Discussion:
it’s possible to meet consumption-cut targets on the current path
Add Reply
Unum
2018-10-11 03:27:14 UTC
Reply
Permalink
https://www.bloomberg.com/view/articles/2018-10-09/the-end-of-coal-could-be-closer-than-it-looks

After all, U.S. coal-power generation decreased by about a third in the seven
years through 2017, to 12.7 billion British thermal units from 18.5 billion,
based on data from energy-market consultancy Genscape Inc. In the European
Union, black-coal generation fell by about the same proportion over just four
years through 2016, according to Eurostat, to 385,925 gigawatt-hours from
544,279 GWh.

Across Europe and the U.S., the decline in coal output recently has averaged
close to 5 percent a year. If the world as a whole can reach 7 percent a year,
it would be on track to meet the IPCC's 2030 target.

Thanks to the deflation of recent years, renewables already produce energy at
a lower cost than thermal power plants. That causes the overall price of
wholesale electricity to fall, reducing a conventional plant’s revenue per
megawatt-hour. When this drops below the generator’s operating costs, the only
away to avoid losing money is to switch off altogether. As a result, capacity
factors — the share of time when the plant is on and producing electricity —
decline as well, further undermining returns.

about half the cost of coal-fired power is the fuel itself, which is currently
trading at six-year highs. At present, while new renewables are cheaper than
new coal almost everywhere in the world, it’s still usually more profitable to
run existing thermal generators than to decommission them and build
replacement wind and solar instead.

As wind and solar costs continue to decline, the tipping point where new
renewables undercut fully depreciated existing plants isn’t far off, though,
especially in markets like Florida and India. When that happens, you can
expect retirements to accelerate even faster.
Wally W.
2018-10-11 04:41:44 UTC
Reply
Permalink
Post by Unum
Thanks to the deflation of recent years, renewables already produce energy at
a lower cost than thermal power plants. That causes the overall price of
wholesale electricity to fall, reducing a conventional plant’s revenue per
megawatt-hour. When this drops below the generator’s operating costs, the only
away to avoid losing money is to switch off altogether.
So the claim that they "could stop losing money simply by
ceasing production" was an outright lie. Keep on running, boy.
If it's a lie when someone else says it, what is it when Unum says it?
R Kym Horsell
2018-10-11 04:56:23 UTC
Reply
Permalink
Post by Unum
https://www.bloomberg.com/view/articles/2018-10-09/the-end-of-coal-could-be-closer-than-it-looks
After all, U.S. coal-power generation decreased by about a third in the seven
years through 2017, to 12.7 billion British thermal units from 18.5 billion,
based on data from energy-market consultancy Genscape Inc. In the European
Union, black-coal generation fell by about the same proportion over just four
years through 2016, according to Eurostat, to 385,925 gigawatt-hours from
544,279 GWh.
...

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!

--
Dooly County Sheriff's Office @DoolyCountySO 10 Oct 2018 21:44Z
Michael is inland but remains a Category 3 hurricane with 125 mph sustained
winds. Hurricane Warning remains in effect for central Georgia. Wind gusts
over 70 mph expected. Outer bands will bring tornado/gusty wind threat this
evening (Watch in effect) pic.twitter.com/o0nfQKevXr
<Loading Image...>

geocosmo_news @geocosmo_news 10 Oct 2018 22:01Z
Tsunami warning after massive 7.3 earthquake hits off the coast of Papua New
Guinea: ift.tt/2CD6q41
[Models predict tsunami max 30 cm].

Trump's message to those in path of storm: "God bless you all"
CNN, 10 Oct 2018 21:47Z
With Hurricane Michael quickly approaching the Florida Panhandle, ...
"very sad" that some of the areas in the storm's path are
poverty-stricken, ...

Trump says people that didn't leave evac zone were forced to stay
because of poverty
ABC News, 10 Oct 2018 22:06Z
[It's reported around 360k people managed to evac before the US's
largest storm hit the Fla panhandle. It's unknown how many didn't
leave and are possibly now stuck in their homes].

