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Drudge Retort: The Other Side of the News
Saturday, March 22, 2025

... We find a useful referee in this war of words with the recently released Eye on the Market 15th Annual Energy Paper by Michael Cembalest, J. P. Morgan's chairman of market and investment strategy. As this 70-slide, deep-dive report pointedly notes, "after $9 trillion globally over the last decade spent on wind, solar, electric vehicles, energy storage, electrified heat and power grids, the renewable transition is still a linear one; the renewable share of final energy consumption is slowly advancing at 0.3%"0.6% per year [emphasis added]." One does not need a mathematics degree to understand that such anemic growth rates are not the hallmarks of an "unstoppable" juggernaut. Hence, Cembalest's bottom line: "Growth in fossil fuel consumption is slowing but no clear sign of a peak on a global basis." That is to say, no "energy transition" is in sight

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We need more energy than ever before, especially with the data centers and AI usage and renewables are insufficient for the task. They are find asa a supplemental source, but that is all.

FYI:
PJM is the largest regional grid operator in the US, serving 65 million people in the eastern part of the country. PJM recently announced that it could face a capacity shortage as early as 2026. To date, the grid operator has undertaken a complex set of actions to address its challenges, with more efforts on the way.Jan 28, 2025

The US faces a growing risk of brownouts and blackouts due to factors like increased electricity demand and the aging or closing of fossil fuel power plants, particularly during extreme weather events.

#1 | Posted by MSgt at 2025-03-22 05:24 PM | Reply

#1. Fortunately in a surprisingly bipartisan fashion Congress passed appropriations for new nuclear power plants and Biden signed it.

#2 | Posted by BellRinger at 2025-03-22 06:10 PM | Reply

Wouldn't you know it. Jeff posts a pro oil and gas propaganda piece. Not surprisingly however.

#3 | Posted by LauraMohr at 2025-03-22 06:15 PM | Reply | Newsworthy 1

We don't even have a national energy policy. Haven't for fifty years.

Of course we'll never have a national energy transition. There's no leadership.

#4 | Posted by snoofy at 2025-03-22 06:42 PM | Reply

#3. Of course I did nothing of the sort but you can't be bothered to read the linked article, so ...

#5 | Posted by BellRinger at 2025-03-22 07:37 PM | Reply

I think there's a decent chance we'll see net power fusion energy in the next hundred years.

Source: my keister.

#6 | Posted by censored at 2025-03-22 08:48 PM | Reply

"History will likely record the elimination of government largesse in pursuit of an impossible energy transition as a kind of transition itself."

I somewhat agree.
It marks the elimination of American global leadership on things like alternative energy.
That's not good for the American economy, but Republicans either don't know or don't care, and they won't say which.

#7 | Posted by snoofy at 2025-03-22 09:03 PM | Reply

Mark P. Mills is a City Journal contributing editor and the executive director of the National Center for Energy Analytics.

Mark is the Executive Director of the National Center for Energy Analytics, a distinguished senior fellow at the Texas Public Policy Foundation, a contributing editor at City Journal, a faculty fellow at Northwestern University's school of engineering, and co-founding partner in Montrose Lane. His online PragerU videos have been viewed over 10 million times.

Hahah PragerU.

#8 | Posted by snoofy at 2025-03-22 09:13 PM | Reply

Anywah, this is the axe this fossil fuel think tank has to grind. This is from their fancifully named "Energy Delusions" page. They don't like the IEA global forecast for fossil fuels, because it doesn't show growth, it shows a leveling off and eventual decrease:

"It is fanciful to forecast that, over the next half-dozen years, the growth in the world's population and economy won't continue a two-century-long trend and lead to increased use of the fossil fuels that today supply over 80% of all energy, only slightly below the share seen 50 years ago."

You can argue that all you want. It's a valid point that countries aren't hitting their Paris targets. It's also a valid point that there really might not be a whole lot of economic growth globally in the next five or ten years.

#9 | Posted by snoofy at 2025-03-22 09:18 PM | Reply

It marks the elimination of American global leadership on things like alternative energy.

No, the end of Solyndra did.

#10 | Posted by oneironaut at 2025-03-22 10:50 PM | Reply

That's not good for the American economy

Nuclear is the best "alternative energy" form.

#11 | Posted by oneironaut at 2025-03-22 10:50 PM | Reply

IAMRUNT, is 15% unemployment good for the economy?

#12 | Posted by reinheitsgebot at 2025-03-22 11:09 PM | Reply

Nuclear is the best "alternative energy" form.

Posted by oneironaut at 2025-03-22 10:50 PM | Reply

No actually it's not. Wind and solar are the best alternative energy sources followed by geothermal. Just sayin

#13 | Posted by LauraMohr at 2025-03-22 11:09 PM | Reply

"Nuclear is the best "alternative energy" form."

Well, yeah...as long as you avoid the back half of the equation.

Or should I say back half-life...?

As it is, you can't even complete the back half, as in, what's the bottom-line cost for storing the spent schhittt?

#14 | Posted by Danforth at 2025-03-22 11:48 PM | Reply

...cost for storing the spent schhittt?

Can just dump it in the Gulf of America for free now.

#15 | Posted by REDIAL at 2025-03-23 01:33 AM | Reply

"Nuclear is the best "alternative energy" form."

It makes for the best video games.

There's no video game series about what happens after a catastrophic solar power plant failure.

#16 | Posted by snoofy at 2025-03-23 08:57 AM | Reply

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