WASHINGTON — It may take more than three years to reach the Federal Reserve’s inflation goals, Fed Chair Jerome Powell told lawmakers on Wednesday, a further signal the U.S. central bank plans to look beyond any post-pandemic spike in prices and leave interest rates unchanged for a long time to come. “We are just being honest about the challenge,” Powell told the House of Representatives Financial Services Committee when asked about Fed projections that inflation will remain at or below the central bank’s 2% target through 2023. The Fed has said it will not raise interest rates until inflation has exceeded 2% and “we believe we can do it, we believe we will do it. It may take more than three years.” Nick Note: All this talk about rising inflation causing the Fed to raise rates is beyond stupid. Reality is the vaccines work and the economy is opening back up with the most accommodating Fed i have ever seen….. and a great big 2 trillion stimulus bill is weeks away. Set the captives free… to shop, travel, eat out and vacations galore…… And companies will see the cash pour in for as long as it lasts…..
Yesterday Dow turns positive after 360-point loss
The Dow Jones Industrial Average bounced back from steep losses and closed the session in the green on Tuesday after Federal Reserve Chair Jerome Powell relieved some of the concerns about higher interest rates and inflation. The blue-chip Dow wiped out a 360-point loss and closed 15.66 points higher, or 0.1%, at 31,537.35. The S&P 500 also reversed a 1.8% loss and ended the day 0.1% higher at 3,881.37.The Nasdaq Composite slipped 0.5% to 13,465.20 after dropping as much as 3.9% earlier. At its session low, the tech-heavy benchmark fell below its 50-day moving average, a key technical indicator, for the first time since Nov. 3 on an intraday basis. The intraday turnaround came after Powell said in his testimony to Congress that inflation is still “soft” and the economic outlook is still “highly uncertain,” easing fears of a policy change by the central bank. “The economy is a long way from our employment and inflation goals, and it is likely to take some time for substantial further progress to be achieved,” the Fed chief said in prepared remarks for the Senate Banking Committee. Inflation fears have risen in recent weeks amid a sharp rise in bond yields as policymakers debate another round of economic relief. Investors worry that a spike in prices due to federal stimulus could force the central bank to raise short-term borrowing costs. “The Fed is focused on employment and seems very willing to absorb higher inflation and excesses in financial market that brings financial instability in hopes of getting there,” Peter Boockvar, chief investment officer at Bleakley Advisory Group, said in a note. “But, as seen in the long end of the yield curve, the markets have a say here too and they are speaking loudly. Hopefully at some point Fed officials will listen.” High-flying tech stocks, which came under pressure amid higher interest rates, pared losses after Powell’s remarks. Tesla closed 2.2% lower after sliding as much as 13% earlier. The electric car maker suffered a 9% decline in the previous session. Apple’s stock dipped just 0.1% after falling 6% earlier. Energy and financials — two of the best-performing sectors this year — once again supported the market Tuesday as investors snap up names they think will benefit from an economic recovery. The energy sector gained 1.6%, bringing its 2021 rally to nearly 27%.
Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, believes cyclical stocks will lead the market to new highs in the rest of the year on the back of earnings upside and optimism on the economic reopening.
“Rising rates — a benefit to Financials — and copper and oil prices — a boon for Industrials, Energy, and Materials — further augment this favorable backdrop,” Golub said in a note Tuesday.
Credit Suisse upped its S&P 500 year-end target to 4,300 from 4,200 previously. The new forecast represents a 11.5% rally from here.
