Here's how much energy prices rose in 2021

Comment

Comment by Willem Post on January 4, 2022 at 12:10pm

The EU is facing an energy crisis, because:

 

- EU RE bureaucrats urged countries not to sign long-term contract for gas from Russia
- The US, EU and NATO are on auto-pilot to contain and pressure Russia.

- There was minimal wind, minimal solar, and some nuclear plants had unscheduled outages

- The EU sucked gas from storage during summer, that would be needed in winter

- Germany and Belgium will close down more nuclear plants in 2022, for “green” reasons.

 

- Russia provides gas, as required by signed long-term contracts, plus about 5%
- The 5% is sold by Gazprom on the spot market at very high prices.

- Germany and France received all the 2021-contracted Russian gas by mid-December

- Germany is pumping some of that gas, via Poland, to “hate-Russia” Ukraine, which buys it at high cost, because it refuses to directly buy gas from Russia at low cost.

- Owners are diverting LNG carriers to the EU to cash in on the high-SPOT-price bonanza.
- See US spot price, $/million Btu

https://ycharts.com/indicators/henry_hub_natural_gas_spot_price

 

The spread between the United States and Europe for cargoes leaving the Gulf Coast crept above $37/MMBtu this week, while the arbitrage to Asia sits at around $30, according to NGI calculations.

 

With Henry Hub trading around $4/million Btu, a large cargo produced in the US is valued at about $16 million.

However, at current TTF prices, its value in Europe stands at roughly $168 million – a staggering arbitrage of $152 million, according to shipowner Flex LNG. 

 

“If you are able to source cargoes in the US, on a Henry Hub-linked index, it’s like having an ATM,” Flex CEO Oystein Kalleklev told NGI on Wednesday. 

 

Here is an article providing additional information

 

LEGAL FIGHT OVER NORD STREAM 2, AS EUROPE ENERGY COSTS SOAR AHEAD OF COLD WINTER

https://www.windtaskforce.org/profiles/blogs/fresh-legal-fight-erup...

Comment by Willem Post on December 30, 2021 at 6:22pm

“BUILD BACK BETTER” WOULD COST $4.490 TRILLION OVER THE NEXT DECADE, IF PROVISIONS WERE MADE TO LAST 10 YEARS

https://www.windtaskforce.org/profiles/blogs/build-back-better-woul...

Widespread Environmental Destruction due to BBB Bill

If Biden’s $4.95-trillion BBB bill becomes law, there would be a vast amount of environmental devastation all over the US, including:

 

1) On hundreds of miles of pristine, 2,000-ft-high ridge lines, for mounting 500-ft high wind turbines, in New England. The video shows the massive destruction require to install 500-ft high wind turbines on ridge lines in New England.

https://www.youtube.com/watch?v=gSgVpz_7dDg

 

2) On at least 100 square miles of New England meadow land for mounting solar systems, that would produce almost nothing for a few days, after a snow fall, and nothing from about 4 pm in winter, and 5 pm in summer, to about 9 am the next day. The video shows the massive destruction required to install a multi-MW solar system on a wooded area with wetlands.

https://www.youtube.com/watch?v=oYYVZKgusU4

 

Such destructions would be common-place, and would create huge turmoil among nearby people, all while China, India, etc., continue burning at least 8 billion metric ton of coal, each year, as agreed to during the Glasgow, COP26

https://www.windtaskforce.org/profiles/blogs/wind-and-solar-provide...

 

If all of New England were to disappear, it would not make one bit of difference regarding global warming and climate change.

China consumes about 50% of the world’s coal consumption of about 8 billion metric ton

https://yearbook.enerdata.net/coal-lignite/coal-world-consumption-d... 

Coal consumption	2018	2020
Country	Billion metric ton	Billion metric ton
China	3.770	3.830
India	1.010	0.976
US	0.625	0.419
Russia	0.227	0.205

NOTE:

Warren Buffett Quote: "I will do anything that is basically covered by the law to reduce Berkshire's tax rate," Buffet told an audience in Omaha, Nebraska recently. "For example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit." 

https://www.usnews.com/opinion/blogs/nancy-pfotenhauer/2014/05/12/e...

Comment by Willem Post on December 30, 2021 at 9:32am

PLAYING RUSSIAN ROULETTE WITH RELIABLE ELECTRICITY SERVICE IN NEW ENGLAND  

https://www.windtaskforce.org/profiles/blogs/playing-russian-roulet...

APPENDIX 8

 

Eastern US has Major Heat Islands

 

Many temperature measurement stations are in those heat island areas.
They all read high temperatures, which ups the average for the whole world.
China, India, Japan, etc., have very large heat island areas

https://wattsupwiththat.com/2021/12/19/as-the-mercury-rises-the-urb...

 

The US population increased from 23 million in 1850 to 329.5 million in 2020, 14.3 times

The US energy consumption increased from 2.3 quad in 1850 to 100 quad in 2020, 43.5 times

The energy consumption per capita increased about 3 times from 1850 to 2020

 

The combination of deforestation and urbanization increased the average temperature of the Eastern US, especially in urban areas.

