Did Lytton burn because of the air temperature? After all, it was 49 degrees that day. A scorcher. And a record.
Or was it sparks from a train? (The authorities say not.) Or careless human behaviour? Mischief? Spontaneous combustion? Whatever – people died, homes and businesses lost, a tragedy.
This week in Glasgow the prime minister said Lytton incinerated because of climate change so this justifies a hard cap on emissions from the oil and gas sector. What that means is vague, fuzzy and a burr under Jason Kenney’s saddle. When the Libs drop the Throne Speech, then the budget, we can expert ‘climate emergency’ to be overworked words, and come with financial penalties.
Whether you agree this is required or not, 2022 is shaping up to be a landmark year. The T2 gang has an ambitious program of spending on both the climate and social justice. The spring budget will contain a suite of tax increases. Meanwhile the economy is being swept along with a surge in the US GDP, a big labour shortage, strikes and wage demands, romping energy costs and – above all – inflation caused by all this plus shortages and a busted supply chain.
So many people got this wrong. They include not only the august, omniscient steerage section but central bankers. Unseen was unbridled consumer spending, the great resignation, an energy crisis, endless real estate lust and structurally higher prices. Inflation is not transitory any more. It’s real, growing and will be fed by leaders such as ours through taxes and climate-driven inefficiencies.
So here’s the result. The third round of mortgage increases in as many weeks. Yesterday the TD led things off again, pushing costs up across all its home loans. The benchmark five-year fixed rises another quarter point to 2.84%, which has been paced by RBC. Loans at 3% are coming, and more subsequently.
Bond yields are up again, of course. The Canada five-year is above 1.5%, which represents a doubling over the past few months. Things took a sharp turn north last week when the Bank of Canada abruptly ended its quantitative easing/bond-buying program and revised the timetable for official rate bumps.
As we yakked about here on Monday, the financial markets are front-running the CB. Traders are betting that Canada’s hot inflation and silly housing market, along with surging energy costs and profligate government spending will send rates higher, faster than in other lands.
What’s the current thinking? Should you take a variable-rate mortgage or a fixed one? Is it wise to lock in now or wait for this storm to blow through?
Economists’ estimates vary somewhat, but it seems most expect at least four rate hikes in 2022, adding a full 1% to the prime (now at 2.45%) and making home loans (including VRMs) considerably more costly. It doesn’t stop there. The next year will bring up to four more increases, taking the bank rate from a virus low of 0.25% to at least 2.25%. You can see the impact on mortgages now – and the Bank of Canada has not even started. So it seems safe to assume five-year real estate loans will be at 4% or greater by the time people who bought during the pandemic renew.
“I think there is a risk of getting into the market at today’s rates,” says CIBC’s chief economist, Benny Tal. “We are still dealing with emergency interest rates. Let’s remember that these are not normal interest rates and eventually they will rise.
“If you’re in the market now and you’re thinking about buying this huge house with a huge mortgage, let’s think about it for a second. Can you afford this mortgage if rates will be 10, 150, 200 basis points higher? If not, buy a smaller house or rent.”
Well, that’s interesting. The spokesguy for one of the country’s major mortgage-providers telling you it might be better to lease than to buy. Tal is using words like “victim” to describe people borrowing today at low rates that only have one direction in which to travel. It reminds of the “teaser rates” so much in evidence prior to the US housing crash of 2005. People were sucked into loans that turned into unrepayable behemoths when the cost of money eventually romped higher. The consequences were devastating, leading to a 32% plunge in prices nationally. Some areas saw a 70% plop.
So will swelling rates mean deflating prices here?
Nah, says Tal. It will be more like just pain and grief for the over-leveraged. If inflation keeps jumping and the economy expanding, real estate values could hold even as the cost of owning augments. As he told BNN (which you should never watch):
“I think that when it comes to affordability, really the speed at which interest rates will be rising is key. Again, the market is pricing in six hikes in 2022. That’s very, very aggressive, and we know that there is a significant difference between what the market is thinking and what actually will happen, but clearly we have to think about higher interest rates down the road.”
So what does this have to do with Lytton? Or Glasgow?
Lots. Next year it all happens together. Rates. Taxes. Inflation. Plus a a top-down green regime. Jason Kenney’s head will explode. The days of cheap gas and cheap money will be gone. How best to prepare? Stay tuned.
About the picture: “This is our 2 year old mutt Nala,” writes Spencer from AB. “She is half Bernese Mountain Dog and half Maremma. She is the ultimate guardian to our acreage in Northern Alberta. She always looks out for and protects the other animals we have around. This aspect of her reminds me of you and your blog. Always looking out for the greater good of society. Thank you for any input and all that you do.”
179 comments ↓
Reminder: all critics of Climate Emergency measures need to be accompanied by suggested measures that should be implemented instead.
@#259 Don Guillermo on 11.02.21 at 12:03 pm
Oh for goodness sake, DonG. I forgot the obvious one (leasehold land development on FN land ) in our own backyard. Good golf course there, too.
Our leader Justin has indeed drank the Kool-Aid… He needs educating and a reality check. Either that or new employers.
#28 Doug t on 11.01.21 at 1:31 pm
AMEN – if its WOKE its BROKE
You said it Doug t!
The only way for humanity to improve, get better, right wrongs and evolve is to ignore and shut down the nonsense.
It is the best and wisest path forward for us all.
Who cares we benefit from other’s misery?
Who cares if it is nor fair for THEM!
Who cares if they even have water? Right?
You have water. I have water. Where is the problem?
Their land? As if?
It is MY LAND!
I PAID GOOD MONEY FOR IT!
It would be good if all this WOKE business was rolled back to pre civil rights time. Pre women voting rights time. All this Human Rights nonsense…they shouldn’t have human rights, only I should!
All this stuff is so inconvenient.
/s
It seems people are rushing to buy homes now while they can lock in lower rates in anticipation of increases.
Where are all these people on a knife edge of being $200 a month away from bankruptcy? I never believed those surveys.
“I think there is a risk of getting into the market at today’s rates,” says CIBC’s chief economist, Benny Tal. “We are still dealing with emergency interest rates. Let’s remember that these are not normal interest rates and eventually they will rise.” +++
I can’t stand Benny Tal, Garth. He thinks he’s Britney Spears. Mercy. Give us Derek Holt or Doug Porter.
