Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


Page added on February 5, 2020

Bookmark and Share

Global Witness Accuses Exxon of ‘Exploitative’ Contract That Robs People of Guyana of $55 Billion in Lost Oil Revenue

Global Witness Accuses Exxon of ‘Exploitative’ Contract That Robs People of Guyana of $55 Billion in Lost Oil Revenue thumbnail

International human rights and anti-corruption group Global Witness is calling on the Guyanese government to renegotiate a oil license deal with fossil fuel giant Exxon after the group’s analysis showed that Guyana stands to lose $55 billion while the oil giant takes control of one of the largest oil reserves found in years.

Global Witness found that the rushed deal left Guyana with a lower profit share from Exxon’s Stabroek oil license than countries generally get from such negotiations. The group based its findings on a study by financial analysis firm OpenOil comparing Guyana’s contract with Exxon to deals between governments and oil companies around the world.

Under the deal, Guyana could lose up to $1.3 billion per year—money which could be used for schools, hospitals, infrastructure, and to repair crumbling sea walls in a country where “90% of the population [is] at risk from rising sea level,” Global Witness said in its report, entitled “Signed Away.”

Global Witness interviewed Guyanese citizens last summer about the country’s high unemployment rate, sugar farms which have been forced to close, and the revenues needed to protect the country from sea level rise—a phenomenon largely driven by the climate crisis and extractive activities like oil drilling.

“In Mahaicony, Guyana’s breadbasket on the coast, we were shown wide swathes of farm fields flooded with salt water,” the report reads. “The sea wall had collapsed, crops were ruined, livestock was getting sick, and it would be years before the land recovered. Money was desperately needed to rebuild coastal defenses.”

Patrick Galey, environment correspondent for Agence France Presse, tweeted that Guyana’s resources have been “plundered by oil barons.”

“Guyana’s loss. Humanity’s loss,” Galey wrote.

Global Witness blamed Exxon’s “exploitative” deal-making process for the unfair agreement. The company had a license for the Stabroek oil reserve off the Guyanese coast in 1999, and rushed to renew the license quickly after finding oil there in 2016.

“Guyana’s urgent development needs—such as building new hospitals and schools, and protecting itself from rising sea levels that put 90% of the population at risk—will not be met by Exxon walking away with an extra $55 billion in its back pocket.”
—Jonathan Gant, Global Witness
The group says Exxon violated its own policies when it paid for Guyanese Natural Resources Minister Raphael Trotman to take a lavish trip to the company’s Texas headquarters, complete with a first-class flight, a stay at an expensive hotel, and a meal at an exclusive restaurant. Exxon’s internal policy prohibits gifts that may “improperly influence pending business decisions.”

“It is shocking that Exxon would seek such an exploitative deal in one of the Western Hemisphere’s poorest countries,” said Jonathan Gant, senior campaigner at Global Witness. “Guyana’s urgent development needs—such as building new hospitals and schools, and protecting itself from rising sea levels that put 90% of the population at risk—will not be met by Exxon walking away with an extra $55 billion in its back pocket.”

Global Witness also believes Trotman may have had a conflict of interest during the deal because his political ally, Nigel Hughes, was a lawyer for Exxon. His firm has represented the company since 2009, but Hughes denies he worked on the Stabroek oil reserve deal.

Still, the group called on Guyanese officials “to investigate the Exxon deal and the ministers involved, and to demand a new, fair license.”

Global Witness also said U.S. authorities, including the State Department, should support renegotiation.

Renegotiating the contract could boost the country’s budget, the report reads.

“With an average extra $1.3 billion per year from Stabroek, Guyana could address the concerns of its people,” said Global Witness. “The government’s total 2019 annual budget is $1.4 billion. With additional money from Stabroek, Guyana could double its annual $172 million health budget, $251 million education budget, $185 million infrastructure budget and still have $700 million left each year.”

The report also details two oil license deals—called Kaieteur and Canje—which were originally awarded to two smaller companies which then gave drilling rights to Exxon before extracting oil.

“Exxon’s Kaieteur and Canje licenses raise corruption red flags and should be investigated,” said Gant. “Given these problems and the threats to Guyana posed by the global climate emergency, Guyana should renegotiate the Stabroek license and then ban all new drilling in the country.”

Common Dreams



128 Comments on "Global Witness Accuses Exxon of ‘Exploitative’ Contract That Robs People of Guyana of $55 Billion in Lost Oil Revenue"

  1. makati1 on Wed, 5th Feb 2020 5:15 pm 

    Amerika, the land of corporate pirates. Nothing new here. Been happening for hundreds of years by the West. Now it is done with invading armies. Iraq, Syria, Libya, Afghanistan, etc..

    Put Amerika down now! Go Trump!

  2. JuanP on Wed, 5th Feb 2020 5:30 pm 

    Mak, you have anger issues please chill

  3. The REAL Davy on Wed, 5th Feb 2020 9:01 pm 

    Davy, you have mental-health issues. Please FOaD.

  4. cloggie on Wed, 5th Feb 2020 10:02 pm 

    please respect supertard

  5. Duncan Idaho on Wed, 5th Feb 2020 10:04 pm 

    Republican Senators Just Sold Out Democracy

    (By acquitting Trump, Republicans handed the president nearly unlimited power—and revealed the extent of their venality.)

