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naturalgasbad

@ naturalgasbad @lemmy.ca

Posts
202
Comments
448
Joined
2 yr. ago

  • Ford to spend $3 billion to expand large truck production to a Canadian plant previously set for EVs

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  • Yeah fuck Canada ig

    Edit: just to clarify, the Canadian government gave them more than half a billion for the EV retrofit. Guess that's all money pissed into the wind now.

  • Biden administration to award nearly $1.1 billion to Stellantis, GM for EV production

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  • It's not subsidized though guys don't worry

  • China's subsidies create, not destroy, value

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  • To celebrate Tesla’s US$788 billion market cap in comparison to BYD’s $93 billion is to confuse incentives with outcomes. Both companies receive generous tax breaks and other government goodies. That Tesla is far more profitable than BYD while EVs have far less market penetration in the US is evidence of policy failure, not Elon Musk’s brilliance. Tesla pocketed the incentives while BYD (and competitors) delivered outcomes.

    What we want from the butcher, the brewer and the baker are beef, beer and bread, not for them to be fabulously wealthy shop owners. What China wants from BYD and Jinko Solar (and the US from Tesla and First Solar) should be affordable EVs and solar panels, not trillion-dollar market-cap stocks. In fact, mega-cap valuations indicate that something has gone seriously awry. Do we really want tech billionaires or do we really want tech?

  • Biden Confuses Kamala Harris for Trump, Zelenskiy for Putin at NATO Summit

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  • Putin can wax lyrical about Russian history going back millenia without notes. Biden can...

  • Biden Confuses Kamala Harris for Trump, Zelenskiy for Putin at NATO Summit

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  • A recession typically follows after interest rates come down (interest rate cuts are a leading indicator of a recession because the Fed is usually too slow to cut).

  • BP predicts global oil demand will peak in 2025, bringing to end rising emissions

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  • Meanwhile US O&G:

  • EU Commission clears Romania’s plans to build two new nuclear reactors

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  • They're CANDU designs, so probably SNC-Lavalin?

  • World News @lemmy.ml
    naturalgasbad @lemmy.ca

    French elections: Far-right candidate to withdraw after Nazi cap picture emerges

    www.lemonde.fr /en/france/article/2024/07/02/french-elections-far-right-candidate-to-withdraw-after-nazi-cap-picture-emerges_6676421_7.html
  • World News @lemmy.ml
    naturalgasbad @lemmy.ca

    Saudi Arabia announces discovery of seven oil, gas deposits

    www.reuters.com /world/middle-east/saudi-energy-minister-announces-discovery-multiple-oil-gas-fields-2024-07-01/
  • World News @lemmy.ml
    naturalgasbad @lemmy.ca

    China to see biggest millionaire exodus in 2024 as many head to U.S.

    asia.nikkei.com /Business/Markets/Wealth-Management/China-to-see-biggest-millionaire-exodus-in-2024-as-many-head-to-U.S
  • World News @lemmy.ml
    naturalgasbad @lemmy.ca

    China calls on scientists of all nations to study lunar samples, but notes obstacle with the US

    apnews.com /article/china-change-6-moon-samples-probe-nasa-c8aa729d0e026349231a05914f9f69f4

  • 'You can't kill all of us': Kenya protesters vow to march again as authorities kill 22

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  • This is where China's "debt trap diplomacy" might actually be beneficial for Kenya...

    China's loans serve to improve the top-line (economic growth), and China's loan concessions don't affect that. When Kenya puts Mombasa Port's 50-year operating and port fees up for collateral, that's a hit on the bottom line (Kenya's government revenues) but does not change the fact that the port still exists to drive economic growth. Moreover, often the short-term hit in port revenues is less than the interest that would've been paid on the loan, so these collateralized loans are often cashflow neutral or even cashflow positive to default on.

    The IMF and World Bank are more focused on padding the bottom line (tax revenues) by increasing taxes and decreasing subsidies. What an insane policy.

    If a country can't grow, how can you expect it to pay off it's loans? The entire principle of government loans in the 21st century is that GDP growth makes loans progressively less expensive. The IMF and World Bank exist only to keep developing countries poor.

  • World News @lemmy.ml
    naturalgasbad @lemmy.ca

    How light can vaporize water without the need for heat | MIT

    news.mit.edu /2024/how-light-can-vaporize-water-without-heat-0423
  • World News @lemmy.ml
    naturalgasbad @lemmy.ca

    Italy’s Meloni denounces ‘ideological madness’ of EU ban on gas and diesel cars

    www.politico.eu /article/italys-meloni-denounces-ideological-madness-of-eu-ban-on-gas-and-diesel-cars/
  • World News @lemmy.ml
    naturalgasbad @lemmy.ca

    Is Natural Gas a Fossil Fuel Trap or a Bridge to Clean Energy?

    www.bloomberg.com /news/features/2024-06-26/is-natural-gas-a-fossil-fuel-trap-or-a-bridge-to-clean-energy

  • BYD releases 5th-generation hybrid car technology with 2,100-km range

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  • Well, the trade war is also a factor, but what I'm saying is that Chinese government policy is what's keeping EV manufacturers from selling abroad. The EV supply chain has gotten so robust and cost-efficient in China that the government has to bribe manufacturers to focus their efforts on the domestic market instead of just eating the cake of everyone else.

  • US Olympic and other teams will bring their own AC units to Paris, undercutting environmental plan

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  • You didn't have to inject your pedantry everywhere either over 10% losses, and yet here we are.