Anyhoo, the solution is ‘early renewal’ for peeps sitting on first base of the their current term. Don’t wait and don’t try to steal any bases. Too risky.
Oh…and whatever you do, don’t get divorced. Stick with the one you brought. For the time being, lol!
So many people got this wrong.
—————————————
Easier to point out what right these days…..in about 4 minutes.
Well dufus Socks can shutter our oil and arguably the cleanest most ethical oil on earth. Now we can buy from the bigger polluting countries that produce it.
Yup its going to be expensive as hell to live for a variety of reasons.
Go listen to the dude on Campbell this weekend. Oil analyst that has it right.
Climate change and Emissions Reductions
“Net Zero” will not be enough to satisfy the greens. Give them “net-zero” and they will demand “zero”, forget the net.
Case in point: A representative for Estevan Saskatchewan was on CBC radio Monday morning talking about their coal mines, and coal-fired electricity plants. An industry extremely important to that little city.
It so happens that these coal plants were early adopters of a carbon capture and storage system and it seems are already “net-zero’. Hurray?
Logically, they could be exempt for a broad commitment to shut coal plants by 2030. But a broad commitment will not allow for logical little exceptions.
The next guest was asked if the carbon capture solved the problem for these copal plants? Nope, she said, even if it’s net zero we need to cut emissions. Well, why if the carbon is captured? Because we need to cut emissions too, that’s why.
This is what industry is dealing with.
Did we ever time this right!
The minute we could renew our 5-year fixed mortgage without incurring a penalty, we did. We went from 2.46% to 2.53%, a difference of a couple of bucks bi-weekly.
I sure hope we can afford this increase :-)
“Jason Kenney’s head will explode.”
This would be an improvement to Alberta’s leadership. 20% approval thereabouts? Alberta Party coming in hot.
I just want to thank you for continuing to fight the good fight Garth with wit, wisdom and a much needed injection of humor in these crazy days. Haters going hate and nothing is going to change their tainted twist on life.
Cheers from sunny Alberta!
I thought BNN was OK? What are your concerns with it?
The Lytton area is currently a burgeoning wildlife habitat. After the early hot spell and fires, the rains came, it cooled down and everything is now green and lush with tender nutritious grasses.
Deer and sheep everywhere, large coveys of chukars from the dry spring, grouse and pine mushrooms. Next spring will yield a bumper crop of morels and wild asparagus.
Cleanse and rebirth. Nature. And choices. A person choosing to mountain bike will eventually crash. A person choosing to build in a fire ecosystem will eventually face a fire.
Check out this classic:
https://www.youtube.com/watch?v=Rupm6xX89BA
It is so on the money!
You got the “Royal Ground”, never mind how it was claimed or from who.
You’ve got a the GreaterFool with the star on his hat. Of course he buys into the Royal Grown sales pitch, and agrees to settle upon it.
You’ve got Bugs Bunny, who at first points out the craziness of the claims, but then is quick to give you his spot on impression of the Canadian Realtor. Complete with claims about financial gain and offer pressure tactics.
Or maybe that’s an impression of a politician looking for settlers?
I bet you this episode is on a loop at the quarterly Realtor meetings!
Garth, you are such a tease. Stop with the visuals of Jason Kenney’s head exploding – you are feeding an addiction, you bad boy you:)
Much more seriously, the green initiative. While I would very much like to live in the land of fairy dust & unicorns, reality is that Canada is a country where winter weather rules. Like it or not, oil & natural gas (propane) are the two main suppliers of warmth during the winter season, often supplemented with firewood. So if our government is going to place a hard cap on emissions (while countries like China burn coal) that program had best include a hefty dollop of investment in technologies to ensure that the suppliers of winter warmth can reduce emissions to the desired level. Because if I am freezing I’m going to be more concerned with staying alive right now than trying to reduce climate emissions. Just saying.
A reminder that long-term studies have proven This Weblog as Safe and Effective – when taken at the recommended dose. Once per day. (Do not exceed recommended dose. If symptom persist contact your Financial Advisor/Adviser)
————-
— Life in Kanada – Science is different here. If you are in Windsor ON pop across the border to Michigan USA. No masks, no “green passes”. Freedom. We are being broken, brainwashed in Kanada, into 2022-23.
—
–Almost back to normal guys! So close!! This ain’t March 2020. This is now almost 2 years, reset territory.
These jobs will be filled by cheaper, imported labour. The Middle Class must go.
This is how the (former) First World Countries will go
.Canadian Trucking Alliance (CTA) raises alarm about vaccine mandate, Metrolinx cancels buses(trucknews.com)
.Up to 27,000 federal public servants miss deadline to affirm they are COVID vaccinated (nationalpost.com)
.Locking Guests Inside Disneyland Shows China’s Extreme Covid Tactics (bloomberg.com)
.Metrolinx suspends unvaccinated employees, resulting in bus trip cancellations (cbc.ca)
.Booster shot now advised for Canadians who received two shots of AstraZeneca (nationalpost.com)
.Resorts of the Canadian Rockies to require vaccination to access lifts – BC News (castanet.net)
.Ukraine: Kyiv Mayor Defends New Restrictions As COVID-19 Numbers Soar (rferl.org)
https://www.nzherald.co.nz/world/covid-19-delta-outbreak-tongas-main-island-going-into-lockdown/HLQAK6ZZAKWYQOMOYOPXTCBYIQ/
“The Tongan Government has announced that the main island Tongatapu will go into lockdown from midnight after the discovery of the first case of Covid-19 in the Kingdom last week.
But he said the limits on gatherings are strict.”
Are there any financial advisors out there who are really thinking into the necessarily dark reality that faces us? I have not encountered any yet, frankly.
We absolutely have to gut the oil economy as well as many other parts of our over-consumption psychology and its economic children. This has to begin ASAP, probably in 2022 as Garth says.
I am wondering a lot now about ‘stranded assets’ that will be littering our economy, including many types of stocks and investments that simply won’t have traction anymore.
Considering how much we waste on over-consuming suburban mcmansions etc.., there will likely be whole categories of real estate that also become stranded assets.
Apart from the usual gold bugs and crypto bozos, I have yet to hear any sense of direction through what is coming from anyone in the financial planning field.