  6. Duncan Idaho on Wed, 5th Feb 2020 10:05 pm 

    Here Are 7 of Trump’s Lies During the State of the Union

    http://www.smirkingchimp.com/thread/cody-fenwick/88665/here-are-7-of-trump-s-lies-during-the-state-of-the-union

  7. world supremacist muzzies bag day feb12021 on Wed, 5th Feb 2020 10:06 pm 

    this is my master treaties. i don’t waste time on this forum. it’s lame.

    muzzie bribe went with isis to make babies and now want to go back. what the world going to. this is ok but supertard big muzzie beard SAWS swt pbuh is banned from UK and harrassed by AA.

    AA got muzzie stalked woman using number on her luggage tag. this airline employs tons of muzzies and enforce sharia

    supertard big muzzie beard SAWS pbuh swt reported muzzies in ger comprise of 40% of jizya payment to the tune of 4 billion euros per month. with that money they could go REAL GREEN or FAKE GREEN, it doesn’t matter that would’d been prosperious without the rapey rapey and stabby muzzies. The scale of jizya is incredible. it’s all out in the open if you just listen to the UK muzzie andy choudary.

    muzzie sabotage airliner and got loved 1000x in the form of reporting of “union dispute”. supertard big muzzie beard SAWS pbuh swtreported it’s actually jihad.

    Then in astralia muzzie with big grin and smug looking face with a hat and meat grinder practically begged to be amputated and put on muzzie hamster wheel. cops love him 100000x more and are puzzled why he did this. i’m scratching my head too which has thinning hair

    Muzzie in NZ allah acbar and went after cop with axe. Cops loved muzzie 10000x love conquer all. No tweet AOC SAWS pbuh swt , not siri Lanka, not when muzzie shot 6 cops on philadelphia. 25 billion tweet on Christchurch though

    muzzie in london allah akbar and stabbed bunch of people. police roasted muzzie.
    US navy was unable to secure muzzie carcass to bury as muzzie but it’s not muzzie.

    then there we deceptions of deep green, real green, deep deep green, fake fake green, and all the permutations of green. when AOC SAWS pbuh swt – (ZOMG i’m amazed at the technology in a sink food grinder) failed, the greta SAWS pbuh swt deception kicked in. I belived everything even the fantastic flying goat story.

    for many years, centuries, million, quadrillion of years since (((supremetard))) SAWS pbuh swt created heaven and earth and before supertards SAWS pbuh swt big muzzie beard and glenn roberts put up web sites, i warned tards and supertards about muzzies.

    i made no progress sort of like banging head against concrete, concrete wins everytime

    but then i “reverted” to a supremacist muzzie jerk and I’m the best of humanity allah has created. i wear a muzzie dress and i pee sitting down holding up the bathroom line. this made supertard SAWS pbuh swt have bladder infection but the love for muzzies only intensified.

    and now i have superpower, big goat SAWS pbuh swt is feeling intense heat. all stops are pulled it seems – even Robert Inget the controlled libtard opposition is deployed to censor me. but uppertard SAWS pbuh swt is not going to destroy free speech for someones love of muzzie. supertard SIS SAWS pbuh swt dropped the appeal and that’s final. it’s now as good as case law. supertard SIS SIS SAWS pbuh is back being occupied with his bunker and learjet and auto keltecs and he said absolutely do not bother him. so it’s set in stone that uppertard SAWS swt pbuh is not going to modify this forum

  8. Duncan Idaho on Wed, 5th Feb 2020 10:07 pm 

    It was The Hunger Games. It was the descent of our democracy into decadence. It was a wake-up call—or should have been—to Americans of every political persuasion.

  9. cloggie on Wed, 5th Feb 2020 10:58 pm 

    supertard
    politics is strange and an evolving field. muzzies politics encorporate killing and to a much lesser extend ours too.
    so i was always doing tard research and couldn’t figure out how to put a political opponent out of pasture, now i understand more clearly. it’s about whinning whinning and whinning brilliantly i may say by the managers. on the other side whitey supertard trump wouldn’t budge

    so this is the impasse of politics and it resolved my tard question that it’s an evolving field. in america there are rules and procedures that guide the process a little bit. somewhere in there the democrat republican rule of the majority still exists, and the votes matter. dems don’t have the votes so it didnt’ matter.

    muzzies will learn from this and exploit it. at some point with large envolvement of muzzies in politics our political system will beging to look like theirs (killing of lincoln, jfk..)

    if whitey supertard trump can roll back the muzzie influence on politics then we can go back to politics as usual, as in encorporating killing was the past (lincoln, jfk).

    at this point, with modern media ..there’s hope that muzzie politics can not destroy western governance.

    there’s a fear the long term political conflicts will destroy america completely.

  10. Abraham van Helsing on Thu, 6th Feb 2020 4:20 am 

    “Tesla stock tumbles 17% after coronavirus hits China factory and delays Model 3 deliveries – but company is still worth more than Big Three automakers combined“

    https://www.dailymail.co.uk/news/article-7971177/Tesla-tumbles-17-electrifying-rally-loses-power.html

    Now repeat after empire dave and makato: renewables are a techie niche and will never work.