[Rewind:]
Trump Administration Declares Poverty is Over, We Can All Go Home ...
ucsusa.org, 24 Jul 2018

CNN @CNN 10 Oct 2018 22:39Z
President Trump defends attending his Erie rally on the day Hurricane
Michael hit, saying canceling the event would be "very, very unfair to
thousands of people." "In the meantime, we have it very well covered in
Florida from the White House," he added. cnn.it/2OfqwYa
pic.twitter.com/YhXSrDkDbz
<Loading Image...>

Can we quit coal in time to avoid climate change catastrophe? Analysis (photos)
ABC/The Signal, 10 Oct 2018 23:05Z
The latest IPCC report warns the world has just 12 years to avoid a climate
change catastrophe. Scientists are telling us that by quitting coal quickly,
we could stave it off, but is that even possible?

Man killed by falling tree as storms lash Byron Bay
ABC News, 10 Oct 2018 23:15Z
A 65-year-old man is crushed by a falling fig tree as wild weather lashes
the NSW northern coast, bringing large hail and damaging winds.

Live updates: First fatality reported as Hurricane Michael causes ...
AccuWeather.com, 10 Oct 2018 23:33Z
Hurricane Michael made landfall along the Florida Panhandle as a Category 4...
Michael is now a Category 2 storm with maximum sustained winds of 100 mph.

CNN @CNN 10 Oct 2018 23:39Z
Hurricane Michael is now a Category 2 storm. It's still dangerous, packing
winds of 100 mph. cnn.it/2CDerG9 Track the storm: cnn.it/2PsqQiX Follow
updates: cnn.it/2PvL8br pic.twitter.com/UzDBqBS0uF
<Loading Image...>

Hurricane Michael: Army Corps preparing to cover 'tens of thousands ...
USA TODAY,
10 Oct 2018 23:39Z
Washington. The Army Corps of Engineers is preparing to cover tens of
thousands of rooftops damaged by Hurricane Michael, according ...

[Dam winmillies!]
More Than 185000 Without Power, Flooding Underway as Deadly ...
The Weather Channel, 11 Oct 2018 01:09Z
As deadly Hurricane Michael continued its march inland after making landfall
along the Florida Panhandle early Wednesday afternoon, rain and wind pelted ...

Hurricane Michael leaves behind widespread damage in Panama City ...
WVTM13, 11 Oct 2018 01:26Z
Hurricane Michael has left extensive damage in Panama City, with broken and
uprooted trees and power lines down nearly everywhere. Roofs were peeled off ...

Dow Jones slumps in worst day for US markets in eight months
ABC News, 11 Oct 2018
Wall Street suffers its worst fall in eight months, with the Dow Jones index
plunging by more than 800 points as investors dump big-name tech and
consumer stocks like Facebook, Apple and Amazon.

General Motors to Utilize Wind Power to Manufacture Large Pickups ...
FutureCar, 10 Oct 2018 10:53Z
According to a report by The Detroit Free Press, GM is looking to make the
switch to 100-percent renewable energy sources by 2050 for all of its global
facilities.

The Aus market tumbles 2% on the open
ABC News, 11 Oct 2018

General Motors Company
NYSE: GM - 10 Oct., 1:00 pm GMT-4
32.86 USD +0.20 (0.61%) up

Ford Motor Company
NYSE: F - 10 Oct., 1:01 pm GMT-4
8.96 USD +0.010 (0.11%) up [Just off new 5y low].

NK Rosneft' PAO
MCX: ROSN - 10 Oct., 1:35 pm GMT+3
471.00 RUB -2.10 (0.44%) down

Kinder Morgan Canada Ltd
TSE: KML - 10 Oct., 12:42 pm GMT-4
17.10 CAD -0.095 (0.55%) down

Exxon Mobil Corporation
NYSE: XOM - 10 Oct., 12:56 pm GMT-4
85.83 USD -0.68 (0.79%) down

Bayerische Motoren Werke AG
ETR: BMW - 10 Oct., 11:07 am GMT+2
75.52 EUR -0.87 (1.14%) *** down 1.1% ***

Gazprom PAO
MCX: GAZP - 10 Oct., 12:21 pm GMT+3
169.99 RUB -2.12 (1.23%) *** down 1.2% ***

