Page added on November 13, 2018
The circular economy – the newest magical word in the sustainable development vocabulary – promises economic growth without destruction or waste. However, the concept only focuses on a small part of total resource use and does not take into account the laws of thermodynamics.
Illustration: Diego Marmolejo.
The circular economy has become, for many governments, institutions, companies, and environmental organisations, one of the main components of a plan to lower carbon emissions. In the circular economy, resources would be continually re-used, meaning that there would be no more mining activity or waste production. The stress is on recycling, made possible by designing products so that they can easily be taken apart.
Attention is also paid to developing an “alternative consumer culture”. In the circular economy, we would no longer own products, but would loan them. For example, a customer could pay not for lighting devices but for light, while the company remains the owner of the lighting devices and pays the electricity bill. A product thus becomes a service, which is believed to encourage businesses to improve the lifespan and recyclability of their products.
The circular economy is presented as an alternative to the “linear economy” – a term that was coined by the proponents of circularity, and which refers to the fact that industrial societies turn valuable resources into waste. However, while there’s no doubt that the current industrial model is unsustainable, the question is how different the so-called circular economy would be.
Several scientific studies (see references) describe the concept as an “idealised vision”, a “mix of various ideas from different domains”, or a “vague idea based on pseudo-scientific concepts”. There’s three main points of criticism, which we discuss below.
The first dent in the credibility of the circular economy is the fact that the recycling process of modern products is far from 100% efficient. A circular economy is nothing new. In the middle ages, old clothes were turned into paper, food waste was fed to chickens or pigs, and new buildings were made from the remains of old buildings. The difference between then and now is the resources used.
Before industrialisation, almost everything was made from materials that were either decomposable – like wood, reeds, or hemp – or easy to recycle or re-use – like iron and bricks. Modern products are composed of a much wider diversity of (new) materials, which are mostly not decomposable and are also not easily recycled.
For example, a recent study of the modular Fairphone 2 – a smartphone designed to be recyclable and have a longer lifespan – shows that the use of synthetic materials, microchips, and batteries makes closing the circle impossible. Only 30% of the materials used in the Fairphone 2 can be recuperated. A study of LED lights had a similar result.
The more complex a product, the more steps and processes it takes to recycle. In each step of this process, resources and energy are lost. Furthermore, in the case of electronic products, the production process itself is much more resource-intensive than the extraction of the raw materials, meaning that recycling the end product can only recuperate a fraction of the input. And while some plastics are indeed being recycled, this process only produces inferior materials (“downcycling”) that enter the waste stream soon afterwards.
The low efficiency of the recycling process is, on its own, enough to take the ground from under the concept of the circular economy: the loss of resources during the recycling process always needs to be compensated with more over-extraction of the planet’s resources. Recycling processes will improve, but recycling is always a trade-off between maximum material recovery and minimum energy use. And that brings us to the next point.
The second dent in the credibility of the circular economy is the fact that 20% of total resources used worldwide are fossil fuels. More than 98% of that is burnt as a source of energy and can’t be re-used or recycled. At best, the excess heat from, for example, the generation of electricity, can be used to replace other heat sources.
As energy is transferred or transformed, its quality diminishes (second law of thermodynamics). For example, it’s impossible to operate one car or one power plant with the excess heat from another. Consequently, there will always be a need to mine new fossil fuels. Besides, recycling materials also requires energy, both through the recycling process and the transportation of recycled and to-be-recycled materials.
To this, the supporters of the circular economy have a response: we will shift to 100% renewable energy. But this doesn’t make the circle round: to build and maintain renewable energy plants and accompanied infrastructures, we also need resources (both energy and materials). What’s more, technology to harvest and store renewable energy relies on difficult-to-recycle materials. That’s why solar panels, wind turbines and lithium-ion batteries are not recycled, but landfilled or incinerated.
The third dent in the credibility of the circular economy is the biggest: the global resource use – both energetic and material – keeps increasing year by year. The use of resources grew by 1400% in the last century: from 7 gigatonnes (Gt) in 1900 to 62 Gt in 2005 and 78 Gt in 2010. That’s an average growth of about 3% per year – more than double the rate of population growth.
Growth makes a circular economy impossible, even if all raw materials were recycled and all recycling was 100% efficient. The amount of used material that can be recycled will always be smaller than the material needed for growth. To compensate for that, we have to continuously extract more resources.
