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

lemonde.fr

191–200 of 411 posts

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

#191
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 didn't look like that at the gas pump today.

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

#192

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'm always gobsmacked when Trump says things like, "We need to get rid of all the wind turbines! They are killing all the birds! Look at the foot of any tower and you'll see nothing but dead birds!" Is there a single person who things Trump gives a single damn about the birds? It is obviously just a pretext.

True Bird Lovers only care about bird fatalities from windmills. Oil spills, buildings, and cats don't register.

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

#194
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?

Smart people know that you can't predict or plan for anything on anywhere close to that time horizon. The only plan is be adaptable.

You can build contingencies and hedge bets. You can plan. You just can't predict what will happen so it's playing the odds.

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

#195

Earlier quoted context omitted.

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

Does the offshore wind energy costs include externalities of fabricating, assembling, shipping, installing, maintaining and decommissioning the turbines? Does it also include bird losses and whale harms?

Does the gas turbine include externalities of fabricating, assembling, shipping installing, maintaining, and decommissioning oil drilling rigs? And of shipping, storing, and burning the gas? And the climate change caused by gas leaks? And the harms to humans, the fishing industry, and bird losses and whale harms by oil spills (I know you really care about those)?

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

#196

Earlier quoted context omitted.

Isn't there Ansaldo Energia too?

Yes, but their production volume is limited (imho) compared to the two companies I mentioned. Good callout regardless. I'll have a post put together to share here enumerating and comparing. (i track global fossil generation production capacity as a component of tracking the overall rate of global energy transition to clean energy and electrification, but some of my resources are simply an excel spreadsheet)

Hah, that's super interesting. How are we looking? What under served areas are you seeing? Do you post anywhere your numbers?

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

#197

It’s not as big of a deal as it sounds. Theses wind farms have not even started construction yet. Once Don Quixote is out of office, some future administration undoubtedly will start wind farm construction.

I'm actually less concerned about the continued non-existence of a bunch of windmills, vs the billion-dollar payout to ensure that they continue to not exist.

I've spent my entire life not building any windmills and nobody's paid me a billion dollars for it yet.

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

#198
post #42

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…

People voted in repeatedly a visibly primitive person (plus quite a few other things but lets not go there now), then they get primitive behavior. An honest question - what the heck did you expect? Some sophisticated rational discussions instead of dumb ego tantrums?

I would have expected them not to vote a primitive person. And the most shocking part is people pretending he's got some sort of master plan or that the rest of us are just not seeing his genius. Absolute cinema, I swear.

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

#199
post #95

Earlier quoted context omitted.

Some good news though, with the war in Iran the spiking oil price means that Albertan executives can ramp up operations and stay quite profitable! Push the price to 200/barrel and we'll just strip mine the entire province after airlifting out Calgary and Edmonton.

This assumes that there isn't profound demand destruction caused by the stratospheric energy prices. Fossil fuels were already an inferior energy source when oil was $60/barrel. Electrification has been moving fast and accelerating , even at the pre-energy crisis prices. Now? Current events are likely to take fossil fuels out back and give 'em the Old Yeller treatment with surprising speed.

I absolutely agree, _in market driven economies_, fossil fuels are slowly pricing themselves out of relevancy. The issue is that for some reason the US specifically subsidizes their usage keeping them artificially lowly priced.

So, how many billions of newly printed debt is Trump willing to throw at the problem to keep those subsidies up so that he can be sheltered from the scary windmills?

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

#200
post #171

Earlier quoted context omitted.

"ideological subsidies" for this administration means any policy supporting non-thermal and non-battery (to a lesser extent, although their lobby has pretty successfully extracted them from previous renewable associations they relied on) generating units. To get more specific, you could say everything rolled back from the IRA as part of the BBB.

If it's just BBB they're referring to then I would call that a political talking point since that doesn't seem directly related to this deal. Unless the subsidies being repealed explains why TotalEnergies seems happy to get out of the lease now even though they presumably thought it was a good deal for them back when they originally agreed to it. If that's true though then I don't know why neither the article nor the…

Unclear to me what would satisfy this complaint.. You wish La Monde speculated more on some glaring omission of motive here? You're original point is that they seemed to speculate too much!
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