ENERGY REALITIES EPISODE #96 – REGULATIONS AND PROTESTS

Highlights of the podcast:

01:53 – Net zero
04:03 – Big investor in Octopus Energy
05:19 – The World Economic Forum
07:16 – Carbon credits from cookstove emissions largely worthless
09:28 – The West needs to stay out of Africa’s natural resources
10:41 – EV sales have been getting started for about  years now
13:02 – EVs are could be a national security threat if they’re coming from China
13:40 – Ford is got the pattern
15:17 – Federal permitting applications for new LNG export facilities in the United States
19:17 – The EU recently approved new methane emissions rules for oil and gas imports
21:26 – Fox News exposes Biden regulators conspiracy with offshore wind developers
23:38 – Offshore auction last week
26:06 – Senate opens door for massive carbon tax despite critical economic concerns
28:57 – The carbon tax
32:06 – The EV market in the U.S.
34:18 – Toyota’s CEO said the market share of EVs will not exceed 30%
35:46 – Scope three emissions
38:33 – Brazil has ethanol in gasoline and 27% and, 14% of biodiesel in diesel
40:27 – The farmers protest
46:45 – Bias in the press in the United States and Europe

 

 

The Podcast Hosts for The Energy Transition

 

 

ENERGY REALITIES EPISODE #96 – REGULATIONS AND PROTESTS

 

Armando Cavanha [00:00:02] Energy Realities number 96. Regulations and protests. Good morning and good afternoon, colleagues and the audience.

David Blackmon [00:00:11] Good morning.

Tammy Nemeth [00:00:13] Hello, everyone.

Stuart Turley [00:00:14] Good morning.

Armando Cavanha [00:00:19] May I show a short video before we start?

David Blackmon [00:00:23] I love videos.

Stuart Turley [00:00:54] That looks like me driving. On the farm when I was 12

Armando Cavanha [00:01:19] That. That’s numbers.

David Blackmon [00:01:23] Oh, we got one of those convoys coming to Texas today.

Armando Cavanha [00:01:28] Yeah. Tammy would like to start with your headlights.

Tammy Nemeth [00:01:34] Sure.

Armando Cavanha [00:01:35] Excellent.

Tammy Nemeth [00:01:37] So last week there was this article in Euronews where basically a group of NGOs and academics and some other people, warned the EU Commission that if they allow companies to do net zero, meaning that an oil and gas company could invest in, carbon capture or, planting trees or whatever, that they shouldn’t allow net zero to be accounted in that way because they need to be setting absolute, targets for companies rather than net. And this is something I’ve been arguing about for, for some time that whether when they talk about net zero, they don’t really mean net zero. The the policymakers and the politicians actually mean absolute zero where you don’t have any emissions. And so, this is they’re trying to bring about, pressure because they’re supposed to be the EU is supposed to be finalizing different targets and whatnot by February or March before the, before the EU elections. So to me, that was just like, yeah, this is par for the course where they’re they what they really mean. They’re starting to say, and that is absolute zero emissions, not net. Not net zero.

Armando Cavanha [00:02:54] But it’s impossible to have absolute zero.

David Blackmon [00:02:57] Of course it is. It’s impossible to have net zero.

Tammy Nemeth [00:03:01] Yeah, yeah. I guess the way they want to account for the offsets. Is that okay? You can have an offsetting company and maybe we’ll have, a nature company that that you people can invest in and say, well, we’re conserving nature and we’ve got all of these, yeah, offsets there or whatever, but companies don’t get credit for that. Governments will get credit for it, or investors will get credit for it. So how that factors into all of the different nationally determined contributions? I don’t know. It’s it’s open. But yeah, I mean, zero emissions means you’re not doing anything. You’re just sitting in your house and you can’t even breathe or fart. so

David Blackmon [00:03:44] My question Tammy is how is al Gore going to make a living now?

Tammy Nemeth [00:03:49] Well, I know

David Blackmon [00:03:49] I mean, he’s become fabulously wealthy on these fraudulent, carbon credit trading schemes. So what are you going to do to maintain his standard of living?

Tammy Nemeth [00:04:02] He’s a big he’s a big investor in Octopus Energy, and they have software that they’re licensing out to. I think it’s 20 some countries right now. And and the software is called Kraken and it’s supposed to be monitoring it. And how can I word it. So so it monitors how the, the energy comes on to the grid. And if you have load control, so they have this software that they’re licensing out to various countries that will keep your grid supposedly stable. And that’s where they’re supposedly generating revenue. And he’s a heavy investor in that. So maybe, you know, he’s benefiting from this through other means, not just him going around on the speaking tour.

Stuart Turley [00:04:46] I still think he’s got a new show coming out. Tammy. He’s going to be looking for Sasquatch in the. Was it Mer? Bear man.

David Blackmon [00:04:55] Bear. Pig.

Stuart Turley [00:04:56] Bear man pig. Yeah.

Irina Slav [00:04:59] What’s.

David Blackmon [00:04:59] God bless South Park? It’s a it’s a cartoon program in the United States.

Irina Slav [00:05:04] No, I’ve heard about South Park.

David Blackmon [00:05:05] Yeah.

[00:05:05] The bear man.

David Blackmon [00:05:06] Well, about 20 years ago, they had some fantastic episodes lampooning al Gore. It’s just brilliant.

Tammy Nemeth [00:05:14] Yeah, it was funny.

Armando Cavanha [00:05:16] Tammy, second up.

