Here’s the Climate Dissent You’re Not Hearing About Because It’s Muffled by Society’s Top Institutions

Energy News Beat

As the Biden administration and governments worldwide make massive commitments to rapidly decarbonize the global economy, the persistent effort to silence climate change skeptics is intensifying – and the critics keep pushing back. 

This summer the International Monetary Fund summarily canceled a presentation by John Clauser, a Nobel Prize-winning physicist who publicly disavows the existence of a climate “crisis.” The head of the nonprofit with which Clauser is affiliated, the CO2 Coalition, has said he and other members have been delisted from LinkedIn for their dissident views.  

Meanwhile, a top academic journal retracted published research doubting a climate emergency after negative coverage in legacy media. The move was decried by another prominent climate dissenter, Roger Pielke Jr., as “one of the most egregious failures of scientific publishing that I have seen” – criticism muffled because the academic says he has been blocked on Twitter (now X) by reporters on the climate beat. 

The climate dissenters are pressing their case as President Biden, United Nations officials, and climate action advocates in media and academia argue that the “settled science” demands a wholesale societal transformation. That means halving U.S. carbon emissions by 2035 and achieving net zero emissions by 2050 to stave off the “existential threat” of human-induced climate change. 

In response last month, more than 1,600 scientists, among them two Nobel physics laureates, Clauser and Ivar Giaever of Norway, signed a declaration stating that there is no climate emergency, and that climate advocacy has devolved into mass hysteria. The skeptics say the radical transformation of entire societies is marching forth without a full debate, based on dubious scientific claims amplified by knee-jerk journalism.  

Many of these climate skeptics reject the optimistic scenarios of economic prosperity promised by advocates of a net-zero world order. They say the global emissions-reduction targets are not achievable on such an accelerated timetable without lowering living standards and unleashing worldwide political unrest.  

“What advocates of climate action are trying to do is scare the bejesus out of the public so they’ll think we need to [act] fast,” said Steven Koonin, author of “Unsettled: What Climate Science Tells Us, What It Doesn’t, and Why It Matters.”  

“You have to balance the certainties and uncertainties of the changing climate – the risks and hazards – against many other factors,” he adds. 

These dissenters don’t all agree on all scientific questions and do not speak in a single voice. Clauser, for example, is a self-styled “climate denialist” who believes climate is regulated by clouds, while Pielke, a political scientist at the University of Colorado in Boulder, and Bjørn Lomborg, the former director of the Danish Environmental Assessment Institute, acknowledge humans are affecting the climate but say there is sufficient time to adapt. The dissenters do, however, agree that the public and government officials are getting a one-sided, apocalyptic account that stokes fear, politicizes science, misuses climate modeling, and shuts down debate.  

They also say it is a troubling sign for scientific integrity that they are systematically sidelined and diminished by government funding agencies, foundation grant-makers, academic journals, and much of the media. Delving into their claims, RealClearInvestigations reviewed a sampling of their books, articles, and podcast interviews. This loose coalition of writers and thinkers acknowledges that the climate is warming, but they typically ascribe as much, if not more, influence to natural cycles and climate variability than to human activities, such as burning fossil fuel.  

Among their arguments:  

• There is no climate crisis or existential threat as expressed in catastrophic predictions by activists in the media and academia. As global temperatures gradually increase, human societies will need to make adjustments in the coming century, just as societies have adapted to earlier climate changes. By and large, humans cannot control the climate, which Pielke describes as “the fanciful idea that emissions are a disaster control knob.” 

• Global temperatures are increasing incrementally, and have been for centuries, but the degree of human influence is uncertain or negligible. Climate skeptics themselves don’t agree on how much humans are contributing to global warming by burning fossil fuels, and how much is caused by natural variability from El Niño and other cycles that can take centuries to play out. “The real question is not whether the globe has warmed recently,” writes Koonin, “but rather to what extent this warming is being caused by humans.” 

• Rapidly replacing fossil fuels with renewables and electricity by mid-century would be economically risky and may have a negligible effect on global warming. Some say mitigation decrees – such as phasing out the combustion engine and banning gas stoves – are not likely to prevent climate change because humans play a minor role in global climate trends. Others say mitigation is necessary but won’t happen without capable replacement technologies. It’s unrealistic, they say, to force societies to rely on intermittent energy from wind and solar, or wager the future on technologies that are still in experimental stages.   

• The global political push to kill the fossil fuel industry to get to “net zero” and “carbon neutrality” by 2050, as advocated by the United Nations and the Biden administration, will erase millions of jobs and raise energy costs, leading to a prolonged economic depression and political instability. The result would be that developing regions will pay the highest price, while the biggest polluters (China and India) and hostile nations (like Russia and Iran) will simply ignore the net-zero mandate. This could be a case where the cure could be worse than the disease.  

• Despite the common refrain in the media, there is no evidence that a gradually warming planet is affecting the frequency or intensity of hurricanes, storms, droughts, rainfall, or other weather events. The United Nations’ Intergovernmental Panel on Climate Change has expressed low confidence such weather events can be linked to human activities. Still, “it is a fertile field for cherry pickers,” notes Pielke 

• Extreme weather events, such as wildfires and flooding, are not claiming more human lives than previously. The human death toll is largely caused by cold weather, which accounts for eight times as many deaths as hot weather, and overall weather-related mortality has fallen by about 99% in the past century. “People are safer from climate-related disasters than ever before,” statistician and author Bjørn Lomborg has said. 

• Climate science has been hijacked and politicized by activists, creating a culture of self-censorship that’s enforced by a code of silence that Koonin likens to the Mafia’s omerta. In her 2023 book, “Climate Uncertainty and Risk,” climatologist Judith Curry asks: “How many skeptical papers were not published by activist editorial boards? How many published papers have buried results in order to avoid highlighting findings that conflict with preferred narratives? I am aware of anecdotal examples of each of these actions, but the total number is unknowable.” 

• Slogans such as “follow the science” and “scientific consensus” are misleading and disingenuous. There is no consensus on many key questions, such as the urgency to cease and desist burning fossil fuels, or the accuracy of computer modeling predictions of future global temperatures. The apparent consensus of imminent disaster is manufactured through peer pressure, intimidation, and research funding priorities, based on the conviction that “noble lies,” “consensus entrepreneurship,” and “stealth advocacy” are necessary to save humanity from itself. “One day PhD dissertations will be written about our current moment of apocalyptic panic,” Pielke predicts 

• The warming of the planet is a complicated phenomenon that will cause some disruptions but will also bring benefits, particularly in agricultural yields and increased vegetation. Some climate skeptics, including the CO2 Coalition, say CO2 is not a pollutant – it is “plant food.”  

