Latest “green economy” madness. First, New York is investing in an off shore wind farm (yay 😑):
Equinor and BP Finalize Contracts With New York State for Major Offshore Wind Projects
Ok, but how’s the rest of the East Coast fairing with this latest winter weather?
Diesel Tankers Depart Europe For Freezing U.S. East Coast
This last statement is rather ridiculous. If Europe is short diesel and the US is short too then shifting barrels does nothing more than shift “peak demand” around and those “opportunistic unusual moments” read - disaster capitalism.
Also note that the article states the additional fuel will be “provisionally”
delivered, so no guarantee. Given energy crisis growing in Europe (ie: NordStream 2 suspension) will be interesting to see if the fuel will indeed be sent over. I mean what do lives matter when there’s money to be made! And clearly wind farms are the answer for the future…😒🥶
Equinor and BP Finalize Contracts With New York State for Major Offshore Wind Projects
Under the procurement award, Equinor and BP will provide 1.2 MW of power capacity each from the Empire Wind 2 and Beacon Wind 1 projects. Combined with the partnership’s Empire Wind 1 project, the projects will provide a total a 3.3 gigawatts of renewable power to the state, enough to produce electricity for about 2 million New York homes.
Ok, but how’s the rest of the East Coast fairing with this latest winter weather?
Diesel Tankers Depart Europe For Freezing U.S. East Coast
Two relatively large tankers have been provisionally booked to ship more than 1 million barrels combined of ultra-low-sulfur diesel to the U.S. East Coast, according to fixture reports compiled by Bloomberg.
Some refinery closures in the U.S. have reduced plants’ ability to supply fuels, according to Steve Sawyer, director of refining at Facts Global Energy. In addition, demand recovery in the U.S. has been better than in Europe, he said.
“However, Europe is still short diesel and exporting any significant volume to another region will be limited,” Sawyer added. “Opportunistic unusual moments, like a weather event, can prompt traders to shift barrels from Europe to the U.S. to meet the peak in demand.”
This last statement is rather ridiculous. If Europe is short diesel and the US is short too then shifting barrels does nothing more than shift “peak demand” around and those “opportunistic unusual moments” read - disaster capitalism.
Also note that the article states the additional fuel will be “provisionally”
delivered, so no guarantee. Given energy crisis growing in Europe (ie: NordStream 2 suspension) will be interesting to see if the fuel will indeed be sent over. I mean what do lives matter when there’s money to be made! And clearly wind farms are the answer for the future…😒🥶