#1 OriginalAlex on 11.02.21 at 12:54 pm
Reminder: all critics of Climate Emergency measures need to be accompanied by suggested measures that should be implemented instead.
————————————-
Here’s one.
Call China / India and ask them to get on board.
Their a no show so its pointless. Just more taxes and higher cost on living in Kanada with net zero results.
02.21 at 1:27 pm
#251 Ponzius Pilatus on 11.02.21 at 11:01 am
#249 the Jaguar on 11.02.21 at 10:30 am
@#245 Do we have all the facts on 11.02.21 at 9:54 am
What about homes constructed on FN lands sold to non band members as profitable business enterprises, thereby enriching the band as a whole. Example: Westbank FN. There are others.
——–
Many First Nations have Economic Development as a key part of their future. Osoyoos wineries are a major success story, and there are many others I am aware of throughout BC, including but not limited to:
Seafood processing (Nuu-Chah-Nulth, Nimpkish), boat launch operations (Clutsehaven in Port Alberni) marinas (Secret Beach, Toquaht Bay), campgrounds (Nanoose), commercial operations built on reserve land and leased to the public (Tseshaht, Nanoose), resorts (Tin Wis, Wya, many motels on the west coast), charter operations… the list goes on.
This isn’t an either-or question. Excellent progress has been occurring for a long time.
The strident wokesters who think they speak for First Nations are condescending in the extreme
————————————
Sailo, you forgot to mention the Squamish FN in the Lower Mainland.
I call them the GUCCI FN.
You know which FNs I mean.
You can’t be that dense.
And I agree, I don’t speak any of the many Native languages.
Do you?
Bicycles for sale!
Bicycles for sale!
Full MSPR due to shortages.
You’re lucky if you get one, so buy now for next season.
No insurance! No fuel! Free parking! Minimal maintenance costs! Fun for the whole family!
Get everywhere conveniently on the recently converted car roads (now bike lanes), and remove your gym membership costs from your life as well!
How to prepare? Idk make lots of money I guess
7 Philco on 11.02.21 at 1:04 pm
So many people got this wrong.
—————————————
Easier to point out what right these days…..in about 4 minutes.
Well dufus Socks can shutter our oil and arguably the cleanest most ethical oil on earth. Now we can buy from the bigger polluting countries that produce it.
Yup its going to be expensive as hell to live for a variety of reasons.
Go listen to the dude on Campbell this weekend. Oil analyst that has it right.
—————————-
You mean Michael Campbell, the former premier’s brother?
I would not put this guy in charge of predicting the next hours weather.
Weird black eyebrows.
#2 the Jaguar on 11.02.21 at 12:56 pm
@#259 Don Guillermo on 11.02.21 at 12:03 pm
Oh for goodness sake, DonG. I forgot the obvious one (leasehold land development on FN land ) in our own backyard. Good golf course there, too.
++++++++++++++++++++++++++++++
Yes, beautiful acreage homes as well!
No expert on climate change.
All I can say I like my air and water clean and pristine as the picture of Mount Baker that I saw this weekend on a brilliant autumn day in the Lower Mainland.
I have watching Socks as much as I can stomach at the climate conference.
All I can say is that it strongly appears the lower income 75% of Canadian households are going to be in a world of financial hurt.
Net 0 prosperity / ability to maintain any resemblance of our former standard of living with all these extra carbon costs.
May Dog help those who are not today quite wealthy . The future looks like a financial apocalypse for the lower 80 % of us little Beavers. Massive extra costs loaded on to massive debt. What other than true disaster could possibly be the outcome for average people ?
Trudeau needs to read Koonin’s “Unsettled”… scratch that … maybe just any book.
As he told BNN (which you should never watch):
I must have missed this from earlier posts, and I am curious now. What is the reason we should never watch BNN?
I get my news here now. Seriously, nothing compares.
#6 Shawn Allen
There is only a single 100 MW Carbon Capture and Storage coal fired power plant at Estevan. It works pretty good and is more or less a demo unit of what can be achieved.
Yesterday I noted that some of the posters in this blog were talking about all the mass graves that were discovered at former residential school sites and claiming they were a sign of systematic abuse, mass murder, and/or genocide of First Nations’ children.
In all the reporting about the discoveries of the unmarked graves there was no claim that they were mass graves and they were simply graves with no markers at residential schools that had been demolished at some time in the past and had existed since around about 1890. The graves were laid out in the standard grid pattern of most cemeteries and records were kept of who was buried there but have been mostly lost or misplaced. In one news story I read that at least some of the graves were from non-children people who had died of natural causes. Investigation is ongoing and attempts are being made to identify who is in the graves.
What I have noticed is that if you walk through any old graveyard out in the country there are unmarked graves. Some of the old people remember who is buried there. A lot of people were poor and couldn’t afford fancy grave markers and instead used wooden crosses which eventually disappeared. (It only takes 50 or 60 years for solid oak beams from old farm equipment to rot into nothing). People making claims of genocide and mass slaughter of children have not really thought about what they are saying and haven’t analyzed any of the evidence. As far as I know the world still operates on “innocent until proven guilty in a court of law”.
#17 Marcia M on 11.02.21 at 1:51 pm
Are there any financial advisors out there who are really thinking into the necessarily dark reality that faces us? I have not encountered any yet, frankly.
We absolutely have to gut the oil economy as well as many other parts of our over-consumption psychology and its economic children. This has to begin ASAP, probably in 2022 as Garth says.
I am wondering a lot now about ‘stranded assets’ that will be littering our economy, including many types of stocks and investments that simply won’t have traction anymore.
Considering how much we waste on over-consuming suburban mcmansions etc.., there will likely be whole categories of real estate that also become stranded assets.
Apart from the usual gold bugs and crypto bozos, I have yet to hear any sense of direction through what is coming from anyone in the financial planning field.
——————
Good stuff.
Regarding over consumption:
As most of the junk comes from China, it seems that the problem will take care of itself soon.
China is facing severe shortages in almost everything, and XI (She) is instructing his people to cut back on buying non-essential items.
And is instructing his factories to focus on producing mostly essential items.
So enjoy your last x-mas with cheap plastic toys under the tree.
Next years it’s back to oranges and home made toys and sweaters.
Well, that’s all I got when I wore a younger Man’s clothes.