  11. Davy on Thu, 6th Feb 2020 4:51 am 

    “Now repeat after empire dave and makato: renewables are a techie niche and will never work.”

    The cloggo, spews lies again plus a lame example of renewables. EV’s are not renewable and not green. They are greener than ICE but not by much. You can’t green the car culture so it is fake greens like the cloggo that look hilarious when acting like the car culture can be green and renewable. BTW, I have more renewables than you and I am much greener than you are. I also believe renewables are vital..to a point. Let’s say they are extenders and provide more resilience and sustainability. OH, don’t put me in the same conversation as makato. He is a senile old man with no life. His opinions are only concerned with his hate set and resentment obsessions.

  12. Abraham van Helsing on Thu, 6th Feb 2020 4:59 am 

    I don’t care about the marketing term “green”, the point is that e-vehicles will be ever more powered by renewable power sources. The fact that Tesla has more value than the Big Three US automaker combined is sufficient proof that the market thinks that e-driving is the future. And it IS!

    https://www.bento.de/gefuehle/wohnen-im-zelt-marius-ist-aus-dem-mietsystem-ausgestiegen-und-lebt-in-jurte-a-4ff0c2d3-10a8-446d-a247-66a498677e3b#refsponi

    Here a German art student who is surviving without money, living of the spills of consumer society and perma-culture in a self-built shack.

    Collapse is so overrated.

  13. REAL Green on Thu, 6th Feb 2020 5:39 am 

    “Why Clouds Are the Key to New Troubling Projections on Warming”
    https://tinyurl.com/urfw5yx faster than expected

    “The studies have changed how the models treat clouds, following new field research. They suggest that the ability of clouds to keep us cool could be drastically reduced as the world warms — pushing global heating into overdrive…Recent concern about how accurately the models handle clouds has focused on the blankets of low clouds that any international flyer will have seen extending for hundreds of miles below them across the oceans. Marine stratus and stratocumulus clouds predominantly cool the Earth. They shade roughly a fifth of the oceans, reflecting 30 to 60 percent of the solar radiation that hits them back into space. In this way, they are reckoned to cut the amount of energy reaching the Earth’s surface by between 4 and 7 percent. But it seems increasingly likely that they could become thinner or burn off entirely in a warmer world, leaving more clear skies through which the sun may add a degree Celsius or more to global warming.”

    Realgreenadaptation.blog

  14. Davy on Thu, 6th Feb 2020 5:48 am 

    “I don’t care about the marketing term “green”, the point is that e-vehicles will be ever more powered by renewable power sources. The fact that Tesla has more value than the Big Three US automaker combined is sufficient proof that the market thinks that e-driving is the future. And it IS!”

    LOL, cloggo, whatever you call it your agenda is a marketing ploy. EV’s are dirty and not that efficient when you consider the holistic cost of the vehicle and the supporting infrastructure. I am not saying they are not vital and important in niche applications; they are. What I am saying is the car culture is the problem and until fake greens like you admit this then your fake green techtard ways are hilarious. You want your cake and eat it just like any other delusional human green or brown. OH, you are also drinking the Kool Aid on market value. That is a very subjective and corrupt way to look at real value and trends, especially green value! It is part of the financial casino and Ponzi way of life of the parasitic financialized way of life of today’s globalism.

    “Collapse is so overrated.”

    The collapse process of systematic decline is not.

  15. Abraham van Helsing on Thu, 6th Feb 2020 6:07 am 

    “LOL, cloggo, whatever you call it your agenda is a marketing ploy. EV’s are dirty and not that efficient when you consider the holistic cost of the vehicle and the supporting infrastructure. I am not saying they are not vital and important in niche applications;”

    EV’s are indeed dirty NOW because their electricity comes from fossil NOW; but fossil will gradually be phased out in the coming decades, mostly because the cost of renewable electricity is declining and depleting fossil is increasing. Intersecting curves thingy. And then there is the Paris Accords and CO2 tax. QED.

    Oh, and there is no such thing as “vital niche applications”. Get your deceptive language straight.

    Stock exchange value is NOT a “market ploy”, but a Darwinian environment where smart money chases real values. But what do you understand about finance. Goats are your true intellectual horizon.

    “The collapse process of systematic decline is not.”

    The only thing that is collapsing is the empire and the globalism it promotes, as well as the dollar based global financial system.

    In reality we are in a process of transition towards an identitarian, multi-polar world order, with Eurosphere and Sinosphere the two leading poles (comparable to US and USSR in the 20th century) and renewable energy economic base.

    I do admit that the transition process between globalism and multi-polar world indeed will look and feel like collapse, certainly if there is a WW3-CW2 in between, but eventually the world will recover from that.

  16. Abraham van Helsing on Thu, 6th Feb 2020 6:13 am 

    “makato. He is a senile old man with no life.”

    Whatever you may think of the opinions of makati, he is anything but senile. There is only one person here whose intellectual capacities are in doubt (no, not even you, you are just a rather impotent bully with minor intellectual span width), but the rest here can tell his nose from his butt.