The difference between demand and supply is bigger than you might think. If we look at the whole life cycle of resources, then it becomes clear that proponents for a circular economy only focus on a very small part of the whole system, and thereby misunderstand the way it operates.
A considerable segment of all resources – about a third of the total – are neither recycled, nor incinerated or dumped: they are accumulated in buildings, infrastructure, and consumer goods. In 2005, 62 Gt of resources were used globally. After subtracting energy sources (fossil fuels and biomass) and waste from the mining sector, the remaining 30 Gt were used to make material goods. Of these, 4 Gt was used to make products that last for less than one year (disposable products).
Illustration: Diego Marmolejo.
The other 26 Gt was accumulated in buildings, infrastructure, and consumer goods that last for more than a year. In the same year, 9 Gt of all surplus resources were disposed of, meaning that the “stocks” of material capital grew by 17 Gt in 2005. In comparison: the total waste that could be recycled in 2005 was only 13 Gt (4 Gt disposable products and 9 Gt surplus resources), of which only a third (4 Gt) can be effectively recycled.
Only 9 Gt is then put in a landfill, incinerated, or dumped – and it is this 9 Gt that the circular economy focuses on. But even if that was all recycled, and if the recycling processes were 100% efficient, the circle would still not be closed: 63 Gt in raw materials and 30 Gt in material products would still be needed.
As long as we keep accumulating raw materials, the closing of the material life cycle remains an illusion, even for materials that are, in principle, recyclable. For example, recycled metals can only supply 36% of the yearly demand for new metal, even if metal has relatively high recycling capacity, at about 70%. We still use more raw materials in the system than can be made available through recycling – and so there are simply not enough recyclable raw materials to put a stop to the continuously expanding extractive economy.
A more responsible use of resources is of course an excellent idea. But to achieve that, recycling and re-use alone aren’t enough. Since 71% of all resources cannot be recycled or re-used (44% of which are energy sources and 27% of which are added to existing stocks), you can only really get better numbers by reducing total use.
A circular economy would therefore demand that we use less fossil fuels (which isn’t the same as using more renewable energy), and that we accumulate less raw materials in commodities. Most importantly, we need to make less stuff: fewer cars, fewer microchips, fewer buildings. This would result in a double profit: we would need less resources, while the supply of discarded materials available for re-use and recycling would keep growing for many years to come.
It seems unlikely that the proponents of the circular economy would accept these additional conditions. The concept of the circular economy is intended to align sustainability with economic growth – in other words, more cars, more microchips, more buildings. For example, the European Union states that the circular economy will “foster sustainable economic growth”.
Even the limited goals of the circular economy – total recycling of a fraction of resources – demands an extra condition that proponents probably won’t agree with: that everything is once again made with wood and simple metals, without using synthetic materials, semi-conductors, lithium-ion batteries or composite materials.
64 Comments on "How Circular is the Circular Economy?"
makati1 on Tue, 13th Nov 2018 6:39 pm
The US’ economy is circular. It is circling down the drain. LOL
Recycle is a joke. Total use will shrink when the world economy contracts and not before. Change will have to be forced by the collapse of BAU. That is coming soon. Be patient.
Chrome Mags on Tue, 13th Nov 2018 6:45 pm
Round
Like a circle in a spiral
Like a wheel within a wheel
Never ending or beginning
On an ever spinning reel
Like a snowball down a mountain
Or a carnival balloon
Like a carousel that’s turning
Running rings around the moon
Is that what they mean? lol
I AM THE MOB on Tue, 13th Nov 2018 7:13 pm
Russian economy to collapse in 4 years, Senator says
https://en.crimerussia.com/gover/russian-economy-to-collapse-in-4-years-senator-says/
Bye Bye Putin!
makati1 on Tue, 13th Nov 2018 8:22 pm
“Washington under Republicans an undemocratic Dems is hostile to Beijing’s growing influence and economic development – notably its “Made in China 2025” strategy, seeking to advance key sectors of its economy to world-class status….
Russia already surpassed America as the world’s dominant military power, its super-weapons more advanced than Pentagon ones.
