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.

2 comments:

  1. I read recently that France is considering building 10 nuclear power plants. Maybe they did learn.

    ReplyDelete
    Replies
    1. Not cheap and not fast. Macron desperately hopes the French can last ten years while they build these reactors.

      Delete

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