Young T2 is living in his own glory…. holding on to a microphone posing for the world, and even willing to give a billion dollars to the cause…..
He is either a saviour or just blinded by the lights…..
Everyone, continue to brace yourself, or wake up from this nightmare.
We have had a carbon tax in BC since 2008 and it’s currently 9.96¢/litre.
In Metro Vancouver, we also pay Translink tax of 18.5¢ per litre.
I filled up today for 157.9 and this is lower than a couple of weeks ago.
The result is that B.C. tops North America for electric vehicle uptake
In 2021 Lytton burned. It burned at least twice in the twentieth century and once in the nineteenth. It’s not a poster child of climate change.
Where’s Bono when you need him? (and I don’t mean Bonokoski)
Hey, did anyone see that market crash that was predicted by that $5000 a year newsletter-writing “investor” last Friday? Yeah, me neither.
Higher rates to strengthen the dollar result in lower import costs and higher export prices, all else equal.
“The days of cheap gas and cheap money will be gone.
How best to prepare? Stay tuned.”
______
I always knew the GF blog was part prepper!
Of course the preps will be decidedly unlike those of the bunker building, ordnance stashing; prepper mainstream.
Mine too it seems, diesel 3/4 tons and wood burning oddities don’t usually make the prepper headlines.
Where is that apocalypse “PREPARE!!” dude?
Have you seen all the news about insider trading with the politicians and Federal Reserve?
>>>
Federal Reserve clampdown on staff trading turns spotlight on other central banks
https://www.ft.com/content/68e21958-395b-4ea2-a288-162a1b12f4bc
Do the rate hikes also increase HELOC rates?
@ 18 Philco
So we can’t do anything until China and India do anything? Yeah, that’s not solving the issue at all. Have to start somewhere. Here and now sound about as good as we can do.
#35 Faron on 11.02.21 at 2:39 pm
Hey, did anyone see that market crash that was predicted by that $5000 a year newsletter-writing “investor” last Friday? Yeah, me neither.
____
Heh, forgot about that one. That’s the nature of the beast when you’re in the scammer business…
Carbon Tax and Gas Tax working as Intended…
#32 Fill ‘er Up on 11.02.21 at 2:32 pm
We have had a carbon tax in BC since 2008 and it’s currently 9.96¢/litre.
In Metro Vancouver, we also pay Translink tax of 18.5¢ per litre.
I filled up today for 157.9 and this is lower than a couple of weeks ago.
The result is that B.C. tops North America for electric vehicle uptake
***********************
$2.00 per litre would see even more electric vehicle sales and more transit use and also be entertaining from the perspective of Alberta.
I hope the largest carbon tax is reserved for all of the hot air spewing forth from our dear Photo-op Minister’s mouth.
Coal Power Plant Carbon Capture…
#29 George S on 11.02.21 at 2:23 pm
#6 Shawn Allen
There is only a single 100 MW Carbon Capture and Storage coal fired power plant at Estevan. It works pretty good and is more or less a demo unit of what can be achieved.
******************
That’s a good clarification. Looking it up the coal plants there are old.
It seems coal power plants will be phased out and putting carbon capture on will not an exempt a coal plant from the bulldozer. Logically it should. But nope.
It’s the coal mining jobs that Estevan worries about. And they are right to worry. The place will likely wither.
I’m not a fan of zero carbon after having worked in energy R&D for forty years. The public is being hustled. We had a wind turbine on site. Whenever I encountered the project leader in the hallway I would ask him how it was going? He would just roll his eyes.
So CO2 is now ‘air pollution’. In air it’s a trace element. Its concentration is a ‘squishy’ number, certainly not a metric you would hang your hat on. Without CO2 we wouldn’t exist.
I just saw the new CIBC sign.
The colours and font look similar to the Rogers communication sign.
Hopefully those colours don’t bring board infighting at CIBC
#32 Fill ‘er Up
The result is that B.C. tops North America for electric vehicle uptake
—————————-
Now if only the uptake of remote combustion vehicles had anything to do with mitigating carbon emissions.
#15 Linda on 11.02.21 at 1:46 pm
Garth, you are such a tease. Stop with the visuals of Jason Kenney’s head exploding – you are feeding an addiction, you bad boy you:)
Much more seriously, the green initiative. While I would very much like to live in the land of fairy dust & unicorns, reality is that Canada is a country where winter weather rules. Like it or not, oil & natural gas (propane) are the two main suppliers of warmth during the winter season, often supplemented with firewood. So if our government is going to place a hard cap on emissions (while countries like China burn coal) that program had best include a hefty dollop of investment in technologies to ensure that the suppliers of winter warmth can reduce emissions to the desired level. Because if I am freezing I’m going to be more concerned with staying alive right now than trying to reduce climate emissions. Just saying.
___________________________________________
Canada will not stop using oil and gas in our lifetime. It is going to take fusion based technology to save our cold asses from freezing to our seats in our homes. These climate tree huggers only have concepts of slowing down fossil fuel energy from their cozy California climate homes where they do not have to contend with anything less than 10C or at worst 0C. The fact of life here is that while electric energy can be 100% efficient it takes fossil fuels or nuclear to create it. Only certain areas have the benefit of hydro electricity. Gas will be here for the next hundred years. So live with it dreamers or go live somewhere tropical.
Rents are inflating too though so there’s no escape.
We’re already being penalized via the carbon tax, weird how nobody appears to see this is what is driving much inflation. This not only hits gasoline but food and everything else in the country. The vacc passport will morph in to a climate emergency passport aka a social credit system based on the climate emergency. Believe it, or not. I’ve been saying this for awhile and, of course, called crazy. Not so crazy now. Coming sooner than we think.
re: #6 the Jaguar on 11.02.21 at 1:03 pm
Royce Mendes > Benny Tal. Not even a discussion.
#29 George S on 11.02.21 at 2:23 pm
“As far as I know the world still operates on “innocent until proven guilty in a court of law”.”
Spoken like a true settler.
An 8% plus increase for dairy in 2022 from the dairy racket – will translate into > 10% at the grocery store. Cost push inflation.
i think people are well off, $15 an hour. is acutally pretty good. They say outside Toronto its like 17 and 22 in toronto. How about no whereville. where you own your own home and can ride your bike to work. what does living really cost.
an old friend called, he is living in his van, no joke, like a van. i said dude, go get an apartment, you get like 1700 month in minimum govt pension cheques, he said it goes for food, and gas,cell phone, storage(i laughed), and dog food.
i just cant believe some people live there life and end up in a van. its a mental issue, its not financial.
