourself..
Davy on Tue, 29th May 2018 11:41 am
Rock, we have been here a long time and we know noise when we see it. These two stupid millennials are just distracting the conversation. I am modest enough to know you don’t talk about shit you don’t know about. When I see the two stupid millennials discussing oil topics I immediately know it is just an attack because emotionally they don’t like oil and oil people. There is nothing worth noting from their comments concerning oil issues. These are stupid kids that likely never graduated acting as though they are smart. If they did graduate they didn’t learn much that can be connected into competency. There is more to smart than getting into your twenties with a little school. There is the next 20-30 years of hands on real life experience these stupid kids don’t know yet.
MASTERMIND on Tue, 29th May 2018 11:56 am
Davy
Millenials are the most educated generation in US history..and their IQ’s are around 10-15 points higher than your generation based on the ‘Flynn effect’..And the human IQ peaks around age 20 and goes into decline..And boomers inhaled tons of lead in their gasoline growing up, which lowered their IQ’s..
And you are going to die of conflict or starvation within the next ten years alongside us..so don’t think you are getting out of this easy..And your mommy and daddy can’t save you from collapse.
rockman on Tue, 29th May 2018 11:58 am
Outcast – At the risk of being redundant with the exception of the small amount of oil sold in the spot market contracted oil isn’t being sold on the $66/bbl WTI benchmark. Long term contracts use benchmark prices as a PORTION of the calculated sales price. But typically use the MONTHLY AVERAGE closing price from 2 to 3 month ago. Contract oil will be sold in 2 to 3 months using the AVERAGE closing price of futures contracts for the entire month of May. And, again, that will be just one component of the price calculation. And the average closing contract average for WTI for May will only be the benchmark price for the small amount of WTI sold by producers in the US. The vast amount of domestic and imported oil IS NOT PRICED using the WTI benchmark price. One more time: on the same day the WTI future contracts benchmark closed at $66/bbl the LLS future contracts (used to calculate the price of all of Rockman’s Texas oil production) closed at $76/bbl.
And I know I’ve said it many times but here it is again: essentially none of the refineries buy WTI. They buy somewhat HEAVIER BLENDED OIL the price of which is very little effected by futures contracts for WTI. That price is the basis for what is passed on to the consumers and our economy.
And yes: support for everything I just posted is available by a quick search on the EIA website. Enjoy the effort. LOL.
MASTERMIND on Tue, 29th May 2018 12:00 pm
Davy
If you want to believe words without any reasons (evidence) go right ahead..Rockman has had his chance to validate his claims..and he has choose not to..
You must find it hard to accept authority as truth..Instead of truth as your authority.
MASTERMIND on Tue, 29th May 2018 12:04 pm
Rockman
If support for what you claim is so easy to find..then why not just share a link? Prove yourself..
What can be asserted without evidence, can be dismissed without evidence.
-Christopher Hitchens
Davy on Tue, 29th May 2018 12:08 pm
“Millenials are the most educated generation in US history..and their IQ’s are around 10-15 points higher than your generation based on the ‘Flynn effect’..”
LMFAO, first of all IQ does not tell the whole picture. I can tell you from what I see the younger generation is going down the intellectual drain. Physically they are fat and lazy. I could go on and on. The blame goes to the older generation in some regard. Kids today just don’t want to work hard and they want stuff free without sacrifice. That is a generalization but I see it so often. Bad attitudes abound when the reality is this generation has an ass kickin ahead.
“And you are going to die of conflict or starvation within the next ten years alongside us..so don’t think you are getting out of this easy.”
That may be the case but I suspect I will do better than your dumbass when shit hits the fan all else being equal. You act like being prepared is a joke and it will be a sick joke on you when you ass kickin comes.
deadly on Tue, 29th May 2018 12:37 pm
Letstupidpeopledie, iffin’ Canucks are stupid losers and you want all stupid people to die, it is advocating genocide. Eh?
Have you ever been to Canada?
The most backward country in the world when I was there. Everybody was living in sod huts and tar paper shacks. It was awful.
