My top financial advice for the week: #shortTesla.
Actually, this has been my top financial advice for some time. But it’s starting to look cannier and cannier as Elon Musk’s taxpayer-funded business empire begins to crumble and more and more people start to ask awkward questions like: “This solar snake oil you’re selling. How exactly does it work for anyone other than the guy who’s selling it?”
In Hong Kong they’ve already wised up to this. Tesla sales have plummeted to zero after the government removed the tax breaks.
People only buy impractical, expensive, virtue-signalling cars when heavily bribed by the government to do so. Who would have thought, eh?
But for Elon Musk likely the much bigger disaster just waiting to happen is the deal he has struck with the government of South Australia, promising to help resolve the state’s energy crisis by building the world’s largest grid-scale battery. The Independent reports:
South Australia has picked Tesla to install the world’s largest grid-scale battery, which would be paired with a wind farm provided by France’s Neoen, in a major test of the reliability of large-scale renewable energy use.
South Australia, the fifth-biggest state with a population of 1.7 million, has raced ahead of the rest of the country in turning to wind power. Its shutdown of coal-fired plants has led to outages across the eastern part of the nation, driving up energy prices.
The drawback to South Australia’s heavy reliance on renewables has been an inability to adequately store that energy, leading to vulnerabilities when the wind doesn’t blow.
The car batteries used in a Tesla generate as much CO2 as driving a gasoline-powered car for eight years. And that’s before they even come off the production line.
This news, from a study by the Swedish Environmental Research Institute, will no doubt delight all those U.S. taxpayers who have been forking out billions of dollars to prop up Tesla’s share price having been assured by their government that subsidizing overpriced electric cars represents a vital step towards “combatting climate change.”
The report, commissioned by the Swedish Transport Administration and the Swedish Energy Agency, cannot easily be dismissed because it is a meta-analysis (ie a summary) of all the available studies on the subject.
The report shows that the battery manufacturing leads to high emissions. For every kilowatt hour of storage capacity in the battery generated emissions of 150 to 200 kilos of carbon dioxide already in the factory. The researchers did not study individual bilmärkens batteries, how these produced or the electricity mix they use. But if we understand the great importance of play battery take an example: Two common electric cars on the market, the Nissan Leaf and the Tesla Model S, the batteries about 30 kWh and 100 kWh.
Read the rest at Breitbart.
And who can blame them?
Apart from being poky and tinny and smug and expensive and utterly useless for long distances, electric cars are also terrible for health and the environment, as even environmentalist Bill Gates has recognised:
People think, Oh, well, I’ll just get an electric car. There are places where if you buy an electric car, you’re actually increasing CO2 emissions, because the electricity infrastructure is emitting more CO2 than you would have if you’d had a gasoline-powered car.
Electric cars, in other words, are the motoring equivalent of a neon sign saying: “I am a total wanker.” Which is why everyone who is not a total wanker prefers gasoline-powered vehicles. With the oil price so low – and looking to stay low for some considerable time yet – it makes perfect sense.
Since gas prices have been declining for a year now, and the national price of a gallon of unleaded is about $1.97 at the moment, Americans just aren’t making fuel-efficiency a priority with their new car choices. The biggest winners in 2015’s record-breaking new car-a-palooza were Jeep, Ram and any brand with a lot of SUVs, trucks and crossovers.
In Britain, it’s just the same. Not only are consumers shunning electric cars but they are gravitating towards bigger, gas-guzzling cars which they might previously have considered impractical. I’m one of them. When the lease on my diesel-powered Skoda runs out, I’m almost certainly going to buy a big, chunky, 4 x 4 like, maybe, a second-hand LandRover Discovery. If, as I do, you live in the remote country and you need to drive very fast so as to ensure the milk doesn’t go sour on the epic journey back from the supermarket, then clearly it’s very important that if you smash into an obstacle – a muntjac deer, say; or a gang of Romanians who’ve just pinched the lead off your church roof; or a Prius driver on their way to save a sett of tubercular badgers – you do so with minimum damage to your own vehicle.
That’s what God is trying to tell us through the medium of low oil prices: that a) He absolutely loathes the Middle East and everyone in it (apart from the Israelis, obviously, who are His Chosen People) and b) that He is sick to death of bleeding heart mimsers who take weird pride in the tinny crapness of their eco-cars and that He wants them all to die.
