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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

#301

Post by dchinu »

ericfr11 wrote: post #232
while_true_ wrote: post #101

Earlier quoted context omitted.

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…

GOP capitalism at its worst: take public money and give it to private interests, without any thoughts of what makes sense.

Cough Cough Big Bank bailout..... this is corpocracy with two branding every few year interval.

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

#302

Post by hedora »

cwal37 wrote: post #98
Ajedi32 wrote: 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…

You could go to the source and see[1]. > TotalEnergies has committed to invest approximately $1 billion—the value of its renounced offshore wind leases—in oil and natural gas and LNG production in the United States. Following their new investment, the United States will reimburse the company dollar-for-dollar, up to the amount they paid in lease purchases for offshore wind. Under this innovative agreement driven by P…

So, to add insult to injury, this is going to a $1B railway expansion that won't carry passengers?

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

#303

Post by SV_BubbleTime »

IncreasePosts wrote: post #254
senordevnyc wrote: post #203

Earlier quoted context omitted.

Please list the more serious and stable country if America collapses. Uh, anywhere that hasn't collapsed?

Where wouldn't collapse if America collapsed?

Ah, too big to fail! Problem solved!

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

#304

Post by energy123 »

greeneggs wrote: post #189
Mashimo wrote: post #47

Earlier quoted context omitted.

But it gets traded globally. That means if the price goes up in Asia, it also goes up in NA.

It doesn't have to be traded globally. The US could ban oil and gas exports, and that would decouple local prices from the global market.

Imports into the US will experience inflation regardless. Semiconductor imports from East Asia are one example, since they depend on helium and energy from the Gulf.

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

#305

Post by ineedaj0b »

kilroy123 wrote: post #163
paxys wrote: 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 don't know if I qualify for "smart" but my plan has been to keep one foot in the US and one foot in Europe. I saw the writing on the wall long ago. I predicted all of this happening many years ago. I left the US back in 2015. Currently in the UK, and I hope to eventually get dual citizenship. My partner is European, so that is possible too.

I cannot believe you went to the UK. what? You’re smart and went.. I don’t think anyone on that island has made 1 good decision in 50 years.

Thatcher: bad Invasion of Iraq: bad Brexit: bad Human Challenge Trials: good Free Speech: bad Too many immigrants: bad Revolving cascade of PMs who can’t get anything done: bad

Listing out a few - I guess I appreciate the Covid stuff. Hmm. still on the whole, I would be in the green longterm shorting everything about the UK.

The most interesting cultural export is Bonnie Blue (sign of decline).

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

#306

Post by hedora »

paxys wrote: 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?

Mostly, we're looking at global warming maps and trying to figure out whether we're in a spot that'll be habitable in 30 years, assuming worst-case climate projections (which are more optimistic than current trajectories). There aren't that many good places to move.

Shorter term, we need to rotate investments out of USD.

There are two obvious problems with exiting to a more stable country: (1) we'd be putting ourselves on the business end of a large gun being held by a madman (2) when things really hit the fan, will it actually be more stable for American expats?

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

#307

Post by hedora »

micromacrofoot wrote: post #267
paxys wrote: 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?

there is an absurdly large rush of americans applying for canadian citizenship because canada recently allowed anyone with ancestry, multi-generations back, to qualify

I frequently see billboards in the SF Bay Area encouraging professionals to move to Canada.

My main concern is that it might not be far enough away.

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

#308

Post by hedora »

harmmonica wrote: post #40
tasty_freeze wrote: post #27

Earlier quoted context omitted.

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.

Never thought about it, but that's a great point and comparison. From quick Google search: 365 million and 988 million birds die every year from window collisions (that's US alone). Windmills/turbines: 140,000 and 679,000. Then if you do per windmill vs. per building obviously the windmills are going to "win," but it's the absolute that would seem to matter in this case. As you said, that has nothing to do with the a…

Per-windmill bird fatalities are much, much lower for new windmills. They made some cosmetic changes that scare the birds off.

Also, it turns out that bird flight patterns are very stable from year to year, so they study flight patterns, and place the windmills out of the way.

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

#309

Post by dashundchen »

dchinu wrote: post #301
ericfr11 wrote: post #232

Earlier quoted context omitted.

GOP capitalism at its worst: take public money and give it to private interests, without any thoughts of what makes sense.

Cough Cough Big Bank bailout..... this is corpocracy with two branding every few year interval.

You should probably look up when the TARP bailiut program was passed and initiated, because it wasn't when Obama was president. The Great Financial Crisis brewed and exploded under Bush.

Obama pushed for the 2010 Dodd Frank reforms to rein in big banks after that.

Corporate bailouts, huge deficit spending, mega tax cuts for the mega rich, and bottomless pit defense spending have been Republican policy for the last 50 years.

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

#310

Post by hedora »

TheSpiceIsLife wrote: post #261
exceptione wrote: post #146

Earlier quoted context omitted.

> 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…

Don’t leave us hanging, what exactly is happening at the crime scene?

Read the news.

- Trump received $4B in bribes last year.

- Widespread arrests and murder / deportations of US citizens.

- Federal agents routinely kidnap pregnant child abuse victims so they can be transported to Texas where they're denied health care + forced to carry their assailant's child to term.

- Blowing up fishermen + using the footage in weird 80's movie montage propaganda films.

- Installing censors at most news organizations in the US.

And literally hundreds of comparably bad stories. They arrive at a rate of 2-3 per day, and have been for over a year.

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