Monday, April 4, 2022

Tale Of Two Countries -- April 4, 2022

France:

  • four stories coming out of France:
    • 45% of nuclear plants in France are off-line. Say what!
    • Macron asking housewives to do their laundry on the weekend to save electricity;
    • US coal hits record high as French power prices go limit up: source;
    • number one destination for US LNG? France: source:

US:

  • one story coming out of the US:     
    • Exxon signals record quarterly profit from oil and gas prices: source;

As I told a reader, pardon the "French," but this is the year that the "sh*t" is going to hit the fan. 

It's gonna be Greta Thunberg and John Kerry for the French against Harold Hamm, et al, for the Americans. I could be wrong but I believe I read somewhere Greta never took a high school math course. Needs to be fact-checked.

Regardless, the French are going to find out how expensive renewable energy really is.