South Korea’s 5 year bond yield is 2.30% today. It is coming to a Canada near you. Canada’s 5 year bond yield is currently 1.48%.
Climate change is here to stay, and only to progressively get worse. As the global population increases so will the need for fossil fuels.
Most things in our lives rely on energy last time I checked.
Who’s kidding who when it comes to the crocodile tears shed at COP26?
Interest rates won’t go up till inflation goes up by 6-7%.
This pretty much sums up Cop26:
https://i.imgur.com/3y5htzO.png
I liked it that they made Trudeau a drummerboi. Modi looks good with bagpipes. Vlad, not so good in a kilt.
The only honest moment during Cop26 was this by Angela Merkel [presided over the first UN Climate Change Conference in 1995 as Germany’s environment minister…not much has changed her Zen]:
https://twitter.com/dwnews/status/1455516289863061509
Angela probably headed soon to Isola di Ischia, her favorite:
Terme di Poseidon
https://www.giardiniposeidonterme.com/
[and real pizza as she will be in the Gulf of Naples, not the N. American fake cheese, focaccia, gluten grease disc “pizza”]
How is it possible prices “hold” when rates double?
Has that EVER happened? Anywhere?
Genuine question!
The heat dome that Socks Boy wrongly said was responsible for the Lytton fire was likely the result of a well-known weather phenomenon called jet-stream blocking. Under normal weather conditions, high and low low pressure zones move on, but sometimes they stall, as they did last summer, trapping a stationary high pressure zone over BC. A similar, but low pressure block was likely responsible for the torrential rains that hit eastern Europe about the same time. Jet stream blocking may be attributable to global cooling, not warming.
Question:
How can the economy keep expanding if :
– We have record debt levels with increasing interest rates.
– Massive inflation.
– More taxes on everything.
– Increased oil prices.
Answers please.
Something has to break and it’s going to be GDP.
Answers please? I don’t see
“Or was it sparks from a train? (The authorities say not.) Or careless human behaviour? Mischief? Spontaneous combustion? Whatever – people died, homes and businesses lost, a tragedy. This week in Glasgow the prime minister said Lytton incinerated because of climate change.”
———————————
Of course the authorities say that.
But the first fire report was from a motorist who “saw flames under the train that was at Lytton.”
That story has likely been buried deeply.
And not just by Trudeau.
So many people got this wrong. They include not only the august, omniscient steerage section but central bankers.
———
And some got it right. With 25% prefs in my B&D portfolio, all is well. Inflation wasn’t my goal when I set that up, simply that interest rates were rock bottom and they can only go Uppa! Uppa! Uppa! Quite a ride for 2021 so far with my spectacular B&D sitting at 21.10% ytd. Ooooh baby!!! We have another 8 weeks to go for 2021 after this week. I wonder where things will sit on the last business day of 2021.
Hey, anybody else hear the Christmas music playing in the grocery stores yet and see the Christmas adverts on the tele?
All I want for Christmas…is a fat B&D!
#13 Sail Away on 11.02.21 at 1:40 pm
Your point?
#22 Ponzius Pilatus on 11.02.21 at 2:02 pm
7 Philco on 11.02.21 at 1:04 pm
So many people got this wrong.
—————————————
Easier to point out what right these days…..in about 4 minutes.
Well dufus Socks can shutter our oil and arguably the cleanest most ethical oil on earth. Now we can buy from the bigger polluting countries that produce it.
Yup its going to be expensive as hell to live for a variety of reasons.
Go listen to the dude on Campbell this weekend. Oil analyst that has it right.
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You mean Michael Campbell, the former premier’s brother?
I would not put this guy in charge of predicting the next hours weather.
Weird black eyebrows.
————————————
Yes the same one that despises his own brother. Never mentioned his name in 20 years.
So what the hell does that have to do with it?
AND if you could read he was not making the prediction or call.
Apparently weathers pretty hard to predict….The last couple days their way off here.
#33 Keith on 11.02.21 at 2:34 pm
In 2021 Lytton burned. It burned at least twice in the twentieth century and once in the nineteenth. It’s not a poster child of climate change.
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The fire may not have been, but the temperatures that preceded it were.
Linking fire and climate change is difficult because of the numerous variables that have to come together for a major wildfire grow out of control: wind, heat, dry fuels, sufficient fuel amounts, sufficient fuel size, ignition source etc. That is why event attribution for specific wildfires may never be possible, and for whole seasons in whole regions is challenging. Anyone saying Lytton’s fire was caused by climate change is making statements not supported by scientific findings.
That said, heat and drought support wildfire. Hotter and drier summers are in BC’s future. So, it shouldn’t come as a surprise that, as long as there’s forest to burn, we may see more fires.
Apocalypse, my dear bro, come out, come out, wherever you are!!
The world’s gonna blow up!
TRILLIONS of Canadians will be toast!
Get out of the bunker, and help us PREPARE!
Bring me a 6-pack when you come, k.
more doom and gloom ….just like the last 60 yrs.
Alarmism certainly isnt the answer.
I am all for cleaning up how we do things. But lying, peddling fear and taxing us into oblivion won’t help solve anything.
#24 Ponzius Pilatus on 11.02.21 at 2:08 pm
No expert on climate change.
All I can say I like my air and water clean and pristine as the picture of Mount Baker that I saw this weekend on a brilliant autumn day in the Lower Mainland.
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Yeah, the air seemed perfectly transparent last weekend thanks for a good washing and strong winds off the ocean.
Some friends and I climbed a mountain called El Capitan above Lake Cowichan. There was crisp sun, crunchy snow, and frosty cold valley bottoms. Mt. Baker stood off to the SE and a rare glimpse of Glacier Peak, a volcano that typically lurks behind the deep North Cascade Mountains and is seldom seen, was on offer. Life is rough on this wokester island hellscape.
#4 Nostalgic on 11.02.21 at 12:59 pm
Interesting satire.
It’s been said (because it’s obvious and true) that we should model ourselves after success, not failure (naturally some stumble in not identifying what that is). Economically, when we look at economic success, for better or worse, California comes quick to mind.