  17. Davy on Thu, 6th Feb 2020 7:07 am 

    “EV’s are indeed dirty NOW because their electricity comes from fossil NOW”

    This is the techtard farce cloggo preaches. Not dirty means low tech and simple not high tech and powerful. Renewables are dirty because they have a production pollution stream and a waste stream. They may be greener than ICE but not by much because it is likely that it will take fossil fuels to produce all this renewable infrastructure. Renewables will likely not replicate renewables because they likely do not have the net energy to do this. A KW DOES NOT EQUAL A KW when these factors are considered. It is the high consumption delocalized life that the modern FAKE green wants to replicate that means it will fail the dirty test.

    “but fossil will gradually be phased out in the coming decades, mostly because the cost of renewable electricity is declining and depleting fossil is increasing. Intersecting curves thingy. And then there is the Paris Accords and CO2 tax. QED.”

    Once depletion and affordability of all energy sources converge then EROI of modern way of life will be no more with cascading decline from broad based overshoot. Renewables require resouces that are depleting just like fossil fuels are depleting. That day could be farther off depending on how humans navigate this gradient of decline. That is the biggest failure because humans are going in the wrong direction of digging the techtard hole deeper. The cost of renewable energy is now starting to rise because all the other infrastructure like a complicated grid and storage are coming into play. Don’t forget all that primary energy infrastructure for transport and agriculture hardly begun. Paris accord is a complete joke. This farce lets China and India continue expansion of coal that will destroy the earth’s climate.

    “Oh, and there is no such thing as “vital niche applications”. Get your deceptive language straight.”

    Sure, there is stupid. Niche applications are everywhere like toilet paper by a toilet. Vital means they are important to make the whole system work. Look at specialty creature in nature how they interact with the whole ecosystem for example bees.

    “Stock exchange value is NOT a “market ploy”, but a Darwinian environment where smart money chases real values. But what do you understand about finance. Goats are your true intellectual horizon.”

    Bullshit, in a pure market setting without the corruption of a “mafia like” managed markets there is a proper value/price discovery but in todays casino and criminal racket system there is little of a pure market left. You are completely off your rocker, stupid.

    “The only thing that is collapsing is the empire and the globalism it promotes, as well as the dollar based global financial system.”

    It is obvious globalism is in decline. Net energy is in decline. All planetary systems are in decline in relation to complexity IOW succession is evident. Social conditions are in decline from overconsumption and overpopulation. Pollution is rising. Wht part of overshoot don’t you understand cloggo? LOL, and the cloggo thinks there is no decline, how stupid.

    “In reality we are in a process of transition towards an identitarian, multi-polar world order, with Eurosphere and Sinosphere the two leading poles (comparable to US and USSR in the 20th century) and renewable energy economic base.”

    LMFAO more PBM racist ideology of the cloggo. Yes, we are in a multi-polar world of decaying globalism and American hegemony. Europe is a rump power with China and the US dominating. Russia is a third way but too small to be a true pole.

    “I do admit that the transition process between globalism and multi-polar world indeed will look and feel like collapse, certainly if there is a WW3-CW2 in between, but eventually the world will recover from that.”

    You have no idea what is coming and what is evident from your many years of excessive comments is that your predictions are mostly failures.

  18. Davy on Thu, 6th Feb 2020 7:12 am 

    “Whatever you may think of the opinions of makati, he is anything but senile.”

    Someone who is lost in his obsession of hatred and resentment for personal egotistical reasons without basis at the age makato is at can be classified as senile. He is not rational and cannot reality test is agenda. He may post cherry picked facts like he is intelligent but the package is senile. This is what happens to people who become lost in agenda with declining mental capacities. This is why old people are retired and eventually put in homes to be cared for. You are just about as senile as the makato.

  19. Abraham van Helsing on Thu, 6th Feb 2020 7:17 am 

    “They may be greener than ICE but not by much because it is likely that it will take fossil fuels to produce all this renewable infrastructure”

    Again this false laymen’s opinion that renewables can’t function without fossil.

    Why don’t you spend time on studying physics, rather than having false lazy opinions about the subject.

    1 kWh = 1 kWh, regardless of its source. On top of that, you can create fossil fuel from renewable sources. You can renewable energy for everything fossil fuel is used for:

    https://deepresource.wordpress.com/2019/05/31/amsterdam-airport-carbon-neutral/

    Once hydrogen can be produced for ca. 2.5 $/kg (think 2030), hydrogen can be transformed in methane, methanol, ammonia, formic acid, etc., etc.

    This whole laymen’s idea, virulent on this site, that you can’t have an advanced civilization without fossil fuel, is so utterly wrong. America was once the Greatest Show on Earth, thanks to fossil fuel, mostly oil & gas. Most Americans can’t think out of the box, or oil drum rather.

    Their problem.

  20. Davy on Thu, 6th Feb 2020 8:09 am 

    “Again this false laymen’s opinion that renewables can’t function without fossil.”

    You can say anything you want theoretically by your assertion is unproven

    “Why don’t you spend time on studying physics, rather than having false lazy opinions about the subject.”

    TRANSLATION: not a valid answer just an admission of being beaten.

    “1 kWh = 1 kWh, regardless of its source. On top of that, you can create fossil fuel from renewable sources. You can renewable energy for everything fossil fuel is used for:”

    A holistic look at energy means KW does not equal a KW. Things like physics, scale, affordability, systemness, and finally human nature. Theoretically in the abstract maybe you can argue a 1 to 1.