China is heading toward becoming the world’s leading economy in the years ahead. Reality doesn’t go down well in Washington, slipping as other nations advance – notably China and Russia, the world’s leading sovereign independent nations.”
https://www.globalresearch.ca/china-us-dialogue-polite-diplomacy-illegal-sanctions-washingtons-unspoken-intent-is-to-contain-china/5659692
“The speed at which this Orwellian rhetoric is being adopted by the hoi polloi of the US is alarming and, for those of us who are non-Americans, residing outside the US, the US is rapidly losing its image of respected world leader and resembling instead a perverse circus side show.” My thoughts exactly!
https://www.theburningplatform.com/2018/11/13/the-american-dream-2/#more-186823
Slip slidin’…
makati1 on Tue, 13th Nov 2018 8:30 pm
MOB, “Senator says” is hardly proof of anything. Senators are some of the biggest liars in the world. You really are a brainwashed American. Think for yourself, if you still can. I doubt it.
As for Russia, one of the largest oil reserves left in the world. Ditto for natural gas, and many other resources. A debt to GDP ration of about 40%. A growing economy. Etc. All positives. Russia is one of the new super powers, not going to disappear because some senator wants it to. LMAO
makati1 on Tue, 13th Nov 2018 8:49 pm
“The Welfare Generation: Over Half Of America’s Kids Live In Households Getting Govt Assistance”
https://www.cnsnews.com/commentary/terence-p-jeffrey/welfare-generation-kids-households-getting-government-assistance-drop
“Of the 322,549,000 people in the United States in 2017, 73,356,000 were under 18 years of age. Of these children, 37,908,000—or 51.7 percent—lived in a household that received means-tested government assistance.”
Slip slidin’…
makati1 on Wed, 14th Nov 2018 1:52 am
AmErica’s antique military…
“US Army warns of crippling sealift shortfalls during wartime”
““By 2034, 70% of the organic fleet will be over 60 years old — well past its economic useful life…” 17 years to go.
“Ships assigned to the Maritime Administration’s Ready Reserve Force are moored in Alameda, Calif., on Sept. 28, 2016. These 40-year-old-plus steam ships…“This exacerbates the challenge of maintaining older vessels with obsolete equipment and scarce spare parts.””
https://www.defensenews.com/naval/2018/11/12/us-army-warns-of-crippling-sealift-shortfalls-during-wartime/
Slip slidin’…
I AM THE MOB on Wed, 14th Nov 2018 3:54 am
Kentucky Governor says zombie shows lead to mass shootings
https://www.courier-journal.com/story/news/politics/2018/11/13/kentucky-governor-matt-bevin-says-zombie-shows-lead-mass-shootings/1988733002/?fbclid=IwAR3b2wMytpjiTTzcWMHMC09U8BlM7FLR0XAPkqcApV2Bk9UYjVMp1BP9f4U
Davy on Wed, 14th Nov 2018 4:11 am
“lived in a household that received means-tested government assistance.”
Well, at least the US takes care of its kids. I am sure your heros, China, Russia, and the P’s are not anything to brag about.
slip slidin
Davy on Wed, 14th Nov 2018 4:13 am
“US Army warns of crippling sealift shortfalls during wartime”
There will be plenty of maritime assets to hire in time of war and plenty of jumbo jets to use. You are barking up a tree billy.
slip slidin
Davy on Wed, 14th Nov 2018 5:20 am
This is more of the tech obsession with itself. So they are trying to figure out how to deal with the bad side of a techno economy with more techno economy. That is the definition of circular. Real sustainable development is true green not fake green of the techno optimists. The cornucopians who populate most of the important positions in corporations and government believe this charade of modern civilization will continue indefinitely. It is now an elaborate myth. It won’t continue and it will not end well. This is the nature of planetary systems from the very beginning of life. Even the best of planetary systems of the past ages ended. They were true ecosystems tied to the planetary web of life and in tune to planetary cycles. Ours is the most out of touch of any in my opinion. Our planetary ecosystem post ice age has been truly magnificent but humans have brought that to an end rapidly. I mean it is amazing how fast we destroyed this ecosystem with knowledge and tech that we are talking being circular with. It is the flux of the geologic with climate and tectonics that keep life a float but this geologic underpinning also ends life’s constructions to be regrown in the process of succession. Life is a cycle and that is the true circular.