California unto it’s own entity, possesses the 5th largest GDP in the world in comparison to any other nation. Cali has roughly the same population as Canada and yet, Canada ranks 9th in global GDP. With all of our resources, a nation unto ourselves, and all of our national pride and puffery, how could this be that a mere U.S. state clocks our GDP by 50%? (its true, by nominal value, Cali’s GDP is 50% greater than ours)
For one, multiple generations of success in leading the world in high tech i.e. silicon valley. This isn’t by accident. California possesses some of the world’s best post secondary education in specific sectors (like high tech) that once again, take multiple generations to develop. They lead with the benefit of incumbency, whether it’s in entertainment like Hollywood or Disney, agriculture (their food production of vegetables, fruits, nuts, berries etc. is legendary) robotics, AI or creation of the internet and as of late, EV’s.
We can call California many things, but unimaginative and unsuccessful isn’t among them.
Why is it that California is the most successful state, even more successful than oil rich Texas or money rich NY? Well, for one, they are awake, another term for “WOKE”. California doesn’t have anywhere close to the same levels of racial conflict that other states have. We’ve all heard the terms peace and prosperity. Prosperity never comes before peace. Like, ever.
Wherever there is conflict, what we see is a poverty effect. This plays out over and over throughout the world. The poorest nations (and states) are generally the most conflicted and oppressed. Sure, the argument can be made that the richest nations have the richest commodities and to some degree its true but what about California? Where do their riches come from?
Try brains. Common sense that recognizes that true prosperity comes from peace. A simple recognition that peace can’t come without virtues, among them being equality for without equality, there is only inequity or a lack of fairness and injustice which is? Costly. Maybe WWII costly or deep south costly but most definitely, economically costly.
Lets try to remember this next time we think about “woke” and how it’s become politicized by the political right from Republicans who drive up support for their mostly white base with their “us poor whites are so victimized” and “immigrants are wrecking this nation and we must defend our borders” from the “woke” crowd.
How’s that worked out economically btw for states like Alabama, Louisiana and the confederate south? In case dumb crackers haven’t figured it out yet, marginalizing 20 to 30% of your population by race and other forms of discrimination is costly! That’s 20 to 30% that can’t live up to their fullest potential precisely because they are marginalized.
This doesn’t just suppress large segment’s of a populations fullest potential, it costs money to marginalize and discriminate and so it bleeds these states dry of tremendous energy, ingenuity and full potential. Smart people don’t want to live there, they know it leads to conflict, so they leave and end up in places like? California.
The state where woke awakened. Thee “start up” state. The state where everyone has, at least until now, the best chance of living up to their true potential.
We may want to remember this the next time us great unwashed (i.e. easily led) here in Canada parrot banal talking points sure to lead to repeated poverty effects uneducated inbred crackers know only to well:
https://en.wikipedia.org/wiki/Cracker_(term)
This “climate” debate is nothing but a ruse packaged in a comfort blanket to ease our own guilt – humans are like The Borg on Star Trek – consume, destroy, consume, destroy, rinse and repeat – NOBODY in government/Corporations can do anything to thwart the mess generated by BILLIONS of Borg bent on consuming their way to their own Graves – consume, destroy, consume, destroy ……………….
Isn’t it funny and ironic that Trust boy Trudeau got most of his wealth from oil and gas. Now he wants to prevent Canada and it’s citizens from doing the same. For anyone interested listen to his bull speech at the COP.
The whole global warming thing is and has always been a scam to control the less critical thinking crowd.
As I get older I realize that the size of the population that hates freedom and wants to be looked after and told what to do by the “experts”, is far too large, so we each just have to do our best.
The bigger picture is that this move to reduce the wealth and power of the western countries while propping up Russia, China, Saudi, some African dictatorships etc. will only lead to more war and strife, and a lower standard of living for many.
The C$ should be above the US$ right now if the Govt. would allow the market based build out of O&G and mineral industries.
The part I drown out is the (soon to be louder) moaning and whining from everyone who draws their sustenance from the Govt., about how they need more money to cover the inflation. Both are coming, the ’70’s all over again.
If we had a Conservative party to support, it would be yelling at everyone who voted Liberal or NDP to turn off your gas fired furnace this winter and ride your bike to work and grocery shopping once the snow starts.
People who vote to destroy supply but continue demand of critical necessities will always end up as someone else’s serf.
#33 Keith on 11.02.21 at 2:34 pm
In 2021 Lytton burned. It burned at least twice in the twentieth century and once in the nineteenth. It’s not a poster child of climate change.
—
Worth noting that the previous Lytton fires took out a couple of blocks at a time. The 2021 fire wiped out 90% of the town (that has maybe 30 blocks). Sure, the town has burned in the past, but this time was different. Regardless of cause.
For those who don’t know:
Lytton is 105 miles south-west (if you’re a crow) of Salmon Arm, BC.
Salmon Arm, for those of you who don’t know – is the little Town where Pierre Trudeau told all BC’ers to F#%#k OFF – back in the day.
For anyone who has ever lived in BC – we all know Lytton will be the hot spot 99% of the summer season – EVERY year. 44 degrees celsius is not uncommon. Of course it’s colder than your MIL in the winter.
If you ever want to take your kids/grandkids rattlesnake hunting in the summertime – it’s Lytton – oh, good fun!
On a serious note – it would be most informative to be a fly on the wall in the PM’s office when the BOC vs the BOND market vs the Finance Minister have their spirited discussions – or arguments.
I suppose Justin is going to be schooled in finance/world economics/monetary policy/ fiscal policy and mortfage payments.
Any guesses on how long Justin will last?
I say 2 years or less.
And …. every winter the former Premier of Manitoba hang out in the same town in Costa Rica where its 36 degrees every day for 5-6 months. No rain. No fires. It’s awesome.
#37 IHCTD9 on 11.02.21 at 2:42 pm
Where is that apocalypse “PREPARE!!” dude?
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Maybe calibrating his sun dial, as a couple of apocalypse events never materialized.
Science in Kanada.
1. If you all just switch to electric cars and treble the Karbon Taxes then the temperature in BC will Drop. Together we can cool down the Globe and control the weather in Lytton!! It will be ours for the taking. We will be Climate Gods.
