Latest / Financial Survival Network / There's a Blackout in Your Future with Steve Goreham #5980

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There's a Blackout in Your Future with Steve Goreham #5980 · Financial Survival Network

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If you look in Europe as well, the nations with the most with the
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highest electricity prices are the ones that have the most wind and solar, so
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it's not cheaper. So the first one is cost. The second one is
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blackout. Since we've talked about we're going to see more of those. The
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third impact of the green breakdown is a reduction of personal choice, if you
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will, forced adoption of electric force, adoption of appliances, and then the
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last I call transnational energy shocks like we've seen in Europe in the last two
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years. You're listening to Carrie Letz's Financial Survival Network, where you get valuable
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information you just can't find anywhere else to thrive in today's trying times. You
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need the Financial Survival Network now more than ever. Go to Financial Survivalnetwork dot
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ever, and welcome. You aren't listening to and watching the Financial Survival Network.
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I am your host Carrie Let's Happy twenty twenty four eight. It's been
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chilly here in Florida. If the climate's getting warmer, they didn't tell us
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about it, but hey, the good news is that with a stroke of
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the magic wand pretty soon you will be driving an EV whether you want to
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or not. Well, Steve Gore is here with us now, Steve noted
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EV and just noted skeptic, shall we say about climate and all other things.
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Steve, great to have you back on the show. So what is
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going on here with our president and climate change and getting rid of the gasoline
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powered vehicles, getting rid of full fired power plants. Are we just going
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to live like in a nuclear desert? Well, we just said COP twenty
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eight. Great to join you, Carrie, Happy New Year. We just
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had the COP twenty eight about a month ago, twenty eighth conference of the
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Parties. Eighty thousand people came to Dubai, United Arab Emirates and just about
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all of those folks flew in. Too many people live in the UAE with
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their private jets and they're a commercial aircraft. For each a pound of jet
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fuel you burn, you emit three pounds of carbon dioxide. And so CUP
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twenty eight, the United Nations Climate Conference was literally the biggest carbon dioxide emitting
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event of the year. Oh that's nice to know, but yeah, but
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they're really not having much of an effect on either a global temperatures or the
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use of coal, oil, and natural gas fuels, which continue to be
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about eighty percent of global energy use. So what is it they're really doing
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here, Because you know, it's like, if you remember, prior to
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World War One, European governments passed the law outlawing war and we all know
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how well that worked out. Is this kind of the same thing here,
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Yeah, it's a little bit crazy. The folks there want to get rid
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of coal, oil and natural gas. Fativol, the Executive director of the
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International Energy Agency, said in May twenty twenty one, if governments are serious
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about the climate crisis, there can be no new investments in oil, gas
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and coal from now from this year, And the delegates at COP twenty eight
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actually signed a agreement saying that we would phase out coal, oil, and
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natural gas, so called fossil fuels. Our Climate Envoy John Kerrey actually called
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for an elimination of all coal fired power plants around the world. There are
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about sixty five hundred coal firepower units in the world today, about one thousand
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are in planning or in building, and it's just a remarkable statement, very
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callous. Reminds me of Marie Antoinette's let them e cake the poor people.
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Thirty five percent of the world's electricity today is generated by coal fired power plants,
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and yet we have a shortage of electricity around the world. We have
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about seven hundred million people that don't have access to electricity and another two billion
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that have blackouts or brownouts every day or every other day. And if we
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were eliminating all the coal fire power plants, these folks just wouldn't have electricity.
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So it's a crazy statement in many, many ways. The great news
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is that we're we're putting scrubbers on plants and around the world, we're eliminating
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pollution from coal fired plants. But the idea that we're going to stop these
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seas from rising if we get rid of all coal fired power plants, that
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is a modern superstition. Well, you know, Steve, when I was
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a kid, everyone was crying about acid rain coming up all fired power plants.
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So they went and invested hundreds of millions of dollars these scrubbers. They're
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really expensive. So now there's no more yellow coming out sulfur dioxide. I
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haven't heard any measured thing rain in decades. Now. They moved the gold
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Posts and said you got to get rid of the carbon dioxide, which you
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and I both know is impossible. Yeah, it really is impossible. It's
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but one thing about acid rain eight. They hit all these lakes in the
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eastern United States and in Europe and places, and they said this was due
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to silver dioxide coming out of our power plants. But after we we basically
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eliminated it in the United States at sawmore in seventy or eighty percent, they
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found that the acidity of the lakes really didn't change. It was due to
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other natural natural factors. But you're right, the world's on a quest to
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get to zero by twenty fifty, at least the wealthy part of the world,
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the United States, Europe, Canada, New Zealand, Australia and a
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few other nations. That is is beyond a rew goal. That's an impossible
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dream. We emit carbon dioxide in everything we do. It is not going
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to be something that's eliminated. And that's why my book Green Breakdown says that
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this push for renewable energy, this push for it as there, is going
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to break down over the next decade or two and people are going to get
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back to demanding low cost, reliable energy and reducing real pollution but not carbon
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dioxide. All right, So it just amazes me how naive people are,
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because you know, when we don't have electric in the midst of a huge
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snowstorm or a heat wave, people die, don't they do? They do?