Curry, the former Chair of Earth and Atmospheric Sciences at the Georgia Institute of Technology, expresses a common theme among the climate refuseniks: that they are the sane, rational voices in a maelstrom of quasi-religious mania.  

“In the 1500s, they used to drown witches in Europe because they blamed them for bad weather. You had the pagan people trying to appease the gods with sacrifices,” Curry said. “What we’re doing now is like a pseudoscientific version of that, and it’s no more effective than those other strategies.’ 

The climate change establishment occasionally concedes some of these points. No less an authority than the newly appointed head of the UN’s Intergovernmental Panel on Climate Change has urged the climate community to cool its jets: “If you constantly communicate the message that we are all doomed to extinction, then that paralyzes people and prevents them from taking the necessary steps to get a grip on climate change,” Jim Skea recently said to German media. “The world won’t end if it warms by more than 1.5 degrees [centigrade]. It will however be a more dangerous world.”  

In testimony before the Senate Budget Committee in June, Pielke said human-caused climate change is real and “poses significant risks to society and the environment.” But the science does not paint a dystopian, catastrophic scenario of imminent doom, he added.  

“Today, there is general agreement that our current media environment and political discourse are rife with misinformation,” Pielke testified. “If there is just one sentence that you take from my testimony today it is this: You are being misinformed.” 

Still, the overwhelming impression conveyed is one of impending disaster, with the menace of global warming rhetorically upgraded in July by U.N. Secretary-General António Guterres to “global boiling.” Climate scientists announced in July that the planet is the hottest it’s been in 120,000 years, an old claim that gets recycled every few years. Meanwhile, three vice-chairs of the Intergovernmental Panel on Climate Change warned of mass starvation, extinction, and disasters, saying that if the temperature rises 1.5℃ above pre-industrial levels, “children under 12 will experience a fourfold increase in natural disasters in their lifetime, and up to 14% of all species assessed will likely face a very high risk of extinction.”  

Many of these predictions are based on computer models and computer simulations that Pielke, Koonin, Curry, and others have decried as totally implausible. Koonin’s book suggests that some computer models may be “cooking the books” to achieve desired outcomes, while Pielke has decried faulty scenarios as “one of the most significant failures of scientific integrity in the twenty-first  century thus far.” Curry writes in her book that the primary inadequacy of climate models is their limited ability to predict the kinds of natural climate fluctuations that cause ice ages and warming periods, and play out over decades, centuries, or even millennia.  

Another critique is the use of computer models to correlate extreme weather events to multi-decade climate trends in an attempt to show that the weather was caused by climate, a branch of climate science called climate attribution studiesThis type of research is used to bolster claims that the frequency and intensity of heat waves, floods, hurricanes, and other extreme weather events could not have happened without climate change. An example is research recently cited by the BBC in an article warning that if the global temperature rises another 0.9 centigrade, crippling heat waves that were once exceedingly rare will bake the world every two-to-five years.  

One question looms: Does a warming climate contribute to heat records and heat waves, such as those that were widely reported in July as the hottest month on record and taken as overwhelming proof that humans are overheating the planet? The United States experienced extreme heat waves in the 1930s, and the recent spikes are not without precedent, climate dissenters say. Pielke, however,  concedes that IPCC data signal that increases in heat extremes and heat waves are virtually certain, but he argues that the societal impacts will be manageable.  

Koonin and Curry say that the global heat spikes in July were likely caused by a multiplicity of factors, including an underwater Hunga Tonga-Hunga Ha’apai volcanic explosion last year that increased upper atmosphere water vapor by about 10%, a relevant fact because water vapor acts as a greenhouse gas. Another factor is the warming effect of the El Niño-Southern Oscillation, which has shifted to an active phase recently.  

Koonin says that greenhouse gas emissions are a gradual trend on which weather anomalies play out, and while it’s tempting to confuse weather with climate, it would be a mistake to blame July’s heat waves on human influence.  

“The anomaly is about as large as we’ve ever seen, but not unprecedented,” Koonin explained on a podcast. “Now, what the real question is, why did it spike so much? Nothing to do with CO2 – CO2 is … the base on which this phenomenon occurs.” 

Climate dissent comes with the occupational hazard of being tarred as a propagandist and stooge for “Big Oil.” Pielke was one of seven academics investigated by a U.S. Congressman in 2015 for allegedly failing to report funding from fossil fuel interests (He was cleared). A New York Times review of Lomborg’s 2020 book, “False Alarm,” described it as “mind pollution.” 

Climate advocates see climate skepticism as so dangerous that Ben Santer, one of the world’s leading climate scientists, publicly cut ties with Lawrence Livermore National Laboratory two years ago after the federal research facility invited Koonin to discuss his skeptical book, “Unsettled.” Santer, a MacArthur “genius” grant recipient, said allowing Koonin’s views to go unchallenged undermined the credibility and integrity of climate science research. For similar reasons, the IMF postponed Clauser’s July presentation so that it could be rescheduled as a debate.  

Another critique: scientists arbitrarily forcing the facts to fit a prescribed catastrophic narrative, often by ignoring plausible alternative explanations and relevant factors. That’s what climate scientist Patrick Brown said he had to do to get published in the prestigious journal Nature, by attributing wildfires to climate change and ignoring other factors, like poor forest management and the startling fact that over 80% of wildfires are ignited by humans. Brown publicly confessed to this sleight-of-hand in a recent article in The Free Press.  

“This type of framing, with the influence of climate change unrealistically considered in isolation, is the norm for high-profile research papers,” Brown wrote. “When I had previously attempted to deviate from the formula, my papers were rejected out of hand by the editors of distinguished journals, and I had to settle for less prestigious outlets.” 

These frustrations serve as a reminder that the world has entered what the United Nations and climate advocates call the make-or-break decade that will decide how much the Earth’s temperature will rise above pre-industrial levels. This decisive phase is “unfolding now and will intensify during the next several years,” according to Rice University researchers. “Accordingly, what happens between now and the late 2020s, in all likelihood, will fundamentally determine the failure or success of an accelerated energy transition.” 