Tammy Nemeth [00:05:17] Yeah. And so this was at the World Economic Forum last week or the week before where the, the, the fellow there was talking about how actually coffee’s a really good example of how we don’t realize how much, how much, how much emissions, we all contribute to. And his big beef with coffee growing is that it’s monoculture. So this is the next big thing, with the net zero, with the transition, with with redoing everything, including agriculture is they really hate the policymakers, really hate monoculture. So that means if you have a big field of one thing, they don’t like it. They want you to have that field divide it up into 3 or 4 different little segments, and you have different stuff on each segment, or you have it mixed. Now, how you harvest a mixed field, I don’t know, but you know his big. Right.

Irina Slav [00:06:12] What’s the problem with monocultures?

Tammy Nemeth [00:06:14] Because it destroys biodiversity in their opinion. So if you have just one, one crop, there’s only certain types of bugs and stuff. Go into the soil.

Irina Slav [00:06:26] See it, and you grow it at the same place year after year. No, I understand this. Yeah. Yeah.

Tammy Nemeth [00:06:31] Well, you. You might rotate, but they don’t care. What they care about is that that one year, it’s one crop. But for example, with coffee, you know, coffee bushes and whatnot. How are you going to stop that being monoculture when you can’t mix in cocoa beans with the with the coffee? I don’t know. How does that work? So that’s his complaint. And and of course, it’s just to make us all feel guilty for drinking coffee, for eating chocolate, for having anything good in life. You’re supposed to feel guilty.

Stuart Turley [00:07:03] Yeah. I don’t think it works very well.

Tammy Nemeth [00:07:06] Exactly.

Armando Cavanha [00:07:09] Great. Irina, please

Irina Slav [00:07:14] Great crop of headlines. Carbon credits from cookstove emissions largely worthless. Actually, this was the first time I heard about Cookstove credits, but apparently they’re a thing where companies can buy, credits. For for for places where, you know, old fashioned and highly emitting cookstoves are replaced with electric ones. Less emitting. If you remember, this is exactly what the European Union wanted to do in Africa. Remember, they wanted to buy African people electric stoves to reduce their carbon footprint and improve the quality of their, which is, at least legitimate. But, so apparently, companies like shell and Easyjet and Germany’s E.ON are among the biggest buyers of such credits. And this study, this study has discovered no doubts with great surprise that these credits and the trade with these credits does not lead to actual emission reductions.

David Blackmon [00:08:32] I’m shocked. The Financial Times.

Irina Slav [00:08:34] Yeah, I mentioned, Let me just quote something because it’s really brilliant. I’m quoting here, the academics review of about 40% of all the credits issued on the market estimate. This like to 10.2 times fewer avoided emissions than claimed. Because of overoptimism about how often clean cookstoves were used and the emissions saved by each one.

Tammy Nemeth [00:09:07] Yeah. I think it’s related to this comment.

Irina Slav [00:09:12] Exactly.

Tammy Nemeth [00:09:13] Right. You install the electric? No, no, but then you don’t have any power to run it,

David Blackmon [00:09:19] Yeah. Then you cut off all reliable forms of electricity so they can’t use the electric stove. Yeah, that reduces options here.

Stuart Turley [00:09:28] The West needs to stay out of Africa’s natural resources. Africa first. Let’s let them get low cost resources and energy. I’m sorry.

Irina Slav [00:09:41] Develop the road. Yeah. Yeah.

Tammy Nemeth [00:09:43] And it’ll be.

David Blackmon [00:09:43] How do you convince the French and the Spanish and the Portuguese in Europe to stop meddling in Africa?

Irina Slav [00:09:50] I well think the African nations are taking care of that themselves.

David Blackmon [00:09:54] Well, I hope so.

Irina Slav [00:09:56] Yeah. Judging from what’s happening in former French colonies.

Stuart Turley [00:09:59] This is Lindsey Graham. He. Bama.

David Blackmon [00:10:02]  of course he would. Yes.

Irina Slav [00:10:04] That that that guy is very bomb happy.

David Blackmon [00:10:08] He is, he is. He’s he’s the classic little man syndrome.

Stuart Turley [00:10:13] Yeah. He was going to bomb Iran. That man needs to.

Irina Slav [00:10:16] Yeah, I just saw that. Oh my God. Somebody suggested he should be sent to the frontlines. It’s a great idea. Another favorite was, just getting stuff. I don’t love it.

Stuart Turley [00:10:31] It’s a great one.

Irina Slav [00:10:34] No. The date itself. This is from January 30th this year. Honestly, I think EV sales have been getting started for about five years now. And every year we hear this refrain the eve of revolution is just starting. It’s just taking off. And indeed, last year, EV sales in many key markets, most key markets excluding China, let’s leave China aside, were very much higher. But. Grove then began to slow down. And this. This article is sort of an apology, you know. Yeah. They may be slowing down, sales, but they’re still growing.

Stuart Turley [00:11:19] Yeah.

Irina Slav [00:11:20] I don’t know. And I set aside single figures and, stuff. And again, a favorite quote. But note a decline in the rate of sales growth is not a decline in actual sales. Well, yeah. Okay. It’s not. But you are predicting booming increases in these sales, not a slowdown in the growth of sales after, I don’t know, one year after the end of easy models to choose from and really give this revolution the opportunity to take all.

David Blackmon [00:11:55] I would just point out, you could have read that exact same headline in the New York Times in 1905.

Armando Cavanha [00:12:05] 1905

David Blackmon [00:12:06] Seriously. I’m not kidding.

