Carbon Pricing Is Now Forcing Electricity Prices Higher, Not a lot of people know that!

https://notalotofpeopleknowthat.wordpress.com/2022/02/10/carbon-pricing-is-now-forcing-electricity-prices-higher/

Carbon Pricing Is Now Forcing Electricity Prices Higher
I shall not be crucified upon this cross of Carbon Credits.
Bryan’s “Cross of Gold” Speech: Mesmerizing the Masses
The most famous speech in American political history was delivered by William Jennings Bryan on July 9, 1896, at the Democratic National Convention in Chicago. The issue was whether to endorse the free coinage of silver at a ratio of silver to gold of 16 to 1. (This inflationary measure would have increased the amount of money in circulation and aided cash-poor and debt-burdened farmers.)
Question. What is the World’s Energy Budget?

Energy and Money are intimately related, which of the two is real? That might sound like a strange question why would I pose it here?
Fredrick soddy called money the Nothing you get for something before you can buy anything. Essentially money is a measuring unit whether applied to exchange prices or Net worth ( wealth) calculations
when all is said and done though it is the “Something” that has real use-value in Soddy’s little rhyme, not the Monetary unit.
Energy is an equally slippery something to nail down but whether its the Tiger in your tank or Energy for life and creature comforts.

Measuring Energy with monetary units gives us pence or cents per Kilowatt hour or dollars or Kronor per Gallon or Litre in £kw/h and £per Gallon you see that the £sign is the nothing you get and the Gallon or KW/h is the something you get for that nothing. Before deciding which unit of measurement to allocate any something by, one has to decide how much of the something is available and how much of it we feel we need before the next occasion we need to access some more. As individuals we may fill our gas tanks every week, have a propane gas delivery or oil delivery for heating once a quarter, Where our Electricity and gas services or sewage and freshwater services are connected to a utility service then our metered supplies will come with the particular payment plan each utility provider offers, usually these days according to our credit scores.

Energy though is something which does something, money is a ticket price of entry or access and that is the important point to take away from The First day to Sunday.

Of the Second way. He who has the Gold makes the rules.

The late Richard Douthwaite explains very well how Energy and economic activity are intimately related, for this second day on the way to Sunday we will continue to focus on how much energy is available over the period which we can sensibly plan our budget. The slide in the screen capture shows the anticipated Peak Oil moment in around 2015, as it turned out the Peak was shortlived, in any event by a pretty well documented and accepted view there are at least 50 years of Oil reserves available, and should we be making a sensible plan 50 years ahead is actually pretty ambitious after all predictions are difficult especially about the future.

Gold was primarily an energy currency because more energy meant more gold, and cheaper energy made cheaper gold.
Gold standard broke down when the Spanish raided America and then Spain started to import everything and lost their interest in making things themselves.
The curse of oil — too sudden an influx of money.
If you have a source of energy under your control, then you have the power to decide what is done.
Importing energy is like a loss of sovereignty.

Control the debt. Control the Access to energy.

Swing production control through Carbon Credits.
Carbon credits and carbon footprints even tons of carbon equivalent metrics are ubiquitous in much modern Sustainable economics literature. Carbon emissions are a handy proxy for how much “Fossil fuel is burnt” some more Sophisticated analysis from say the WEF tend to use Hydrocarbons instead of “Fossil Fuels” but the big three energy sources are Coal, Gas, and Oil and in that order regardless of the present consumption patterns which are definitely not! Market determined. Following the big three, there are two other Staples of modern Energy production and these are Nuclear and Hydro Electric. Then there are Wind, Wave, and Solar which is usually referred to as “Renewables.”
In the Carbon Credit and Carbon debit system of Cap and Trade and Al gores Billions, The Big Three are Debits, Nuclear is a Don’t know and Hydro Wind Wave and solar are Credits. In the available energy budget on the Debit side, we have 94% and on the credit side 6% The Ratio is interesting, Bear it in mind, it also appears in the slides in the William Jennings Bryan video above.