2.Healthy people showing up to work as usual are the menace. Welcome to to the New System – everything is inverted. Thank you front line heros!!
.B.C. cancels some surgeries due to shortages caused by unvaccinated workers (beta.ctvnews.ca)
—-
—-
2019 was a magical year wasn’t it?
Uber, Lyft, Zoom , and Peloton – all IPO’d and began trading a stock exchange in mid 2019.
By Q1 2020 each would play a pivotal role in in the New System.
Uber, Lyft to this day are hired by US government – for ferrying of schoolchildren with school bus driver shortages, and people’s trips to injection sites.
Moderna gets an MRNA patent in 2019.
https://patents.google.com/patent/US10703789B2/en
What a magical fortuitious year for some.
Cop26 and energy displacement by 2030 or whenever is a complete FARCE.
For example:
U.S. renewable energy production and consumption reached record highs in 2020 about 11.59 quadrillion British thermal units (Btu) equal to 12% of total U.S. energy.
MATH TIME.
You look at this from Wikipedia and say “Oh boy, oh boy, renewables on the up and up!”:
https://en.wikipedia.org/wiki/World_energy_supply_and_consumption#/media/File:Global_Energy_Consumption.svg
After all the preliminary top of web page BS (for the ADD or 10 sec instant genius crowd), you scroll down to some actual numbers to work with and you find:
2017 World consumption = 9,717 Mtoe (1 Mtoe = 11.63 TWh)
Energy consumption by fuel in 2020 (for arguments sake, assume energy consumption did not change from 2017):
Oil (31.2%)
Coal (27.2%)
Natural Gas (24.7%)
Hydro (renewables) (6.9%)
Nuclear (4.3%)
Others (renewables) (5.7%)
Basically you set up a formula that assumes renewables +13.8%/yr to displace Oil, Coal Natural Gas which are also growing (rates in above Wikipedia chart) and use Google Sheets Solver to set the equation = 9.66453 TWh that fossil fuels provide + growth to be offset by renewables.
When do renewables = fossil fuels into the future?
20 years or 2041.
Of course the above assumes energy usage DOES NOT increase over the period and the above uses 2020 numbers and 2017 energy usage. *
—————
Above took 15 min to do. Most of the time flipping back and forth from Google Sheets and the Wikipedia page.
Trudeau said:
“Canada is now the first major oil- and gas-producing nation that is moving to cap oil and gas sector emissions and ensuring they decline at a pace and scale that is needed to achieve net-zero by 2050.”
Seems someone in Ottawa can do some Basic Math.
Their number +9 years more than mine.
* I say good look with that.
Moral of the story for all the TREE HUGGERS:
Basic Math a female dog.
Canada decreases oil production and then OPEC increases production to meet the demand and make more money for it’s members.
Last Comment typo:
set the equation = 9.66453 TWh*
* Mtoe
Apologies for not finding the link for this long–but valuable read, received by email from a colleague:
“Sobering perspective on ‘net zero by 2050’ from Vaclav Smil.
Dr. Vaclav Smil, global thought leader and the go-to guy for Bill Gates on the future of energy and resources, delivered an incendiary start to the Credit Suisse Asia-Pacific ESG conference last week.
Asked for his thoughts on how to transition energy in the middle of an energy crisis, he said this was the wrong question.
Sure, Glasgow can have its group hug at COP26 but Smil says targets and forecasts are of no use when the world is fundamentally, overwhelmingly a fossil fuel civilisation.
“Next time when you take a chicken breast, that’s one cup of diesel fuel behind it. A small steak, depending on the cut, is nine to 10 cups of diesel fuel, unless it’s an Australian grass fed steak. Most beef is finished in feed yards,” he says. Tractors, combines, trucks and ships mean transport costs more than the food itself.
The emeritus professor from Manitoba University in Canada reads around 70 books a year, outside his brief, and has so far written 45 of his own. All of his are reportedly read assiduously by Gates, who apparently waits on them like a new episode of Succession.
Smil pitched a barrage of problems to a slightly stunned investment audience.
The world gets 83 per cent of its energy from fossils. For the Middle East that number is 99 per cent, Australia 91 per cent, China 87 per cent, the US 83 per cent. Germany spent 20 years turning itself green but it is still 78 per cent fossil fuels. Since the first global climate meeting in 1992, the world has only achieved a drop from 87 to 83 per cent fossil fuels. In absolute terms, the amount of fossil fuel has increased.
“Now I am told in the next 30 years by 2050, we are going to go from 83 per cent to zero. That strains one’s imagination. We are burning more than 10 billion tonnes of fossil fuels and we are dependent, in every facet of existence.”
Smil starts with eating: nitrogen fertiliser, where the main input is gas. Without it, he says we could feed only half the world. There is no ready replacement for ammonia synthesis at scale. Then to heating, which for the northern hemisphere in particular is a human right. The threat of a winter of discontent in Europe and Britain comes just ahead of Glasgow. And lastly there’s the world’s dependence on the four pillars of civilization: steel, ammonia, cement and plastics, all of which use fossil fuels.
Smil has no argument about global warming, something he says was acknowledged in 1860. Nor has he an issue with transition, where he sees gas playing a central role. It is the pace of the transition, pushed by organisations like the International Energy Agency, that he believes to be cuckoo.
“We are in the very early stages of transition from fossil fuels to something else,” he says. “It took us 100 years to go from wood to 50 per cent coal, 100 years to go from zero oil to about 40 per cent oil. It has taken us so far about 70 years to go from zero gas to about 25 per cent gas. “These transitions are always unfolding, always at their own sweet pace. This could be accelerated, but within reason. You can’t say ‘by 2030 or by 2035’ – it doesn’t work that way.”
The reason is that with fossil fuels action needs to be taken at the same time on every front.
Yet the West can barely solve one problem at a time. The pace of transition is where Smil and Gates part company. Innovation is the DNA of the Microsoft founder, who believes new technology like hydrogen is the answer. “Bill is an American,” says Smil. “Americans are optimists. They think that they can invent their way out of some problems.”
He points to the Covid-19 vaccine breakthrough. “Putting it together was no problem but making it into billions was a problem. We have overcome that, but now 10 to 20 per cent don’t want to take the vaccines, marching through the streets and saying ‘my body, my choice’. Technical solutions don’t solve everything.”
