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

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

#141
post #52

Earlier quoted context omitted.

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.

>A massive economy, industry and war machine are still here

Those things are exactly what destroyed the nation. The military industrial complex and the billionaires who removed the teeth from institutions that used to prevent the accumulation of power (see also: antitrust litigation against Standard Oil). Those entities are now in complete control and democracy is nothing but a sham, a clown show between two faces of the same coin.

The US as a country didn't fail with Trump. It failed when Microsoft got away scot-free. This was the biggest sign that the country was no longer a serious entity, because a serious entity would try to preserve its own power, while the United States of Burgers is something to be sold to the highest bidder.

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

#142
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…

We don't know some important specifics about the deal but (IMHO) that's on purpose and is telling, meaning you only end up obscure deal details because you have something to hide.

So I don't know what stage the project was at but by withdrawing from the deal or cancelling it, the government is going to have to pay a penalty. Is that penalty $10 million? Is it $500 million? We don't really know.

So it could be that TotalEnergies is still getting paid $1 billion but now they have to spend $600 million on some fossil fuel project. But in doing so the government has essentially paid a $400 million break penalty. You see what I mean?

I don't believe for a second that the government didn't lose money on this political cancellation. The fossil fuel project is just a way to hide that and save face (IMHO).

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

#143
post #53

The guy is unhinged, hellbent on denial, just to appease his base, who are going bankrupt because of his policies. Would he pay Sun as well to stop shining over the US?

The overrated and very annoying "sun", the so-called "star" that our planet goes around has been going unquestioned for too long! Many people have been asking for a long time, perhaps even before Obama, to remove the sun from the sky and replace it with our beautiful clean coal towers!

http://bastiat.org/en/petition.html

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

#144

Earlier quoted context omitted.

IIRC those were solar hot water heaters. More of a curiosity than something legitimately powering the white house.

The symbolism, and the stupidity, was there though. As time has gone on it has been more clear every year how intelligent Carter's administration was and how terrible the following administration was. Investing in/promoting solar was just one of many smart moves by Carter that were attacked purely to gain political points that only harmed us in the long run.

Carter: “This energy crisis shows us how vulnerable we are to foreign autocrats. We should work toward energy independence via renewable energy and waste reduction, to lead the world away from this risky and unsustainable fossil fuel market and secure ourselves a brighter future.”

America: throws a decades-long, ongoing tantrum

It’s fairly reductive… but still kinda true.

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

#146

I know this US government is fully-committed to fossil fuels and about as rabidly anti-renewables as can be, but I'm still shocked to see things like this. And I'm fully aware of Trump's Scotland experience and how that contributed or directly led to this, but, still, shocked. And then I'm also shocked because I know that at least half, if not a good bit more, of US citizens are in agreement with this strategy. Not s…

  > I know this US government is fully-committed to fossil fuels and about as rabidly anti-renewables as can be, 
Don't fall for the political narratives, they are designed to distract you while the theft is taking place. The sponsors of the circus are rabidly cynical and pro-selfish. They are spreading the narratives, not believing in them. There is certainly a few conservatives in power who hold that the earth is only 6000 years old, who see no other option than burning down the town as a way to escape confrontation with progress and emancipation. But this is mainly what kleptocracy looks like.

The narratives work though, that is the sad reality. News anchors and the public are stuck in a loop about "children being forced to change sex, woke, climate hoax, but her e-mails, but Biden, ...", anything but what is happening at the crime scene.

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

#147
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…

NY Times phrases it as a reimbursement to TotalEnergies for relinquishing wind leases that they paid for. The US made the reimbursement contingent on them investing in fossil fuel projects. "The deal is an extraordinary transfer of taxpayer dollars to a foreign company for the purposes of boosting the production of fossil fuels." Total waste of $1 Bil of taxpayer dollars. If the oil and gas industry want to shut down…

Why would they do that when they already paid for a corrupt new regime to do it for them?

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

#148
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…

They are taking money committed to a wind project and redirecting it towards burning fossil fuels - because what other lesson can we take from a global energy shock other than to increase our exposure to the next one? The company itself (France's Total) had already committed to the wind deal, so now the Trump admin is letting them off the hook, and using Trump's irrational refusal to issue licenses for wind power as…

Total is also committed to expanding LNG - Total [0] and Oil India [1] are collaborating on a $20 Billion LNG extraction megaproject in Mozambique which was paused due to an Islamist insurgency during which Total-and-Oil India-funded paramilitary allegedly committed massacres against civilians [2] while putting down an Islamic State insurgency in Cabo Delgado.

The US, France+India, and China have been competing over this project for decades.

These are businesses - no one cares about morals, only interests. And it is in France's interest to unlock these kinds of LNG projects.

[0] - https://www.reuters.com/business/energy/mozambique-says-tota...

[1] - https://www.reuters.com/business/energy/oil-india-sees-resta...

[2] - https://www.bbc.com/news/articles/c4gw119ynlxo

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

#149

The guy is unhinged, hellbent on denial, just to appease his base, who are going bankrupt because of his policies. Would he pay Sun as well to stop shining over the US?

> The guy is unhinged, hellbent on denial, just to appease his base, who are going bankrupt because of his policies. In the middle of a war he started over war. No less. If his base wanted cheap gas, they are not going to get it.

To me, this deal makes it pretty clear who holds actual sway

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

#150
post #53

The guy is unhinged, hellbent on denial, just to appease his base, who are going bankrupt because of his policies. Would he pay Sun as well to stop shining over the US?

The overrated and very annoying "sun", the so-called "star" that our planet goes around has been going unquestioned for too long! Many people have been asking for a long time, perhaps even before Obama, to remove the sun from the sky and replace it with our beautiful clean coal towers!

Relevant power metal song: https://www.youtube.com/watch?v=z769xf9ET5A
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