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US and TotalEnergies reach 'nearly $1B' deal to end offshore wind projects

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81–90 of 411 posts

Re: US and TotalEnergies reach 'nearly $1B' deal to end offshore wind projects

#81
post #65

Serious question, but not entirely related to the topic - how are “smart” people in the US preparing for the next 20-30 years? - Assume everything will be fine and America will remain a global economic superpower. - Plan an exit to a more serious, stable country. - Some option in the middle of the two to hedge your bets?

I live in iowa - all my electric comes from wind, and I drive an ev or bike. I'm not worried

Re: US and TotalEnergies reach 'nearly $1B' deal to end offshore wind projects

#82
post #52

Earlier quoted context omitted.

This is comfortable doomerism. But it isn’t accurate. Moreover, it’s dangerous since the numpties who tend to believe it then politically disengage.

None of the institutions function, or do the thing that we used to explain to children what they do. The whole thing demonstrably does not exist. You're welcome to describe my view with whatever pejorative you prefer.

> do the thing that we used to explain to children what they do. The whole thing demonstrably does not exist

Something misfunctioning doesn’t mean it doesn’t exist. A massive economy, industry and war machine are still here. Pretending that doesn’t exist because it doesn’t work the way we like is an expression of exasperation, not a description of reality.

Re: US and TotalEnergies reach 'nearly $1B' deal to end offshore wind projects

#83

This seems like a good thing considering the “TotalEnergies CEO Pouyanné said offshore wind was "not the most affordable way to produce electricity" in the US, which he identified as being natural gas-fired power plants.” Not sure why we’re building offshore wind plants when land based gas plants provide cheaper energy. We need to be reducing the cost of living for working people and not raising it. Our goal should b…

the dollar cost he's talking about does not include the large dollar cost the externalities burning gas creates

Re: US and TotalEnergies reach 'nearly $1B' deal to end offshore wind projects

#84

Earlier quoted context omitted.

Contrary to windmills, which slows down the rotation of the earth.

Doesn't that depend whether you point them east or west? Point them north and you'll increase Earth's axial tilt.

I think you just solved both leap seconds and daylight savings time.

Re: US and TotalEnergies reach 'nearly $1B' deal to end offshore wind projects

#85
post #65

Serious question, but not entirely related to the topic - how are “smart” people in the US preparing for the next 20-30 years? - Assume everything will be fine and America will remain a global economic superpower. - Plan an exit to a more serious, stable country. - Some option in the middle of the two to hedge your bets?

Please list the more serious and stable country if America collapses. I’ll wait. On a serious note; I’m looking at my billion dollar neighbors and they all just are citizens everywhere now. No allegiance to anything but their own pleasure.

Switzerland?

Re: US and TotalEnergies reach 'nearly $1B' deal to end offshore wind projects

#86

Earlier quoted context omitted.

They are also organic, all-natural, and fat-free! And renewable on geological timescales.

Contrary to windmills, which slows down the rotation of the earth.

Won't someone think of the ~children~ birds?!

Re: US and TotalEnergies reach 'nearly $1B' deal to end offshore wind projects

#87
post #6
post #2

Fortunately, fossil fuels are a stable and geopolitically risk-free source of energy.

The US (with Canada and Mexico) is self-sufficient with fossil fuel energy.

Ireland during the famine was self sufficient with food production but that didn't stop people from sending food to the highest bidders abroad.

Re: US and TotalEnergies reach 'nearly $1B' deal to end offshore wind projects

#88
post #71

HN title (currently reads "US govt pays TotalEnergies nearly $1B to stop US offshore wind projects") is editorialized and it's unclear to me whether it's accurate. The article says: > We're partnering with TotalEnergies to unleash nearly $1 billion that was tied up in a lease deposit that was directed towards the prior administration's subsidies What's the deal with this lease deposit and how does "freeing it up" equ…

[flagged]

Re: US and TotalEnergies reach 'nearly $1B' deal to end offshore wind projects

#89
post #71

HN title (currently reads "US govt pays TotalEnergies nearly $1B to stop US offshore wind projects") is editorialized and it's unclear to me whether it's accurate. The article says: > We're partnering with TotalEnergies to unleash nearly $1 billion that was tied up in a lease deposit that was directed towards the prior administration's subsidies What's the deal with this lease deposit and how does "freeing it up" equ…

Not sure how it relates to subsidies, but it is what you said. The government is cancelling wind shore projects leased to TotalEnergies under the Biden admin for ~$930 million.

The Trump admin is paying them back with the understanding that TotalEnergies will reinvest the money into oil and gas operations in the US

Re: US and TotalEnergies reach 'nearly $1B' deal to end offshore wind projects

#90
post #6
post #2

Fortunately, fossil fuels are a stable and geopolitically risk-free source of energy.

The US (with Canada and Mexico) is self-sufficient with fossil fuel energy.

It's awesome the US hasn't destabilized one of those neighbors and alienated the other one by declaring it the prospective 51st state. Soft power really is America's super power.
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