[Plantagenet]

$this->bbcode_second_pass_quote('ROCKMAN', 'P'): "Same thing with oil leasing....the Biden administration just conducted the biggest offshore oil lease sale in US history.."
Rather meaningless.

[yellowcanoe]

$this->bbcode_second_pass_quote('Plantagenet', '
')Biden promised to limit oil leasing in order to "keep the oil in the ground" and mitigate carbon emissions and climate change.

[AdamB]

$this->bbcode_second_pass_quote('Plantagenet', ' ') The fact that the Biden administration just conducted the largest offshore oil lease sale ever clearly shows that Biden was lying when he promised to limit oil leasing during his administration.

[vtsnowedin]

On that Biden lease sale have you read the whole story?
$this->bbcode_second_pass_quote('', 'T')he president signed an executive order in January directing the Secretary of the Interior to halt new oil and natural gas leases on public lands and waters and to begin a thorough review of existing permits for fossil fuel development.

But in June, a federal judge in Louisiana issued a preliminary injunction to block the administration’s suspension and ordered that plans continue for lease sales that were delayed for the Gulf and Alaska waters.

[Plantagenet]

$this->bbcode_second_pass_quote('vtsnowedin', '.')... if you were a big oil company would you bother to put in a bid knowing the administration will,if and when it can ,cut the legs out from under you with no refunds at the first opportunity?
Might as well go halfway around the world and bribe a corrupt dictator of some poor but resource rich country and get the Brent price for the results. Your odds of success would be better.

[Newfie]

We have an archive of military/climate change reports here in PO.

In there is one done by the Bundestag something like 8 years ago that noted as CC begins to push Germany will have to pick their “friends” based on the realities of energy supply, not who they like.

With shutting down nuclear plants that day may have come sooner.

[vtsnowedin]

$this->bbcode_second_pass_quote('Newfie', 'W')e have an archive of military/climate change reports here in PO.

In there is one done by the Bundestag something like 8 years ago that noted as CC begins to push Germany will have to pick their “friends” based on the realities of energy supply, not who they like.

With shutting down nuclear plants that day may have come sooner.

[ROCKMAN]

All: Go back and read my post again. Accept my numbers or research yourself...it won't take much effort. Have big lease sales or no new lease the end result is the same: very little new oil production coming from those NEW LEASES. I repeat: VERY LITTLE NEW OIL PRODUCTION. For MANY MANY YEARS and thru MULTIPLE POTUS' vvvery few new leases acquired by the industry from the MILLIONS OF ACREAS OFFERED IN MANY LEASE SALES. Again: the data is all readily available from the Feds online. Those offshore lease areas (primarily the Gulf of Mexico) are essentially tapped out. The last surge came from those Deep Water leases in the Gulf of Mexico. But those areas are now also long in the tooth.

Remember the name of this site: PEAK OIL!!! LOL.

All the chatter from both sides about offshore leasing is just smoke being blown up the sheeple asses. And don't count on the media from laying out the facts: it likes the verbal battle from both sides. Gives them very easy headlines. At least I would hope that folks who visit here are smart enough to no be taken in by the BS.

Take my word for it or not. Never hurts my feeling to not be believed by the ignorant masses. LOL. But I worked those offshore lease trends off and on for 41 years until I retired 3 years ago.

[Pops]

$this->bbcode_second_pass_quote('ROCKMAN', 'R')emember the name of this site: PEAK OIL!!! LOL.

[AdamB]

$this->bbcode_second_pass_quote('ROCKMAN', ' ')At least I would hope that folks who visit here are smart enough to no be taken in by the BS.

[kublikhan]

$this->bbcode_second_pass_quote('', 'T')he world’s consumption of coal is set to rise slightly in 2022, taking it back to the record level it reached nearly a decade ago. Based on current economic and market trends, global coal consumption is forecast to rise by 0.7% in 2022 to 8 billion tonnes. This global total would match the annual record set in 2013, and coal demand is likely to increase further next year to a new all-time high.

Worldwide coal consumption rebounded by about 6% in 2021 as the global economy recovered rapidly from the initial shock of the Covid pandemic. That sharp rise contributed significantly to the largest ever annual increase in global energy-related CO2 emissions in absolute terms, putting them at their highest level in history.

Global coal demand is being propped up this year by rising natural gas prices, which have intensified gas-to-coal switching in many countries, as well as economic growth in India. Those factors are being partly offset by slowing economic growth in China and by the inability of some major coal producers to ramp up production.

Demand for coal in India has been strong since the start of 2022 and is expected to rise by 7% for the full year as the country’s economy grows and the use of electricity expands. In China, coal demand is estimated to have declined by 3% in the first half of 2022 as renewed Covid lockdowns in some cities slowed economic growth, but an expected increase in the second half of the year is likely to bring coal consumption for the full year back to the same levels as last year. China and India together consume double the amount of coal as the rest of the world combined, with China alone accounting for more than half the world’s demand.

Coal consumption in the European Union is expected to rise by 7% in 2022 on top of last year’s 14% jump. This is being driven by demand from the electricity sector where coal is increasingly being used to replace gas, which is in short supply and has experienced huge price spikes following Russia’s invasion of Ukraine. Several EU countries are extending the life of coal plants scheduled for closure, reopening closed plants or raising caps on their operating hours to reduce gas consumption.

