'Dirty ol' coal' is making a comeback
and consumption is expected to return
to 2013′s record levels
Posted By: NorthernDog, 8/3/2022 7:47:16 PM
Coal prices are soaring and global coal consumption is expected to return to record levels reached almost 10 years ago as the global energy supply crunch continues. While investors in coal stocks are having a field day thanks to high coal prices, curbs on carbon emissions are taking a backseat as markets and governments scramble to stock up on traditional energy supply amid bottlenecks caused by the Ukraine war, analysts say. Worse, slowing investments in new coal-powered energy facilities have tightened the supply of coal even further, Shaw and Partners senior analyst Peter O'Connor told CNBC's "Squawk Box Asia" on
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NorthernDog"
Four people are in critical condition after an apparent lightning strike outside the White House Thursday evening. DC Fire and EMS responded to reports of a lightning strike in the center of Lafayette Park around 6:52 p.m. local time. Upon arrival, first responders found two adult females and two adult males, all suffering from life-threatening injuries, DC Fire and EMS said. All subjects were transported to area hospitals. DC Fire and EMS spokesperson Vito Maggiolo told Fox News the U.S. Secret Service uniformed division and officers from the U.S. Park Police witnessed the strike and immediately began to render
'Dirty ol' coal' is making a comeback
and consumption is expected to return
to 2013′s record levels 15 replies
and consumption is expected to return
to 2013′s record levels 15 replies
Coal prices are soaring and global coal consumption is expected to return to record levels reached almost 10 years ago as the global energy supply crunch continues. While investors in coal stocks are having a field day thanks to high coal prices, curbs on carbon emissions are taking a backseat as markets and governments scramble to stock up on traditional energy supply amid bottlenecks caused by the Ukraine war, analysts say. Worse, slowing investments in new coal-powered energy facilities have tightened the supply of coal even further, Shaw and Partners senior analyst Peter O'Connor told CNBC's "Squawk Box Asia" on
The United States saw its third 1-in-1,000-year rain in a week on Monday night and Tuesday morning, as southern Illinois was drenched by 8 to 12 inches of rain in 12 hours. An area just south of Newton, Ill., recorded 14 inches of rainfall in just 12 hours, according to the National Weather Service. Thunderstorms brought damaging winds and heavy rainfall through midafternoon on Tuesday. Heavy rain events such as this are becoming more common due to climate change. The NWS office in Lincoln, Ill., received about 20 reports of flooding on Tuesday as roads turned into rivers. Several flash
"The warehouses are full": Cargo begins
clogging Port of Los Angeles amid railroad
worker shortage 9 replies
clogging Port of Los Angeles amid railroad
worker shortage 9 replies
Just as retailers are starting to gear up for the holiday season, there are warnings of a possible nationwide shipping logjam. A shortage of rail workers, not enough rail cars and importers failing to pick up their goods are causing cargo to pile up once again at the Port of Los Angeles — a key link in the U.S. supply chain. Port director Gene Seroka said containers are already piling up and clogging the docks. "There are about 35,000 containers that are designated for rail on our docks right now," he said. "A normal day looks more like 9,000 units."
WASHINGTON -- President Joe Biden's “loose cough” has returned as he faces a rebound case of COVID-19, his doctor said Tuesday, though he “continues to feel well." White House physician Kevin O’Connor provided the update on the president's condition as he continues to test positive for the virus. He said Biden “remains fever-free," and that his temperature, pulse, blood pressure, respiratory rate and oxygen saturation “remain entirely normal.” Still, Biden is required to remain in isolation through at least Thursday under Centers for Disease Control and Prevention guidelines — and perhaps longer under tougher White House protocols if he continues
Now that Senator Joe Manchin is on board with a $433 billion tax and climate bill, Democrats, Republicans and the private equity industry all are trying to suss out where Senator Kyrsten Sinema stands. The Arizona Democrat was left out of the negotiations between Manchin and Senate Majority Leader Chuck Schumer, which resulted in legislation that, among other things, would eliminate a tax break for fund managers known as carried interest. Sinema, whose attention-grabbing style in the staid Senate belies her tight-lipped negotiating tactics, has given no clue about whether she might provide the 50th vote needed to pass the
GEICO closes California insurance offices,
lays off hundreds. State is ‘monitoring’ situation 28 replies
lays off hundreds. State is ‘monitoring’ situation 28 replies
GEICO has closed all of its 38 California agent offices that sell auto and homeowners policies and other lines and has also ended the practice of selling insurance through telephone agents in the state. Three offices in Sacramento, one in Roseville, three in Fresno and one in Modesto were among offices that have closed in the last few days. The closures are resulting in more than 35 layoffs in the Sacramento area and hundreds statewide.The GEICO office in Roseville only opened in July 2021. GEICO put out a press release at the time saying it would meet the insurance needs