    “https://deepresource.wordpress.com/2019/05/31/amsterdam-airport-carbon-neutral/”

    the cloggo personal agenda worksheet. Naked and not valid without content

    “Once hydrogen can be produced for ca. 2.5 $/kg (think 2030), hydrogen can be transformed in methane, methanol, ammonia, formic acid, etc., etc.”

    Fantasy science until it is commercial and can scale with a net energy profit

    “This whole laymen’s idea, virulent on this site, that you can’t have an advanced civilization without fossil fuel, is so utterly wrong.”

    I never said that. What I am saying is a complicated, complex, and delocalized (meaning dispersed production and global transport) “advanced civilization” is likely not possible much longer at least at our scales. We are proving that daily by digging the techtard hole deeper.

    “ America was once the Greatest Show on Earth, thanks to fossil fuel, mostly oil & gas. Most Americans can’t think out of the box, or oil drum rather.”

    OH Dear, back to Anglo derangement as usual as a cloggo default. Cloggo is obsessively Anglo deranged because his widdle feelings were hurt that he got his ass kicked twice in the last century. His continent is protected by Anglos and the global economy has an Anglo pole along with an Asian one. Eurotard land is a backwater. He is also dissing the huge renewable effort in the US that is actually accelerating while his poor and getting poorer Eurotard land is stagnating.

    “Their problem.”

    The cloggo has an fantasy agenda problem complicated with Anglo derangement.

  21. Abraham van Helsing on Thu, 6th Feb 2020 9:12 am 

    While empire dave is promoting his collapse mantra and talking his own country in the shitter, in Holland and elsewhere in Europe the work is in full swing to get the hydrogen economy going:

    https://deepresource.wordpress.com/2020/02/06/hydrogen-delta/

    “His continent is protected by Anglos”

    Yeah, mafia protection. Won’t be long until the revenge will be kicked in your ugly mass-murdering shithead. The hole world hates you with a passion and knows you for what you are.

  22. Abraham van Helsing on Thu, 6th Feb 2020 9:28 am 

    Calls from the media for Meghan Markle to run for 2020:

    https://www.lbc.co.uk/radio/presenters/clive-bull/meghan-markle-will-run-for-us-president-predicts-p/

    “”Meghan Markle will run for US President” predicts PR expert”

    https://www.dailystar.co.uk/news/latest-news/meghan-markle-run-president-speculation-21249164

    “Meghan Markle to run for US President? Speculation as couple ‘step back’ from Royals”

    https://www.miamiherald.com/opinion/op-ed/article239352898.html

    “Meghan Markle for President!”

    Meanwhile in Iowa, 97% of the votes are counted and it is a close call between Pete the Poof and the Commie Heeb:

    https://edition.cnn.com/2020/02/05/politics/democratic-primary-iowa-still-counting/index.html

    Neither of those is preferred by the establishment.

    Imagine this: the president with tongue-in-cheek, meaning his tongue in the cheek of his “husband”. The US is not ready for that.

    Sanders is too old-school “socialist”.

    The US IS ready for a woman, even marginally of color and certainly with a trophy husband like Windsor-Harry.

    The only real question is: is Meghan ready for the presidency or does she want to wait until 2024?

    I think 70-30 the latter.

  23. Antius on Thu, 6th Feb 2020 9:38 am 

    “Again this false laymen’s opinion that renewables can’t function without fossil.”

    Maintaining some fossil fuel use makes integrating renewable energy much easier. If you have an open cycle gas turbine fuelled by liquefied natural gas, you can cover lulls in renewable electricity production that would be very expensive to cover using storage. Storage is much more affordable if used to cover short-term imbalances and grid frequency fluctuations, where it is used intensively and its capital costs are better amortised. Likewise, a hybrid vehicle has a lot more operational flexibility than a pure electric one and much more affordable capital cost. A hybrid vehicle that draws 20% of lifetime power consumption from fossil fuels (for long trips only) would have a battery size 10 times smaller than a Tesla.

    “Why don’t you spend time on studying physics, rather than having false lazy opinions about the subject.”

    I cannot speak for Davy, but I have studied physics, mechanical engineering, nuclear engineering, combustion engineering, energy systems engineering (including renewables). It is why I struggle to share your optimism that renewable sources will seamlessly replace fossil fuels without much change to society. Whole systems EROI for wind and solar as a bulk energy source powering society is quite poor compared to what we built our infrastructure to use: high EROI, controllable fossil fuel energy. There is no getting around the fact that a solar powered world would need to be very energy frugal and much poorer than we are accustomed to in terms of real income. I suggest you consult the work of Ted Trainer for what this practically means for everyday living standards.