That said we are stuck with a late term civilization and trapped in our own devices. We are stuck with tech and tech is part of the solution but not the answer. Tech is absolutely essential if our motivation and focus is to sustainably develop in respect to saving people for what is ahead. We have no choice but to develop and use resources to support people. If we decide at some point to choose between the planet and people then we will have to make draconian changes to our reproduction and our safety nets. The cold calculation of triage will dictate who lives and who dies. We will have to lower population to 1BIL or less in a generation as one option. It is likely nature will do this for us but for sake of conversation then we should be aware of what it will take instead of denial. We will not have the resources to sustain all those old people in the last years of their lives. Old people retiring to a warm location will not happen. Young people and people too weak to live will die. People and communities left to misfortune of natural disasters will perish and have their lives destroyed. The strong will survive. This is how the planet has always worked. We change that slightly for a very short time.
In the meantime let’s say we have a few decades to do as we are doing as our modern civilization is. This civilization likely will be flushed down into the oblivion that all civilizations have gone into. Yet, we are here now and our instinct is to live and care for our significant others. We have no choice but to do as we are doing but we should have the wisdom of understanding what we are doing. The real problem comes when you do things without understanding what you are doing. In these cases as is our case then you create civilizations like we have created that destroy the planetary web of life by forcing the planetary cycles that support life. You should not mess with the web of life by destroying forests, wetlands, and causing a vast extinction event. You do not force the carbon cycle that maintains the climate. You do not introduce unnatural products like chemicals and plastics on a massive scale. You do not overpopulate your species and domesticated species in all available niches. We have done this and we will pay for it.
What you do is to wise up and quit digging your hole. You learn to mitigate and adapt. I doubt this can be done by our late term civilization at the top. We have trapped ourselves at this level. What we can do is as individuals, small groups, and maybe communities is adapt to a lost civilization. You can’t leave it but you can realize where it is going and mitigate this unwise behavior as bet you can. You can be honest and realize it will not be a happy ending and there is no way your ending will be happy either. I mention happy endings because this is what humans have always done but ours modern myth is the most unrealistic of all of them. This unhappy ending can be less bad and more rewarding with more meaning. Meaning comes from the truth. There is no circular economy but there is the cycle of life. Adapt to the cycle of life which currently is dominated by a late term human civilization nearing its end. Maybe that is a few decades away maybe not. You can find meaning in wisdom. Wisdom involves knowing what knowledge to utilize and which not to embrace. This means using the right tech and this means the best of the old and new. It does not mean to keep digging the hole our modern techno optimist are digging. It means a new myth and new way of life because this way of life will not last. Collapse now and beat the rush. When I say collapse I say this in regards to changing your life to conform to reality so the collapse is in regards to the part you play in the unreality of modern civilization. If nothing else be aware of unreality. Meaning is golden.
Davy on Wed, 14th Nov 2018 6:00 am
Dark clouds in Deutschland
“German Economy Shrinks For First Time In 3 Years As Car Production Collapses”
https://tinyurl.com/yby5x8u4
(graph) https://tinyurl.com/ybvp6aw8
“After notching a tepid growth rate in the prior quarter, the Bundesbank’s warnings that the economic engine of Europe faltered during the third quarter have proved accurate. In what was its worst GDP print in three years, Germany saw its economy contract 0.2% in Q3, putting Europe’s strongest economy on the bring of a technical recession and providing the clearest sign yet that economic growth in the euro area stalled just as the ECB was preparing to end its massive bond buying program with an eye toward raising interest rates late next year, according to Bloomberg. While the hope is that the setback is related largely to new emissions tests that temporarily disrupted car production, the data will feed into fears that the euro area’s expansion has faltered as the Continent faces down risks including Italy’s confrontational populism, the looming Brexit, and the ongoing US trade conflict (which threatens to hammer the German auto industry if Trump changes his mind and decides to pursue tariffs).”
Davy on Wed, 14th Nov 2018 6:07 am
This is one of the reason neder is on an American web page. He still has the freedom to say things he can’t say at home. It is amazing that he is so critical of the US on everything but does not acknowledge this particular privilege.
“ACTA 2.0 – The End Of Freedom On The Internet”
https://tinyurl.com/y85nxu7z
Freedom of expression is a thorn in the side of EU technocrats. The new intellectual property law adopted by the European Parliament in September threatens our fundamental rights. Internet means freedom. Still. We can (still) freely retrieve content with our search engines. We can (still) freely and without further ado access the sources in a text. This will soon change.