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Yeah, it can be very serious, and particularly we've seen it in
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the February twenty twenty one disaster in Texas. Four and a half or five
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million people did not have electricity for three days. We had somewhere between two
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hundred and seven hundred people die during that thing. That's much more than a
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major hurricane. And you know, we seem to be on a trend to
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make everything electric. We're going to make our cars electric, and we're going
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to make our cooking electric. So if the power goes off, not only
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your lights are going to be out, but you won't be able to drive
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your car, you won't be able to cook your food. And we are
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trending towards a weakening electric grid. Data from the US Department of Energy says
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that back in about ten years ago twenty thirteen fourteen, we had an average
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outage of about three and a half hours a year for each electrical user.
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But now that's up to six, seven or eight hours a year over the
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last three years. So we've more than doubled the average outage time. I'm
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talking about accumulative outage for the year, and it's going to get worse and
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worse as we put in more intermittent wind and solar. So what are they
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thinking, Well, people are going to learn the hard way, fortunately,
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and there's there's papers coming out of our electricity industry all the time saying that
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we're going to have problems in the next year or two. In Texas this
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last year, they didn't have outages, but they issued ten electricity shortage alerts
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in August and September. They said, don't plug in your electric vehicle,
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don't run your air conditioner. We don't have enough electricity. And that is
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really the wrong trend. And the more more we pushed these renewables, the
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more problems we're going to have. Yeah. So look, I mean,
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I'm a big electric car person, but not for any of the perceived environmental
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benefits or whatever. I think. In the case of Tesla, they've they've
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effectively built a better mouse trap the car. Really driving experience, technology,
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safety is just superior to normal car in every way and accept except that,
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maybe I've got to say except range. All right, I'll choose with range,
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but not as much with the Tesla as with other cars. And what
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else I don't know. Well, Tesla has been amazing. They have really
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cool, cool, fast cars, and we've in tremendous advances in lithium ion
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batteries enabling it. But there are still some issues. Cold weather in the
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north is a problem. If you get down to about ten degrees Fahrenheits,
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you have to have a heated garage to charge your car. Insurance is an
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issue too. The figures say, I think that that electric car users pay
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about seventy percent more for insurance that I look of us an engine car.
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So very still there, it's it's still is kind of a upper class kind
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of a thing. And as it comes as a comes down, it'll penetrate
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markets more and more. But but right now the market's having a little bit
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of a problem. There's a lot of the inventory's are ray up about it,
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about three hundred percent for Ford and GM, they have decided to slow
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down some models. And hey, I'm not I'm not anti electric vehicle.
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I just don't think governments ought to be forcing everybody to get it on the
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path, the path we're headed for. Uh less that the market take its
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path and eventually we'll get there. If that better, But to go if
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it makes sense, right, Yeah, I mean I love it, but
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yeah, forget it. When it comes to cost of repairs, it's double.
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The insurance is fifty percent higher. Well, so whatever I save in
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energy costs for gasoline, it's made up for in those other things. Plus
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you got like subscription fees and stuff that you don't have on a regular car.
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But look it go. Hey, you know that these people don't care
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about that. I will also mention that the you know that the idea that
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you could just mandate these things and everybody's going to go just doesn't happen.
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But the reason why Ford, GM and Audi and others are failing is because,
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look, it still is a cutting edge technology product. Nobody wants to
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be on the bleeding edge of technology in order to make people give up their
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current thing, which is working fine in their opinion, in your opinion,
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then you've got to add some amazing benefits. No other car company but Tesla
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does that. Perhaps by D will follow them. Up, but Tesla is
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doing it otherwise, these cars are really inferior to what these companies are offering
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now, and that's why they're failing. Weather In terms of overall driving experience,
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there's still way ahead, no doubt about that anyway. And another big
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thing about with this electricity is to put all these evs on the road,
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we have to get our grid power cranked up. And they're also talking about
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getting rid of gas powered stoves, gas appliances, and according to a study
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by the New England Independent System Operator, that takes as much electricity as well
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as adding electric cars. So there's really going to be a big demand.
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And at the same time, we're going to shut down all the cold plants
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and a lot of the nuclear plants. You know, we're really coming in
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the wrong direction in many ways. Yeah, it's crazy, so but you
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know in the end, what's going to sync this is it's just not affordable.
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Right. Well, there's four impacts I think of the breakdown. One
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is electric prices, and I often show a chart when I present that shows
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the top twelve wind states in the United States, and eight of those twelve
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states have prices that are rising faster than the national average because you have to
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back up the wind systems and you also have to build transmission out to remote
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areas. California is an example as well. California's electricity rates are double any
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Western state right now, Green California, and they're going to go much much
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higher. If you look in Europe as well, the nations with the highest
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electricity prices are the ones that have the most wind in solar, so it's
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not cheaper. So the first one is cost, the second one is blackout.
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Since we've talked about we're going to see more of those. The third
13:39
impact of the green breakdown is a reduction of personal choice, if you will,
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forced adoption of electric forced adoption of appliances. And then the last I
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call transnational energy shocks like we've seen in Europe in the last two years.
