The Cost of Energy chart you published this week could not be more misleading. It compares two intermittent sources of electricity, wind and solar, with thermal power sources coal, gas, and nuclear. The latter three run 24/7. Wind and solar-not so much! In fact, the chart would only be accurate if the wind blew and the sun shined constantly. When they don't, thermal plants carry the load and keep your lights on. If we transition to a grid solely powered by renewables, then whenever "night" and "calm" happen, we'll be living in the dark. Please don't fall for the fantasy of grid scale storage of renewable power. It doesn't exist, and won't due to the astronomical costs involved to bring it to scale.
I just listened to your interview with Kalani which had some good insights and added your Substack as a link on the frontpage of my website http://www.emergingmarketskeptic.com/ (have not bought a security cert yet, so your browser may give you an annoying warning).
Not so sure if the posts I am doing on Substack would interest you or your clients as I am trying to grow subscriptions:
For Asian stocks, check out "Identify fraud through financial statements" https://www.youtube.com/watch?v=v1keAW2YX_k (Joe Studwell's books like Asian Godfathers and How Asia Works also do a good job of covering all tricks they play out here)
As a further example, Buffett wasn't above falling for a fraud: https://www.theguardian.com/business/2020/may/19/german-company-allegedly-cons-warren-buffett-out-of-643m
The Cost of Energy chart you published this week could not be more misleading. It compares two intermittent sources of electricity, wind and solar, with thermal power sources coal, gas, and nuclear. The latter three run 24/7. Wind and solar-not so much! In fact, the chart would only be accurate if the wind blew and the sun shined constantly. When they don't, thermal plants carry the load and keep your lights on. If we transition to a grid solely powered by renewables, then whenever "night" and "calm" happen, we'll be living in the dark. Please don't fall for the fantasy of grid scale storage of renewable power. It doesn't exist, and won't due to the astronomical costs involved to bring it to scale.
thanks for this. this is what happens when non-energy investors post things on energy :)
You can read „7 signs of ethical collapse“ to better spot frauds.
thank you. will add to the reading list.
I just listened to your interview with Kalani which had some good insights and added your Substack as a link on the frontpage of my website http://www.emergingmarketskeptic.com/ (have not bought a security cert yet, so your browser may give you an annoying warning).
Not so sure if the posts I am doing on Substack would interest you or your clients as I am trying to grow subscriptions:
- https://emergingmarketskeptic.substack.com/p/em-fund-stock-picks-commentary-disclaimer
- https://emergingmarketskeptic.substack.com/p/em-fund-stock-picks-commentary-february-28-2023 (latest one)
For Asian stocks, check out "Identify fraud through financial statements" https://www.youtube.com/watch?v=v1keAW2YX_k (Joe Studwell's books like Asian Godfathers and How Asia Works also do a good job of covering all tricks they play out here)