    “1 kWh = 1 kWh, regardless of its source. On top of that, you can create fossil fuel from renewable sources. You can renewable energy for everything fossil fuel is used for:”

    That is questionable to say the least, for reasons that I have been over and over dozens of times before. 1MW of average power requires about 20 times more steel and concrete from an offshore wind turbine compared to a modern Gen 3 light water reactor. Now consider that the wind turbine will last 20-30 years, whereas the reactor will last up to 80 with modern chemistry control. Now consider the extra infrastructure needed for storage and backup and the extra transmission infrastructure you need for a dispersed renewable energy infrastructure that generates power in surges rather than baseload. Add all of those things together and your materials budget for a wind/solar system will be two orders of magnitude greater than light water reactor fleet generating the same net energy. What that will practically mean is that you will afford less of it and you will be poorer. We are seeing declining prosperity across Europe right now.

    “Once hydrogen can be produced for ca. 2.5 $/kg (think 2030), hydrogen can be transformed in methane, methanol, ammonia, formic acid, etc., etc.”

    Hydrogen can be generated relatively efficiently as a non-pressurised gas. Off the shelf electrolysis stacks are 60-70% efficient, depending upon current density. It could be stored as a lightly pressurised gas in gasometers and burned in gas turbines or used to generate industrial heat.

    In Europe and especially Britain, we actually have a long history of using non-pressurised hydrogen gas as a heat source in our cities in the form of ‘coal gas’ or ‘town gas’. In the bad old days before natural gas, this was manufactured in gas works that heated and burned coal in retorts along with steam in what is known as the gas-shift reaction. During times of war, town gas substituted for petrol in spark ignition engines. Large, non-pressurised bags of hydrogen gas were carried on the roofs of cars, buses and trucks. It was a cumbersome solution, but it worked within its limitations.

    In principle, we could deploy this technology again. The problem is that instead of starting with coal, which you get almost free from the ground, you are starting with low EROI electricity, which will be much more expensive. Compressing or liquefying hydrogen for vehicles or long-term storage is very expensive, both in terms of energy and equipment. Non-compressed hydrogen is much cheaper, but is bulky.

    Converting hydrogen into higher fuels like methane or ammonia is a bad idea. To produce methane from hydrogen and CO2, for example, is about 8% efficient. I do not have comparable figures for ammonia, but its production requires heating hydrogen and nitrogen gas to 500C in a chemical reactor. That means more energy invested than producing the equivalent amount of hydrogen. As a chemical it is quite toxic. It would not make a good fuel for both reasons.

  24. Davy on Thu, 6th Feb 2020 9:57 am 

    “While empire dave is promoting his collapse mantra and talking his own country in the shitter, in Holland and elsewhere in Europe the work is in full swing to get the hydrogen economy going:”

    Bullshit, there is no significant commercial hydrogen economy going. It is not even a percentage of primary energy. You are a complete liar and a dupe.

    “https://deepresource.wordpress.com/2020/02/06/hydrogen-delta/”

    More naked links to the personal cloggo fantasy agenda

    “Yeah, mafia protection. Won’t be long until the revenge will be kicked in your ugly mass-murdering shithead. The hole world hates you with a passion and knows you for what you are.”

    Your country is part of it, cloggo. You whine about it because it is reality and you can’t stand it. You talk and talk but your fantasy does not materialize.

  25. The Board on Thu, 6th Feb 2020 11:04 am 

    davyskum sounds upset about something. Wait, he is dealing with his chronic anger-mismanagement issues. Nothing to see here.

  26. REAL Green on Thu, 6th Feb 2020 11:40 am 

    Cloggo kicked are ass again Davy. He always kicks are ass.

    Thats why everyone knos were a dumbass.

    dumb ass

  27. Antius on Thu, 6th Feb 2020 11:46 am 

    The stench of fear hanging over this article, is the perfume of liberty.

    http://www.msn.com/en-gb/news/world/merkel-rules-out-far-right-alliance-after-unforgivable-vote/ar-BBZIjFd?ocid=ientp

    How I would love to see this neoliberal kraut tried and executed for treason against the white race 🙂

  28. joe on Thu, 6th Feb 2020 11:54 am 

    Western culture is dead. It died pretty much when the iron curtain fell. Neoliberalism ran amok with globalization and the gates were open for the third world to vomit forth the vast masses needed to both form up the bloc that was supposed to stop whites using the political system to object to unregulated mass migration and unrestricted financial abuse. This policy kinda worked. Certainly the left has fallen in love with Islam and therefore has been blinded to the class war being waged on them. They are distracted because their ranks are bursting with the migrants whose main loyalties are to more migration over opposing the elites whom they dream of joining, merely using the socialism as a political shortcut to office and privileges. The arguement used by those who were remain were entirely based on the premise that voting to leave the EUSSR was really a vote for English ethnographic feelings (I think that ship sailed 10 years ago), they cant really contemplate that people might have not been racist and instead really didn’t want an unelected and wasteful elite in Brussels overruling them. The same arguement is true for the US. Wokeism, postindustrial socialists, whatever you call it is really what’s left of the broken heart of those who lost out in 2008 when neoliberalism failed and failed an entire generation. Ironically Trump has done most to help them. Obama and Clinton gave them ISIS and Ukrainian neo-nazis. Trump openly says he wants to bring home the troops. Everytime he tries, the demoncrats scream that hes soft on war. What a world. Alas…

  29. JuanP is a lunatic on Thu, 6th Feb 2020 12:45 pm 

    JuanP is being low IQ. He can’t jump into a debate unless it is trolling. What a CUNT FACE

    This is from juanPee the lunatic:
    REAL Green said Cloggo kicked are ass again Davy. He always kicks…

    The Board said davyskum sounds upset about something. Wait, he is…

  30. JuanP on Thu, 6th Feb 2020 12:51 pm 

    TRUMP 2020!