Canadians talk funny, some even talk a foreign language called ‘French’, whatever that is, never hear it.
Winnipeg is all shanties as is Edmunton.
The houses in Banff need to be razed. A dump, I tell you, everybody is broke and are going to be evicted if they don’t pony up some of those polymer Canadian dollars.
Canada probably has more going for it than any state out there, even California. Rich in resources, land is plentiful, a no brainer, time to anschluss Canada. Clearly an economic powerhouse without Vancouver. Who wants Vancouver? Nobody. lol
If you want to see a kickass set of the Rocky Mountains, go to the Canadian Rockies.
The message I saw along the way was ‘Our British Columbia is not for sale’, meaning ‘Yankee go home with your clown bucks, we’ve got our own’. lol
Also, quit picking on Canadians, they’re good people too, you know.
When Noam Chomsky was interviewed on CBC many years ago, he ruffled Canadians’ feathers when he made the observation that Canada profited from the Vietnam conflict. Canadians weren’t happy with Noam when he made them aware of their cognitive dissonance. ‘It is the Americans who are at fault, we don’t want nothing to do with it.’
Sure you don’t.
Well, sometimes their behavior isn’t so good.
“It is easy to be good, it is hard to be good all of the time.” – Willie Mays
I say let Canadians live and suffer just like everybody else is being forced to do every doggone day these days.
Enough to drive anybody to drink.
Beer time.
DerHundistlos on Tue, 29th May 2018 12:38 pm
MM is indeed correct. Davy believes Rock knows the truth due to his ability to incorporate oil vernacular. That’s not evidence in support of his argument. Davy is always screaming for references and evidence, but is now curiously quiet. The guy is unhinged.
Davy on Tue, 29th May 2018 12:45 pm
Der hund, I am saying rock is an oil industry source, stupid. I did not comment on the validity of any of his comments. Most of his comments on oil are relevant and accurate. You definitely aren’t a source of much and the reason you are kissing mm’s ass is he is a millennial version of you and that is a blind lying liberal.
MASTERMIND on Tue, 29th May 2018 12:55 pm
DerHundistlos
Great points..Davy sees the world through rose colored glasses.Davy is likely one of those stupid boomers who buys Itunes giftcards, and gets scammed over the phone to pay his taxes, because someone calls saying they are from the IRS and are going to arrest him…lol
MASTERMIND on Tue, 29th May 2018 1:00 pm
ABC cancels ‘Roseanne’ following Roseanne Barr’s racially-charged tweet
https://www.usatoday.com/story/life/people/2018/05/29/roseanne-barr-apologizes-racially-charged-tweets-obama-adviser/650973002/?csp=chromepush
MASTERMIND on Tue, 29th May 2018 1:25 pm
Art Berman: Think Oil Is Getting Expensive? You Ain’t Seen Nothing Yet
In the United States, we’ve been drawing down our reserves, our inventory and the amount of oil we have in storage, consistently since February of 2017. We’re going into the 15th month of drawing from storage each week because we’re not producing enough to meet the need.
To those paying attention: the United States is right now producing more oil than it ever has in its history. We are a million barrels a day higher than the peak in 1970 — the one that King Hubbert got in trouble for warning about. We’re higher by 50,000 or so barrels per month of production. Yet, here we are, still sucking oil out of storage. What does that tell you? There is only one way to interpret that: We are using more than we are producing.
Countries like the United States and western Europe; our demand is pretty much stable. We are not a big growing economy anymore. But the emerging markets – Asia, Latin America, and Africa – they are going full bore. That is where something like 80% of world demand growth is coming from.
Never ever lose sight of the fact that the United States imports a ton of oil. I mean we are importing, on average, 7 million barrels of crude oil a day. I mean that is more than many continents use a day. Why are we importing all that when we are also producing 11 million barrels a day?
We are nowhere near energy self-sufficiency, nor do I think we will ever get there.