So the good credits for renewables amount to 5.7% of 2020 production and growing if the current dispute at the Eu where Nuclear and Natural gas are touted for inclusion in the definition, In any event, the blueprint for the Credit side of the Carbon monetary equation has 5.7% of the supply of good energy ranged against 94.3 % of the energy supply which is bad.
let’s say 6/94 or a ratio of 15.6 to 1.

The History of the Gold-Silver Ratio
Historically, the gold-silver ratio has only evidenced substantial fluctuation since just before the beginning of the 20th century. For hundreds of years prior to that time, the ratio, often set by governments for purposes of monetary stability, was fairly steady.

The Roman Empire officially set the ratio at 12:1. The ratio reached 14.2:1 in Venice in 1305 and remained at this level up until 1330 when it fell to 10:1. In 1350 it fell to 9.4:1 in some places across Europe. It climbed back to 12:1 in the 1450s.1 The U.S. government fixed the ratio at 15:1 with the Coinage Act of 1792.2

The discovery of massive amounts of silver in the Americas, combined with a number of successive government attempts to manipulate gold and silver prices, led to substantially greater volatility in the ratio throughout the 20th century.

If one observes the long game the dominant Narrative of the past 30 years is CLimate Change and CO2 emission being the only think anyone need to focus upon. The Carbon footprint narrative is by a long chalk well ahead of the curve even with the relatively short but seemingly endless Pandemic and Vaccine Narratives of the Past two years. John here on the slog in his naming name series called out Larry Fink of Blackstone, Blackstones Going Direct is considerably more powerful a control lever on what happens next than the efforts of Bill Gates and Dr Fauci to enrich Big Pharma and themselves, Gates also has a bigger card in the game and that is Digital ID and its relationship to both Near earth Satellite networks and the 5G networks, which coincidentally really were rolling out at the same Time as the Wuhan Event, also in coincidentally Wuhan. The Vaccines and Vaccine Injury is very much closely related to the Adjuvants and not necessarily the Pathogen dose delivered in the solution of the Adjuvant. It is the Adjuvant rather than the disease which is of interest to the 5G / ID aspects of what the past two years have really been all about. The Repo Spike in Newyork on September the 19th was the starting pistol, of course, the dress rehearsal was Event 201, The Objective was almost certainly to gain widespread acceptance of DIgital ID’s on Smart Phone devices and possibly by stealth through Nano technology within the Adjuvant solutions in the MRNA vaccines( Experimental Gene Therapies?). SO what about Climate Change , COS and all that, no its not the Graphine found in some adjuvant samples but the Rationing of Carbon through a Carbon based currency which is why the CLimate Change Agenda particularly the CO2 control knob is so important. My Blog today shows that the ratio of Good Energy ( renewables) for which Carbon Credits will be created and Bad Energy of “Fossil Fuels is 16:1 there are various combinations which could see the ratio vary but essentially as with The Gold Standard a Carbon Credit Renewables Standard has the same ration as the Historical Bi-Metallic ration known to numasticists the world over. A deflationary centralised banking regime will be able to impose Austerity to an authoritarian extent extending to a population control mechanism, This is a far more likely delivery mechanism for Rapid population reduction policies than any Vaccination regime, Famine equally is a far more effective and efficient means of population reduction than certainly War or any other form of genocide, also for the Authoritarian regime deploying ity it is also complete with a shield of plausible deniability. Just my 10 cents per KW/h or my 100 euros/tonne of CO2
https://www.reuters.com/business/energy/europes-carbon-price-nears-100-euro-milestone-2022-02-04/

The Six Ways on Sunday, Carbon Currency end game 16 to 1 on, what are the odds of that?

