Good morning; here's what the Oilman has for you today:

• The Never-Ending Costs of the “Energy Transition”

• Anti-Renewable Rebellion Brews in Rural America

• Tweet of the Day

The Never-Ending Costs of the “Energy Transition”

During a hearing about the cost of the energy transition, Louisiana Senator John Kennedy wiped the floor with Department of Energy deputy secretary David Turk.

In a matter of minutes, Sen. Kennedy managed to reveal that even the DoE has no idea how much the transition will cost – and whether it will have any impact on emissions.

How much is it going to cost? Nobody knows.

“It’s going to cost trillions, but it’s going to cost tens of trillions if we don’t do it.”

That’s how Turk responded to Sen. Kennedy’s question about the price tag of net zero.

The “it’s gonna cost us a lot, but it will be MORE if we don’t do it” is now standard practice.

It’s been a massively successful scare tactic…

And it was hilarious to watch Turk squirm as Senator Kennedy continued to press for at least some approximation of an estimate of what the transition was going to cost.

He finally agreed that $50 trillion is in the ballpark.

Which means the transition itself will cost tens of trillions… which is as much as what he said failing to transition will cost.

Confused yet?

“It’s gonna save us money, and it’s gonna create lots of jobs.”

Did you know that Scottish media recently reported offshore wind only delivered a tenth of the jobs promised by ministers?

One-tenth.

And guess what? It’s not just the Scots waking up. There are simply not that many jobs in wind and solar. There can’t be because of how wind and solar work.

And emissions?

Turk squirmed again when Kennedy pressed him on the actual effect net zero would have on global temperatures. It’s worth the watch, but here’s the gist:

“You don't know, do you? You want us to spend $50 trillion, and you don't have the slightest idea whether it's going to reduce world temperatures.”

And that, folks, is the essence of the net-zero push.

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Anti-Renewable Rebellion Brews In Rural America

States and local authorities are locked in a race to attract low-carbon energy investments under the IRA, but they are facing a challenge: local communities.

Across the U.S., the residents of some of the tastiest transition morsels are saying, “Enough.”

Take those billions and shove them

More than 20 counties in Kansas have placed bans on new wind and solar development.

In New Jersey, a small coastal community is fighting a cable meant to transmit electricity from an offshore wind power farm to the land.

In Texas, tension is growing among the locals about the effect on wind turbine expansion on local ecosystems.

The list is growing. The Oilman would bet those in Washington didn’t see this coming.

As if it wasn’t obvious.

NIMBY is real, and it’s not some hypocritical whim.

It’s a genuine concern about nature and the land that these people rely on for income.

Can the transition end before it even starts properly?

Those trillions in low-carbon investments that the White House and company like to wave around may never materialize.

That is, not if communities continue to oppose new wind and solar projects.

They will continue to oppose them because these “renewables” take up a massive amount of space.

And they’re going to take up even more.

See this from the WSJ:

“In Michigan, a typical solar project once covered 60 acres but now would take up 1,200 [acres],” said Sarah Mills, a senior project manager at the University of Michigan’s Graham Sustainability Institute.”

Yeah, they didn’t mention this in the advertising campaign, did they?

In a few years, oil rigs will probably be back in fashion – they take up a lot less space, after all.

Not to mention the amount of energy they extract is orders of magnitude greater than the energy electricity generated by those acres of solar panels.

Around the Global Patch

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🇮🇷 Iran boosts trade ties with BRICS countries.

Tweet of the Day

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