Stuart Turley [00:12:08] They did have EVs back then.

David Blackmon [00:12:11] Yes they did. In the market in the late 1880s. And they still haven’t perfected the technology.

Tammy Nemeth [00:12:18] It’s there’s actually one on display at the Eisenhower Library, and it’s the one that he used to drive around in. And the battery is so enormous. It’s hilarious.

David Blackmon [00:12:28] It picks up the whole back end of the car. I’ve seen that car.

Tammy Nemeth [00:12:32] Yeah.

Armando Cavanha [00:12:33] Tammy if you see some comments that they want to share with us, please feel free. Oh.

Stuart Turley [00:12:39] Oh, yes. Patrick, they’re on. Right.

David Blackmon [00:12:43] I mean, half over half the Ford dealerships, for example, refused to even try to sell. Sorry. Sorry, Stu. Go ahead.

Stuart Turley [00:12:50] Oh, no. That’s exactly what I was going to say, because I still in your material.

Tammy Nemeth [00:12:57] Well, that’s okay, because apparently in the UK, there’s now concerns that, EVs are could be a national security threat if they’re coming from China because the the EVs are so connected to this and that, and they don’t know where that data is going. And it could be a security threat because the cameras are monitoring everything around the car and so on and so forth.

David Blackmon [00:13:19] So this assumes that means Chinese EVs are the automotive version of TikTok. Okay. We don’t know.

Tammy Nemeth [00:13:26] Yeah.

David Blackmon [00:13:27] We’re all here.

Irina Slav [00:13:29] Yeah. That’s the problem with insurance in the UK I.

Tammy Nemeth [00:13:33] Oh yeah.

Stuart Turley [00:13:33] And Tammy did you

Tammy Nemeth [00:13:34]  it’s crazy.

Stuart Turley [00:13:35] Tammy did you see this story? I covered this on my podcast this week. Ford is got the pattern that they’re getting the car. So if you miss a payment, it drives itself to the repo dealer. Yeah. You’re never going to have this guy show up wearing his pants around his knees and smoking a cigaret. Stealing your car to go back to the repo. Now, here’s the next one. If you have a bad social score, I hear that they’re going to have it. Drive straight to the police department. You get no TikTok. You get, you know, Twitter and you go straight. They’re going to haul you to the jail.  sorry.

David Blackmon [00:14:17] But we shouldn’t laugh about that because that’s exactly where this is all heading, folks.

Stuart Turley [00:14:21] Patrick, you’re on a roll, baby, I love you.

David Blackmon [00:14:27] Oh, yes. Absolutely. Patrick. The U.S. will have those big graveyards, no doubt. No question about.

Tammy Nemeth [00:14:33] And no one.

David Blackmon [00:14:34] can resell EVs yeah. They

Irina Slav [00:14:36] That’s right.

David Blackmon [00:14:37] It is terrible.

Stuart Turley [00:14:38] I’ll tell you. Yeah. Coffee? I love Patrick.

Tammy Nemeth [00:14:42] Yeah, because he’s even going, And you’re funny Stu, make you his type. I think he means Stu.

Stuart Turley [00:14:50] Yeah.

Armando Cavanha [00:14:51] Great. Okay. David, please your first one.

David Blackmon [00:14:56] Oh, I just love that headline. Nakedly political. Who wrote? Oh, I wrote that. So, yeah, everyone, I think, is aware by now that the white House last, Thursday announced it was it was going to for no good reason whatsoever. Hold up, permitting on, permitting applications, federal permitting applications for new LNG export facilities in the United States. That is, of course, just a, an election year move by an administration that is remains desperate. It has been desperate for three years and remains desperate to appease its left wing, climate alarmist funders that fund such a high percentage of democratic political campaigns in this country. Now they’ve essentially replaced the trial lawyers as the biggest funders of Democratic Party campaigns. Between the the environmental groups and the billionaires like George Soros. There’s no reason to do this. It’s it’s a stupid move. The the germinating point that they’re using is justification is a study that was I think arena wrote about this this morning, actually. Robert Horwath, who is a professor at Cornell University, put out a study, the latest in a long line of anti natural gas studies that are easily debunked. And he’s been putting out for 20 years. He’s a joke. He’s not a scientist. And of course the announcement of the study was conducted by Bill McKibben. The, famous environmentalist whose college education is a degree in communications. Okay. No scientific background whatsoever. But the administration latches onto this study just as it latched on to a study by the Rocky Mountain Institute, which also makes a habit of putting out easily debunked studies targeting natural gas for its move against gas those early in 2023. So this is the anti-science administration that makes these policy moves based on jokes and studies that are absolute, jokes that no one respects and no one believes, but that that’s the state we’re in in the United States. The good news is that we already have projects underway that already have all their federal permits that are in the process of being built, that will add 12 bcs per day. LNG export capacity by the end of 2027, which will enable the United States. LNG industry to live up to its commitments to countries that are supposed to be our allies in Europe and Asia and other parts of the world. So Biden administration is gonna, you know, turn its back on with this policy. So after 2027, this policy is inevitably going to create a slowdown in expansion of U.S. LNG. And that’s going to disadvantage, a lot of countries in Europe that are supposed to be our allies. And that’s why this administration’s ham handed diplomacy and foreign policy have set the whole world on fire, because they make decisions that that shouldn’t be involved in politics at all on purely political calculations. And that’s my rant for today.

Tammy Nemeth [00:18:24] I like this bit in the statement. We will not see to special interests.

