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Green Leap Forward
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Writing on the stumbling energy transition.

“Now that energy costs have surged, the true cost of installing and operating renewables are obvious. The relationship between energy input costs and the cost to produce renewable electricity is based upon our propriety research. We have not seen this argument laid out anywhere before, but the more we study the issues the more we’re convinced we are correct... Amazingly, no one has connected declining energy costs and cheap capital with the proliferation over the last decade of energy-hungry, capital-intensive projects such as wind, solar, and lithium-ion battery manufacturing. We think the two are fundamentally linked. What will happen when energy prices normalize and interest rates rise — as is happening right now?”

From “The Distortions of Cheap Energy” by Leigh Goehring and Adam Rozencwajg

@saifedean covered a similar thesis in The Fiat Standard.

Fiat energy:

“Goehring and Rozencwajg, who run a New York-based investment firm of the same name, regularly publish analyses on trends in energy and natural resources. They continued their essay by listing the enormous amount of stuff needed to make a 1.5-megawatt wind turbine: 235 tons of steel, 600 tons of concrete, 15 tons of carbon fiber, and nine tons of copper. They sum up the problem by concluding that it would take 10 wind turbines to replace the energy produced by a single oil well in the Permian Basin”

https://robertbryce.substack.com/p/the-iron-law-of-power-density-part

The Guardian showing some love for the patasitic criminal Peronists and the Misery Industry 🙄 nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

It’s interesting to see how Fiat Corporate Press is panicking over Milei.

The claims that embracing bicycling to fix the weather are as crazy as ever.

Such lazy levels of thinking is a feature of Fiat. nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

https://principledbicycling.substack.com/p/biking-to-save-the-oceans-from-boiling

“After a century, it is fair to say fiat has successfully destroyed the modern university as a center of learning and research, transforming a once noble institution into a make-work welfare program for nerds, a highly overpriced credential mill, an inescapable debt trap, a country club experience, a political indoctrination camp, and a corporate advertising agency. He who pays the piper calls the tune, and as students are not the main source of income for universities, they are increasingly turning into the product universities offer to their various governmental and private sponsors, rather than the consumers.”

“Perhaps the most pernicious effect of the fiatization of the modern university is the destruction of the scientific method. What passes for science now is a mix of government propaganda, corporate advertising, make-work welfare programs for nerds, and research papers that amount to meaning-free irrelevant gibberish. This sad state of affairs persists and survives because government intervention has removed the market test for success.

With funding for research primarily coming from government bureaucrats, academics don’t need to worry about real-world, profitable applications of their work. Irrelevant research bears no cost for the researcher or his institution.”

From:

The Fiat Standard

By:

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

https://blackmon.substack.com/p/thursdays-energy-absurdity-so-theres