Small caps were the relater underperformer with the Russell 2000 dropping 0.9% Tuesday, paring its February gained to 7.6%. These beaten-down value shares have been outperforming the S&P 500 in 2021 amid optimism toward the vaccine rollout and the economic reopening. Nick Note: Yes i do see the future and i stuck to my guns in the sell off. I so said that their was a reflation AND NO inflation. and yesterday i stood aside told you do nothing and watched the spot NADSQ 100 plunge to 12760 (panic liquidations of the stupid money) to only reverse. As i write this the spot market is at the 13260 level. A 500 point reversal. So the range was from a 13800 high bases our trades to say 1000 point drop. And almost half of this drop has reversed and it was a brilliant call to hold and add more. Now if your trading as you should andinstead back your bet when your panicked … well you know the rest. For the record in our CFD account we bought MORE yesterday at 13,009, 13,094, 13,209 bringing our average down to 13,548. Our OTE loss is 202,487. when you subtract the previous booked profits of 126,000 our net loss is only 76,487. And when the market goes up only 300 more points the loss is erased. So if you could not follow this i urge you to sign up to CFD trading self directed… I have a few slots left. By the way documents are at the printer and should be with you for your OK soon. WHICH MEANS THE HARD PART HAS BEEN COMPLETED THE STRUCTURES WE NEED ARE IN PLACE…. ALL THAT IS LEFT IS THE PAPER WORK!
And for the record i declared the bottom yesterday and sent you several push notifications that said “The Bottom IS In” then followed up with a message “Buying My Own Bullshit…..I have to buy” and my next message “I buy bottoms” So tell me did any other swinging Dick or Hot Pussy tell you about the bottom? Did you see any headline anywhere? Why don’t you get you head out of your ass and switch your liars, thieving futures account to a self directed CFD trust so you can stop the fucking? A few slots left and when they are done i can not tell you when i can open it up again…..
Powell doesn’t see how spending burst can push inflation
Federal Reserve Chair Jerome Powell said on Tuesday that he doesn’t see how a burst in fiscal support or spending could lead to high inflation in the United States.
Powell’s comments are in contrast to the increasing optimism among many analysts that the economy will grow rapidly later this year. That outlook has also raised concerns, though, about a potential surge in inflation and has fueled a sharp increase in longer-term interest rates this year.
Most economists say they think the Fed’s continued low rates, further government financial aid and progress in combating the viral pandemic could create a mini-economic boom as soon as this summer. Powell acknowledged the potential for a healthier economy. But he stressed the personal hardships caused by the pandemic, especially for unemployed Americans. “As with overall economic activity, the pace of improvement in the labor market has slowed,” Powell said. “Although there has been much progress in the labor market since the spring, millions of Americans remain out of work.” Powell’s focus on the economy’s challenges reflects his reluctance to send any signal that the Fed is considering pulling back on its efforts to boost economic growth and hiring. The Fed cut its benchmark short-term interest rate to nearly zero last March in response to the pandemic recession. It is also purchasing $120 billion a month in bonds in an effort to hold down longer-term rates. Powell reiterated that those purchases will continue until “substantial progress” has been made toward the Fed’s goals of low unemployment and stable inflation at about 2% annually. The economy may improve rapidly later this year, Powell said, “but the job is not done yet, the job is not done.” Powell also downplayed concerns about rising longer-term interest rates and potentially higher inflation, which some analysts worry will result from a burst of spending and growth if the pandemic is brought under control later this year. The Fed chair also refused to endorse or condemn President Joe Biden’s $1.9 trillion economic rescue package, which is beginning to make its way through Congress. When asked by Sen. John Kennedy, R-La., if he would “be cool” with Congress approving or voting down Biden’s proposal, Powell said, “By either being cool or uncool, I would have to be expressing an opinion. … which I’m not doing.” Powell has previously endorsed government spending in general to offset the impact of the recession. The Fed chair also acknowledged that prices could rise later this year if Americans engage in a burst of spending as the coronavirus comes under control. But Powell emphasized that he doesn’t expect sustained price increases. Inflation has been held down for decades by greater international competition, growing online commerce, and other trends that take time to change, he said. “I do not expect that we’ll be in a situation where inflation rises to troublesome levels,” Powell said. Powell’s remarks to the Banking Committee are coming on the first of two days of semiannual testimony to Congress that is required by law. On Wednesday, he will testify to the House Financial Services Committee. His testimony comes as the economy is showing gradual improvement in key areas, with manufacturing and retail sales rebounding despite a stagnant job market. Still, the steady rise in interest rates has unsettled the stock market. On Monday, the tech-heavy Nasdaq index tumbled a steep 2.5% as the yield on the 10-year Treasury note surged to nearly 1.37%. At the start of the year, the 10-year yield was below 1%. Powell attributed that increase to optimism about a potential acceleration in growth. “In a way it’s a statement of confidence on the part of markets that we will have a robust recovery,” Powell said. Rising rates typically reflect optimism that the economy is poised to expand more quickly. But they can also weaken growth, especially if the Fed were to respond to rising inflation by raising its benchmark rate faster than markets expect. For now, interest rates remain, by historical standards, exceedingly low. As recently as the fall of 2018, for example, the 10-year yield briefly topped 3%. But especially since the pandemic recession paralyzed the economy last spring, the economy and the markets have drawn strength from near-record-low borrowing rates. Many analysts are bullish about the prospects for this year, once more vaccines are administered, the pandemic is brought under control and further government rescue aid works its way through the economy. On Monday, Michelle Meyer, an economist at Bank of America, raised her forecast for growth this year to 6.5%. That would be the strongest calendar year economy growth since 1984. Still, the job market remains essentially stalled, with employers adding an average of just 30,000 jobs a month in the past three months. The economy is still about 10 million jobs short of its pre-pandemic level.