Irina Slav [00:18:32] They invited an influencer to the white House to discuss LNG. Do you think that.

Tammy Nemeth [00:18:38]  To special. Interests

Armando Cavanha [00:18:41] Maybe we have shortage in Europe.

David Blackmon [00:18:44] They what?

Armando Cavanha [00:18:46] Maybe we have shortage of LNG in Europe.

Irina Slav [00:18:48] Maybe.

David Blackmon [00:18:49] Well they could. Yeah, absolutely. I mean.

Irina Slav [00:18:51] Germany manages.

David Blackmon [00:18:53] U.S., LNG and other countries are absolutely reliant on US LNG.

Armando Cavanha [00:18:58] Exactly.

David Blackmon [00:18:59] To power their economies.

Stuart Turley [00:19:00] And Russia cut out all the other ones there.

David Blackmon [00:19:04] So that’s.

Stuart Turley [00:19:05] A win.

David Blackmon [00:19:07] Yeah. Algeria.

Tammy Nemeth [00:19:09] Well, Irina, what do you think the EU thought of this? Do you think they were supportive?

Irina Slav [00:19:17] Well, the EU, you know, recently approved new methane emissions rules for oil and gas imports. So this was the same page as the Biden administration. In terms of priorities, you know, priority number one, cut methane emissions will worry about a sufficiency of supplies later. So I don’t know. They’re probably worried right now, but not so much because, you know, gas consumption is down in the EU because of prices. Yeah. And it probably won’t, you know, rise anytime soon if things keep going this way, but we’ll see.

David Blackmon [00:20:04] Yeah. It was, you know, part of the reason the emissions are down is because the industrial base.

Irina Slav [00:20:09] exactly because prices are prohibitively expensive. High.

Tammy Nemeth [00:20:16] I was wondering if the EU was maybe saying, please help us. We need to phase out. And if you keep saying you’re going to be supplying us, how are we going to do this transition? So save us from ourselves.

Stuart Turley [00:20:29] Wow, Tammy, way to go. I bet you.

David Blackmon [00:20:34] That’s good.

Tammy Nemeth [00:20:37] Here’s another comment from Patrick

Stuart Turley [00:20:42] Yeah.

Irina Slav [00:20:43] Yeah.

David Blackmon [00:20:44] Yeah.

Stuart Turley [00:20:44] It will.

David Blackmon [00:20:45] Well, you know, that could happen. That could happen. BRICs is already much, much bigger, much more influential now than the G7. So you know, no, I mean, I would anticipate many more countries applying for membership in BRICs in the years to come.

Irina Slav [00:20:58] But by the way, did you see this headline in the Wall Street Journal today? I think that the European Union is wondering why the US is pursuing a protectionist economic policy. Really, really.

David Blackmon [00:21:17] Oh my goodness.

Irina Slav [00:21:18] This is the intellectual level at which, you know, European policy is being made.

David Blackmon [00:21:24] It’s like the third grade class. Megan Lapp Fox news exposes Biden regulators conspiracy with offshore wind developers. Yeah, I wrote that headline, too. It’s absolutely true. Megan has been a guest on my podcast a couple of times. She’s contributed several pieces to my Substack. She’s brilliant. She’s a spokesperson for the. Commercial fishing industry in the northeast and has done yeoman’s work opposing the development of these big offshore wind projects. And, and she helped expose the fact, a couple of weeks ago that, the Biden administration has cooperated with the big wind developers to essentially relieve them of any the burden of having to post, financial surety that they’ll be able to, decommission their enormous industrial offshore projects when their useful life expires. And so what’s going to end up happening? I mean, you can see this well in advance. Okay. The big initial developers like Orsted and BP and Ecuador, you know, I’m not trying to bash here, but what’s going to happen is they’re going to get about halfway through the useful life of those projects, and they’re going to sell them to smaller operators, and those smaller operators are going to end up going out of business about the same time the useful life of those projects expire, and we’re going to end up with hundreds of thousands of tons of steel and fiberglass generating zero electricity, sitting out there and rotting in the Atlantic Ocean. And no one is going to disassemble that stuff and take it down and properly dispose of it, because no one’s financially liable for anything. And that’s how they’re setting this up, folks. You’re all suckers if you support any of this. You’re a pure sucker. And that’s my second rank. Rant for today.

Irina Slav [00:23:25] were they. Appropriate.

Armando Cavanha [00:23:29] David, we have another one.

David Blackmon [00:23:30] Oh, I. I’m sorry. Yeah, I’ll make this quick. So, you know, we had another, offshore auction last week, and the same developers, BP, Equinor and Orsted bought new projects and bid for new contracts because what they had done was cancel their own contract projects because the contracts they negotiated with utilities and states, for the price they had, they would be obligated to supply electricity under. We’re inadequate. Why? Because we’ve had inflation caused by the Biden administration, and it’s their funding policies of all this energy transition crap. And it’s dramatically increased the cost of developing these wind farm. So, so, you know, these developers, they they looked around, they said, oh, you know what? These projects aren’t economic anymore. We’re going to cancel them unless New York and New Jersey and all utility companies, you let us renegotiate the prices on the supply, contract prices. Right? Well, the state said, no, we’re not gonna let you do that. We have a deal. Okay, well, we’ll cancel the project, and then the next auction comes around. They’re bidding on new projects, and they’re going to renegotiate the deals at a higher rate. And who’s going to end up bearing the cost of all this? The ratepayers. And that’s a regressive tax that impacts the poorest among us. The hardest. Okay. Again, if you support any of this offshore wind mindset, you’re a pure sucker.

