By News on the Net -- Net Zero Watch—— Bio and Archives--June 27, 2023
Global Warming-Energy-Environment | Comments | Back To Full Article
London, - Policymakers must get to grips with the implications of the crash in Siemens Energy’ share price. That’s the message from energy economist Professor Gordon Hughes.
Last week, Siemens Energy announced that its profits would suffer a large hit as the result of failures in many of the wind turbines built by its renewables division. Professor Hughes is now pointing out that this will inevitably mean that wind power is going to become more expensive still.
“Siemens Energy’s problems were in onshore wind turbines. Our expectation should be that offshore turbines will be even worse. It’s very unlikely we’ll see significant cost reductions.”
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By Goldbug on 2023 06 29
It seems the entire world has bought into the fallacy that oil, gas and coal are "fossil fuels,' inventions of the devil that only make the planet uninhabitable. Au contrare, these forms of energy are "abiotic," the Earth produces them; there is no such thing as "peak oil;" the supply is endless. They are God's gift to the world, because He knows that energy drives all progress. The world's leaders also know this. They keep us "dum-dums" in the dark so they can control us.
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