BP plc
NYSE: BP - 10 Oct., 12:58 pm GMT-4
45.38 USD -0.63 (1.37%) *** down 1.4% ***

Chevron Corporation
NYSE: CVX - 10 Oct., 12:59 pm GMT-4
124.60 USD -2.25 (1.77%) *** down 1.8% ***

Suncor Energy Inc.
TSE: SU - 10 Oct., 12:44 pm GMT-4
49.48 CAD -0.94 (1.86%) *** down 1.9% ***

Peabody Energy Corporation
NYSE: BTU - 10 Oct., 12:57 pm GMT-4
34.52 USD -1.17 (3.28%) *** down 3.3% ***

BHP Billiton Limited
ASX: BHP, 11 Oct., 10:04 am AEDT
33.57 AUD -1.15 (3.31%) *** down 3.3% ***

Glencore PLC
LON: GLEN - 10 Oct., 4:48 pm GMT+1
314.96 GBX -11.19 (3.43%) *** down 3.4% ***

ConocoPhillips
NYSE: COP - 10 Oct., 12:57 pm GMT-4
76.65 USD -2.76 (3.48%) *** down 3.5% ***
Wally W.
2018-10-11 05:02:25 UTC
Reply
Permalink
Post by R Kym Horsell
Post by Unum
https://www.bloomberg.com/view/articles/2018-10-09/the-end-of-coal-could-be-closer-than-it-looks
After all, U.S. coal-power generation decreased by about a third in the seven
years through 2017, to 12.7 billion British thermal units from 18.5 billion,
based on data from energy-market consultancy Genscape Inc. In the European
Union, black-coal generation fell by about the same proportion over just four
years through 2016, according to Eurostat, to 385,925 gigawatt-hours from
544,279 GWh.
...
NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!
Sounds like a denier.
R Kym Horsell
2018-10-11 05:36:14 UTC
Reply
Permalink
Post by Wally W.
Post by R Kym Horsell
Post by Unum
https://www.bloomberg.com/view/articles/2018-10-09/the-end-of-coal-could-be-closer-than-it-looks
After all, U.S. coal-power generation decreased by about a third in the seven
years through 2017, to 12.7 billion British thermal units from 18.5 billion,
based on data from energy-market consultancy Genscape Inc. In the European
Union, black-coal generation fell by about the same proportion over just four
years through 2016, according to Eurostat, to 385,925 gigawatt-hours from
544,279 GWh.
...
NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!
Sounds like a denier.
Swishhhhhhh.
--
<Loading Image...>
Wally W.
2018-10-11 12:11:45 UTC
Reply
Permalink
Post by R Kym Horsell
Post by Wally W.
Post by R Kym Horsell
Post by Unum
https://www.bloomberg.com/view/articles/2018-10-09/the-end-of-coal-could-be-closer-than-it-looks
After all, U.S. coal-power generation decreased by about a third in the seven
years through 2017, to 12.7 billion British thermal units from 18.5 billion,
based on data from energy-market consultancy Genscape Inc. In the European
Union, black-coal generation fell by about the same proportion over just four
years through 2016, according to Eurostat, to 385,925 gigawatt-hours from
544,279 GWh.
...
NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!
Sounds like a denier.
Swishhhhhhh.
Let's "bump" and restore the text replaced by Kymmie in his "reply" to
Post by R Kym Horsell
Post by Wally W.
Thanks to the deflation of recent years, renewables already produce energy at
a lower cost than thermal power plants. That causes the overall price of
wholesale electricity to fall, reducing a conventional plant’s revenue per
megawatt-hour. When this drops below the generator’s operating costs, the only
away to avoid losing money is to switch off altogether.
So the claim that they "could stop losing money simply by
ceasing production" was an outright lie. Keep on running, boy.
If it's a lie when someone else says it, what is it when Unum says it?
Note that it was even better than I let on. The Unum-speak in the
quote above was prefaced by this in the cite above:

"Really, only a simpleton would make that statement. Amazon lost money
for years but still made a profit on almost every item sold."

For slow greenies (or is that redundant?) the subject line for what
might become another Unum classic was: Tesla made 80k EV last Q


How evasive, disingenuous, duplicitous, and weasel-like must one be to
qualify as a greenie?

Loading...