Tammy Nemeth [00:25:09] Here’s a comment from LinkedIn user. No name.

David Blackmon [00:25:13] Think the new chant the RNC needs for decision 2024 is burn baby, burn baby. Our next president needs to reign in DoE and EPA on a ridiculous natural gas appliance bans and carbon dioxide taxation. Incentivize not vilify American power grid operators, businesses and communities east of the Mississippi R to build and expand natural, I think, natural gas transmission and local distribution systems. But liquefaction is very energy intensive. Yes, it is

Stuart Turley [00:25:43] Great. Great comment from LinkedIn user. But that’s not me as it normally. I’m sitting here so I ain’t me. But that was a great comment.

Armando Cavanha [00:25:54] Yeah,.

David Blackmon [00:25:55] Okay.

Armando Cavanha [00:25:56] Okay. Stuart, please your.

Stuart Turley [00:25:58] You can’t buy this kind of entertainment this morning. And, you know, David, and this goes right along with Tammy. Senate opens door for massive carbon tax despite critical economic concerns. This is my opinion, especially with this, article and Tammy’s great, comments. And that is, I believe that, the wealth transfer from the rich, or from anybody to the rich, from the poor to the rich, from middle class, they’re getting rid of it through the, EVs, through the wind, through the solar and carbon tax is actually a way to migrate that continue the wealth transfer to the, lurches. I mean, the, whatever his name is, and. Yeah. And, Carrie. Thank you. And and so the Carrie, you know, all the rich are getting richer off of the renewables. That’s all this is, is a way to kick it down the road, transfer wealth. And let’s go into the little bit of this right here. The Senate Environment and Public Works voted to send the proposal to the full Senate. These include construction material, plastics and fertilizer. The the numbers. Listen to these numbers. On average, the carbon tax covers 38% of the, emissions as a high as 81% in Liechtenstein and $131 to a low of $2 in Spain at, rate of 16%. Where this is also going to impact as the oil and gas operators in the U.S., so that it’s going to add to the, drilling cost. It’s going to cost, all of that, stuff. And they’re going to tack in the third, scope three emissions in this. And they actually don’t have the ability to track scope three or scope three estimates.

Tammy Nemeth [00:28:20] It’s all estimate based.

Stuart Turley [00:28:21] Yes, in scope three is not what you go to your bathroom and drink scope in the morning for mouthwash. So sorry. Okay.

Tammy Nemeth [00:28:31] So can I just add something there. Like Canada’s had a carbon tax now for a couple of years. And it’s one of the main drivers of inflation because that that money goes through everything. It goes through everything. And you know, Justin Trudeau has been trying to blame grocery stores or oil companies or all these other things for inflation, when in fact a big chunk of it. Is it just his monetary policy as well? It’s the carbon tax because it filters through everything, makes everything more expensive. And, you know, maybe the United States, even though it is in alignment with what, Canada is doing, was getting pressure because how can we compete in the American market when we have this carbon tax on everything.

Stuart Turley [00:29:15] In in a fund, guys, isn’t it a fund? They can then push the money around to again, increase their social programs and their socialistic, agenda so that it is a tax to try to help chip in to the $34 trillion that they’re, increasing at an unbelievable rate. So I think it’s a way for them to increase revenues and decrease the actual business of the the.

Tammy Nemeth [00:29:44] Yeah, they redistribute the money. Right. So they tax everybody, on multiple and they put a tax on top of the tax. So we have a, a sales tax called the Goods and Services tax. And they tax the carbon tax with that goods and services. plus

Tammy Nemeth [00:30:03] Tax. They tax the tax. Yeah. And and so it is like doubling their money. And it’s really crazy. But then they take it and then they spend it on transition subsidies and whatnot. And they give some money back to poor people. So people feel like, oh my gosh, okay, this isn’t so bad. I’m getting a check from the government. But the reality is most people, like a large proportion, are worse off because they were trying to say, we’re doing this and you’ll be better off. How are you better off when everything’s more expensive.

Stuart Turley [00:30:37] In the U.S.? We’re giving them to illegal, migrants. That is funded by the U.N. And we pay the UN, and then we give them free health care. And I’m paying through the our, nose.

Tammy Nemeth [00:30:57] So my cap says they blame climate change as well.

Irina Slav [00:31:00] I’m sure they do. For climate change. They wouldn’t need to have a carbon tax would they.

David Blackmon [00:31:06] Right.

Irina Slav [00:31:06] But the EU is planning to do the same thing. Impose a carbon tax on the so-called most polluting industries. Let that filter through to everybody. And then don’t worry, we’ll take care of the most vulnerable. Will you?

Tammy Nemeth [00:31:21] Yeah, exactly.

Stuart Turley [00:31:22] Travis.

David Blackmon [00:31:23] Only two enough extent to convince them to vote for the status quo in the next election.

Irina Slav [00:31:29] Well, I Don’t know if they could, because that’s the will will remain poor, even with that so-called help.

Tammy Nemeth [00:31:36] Yeah, exactly. Yeah.

Armando Cavanha [00:31:38] The link, the users. Travis.

David Blackmon [00:31:41] Travis. Lynn. Hey, Travis. Welcome.

Armando Cavanha [00:31:43] Thank you.

David Blackmon [00:31:44] I don’t know why it’s not identifying you. It’s weird.

Armando Cavanha [00:31:47] Yeah.

Stuart Turley [00:31:48] Okay.