Dollar bounces off six-week low as traders prepare for Powell
LONDON (Reuters) – The dollar rebounded off six-week lows on Tuesday as investors’ focus shifted to how U.S. Federal Reserve chief Jerome Powell might respond to resurgent inflation expectations, while commodity-linked currencies hovered near multi-year highs. The recent rise in inflation expectations as investors bet on a post-pandemic economic recovery and the so-called “reflation” trade has lifted U.S. government bond yields. That had fed through to a higher dollar until earlier this month when the greenback resumed its decline. Analysts expect Powell, who testifies before Congress at 1500 GMT, to provide some reassurance that the Fed will tolerate higher inflation without rushing to raise rates. That might calm bond markets and eventually weigh on the dollar, they said. “Mr. Powell will very likely reiterate that the Fed is a long way from meeting its goals and that it will likely take some time before “sufficient progress” has been made to taper its bond purchase program,” UniCredit analysts said. The dollar index was last at 90.143, up 0.1% on the day, having earlier fallen to 89.941, its weakest since Jan. 13. Positioning data shows investors overwhelmingly betting that a U.S. dollar, which has been dropping since last March, will keep falling as the world recovers from the COVID-19 pandemic. Nick Note: Powell will do his job ans sooth the markets in today’s testimony
No fundamental shift in inflation expectations – Fed’s Barkin
Federal Reserve Bank of Richmond President Tom Barkin said on Monday that he doesn’t see a fundamental shift in inflation expectations in the United States. Barkin noted that profound disinflationary pressures exist but that the Fed has shown it has tools to counter an undesirable increase in inflation. Last summer, the Fed changed its monetary policy from target inflation of 2% to an inflation target of 2.5% on average. Nick Note: the pandemic is over and the economy is back. And we will enter a deflation. the stimulus and psychology of set the captives free will create the greatest spending orgy ever. And stock market rally. The Fed Chairman is due to give his semi annual testimony tomorrow and the markets will hang on his every word.
Israeli studies find Pfizer COVID-19 vaccine reduces transmission
JERUSALEM (Reuters) – Pfizer’s COVID-19 vaccine greatly reduces virus transmission, two Israeli studies have found, shedding light on one of the biggest questions of the global effort to quash the pandemic.
Data analysis in a study by the Israeli Health Ministry and Pfizer Inc found the Pfizer vaccine developed with Germany’s BioNTech reduces infection, including in asymptomatic cases, by 89.4% and in syptomatic cases by 93.7%.