This increase is independent from any increase due to CO2.

In 1850, the US population was about 23 million, and energy consumption was 0.2 quads of coal and 2.1 quads of wood

In 2020, the US population was about 329.5 million, and energy consumption was about 93 quads, of which 79%, oil/gas/coal, and 21% non-fossil; it was down from 100 quads due to COVID, in 2019

 

https://www.eia.gov/todayinenergy/detail.php?id=10

https://www.eia.gov/todayinenergy/detail.php?id=48576

APPENDIX 9

 

These URLs are for your information

 

https://www.windtaskforce.org/profiles/blogs/net-zero-policies-taki...

https://www.windtaskforce.org/profiles/blogs/when-the-costs-hit-hom...

https://www.windtaskforce.org/profiles/blogs/playing-russian-roulet...

https://www.windtaskforce.org/profiles/blogs/everything-in-the-1-2-...

https://www.windtaskforce.org/profiles/blogs/cop26-caves-on-coal-ph...

https://www.windtaskforce.org/profiles/blogs/e-vehicle-woes-german-...

https://www.windtaskforce.org/profiles/blogs/fuzzy-math-democrats-d...

Comment by Willem Post on December 29, 2021 at 12:01pm

“BUILD BACK BETTER” WOULD COST $4.490 TRILLION OVER THE NEXT DECADE, IF PROVISIONS WERE MADE TO LAST 10 YEARS

https://www.windtaskforce.org/profiles/blogs/build-back-better-woul...

 

Distrust in Government

 

I am not surprised at the lack of public trust in Washington, DC, and elsewhere. The games of smoke and mirrors played in Washington are off-the-charts outrageous.

 

Never, ever, has there been such a level of deceit, as Democrats have inflicted on the US People, since January 2021, using a controversial election in 2020 (see Appendix), to obtain government power, to relentlessly implement:

 

- An increased size and intrusiveness of the federal government

- A major change in US demographics by means of just-walk-in, anybody-is-welcome, open borders

- Increased Democrat command/control over the federal government and the American people to “Remake America”

 

However, Dem/Progs made a fatal mistake.

 

- They intended to use top-down, command/control of the very-inefficient federal government to very-expensively “Remake America”.

- Their strategy is a highly un-American approach, significantly different from the history of US economic development.

- They never mentioned the words “private enterprise”.

 

In contrast, Trump’s “Make America Great Again” specifically did not rely on government. MAGA relied on:

 

- Eliminating business-stifling government rules and regulations

- Freeing up the creative energies of the American people

- Putting America and the American people first again, within secure borders

 

Here is an example of Dem/Progs trying to force their visions onto the American people by various underhanded methods, as discussed below:

 

“Build Back Better” Would Cost $4.490 Trillion Over the Next Decade, if Provisions Were Made to Last 10 Years

https://www.windtaskforce.org/profiles/blogs/build-back-better-woul...

 

PHASE 1; BBB programs have various expiration dates to understate the true cost

 

BBB Bill “Shaping” and Cost Estimating

 

The cost of the original BBB bill was $6.0 trillion, as crafted by extreme-leftist Sanders, Chairman of the US Senate Budget Committee. When his proposals proved to be a non-starter, he was told to “whittle it down” to an alleged $3.5 trillion, which, he declared, was the “absolute minimum”.

 

Whittled down means, he shortened the duration of some programs from 10 years to 1 year, or 2 years, etc., as explained in next sections. See table 1

 

Sanders is a life-long admirer of Communism and Socialism, who celebrated his honeymoon in the USSR, i.e., before the Iron Curtain came down

https://www.washingtonexaminer.com/news/video-of-shirtless-Sanders-...

 

Explanation of “Standard Procedure” Congressional Budgeting

 

If a program of a bill would expire in one year, the costs of 9 years of the program would not be included in the bill’s total cost, if expiring in 2 years, 8 years of costs would not be included, etc. That is the “standard procedure” the US Congress uses to play bait-and-switch games with a bill’s “total cost”.

 

This is nothing short of premeditated lying to the American People. Decades of such procedures has led to the $30-trillion national debt. The main beneficiaries of the various bills are family, friends, and associates of Congress members, various self-seeking lobbies, and career bureaucrats, mostly Democrats, who would manage the government programs.

 

Opposition to BBB Bill: Manchin, moderate Democrat, US Senator of West Virginia, knows how to co-operate with moderate Republicans.

 

He had stated, he had reservations about the BBB bill, and would consider a bill costing about $1.5 trillion. 

https://www.breitbart.com/politics/2021/11/10/joe-manchin-dc-can-no...

 

Senators Sanders and Wyden, the White House staff, and Pelosi’s staff, etc., aka “the Shapers”, had no choice, but to further whittle down the cost of the bill from $3.5 to $1.75 trillion, to partially placate Manchin, mainly by tossing some programs and shortening program durations even more. See table 1

https://rules.house.gov/sites/democrats.rules.house.gov/files/Secti...

