Tag Archives: Tim McGrath

Big Oil in the family

We all have moments where we look at the sky and roll our eyes. Today was my moment when I was treated (by the Guardian) to ‘Big oil and gas kept a dirty secret for decades. Now they may pay the price’, in this I start with “Was it really a secret?” You see, we all want to blame someone else for the problems we helped create. And  when the (what I reverently call) the stupid people are bringing about “An unprecedented wave of lawsuits, filed by cities and states across the US, aim to hold the oil and gas industry to account for the environmental devastation caused by fossil fuels – and covering up what they knew along the way”. You see that is is merely one element of stupid. I gave light to ‘Uniform Nameless Entitlement Perforation’ on December 10th 2020 (at https://lawlordtobe.com/2020/12/10/uniform-nameless-entitlement-perforation/), I emphasised on a report by European Environmental Agency (EEA) where. We see that 147 industrial plants create 50% of the pollution, the media seemingly ignored the report I have not see the media go out and bash the nations for these 147 plants, we even had a joke (read: BBC article) by Tim McGrath on how the “Global ‘elite’ will need to slash high-carbon lifestyles”, so how stupid do people need to get?

In case you forgot

This reflects on the now when we see (at https://www.theguardian.com/environment/2021/jun/30/climate-crimes-oil-and-gas-environment) “Coastal cities struggling to keep rising sea levels at bay, midwestern states watching “mega-rains” destroy crops and homes, and fishing communities losing catches to warming waters, are now demanding the oil conglomerates pay damages and take urgent action to reduce further harm from burning fossil fuels”, just when you think that Americans can no longer become any more stupid, we get the next iteration of ‘stupid is as stupid does. Statista shows us that in 1975 the US requires 1.747 BILLION kilowatt hours a year, this went up again and again until that number was well over doubled in 2005 (3.8B KwH), then it roughly stays the same. There was one spike in 2018, yet one source gives us “From 2003 to 2012, weather-related outages doubled”, I personally believe it is not all weather related. I believe that energy delivery hit a saturation point around 2005. This is why the last decade has so many of these failings and outages. Consider that it was not merely oil and gas, it was energy, the underlying need that drives this. If you doubt this you need but to read the entire ENRON scandal papers to get a clue on how it has always about greed and not about big oil and gas. When I see ‘Big Oil and gas’ I personally think it tends to be a hidden jab towards the Middle East. There have been carbon neutral solutions for almost two decades. Yes, they were expensive in the beginning, but how much effort was made to push this? It is about profit margins, it is about cheap and it is about exploitation. Oil and gas check most marks, but are they to blame? We can ignore settings like “In the early 1990s, Kenneth Lay helped to initiate the selling of electricity at market prices and, soon after, Congress approved legislation deregulating the sale of natural gas” that was almost 30 years ago, so how was electricity created? How do we get energy? And why is Congress not in the same accusation dock? Until the late 80’s the idea of Electricity at market prices was a lull and instead of protecting that part, it was left to the needy and the greedy.