In response to this call for global action, political leaders in Europe and North America are vowing to reengineer their societies to run on wind, solar, and hydrogen. In this country, California is among a dozen states that have moved to ban the sale of new gasoline-engine cars in 2035, while states like Virginia and North Carolina have committed to carbon-free power grids by mid-century.  

In the most detailed net-zero roadmap to date, the International Energy Agency in 2021 identified more than 400 milestones that would have to be met to achieve a net-zero planet by mid-century, including the immediate cessation of oil and gas exploration and drilling, and mandated austerity measures such as reducing highway speed limits, limiting temperature settings in private homes, and eating less meat.  

In the IEA’s net zero scenario, global energy use will decline by 8% through energy efficiency even as the world’s population adds 2 billion people and the economy grows a whopping 40%. In this scenario, all the nations of the world – including China, India, Russia, and Saudi Arabia – would have to commit to a net-zero future, generating 14 million jobs to create a new energy infrastructure. Nearly half the slated emissions reductions will have to come from experimental technologies currently in demonstration or prototype stages, such as hydrogen, bioenergy, carbon capture, and modular nuclear reactors. Reading this bracing outlook, one could almost overlook the IEA’s caveat that relying on solar and wind for nearly 70% of electricity generation would cause retail electricity prices to increase by 50% on average and destroy 5 million jobs, of which “many are well paid, meaning structural changes can cause shocks for communities with impacts that persist over time.”  

A critique of the IEA’s scenario issued this year by the Energy Policy Research Foundation, a think tank that specializes in oil, gas, and petroleum products, warned of “massive supply shocks” if oil supplies are artificially suppressed to meet arbitrary net zero targets. The report further stated that “if the world stays committed to net zero regardless of high costs – the recession will turn into an extended depression and ultimately impose radical negative changes upon modern civilization.” (Disclosure: The report was commissioned by the RealClearFoundation, the nonprofit parent of RealClearInvestigations.) 

Already, societies have fallen behind their emissions reduction targets, and it’s widely understood that fast-tracking net zero is an unattainable goal. Transforming existing energy infrastructures within several decades would require installing the equivalent of the world’s largest solar farm every day, according to the International Energy Agency. Carbon-free energy accounts for only 18% of total global consumption, and fossil fuels are still increasing, according to a recent analysisThe IEA reported this year that investments in oil exploration and drilling have rebounded to pre-pandemic levels, while global coal demand reached an all-time high last year. Globally nations are spending more on clean energy than on fossil fuels, but fossil fuels are still vital to economic growth; for instance, the IEA noted that 40 gigawatts of new coal plants were approved in 2022, the highest figure since 2016, almost all of them in China.  

“We live in this world of exaggerated promises and delusional pop science,” Vaclav Smil, the University of Manitoba environmental scientist and policy analyst, told The New York Times last year. “People don’t appreciate the magnitude of the task and are setting up artificial deadlines which are unrealistic.” 

A government push to reduce greenhouse gas emissions by cutting back on livestock farming has led to public protests in the Netherlands, a conflict over resources that Time magazine predicts will spread elsewhere: “This may be just the beginning of much wider global unrest over agriculture. Scientists say dealing with climate change will require not just gradual reform, but a rapid, wholesale transformation of the global food system.”  

Climate dissidents say what happened in the Netherlands is a foretaste of the political backlash that is inevitable when net-zero policies start becoming implemented and people have to travel across state lines to buy a gasoline-powered car.  

“The urgency is the stupidest part of the whole thing – that we need to act now with all these made-up targets,” Curry said. “The transition risk is far greater than any conceivable climate or weather risk.” 

To Koonin, these challenges indicate that the catastrophic climate narrative will collapse when put to the test of practicality and politics. The more sensible route, he said, is a slow-and-steady approach.  

“There’s going to be a deep examination of science and the cost-benefit issues,” he said. “We will eventually do the right thing, but it’s going to take a decade or so.” 

Source: Realclearwire.com

1031 Exchange E-Book

ENB Top News 
ENB
Energy Dashboard
ENB Podcast
ENB Substack

The post Here’s the Climate Dissent You’re Not Hearing About Because It’s Muffled by Society’s Top Institutions appeared first on Energy News Beat.

 

ENERGY TRANSITION EPISODE 92 -Filmed Live On YouTube on January 2, 2024

Energy News Beat

ENERGY TRANSITION EPISODE #92 – Energy Trends in 2024

Highlights of the podcast:

 

 

The Podcast Hosts for The Energy Transition

Energy Thought Leader, Podcast Host, Curitiba, Parana, Brazil
International Author writing about energy, mining, and geopolitical issues. Bulgaria
Principal at DB Energy Advisors, energy author, and podcast host.Principal at DB Energy Advisors, energy author, and podcast host.

Energy Consulting Specialist

Energy Analyst | Economic and Geopolitical Analyst | ExFounder U&I Global | Consultant, Advisor | Commonwealth Scholar

President, and CEO, Sandstone Group, Podcast Host

Blubrry Podcast:

 

 

ENERGY TRANSITION EPISODE #92 – Energy Trends in 2024

 

Sponsorships are available or get your own corporate brand produced by Sandstone Media.

David Blackmon LinkedIn

DB Energy Questions 

The Crude Truth with Rey Trevino

Rey Trevino LinkedIn

Energy Transition Weekly Conversation

David Blackmon LinkedIn

Irina Slav LinkedIn

Armando Cavanha LinkedIn

 

ENB Top News

ENB

Energy Dashboard

ENB Podcast

ENB Substack

 

Our Podcast Sponsor

The Sandstone Group.

The post ENERGY TRANSITION EPISODE 92 -Filmed Live On YouTube on January 2, 2024 appeared first on Energy News Beat.

 

Wyoming Company Pioneers Game-Changing Process For Rare Earths, Uranium

Energy News Beat

Casper-based Disa Technologies has a new patented mineral separation process that could have broad application in the mining and extraction sector, but is particularly exciting for rare earths and uranium remediation. It’s another cog in the wheel that’s been turning faster for rare earths and uranium in Wyoming.

The process is largely mechanical, taking advantage of varying degrees of hardness to achieve clean separations in slurry mixtures.