We’re in deep trouble.
https://www.peakprosperity.com/podcast/114066/art-berman-think-oil-getting-expensive-aint-seen-nothing-yet?utm_source=dlvr.it&utm_medium=facebook
MASTERMIND on Tue, 29th May 2018 1:27 pm
Davy
Prepping is futile because you are outnumbered by the unprepared by a thousand to one..its a math problem..You can run, post collapse, but you can’t hide.. And I won’t get my ass kicked because I have an easy exit plan..
Davy on Tue, 29th May 2018 1:38 pm
We know what your easy exit plan is but I assure you when you have that gun in your mouth it won’t be that easy. Also don’t screw it up or you will be horribly disfigured or a vegetable.
MASTERMIND on Tue, 29th May 2018 1:50 pm
California is shattering renewable records. So why are greenhouse emissions creeping up?
What’s that all about? There’s a hint in the report. California had to dump about 95,000 megawatt hours of renewable power in April, because all that power would otherwise have flooded onto the grid when people didn’t need it — blowing fuses, igniting fires, and melting every computer without a surge protector. That’s a lot of energy, enough to provide all of Guatemala’s electricity for the month.
Transporting electricity and storing it is expensive, so the people managing the electrical system ask power companies to stop putting power on the grid, to curtail their production. It’s called “curtailment” in electric-system jargon. As the number of solar panels feeding the grid increases, so do curtailments.
https://grist.org/article/california-is-shattering-renewable-records-so-why-are-greenhouse-emissions-creeping-up/
BWWAAA CLOG..solar and wind are a total scam..You can’t operate a power system like this…
MASTERMIND on Tue, 29th May 2018 1:56 pm
Davy
I am the anti prepper..i have blown over 27k of my savings in the last three years..I took a full year off from my job for family reasons..So when the collapse hits in the next decade or so…I will know I did everything I could to enjoy the good times while they lasted..
Cloggie on Tue, 29th May 2018 2:22 pm
BWWAAA CLOG..solar and wind are a total scam..You can’t operate a power system like this…
Your snippet proves the opposite, California is suffering from its own renewable energy success. They installed the generating capacity but forgot to think about storage.
They do have mountains, right, in California, not just beaches?
https://deepresource.wordpress.com/2017/06/11/unconventional-pumped-hydro-storage/
Davy on Tue, 29th May 2018 2:48 pm
“BWWAAA CLOG..solar and wind are a total scam..You can’t operate a power system like this…”
California has water issues. Water is moved around at great expense. That curtailed renewable power could find its way into that applications. California could be managing curtailment with some desal plants. Storage is the natural choice but not the only choice.
Anonymouse1 on Tue, 29th May 2018 2:59 pm
The exceptionalturd has gone full on bi-polar now lol. Having all these elaborate ‘arguments’ with his own sock. Do stay up all night long scripting out these little events of yours?
So sad. If you have a phone, call the local mental health-line in your area. Unless it has been shut down due the funding being appropriated by the pentagon that is. If that is the case, and likely is, I guess you’re SOL, delusionalist.
Davy on Tue, 29th May 2018 3:11 pm
“I am the anti prepper”
The root of prepping is risk management. It is also insurance. So you are telling me one should not manage risk and have insurance? Let’s call you anti-common sense. A word of advice mm, I made some rash moves in 2005 in anticipation of a collapse. It almost happened in 08. It should have, could have, but didn’t. That cost me some money. It was a learning experience. I am now a much more sober prepper. I do it as a way of life because I like it. I doom not because of sick pleasure but because it is academically stimulating. I am less of a doomer now although WW3 worries me. Doom dynamics of 3-4 years ago are not the danger today as they were then. It is not that these dangers are no longer dangers it is just they are better understood and there timeframe appears to be more distant. So if you are blowing through your savings like no tomorrow then when tomorrow comes you are going to need to sober up.
Davy on Tue, 29th May 2018 3:17 pm
Weasel, did you miss my comment on Rockman and how you and mm are millennial noise and he is a real source? Two young kids with nothing better to do is all you boys are. Rock is real and has walk the walk.