Findings of the pre-published study, not yet peer-reviewed, but based on a national database that is one of the world’s most advanced, were first reported by the Israeli news site Ynet late on Thursday and were obtained by Reuters on Friday. Pfizer declined to comment and the Israeli Health Ministry did not respond to a request for comment. A separate study by Israel‘s Sheba Medical Center published on Friday in The Lancet medical journal found that among 7,214 hospital staff who received their first dose in January, there was an 85% reduction in symptomatic COVID-19 within 15 to 28 days with an overall reduction of infections, including asymptomatic cases detected by testing, of 75%. More research is needed to draw a definitive conclusion, but the studies are among the first to suggest a vaccine may stop the spread of the novel coronavirus and not just prevent people getting ill. Michal Linial, a professor of molecular biology and bioinformatics at Jerusalem’s Hebrew University, said the findings were a big step towards answering one of the most important questions in combating the pandemic. “Whether it is 75 or 90 percent reduction doesn’t matter – it is a big drop in transmission,” Linial said. “It means that not only is the individual vaccinated protected, the inoculation also provides protection to his or her surroundings.” The researchers said further study was needed on asymptomatic transmission among people fully vaccinated because they are less likely to be tested for COVID-19. Vaccine developers have also said more research was needed on transmissibility. In December, Germany’s BioNTech said it would take three to six months more study. Leading the world in its vaccination roll out, Israel’s universal healthcare and advanced data capabilities have provided a nationwide database that can offer insights into how effective the vaccines are outside controlled clinical trials. The Health Ministry/Pfizer study analysed data collected between Jan. 17 and Feb. 6, looking at individuals who had been fully vaccinated, after receiving their second Pfizer shot. To date more than 30%, or 2.8 million of Israel’s nine million population have received both doses. Sheba’s study found that just the first dose of Pfizer’s vaccine was 85% effective, potentially fuelling a debate over the recommended two-dose schedule. Canadian researchers in a letter published this week suggested that the second Pfizer dose be delayed given the high level of protection from the first shot to increase the number of people getting vaccinated. The U.S. Food and Drug Administration said in December data from those trials showed the vaccine began conferring some protection to recipients before they received the second shot, but more data would be needed to assess the potential of a single-dose shot. Pfizer has said alternative dosing regimens of the vaccine have yet to be evaluated and that the decision resided with the health authorities. Another caveat is that the cohort studied at the hospital were “mostly young and healthy,” Sheba epidemiologist Gili Regev-Yochay said. Unlike with Pfizer’s clinical trial, “we don’t have many (staff) here aged over 65,” she told reporters. But she also said the Sheba study took place during a surge in coronavirus infections in Israel, which flooded hospitals with new cases. Pfizer declined to comment on the data, saying in a statement it was doing its own analysis of “the vaccine’s real-world effectiveness in several locations worldwide, including Israel”. Both studies’ findings compared with overall efficacy of around 95% in a two-dose regimen 21 days apart. The Health Ministry/Pfizer researchers found the vaccine to be effective against the British coronavirus variant that makes up about 80% of Israel’s confirmed cases. Eran Kopel, an epidemiologist at Tel Aviv University said the Sheba study was important, but it focused on one hospital and a relatively small group of people, so “one could not draw clear-cut epidemiological conclusions from it”. The Health Ministry’s data was encouraging, he said, but further research and regular surveys were needed. “The vaccinations are a very good tool but this is hardly the end. This is a dynamic virus that has surprised the scientific world with its fast pace of change and variety,” he said. Nick Note: The mRNA vaccines is truly a scientific miracle. It is extremely good news that the vaccine may also stop vaccinated people from becoming asymptomatic super spreaders. A little birdy told me that Phizer has given there vaccines a expiration date in August. And they can now cook up a new batch in 3 months. It use to take 6 months. So its good news and good news. The vaccines is well tolerated in huge (populations) numbers of people. It is the most effective vaccine ever and and and its easy to make a completely safe booster shot that will protect from the mutations any RNA based virus can throw at us.
