The Energy Transition Is Dead -- We Just Don't Know It Yet -- Peter Zeihan -- October 15, 2023

Locator: 45788WIND.

Updates

Later, 7:47 p.m. CT: op-ed in The New York Post.   And don't forget: these are the folks that are banning new pipelines and ignoring the massive reserves of natural gas just to the west of them.

 Original Post

Before we get to the NY WIND article, Peter Zeihan this past week:

The Greentech industry has reaped the benefits of cheap capital for years, but that's all changing as demographics take a turn and investment patterns start to shift.

Financing Greentech projects requires a boatload of upfront capital, and if the cost of that capital rises, the viability of those projects has the inverse effect.

This means the Greentech space will be in hot water even if economic growth holds steady.

Sure, Biden's Inflation Reduction Act will help the US a bit, but there's no replacing private investments. This isn't an isolated issue either; if countries with solid Greentech potential want to see their industries thrive, we will need to see some major breakthroughs.

Now, back to the NY WIND story.

By the way: the vote by the New York folks was UNANIMOUS. It is amazing to see how much money these oil companies wanted from New York if they wanted to continue building their wind projects. Apparently, one of the "wind companies" market cap plummeted / collapsed after this debacle.

Two links, same story.

First, twitter, the journalists lied. I'm shocked, shocked:

Then, ZeroHedge, via twitter, and then ZeroHedge, direct: