I know right. We should turn back to fossil fuels, because when has the supply of petroleum products ever been manipulated by suppliers for geopolitical purposes?
No, I mean that literally even in the Xit preview it was elaborated on as to what the security risk was precisely, and it was a narrow issue regarding the source of wind turbines, not renewable energy at large.
And it’s not as though fossil fuel plants would be uniquely safe either…
It’s just extremely shitty editorialising that’s more about trolling than about the actual content.
For governments going big into a green energy transition, there is a real risk that China uses its dominance in manufacturing of critical components to squeeze them into geopolitical concessions. That is a risk they should be planning for how to mitigate it. But for China and turbines see Saudi and oil, or Russia and LNG.
Presenting this statement of rational risk management as a reason to reject the transition away from fossil fuels is a laughable position.
And more importantly, this is another reason why these countries need to reindustrialise, and why there’s specifically an opportunity relating to developing their renewable energy industries.
There is also no trigger in the US to pull elections forward and therefore no real way an incompetent president can be replaced (unless their own party turns on them to the point of impeachment or declaration of incompetence which while true are very high bars) and those paths can only put Vance in charge which does not look likely to be an improvement.
I don’t know either. I’m just stunned by the whole show, and it looks very similar to the spell with Truss, apart from the added, typical trumpist vulgarity and arrogance.
But maybe I’m wrong about that, and the leeches will manage to cling to power no matter what.
If only the free trade agreement that has been in place in one form or another since 1988 had some dispute resolution mechanisms…
Grammar aside, the ‘your not even allowed to do that’ is just laughable. Export duties aren’t supposed to be allowed under the free trade agreement the US is shredding. The electricity duty is explicitly to counter the steel and aluminium tariffs that are coming into force this week which are explicitly forbidden under NAFTA terms, where an export duty levied by a sub-national jurisdiction is actually a gray area.
Tariff going up an additional 25% to a 50% total on steel and aluminium. That will hammer Canadian steel production, but won’t really do much to aluminium production. Beyond alternative markets and very inelastic American demand for packaging-grade aluminium, Rio Tinto is not particularly bothered. It is a flowthrough that the American consumer will pay because there is no other choice.
In some ways, the smartest thing we could is not put tariffs on American aluminium goods (most Canadian aluminium imports are actually Canadian-made aluminium having been processed at American factories), but the ‘industrial policy’ types will now be making an argument to use tariffs to incentivize investment in that production capacity.
I am doing a slow rewatch of the Sopranos and last night was the episode with the fuss over the Colombus protests. In one of the scenes Carmela’s church group has invited an academic to speak who encourages “italians” to lift up the better part of their culture with lots of direct and indirect slights against the way they are all tarred by the association to organized crime. Among her examples she says “instead of John Gotti, we have Rudy Gulliani”