Armando Cavanha [00:31:49] Stuart, your second.

Stuart Turley [00:31:51] This goes along. I love, I always love Irina’s articles on the EVs. And I also, Tammy, you had some great ones. When you, you know, the the whole thing in the EV market in the U.S. is fubar. Do we know what fubar is?

David Blackmon [00:32:13] We do, but we can’t spell it out.

Tammy Nemeth [00:32:15] You can’t say it.

Stuart Turley [00:32:17] You know, they can’t spell ev. And and so you have him supporting the unions. The unions support him. But yet the policies that they implement are killing the EV market. So you can’t buy this kind of entertainment. Let me read this quote. If enacted, this resolution would harm my administration’s efforts to encourage investment in critical industries and bring high quality jobs back to the US, Biden said in a statement Wednesday. I think I’m going to translate to what he actually said, oh, my combo pork. That’s that’s Biden and Wookie. I think he starred in Star Wars. And so the they are actually thinking that they’re doing good. But when you look at, David said, that the half the Ford dealers are failing, Ford canceled all these union great union jobs, and it’s because of the policies.

Irina Slav [00:33:23] Yeah.

David Blackmon [00:33:24] Yes, the policies are driving all of this.

Irina Slav [00:33:29] Yeah. Basically they’re trying to to produce the necessary EV chargers, all the necessary EV chargers for Biden’s program locally. But it’s impossible because there are not enough components and raw materials.

Armando Cavanha [00:33:41] Right. Sure.

Irina Slav [00:33:42] So there’s actually import from China. So you have to choose either import from China and not be fully self-sufficient on the manufacturing. or, you know, slow down the transition. And it seems that they will do anything to not slow down the transition. Which tells me they’re really, really afraid, both in the US and in the European Union, that they’re going to be out of power soon.

David Blackmon [00:34:07] Yes.

Stuart Turley [00:34:08] Mike Capps and Patrick, great comments. I used to work with like a bazillion years ago.

Armando Cavanha [00:34:17] Let me share with you, because Toyota’s CEO said the market share of EVs will not exceed 30%. I don’t know how this guy can save 30 of all vehicles. Is it a bad?

Stuart Turley [00:34:33] Yes,

David Blackmon [00:34:36] I think he. He just thinks they’re going to hit a wall on on the ability to expand the market at that point that it’s. Yeah. Because of you know, you got all these limitations on raw materials and manufacturing capacity and frankly market mining. Yeah. And mining and. Yeah. Yeah.

Armando Cavanha [00:34:53] Especially mining. Yeah. Because of the special material that they need to to make cars. EV cars

David Blackmon [00:35:00] That’s that’s from the chairman of a, of an automaker that’s made a huge commitment to the EV development. Right? Toyota is one of the leaders. Okay. That’s that’s what he thinks. I mean, imagine what what the executives at Ford and GM really think, okay, despite what they say in public, what are they really thinking? You know, I mean, at Ford, they’ve just got to be apoplectic about what’s happening.

Armando Cavanha [00:35:27] Yeah. Living.

Stuart Turley [00:35:30] Wow. David. Good one.

David Blackmon [00:35:33] Apoplectic. Apoplectic.

Tammy Nemeth [00:35:33] So I’m guessing this is Travis Lynn.

David Blackmon [00:35:38] Let’s go for. I can explain that you want me to. I mean, are you a Tammy? You can probably do a better job of explaining

Irina Slav [00:35:46] what scope three emissions.

David Blackmon [00:35:47] Yeah. So, you have,.

Tammy Nemeth [00:35:48] Three.

David Blackmon [00:35:49] Yeah. scope, scope one emissions or the emissions from your company’s own operations scope two emissions. Or for the emissions from the contractors that you use, you have to try to.

Stuart Turley [00:36:02] Manufacture.

David Blackmon [00:36:03] Leash you’re contractors and people that manufacture your raw materials. Scope three emissions or the emissions created by the users of what you produce. Okay, so if you’re the whole company, you gotta figure out how to track the emissions of hundreds of billions, billions, not not just hundreds of millions, billions of drivers who put petrol in their car and drive their cars. That’s what. Scope three emissions amount. Okay. And there’s not a company on the face of the earth that can accurately police scope three emissions. And Exxon Mobil, to its credit, is a company that says, screw you. We can’t do this. You know, we can’t do this, and we’re not going to try and pretend to do this. And, and other companies and I won’t mention my name. No, along with, with the regulators, stupidly, which only gives the regulators more power and only encourages them to continue cracking down. And so God bless companies like Exxon Mobil who refuse to engage in the pretense of scope three emissions.

Tammy Nemeth [00:37:17] If I could just add a little bit on to the scope three emissions, there’s 15 different categories. And biggest one, of course, is people using the product. But it’s everything up and down the supply chain. So you need to calculate the emissions embedded in the wiring that you’re using in the packaging that you’re using in the distribution of the of the oil to the service station, the emissions at the service station that is selling the oil and so on and so forth. So.

Armando Cavanha [00:37:49] Control.

Tammy Nemeth [00:37:50] Control. It’s crazy. And if I could just clarify, scope two actually applies to the energy, the emissions embedded in the energy that you’re getting from the grid. That’s that’s actually.

David Blackmon [00:38:03] Right. Yes. That’s right. Yeah.

Tammy Nemeth [00:38:07] And so Travis response is total insanity.

Irina Slav [00:38:11]  nailed it.

Tammy Nemeth [00:38:13] Yes. Nailed it.