    Turley: Nancy Pelosi Should Resign

    The House has its share of infamies, great and small, real and symbolic, and has been the scene of personal infamies from brawls to canings. But the conduct of Speaker Nancy Pelosi at the State of the Union address this week will go down as a day of infamy for the chamber as an institution. It has long been a tradition for House speakers to remain stoic and neutral in listening to the address. However, Pelosi seemed to be intent on mocking President Trump from behind his back with sophomoric facial grimaces and head shaking, culminating in her ripping up a copy of his address. Her ‘drop the mic’ moment will have a lasting impact on the House. While many will celebrate her trolling of the president, she tore up something far more important than a speech. Pelosi has shredded decades of tradition, decorum, and civility that the nation could use now more than ever. The House speaker is more than a political partisan, particularly when carrying out functions such as the State of the Union address. A president appears in the House as a guest of both chambers of Congress. The House speaker represents not her party or herself but the entirety of the chamber. At that moment, she must transcend her own political ambitions and loyalties. Tensions for this address were high. The House impeachment managers sat as a group in front of the president as a reminder of the ongoing trial. That can be excused as a silent but pointed message from the Democrats. Trump hardly covered himself with glory by not shaking hands with Pelosi. I also strongly disliked elements of his address which bordered on “check under your seat” moments, and the awarding of conservative radio host Rush Limbaugh with the Presidential Medal of Freedom inside the House gallery like a Mardi Gras bead toss. However, if Trump made the State of the Union look like Oprah, then Pelosi made it look like Jerry Springer. What followed was an utter disgrace.

  31. Abraham van Helsing on Thu, 6th Feb 2020 1:29 pm 

    “Western culture is dead“

    Absolutely!

    What do you do with the dead? You bury them. Just like the USSR was buried in 1991.

    The West is dead because its value system is dead: Christianity and its secular offshoots Marxism and humanism.

    We need new values. What values? Roman values.

  32. Duncan Idaho on Thu, 6th Feb 2020 1:43 pm 

    Trump appeared ‘sedated’ at State of the Union, Pelosi says
    https://www.sfgate.com/politics/article/sotu-pelosi-trump-prayer-breakfast-handshake-15035288.php
    The Fat Boy probably just popped a few downers to try and keep his cool– lets hope he wasn’t mainlining.

  33. ansley REAPER on Thu, 6th Feb 2020 1:55 pm 

    I’m happy to see my little big brother joe supertard here

    He’s the only one mildly afflicted with muzzies love

    Everyone else a muzzie a muzzie lover or crypto muzzies lover

  34. Davy on Thu, 6th Feb 2020 2:25 pm 

    “Turley: Nancy Pelosi Should Resign”

    good find juanpee. you forgot the link again tho.

    https://www.zerohedge.com/political/turley-nancy-pelosi-should-resign

    stupid dumbass cuntface fuckwack

  35. Duncan Idaho on Thu, 6th Feb 2020 2:29 pm 

    Get ready for 1984

    https://digbysblog.net/2020/02/get-ready-for-1984/

    Hint:
    “get your BS detectors in good working order”

  36. Duncan Idaho on Thu, 6th Feb 2020 2:41 pm 

    Warmest Winter in U.S. History So Far

    https://www.wunderground.com/cat6/warmest-winter-in-us-history-so-far

    It was cold in my refrigerator!
    Liberal Lies!

  37. Abraham van Helsing on Thu, 6th Feb 2020 2:46 pm 

    “How I would love to see this neoliberal kraut tried and executed for treason against the white race“

    I have visions of naked charred bodies being dragged behind an old kluncker through the streets of Berlin.

    I’m not proud if it.

  38. Davy on Thu, 6th Feb 2020 3:22 pm 

    It’s become widely accepted that ‘davyskum’, unfortunately, exists, and that his current rate of ass emission are imperiling future discussions. Millions of people agree that davy is robbing our unborn descendants of their right to express comments and opinions contrary to ones only he approves of – something that davy foolishly takes for granted. This increasing awareness is translating into a growing consensus that our so-called ‘Davyturd’ needs a mental health intervention in order to fix his problems and correct his historic
    insanity. Unfortunately, most PO.com activists continue to be hampered by the fact that there is no moderation for extremists and there is no power operating in this forum, the scale of davys problem that we face… and what would actually be required to fix it. In Troubled PO.com, skumMedia takes a closer look at these dynamics, arguing for the importance of taking bold action to defend sane and coherent conversion, even as we work towards to overthrow of davys reign of terror and replacement of him with something more intelligent and polite, like an inert chuck of rock. or pile of goat-feces.

