The US needs 461 million barrels of oil to refill our Strategic Reserves. The current price of a barrel is $78.23. Total cost = a tad over $36 billion. The White House is NOT attempting to refill the reserves and continues to ‘deplete’ them – further putting the US into a strategic mudhole. Offshore wind turbines cost between $8,000-$13,000 per kilowatt hour to build. Wind power generates just 10% of the US electricity needs, nuclear is 18%, and fossil fuels represent 60%. If we were to max out wind turbines exclusively to power the US, we would need about 1.3 million turbines. But the wind is not always blowing – and turbines die off after 17 years subject to routine maintenance every 6 months.
Bill Gates is off wind and solar and has created his very own ‘nuclear company’ – TerraPower, LLC, funded predominantly by the US Government. TerraPower is building a class of ‘fast reactors’ using depleted uranium. It signed its first agreement with China in 2015 for the production of a prototype 600 MWe reactor. In 2019, the project was abandoned when Trump established technology transfer limitations. Then in October 2020, the US Department of Energy awarded Terra grants of $400 million and $4 billion to build a demonstration reactor by 2027.
At the COP 28 meeting in Dubai, Gates and the UAE agreed to ‘study’ the potential development of fast reactors in Dubai and ‘elsewhere’. In addition, 20 nations at the conference agreed to triple nuclear deployment by the bugger year – 2030. Of course there is a catch… TerraPower needs HALEU (High Assay Low Enriched Uranium) for production and the only current supplier is – Russia.
Centrus Energy was given the government authority to produce HALEU by the Department of Energy and has begun preliminary capacity to produce 900 kilograms a year… although 6000 kilograms are the annual need. As such, Centrus is awaiting the necessary funding – from a broke US Government to begin the expansion that will take roughly 4 years once the funding is provided.
All in – these fast reactor nuclear facilities may become online sometime toward 2035 to 2040…assuming they actually do what they promote.
The US currently has 92 nuclear reactors at 54 plants across the country. By 2025, seven reactors will be shut down, their operational time value is 40 years. Weaning off fossil fuels is more than a bit premature given there currently is no other viable alternative.
But our esteemed government, in contrast to reality, has declared the US will shut down ALL coal plants by 2035 when Brandon is well into his 90’s. As such, 2030 is looking more like 2035-2040.
Summits are a time for a whole lot of wannabe in the elite circles to get together to make pinky swear promises and pledges and commitments for something to happen sometime in the far future while having a great PARTY! Hookers, Prostitutes, toys, beaches, and food dominate the true thematics.
John Kerry has declared that he is the global climate Tzar and “will be working to accelerate unabated coal phase-out across the world, building stronger economies and more resilient communities.” Dubai’s Minister of Energy would tend to disagree with Kerry et al claiming that weaning off oil and gas in the next decade is basically impossible. And apparently, Xi Jinping didn’t get the message either and has declared China will BUILD 300 new coal plants.
Meanwhile the US military continues to buy its oil thru a shell company supply that originates from Russia – at a premium. OPEC is in a preliminary meeting to discuss another production cut of 1 million barrels per day on top of the 5 million barrels already agreed upon. The reason? Bump the value – while the US supply narrows to zero.
BlackRock, Invesco and Vanguard are the largest owners of fossil fuel bonds. Over 100 banks also hold these bonds including JP Morgan, UBS, Credit Suisse, etc… The purpose of these bonds is to EXPAND fossil fuel projects and production. AH.
At the Climate Summit is BlackRock CEO, Larry Fink, whose Sustainable Energy Fund is limping along valued at $2.5 billion – 70% of which is actually invested in sustainable energy… The past three months saw the fund’s share price tank by 19.7%. By contrast, BlackRock’s Fossil Fuel investments are valued at closer to $250 to $270 billion extending positions in coal and oil companies this past year.
As I have stated over and over again – NO ONE has taken up the issue regarding all other products made using petroleum, including; medicines, clothing, shoes, tires, toys, appliances, cosmetics, jetfuel, wax, all vehicles, dentures, computers, roads… Then there is the obvious – Fossil Fuels are necessary to produce wind turbines, solar panels, and ‘nuclear reactors’. There is absolutely no alternative even proposed for these thousands of products – instead the focus is simply ‘cars’ and residential appliances.
The Green Fund and Green Financing are flush in billions of unspent funds because the funds are used to back micro-financed loans to undeveloped countries at usury interest topping 100% rates. Those loans would not be necessary if Africa owned its resources. If Africa were to be allowed to prosper. If Africans were to realize the theft of their resources on the backs of slaves.
The Cabal is the global evolution of The Mafia. Loan Sharks are now – micro-financing. Extortion is now Epstein Client List. Drug Trafficking is now the CIA. Gambling is now Las Vegas. Unions are lobbyists. And protection rackets are the FBI. The Five Family’s of The Mafia are now The Five Eyes “intelligence alliance” Treaty which includes US, UK, Australia, New Zealand and Canada. The Five Eyes are NOT subject to laws, restrictions or regulations. Hit Lists are now Patriot Traitors.
The Mafia as we were led to believe was dismantled in the 1980’s with most members killed or sent to prison. We were told. But maybe, just like the Nazi Scientists of WWII, these crime families were simply spirited away to Argentina, or given new identities in the US and EU. Like Osama bin Laden… who purportedly was trained by the CIA to wreak havoc on – Russia. Or ISIS, purportedly created by the Mossad to wipe out sharia nations…
Given the MASSIVE amount of false, deceptive, and outright FAKE information peddled by our governments, NO Conspiracy can be denied. Including the need to vaporize fossil fuels for the plebes – while ramping up elite investments…