“Imagine like a tennis ball being covered in mud and you’re shooting these tennis balls at each other,” Disa CEO and co-founder Greyson Buckingham told Cowboy State Daily. “What happens when they hit? The mud breaks off, but the tennis balls stay intact. And that’s what we’re doing, effectively just shooting millions of particles at a time at each other.

Since Disa’s patented process generally involves a slurry that makes it a plug-and-play solution for most mining processes, which also involve slurries as part of their extraction process.

“It’s an easy, plug-and-play unit,” Buckingham said. “You don’t really need to make any changes. You would just plug our technology in there.”

Removing non-target materials from the extraction process early on can greatly improve the economics of extraction processes, and that’s where Disa’s process becomes a real winner.

“For example, we’re working on a phosphate project right now, and so the more gangue we can remove, the more that company saves because it’s not having to apply acid to that gangue,” Buckingham said. “So, if we can break most of that stuff off before it goes to the final step, that’s less acid being used.”

That not only makes processes more economic, it’s more sustainable overall, and there’s less acid to dispose of down the line, which is a triple win.

Backpacking Their Way To An Idea

The genesis of Disa, which registered with the Secretary of State’s office in 2010, was a backpacking trip in the Wind River Canyon.

“It was part of our MBA program,” Buckingham explained. “It was a requirement at the time to go on a backpacking trip through the Winds, which was fantastic.”

Co-founder and COO John Lee was one of Buckingham’s tentmates.

“During our reflection time, he and I really had a lot of conversations about what we wanted to do going forward,” Buckingham said. “And we were like, ‘Hey, we would really love to work together as entrepreneurs together.’”

It was Lee’s idea to enter the John P. Ellbogen $30K Entrepreneurship Competition. The duo placed second, bringing home $10,000 to kickstart their company.

The two also entered other kick-starter competitions to help them get capital, and they scrimped and saved any way they could.

“When we started working, I didn’t even take a salary the first few years with the company,” Buckingham said. “Luckily, I had finished almost a 10-year career in the Wyoming Army National Guard, so that kind of helped to pay the bills, and I’m also a licensed attorney.”

Buckingham has joint J.D. and energy management MBA degrees from University of Wyoming in 2018, when they registered Disa. Lee is finishing up a Ph.D. in mining engineering.

After validating their concept, Disa was able to attract investors to try the technology on a larger scale, and also test a number of different materials to figure out their best use-case scenarios.

“As a startup, we tried to avoid, you know, shiny-object syndrome, where it’s like, ‘Oh, let’s go this market, this market, this market,’” Buckingham said. “We needed to focus on top markets, you know, beachhead markets, and really prove out the technology in those specific cases.”

Once that’s been done, the company can branch out into other areas where the technology can be useful.

Casper-based Disa Technologies has developed and patented separation process that can be a game-changer for extracting rare earths and remediating abandoned uranium mines. (Disa Technologies)

Uranium Game-Changer

Disa as a company is already global with a site in Australia and another in Canada, as well as sites across the United States, ranging from Nevada to Alabama, and points in between.

In addition to a recent, highly successful $15 million Series A funding round, Disa is already partnering with six companies on a Department of Energy grant involving its processes. Among this six is a company with a site in Wyoming, Ramaco Resources, which earlier this year announced it has a rich, unconventional deposit of rare earths that’s sandwiching its coal layers at a Sheridan coal mine.

Disa can’t yet say much about the partnership, but Ramaco Resources has previously told Cowboy State Daily that it is seeking alternatives for extracting its rare earths economically.

Disa is also working with the EPA on a study that will determine whether the process is a viable strategy for cleaning up legacy uranium mines.

The EPA is particularly interested in the process for abandoned sites near the Navajo Nation, where there are 523 abandoned uranium mines. Throughout the United States, the agency estimates there are 15,000 abandoned uranium mines.

“These were all mined during the Cold War,” Buckingham said. “And the low-grade uranium and everything else was just left on the surface. So, it’s just been sitting there from the 1950s to the 1980s.”

If proven out, Disa’s analyses suggest its process could be 50% to 80% more effective than existing treatments. That could have major implications for leftover uranium sites in Wyoming, the Four Corners states and other sites where low-grade uranium was mined.

“Uranium is a great example of how our technology works,” Buckingham added. “We’ve tested a dozen different sites, all legacy mine sites, and there’s a quantitative mineral, mostly found in the western U.S. that has a Mohs hardness scale of 2 to 3 and then the underlying sand grain, the quartz, has a Mohs hardness scale of 7.”

The Mohs scale measures a materials relative resistance to scratching. Lower numbers are softer materials, higher numbers are harder. It’s named after its creator, German geologist Friedrich Mohs.

With the waste material and the target material so far apart on the scale, that makes the two components easy to separate, and should allow all the radioactive elements to simply be removed from the abandoned sites.

“If we can remove the uranium, the radium and all those constituents of concern, the benign material can just remain on site,” Buckingham said. “And then that concentrate that has all those constituents of concern can either be recycled or deposed of at a low-level waste facility.”

Source: Cowboystatedaily.com

1031 Exchange E-Book

ENB Top News 
ENB
Energy Dashboard
ENB Podcast
ENB Substack

The post Wyoming Company Pioneers Game-Changing Process For Rare Earths, Uranium appeared first on Energy News Beat.

 

Nobel Prize winner Dr. John F. Clauser signs the Clintel World Climate Declaration

Energy News Beat

John F. Clauser, winner of the 2022 Nobel Prize in Physics for his work on quantum mechanics, has decided to sign the World Climate Declaration of Clintel with its central message “there is no climate emergency”. Clauser is the second Nobel Laureate to sign the  declaration, Dr. Ivar Giaever was the first. The number of scientists and experts signing the World Climate Declaration is growing rapidly and now approaching 1600 people.

Clauser has publicly distanced himself from climate alarmism and this year he also joined the Board of Directors of the CO­2 Coalition. In the announcement by the CO2 Coalition, Clauser was quoted in the following way:

“The popular narrative about climate change reflects a dangerous corruption of science that threatens the world’s economy and the well-being of billions of people. Misguided climate science has metastasized into massive shock-journalistic pseudoscience. In turn, the pseudoscience has become a scapegoat for a wide variety of other unrelated ills. It has been promoted and extended by similarly misguided business marketing agents, politicians, journalists, government agencies, and environmentalists. In my opinion, there is no real climate crisis. There is, however, a very real problem with providing a decent standard of living to the world’s large population and an associated energy crisis. The latter is being unnecessarily exacerbated by what, in my opinion, is incorrect climate science.”