Davy on Wed, 14th Nov 2018 6:12 am
“BRI has mainly benefited China’s state-owned enterprises”
“Visualizing China’s Belt And Road Investment Map”
https://tinyurl.com/yahxo9t2
“By now, more than 100 countries and international organizations have signed BRI cooperation agreements with China. So far, given that most of investment projects are associated with infrastructure development, BRI has mainly benefited China’s state-owned enterprises. Some regions of the vast investment landscape are doing better than others. Due to proximity to China and the demand for better infrastructure, Southeast Asia remains a high priority for China’s SOEs. Other important beneficiaries are India, Pakistan, Bangladesh and Myanmar, partly due to the size of their populations and growing market potential.”
Эй, братья, пожалуйста, ударьте антиамериканскую собаку, которую я сделал из гранитного форума on Wed, 14th Nov 2018 6:31 am
thank you supertard
Davy on Wed, 14th Nov 2018 6:31 am
Wow, that sucks for Iran now they get a double whammy of sanctions and low prices.
“Crude’s Collapse Is Sending Shockwaves Across Global Markets”
https://tinyurl.com/yd3qea5k
“Investors have gone from contemplating the prospect of oil at $100 to sub-$50 in less than two months. No wonder global markets are playing catch-up. From stocks and bonds to currencies, assets worldwide are gripped by a crude awakening. Monday saw oil’s largest one-day drop in three years, securing its longest losing streak on record.”
“Meanwhile, tumbling prices are undercutting market gauges of headline inflation expectations in Germany and the U.S., close to notching 2018 lows. Any slowdown in price growth could mean a less hawkish outlook for monetary policy.”
Davy on Wed, 14th Nov 2018 6:37 am
DUH???
“California’s Wildfire Epidemic Is Blamed on Bad Building Decisions”
https://tinyurl.com/y7oja7ea
“California’s deadly wildfires have a straightforward solution, experts say: stop building homes in places that are likely to burn — and make homes that already exist in those areas a whole lot tougher. That approach, wildfire and climate policy experts are quick to add, would be expensive and unpopular, especially in a state with both a housing shortage and stunning wooded landscapes that people want to live in. But as climate change causes more frequent and shocking blazes, they say anything less won’t make enough of a difference. “It’s a land-use issue,” said Alice Hill, a senior adviser for climate resilience to President Barack Obama. Without so many homes being constructed in vulnerable areas at the edge of the forest, “we would still have the fires. But we wouldn’t have this kind of devastation.”
Эй, братья, пожалуйста, ударьте антиамериканскую собаку, которую я сделал из гранитного форума on Wed, 14th Nov 2018 6:54 am
thank you supertard, yes the wild fire issue with expensive homes are known to everyone, like those who build on hurricane prone beaches. it can’t be that nobody knows. the insurers know.
Davy on Wed, 14th Nov 2018 7:48 am
Unravel?
“Nomura: “Long-Awaited” Credit Contagion Emerges, Crushing Risk Sentiment”
https://tinyurl.com/yd4kol45
“For the past month, ground zero for “max pain” trades had been concentrated in equities, and specifically growth and tech stocks, which slumped into a bear market amid “peak profit” (and “peak iPhone”) and economic slowdown concerns, leading to dramatic losses for hedge funds which have been forced to liquidate positions and meet redemption requests ahead of a November 15 deadline, while getting crushed by a dramatic squeeze in value stocks. However, that changed in recent days when first the collapse in oil – coupled with a historic short squeeze in nat gas – redirected attention to the dramatic events in the commodity sector, leading to major losses for commodity CTAs and momentum traders. Meanwhile over the past 48 hours the sudden blow out in GE credit to junk bond levels, has shaken the investment grade bond market, prompting renewed fears about hundreds of billions in future “fallen angel” bonds, whose inevitable downgrade to junk could lead to the next bond market crisis according to such investors as Guggenheim’s Scott Minerd. Commenting on the “credit contagion” move, Nomura’s Charlie McElligott writes this morning that the Credit market’s “catch down” to Equities “was a significant development of the past few days.”
Bug on Wed, 14th Nov 2018 8:56 am
Davy, fuel for the military goes on tankers. While it can be jumbo jetted, think of the costs. Our merchant marine is pretty antiquated, old, the weak link in the chain. To rebuild and refurbish it takes money, and with our debt, it is invisible.
Эй, братья, пожалуйста, ударьте антиамериканскую собаку, которую я сделал из гранитного форума on Wed, 14th Nov 2018 9:13 am
aswange, isis is regrouping and wanting to establish a caliphate in the phils. loads of foreign western fighters are converging in mindanao . you’ll be kidnapped soon, you’re worth about $20 but to them it’s a great deal.