In one of this year's most competitive Senate races, the biggest moments aren't playing out on the campaign trail. They're unfolding on social media. For one stunt, Lt. Gov. John Fetterman, a Pennsylvania Democrat, rolled out an online petition to get his Republican rival, celebrity heart surgeon Dr. Mehmet Oz, enshrined in New Jersey's Hall of Fame — a nod to Oz moving from his longtime home in New Jersey to run in neighboring Pennsylvania. For another, Fetterman paid $2,000 for an airplane to haul a banner over weekend beachgoers on the Jersey Shore welcoming Oz back home to the Garden
Local health authorities and lawmakers have repeatedly called on the Biden administration to take more action in response to the monkeypox outbreak. Now, the White House appears to be pushing back by attempting to spread the blame to include state and local governments. Health and Human Services (HHS) Secretary Xavier Becerra said during a Thursday press briefing on monkeypox that state and local governments “ultimately are the ones that determine how health care is administered in their jurisdictions.” “We believe that we’ve done what helps our state and local health care partners stay ahead of this, and we’ll continue to
Sen. Joe Manchin of West Virginia stunned many by striking an agreement for a $790 billion climate, healthcare, and tax package. The legislation is much bigger than most Democrats thought possible only two weeks ago when Manchin appeared to take climate programs and tax hikes off the table, citing growing fears about fueling inflation. But the most carefully negotiated deals can still be upended in an environment where no margin of error exists. Manchin is on a collision course with Sen. Kyrsten Sinema of Arizona over a small part of the bill. The pair disagree on carried interest, a loophole
Lively crowd at LIV Golf Bedminster doesn't
care about Donald Trump, Saudi Arabia connections 7 replies
care about Donald Trump, Saudi Arabia connections 7 replies
BEDMINSTER, N.J. — An already lively crowd erupted with applause and chants of “Four more years!” and “Let’s go Brandon!” when former President of the United States Donald Trump made an appearance at the first tee before Friday’s shotgun start of the LIV Golf Invitational Series event at Trump National Golf Club Bedminster. “What’s (PGA Tour commissioner) Jay Monahan doing right now? Crying!” yelled another fan. The former president has faced a great deal of criticism for hosting the Greg Norman-led and Saudi Arabia-backed series, especially from a group of 9/11 families, who held an emotional protest Friday morning before
Social media users have started spreading conspiracy theories about President Joe Biden following a video where he keeps his eyes open noticeably wide. A video posted to Biden's Twitter page earlier this week has sparked a series of conspiracy theories about the president online. In the video posted on Tuesday, Biden, who has just recovered from COVID, condemns former President Donald Trump and his role in the January 6 Capitol Riots. (Tweet) However, viewers were drawn to Biden's appearance, most notably how wide he kept his eyes open in the 17-second clip. Some Twitter users have claimed the White House
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Dick Cheney eviscerated Donald Trump as the greatest threat to the United States of all time in a new campaign ad for his daughter, Rep. Liz Cheney, who is facing steep primary prospects.
'In our nation’s 246 year history there has never been an individual who is a greater threat to our Republic than Donald Trump,' Cheney said in a new clip.
The congresswoman brought out her 81-year-old former vice president dad as a last ditch effort to defy recent polling that puts her squarely behind primary rival Harriet Hageman ahead of an Aug. 16 primary.
A viral tweet is indicative of the unhinged fear that liberals dramatize when it comes to visiting red states such as Texas, Kentucky, or Florida and how unsafe one New York resident claims to feel driving through conservative America.
“My husband thinks I’m crazy because I refuse to visit or even drive THROUGH a red state because I dont feel safe. Would you drive through Kentucky or Texas with NY State license plates? Am I being obtuse?” a liberal New Yorker tweeted.
The tweet set off a ton of reactions on social media. It currently has over 9,600 likes, so either the bots are very busy or
WNBA star Brittney Griner was sentenced to nine years in prison after she was found guilty of drug possession and drug smuggling by a Russian judge on Thursday. She was also fined 1 million rubles.
Russian prosecutors asked the court to hand Griner a 9.5-year prison sentence. The defense then started its arguments. Griner faces up to 10 years in prison.
Griner offered an apology ahead of the sentencing. "I want to apologize to my teammates, my club, my fans and the city of (Yekaterinburg) for my mistake that I made and the embarrassment that I brought on them," she said. "I want to also apologize to my parents, my siblings,
White House press secretary Karine Jean-Pierre is rapidly building a reputation for herself as the high priestess of ill-preparedness.
“I would have to get back to you on that” is her typical reply to even the most elementary of questions.
She also isn't exactly an adept wordsmith. If she continues down this path, perhaps someday she may surpass Kamala Harris.
