Peyto Exploration & Development Corp T.PEY

Demand, use and abuse from IV board

[sportstermathew]

I have been asking this for a long time on how will the infrastructure handle all the demand from electric this and electric that, especially from cars.  Also I don't know of anyone under age 40 that does not want some form of AC.

Glad to see Peyto moving up, have been diversifying some though as my other companies are doing better percentage wise even with Peyto up 20c presently.

Have to admit I am pleasantly surprised how strong prices have been in June and may just keep going throughout summer into the fall.  There may not be any pullback at all other than a major market correction or OPEC or Russia production increases.

Anything the governments do is just going to exacerbate the situation as most don't want to go against the PEOPLE having anything to promote mining and drilling.  Yes, I agree I don't like pollution, and every year I am more atuned to how much waste we really do create that we seldom thought of in the past BUT eventually profits will bring about solutions.  I have a friend just starting a business to process rare metals of very high quality for very cheap prices.  Remains to be seen but you never know.

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Flynn Energy - June 23

Energy Unplugged

 

Don’t plug those electric cars in! In Texas they’re taking over your smart thermostats to lower the temperature in your house and in California they’re begging you to stop charging your electronic vehicles during peak energy hour. Earlier this week all the talk was about how Texas energy companies took over everyone’s smart thermostats and turn down their air conditioners. Now they are going after electric cars which according to the Biden administration, is essential if we’re going to save the planet. The great energy transition and dreams of an electronic future are getting hit with a dose of reality as the nations energy and infrastructure is going to have to be transformed to be able to handle the increase in demand. The demand increase that’s going to be created by electronic vehicles and the green energy grid that is being rushed by the Biden administration.

The goal of getting more people to drive electric cars and eventually replace the internal combustion engine is going to face significant challenges not only with the power grid but the ability to produce all the batteries that are going to be needed and the rare earth minerals that are going to be needed to build these cars. They also have to account for the strip-mining of a lot of land to come up with all the lithium cobalt in other rare earth minerals that are going to be needed to create millions of electronic vehicles.

The power grid is going to be under a lot of pressure because of the increase in electricity usage. The Biden administration wants the power grid to be powered by renewable resources such as wind and solar. But if you look at what’s happening in Texas and if you look at what’s happening in California, what we see during times of peak demand, alternative sources of energy fail. These sources of energy fail the number of solar farms that you’re going to have to build to power the grid and to power electronic vehicles. This will take so much land that is probably going to impact our ability to produce food. Instead of amber waves of grain, we will see reflections of solar panels from sea to shining sea.

We also have to deal with the fact that there is a lot of solar panels that are going to have to be replaced as they have used up useful life faster than people thought about. We’re already starting to see a recycling issue with old solar panels and we have to remember that there are a lot of dangerous chemicals that go into the production of solar panels. We have already talked about the inability to recycle all the wind turbine blades that are ending up in landfills so the new energy transition is not only going to provide us with a world where the supplies of energy are gonna be a lot less reliable but we’re also going to live in the world where energy is going to be ridiculously expensive.

I think we’re going to have a great fossil-fuel reactor re-awakening. That re-awakening may come sooner rather than later especially if you look at the price increases we are seeing in the crude oil market. Crude oil is up .50 after a very bullish American Petroleum Institute supply report as well as the fact that we’re seeing the impact of massive underinvestment on the oil and gas side. That is mainly due to the re-opening of the economy is coming back a lot faster than most people think and it is also one of the reasons why the Federal Reserve underestimated inflation.

[Yasch22]

This post has been removed in accordance with Community Policy

[Yasch22]

This post has been removed in accordance with Community Policy

[Oldnagger]

Right now in the USA wind power and solar are stealing their lunch from nat gas and not from coal. there is no carbon tax in the USA . As nat gas prices rise, it loses market share. Consequently, the cost of reducing CO2 production by wind and solar has effectively doubled.  By now most reasonable people should be aware that governmental policy has been established by incompetent blunderheads

[Oldnagger]

Aa I speak today with nat gas for powerburn down by 4.1 % year over year and coal up by 3.6% year over year, ther is a net increase in CO2 production produced by  USA electricity production