Stuart Turley [00:38:14] Biden that would describe that is Bootsy Boogaloo.

David Blackmon [00:38:19] Oh no no no no no.

Armando Cavanha [00:38:21] Yeah. And my my second and last one is.

Irina Slav [00:38:23] Hey.

Armando Cavanha [00:38:24] Yeah.

Irina Slav [00:38:25] The Ugliest.

Armando Cavanha [00:38:25] Brazil. These are growing very fast from 1 to 700. And, but the point is, Brazil has ethanol in gasoline and 27% and, 14% of biodiesel in diesel. So, I’m not sure that’s viable Evs in Brazil and the structure, the infrastructure that’s, that’s needed is to, to extent it’s so big that, we do not have money enough to invest in the EVs chargers extent.

Irina Slav [00:38:56] Yeah, but 700% increase sounds

Armando Cavanha [00:39:01] from what? Yeah.

Tammy Nemeth [00:39:01] What is that exactly. From what I they have 35. I mean.

David Blackmon [00:39:05] Read the fine print at the bottom of that. It says they’re breaking all expectations and closing in on wait for it. 3% market share. Organic growth gets them to 3% market share.

Armando Cavanha [00:39:22] Nothing.

Stuart Turley [00:39:23] And Iri, I can’t remember if it was Irina. Not necessarily carbon dioxide. There’s several different methane that is in there. If I understood that correctly, and I think it was.

David Blackmon [00:39:36] Greenhouse gas emissions overall.

Tammy Nemeth [00:39:38] Greenhouse gas. Yeah.

David Blackmon [00:39:40] my quote. it’s gas emissions.

Stuart Turley [00:39:43] Sorry.

Tammy Nemeth [00:39:43] CO2 is number one, but eventually they’ll roll in everything else.

David Blackmon [00:39:48] What about water diaper, which is the number one greenhouse gas supposedly.

Tammy Nemeth [00:39:52] Oh don’t.

David Blackmon [00:39:52] Work drink.

Tammy Nemeth [00:39:53] And to go there.

Irina Slav [00:39:54] They’ll have to rename it to exclude the word water.

Tammy Nemeth [00:39:58] Water. Water has a pause a day.

Irina Slav [00:40:00] Anyone buys it?

Stuart Turley [00:40:02] Wow.  I thought you said.

Tammy Nemeth [00:40:06] About making or something like that. I don’t know,

Armando Cavanha [00:40:08]  Back back back into our topic. Do you see that this protest that, we are having the world are based on the restrictive regulation or other issues, other cause how do you see this protests.

Irina Slav [00:40:22] I think the, direct reaction, at least the protests in, in Europe right now, the farmers protest, direct reaction to energy policies.

Tammy Nemeth [00:40:32] Yeah.

David Blackmon [00:40:33] Which is why is it not being covered in the American press?

Irina Slav [00:40:36] Not at all. Not just the American coverage is really, really scarce. Yeah.

Tammy Nemeth [00:40:42] It’s very niche. You have to be looking for or tracking certain sites.

Irina Slav [00:40:46] Ridiculous. It’s ridiculous because it’s all over Twitter. There are people in Germany who are sending, you know, footage from these protests.

David Blackmon [00:40:56] Yeah

Irina Slav [00:40:58] It’s it’s yeah. It’s idiotic.

Tammy Nemeth [00:41:00] Well, the French farmers are blocking Paris today or something for the next five days.

Irina Slav [00:41:06] Good. Yes. That’s that’s I think that’s the most impressive aspect of it. It’s spread like, if you’ll excuse me, wildfire. It’s like, people were waiting for the last drop. And the last drop came with the German government’s decision to eliminate, subsidies for diesel for farmers, and they decided that had enough. And they are really Alsace. I mean, the French farmers who were spraying Macron’s house with manure. It was just great. Now it’s the same act of vandalism as the extinction. It is spraying paint on, on, you know, buildings on.

David Blackmon [00:41:53] The Mona Lisa.

Irina Slav [00:41:54] But this is just. Yeah. The last one sold on the Mona Lisa, on the glass covering the Mona Lisa. Which makes it you stupid. But I do feel that the farmers have a lot more justification than the climate alarmists to to do what they’re doing, besides manure washes of. You know.

Stuart Turley [00:42:15] Whatever I want. I want to have whatever, pet.

Irina Slav [00:42:18] Yes, exactly. It’s wedding and I can’t wait for this to reach Bulgaria. Hopefully it will, though I’m not so sure it will. But the fact is that I think these are the protests that we were predicting at the end of 2022. We just kind of. We were eager for them to happen sooner than they actually did, but they are happening. I mean, there are people who go out to the streets to support the farmers. And then there were these lame counter-protests organized by agencies close to the government. Pro-government protests?  I mean really. Oh, well, we have these in Bulgaria, too. A couple of years ago, because, of course, protest is how politics happens.

Davi Blackmon [00:43:08] Yes.

Irina Slav [00:43:08] But, yes, these these farmers are great, and I wish them all the best. A lot of patience.

David Blackmon [00:43:17] And we should give a shout out to the farmers of the Netherlands, where all this germinated in the first place.

Irina Slav [00:43:22] Yeah, yeah.

David Blackmon [00:43:23] In early 2023. Anyway. Go ahead.

