That is the topic of my latest Bloomberg column. Here is one excerpt: First, as a matter of practice, if there is a true AI boom, or the advent of artificial general intelligence (AGI), the demand for capital expenditures (capex) will be extremely high. Second, as a matter of theory, the productivity of capital is […]
Will strong AI raise or lower interest rates?
Will strong AI raise or lower interest rates?
29 Mar 2024 Leave a comment
in applied price theory, energy economics, entrepreneurship, industrial organisation Tags: artificial intelligence
The Real Climate Crisis: Relying Upon Weather-Dependent Wind & Solar
29 Mar 2024 Leave a comment
in energy economics, environmental economics, global warming Tags: solar power, wind power
Frozen wind turbines and solar panels buried under piles of snow and ice produce nothing at all, except photo opportunities. When the weather conspires against the ‘unreliables’, somewhere there will be a coal, or gas or diesel powered generator ready to swing into action and prevent you from freezing in the dark. However, if the […]
The Real Climate Crisis: Relying Upon Weather-Dependent Wind & Solar
The EU’s net zero retreat is gathering steam
28 Mar 2024 Leave a comment
in energy economics, environmental economics, global warming Tags: electric cars, solar power, wind power
By Paul Homewood Building new gas power plants will, of course, “only make the transition to renewables-based power unnecessarily costly”. How do I know? Because I heard it from a bunch of climate activists calling themselves Beyond Fossil Fuels. What’s more, building new gas plants runs contrary to the “emerging consensus” that Europe […]
The EU’s net zero retreat is gathering steam
Labour’s net zero target faces £116bn ‘investment challenge’
28 Mar 2024 Leave a comment
in econometerics, energy economics, environmental economics, global warming Tags: British politics
Challenge is putting it mildly. Cloud cuckoo land beckons once again in the form of impossible but supposedly climate-related targets. Some timescales are hard to shorten just by uttering demands. – – – A report by Policy Exchange, supported by analysis from Aurora Energy Research, outlines challenges facing Labour’s aim to achieve a decarbonised power […]
Labour’s net zero target faces £116bn ‘investment challenge’
Real ‘Green’ Energy: Germany Bulldozes Ancient Fairytale Forest For Wind Turbines
25 Mar 2024 Leave a comment
in energy economics, environmental economics, global warming Tags: celebrity technologies, Germany, wind power
If the wilderness being turned into smouldering ash is used as a platform for hundreds of 260m high/300 tonne industrial juggernauts, it’s all for the greater good (as in the case above, where huge areas of pristine tropical rainforest is being wiped out in Far North Queensland to make way for hundreds of these things). […]
Real ‘Green’ Energy: Germany Bulldozes Ancient Fairytale Forest For Wind Turbines
California’s Electricity Disaster In Seven Charts
25 Mar 2024 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming, politics - USA Tags: celebrity technologies, wind power
Residential electricity prices jumped nearly 12% in 2023 and they are going higher. But the carbon intensity of power generation isn’t falling and low-income ratepayers are subsidizing the rich.
California’s Electricity Disaster In Seven Charts
Massive Wind & Solar Subsidies Principal Cause of Your Rocketing Power Bills
24 Mar 2024 Leave a comment
in energy economics, environmental economics, global warming, politics - Australia Tags: celebrity technologies, wind power
It takes more than just your average leap of logic to contend that the grand wind and solar ‘transition’ constitutes rational energy policy. That so-called ‘policy’ means doling out massive subsidies to wind and solar generators for weather-dependent occasional power; then subsidising coal-fired power plants to stay operating to fill the ‘gaps’ caused by sunset […]
Massive Wind & Solar Subsidies Principal Cause of Your Rocketing Power Bills
History of weather extremes reveals little has changed, new report shows
24 Mar 2024 Leave a comment
in energy economics, environmental economics, global warming Tags: climate alarmism
By Paul Homewood London, 22 March – A new report published by the Global Warming Policy Foundation challenges the popular but mistaken belief that weather extremes – such as flooding, droughts, hurricanes, tornadoes and wildfires – are more common and more intense today because of climate change.
History of weather extremes reveals little has changed, new report shows
Mega-Battery Owners Rolling in Cash Whenever Wind & Solar Output Collapse
22 Mar 2024 Leave a comment
in energy economics, environmental economics, global warming, transport economics, urban economics
Sunset and calm weather provides the perfect opportunity for rent-seekers profiting from the market chaos that follows. The owners of fast-start diesel and gas-generators make out like bandits, as the spot price for power goes from less than $100 per MWh to tens of thousands of dollars per MWh. Couple a sudden collapse of wind […]
Mega-Battery Owners Rolling in Cash Whenever Wind & Solar Output Collapse
USA Oil Production Sets World Record… Again
22 Mar 2024 Leave a comment
in energy economics, environmental economics, global warming
Despite the worst efforts of the incontinent temporary occupant of the White House… The USA “produces mot crude oil than any country”… EVAH
USA Oil Production Sets World Record… Again
Climate: The Movie
22 Mar 2024 Leave a comment
in energy economics, environmental economics, global warming, movies, politics - USA Tags: academic bias, climate alarmism
Martin Durkin’s Climate:The Movie is now released: Climate The Movie from Martin Durkin on Vimeo. This film exposes the climate alarm as an invented scare without any basis in science. It shows that mainstream studies and official data do not support the claim that we are witnessing an increase in extreme weather events – hurricanes, […]
Climate: The Movie
“Make politicians afraid to start their cars again”: British Wannabe Ecoterrorist Jailed for 13 Years
21 Mar 2024 Leave a comment
in energy economics, environmental economics, global warming, transport economics, urban economics Tags: wind power
“… exchanged messages with others who shared his hatred of government in groups called Earth Militia, Total Earth Liberation and Neo Luddite Action. …”
“Make politicians afraid to start their cars again”: British Wannabe Ecoterrorist Jailed for 13 Years
Europe’s Wind Industry Collapse Leaves Wind Power Cult Searching For New False Idols
21 Mar 2024 Leave a comment
in energy economics, environmental economics, global warming, Public Choice, rentseeking Tags: European Union, solar power, wind power
Wind power acolytes exhibit all the hallmarks of a cult. 20 years on, and anyone with critical faculties can explain in a sentence why wind power will never amount to meaningful power generation source. But the cultist still believes – running on a mix of blind faith, ignorance and blissful stupidity. Cults are never big […]
Europe’s Wind Industry Collapse Leaves Wind Power Cult Searching For New False Idols
The cost of net zero
21 Mar 2024 Leave a comment
in applied price theory, applied welfare economics, energy economics, environmental economics, global warming, politics - New Zealand Tags: climate alarmism
Emeritus Professor of Engineering Mike Kelly has published a paper estimating the costs to New Zealand to achieve net zero emissions. He says three major projects would need to be completed: And this has to be done within the next 26 years. The electricity sector would need to grow from 155 PJ to 425 PJ. […]
The cost of net zero
Aussie Renewable Investment Slumped 80% in 2023
20 Mar 2024 Leave a comment
in energy economics, entrepreneurship, environmental economics, financial economics, global warming, politics - Australia Tags: wind power
Rooftop solar / battery installations were the exception. Perhaps Aussie households are preparing for the coming grid failure?
Aussie Renewable Investment Slumped 80% in 2023
Utopia, you are standing in it! 
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