Even if it isn’t what God wants, though, it’s definitely what the free market is telling us. This is the glory of the untrammelled economic system: it is the collective product of million upon million voluntary decisions by free individuals based on informed calculations. No economist, no government functionary could ever replicate this system through management or regulation because they could never hope to gain access to the complex and ever-changing data which informs all these consumer decisions.
But that’s never going to stop our political leaders trying, is it?
Read the rest at Breitbart.
It seems that Ocean Acidification is not, after all, the result of man’s selfishness and greed and refusal to amend his lifestyle. Apparently, according to New Scientist, it’s caused by those hateful Gaia-raping monstrosities we call coral reefs:
Acidic water may be a sign of healthy corals, says a new study, muddying the waters still further on our understanding of how coral reefs might react to climate change.
Andreas Andersson of the Scripps Institution of Oceanography in San Diego, California, and his colleagues carefully monitored a coral reef in Bermuda for five years, and found that spikes in acidity were linked to increased reef growth.
“At first we were really puzzled by this,” says Andersson. “It’s completely the opposite to what we would expect in an ocean-acidification scenario.”
Andersson’s puzzlement is understandable, given the plethora of articles over the last few years that have tried to big up ocean acidification as the “evil twin” of climate change and inevitably trying to pin the blame on man.
Read the rest at Brietbart.
Before I reveal their identities, let me give you some examples of just how successful they have been.
Hillary Clinton has called for an investigation into what Exxon really knew about climate change. (By weird coincidence, this came just after Exxon stopped funding an organization called the Clinton Foundation).
Sheldon Whitehouse and three other Democrat senators have written to Exxon accusing it of supporting “climate denial” and “anti-climate policy advocacy.”
A bunch of climate alarmist scientists have written to President Obama urging him to use RICO legislation against corporations which may “knowingly have deceived the American people about the risks of climate change.” (Though they’ve been a bit less vocal since one of their number got himself embroiled in the “largest science scandal in US history”)
Two separate journalistic investigations have claimed that Exxon’s scientists “knew” about the threat of global warming as early as the late 70s and that the company is guilty of some kind of cover up. Now Scientific American has jumped on the bandwagon too.
It’s all mendacious nonsense, as I explain here. But that doesn’t necessarily mean that unscrupulous lawyers, shyster politicians and green NGOs won’t go ahead and seize this flimsy excuse to intensify their war on capitalism in the guise of concern about the environment. Exxon, for example, may have no case to answer. But that won’t stop its operations, its reputation and its share value being seriously disrupted by a potential lawsuit, however ill-founded and vexatious.
Read the rest at Breitbart.
Today, as you’re all probably aware, is World Vegan Day. But have you stopped to think what that actually means?
It means that are millions of people all around the world — 7.5 million of them in the U.S. alone, apparently — who have not had access to a decent pair of leather shoes or a fat juicy burger or a honey sandwich for weeks. Sometimes months. Or, even, in the case of the ones who had really weird parents, their whole lives!
We mustn’t laugh. It’s serious. A permanent diet of vegetables — especially if they’re organic ones — can be fatal, as was demonstrated four years ago in Germany when no fewer than 50 people were wiped out by deadly cucumbers.
Veganism, we also know, can cause terrible side-effects. Just look at this video and see what a vegan diet has done to this poor couple’s skin, the man’s especially. It also appears to have damaged their capacity for reason. Though the song is all about how much they love cows it has completely passed them by that if everyone went vegan cows just wouldn’t exist. There’d be no point. Cows are only there to make milk and breed more steak. They’re far too dangerous to be left standing around in fields for no reason: ask any dog walker.
Also, it is a known fact that a meat-free diet damages the receptors in the brain responsible for creating and understanding jokes. Here’s an example of the problem I mean. I once went to the Christmas revue in Broadmoor high security prison for the criminally insane. There was a lot more lightness of touch and wit than there was in that PETA video.
What I’m saying is that these vegans badly need our help. And I want you to think of me as your Benedict Cumberbatch, coming out on stage after my probably overrated performance as Hamlet to bludgeon you with my celebrity, shock you with my swearing and embarrass you with my donations bucket into giving generously to what I passionately believe is the single most worthwhile cause you’re going to hear about today: help me help the vegans escape from their living hell.
Read the rest at Breitbart.