Sissyfuss on Wed, 14th Nov 2018 9:14 am
A circular economy is another desperate attempt by late stage Capitalism to salvage any vestige of its former glory. True economic growth is dying and it is taking all present and historic forms of economic success with it. It is our pride and hubris that has brought us to the edge of the abyss and our lack of humility will force us over. Our greatest error is thinking that we are above and separate from Nature and that our civilization has no deleterious impact on her. It looks as if a Great Awakening is coming too late to have any real effect towards maintaining our continued existence on a healthy planet. The evolutionary experiment of the human being looks to be a spectacular failure.
JuanP on Wed, 14th Nov 2018 9:25 am
It looks like PO has become the Exceptionalist’s blog! ROFLMFAO! And that lazy bum claims to be a farmer! I wonder if he ever held a jodb in his life; he is obviously unemployed now. I couldn’t make this shit up!
JuanP on Wed, 14th Nov 2018 9:28 am
“US gearing up for Cold War with China” VP Pence.
https://www.rt.com/usa/443911-pence-cold-war-china/
JuanP on Wed, 14th Nov 2018 9:34 am
“Crude mood: oil enters bear market”
https://www.rt.com/business/443924-oil-slump-bear-market/
Davy on Wed, 14th Nov 2018 10:29 am
“Davy, fuel for the military goes on tankers. “
Yea, there are plenty of merchant ships out there throughout the world to use. If it is a military action you pay to use these ships. If it is WWIII you take them as needed.
“While it can be jumbo jetted, think of the costs. “
I did not mean for fuel to be airlifted although this is standard activity for air wars with refueling tankers.
“Our merchant marine is pretty antiquated, old, the weak link in the chain. To rebuild and refurbish it takes money, and with our debt, it is invisible.”
Merchant marine is antiquated idea. There is no reason to let ships sit rusting waiting around around for a WWIII.
Davy on Wed, 14th Nov 2018 10:35 am
“It looks like PO has become the Exceptionalist’s blog! ROFLMFAO!”
We all appreciate the fact you stopped your dirty identity theft activity dirty Juan.
“And that lazy bum claims to be a farmer!”
ah, I guess dumbasses like you can’t multitask. Don’t you have a garden party to go to? I just got done feeding animals and breaking ice off the waters. You probably got done having coffee at your beach café. What a pussy.
“I wonder if he ever held a jodb in his life;
Well we know one thing you only have a GED and I have a Finance degree. That means you probably never had a real job and I have.
“he is obviously unemployed now. I couldn’t make this shit up!”
I wonder how you know all these things dirty juan? Could it be you got your clock cleaned and now you are whining and lashing out? Where is your stupid gang these days? I think all of you got your asses kicked. Go kite serf you ignorant playboy..
Davy on Wed, 14th Nov 2018 10:38 am
Standard uneducated Juan giving us zero content articles references. Juan is too lazy and ignorant to be able to digest the articles and put some relevant content down. He is here just to make his appearance and act like he is smart.
JuanP on Wed, 14th Nov 2018 9:28 am “US gearing up for Cold War with China” VP Pence.
JuanP on Wed, 14th Nov 2018 9:34 am “Crude mood: oil enters bear market”
JuanP on Wed, 14th Nov 2018 10:41 am
Clinton 2020?
https://www.politico.com/story/2018/11/12/clinton-aide-2020-run-983684
I AM THE MOB on Wed, 14th Nov 2018 10:44 am
Mike Pence calls his wife “Mother”..
He calls the woman he bust a nut in his mother..
LMFAO!
Davy on Wed, 14th Nov 2018 10:57 am
come on stupid. They have kids. I can tell you are just a dumbass clueless kid looking stupidity. LMFAO
Davy on Wed, 14th Nov 2018 10:58 am
“https://www.politico.com/story/2018/11/12/clinton-aide-2020-run-983684”
old news stupid
JuanP on Wed, 14th Nov 2018 11:59 am
Wow! A whole two days old, oh, old wise one. LOL! Loser!