So when they have another go at ‘Big Oil’ (to be honest, I have no idea what they are talking about), consider that the drive to have your own car started in the 50’s. Forbes gave us in 2020 ‘Traffic Congestion Costs U.S. Cities Billions Of Dollars Every Year’, which is fine, but that too relies on fuel, so when they gave us “New York had the highest economic losses out of any major U.S. city with congesting costing it $11 billion last year. Los Angeles lost $8.2 billion while Chicago suffered the third-worst impact at $7.6 billion.” And how much fuel is wasted in that setting? Do you want to blame ‘big oil’ for that too? This is a case that will go nowhere, the only thing it enforces is something I will touch on a little later. You see, when we saw the messages on how companies had enough of California, they vacated and left, Texas is such a much better place (it actually might be), and Forbes again gave us in February ‘Texas Energy Crisis Is An Epic Resilience And Leadership Failure, yet how much consideration are we seeing when we get sources feeding us “There are several reasons tech companies shave been moving to Texas – lower housing costs, lower tax rates, less regulations have made it easier for companies to operate in Texas. There is already an abundance of technical talent all over Texas. Any company moving here can tap into a well-experienced talent pool. There is also a well-educated stream of new talent graduating from top schools like Texas, Rice, University of Houston, and Texas A&M.” I am not debating the act, I am fine with the action taken, but when you consider that the following companies moved to Texas, how much of a drain on energy in other places will that give you and when you see the sudden spike in some places requiring a lot more energy, all whilst the other places are not diminishing their offer, because people will always need power, how is ‘Big Oil’ to blame? So lets take a loot at that list and most names moved less then 2 year ago (or are about to move)
Guideline, Contango, Done, Carbon Neutral Energy, Tailift Material Handling, Estrada Hinojosa,  GBS Enterprises, Wedgewood, Verdant Chemical, Ranchland Food, Drive Shack, Invzbl,Markaaz, XR Masters, Elevate Brands, Harmonate, Einride, Green Dot, NRG Energy, Caterpillar,Flex Logix, Leaf Telecommunications, Katapult, Wayfair, Ribbon Communications, BSU Inc, Avetta, First Foundation, 5G LLC, TaskUs, BlockCap, Element Critical, City Shoppe, CrowdStreet, Lalamove, NinjaRMM, Gilad & Gilad, MDC Vacuum, FERA Diagnostics, Roboze, Leadr, SupplyHouse.com, Eleiko, Firehawk Aerospace, International Trademark Association, ZP Better Together, Precision Global Consulting, Loop Insurance, QSAM Biosciences, AHV, Dominion Aesthetics, Sage Integration, Quali, Samsung, Truelytics, Alpha Paw, Sentry Kiosk, ProtectAll, Optimal Elite Management, Ametrine, Digital Realty, Amazing Magnets, Lion Real Estate Group, NeuraLink, Maddox Defense, DZS Inc, The Boring Company, Oracle, Hewlett Packard Enterprise,Tesla, Optym, Longevity Partners, Iron Ox, Palantir, 8VC, Bonchon, Titans of CNC, Saleen Performance Parts, CBRE, Slync.io, Baronte Securities, Omnigo Software, Incora, Vio Security, JDR Cable Systems, FileTrail, Sonim Technologies, Murphy Oil Corp, Buff City Soap, Origin Clear, QuestionPro, SignEasy, Sense, Astura, Charles Schwab, Splunk,  Bill.com, Chip 1 Exchange, McKesson, and Lonza. This is not a complete list and I am not considering (at present) which ones are doing it for all kinds of tax hypes. Now consider how many people will move as well. I get it, California is expensive, but how will this change that represents the population of more than one large city impact the power needs in Texas that is already has it fair share of brownouts, and that is just for starters, how many gas and oil energy producing plants will Texas get? Is ‘Big oil’ to blame, or do they merely offer a commodity that EVERYONE needs? Consider that a powerful computer required a 200 Watt power unit in 1997, today it is 600Watt or even higher. There were roughly 51 million units sold last year alone. I cannot state how the division on laptop and desktop is, but the need for energy is unrelentingly large, how large? Consider all the staff moving to Texas and consider how many more energy issues Texas has in the next two years, that is your marker and ‘Big Oil’ had nothing to do with this. 

So when we reconsider “wave of lawsuits, filed by cities and states across the US”, how many of these claimants voted against wind farms, against solar power and against nuclear power? They did it for all kinds of reasons and we get it, some are expensive and you do not want your children to go to school glowing in the dark (yet in winter that is a case for less accidents), but in all this blaming ‘Big Oil’ is just too ludicrous to mention. So as for a promise earlier in this article. When the US goes on with silly and stupid court cases, how long until the owners of IP and Patents will consider the US to be too dangerous to remain in? Consider that the US has an IP value of $21,000,000,000,000 (trillion), it represents almost 90% of the S&P 500 value, so what do you think happens when a massive slice of that moves to Asia or the Middle East, optionally to Europe? I reckon that over 70% of Wall Street executives are on a floor above the 30th and there is every chance that well over 40% of them will do a (at https://www.youtube.com/watch?v=cEpKcBkkVMY); now consider the stage of blaming the wrong  party. I am not stating that any of the energy delivering components are innocent, yet we are all guilty, in almost every nation. We remained silent when energy prices remained the same (somehow), we have known about alternatives and most people never pushed their politicians, we have known about the dangers of erosion for decades and we see pollution report after report, yet nothing is done. We are all to blame and putting ‘Big Oil and Gas’ in the dock will never ever go anywhere, I reckon that Kenneth Lay set the charter for that. When we realise that we allowed a utility to become profit driven which we clearly get from ‘the selling of electricity at market prices’, we changed a whole range of processes and now that we see the impact we should not cry, we should look into the mirror for blame.


