Filthy Energy Makes Money On Iran
Green energy will benefit from high oil prices. However, many components of wind and solar are stuck in tankers. Big oil makes money as prices go up. Green energy is a long time coming.
Green energy will benefit from high oil prices. However, many components of wind and solar are stuck in tankers. Big oil makes money as prices go up. Green energy is a long time coming.
Temperatures are rising and falling much more quickly than they used to. People need to move from heat to AC and back again in a matter of days.
The President wants to ship oil and gas ot Europe. To get it to Centria Europe would require a super pipeline, which would be nearly impossible to build.
Premium gas prices have topped $7 a gallon in some parts of California and Hawaii. Almost 14% of Americans live in one of these two states. In California, part of the reason is the gas tax, but if oil prices continue to rise, other states will catch up.
Turning salt water into fresh water has been immensely expensive and hard to do at scale. However, areas facing drought and lacking nearby fresh water face a challenge. This includes places as far apart as Kuwait and California. New technology can help solve this problem
A new study shows the 50 hottest cities in the world are in India. And some of these have the worst air pollution. Many products that help with cooling are stuck in the Strait of Hormuz due to the Iran war disaster.
Over 60 nations met to work on lowering fossil fuel use. The three largest emitters, the US, China, and India, weren’t there. They don’t have much to say about how they can help. Right now, they can’t.
The shuttering of the Strait of Hormuz and rise in oil prices should help green energy. However, many of the components needed for green are stuck on these ships.
As gas prices approach $5, Americans have begun cutting back. One is EVs, which is obvious, but expensive. Others are walking, biking, and using public transportation. Yet another hearkens back to the COVID-19 pandemic. People are working from home.
JP Morgan says gas prices are causing people to cut back on driving. Even this, prices threaten consumer spending. And consumer spending accounts for 70% of GDP. A drop in GDP points to a recession.
According to Case-Shiller, real estate prices in Tampa are down, while they are up nationwide. It is probably due to hurricanes and the high insurance rates they bring.
Robotaxis have run into the same problem as EVs. There are not enough charging stations. or electricity to feed them
According to the U.S. Drought Monitor, the nation’s drought levels are near a record. And drought has spread to Florida and Georgia, which is highly unusual. Fires are now burning in the Southeast, along with the huge fires that normally hit the Southwest.
SMRs, as they are known, can be built off-site and moved to the places where reactors are needed. Larger reactors take years to build and to pass regulatory review. With AI data center needs, that’s a problem.
Last year, wildfires consumed 15 million acres in Canada. It is not just a local problem. Dangerous smoke spread as far east as New York City
There is a proposal to build a dam from Russia to Alaska. It would keep fresh water out of the ocean. Freshwater is significantly altering the Atlantic currents. There may not be enough time or money
The Washington Post reports that a new company may be able to produce enough rain to eliminate drought in some parts of the West. That means fewer wildfires and more agriculture.
Reuters has noted that Chinese EVs are available for $12,000. In the US, the median EV price is $60,000. This situation is similar to when the Japanese hit the US market with inexpensive cars in the 1970s.
Gas Buddy reported that gas prices rose in 39 states last week. The national average for a gallon of regular is $4.04. The research firm said that, based on oil prices, gas will continue to rise
At a quickening pace, China is shutting down its truck industry to lower fossil fuel emissions. It isn’t quite clear what will take its place.
A study done in Asia showed that higher gas price drove less driving, particularly of trucks. That lowered air pollution.