Davy on Wed, 14th Nov 2018 12:57 pm
“What’s The Real Reason Behind Oil’s Collapse”
https://tinyurl.com/y7msn7co
(graph) https://tinyurl.com/yau6jqgg
“In a note released overnight, Goldman’s chief commodity strategist Jeffrey Curie writes that “driving the most recent leg of the oil sell-off has instead first been momentum trading strategies and second, increased selling of crude oil futures by swap dealers as they manage the risk incurred from existing producer hedging programs in a falling price environment. Yet another theory is that a “whale” fund had been massively long – and wrong – oil while shorting nat gas, and the result has been a two week liquidation of the pair trade, as both legs have been unwound. While all these arguments have merit, the real reason for oil’s precipitous plunge – according to Bloomberg Intelligence – is neither. Observing that Brent crude has lost $21 a barrel at yesterday’s close from its high this year on Oct. 3, Bloomberg’s Ziad Daoud calculates that weaker demand accounts for $18, or 85%, of the price decline, while supply is responsible for the remaining 15% In deriving his calculation, Daoud observes that the IEA (and even OPEC) recently lowered their forecasts for the growth in oil demand next year, citing a slowing global economy caused by rising trade tensions, higher interest rates and turmoil in emerging markets, as the reason behind the downgrade. That said, supply factors were not completely absent, but as shown in the chart above, these have only contributed 15% to the decline in oil prices since early October. Of these, the U.S. decision to grant waivers to eight countries to continue importing oil from Iran eased some of the supply concerns. Expectations of higher non-OPEC supply, particularly from the U.S., have also been a factor.”
Anonymouse on Wed, 14th Nov 2018 1:47 pm
Kris De Kecker is a very intelligent person with an incredible grasp of the the issues. I have read pretty much all his articles and always look forward to seeing what he has to say next.
As opposed to the boring, pretentious overblown goatshit you crank out expcetionalturd. Those get ignored, completely. Who do you think reads your cut and paste word salads anyhow, dumbass?
Cloggie on Wed, 14th Nov 2018 2:00 pm
Scotland was powered for 98% by wind throughout windy October:
https://cleantechnica.com/2018/11/13/scottish-wind-delivers-equivalent-of-98-of-countrys-october-electricity-demand/
And it is only 2018 and Scotland did not go bankrupt.
Renewable energy skeptics have a screw lose. Of course it can be done.
P.S. besides my regular IT work I will be joining a startup as parttime consultant regarding renewable energy and storage and will likely reduce posting as a consequence. First things first.
Davy on Wed, 14th Nov 2018 2:31 pm
“Kris De Kecker is a very intelligent person with an incredible grasp of the the issues. I have read pretty much all his articles and always look forward to seeing what he has to say next.”
Does he Jew bait and stalk and prick Americans in an anti-American frenzy? LOL, you don’t know what intelligent is and which issues are relevant. You are a degenerate person of low intelligence parading as something else.
Cloggie on Wed, 14th Nov 2018 2:55 pm
https://www.krisdedecker.org
Davy on Wed, 14th Nov 2018 3:01 pm
neder, I have low tech mag tagged and I like what I read from Kris De Keckers if that is why you referenced it. Another plus I guess the guy is Dutch which will make you proud.
My comment was directed to our board sock cop clown who rarely ever has anything intelligent to say with most comments slimy and off topic.
I AM THE MOB on Wed, 14th Nov 2018 3:24 pm
CLogg
Scotland is a tiny little country and they are very windy there..Think British open..
Wind wont’ work on a large scale ever..It’s science fiction and you are ill informed..And your source has an obvious conflict of interest with the renewable industry..
Solar and Wind produced less than one percent of total world energy in 2016 – IEA WEO 2017
https://www.iea.org/publications/freepublications/publication/KeyWorld2017.pdf
UC Davis Peer Reviewed Study: It Will Take 131 Years to Replace Oil with Alternatives
(Malyshkina, 2010)
http://pubs.acs.org/doi/abs/10.1021/es100730q
University of Chicago Peer Reviewed Study: predicts world economy unlikely to stop relying on fossil fuels (Covert, 2016)
https://www.aeaweb.org/articles?id=10.1257/jep.30.1.117
At this rate, it’s going to take nearly 400 years to transform the energy system
https://www.technologyreview.com/s/610457/at-this-rate-its-going-to-take-nearly-400-years-to-transform-the-energy-system/
I AM THE MOB on Wed, 14th Nov 2018 3:25 pm
CLogg
Tell your mom I was asking about her..And bring me a pair of her panties..
LMFAO!