The Seeds Cart before the Usury Horse. Why SEEDS ECOE Doomsday has not and may never arrive.
Dr. Morgan is quite right regarding how essential Energy is to a modern economy.
The price of energy production is of course logically connected to the available energy or Surplus Energy available for productive purposes within the real economy. This tautology is though only part of the story.
Before reaching the same conclusion that the inevitable age of surplus energy has arrived the Nature of the Debt-based model used in the creation of the money used as the measure of and currency for exchange in modern political economy must first be accounted for. A sensible explanation of the main contributory causes of the present difficulties faced by the Global economy particularly in the Post Fordist developed economies is assisted with a judicious application of Occam’s razor..
Dr Morgan says that “before the coronavirus crisis, Britain had been borrowing more than £4 for each £1 of “growth” whilst this is broadly correct the allocation of the debt, largely to the FInancialised sector for speculation on non-productive purposes such as Share buybacks, and purchases of existing assets and not for production actually make Professor Richard Werner’s work of the dis-aggregated theory of credit a much more significant cause of the low growth delivered by each additional unit of debt. and not the energy cost of Energy, Ecoe is a theory whose time has not come and may still not ever arrive.

The Seeds Cart before the Usury Horse. Why SEEDS ECOE Doomsday has not and may never arrive.

Putting the Peakist cart before the usury horse. The Carbon Credit crucifixion of democracy.

Gail in this article is putting the Peakist cart before the usury horse.
The renewables carbon credits relationship is designed to replace the PetroDollar as world reserve currency with renewables production replacing Saudi Arabia as the world swing producer of Oil which in turn regulates the global money supply and access to energy resources.

Putting the Peakist cart before the usury horse. The Carbon Credit crucifixion of democracy.

https://surplusenergyeconomics.wordpress.com/2022/02/02/221-strategies-for-a-post-growth-economy/comment-page-2/#comment-28987

Don Stewart on February 10, 2022 at 3:39 pm said:
A Few Thoughts Triggered by Gail Tverberg’s Article
*In the US we are going through a political process which puts “America First”. From what I read, the same thing may be happening in China. That is, corporations are seen as franchise holders: governments give the corporations franchises to extract money from a defined population in return for subservience to a central authority. This is in contrast to the “globalization” agenda which was dominant 25 years ago. Corporations at that time were seen as global organizations seeking the best return on capital. 70 years ago corporations were seen as serving the state and vice versa…Engine Charlie Wilson said, during the Eisenhower years, “what’s good for General Motors is good for the USA”.
*So if the nation state is now increasingly seen as something to be optimized, the question is how to do it. And, broadly speaking, that can be done in four different ways: military power; control over limited resources such as fossil fuels or scarce minerals; minimum cost of production (e.g. quality of workforce, availability of infrastructure, etc.); access to reserve currency.

Gail’s post mostly tends to function in terms of looking at the resources.

Another way of analyzing things is contained in this brief comment:
“Only 2%–5% of current-day hunter gatherers are overweight and less than 1% are obese (Gurven et al., 2013; Kirchengast, 1998; Remis and Jost Robinson, 2014; Walker et al., 2006). This is in contrast with industrialized countries such as the United States, where 74% of people are overweight and approximately 40% are obese (Hales et al., 2020; Malik et al., 2020). This trend is increasing worldwide with increasing industrialization (Malik et al., 2020). Therefore, our ongoing relationship with food in industrialized countries could be considered a form of maladaptation in terms of its quantity, quality, and frequency.” The gist of that is that modernization and high income per capita come with costs which may more than offset any benefits.

There are plenty of people looking at Geopolitical maneuvering. And occasionally somebody dares to mention the potential for an upheaval in reserve currencies.

My suggestion is that the difference between seeing Apple or Facebook as global corporations or as vehicles of the US government is a profound distinction which frequently gets muddled. Silicon Valley has had a love/hate relationship with regard to being arms of the US Government. The fact that Saudi Arabia produces surplus oil is perhaps important, but there is seldom a distinction between enriching the princes and promoting the general welfare of Saudis. An economist would point out that any oil produced in Saudi which is not sold to the highest bidder leaves money on the table. Gail states several times that only surplus energy will be exported. So she is representing the “nation state” viewpoint rather than the globalized capital viewpoint.