Just yesterday, Joe Biden signed an executive order that ensures access to abortion for women following the Supreme Court's decision to overturn Roe v. Wade (1973).
Biden said the order helps women travel out of state to receive abortions, ensuring that health care providers comply with federal law
President Biden blasted Russia for sentencing Brittney Griner to 9 years in a penal colony for cannabis possession and smuggling, calling the decision “unacceptable.”
“Today, American citizen Brittney Griner received a prison sentence that is one more reminder of what the world already knew: Russia is wrongfully detaining Brittney,” Biden said in a statement released by the White House.
“It’s unacceptable, and I call on Russia to release her immediately so she can be with her wife, loved ones, friends, and teammates,” he continued.
The World Health Organization declaration of Monkeypox as a “Public Health Emergency of International Concern” (PHEIC), was made by one man, WHO Director-General Tedros Adhanom Ghebreyesus, who has no medical training, over the objection of the majority of his own expert committee of medical and scientific advisors. Nine of the committee members thought a PHEIC should not be declared and six supported a declaration.
“Nine and six is very, very close.(snip) I decided to act as a tie-breaker,” Tedros said(snip)
Perhaps it is the “new math” that leads to the conclusion of a “tie” with a 3-vote majority on one side? And why did Tedros decide to go with the minority
Representative Liz Cheney (R-WY) said Thursday on CNN’s “Anderson Cooper 360 ” that the United States could not be considered a nation of laws if former President Donald Trump was not prosecuted.
CNN chief national affairs analyst Kasie Hunt said, “Some have expressed concern that prosecuting former President Trump which turned him into a martyr and potentially add to his political strength for the base that follows him pretty rabidly. Do you share that concern? Do you have any concern that the prosecution would strengthen Donald Trump’s political hand?” Cheney said, “I don’t think that it is appropriate to think about it that way because the question for us is,
The IRS about to go 'beast mode'?
24 replies
Just how bad is the Biden administration and Democrat Congress's grossly misnamed "Inflation Reduction Act" of 2022?
The Wall Street Journal has a shocking lead editorial titled "The IRS is About to Go Beast Mode" about the particulars of its $80 billion expansion of the IRS, which is six times the size of the tax agency's current $12.6 billion budget:
The $80 billion is more than six times the current annual IRS budget of $12.6 billion. The money will be ladled out over nine years and comes with few strings attached. The main Democratic command is for the tax agency to bring the hammer down on taxpayers.
Senate Democrats cleared a huge hurdle Thursday night by securing Kyrsten Sinema’s support for a modified signature climate, tax and health care proposal, and will move forward on the legislation on Saturday.
The Arizona Democratic centrist announced that she’s signed off on the legislation after winning tweaks that include the removal of a narrowed loophole for taxation of certain investment income, a provision known as carried interest. In a statement, Sinema said she’s also won changes that would “protect advanced manufacturing, and boost our clean energy economy.”
The United States’ Use Of Nuclear Weapons
77 Years Ago Was A Moral And Strategic Imperative 22 replies
77 Years Ago Was A Moral And Strategic Imperative 22 replies
Americans are no strangers to “times that try men’s souls,” to borrow a phrase from Thomas Paine. By mid-1945, the United States had been at war for three-and-a-half years, enduring the draft, separation from loved ones, mounting numbers of casualties, and rationing, with no end in sight. Many Americans were weary, not unlike our feelings now, after two-and-a-half years of privations and anguish related to the COVID-19 pandemic. That sense of anxiety and the widespread desire to return to normality brought to mind how World War II was suddenly – and to many, unexpectedly – resolved.
Biden administration making plans to use
public health emergency authorities to
combat monkeypox 22 replies
public health emergency authorities to
combat monkeypox 22 replies
The Biden administration and U.S. public health officials are developing a plan to use public health emergency authorities to speed up the distribution of the monkeypox vaccine, two senior administration officials and another person with knowledge of the matter told POLITICO.
A decision memo created by the Department of Health and Human Services has circulated through U.S. health agencies and secured broad support from agency heads. The memo would call monkeypox a public health emergency, according to the two senior administration officials. White House monkeypox response coordinator Robert Fenton also supports using these authorities to speed up
Craft breweries across America have been on the front lines of businesses facing higher material costs because of inflation.
Now, many are confronting a shortage of a key ingredient: carbon dioxide, the gas that gives beer its crisp, effervescent taste.
And one brewer has already said it plans to shut down a key manufacturing plant and lay off workers as a result.
Night Shift Brewing, in Everett, Massachusetts, just outside Boston, cited the CO2 shortage as the reason it is suspending operations at its longtime facility and outsourcing to nearby locations instead.
"Come October 1, we won’t likely have jobs for many of this team," the company said in a statement on Instagram.
Comments:
Old Man Coal just laughs. He will still be around when the Greenies are long gone and forgotten.