Filed under Finance, Politics, Science

Hot air on heating

The BBC gave us an interesting article. I am not here to dis it, I accept that things need to change, but the article sets a few parameter in play and it made me wonder. The article ‘How will we heat homes in zero carbon Britain?’ Makes sense, even though it was written in February and I am only now taking notice. So why did I take notice? You see I will get to that in a moment, what is important is that the two methods given the ‘Hydrogen’ method and the ‘Heat pumps’ method, in both cases we see opposition,

Prof Julia King, states that hydrogen power would need twice as much wind power than is currently planned. Whilst the ‘Heat pumps’ method will require a massive government investment in transforming homes with low-carbon heating. It recommends spending £4bn a year into the next decade, and when did any UK government have that amount lying about? Yet something needs to happen. The article (at https://www.bbc.com/news/business-55948531) has a few more items, but I have to return to another part, You see on December 10th 2020 I wrote ‘Uniform Nameless Entitlement Perforation’, the article also showed a report by the EU stating that 1% of the plants are responsible for 50% of all the pollution. Is it not weird that we see this not here? How many of those 147 facilities that create so much pollution are in the UK? I actually do not know that as there is no list (in the report) how many of them are in the UK, and if that is not enough, the second tier represents 421 facilities that create between €82 and €263 of pollution damage, so are any of those in the UK? The entire mess we see is all about politicians trying to impress people with their ‘green’ actions, yet in all that I am not impressed. This is about shafting the people with the upcoming bill that the industry has a tax redemption for (or they can make it all tax deductible), how does that help the people who are merely getting by? 

Lets not be fooled by the 2025 part, when we see “when your beloved boiler packs up, be prepared for a change – because gas heating can’t play a part in zero carbon Britain” it is not about being zero carbon, it is (as I personally see it) about shortages, it seems that my estimated shortage part was more than on the nose and as people are looking towards heating their places, it seems to me that the UK (other places too) are running out of gas and that is something that the government is less willing to tell the people.

EU report grapics

And when we see the pollution graph (at https://lawlordtobe.com/2020/12/10/uniform-nameless-entitlement-perforation/) why do we see the push for one side whilst the EU stage of ‘Half the damage is being done by just one percent of industrial plants’ is seemingly ignored. Now it might be that none of those are in the UK or even the EU, but to ignore that much of a setting? Are you not wondering what is actually going on? I wrote “Tim McGrath was making his point coming from the graphs on page 89, where we see “Per capita and absolute CO2 consumption emissions by four global income groups in 2015”, you see the chart looks really clever, but where is the data?”, my reaction to a BS article on how a silly person and his friend were all about slamming rich people and their jets, all whilst a larger stage exists. Their data was debatable, the stage was fraught with issues and the EU report was ignored to a way too large an extent. 50% of all the pollution damage done by 147 facilities. Is anyone catching on yet? The other article ‘Hatred of Wealth’ was written (by yours truly) a day earlier. 

Now I am not opposing the zero carbon stage, I am stating that there are larger issues and getting rid of 147 facilities gives us twice the time to come up with solutions that actually work, or optionally get more wind power installed for the Hydrogen solution, is that not a workable idea? 

Well, I have no time to solve that issue, I have to think through a new idea to make life in Iran harder for the IRGC (we all need hobbies at times).