IPCC is spreading dangerous misinformation
In July Clauser gave a talk at the event Quantum Korea 2023. He warned the audience about the growing amount of pseudoscience and misinformation.

“Now I am not alone in observing the dangerous proliferation of pseudoscience. Recently, The Nobel Foundation has formed a new panel to address the issue called the International Panel on Information Environment. They plan to model it after the UN’s International Panel on Climate Change, the IPCC.
I think personally that they are making a big mistake in that effort because in my opinion the IPCC is one of the worst sources of dangerous misinformation. What I’m about to recommend is in furtherance of that, of the aims of that panel. […]

I have a second elephant in the room that I have recently discovered regarding climate change. I believe that climate change is not a crisis. […]

Beware. If you’re doing good science, it may lead you into politically incorrect areas. If you’re a good scientist, you will follow them. I have several I won’t have time to discuss, but I can confidently say there is no real climate crisis and that climate change does not cause extreme weather events.”

As Clintel demonstrated in its recent book The Frozen Climate Views of the IPCC, the IPCC indeed made serious errors in its latest report. Shortly after his talk in Korea the International Monetary Fund (IMF) cancelled a scheduled talk by Clauser about climate models. In an interview with the Epoch Times, Clauser said with respect to climate science: “We are totally awash in pseudoscience”.

Guus Berkhout, emeritus professor of geophysics at the TU Delft and president of Clintel, very much welcomes Professor Clauser to the Clintel Community.

“It’s very encouraging when high profile scientists such as Dr Clauser are willing to speak out about the glaring corruption of science by the climate establishment. We aim to make Clintel a full-fledged counterpart of the IPCC. The more excellent scientists in the Clintel network, the stronger our position in the debate with the IPCC as well as the leaders of supranational policy organisations.”

The Clintel World Climate Declaration was published in 2019, the year Clintel was founded. The strength of the declaration is its accessibility and its powerful message: there is no climate crisis. This holds true regardless of whether you believe in a large or small contribution of CO2 to the warming in the past 150 years. Scientists and experts who want to sign the declaration can submit their request here.

A great way to learn more about the life and work of Dr Clauser is to watch this Nobel Prize interview with him:

Source: Clintel.org

1031 Exchange E-Book

ENB Top News 
ENB
Energy Dashboard
ENB Podcast
ENB Substack

The post Nobel Prize winner Dr. John F. Clauser signs the Clintel World Climate Declaration appeared first on Energy News Beat.

 

OPEC’s Influence on Oil Prices To Remain Significant In 2024

Energy News Beat
Fears of lower demand and rising non-OPEC supply threatens OPEC+ cuts.
U.S. oil producers took everyone by surprise this year by adding 1 million barrels in daily output.
OPEC’s share in the global total may have fallen because of the cuts, but it is still pretty solid at 27% of the total.

At their latest meeting in early December, the Organization of Petroleum Exporting Countries and its partners, led by Russia, agreed to reduce their combined production of crude oil to some 2.2 million barrels daily.

This was the latest in a series of cuts, the bulk of them shouldered by Saudi Arabia, that the cartel made in a bid to push international oil prices further. It is pretty much standard practice for OPEC. But this year, the cuts didn’t work. Reports of OPEC’s waning relevance came back into the spotlight. But just as before, they may turn out to be rather premature.

Reuters reported this week that OPEC was about to face lower demand for its crude in the first half of next year. The report cited oil demand forecasts from the International Energy Agency, the U.S. Energy Information Administration, and OPEC itself that suggested demand for the group’s oil will weaken next year, likely as an instance of overall oil demand weakening that the IEA, for one, has been predicting for a while now, so far inaccurately.

The current level of oil demand also appears to be challenging. When OPEC+ agreed to the broader production cuts, traders shrugged it off—first, because they expected it and, second, because global supply appeared to be pretty abundant.

The third reason the market did not really take OPEC+’s actions too seriously was that OPEC members have a history of cheating on production cuts. In other words, chances were there would be enough oil to cover demand, even if everyone officially agreed to cut.

Then Angola said it was quitting OPEC so it could produce as much oil as it wanted; that didn’t help the cartel’s agenda either. It prompted suggestions of a breakup and reinforced the perception that whatever OPEC and its OPEC+ friends do, there will be enough oil, not least because demand will weaken.

It appears that many traders are putting a lot of stock in that specific prediction of weaker demand. And they are forgetting that in order for production cuts to be felt in the physical markets, a couple of months need to pass—at least. Indeed, analysts commenting on the OPEC+ decision from December said that three months—the planned duration of the new deeper cuts—will hardly be enough to impact supply and, hence, on prices.

“I don’t think a three-month cut is long enough to make a meaningful difference in terms of physical supply even if everyone stuck to it,” one such commentator, Adi Imsirovic, told Reuters.

“The cuts are only scheduled to last for three months and it can take up to one or two months for cuts to be implemented,” another analyst said. “Unfortunately, we won’t have an idea of January output until the end of that month, and this is a long time in the oil market,” Investec’s head of commodities, Callum Macpherson, also said.

In other words, prices are where they are right now because nobody is thinking about the state of oil supply four months from now. This is unsurprising, but it is worth keeping in mind that the effects of such decisions do tend to have a delayed effect—just like U.S. drillers’s return to production growth, however cautious it was.

Speaking of U.S. drillers, they are commonly cited as the big reason for OPEC’s failure to influence prices and the resulting loss of relevance some argue we are witnessing. Indeed, U.S. oil producers took everyone by surprise this year by adding 1 million barrels in daily output thanks to well productivity improvements, even as the rig count trended downwards for most of the year.

But it appears that now many assume the industry will maintain this level of productivity improvements and keep adding production. This may indeed happen. But it may also not happen—the EIA has predicted a much more modest production growth rate for this year, at less than 300,000 bpd.