Tammy Nemeth [00:43:25] Yeah, because they were like the canary in the coal mine, right where these environmental regulations had come along saying, you know, they set up these nature preserves right beside the farms and then said, you’re contaminating the nature reserve with your with your runoff when it rains and stuff. And the farmers were like, well, why did you put it there? And every time the Dutch government brought in new rules, the farmers met it. You know, they was efficient farmers in Europe. And now they’re saying, oh, sorry, you’re too efficient. This is bad. If we buy you out, you’re not allowed to farm anywhere else in the EU. So clearly it’s not about that particular contamination that that they’re being accused of. They just don’t like. It seems the bureaucrats don’t like that they farm efficiently. So we don’t want you spreading your type of farming elsewhere. Well, wait a second. They’ve been following all the rules. Why shouldn’t they be able to replicate that? And with France my understanding and correct me if I’m wrong, I don’t know, is I read that France was also getting rid of the, the diesel subsidy, in addition to the, the regulations. And I think this is part of the EU’s commitment at Cop 28 and the other cops that they would phase out the fossil fuel subsidies. All right. And this is the nations doing so. And I think the French response was, well, they said we they kind of like Germany. We’re going to take it all off now. We’re going to rip off the band aid. And then the farmers got mad and they said, okay, we’ll phase it out over three years instead. So and the farmers like, well, we don’t want you to get rid of it. No, it’s already super hard to to do farming and this will double our costs and we’ll have nothing because we have to invest and all this other stuff you want us to do, we can’t use as much fertilizer, can’t use as much pesticide or weedkiller, which means our yields go down. We’re not getting paid as much. And now you want to increase our our electrical costs, our natural gas cost, and now our fuel cost. How can we produce food for you? And I think people don’t understand that that’s their food. That’s you know,

Irina Slav [00:45:36] I think we’re Starting to understand this this support for the farmers that I see is really very strong. And it tells me that at least some people, some people do realize this. But what you’re saying about all these constraints piling up on the farmers, at the same time, the politicians are telling us we should eat less, especially meat.

Tammy Nemeth [00:45:58] Yeah.

Irina Slav [00:45:58] So it’s a two pronged attack in a way.

David Blackmon [00:46:03] God bless.

Tammy Nemeth [00:46:05] You. Yeah. You can’t grow as much grain or these other things that they want us to eat. Yeah.

Irina Slav [00:46:09] You have to eat less and pay more for it.

Tammy Nemeth [00:46:12] And pay more.

Irina Slav [00:46:13] Politicians get their way.

Stuart Turley [00:46:16] If anybody’s shoveled enough cow crap, they smell money. I drive by a cow truck on the highway and go. That’s a lot of money driving mine.

Tammy Nemeth [00:46:28] Yeah, I’m waiting for that. Help limit the farming hours. It’s too smelly. You know,

Armando Cavanha [00:46:34]  and David and the press support the. What are they supporting? Which type of.

David Blackmon [00:46:42] Well, I mean, the press. You know, we talk a lot about bias in the press in the United States and Europe. And it’s, you know, we a lot of it is what they do report, but so much more of it is what they don’t report. Okay. And so there’s there’s a media blackout in the United States from our legacy media on all of these protests, this enormous international story, thousands of thousands of people protesting every day and all of these different countries, zero coverage in our mainstream press in the United States because it doesn’t fit the narrative. The only thing that’s going to be reported in our press in the United States about climate is whatever is in favor of renewables. In the energy transition period, only favorable information related to that preferred narrative is going to be seen on any of our major TV news news stations. And that’s that’s sad. It’s very sad because we have a public a while. All of us know what’s happening, right? Because we find it on Twitter and other social media and we pay attention. 98% of the American public has no idea these protests are happening in Europe. None whatsoever, I would say. Also, probably 80% of people in the United States have no idea that our southern border is completely wide open, and that 10 million people from all over the world have come into our country in three years, and our government has made zero effort to track any of them. None whatsoever. It’s completely open border. You go out and talk to people on the street. Eight out of ten of them won’t have any idea what you’re talking about. So that’s the pernicious impact of state owned media, which is what we have. It’s not owned, but it’s state controlled media, in the United States, no different than what was seen in Soviet Union.

Irina Slav [00:48:33] That’s exactly.

David Blackmon [00:48:35] And no difference. The same in Germany beginning in the 1930s. It’s it’s the exact same thing.

Armando Cavanha [00:48:43] Tammy and and Irina, please, I have a question for you both. Which side? David and Stuart will participate. Which war? They will participate in Iran or in Washington at the border of Texas.

Stuart Turley [00:49:01] I’m not sure I understood the question. Defend my rights or be a sheep. Well, your question.

Irina Slav [00:49:08] No. Defend your rights and your territory or your land or go fight Iraq. Iran.

Armando Cavanha [00:49:14] Like. Iran.

Stuart Turley [00:49:16] And.

Irina Slav [00:49:18] Fighting for their own land, you know.

Stuart Turley [00:49:21] I’m disgusted with the whole thing. How’s that?

Tammy Nemeth [00:49:24] Yeah.

Stuart Turley [00:49:25] And yes, I will defend my family and my right.

Armando Cavanha [00:49:28] Yeah. Sure, sure.  Thank you so much. Was a great conversation today.

David Blackmon [00:49:36] Thank you. And thank you very much.

Irina Slav [00:49:38] Thank you.

Tammy Nemeth [00:49:39] Thank you for all the comments

David Blackmon [00:49:40] Yes.

Armando Cavanha [00:49:41] Bye bye.

David Blackmon [00:49:42] All right. Have a great week.

Irina Slav [00:49:44] Bye bye.

Stuart Turley [00:49:45] Thanks for everybody. Bye bye.

 

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