  • US Olympic and other teams will bring their own AC units to Paris, undercutting environmental plan

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  • AC/DC converter losses are on the order of 10%. Negligible, and don't change the point. Your pedantry is noted and ignored.

  • BYD releases 5th-generation hybrid car technology with 2,100-km range

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  • Every single Chinese EV manufacturer wants to go make sales abroad because the price war in China makes profits barely attainable, but government policy and subsidies keep sales within the country.

  • BYD releases 5th-generation hybrid car technology with 2,100-km range

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  • The open secret is that China's EV subsidies are designed to keep sales within the country, because otherwise Chinese EV companies could make obscenely higher margins selling overseas.

    The BYD Seagull ($9700 in China) is being sold as the BYD Dolphin Mini in Mexico... For $21000.

    The BYD Seal U (€19400 in China) is being sold in Germany for €41990.

  • World News @lemmy.ml
    naturalgasbad @lemmy.ca

    BYD releases 5th-generation hybrid car technology with 2,100-km range

    www.chinadaily.com.cn /a/202405/30/WS6657e2d6a31082fc043c9fd9.html

  • Kenya designated as a major non-NATO ally of the US

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  • Sanders could've won against Trump in 2016 and he could've won against in 2020. Yet, here we are in 2024...

  • Taiwan's Lai needs to rethink nuclear shutdown plan

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  • Lai is a short-sighted idiot that would rather be dependent on external seaborne LNG imports than maintain any degree of energy independence with nuclear.

    I don't think I need to say anything about how bad natural gas is.

  • World News @lemmy.ml
    naturalgasbad @lemmy.ca

    Taiwan's Lai needs to rethink nuclear shutdown plan

    asia.nikkei.com /Opinion/Taiwan-s-Lai-needs-to-rethink-nuclear-shutdown-plan
  • World News @lemmy.ml
    naturalgasbad @lemmy.ca

    There Are 63 'Problem Banks' and $517 Billion in Unrealized Losses in the US: FDIC

    www.businessinsider.com /63-problem-banks-517-billion-unrealized-losses-fdic-interest-rates-2024-6

  • "There are not and cannot be any "beaches", "tourist zones" and other fictitious signs of "peaceful life" in #Crimea" - Mikhailo Podolyak, adviser to Ukrainian President

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  • How much internal migration between Crimea and other regions has there been? The population of Crima has hovered around 2 million for decades.

  • ‘The time is right’ for US to catch up on high-speed rail, says British Amtrak exec

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  • Dividing America by building infrastructure instead of dumping trillions of dollars into the next military superproject.

  • How the automobile industry turned us into SUV drivers

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  • I shouldn't need to say that not only natural gas bad, but oil also bad

  • World News @lemmy.ml
    naturalgasbad @lemmy.ca

    How the automobile industry turned us into SUV drivers

    www.cbc.ca /news/suv-small-car-affordable-1.7239768

  • ‘The time is right’ for US to catch up on high-speed rail, says British Amtrak exec

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  • I'm cautiously optimistic that the burger empire will embrace HSR like the rest of the advanced world. America's competition is no longer the Soviet Union, but China.

  • World News @lemmy.ml
    naturalgasbad @lemmy.ca

    ‘The time is right’ for US to catch up on high-speed rail, says British Amtrak exec

    www.theguardian.com /environment/article/2024/jun/16/high-speed-rail-amtrak
  • World News @lemmy.ml
    naturalgasbad @lemmy.ca

    Three missing after heavy storms cause landslide in Switzerland

    www.euronews.com /2024/06/22/switzerland-hit-by-floods-as-residents-and-tourists-on-high-alert
  • World News @lemmy.ml
    naturalgasbad @lemmy.ca

    Hydro-Quebec plans to charge higher rates for large homes that use 'excessive' amount of electricity

    montreal.ctvnews.ca /hydro-quebec-plans-to-charge-higher-rates-for-large-homes-that-use-excessive-amount-of-electricity-1.6936584
  • World News @lemmy.ml
    naturalgasbad @lemmy.ca

    Why intense heat waves are more likely because of climate change

    www.washingtonpost.com /climate-environment/2024/06/22/deadly-heat-wave-climate-change/
  • World News @lemmy.ml
    naturalgasbad @lemmy.ca

    US Olympic and other teams will bring their own AC units to Paris, undercutting environmental plan

    apnews.com /article/olympics-air-conditioning-paris-0f753df91956f3fe61ad4febaff0ebb9
  • World News @lemmy.ml
    naturalgasbad @lemmy.ca

    Iran smuggles two Airbus A340 planes from Lithuania, evading sanctions

  • World News @lemmy.ml
    naturalgasbad @lemmy.ca

    China spent $230 billion to build its electric car industry, CSIS says

    www.cnbc.com /2024/06/21/china-spent-230-billion-to-build-its-electric-car-industry-csis-says.html
  • World News @lemmy.ml
    naturalgasbad @lemmy.ca

    China's commercial 'artificial sun' achieves first discharge

    www.globaltimes.cn /page/202406/1314447.shtml
  • World News @lemmy.ml
    naturalgasbad @lemmy.ca

    EU used anti-subsidy probe to 'snoop' on Chinese EV makers, report says

    www.yicaiglobal.com /news/china-accuses-eu-of-asking-unnecessary-info-during-anti-subsidy-probe-on-chinese-ev-makers