Granted, the EIA has been wrong before, especially this year, as it kept predicting monthly declines in Permian output while, in reality, this output grew. Yet sticking with reality, well productivity improvements are not exactly in the realm of the infinite. There are limits. And there are also corporate strategies, now concentrated among a few corporations after a slew of large deals this year. In other words, production will go where the large producers want it to go, and this does not have to be all the way up.

The latest reports of OPEC’s death are based on assumptions of lower oil demand and continuously growing U.S. output. Neither of these is a certainty. Oil demand has been surprising to the positive ever since BP proclaimed peak demand had come and gone in 2019—and was wrong about it. U.S. oil producers have been surprising with their discipline and newly developed distaste for production growth at all costs.

All OPEC has to do is wait until demand takes care of the comfortable supply levels that traders cite as the reason for weak prices. Its share in the global total may have fallen because of the cuts, but it is still pretty solid at 27% of the total. And it has spare capacity of some 5 million barrels daily it may or may not decide to use should the need arise. Reports of OPEC’s death are, yet again, greatly exaggerated.

Source: Oilprice.com

1031 Exchange E-Book

ENB Top News 
ENB
Energy Dashboard
ENB Podcast
ENB Substack

The post OPEC’s Influence on Oil Prices To Remain Significant In 2024 appeared first on Energy News Beat.

 

QatarEnergy, ExxonMobil moving forward with Golden Pass LNG work

Energy News Beat

Energy giants QatarEnergy and ExxonMobil released the latest construction update for their Golden Pass LNG export terminal on the US Gulf Coast near Sabine Pass, Texas.

State-owned QatarEnergy owns a 70 percent stake in the Golden Pass project with a capacity of more than 18 mtpa and will offtake 70 percent of the capacity, while US energy firm ExxonMobil has a 30 percent share.

A joint venture of Chiyoda, McDermott, and Zachry is building the tree Golden Pass trains worth about $10 billion next to the existing LNG import terminal.

Golden Pass LNG Terminal and Golden Pass Pipeline said in the newest construction report filed with the US FERC that Golden Pass is continuing to carry out Phase I and Phase II activities.

Train 2 (Image: Golden Pass LNG)

Golden Pass and its contractors progressed installation of piping and steel in process and utilities areas and flare wall modifications, continued piping and vessels insulation activities, while concrete foundation pours continued in Train 2 and Train 3.

In addition, Golden Pass progressed setting various vessels on respective foundations and progressed brownfield tie-ins in Trains 2 and 3, and progressed brownfield tie-ins and LNG tank tops modifications scope.

Golden Pass also progressed cable tray installations and cable pulling activities and continued pipe pneumatic / hydrostatic testing program.

As per the pipeline expansion project, Golden Pass continued civil activities and concrete foundation pours at milepost MP33 and MP69 compressor stations and also continued pipe fabrication and installation at these stations.

It also continued construction activities of the Sabine Spur, Natural Gas Pipeline (NGPL)Interconnect improvements, and associated facilities.

Flare area (Image: Golden Pass LNG)

Regarding the start of operations, the FERC said in an inspection report in November that the anticipated timing for the first Golden Pass train is the second half of 2024, with the second and the third train following after.

The anticipated in-service timing for the pipeline expansion project is expected sometime prior to the second half of 2024, it said.

ExxonMobil’s senior VP and CFO, Kathryn Mikellss, recently said that “train 1 mechanical completion is expected at the end of 2024 with first LNG in first half of 2025.”

The US currently exports LNG via Cheniere’s Sabine Pass and Corpus Christi plants, Sempra’s Cameron LNG terminal, Venture Global’s Calcasieu Pass facility, the Freeport LNG terminal, Berkshire Hathaway’s Cove Point terminal, and Kinder Morgan’s Elba Island facility.

Besides the Golden Pass LNG export plant, Venture Global expects to start commissioning its Plaquemines LNG facility this year.

1031 Exchange E-Book

ENB Top News 
ENB
Energy Dashboard
ENB Podcast
ENB Substack

The post QatarEnergy, ExxonMobil moving forward with Golden Pass LNG work appeared first on Energy News Beat.

 

Samsung Heavy scores FLNG order

Energy News Beat

South Korean shipbuilding giant Samsung Heavy Industries has secured an order for one floating liquefied natural gas (FLNG) unit.

SHI said on Tuesday the order won from an owner in North America is worth 2.01 trillion won ($1.56 billion).

However, this is a conditional contract and remains subject to a final investment decision on the project, according to SHI.

SHI formed a consortium with US engineer Black & Veatch and signed an engineering, procurement, and construction (EPC) contract for the design, procurement, and construction of the FLNG, it said.

Under the deal, the shipbuilder is responsible for the hull of the FLNG and topside plant processes.

It plans to deliver the unit by February 2028.

SHI said the deal was signed on December 29, 2023, and was included in last year’s orderbook.

This is the second FLNG contract for SHI as the shipbuilder and Japan’s JGC won a contract last year from Malaysia’s Petronas to build the first nearshore FLNG with a capacity of about 2 million tonnes.

In addition to this $1.5 billion FLNG contract, it also won orders for seven LNG carriers worth about $1.8 billion.

SHI in total won $8.3 billion worth of orders in 2023, achieving 87 percent of the annual order target of $9.5 billion.

SHI did not reveal the name of the owner.

This order is probably related to the Cedar floating LNG project, but LNG Prime could not confirm this by the time this article was published.

Besides Cedar, Delfin Midstream, the US developer of a floating LNG export project in the Gulf of Mexico, is also looking to order or more FLNG units at SHI.

Canada’s Pembina Pipeline and the Haisla Nation signed a heads of agreement in November last year with Black & Veatch and SHI to secure access to shipyard capacity for their Cedar floating LNG export project.

Cedar LNG said the deal provides the JV, on an exclusive basis with SHI and Black & Veatch, to “secure access to shipyard capacity to meet Cedar LNG’s target commercial operations date.”

The JV said at the time the parties expect to finalize a lump sum engineering, procurement, and construction agreement in December.

Pembina and the Haisla Nation each own 50 percent in the Cedar LNG project.

Last year, Black & Veatch and SHI won the front-end engineering and design (FEED) contract for the project’s proposed floating liquefaction, storage and offloading unit (FLNG).

The $2.4 billion FLNG project will have a capacity of about 3 mtpa and will source natural gas from the prolific Montney resource play in northeast British Columbia.

