Take this as you will. Openly admits to being independent and has a heap of experience in the US energy sector. Happy to be informed on how legitimate it is etc.
I’ve disabled Facebook so cannot access the link. Précis?
The article is about a scheme to allow operators of large backup generators to operate as merchant power, selling to meet peak needs. Nothing inherently wrong with that, but it is flawed:
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It requires the same transmission, distribution, and control systems as large scale renewables
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They are by definition more expensive rhan grid power- that is why they are backups. They will also exit the market when grid power prices peak
Well duh!
With the ongoing increase in energy demands they’re turning to generators (Walmart?) for the shortfall. A shortfall that would have been met by the renewable energy projects that were cancelled because Trump didn’t get his cut.
I see @Arminius beat me to it.
Gold and silver prices have tanked in the last day with the announcement of the proposed new FED chair
All very speculative - on the one hand, he did have a reputation as a hawk, but that would put him into even more conflict with Trump than Powell has been in. The major driver in those markets, especially silver (down 30% in a day!), would have been profit-taking. The bond market did not show nearly the same level confidence, although yields did move somewhat downward.
Yeah,just read that, another step toward a totalitarian state,compliments of Trump and the GOP,clearly terrified of losing the midterms, they deserve nothing less!
The Epstein E-Mail release today has been so embarrasing that I don’t want to talk about it, but hide in shame. The footie game earlier today was a nice diversion.
I hope there is some fallout in the US as well…
“There’s something about Scandinavian transplant cultures that simultaneously brings an over-empathizing element…and also a more militant, socialistic, progressive, and activist element.”
The horror! ![]()
The deplorables unmasked. They actually want to promote toothless, illiterate, brainwashed, incestuous deplorable ‘culture’.
Thank you, man. Needed a little smile on this blackest of days.
At least some American snacks that seems a bit big.
Now, normally I would probably be a bit enthusiastic posting this, but sadly it is just a much needed diversion for me from the Ragnarok that is currently plaguing me.
This correction in silver was nothing to do with news events. It was a margin squeeze affecting liquidity and forcing traders into dumping positions. It was an engineered event to bail out major players holding huge short positions and had nothing to do with market forces. This is a sadly predictable and oft repeated Treasury-inspired move. It also helps out big tech which was looking at massive profit losses in the physical market and shows that silver will only ever be allowed to reach certain levels before the gorwn-ups step in. It would be no surprise to see silver hit £40t.oz which would be a buy sign, with £30 a possibility too. These are paper prices remember and physical silver will cost you more. Always insist on the bullion.
This is fascinating
A Trump +17 district that hasnt gone to a Dem in supposedly 50 years, has flipped by a large margin despite an overwhelming spending advantage by the GOP candidate