As I see it, from a US perspective, much of the discussion around debt and money is intimately tied to the reserve currency. The US has an “extravagant privilege” whereby foreigners pay for our waste. But continued waste in the magnitude we currently produce it may lead to a catastrophic failure.

In terms of the military angle, the US may have produced an “obese” military by spending more money than the rest of the world combined.

My overall suggestion is that analyses need to strive for clarity in terms of exactly how they are dealing with relative advantage when it comes to nation states…or corporations, in a globalist model. Simply extrapolating current relationships into the future is probably not a good idea.

Don Stewart

Reply ↓

rogerglewis
on February 11, 2022 at 12:46 pm said:
Your comment is awaiting moderation.
@Don
Gail is Putting the Peakist cart before the usury horse. all of which leads to The Carbon Credit crucifixion of democracy.
The world monetary system is moving to a renewables-based carbon credit standard. The price of carbon credits and the control of carbon credit allocation will allow the Central Bank digital currency authority to control all aspects of life on earth. A Carbon-based credit state monopoly feudalism is the end goal of the 4th Industrial revolution and the World Economic Forums Great Reset.
Seeds is putting, The Seeds Cart before the Usury Horse. And the evidence of SEEDS ECOE does not prove that Doomsday has arrived and it may never arrive.
Here https://radixuk.org/opinion/12799-2/ Tim says that “before the coronavirus crisis, Britain had been borrowing more than £4 for each £1 of “growth” whilst this is broadly correct the allocation of the debt, largely to the FInancialised sector for speculation on non-productive purposes such as Share buybacks, and purchases of existing assets and not for production actually make Professor Richard Werner’s work of the dis-aggregated theory of credit a much more significant cause of the low growth delivered by each additional unit of debt. and not the energy cost of Energy, Ecoe is a theory whose time has not come and may still not ever arrive.
Carbon Pricing Is Now Forcing Electricity Prices Higher, Not a lot of people know that!
Carbon Pricing Is Now Forcing Electricity Prices Higher
Swing production control through Carbon Credits.
Carbon credits and carbon footprints even tons of carbon equivalent metrics are ubiquitous in much modern Sustainable economics literature. Carbon emissions are a handy proxy for how much “Fossil fuel is burnt” some more Sophisticated analysis from say the WEF tend to use Hydrocarbons instead of “Fossil Fuels” but the big three energy sources are Coal, Gas, and Oil and in that order regardless of the present consumption patterns which are definitely not! Market determined. Following the big three, there are two other Staples of modern Energy production and these are Nuclear and Hydro Electric. Then there are Wind, Wave, and Solar which is usually referred to as “Renewables.”
In the Carbon Credit and Carbon debit system of Cap and Trade and Al gores Billions, The Big Three are Debits, Nuclear is a Don’t know and Hydro Wind Wave and solar are Credits. In the available energy budget on the Debit side, we have 94% and on the credit side 6% The Ratio is interesting, Bear it in mind, it also appears in the slides in the William Jennings Bryan video above.
So the good credits for renewables amount to 5.7% of 2020 production and growing if the current dispute at the Eu where Nuclear and Natural gas are touted for inclusion in the definition, In any event, the blueprint for the Credit side of the Carbon monetary equation has 5.7% of the supply of good energy ranged against 94.3 % of the energy supply which is bad.
let’s say 6/94 or a ratio of 15.6 to 1.
Just my 10 cents per KW/h or my 100 euros/tonne of CO2

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Author: rogerglewis

https://about.me/rogerlewis Looking for a Job either in Sweden or UK. Freelance, startups, will turń my hand to anything.

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