Not all forms of energy are equal; electrical energy is more precious, and costs much more than heat or mechanical energy. Companies such as SolarCity are wasting taxpayers’ money by increasing the grid’s entropy, and from a physics point of view, solar thermal makes more sense, and ultimately, it’s only these incentives that make SolarCity an economic reality.
It is probably a tie... Although the Saudis caused damage to U.S. shale, they also hit the global oil industry hard; and while they managed to preserve their market share, they paid a heavy price in terms of oil revenues.
The globalist reset needs a trigger, a crisis which admittedly we do not have the ability to avoid. But, the reset also depends on the right people in place to rebuild the system after the crisis unfolds. Here is where the future can be determined. Whoever is left standing after the opening salvo will have a choice: to hide and hope for the best, or to fight for the position to choose who builds tomorrow. Will it be the psychotic globalist cabal, or will it be free people of conscience? It may not seem like it now, but the end result is up to us.
The trouble with the money printing madness in the Eccles Building is that it generates huge deformations, misallocations and speculative excesses in the financial markets. Eventually these bubbles splatter, as they have twice this century. The resulting carnage, needless to say, is not small. Combined financial and real estate asset markdowns totaled about $7 trillion after the dotcom bust and $15 trillion during the 2008-2009 financial crisis. The Wall Street casino is now festooned with giant deadweight losses waiting to happen. But perhaps none is more egregious than Tesla - a crony capitalist con job that has long been insolvent, and has survived only by dint of prodigious taxpayer subsidies and billions of free money from the Fed’s Wall Street casino.
After weeks of preparation by an umbrella group that calls itself the Santa Claus Repudiation Organization Offering Greater Education, students at campuses across America spent Christmas Eve protesting what they consider a dangerous symbol of everything that is wrong with the world today.
"Like most members of the Congress that passed it and, undoubtedly, the president of the United States who signed it, I have not read the entirety of the ill-named Patient Protection and Affordable Care Act. Yet there is one aspect concerning that legislation of which I am certain: I will not comply."
OBAMA TO USE ADMINISTRATIVE AUTHORITY TO FIGHT CLIMATE CHANGE
OBAMA TO INVEST IN TECHNOLOGY TO MAKE FOSSIL FUELS CLEANER
OBAMA CLIMATE PLAN IS NOT A WAR ON COAL, MONIZ SAYS
We have no idea what any of that means or what administrative authority Obama has to unilaterally declare war on, well, climate. But if Obama is taking on the unprecedented Arctic heat cold and is about to usher in centrally-planned weather, we would be nervous if we were Syria. Very nervous.
The world supply of crude oil isn’t going to run out any time soon, and we will be producing oil for decades to come. However, what we won’t be doing is producing crude oil – petroleum – at the present rate of around 30 billion barrels per year. For a global civilization that is based almost entirely on a plentiful supply of cheap, crude oil, this is going to present some considerable challenges.