![]() No matter the metric, “going green” has been a disaster. ![]() Why? Why double down on what has been a total failure? Germany’s emissions are up. To make it worse, in order to hit their green goals, a German government audit recommends spending, or as politicians say “investing”, an additional $600bn in wind and solar. These record prices crush the German economy, hurting manufacturing and leading to measly output. In 2019, at $0.39/MWh, Germany was already paying three-times the American average to be “green”. German households received an additional 60% increase in their utility bills this January, on top of the 500% increase from the previous year. ![]() Let us look at one of the world’s leading “green” nations: Germany. A John Hopkins University study shows that Germany has spent close to $600bn going green and yet electricity today is ten times more carbon intensive than before. And yet, the US and other western leaders eschew this potential, preferring the largely Chinese-made “green” energy of wind and solar. They claim their approach is better in the battle against climate change. Responsible production and the exporting of this resource help the US economy and also the world. In residential use, nearly half of all US homes rely on natural gas for cooking, heat, or hot water. Our domestic natural gas production is barely tapped: in 2018, US reserves doubled as new formations were discovered. In the US, nearly 40% of our electric grid is powered by natural gas, including a third of industry usage. The easiest, most sustainable, most economically affordable, the greenest way to address all these issues is by radically increasing the production of fossil fuels, especially natural gas. Their combined educational degrees and credentials, their experience and pedigree, constitute an impressive gathering of minds, but their common sense is woefully lacking. Maybe even their political courage. "No doubt, the collective intelligence that was at Davos must be incredibly high. Hot air from the Davos crowd that have demonstrated they do not have a lick of common sense. Let's see if they have the guts to do what is right. But watch out if they do - they will be accused once again of being cold-hearted right wingers who don't give a damn about people. The Supreme Court would do the renting public a service if it strikes down this monstrosity of a law. Leaving tens of thousands of units off the market does nothing to solve the affordability crisis in this city. See how good we are? We are for you, the people, not those bourgeois landowners who take advantage of you. But the Socialists (and their dupes/panderers in the Democrat Party) believe in Soviet-era top-down management of the market - and they are in charge, fooling the public much the same way the Comrades of old did. Adding thousands of apartments to the available stock would LOWER top rent and bring the mean rent to a sustainable level. The Neptune-operated exploration well, Calypso (PL938), should drill in the fourth quarter.The Socialists who control the Dems and pretend to act on behalf of the proletariat will not allow any "rent reset" - even though it is counterproductive to the public. In the North Sea, work on the Nova tie-in to the Gjøa platform is progressing with production set to start in the second half of 2022. COSL Promoter will drill the production well this summer. ![]() Subsea rock installation started in March for a new gas pipeline from the Hasselmus satellite to Draugen, performed by OneSubsea and Subsea 7. And a recent water injection test on the northern water injection template will provide data to assess the potential value of water injectors in the northern part of the Draugen reservoir. However, the issue has been resolved.Ī successful scale squeeze campaign on the platform should improve production reliability from the wells going forward. These should help extend the plateau production period from the existing six producers and two injectors.Īt the OKEA-operated Draugen Field in the Norwegian Sea, first-quarter production was lower due to natural decline and a blackout caused by a trip of power turbines during startup of the loading pump for offloading. The field came onstream via a jackup production platform late last year.ĭrilling of new wells on both the Gamma and Beta North reservoir should start in the current quarter (four producers and two injectors). Until the issue is fixed, Yme will produce directly to a large tanker vessel. Partner OKEA, in its latest results statement, said the source has been identified in a pipe from the subsea storage tank. TRONDHEIM, Norway - Production from the Yme Field in the Norwegian North Sea had to be shut in during Easter following a minor oil leak. ![]()
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