Gates: Reaching net-zero emissions by 2030 unrealistic
Microsoft co-founder Bill Gates said on Sunday that he considers efforts to reach net-zero greenhouse gas emissions by 2030 “completely unrealistic.” Billionaire and Microsoft co-founder Bill Gates said on Sunday that plans to achieve carbon neutrality by 2030 are “completely unrealistic.” “It’s completely unrealistic to think we could eliminate emissions by 2030,” Gates told Fox News. “Not seeing that this problem is hard will be part of the difficulty of getting engaged in it,” he added. Gates went on to warn worsening climate issues would affect other geopolitical factors. “The migration that we saw out of Syria for their civil war was somewhat weather-dependent,” he said. “We’re going to have 10 times as much migration because the equatorial areas will become unlivable, you won’t be able to farm or go outside during the summer.” “It’s all a matter of degree,” he added. “If we wait 10 more years it’s not as bad as if we wait 20 or you wait 30 because the temperature just keeps going up.” Wallace also asked Gates about his view of the rollout of coronavirus vaccines, to which Gates responded, “this is giving us light at the end of the tunnel” but “we do need to get the logistics right.” “I’m hopeful that we’re going to get more schools reopened, by the time we get to the fall we should avoid the wait there because the level of vaccination will be very high,” he added. Gates’s remarks come as the U.S. nears the milestone of 500,000 coronavirus deaths, the highest of any country by far. The nation has also seen declining virus cases and over 10 percent of the country receiving at least their first dose of the vaccine. Nick Note: in recent weeks the major car companies have all “PLEDGED” to go electric and carbon neutral…… What a load of shit. its just plain not going to happen.
Rope access technicians or ‘Acrobats of wind’ make their living at heights
“When wind turbines were first installed, they are installed with huge cranes and high platforms. As you know, [turbines are installed] in places that are far from the city centre and difficult to reach. Once these turbines are installed, it is not easy to procure a crane for periodic maintenance at points such as wings or shadows of wind turbines. That’s where rope access technicians step in. After reaching that point, the whole operation related to the work is performed in this step.”
Rope access technicians in western Turkey provide services for wind power plants performing maintenance work at hundreds of meters on wind turbines.
They carry out their work in situations which would appear more like ‘acrobatics’ to most people, on the end of ropes, tens of meters above the ground, sometimes above the sea and into really confined spaces.
Increased renewable energy investments in Turkey, has over 3,500 wind turbines. Turbines, where huge cranes and high platforms are used during the installation phase, require routine maintenance and repair work in certain periods. Therefore, the number of rope access technicians who maintain and repair turbines has increased in the growing sector. To become a rope access technician who do not to have a fear of heights and confined spaces, the first step is to get the “Working at Height” certificate issued by organizations with Global Wind Organization (GWO) attending a certificate course. In the certification training, the candidates have to receive hard training and prepare for all scenarios that may occur at height. Candidates get certificated if they pass the exam at the end of the training. After completing technical training, the field mission of rope access technicians begins. The work of technicians climbing the turbines takes about 1 hour on each wing. As turbines are installed in places that are far from the city center and difficult to reach, it is not easy to procure a crane for periodic maintenance at points such as wings or shadows of wind turbines. “That’s where rope access technicians step in.” said Baris Ates, a rope Access instructor of Mira Rope Access company in Izmir province. He added “After reaching that point and reaching that point, the whole operation related to the work is performed in this step. “Excitement mixed with slight fear, of course, I have felt” rope access technician, Ali Basaran, said, sharing his experience on the day he climbed on tribune for the first time. With his seven years of experiences in the sector, he noted “Height is something that can be used. Over time, you can overcome those fears with experience.” Nick Note: wind turbines are located in the most hostile environments in the world like the north sea. Subject to wind, salt, hailstones and birds strikes the blades get chewed up. Requiring constant maintenance and protective coatings. Turbines are really really are unworkable. Do i really want to invest in a machine that takes spider man to do routine maintenance, And a crain barge to replace the major components? Now don’t get me started on the OFTEN planetary gear and bearing failures. The wind speed has to be just right. To little wind the blades stall. To fast they have to go to free wheeling mode because if you spin the turbine to fast it will fly apart.
Fed’s Williams: Not concerned about stimulus being excessive right now
A top Federal Reserve official on Friday pushed back on persistent worries that the economy’s recovery from the pandemic-recession this year could be derailed by excessive fiscal stimulus from Washington or a sudden reversal of ever-rising asset prices.