Antius on Wed, 14th Nov 2018 3:37 pm
Kris is from Flanders (Belgium).
“Scotland was powered for 98% by wind throughout windy October”
I can’t help but notice that I have to make the same points over and over.
Scotland is about 8% of the UK by population and similar proportion of total electricity consumption. What actually happened was that wind turbines in Scotland dumped the equivalent of 98% of total October electricity consumption as intermittent power onto the UK grid and then withdrew dispatchable power from the grid. There would have been periods when wind contribution would have been more than 100% of local consumption; other times a lot less.
I am in favour of the development of non-fossil energy sources. But we should say it as it is. We cannot propagandise our way out of an energy crisis.
Davy on Wed, 14th Nov 2018 3:41 pm
“We cannot propagandise our way out of an energy crisis.”
Same advice
Cloggie on Wed, 14th Nov 2018 3:47 pm
Another plus I guess the guy is Dutch which will make you proud.
He is Belgian-Flemish.
But I’ll forgive him.
https://www.youtube.com/watch?v=I_xP7tcPU3g
https://www.youtube.com/watch?v=ra7oFdSlZB0
“By 2050 the Netherlands and Flanders will be reunited again”
https://radio1.be/2050-zijn-vlaanderen-en-nederland-herenigd
https://en.wikipedia.org/wiki/Greater_Netherlands
…and push Canada out of the G8.lol
Belgium was a creation of the British/Wiener Congress, as a measure against France after Napoleon, just like Czecho-Slovakia was a British creation, cut of from Germany.
Perhaps it is now Scotland’s turn.lol
Nothing is eternal.
Antius on Wed, 14th Nov 2018 3:52 pm
From the link:
“National Grid demand for the month – 1,850,512 MWh
What % of this could have been provided by wind power – 98%
Best day – 23rd October 2018, generation was 105,900.94 MWh, powering 8.72m homes, 356% of households. Demand that day was 45,274.5MWh – wind generation was 234% of that.
Worst day – 18th October 2018 when generation was 18,377.71MWh powering 1,512,568 homes, 62% of households. Demand that day was 73,628.5MWh – wind generation was 25%”
Wind power generation varied from 25% to 234% of demand within Scotland.
That’s not to say that it’s impossible to power Scotland or indeed other parts of the world with renewable energy. But it would be disingenuous to suggest that this is presently the situation.
Cloggie on Wed, 14th Nov 2018 3:54 pm
Scotland is about 8% of the UK by population and similar proportion of total electricity consumption. What actually happened was that wind turbines in Scotland dumped the equivalent of 98% of total October electricity consumption as intermittent power onto the UK grid and then withdrew dispatchable power from the grid. There would have been periods when wind contribution would have been more than 100% of local consumption; other times a lot less.
Size is not really that relevant, apart from indeed the obvious buffer that England volunteered to be for Scotland. But what Scotland can harvest from their Highlands, England can harvest in the North Sea. Generating 100% from wind is not a difficult task, Germany has regularly several 100% days.
Germany is 80 million and has 40% renewable electricity. It is a matter of political will and choice. Storage options are being developed as we speak, in many directions.
Antius on Wed, 14th Nov 2018 3:56 pm
“By 2050 the Netherlands and Flanders will be reunited again”
Have you been stealing the Tardis again Cloggie?
Cloggie on Wed, 14th Nov 2018 4:05 pm
https://www.metronieuws.nl/nieuws/binnenland/2016/03/wilders-wil-vlaanderen-bij-nederland-hebben
“WILDERS WIL VLAANDEREN BIJ NEDERLAND HEBBEN”
I AM THE MOB on Wed, 14th Nov 2018 4:08 pm
Clogg
And Germany has the highest electircy cost in the world..They are so high they even lost one of their major BMW factories to America becuase of it..And they almost had rolling blackouts..
Germany’s Expensive Gamble on Renewable Energy
https://www.wsj.com/articles/germanys-expensive-gamble-on-renewable-energy-1409106602
Germany Runs Up Against the Limits of Renewables
https://www.technologyreview.com/s/601514/germany-runs-up-against-the-limits-of-renewables/
You are so ill informed..
Cloggie on Wed, 14th Nov 2018 4:12 pm
https://m.youtube.com/watch?v=ZvnUfYmru8w
Geert Wilders gets a big applause *in Flanders* for his reunification suggestion… ok, for a rightwing public.
France would no doubt take Wallonia.