Moreover, Cedar LNG plans to receive feed gas from the Coastal GasLink pipeline, which will supply the giant Shell-led LNG Canada export plant near Kitimat.

The floating LNG facility will also be located near the LNG Canada plant and will be powered by renewable electricity from BC Hydro.

In December, Pembina Pipeline and the Haisla Nation postponed the final decision on their floating LNG export project.

They now plan to take FID by the end of the first quarter.

1031 Exchange E-Book

ENB Top News 
ENB
Energy Dashboard
ENB Podcast
ENB Substack

The post Samsung Heavy scores FLNG order appeared first on Energy News Beat.

 

Grant seeks to recruit Appalachian manufacturers for clean energy economy

Energy News Beat

​As federal incentives spur a wave of new domestic clean energy manufacturing, economic boosters in Ohio and neighboring states see an opportunity to “Make it in Appalachia.”

A virtual summit this month will serve as part of public kickoff efforts to identify and support small and medium manufacturers in the region so they can play a role in the growing clean energy economy.

The New Energy Economy project is being funded by a $10 million federal grant awarded this fall. Lead applicant Catalyst Connection and ten other partners have been working over the past two months to finalize subcontracts for the effort, which encompasses 156 counties in Ohio, Pennsylvania, West Virginia, Maryland and New York.

“By supporting small-to-medium manufacturers and providing training and resources, we can drive economic transformation, create in-demand jobs, and build a brighter future for Appalachian communities,” said Steve Herzenberg, co-director of ReImagine Appalachia, one of the grant partners.

ReImagine Appalachia is hosting its virtual strategy summit on January 16 and 17. The first day will focus on how to turn the Ohio River Valley into a sustainable manufacturing hub, with discussions the next day focused on community rebuilding and workforce development under federal climate infrastructure programs.

The Appalachian Regional Commission is providing funding for the grant under the federal Bipartisan Infrastructure Law as part of its Appalachian Regional Initiative for Stronger Economies. ARISE supports multi-state projects to drive large-scale regional economic change.

The New Energy Economy project will provide training, technical assistance, supply chain mapping and guidance for factory and product upgrades to more than 1,000 small to medium-sized manufacturers over four years in sectors that include renewable energy, hydrogen, smart grid, green buildings, and electric vehicles.

“We want to identify and support companies that want to participate in a new clean energy supply chain or improve their factory in energy efficiency,” said Petra Mitchell, president and CEO at Catalyst Connection, based in Pittsburgh. Although much of Appalachia is rural, the region includes many towns and cities.

Mitchell said a wide range of businesses could benefit in different sectors. Planned hydrogen hubs, for example, will need lots of metal products and meters, she said. So companies making those types of things may want to think about how they could adapt existing products or develop new ones to serve that sector.

Similarly, lots of pieces and parts go into wind turbines, said Amanda Woodrum, another co-director of ReImagine Appalachia. “They’re made of things that we make already, like gearboxes and bearings.” The grant project can help identify companies that might be a good fit for making those things and provide technical know-how so they can gear up to expand.

Yet there are barriers to getting into new markets.

“Across the region, many small and medium-sized manufacturers lack the capabilities to participate in the supply chains for green energy production or green products manufacturing,” said Janiene Bohannon, communications director for the Appalachian Regional Commission. “Appalachian manufacturers and energy providers seeking to pivot to greener models face difficulties in post-COVID supply chain disruptions, labor shortages, increasingly dated facilities and technology, and lack of availability of training in said technology.”

Large manufacturers often have staff or can afford consultants to grow their businesses and navigate entry into new market sectors.

“Small companies rarely do this,” said Ethan Karp, president and CEO of MAGNET in Cleveland.

The nonprofit will be responsible for providing roughly $1 million in services to companies in Ohio counties covered by the grant. Other manufacturing extension partners will work with companies in the four other states covered by the grant.

More than half of the 32 Ohio counties rank among the 25% most economically depressed counties nationwide.  Only two are “competitive” under the commission’s designation system.

“We can really make a difference there,” Karp said. “We’re going to retain a ton of jobs, and we’re going to strengthen the output and grow our communities.”

Work in the manufacturing sector generally pays better than low-wage jobs that have employed many people in Appalachia after other manufacturing jobs left the area and the coal industry declined over the past several decades. A significant number of people in Appalachia have also become disconnected from the workforce, Woodrum said.

Now, across the five states included in the grant, the project is expected to serve 1,100 businesses, create 5,500 jobs, retain 15,190 jobs and provide $44 million worth of cost cuts, Bohanon said.

“We already have a presence in these counties,” Karp said, adding that MAGNET has already done some work helping manufacturers find opportunities for energy efficiency. MAGNET provides its educational and consulting services free of charge. Companies then invest in projects that can save money or otherwise boost their profit margins.

Lots more outreach about the grant program will follow after the upcoming strategy session for ReImagine Appalachia. Among other things, that outreach will help companies in the region think about whether they can play a role in the clean energy supply chain, even if that role isn’t initially obvious.

“It doesn’t have to necessarily be high-tech stuff,” Karp said, adding that a lot of the shift will be market driven. So, as more electric vehicles come on the market, companies will want to think about how they can be part of that growth. Or, as there’s more electrification, manufacturers may want to think about products they could supply. And then companies will need more training and technical help to expand their businesses through capital investments, any workforce issues and more.

“With the right sustainable strategy and the right investments, we can actually turn the region into leaders in the new energy economy,” Woodrum said. “The kind of manufacturing and the jobs that it creates are a big important piece of that puzzle.”

Historically, “Appalachia’s been one of the most likely places for innovation,” said Rick Stockburger, president and CEO of BRITE Energy Innovators, based in Warren, Ohio, which is not part of the Catalyst Connection grant project. “There’s no structural reason why it can’t be again, especially as we’re thinking about this new economy and how we make sure everybody can participate in it.”

The post Grant seeks to recruit Appalachian manufacturers for clean energy economy appeared first on Energy News Beat.

 

Status of US Dollar as Global Reserve Currency and USD Exchange Rates: Long, Slow, Uneven Decline Continues

Energy News Beat

China’s renminbi keeps losing ground, after initial progress. But the tiny “other” reserve currencies combined are taking share from the USD.

By Wolf Richter for WOLF STREET.