New York Fed President John Williams, a close ally of Chairman Jerome Powell, said he thinks the economy is still “in a very deep hole” and has a long way to go to get back to full strength.
In that light, Williams said “I am not really concerned about stimulus or fiscal support right now or anything like that. Really what I want to see is an economy that gets back to full strength as soon as possible.” He spoke in an interview with CNBC. Some economists think the $1.9 trillion Biden fiscal package is too large and could cause the economy to overheat. The yield on 10-year Treasurys has been steadily moving higher this month, and there is some concern it might slow the economy by raising borrowing costs. Williams said rising yields on longer term Treasurys reflects greater optimism about the economy “so it’s not a concern.” A separate report, released earlier Friday from the Federal Reserve, said “asset valuation pressures have returned to or exceeded pre-pandemic levels in most markets, including in equity, corporate bond, and residential real estate markets” Asked for comment, Williams said the rise in asset prices has been driven by optimism about the economy and expectation in financial markets that long-run interest rates will stay low. “The fundamentals kind of tell you that prices should be somewhat higher,” he said. Nick Note: First off their is no inflation and their will be no inflation. And remember i told you over a year ago the FED would step on the yield curve. Like a balloon you squeeze one end the other end gets bigger. As you are seeing the short end is going lower and the higher end is rising. Soon we will begin our ZERO operations. Money has got to find a home. Its like a hooker looking for a dick. When she finds one it makes her money and it feels good and it has another benefit.. it stops her pimp from beating the shit out of her and she has got money for drugs… so even if the dick did not feel good at least she got high. The biggest pimp in the world is your broker…… The biggest whore is the stock market and the Dicks are the “inverters..”. who just like with the whore they are giving her money, getting fucked,,, and the disease they catch is the guaranteed wipe out.
Cold, lack of water overwhelm Texas hospitals A glimpse of your grenniee winniee future
(Reuters) – Texas doctor Natasha Kathuria has practiced medicine in 11 countries, worked through the 2014 “Snowmageddon” storm that ground Atlanta to a halt, and survived the past year’s COVID-19 pandemic crush. But Kathuria and some other doctors in Texas are saying they have never seen a more harrowing week than this one. Record-setting cold weather has cut water and grid energy supplies to hospitals across a wide swath of Texas. Electricity and water services were resuming, but many homes and some hospitals still did not have either on Friday. Half the state’s population was under a “must-boil” order to ensure water is safe. “We’re overwhelmed, way more than we’ve been with COVID,” said Kathuria, who works in several Austin-area emergency rooms. “This system failure has completely rocked us in our ERs – and in our own homes.” Many hospital staffers have stayed in the medical facilities all week – knowing there was no heat or water at home. At least hospitals have generators for basic electricity. Some had water hauled in to fill tanks or hired water tankers. Others had running but not potable water. Doctors in Austin, Houston and the Dallas area called the lack of water their biggest problem. Dialysis machines do not work without water, surgery equipment cannot be sterilized, and hands cannot be washed. Dr. Neil Gandhi, an emergency room physician and the regional medical director for the ER departments at Houston Methodist’s seven hospitals in the area, said those facilities were at 90% operating capacity by Friday afternoon. Earlier in the week, two were able to take only emergency patients, Gandhi added. “On top of the COVID pandemic, this has been a dual trauma event for both our patients and our providers,” Gandhi said. Ambulances struggled to reach people on roads that were not cleared because Texas cities have few snow plows and not nearly enough salt on hand. Doctors in stand-alone emergency care locations who routinely call the 911 emergency number for ambulances to transfer patients to hospitals had to wait more than nine hours for any to arrive – if they were available at all. Gandhi said that in Houston this week there were times when entire neighborhoods simply did not have any emergency medical services. Hospitals set up portable toilets. Inside, patient’s toilets were flushed by tossing in a bucket of water. Less critical dialysis patients delayed treatment, while others limited their time on machines. Rural hospitals across Texas were not only trying to treat patients under tough conditions, but also serving as de facto “warming centers” for the healthy, said John Henderson, president of the Texas Organization of Rural and Community