 

At this point Manchin, who had been largely kept out of the loop, made more and more noise.

He and Sanders had frequent shouting matches about:

 

1) BBB budgeting smoke-and-mirror shenanigans, such as short program durations to reduce costs

2) BBB causing a major increase in the intrusiveness of the federal government

3) BBB increasing the bureaucrat headcount of federal, state and local governments by at least 100,000

4) BBB worsening high inflation rates in 2022, and beyond; CPI up 6.8%/y in November, 2021

5) BBB worsening multi-billion federal budget deficits in 2022, and beyond

6) BBB worsening the rapidly-growing US national debt, much of it owned by China, etc.

7) BBB worsening US trade competitiveness and $trillion-plus annual trade deficits

8) BBB worsening the precarious financial condition of the Social Security and Medicare Systems.

 

The BBB bill had become a Green New Deal cornucopia for boosting Democrat constituencies. See table 1

The BBB bill, aka “budget reconciliation bill,” had morphed into a vast expansion and increase of:

 

1) The socialistic welfare state for individuals, and

2) The decades-long, multi-$billion, bonanza for multi-millionaire subsidy-seekers in the renewable energy sector.

Widespread Environmental Destruction due to BBB bill

 

If Biden’s $4.490-trillion BBB bill becomes law, there would be a vast amount of environmental devastation all over the US, including:

 

1) On hundreds of miles of pristine, 2,000-ft-high ridge lines, for mounting 500-ft high wind turbines, in New England. The video shows the massive destruction require to install 500-ft high wind turbines on ridge lines in New England.

https://www.youtube.com/watch?v=gSgVpz_7dDg

 

2) On at least 100 square miles of New England meadow land for mounting solar systems, that would produce almost nothing for a few days, after a snow fall, and nothing from about 4 pm in winter, and 5 pm in summer, to about 9 am the next day. The video shows the massive destruction required to install a multi-MW solar system on a wooded area with wetlands.

https://www.youtube.com/watch?v=oYYVZKgusU4

 

Such destructions would be common-place, and would create huge turmoil among nearby people, all while China, India, etc., continue burning at least 8 billion metric ton of coal, each year, as agreed to during the Glasgow, COP26

https://www.windtaskforce.org/profiles/blogs/wind-and-solar-provide...

 

If all of New England were to disappear, it would not make one bit of difference regarding global warming and climate change.

 

China consumes about 50% of the world’s coal consumption of about 8 billion metric ton

https://yearbook.enerdata.net/coal-lignite/coal-world-consumption-d...

 

Coal consumption	2018	2020
Country	Billion metric ton	Billion metric ton
China	3.770	3.830
India	1.010	0.976
US	0.625	0.419
Russia	0.227	0.205

 

NOTE:

Warren Buffett Quote: "I will do anything that is basically covered by the law to reduce Berkshire's tax rate," Buffet told an audience in Omaha, Nebraska recently. "For example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit." 

https://www.usnews.com/opinion/blogs/nancy-pfotenhauer/2014/05/12/e...

Comment by Willem Post on December 28, 2021 at 5:41pm

Art,

please provide a URL for your data, to show veracity 

Comment by Art Brigades on December 28, 2021 at 5:17pm

HERE IS A SUMMARY OF WHOLESALE SALES, & PRICES FOR THE ISO-NE OVER THE LAST SEVERAL YEARS. THIS DOES NOT INCLUDE THE COST FOR TRANSMISSION & DISTRIBUTION. THESE ARE WHOLESALE PRICES, NOT THE MARKED-UP RETAIL PRICES WE RATEPAYERS PAY ON OUR ELECTRIC BILLS. BUT WITH SOME LAG TIME FOR PUC RATE APPROVALS, RETAIL RATE INCREASES AND DECREASES DO REFLECT WHOLESALE RATES. RATE INCREASES AND DECREASES IN NEW ENGLAND CLOSELY MIRROR NATURAL GAS RATE INCREASES AND DECREASES. AND YEAR OVER YEAR, THE DIFFERENCE CAN BE BILLIONS OF DOLLARS DRAINED OUT OF THE NEW ENGLAND ECONOMY VIA THE ELECTRICITY MARKET. 

2013  131 million MWH  @ $56.78 = $7.44 billion

 

2014   127 million MWH @ $65.49 = $8.31 billion

 

2015   127 million MWH @ $42.45 = $5.38 billion

 

2016   124 million MWH @ $29.45 = $3.66 billion

 

2017   121 million MWH @ $34.48 = $4.17 billion

 

2018   123 million MWH @ $44.17 = $5.44 billion

 

2019   119 million MWH @ $31.13 = $3.70 billion

 

2020   117 million MWH @ $23.62 = $2.75 billion

 

2021     99 million MWH @ $42.56 = $2.68 billion (as of Oct 31)