Wednesday, July 5, 2017

The Energy And Market Page, T+166 -- July 5, 2017

All in: Volvo to be fully coal-powered by 2019.

Coal-powered EVs and China: one word -- dirty. Source: Bloomberg.
China has been making great strides toward electrification. Electric vehicle sales are booming: Consumers bought more than 300,000 last year, and more than 5 million are expected to be on the road by 2020. The government just announced bold plans for a wave of big new battery factories.
Encouraging as that may be, though, the move away from conventional cars and trucks won’t immediately reduce the country’s carbon emissions. On the contrary, the production and exploitation of electric vehicles in China actually produces more greenhouse gases and consumes more overall energy. In the short run, China’s moves could make greenhouse emissions go up, not down.
And the operative phrase: "short term."  At least three decades.

Didn't get the memo: Goldman Sachs owned up to being completely wrong on the price of oil, their forecasts; their analyses. It looks like Raymond James has not gotten the memo.
Whether the myths are completely/partially right, wrong, or indifferent, the fact is oil is nowhere near what Raymond James forecast; there is no indication that oil will rise significantly in price in the next 12 months; and, all indications are that it will take 70+ weeks to "re-balance."
[If the link is broken, Raymond James is maintaining that the "bear market for oil is/was caused by "fake news." Raymond James notably neglected to bring up one of their own old calls: that WTI would touch $80/bbl this year. Halfway through the year, oil is at $45/bbl -- at the peak of the US driving season. One other comment: Bloomberg certainly wrote a long article on this.]
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Grilling In Montana
Independence Day - 2017

 Updates


Original Post 

Don't try this at home. We found it easier to grill inside so we didn't have to bring all the "other stuff" down to the Weber.


The overhead vent for the stove worked just fine.

6 comments:

  1. There was a fan in the background... it removed about 85% of the smoke.

    Just kidding! My family had a similar reaction! LOL. Nope -- I did this for a stunt -- my adult siblings moved it to the patio. We are all alive and well, and the house is still standing.

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  2. As the son of a fireman this is a really bad idea on many fronts. The primary being carbon monoxide, from the EPA website: "Most of the poisoning was due to “indoor burning” of charcoal briquettes. It is important to realize that charcoal briquettes give off carbon monoxide the entire time that they are hot. Do not use charcoal briquettes if you are going to grill inside an enclosed area. Jun 27, 2011" Carbon Monoxide is a clear odorless gas that kills! What would be do without your blog.

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    Replies
    1. I guess I better put a huge disclaimer on this particular post that this was a JOKE! LOL. Maybe a big "X" across the photo would work.

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  3. I guess if I would have fully read the first reply I would have gotten that! I just saw flashing red lights and got no further. Sorry!!!

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    Replies
    1. I was having some fun... I planned to update the post ... thank you for your note ... I finally got around to it.

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