Hospitals. Even with warmer weather forecast for next week there could still be a sea of broken water pipes and other damage. “We worried that when the sun comes out and the temperature goes up,” Kathuria said, “that it’s not necessarily the end in sight.” Nick Note: Arctic winter in the middle of a global warming crises in the south. That was not suppose to happen. Sounds like they need to pump out a lot more green house gases in Texas. Having lived off the grind for the most part since 1985 i think i could be considered a “knowledgeable” user. Especially since i designed and built my systems. I generate on average 100KW of power a day by solar. And i can tell you despite the fact i have massive battery banks that can run the place on full power mode for 3 days. i still need fossil fuel (LPG and Diesel) generator back up. And if we see clouds coming for a 5 day period we go into conversation mode. Which give me up to a week on batteries using the electric cars. What i am trying to explain is during winter bad weather i have to run generators because the solar panels and what is by solar standards massive battery reserves…. its still not enough. The grennie winnie battery back up for the gird just adds another unworkable solution to a unworkable solution to abandoning fossil fuel generation. Its insanity America has some of the biggest cleaning burning natural gas reserves in the world. The infrastructure is in. Go to natural gas as a electric generation and transportation fuel. BOTTOM line the sun does not shine at night and solar does not produce much power through clouds. AND AND AND the wind does not blow all the time and wind generators are a maintenance night mare. I abandoned wind generation years ago. After i did intensive on sight studies of a 7 wind mill farm in Holland that were state of art GE wind turbines…… They could not generate enough power to justify their expense and they constantely broke. Maintenance costs were a killer. Even if you amortized the capital investment over 100 years they are collossal money losers. As far as computer battery electric cars they are unworkable on a mass scale. Set aside the many many problems with the batteries. The US can barley keep with existing electric demand as you are seeing. The grid and generation facilities often times can not keep up with winter electric heating demand and summer time aircon usage. To move transportation energy demand from fossil fuels is a grennie winnie wet dream but in reality its not going to happen. Now WAY can the US electrical system gear up to charge a hundred million electric cars. It really stupid says a man who has three electric cars ALL charged by solar. The solution is so simple. Switch the transportation fleet to CNG and LPG. The supplies and infrastructure are already in place. Their are currently world wide
| Natural Gas Vehicles: | 28,540,819 | |
| Natural Gas Fueling Stations: | 33,383 | |
Now lets look at LPG or Autogas: Autogas is the third most popular automotive fuel in the world, with approximately 16 million passenger cars powered using the fuel. Approximately half of all auto gas-fueled passenger vehicles are in the five largest markets (in descending order): Turkey, South Korea, Poland, Italy, and Australia. For a total of a little over 44 million LNG AND CNG cars. Now when you consider the FACT that their are less then 5 million electric cars in use world wide… You can start to understand they are yanking your dick or pinching you titties.
The Grennie winnies have a power base and they are pushing a unworkable electric car solution that will bankrupt most countries and in reality be impossible to implement on a mass scale. Who is going to pay for the infrastructure: the up grade to the grid: the massive increase in generation systems needed? and don’t forget the power hungry charging station that need high amperage connections to the grid.
Conclusion: I have gasoline, LPG gas, Diesel and electric vehicles. And by far the best solution is LPG or CNG. Electric works for short distances and only if you can charge your car from you own solar system. I have driven my LPG (super charged) Hummer and CNG Defender all over England and Europe since 2000 with the Defender (Betsy) And since 2006 the Hummer (Bertha) without incident.As far as the electric SHIT. The main one we drive is (Dawn a grenenie hippie name) And she is as useless as a stoned all the time on acid dropping peyote button magic mushroom unshaven unbathed hippie chick. The range is always less then the onboard computer indices. And even short trips are an adventure.” DAD have the flat tow truck get me the battery is dead and i canot find a charging station” Trips have to be carefully planned (thinking ahead of time is not something Millennials can do) with the location of the nearest hard to find charging station in mind. And when the sucker runs out of battery plan on spending at least a hour jerking of at the battery destroying fast charge charging station