  39. ANSL REAPER on Thu, 6th Feb 2020 3:43 pm 

    above not supertard obv.
    muzzies lover all the same

  40. Cloggie on Thu, 6th Feb 2020 3:49 pm 

    The above is an example of how mad juanPee is. He does not deserve to be on this forum with intelligent people. Check in somewhere stupid

  41. Abraham van Helsing on Thu, 6th Feb 2020 3:54 pm 

    “Moscow and St. Petersburg See Warmest January in Recorded History, 18 Degrees (F), 10 (C), Above Monthly Norm”

    https://russia-insider.com/en/moscow-and-st-petersburg-see-warmest-january-recorded-history-18-degrees-f-10-c-above-monthly-norm

    “WATCH: America Is an Oligarchy Trying to Screw You! – Colin Powell’s Fmr Chief of Staff Nails It (Col. Wilkerson)“

    https://russia-insider.com/en/watch-america-oligarchy-trying-screw-you-colin-powells-fmr-chief-staff-nails-it-col-wilkerson

    “Russia WON’T Intervene in Iran, the US Will LOSE a War Against Iran, This Is the Beginning of the End of the US Empire“ – TheSaker

    https://russia-insider.com/en/russia-wont-intervene-iran-us-will-lose-war-against-iran-beginning-end-us-empire/ri28134

  42. Abrahamy van Helsing. on Thu, 6th Feb 2020 4:36 pm 

    “The above is an example of how mad juanPee is. He does not deserve to be on this forum with intelligent people. Check in somewhere stupid”

    I agree 10000% with you cloggie. juanPee is clearly, the greatest threat we face today. It is time the intelligent people of this board, yourself, me, and Davy, to stand up for our rights.

  43. More Lunatic Davy ID Fraud on Thu, 6th Feb 2020 5:00 pm 

    Cloggie on Thu, 6th Feb 2020 3:49 pm

    Abrahamy van Helsing. on Thu, 6th Feb 2020 4:36 pm

  44. ASNL REAPER on Thu, 6th Feb 2020 6:35 pm 

    all above is expression of muzzie love
    nothing significant nothing of note nothing of worth

  45. Cloggie on Thu, 6th Feb 2020 6:39 pm 

    Asnl reaper is a disgusting juanPee sock. You should be banned from this board idiot!

  46. JuanP on Thu, 6th Feb 2020 6:43 pm 

    TRUMP 2020!

    Donald Trump Having The ‘Best Week Of His Presidency’

    Donald Trump is having a great week. Just one day after his approval rating hit an all time high, the president emerged victorious from another ‘six ways from Sunday’ fail with a Wednesday acquittal in his CIA-sparked impeachment trial. Add to that a botched Iowa caucus that made the Democrats look like a joke, and Trump According to Financial Times’ US national editor Edward Luce – who is not a fan of the current POTUS, this week may have been Trump’s ‘springboard to re-election.’ Three years after taking office, Mr Trump is the least unpopular he has ever been. Moreover, he can do almost what he wants before November without fear of restraint. Impeachment was hardly a blip. Inviting foreign interference cost him nothing. The vote-counting fiasco in Iowa shows how easy it would be to contaminate public trust in the election process. -FT Luce notes that the most recent Gallup poll found that 63% of voters approve of how Trump is handling the economy, “the largest such rating since George W Bush in the aftermath of the September 11 attacks.” The FT editor then trots out ‘Trump inherited Obama’s recovery’ and notes that ‘incumbent presidents are almost always rewarded with more dollars in people’s pockets,’ but says that all of that is immaterial. The win goes to Trump. Hilariously, Luce chalks Senate Republicans’ defense of Trump with cowardice, writing that Utah Senator Mitt Romney (R) “plucked up the courage to declare that the emperor had no clothes.” What the FT exec is missing, however, is that Senate Republicans viewed President Trump’s request that Ukraine investigate the Bidens as largely justified – regardless of the paused US aid. Lastly, the botched Iowa caucuses were a disaster – not just because of technical glitches, but because of low voter turnout. According to Luce, “almost a third fewer of Iowans, or 16 per cent, went to the caucuses as in 2008 when Mr Obama’s campaign took off.” This points to a “serious enthusiasm gap” between Democratic voters and Trump supporters. And unless voters ‘feel the slowdown in US growth’ and the Democrats unite behind a ‘good nominee,’ it looks like Trump will walk away with another four years in the White House.

  47. Duncan Idaho on Thu, 6th Feb 2020 6:47 pm 

    “In 2020, party unity increasingly looks like it will require a progressive nominee. The establishment would rather maintain control.”
    A corporate Dim or the Fat Boy?
    The Dim would just be a slower death–
    The Fat Boy will put this in the ditch faster.
    Go Trump!

  48. Duncan Idaho on Thu, 6th Feb 2020 6:56 pm 

    I think he can still win, of course. If nothing else, we know he’ll cheat, and who knows what will happen with the Democrats.

    But please, this non-stop handwringing over his 49% approval rating is just wrong, at last right now. All the polling taken in recent days has him right where he’s always been, mired at 45% or below.

  49. the good news network on Thu, 6th Feb 2020 7:01 pm 

    world supremacist muzzies bag day feb12021

    world grater nedertardland 72 days away

    just a quick reminder

  50. Duncan Idaho on Thu, 6th Feb 2020 7:07 pm 

    Well, looking good:

    https://qcostarica.com/wp-content/uploads/2016/11/161010-trump-dictator.jpg

Leave a Reply

Your email address will not be published. Required fields are marked *