As soaring natural gas prices have made coal more competitive in many markets, international coal prices have risen in turn, hitting three all-time peaks between October 2021 and May 2022. Sanctions and bans on Russian coal following Russia’s invasion of Ukraine have disrupted markets, and issues in other major exporters have contributed to supply shortages. With other coal producers facing constraints in replacing Russian output, prices on coal futures markets indicate that tight market conditions are expected to continue well into next year and beyond.

[Plantagenet]

$this->bbcode_second_pass_quote('kublikhan', '')$this->bbcode_second_pass_quote('', 'T')he world’s consumption of coal is set to rise slightly in 2022, taking it back to the record level it reached nearly a decade ago. Based on current economic and market trends, global coal consumption is forecast to rise by 0.7% in 2022 to 8 billion tonnes. This global total would match the annual record set in 2013, and coal demand is likely to increase further next year to a new all-time high.

[AdamB]

$this->bbcode_second_pass_quote('Plantagenet', '
')Another failure for the Paris climate accords....another failure for the poorly designed climate policies of the EU and the USA.....another failure for China and India and Russia.

Another failure for the world and its beleaguered climate.

Its all very sad.

[Shaved Monkey]

Public ownership of power assets key to smooth shift to renewables, Queensland energy minister says
Government also able to offset impact of higher energy prices globally following Russia’s invasion of Ukraine

Retaining control of its electricity assets has given Queensland an edge over other regions in coordinating and funding the race to decarbonise the economy, the state’s energy minister, Mick de Brenni, says.

Queensland last month unveiled a $62bn plan to rid its power grid of coal by 2036, replacing the generation with 25GW of large-scale wind and solar farms, new transmission lines and two giant pumped hydro plants for storage.

With its dominant ownership position of electricity generation and distribution assets, the government has been able to offset the impact of higher energy prices following Russia’s invasion of Ukraine.
Rebates of $175 a household will this year total $385m “that would otherwise have gone to overseas shareholders”, de Brenni said.

De Brenni said public ownership of the energy system allowed the state to ensure new large-scale generation, transmission, and storage infrastructure could be built in time, potentially ahead of when ordinary market signals would allow.

“Because Queenslanders chose to keep energy assets in public hands, we have unprecedented control to guide the transformation of our energy system,” he said.

Raised an extra 15 Billion in royalties from miners because of new taxes and the high price of coal just this year too.

https://www.theguardian.com/australia-n ... ister-says

[mousepad]

$this->bbcode_second_pass_quote('kublikhan', ' ')Global coal demand is set to return to its all-time high in 2022

[vtsnowedin]

$this->bbcode_second_pass_quote('Shaved Monkey', 'P')ublic ownership of power assets key to smooth shift to renewables, Queensland energy minister says
Government also able to offset impact of higher energy prices globally following Russia’s invasion of Ukraine

Retaining control of its electricity assets has given Queensland an edge over other regions in coordinating and funding the race to decarbonise the economy, the state’s energy minister, Mick de Brenni, says.

Queensland last month unveiled a $62bn plan to rid its power grid of coal by 2036, replacing the generation with 25GW of large-scale wind and solar farms, new transmission lines and two giant pumped hydro plants for storage.

With its dominant ownership position of electricity generation and distribution assets, the government has been able to offset the impact of higher energy prices following Russia’s invasion of Ukraine.
Rebates of $175 a household will this year total $385m “that would otherwise have gone to overseas shareholders”, de Brenni said.

De Brenni said public ownership of the energy system allowed the state to ensure new large-scale generation, transmission, and storage infrastructure could be built in time, potentially ahead of when ordinary market signals would allow.

“Because Queenslanders chose to keep energy assets in public hands, we have unprecedented control to guide the transformation of our energy system,” he said.

Raised an extra 15 Billion in royalties from miners because of new taxes and the high price of coal just this year too.

https://www.theguardian.com/australia-n ... ister-says

[kublikhan]

$this->bbcode_second_pass_quote('mousepad', 'T')hat is weird. Weren't you the person who showed (with plenty of studies to back it up) how renewables are so much cheaper than fossil?

[yellowcanoe]

$this->bbcode_second_pass_quote('vtsnowedin', '
')The history of Nationalized or socialized industries or farms is almost universal failure so good luck to you Aussies with this latest attempt.

[Shaved Monkey]

Labor(Australian Progressive party /centre left) has promised $20bn to “rewire the nation” by accelerating the construction of new electricity transmission links between states and regions as the east coast power grid moves from running predominantly on coal power to renewable energy.
Modelling for Labor by the consultants RepuTex suggested it would help lift renewable energy generation from about 35% to 82% by 2030.

Connecting Tasmania and NSW to off shore wind farms of the coast of Victoria.
Joint federal and state governments

Victoria has six designated onshore renewable energy zones and is home to the country’s most advanced offshore windfarm proposal – a 200-turbine wind development near Gippsland, known as Star of the South.


https://www.theguardian.com/australia-n ... ergy-zones

[vtsnowedin]

$this->bbcode_second_pass_quote('yellowcanoe', '')$this->bbcode_second_pass_quote('vtsnowedin', '
')The history of Nationalized or socialized industries or farms is almost universal failure so good luck to you Aussies with this latest attempt.