Leave a comment

Filed under Finance, Politics, Science

Uniform Nameless Entitlement Perforation

As I stated yesterday, lets take a look at the Emissions Gap Report 2020, I wanted to see where the lifestyle change to the super wealthy would solve the environmental issue as Tim McGrath rote in his BBC article, which I covered in ‘Hatred of Wealth’ Yesterday. There we saw in the BBC article ‘Climate change: Global ‘elite’ will need to slash high-carbon lifestyles’ the mention of  “And for the top 10% of earners, this would mean cuts to around one tenth of their current level. But for the richest 1%, it would mean a dramatic reduction”, in this he also makes mention of his friend at chapter 6, who was a contributor, as such we should look there. When we get there we get a few facts. As we see “Average consumption emissions vary substantially between countries. For example, current per capita consumption emissions in the United States of America are approximately 17.6 tons CO2e per capita, around 10 times that of India at 1.7 tons per capita. By contrast, the European Union and the United Kingdom together have an average footprint of approximately 7.9 tons per capita (see chapter 2).” Here we need to take a little gander. ‘per capita’ gives us a Latin term that translates to “by head”, and the UN does nothing without a reason, so why not ‘per person’ does it seemingly looks ‘more intelligent’? You see India has well over 1.3 billion people, America has 325 million people. Which now implies that one nation has a different pattern when we take the whole look. Anyhow, they come to the conclusion of “A range of estimates point to a strong correlation between income and emissions, with a highly unequal global distribution of consumption emissions. Such studies estimate that the emissions share of the top 10 per cent of income earners is around 36–49 per cent of the global total, whereas the lowest 50 per cent of income earners account for around 7–15 per cent of all emissions”, this is not a bad view, I do not agree, but their report does not need to give in to my considerations. It is here that we introduce the data from the European Environmental Agency (EEA) where we get “Half the damage is being done by just one percent of industrial plants”, as such in Europe 50% is done by 147 industrial plants? Where in this view do the wealthy users of private jets stand? You see on page 84 we see the only two mentions of Jet in the entire report, it is “IEA estimated that the mean production costs of aviation biofuels in 2018 were approximately two to three times that of fossil jet kerosene (IEA 2018)”, it is not precise, it is an estimation, and it reflects on cost, not on pollution, as such where did Tim McGrath get his data? I found mine in two minutes, and the BBC let him. So as we consider the impact of this report (which is better then I expected), as such I wonder what the issue was with the lifestyle of the wealthy when in Europe alone, 147 factories would have set the marker of 50% of the damages in Europe, so which (or how many) factories have a similar view in the US and India? I would add China to that equation as well, optionally Russia, so how much improvement can we get if we go after the right targets and not waste our time on the wealthy jet owners (as Tim McGrath want). 

It took two hours to look into the report, less than an hour to look at the EEA and when we consider this against the BBC article, how much time did they spend (read: waste) on something a person without clear present knowledge could debunk in a matter of minutes? It took me 5 times longer to type this point of view against me making the case. 

But this is not enough, Tim McGrath was making his point coming from the graphs on page 89, where we see “Per capita and absolute CO2 consumption emissions by four global income groups in 2015”, you see the chart looks really clever, but here is the data? And when we see the EEA stage where we see that 50% of the damage is allegedly DONE by 147 plants, who owns those 147 plants? This all matters as the report is optionally ‘hiding’ behind “Ivanova and Wood (2020) find that a large share of the emissions of the top- emitting European Union households are transport-related”. This might be true, yet the larger stage is not merely on the transport related part, it is how much of that emission problem is mass transport? Trains, metro’s, busses, how much of the transport emissions are they a part of? You see, the data their will be found lacking. Consider Spain, Italy and Greece alone, this against the UK. Are you seeing the larger picture and how convoluted the setting of ‘transport-related’ emission issues are seen when the EEA gives for Europe a clear stage of 147 industrial plants and 50% of the damage, in all this the entire wealth setting is merely a smoke screen, like the ones we see way too often and in this case the BBC is optionally a co-conspiror of the created smoke.

It is merely my point of view and feel free to disagree, but in this you need to make up your own mind on what is there and what is debatable.



Filed under Finance, Media, Politics, Science