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Their electricity prices are up three times as high as they wear three years ago,
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and their natural gas prices up two and a half times, and so
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they've had a real problem. They've had a drop and standard of living in
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Europe. They've told people in England to stop bathing to save energy, or
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to to shower with a friend. But it's kind of sad they have people
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putting up a newspaper on the inside of their windows to try and insulate their
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houses because they're getting energy bills that are the two thousand pounds over the winter.
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I mean, they're very expensive. So and a lot of this is
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based on the big push for renewables. So these things are going to force
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people to get back to what's sensible. And in any case, they're not
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going to have a measurable effect on the climate, which is dominated by natural
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factors. Not what we're doing with our cars at our industry right could not
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agree with you more, all right. So eventually though, we're going to
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understand that these things it's just not affordable. We can't do it, can
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we. Yeah, I think it's going to be very, very tough.
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Another answer, batteries are not the as well. They're talking about grid scale
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batteries for a lot of this stuff. But if you look at the cost
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of batteries to back up a wind system for a whole day, the batteries
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to do that require five times as much as the wind system itself, and
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then the only last half as long. So you're really talking in a ten
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to one factor, ten times as expensive as the wind or solar system is
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the cost of the batteries, So that's not going to work very well.
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By the way, we got another little issue too with these lithium batteries.
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You know what, I guess the biggest cause of fires is in New York
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City right now. Yeah I heard that. Yeah, e bikes are blowing
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up fighting batteries. Yeah, they've had a couple of hundred fires in the
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last couple of years and a lot of people injured. And this is happening
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all over the world, Australia, many other major cities. These lithium batteries
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have this bit side effect. By the way, if a car catch is
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on fire now in Europe, what they're doing is they pick up an evy
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that's on fire and they try and put it into a big tank of water
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because they can't put it off any other way. So we need to get
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you know, we need to get the improvements going along. We need to
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get better safety and a lot of other things totally do And yeah, so
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what's it going to take for the world to come to its collective senses here
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other than people dying, which they don't seem to care about at all.
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Yeah, No, I predicted this breakdown ten years in the row, in
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the future. But we're starting to see some of this already. If you
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look off the east coast, about half of the wind systems have pulled out.
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To put wind systems off the east coast along New Jersey and Massachusetts,
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New York. They can't afford the cost of doing it at the prices that
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they quoted. In England, they just did an auction for Onshore wind and
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they had no bidders, so they got to raise the prices. They're going
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to allow them to generate electricity at a Zeeman's Wind just got bailed out in
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Germany. Ten billion euros was the bailout from the German government because their system
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is failing. We have, as we talked about, the ev breakdown a
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little bit, and then then the electric u rather the renewable energy companies have
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been have their stocks have been falling for the last three years. Now.
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You can go look at the Renix index r E n I execs and that's
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been down for the last three years. So, uh, we're starting to
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see a problem with these renewable systems, despite the fact that governments are pushing
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them so heavily. Yeah, okay, so you know but it doesn't seem
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like the people. Are the people of the world patching onto this steed.
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If you're a homeowner, automobile owner, whatever business are, they are they
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waking up to this reality slowly. I think that's that real fast. Right
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now, we still have many, many places saying they're going green, but
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we're going to see more and more problems. One of the things that's occurring
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though, is putting out up all as wind and solar requires vast amounts of
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land, and we're starting to see this being opposed in places like Michigan and
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Ohio and other places. People don't want to pay for it. They don't
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want the land to be taken up by these systems. See Robert Bryce tracks
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these rejections of renewable systems, and that's been rising quite a bit over the
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last few years. So it's getting tougher and tougher for these things to be
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deployed. And the goal of fifty eighty or one hundred percent renewable is far
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far out of reach. All right, Well, so maybe the world is
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going to come to it. Sens is, Hey, we want to read
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your work, We want to find out more about you, Steve, Where
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do you go to get the latest from Steve. Right so, my books
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The Mad Mad Mad World of Climatism, Green Breakdown, The Coming Renewable Energy
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Fail. I think you get signed copies of those from my website Steve Gorham
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G O R E H A M dot com. They're also on Amazon and
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there are ebooks available as well. As a matter of fact, Green Breakdown
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was a number one in the energy policy category last week. It jumps up
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and down, but it's doing pretty well. So you know, if people
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are worried about that solar farm next to them, or the wind system in
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the next county, or losing their gas stove or their gasoline car, they
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really should read this book and push back on their leaders. All right,
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Well that's a good thing. Hey, you've got a question for Steve myself
19:36
kl at Carrie lets dot com. The link to Steve's site is on our
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site, Financial Survival Network dot com. Go there, pick that link.
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While you're there, subscribe to our newsletter. Steve. Always a pleasure.
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Thanks for stopping by. Until the next time, Carrie, Thanks for listening
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to Carrie Letz's Financial Survival Network your solution to today's trying times. For the
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latest, go to Financial Survivalnetwork dot com Financial Survival Network now more than ever,