The US dollar has been the dominant global reserve currency for decades, amid many global reserve currencies. And there are lots of people, institutions, and governments that want to see an end to this “dollar hegemony.”

But central banks other than the Federal Reserve are still holding large amounts of US-dollar denominated assets – $6.5 trillion in total – such as US Treasury securities, US government-backed MBS, US corporate bonds, US agency securities, even US stocks (the Swiss National Bank), all of which combined make up the USD-denominated foreign exchange reserves that central banks other than the Federal Reserve hold.

The share of USD-denominated foreign exchange reserves dipped to 59.2%, according to the IMF’s COFER data released on December 31 for Q3 2023. For the past 20 years, the USD’s share has been on a slow downward trend, with other currencies nibbling at it from all sides. The euro was #2, the yen #3, the British pound #4. The Chinese renminbi dropped to #6, behind the Canadian dollar (more on all those in a moment):

In dollar terms, the holdings of USD-denominated assets at foreign central banks dipped to $6.5 trillion. Note that the Fed’s holdings of Treasury securities and MBS are not included in foreign exchange reserves. No central bank’s holdings in its own currency are included.

Since 1965, the USD’s share of global reserve currencies has gone through a tumultuous history, including the collapse of its share starting in 1978 through 1991 from 85% to 46%. This came after inflation exploded in the US in the late 1970s, and the world lost confidence in the Fed’s ability to manage inflation. And the decline of the USD’s share continued even as inflation began to fade in the 1980s.

But by the 1990s, confidence returned gradually and the dollar’s share rebounded until the euro came along and put a stop to the gains by the USD (2023 through Q3)

The other major reserve currencies.

The euro’s share (#2) has been roughly stable at around 20% for years. In Q3, it dipped to 19.6% (black line, red dots in the chart below). The other currencies are the colorful tangle at the bottom of the chart:

The USD is losing ground against the tiny “other currencies” combined.

The chart below shows the colorful tangle magnified. China is the second largest economy in the world, yet its currency plays only a minuscule and declining role as a reserve currency, and is no threat to the US.

But note the surge of the yellow line, “all other currencies” combined, each of which has a smaller share than even the swiss franc, but combined, they’re making headway.

#3, Japanese yen, 5.5% (purple).
#4, British pound, 4.8% (blue).
#5, Canadian dollar, 2.5% (green), bypassing the Chinese renminbi.
#6, Chinese renminbi, 2.4%, sixth quarter in a row of declines, lowest since Q4 2020 (red), amid the reality of capital controls, convertibility issues, and other issues. Central banks appear to be leery of holding RMB-denominated assets.
#7, Australian dollar, 2.0% (brown).
#8, Swiss franc, 0.18% (blue).
“All other currencies” combined (yellow) have a total share of 3.9%. The largest one of them has a share even smaller than the Swiss franc’s share of 0.18%. But their combined share has risen from 2.5% in 2019 to 3.9% currently. These tiny reserve currencies combined are taking share from the USD:

Dollar-exchange rates and foreign exchange reserves.

The USD exchange rate matters. Foreign exchange reserves are measured in USD. For reporting and comparison purposes, the holdings in EUR, YEN, GBP, CAD, RMB, etc. are translated into USD figures at the exchange rate at the time. So the exchange rates between the USD and other reserve currencies change the magnitude of the non-USD assets – but not of the USD-assets.

For example, Japan’s holdings of USD-denominated assets are expressed in USD. But its holdings of EUR-denominated assets are translated into USD at the EUR-to-USD exchange rate at the time. So the magnitude of Japan’s holdings of EUR-assets, expressed in USD, fluctuates with the EUR-to-USD exchange rate, even if Japan’s holdings don’t change.

The exchange rates between the USD and other currencies can fluctuate wildly. The yen dropped a lot in 2022 and then again in 2023 against the USD. So the value of yen-denominated assets held by central banks (other than the Bank of Japan) would have declined when expressed in USD, and it would have pushed down the share of the yen-denominated foreign exchange reserves expressed in USD.

But over the long run, the currency pairs are amazingly stable, despite massive fluctuations in between. The Dollar Index [DXY], which is dominated by the euro and yen, is back at 101, where it had been in 1999 (data via YCharts):

Enjoy reading WOLF STREET and want to support it? You can donate. I appreciate it immensely. Click on the beer and iced-tea mug to find out how:

1031 Exchange E-Book

ENB Top News 
ENB
Energy Dashboard
ENB Podcast
ENB Substack

The post Status of US Dollar as Global Reserve Currency and USD Exchange Rates: Long, Slow, Uneven Decline Continues appeared first on Energy News Beat.

 

Oil Advances as Iran Warship Entering Red Sea Increases Tensions

Energy News Beat
Iran sends destroyer to waterway as US navy sinks Houthi boats
Brent declined 10% last year, its first annual drop since 2020

Oil rose after Iran sent a warship to the Red Sea in response to the US Navy’s sinking of three Houthi boats over the weekend, adding to regional tensions as ships continue to avoid the key waterway.

Brent crude climbed to around $78 a barrel after declining by 5% over the prior three sessions, with West Texas Intermediate above $72. The US Navy said it was fired upon when responding to a distress call from a vessel in the Red Sea, resulting in the sinking of the three boats. In response, Iran’s Alborz destroyer entered the vital waterway on Monday, state media said.

Crude’s gains follow the first annual decline since 2020, after a tumultuous year dominated by concerns over increasing production outside OPEC+ and slowing demand growth. That was offset by bullish factors including the wars in Gaza and Ukraine, and signs that the Federal Reserve is done raising interest rates.

A Houthi delegation met with officials in Tehran after the US response to the attack on a Danish-owned container ship. AP Moller-Maersk A/S has again suspended all Red Sea transit to assess the situation in the vital waterway.

The latest cuts from the Organization of Petroleum Exporting Countries and its allies will take effect this quarter, which could then be extended further. Traders had earlier shrugged off the latest Nov. 30 pledge from OPEC+ to slash production further, remaining skeptical of its implementation.

Prices:

Brent for March settlement rose 1.2% to $77.93 a barrel at 9:59 a.m. in Singapore.
WTI for February delivery gained 1.1% to $72.46 a barrel.

WTI

 

The post Oil Advances as Iran Warship Entering Red Sea Increases Tensions appeared first on Energy News Beat.