Smil remains sceptical of progress in technology. Take the efforts being made to replace diesel container ships that underpin world supply chains.
“The Norwegians put into operation the first electric container ship just this year with 120 containers. It goes about 30 nautical miles. The biggest container ships in the world carry 24,000 containers, can go easily 13,000 nautical miles.”
And 20 years since talk began on electric cars, he says, the world has 7 million, with 1.2 billion internal combustion engines still on the road. The 2050 “net zero” target also involves massive amounts of carbon being captured underground, a challenge of scale that looks bleak.
Until all five big emitters pitch in to cut emissions – China, the US, the EU, Russia and India – Smil predicts any change will be small, perhaps a fall from 36 billion tonnes of emissions a year to 32 billion. “Neither China, India or Russia is rushing to sign on any dotted line.”
Asked what the world will look like in 2050 if it does not meet the 2050 target, Smil says simply: that depends. Perhaps France’s Macron will have convinced the EU to accept nuclear.
“We are not powerless, we are always changing – just not at the pace people would imagine it should be now. We have raised expectations too much,” Smil says. “We’ve got into this habit that anyone can forecast. No, anything beyond about six weeks, it’s not even guessing. A fairytale. Thirty years ago in 1991, there was still the USSR, and China was a minor economy. China’s economy has multiplied 14 times.
“Would someone in 1991 have forecast there would be no USSR by now and China would expand and that global warming would be the No.1 international issue? It certainly wasn’t in 1991.” The climate crisis at that time was acid rain. And the world did solve it, and moved on.”
N.D.P. PRIME MINISTER!
Who could have ever, and I mean for ever, and ever dreamed ,(even in their worst nightmare) that Canadian citizens would ever elect a N.D.P. Prime Minister??? Well, another first for Canada. Put on your sunscreen, and give a big hand for our own N.D.P. Prime Minister, drum roll please. Justin Trudeau. Amen Brother.
2022. Messy.
Taxes. Inflation. Plus a a top-down green regime.
— Garth
To be honest with you Garth, after Covid 2020/2021 the above would be a nice change of pace.
——————
Nora looks to be one happy dog. And looks smart as a whip.
#23 Don Guillermo on 11.02.21 at 2:06 pm
#2 the Jaguar on 11.02.21 at 12:56 pm
@#259 Don Guillermo on 11.02.21 at 12:03 pm
Oh for goodness sake, DonG. I forgot the obvious one (leasehold land development on FN land ) in our own backyard. Good golf course there, too.
++++++++++++++++++++++++++++++
Yes, beautiful acreage homes as well!
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Thanks for the useful information.
The other good news is that Climate Change will thaw the Perma Frost up North.
And the lucky FNs up there will be able to build golf courses and provide these high paying caddy positions to their band.
#74 Triplenet on 11.02.21 at 4:50 pm
Preach brotha! Don’t let the facts get in your way sir ‘net! 44 has only happened one other time. 1941. Here are the top 5 peak annual temperatures for Lytton (Lytton hit mid 40s several times in 2021).
2004 41.8
2006 42.1
1971 42.2
1941 44.4
2021 49.6
Oops. Like wind and fish, people like to overestimate temperature.
#39 – yes, HELOCs also go up
#45 Leichdiener on 11.02.21 at 3:11 pm
I’m not a fan of zero carbon after having worked in energy R&D for forty years. The public is being hustled. We had a wind turbine on site. Whenever I encountered the project leader in the hallway I would ask him how it was going? He would just roll his eyes.
Xxxxxxx
The wind project once touted in green commercials set atop the local university, visible from the 401 has disappeared. Funding musta run out.
Zillow in the US writes off $550M in house flipping losses and exits the flipping business:
https://www.marketwatch.com/story/zillow-to-stop-flipping-homes-for-good-as-it-stands-to-lose-more-than-550-million-will-lay-off-a-quarter-of-staff-11635885027?mod=home-page
But doesn’t housing always go uppa, uppa?
I’m soon leaving for my retirement destination in Asia, where my expenses will be 15 cents on the dollar compared to here in Canada…….none too soon!
#63 Faron on 11.02.21 at 4:28 pm
#13 Sail Away on 11.02.21 at 1:40 pm
Your point [about Lytton being green and wet]?
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I spend a lot of time near Lytton/Cache Creek/Ashcroft. This has been the dampest fall in quite some time. Anomaly in the spring, opposite anomaly in the fall. Fluctuation.
For Trudeau to claim on the world stage that Lytton burned due to climate change is crapola. If a town is built within a known fire ecosystem, fire will occur. It’s, like, to be expected homie.
‘Transitory Inflation’ RIP.
No longer towing the central bank line.
#77 Dolce
Above took 15 min to do. Most of the time flipping back and forth from Google Sheets and the Wikipedia page.
Trudeau said:
“Canada is now the first major oil- and gas-producing nation that is moving to cap oil and gas sector emissions and ensuring they decline at a pace and scale that is needed to achieve net-zero by 2050.”
Seems someone in Ottawa can do some Basic Math.
Their number +9 years more than mine.
* I say good look with that.
Moral of the story for all the TREE HUGGERS:
Basic Math a female dog.
————
1. Would not touch Wikipedia data with a 10 yard pole.
2. Talking about TREE HUGGER.
Good news, Dolce, your PAPA is coming to Kanada.
No date yet, but most observers say it’s gonna be next spring.
He is a self-confessed tree hugger and he’s got 1.3 billion followers.
Rumor has it, he will bring a solar powered Pope Mobile.
I’m sure Trudeau is salivating. What an endorsement that would be for him.
But the Pope’s main reason for the visit is to address the Catholic School mess.
Another stage to shine for JT.
I think he’s gonna shine in the Power and the Glory.
And then call another election.
Just to spite CEF.
Trudeau thinks money comes from unicorns and rainbows to pay for all the “lost productivity”, “green initiatives” and getting goods to market.
And we have a central Canada electorate who keeps “Teflon Trudeau” in power.
How poor do we need to get as a nation before we realise we’ve been hoodwinked by T2 and the loony ideologues whispering into his ear?
I didn’t vote for him.
As rates rise let’s hope for a slow trickle of mortgage defaults rather than a deluge. If it becomes a deluge the media will make hay with it – just imagine the CBC stories about families losing their $1.4 million homes due to rising rates, a travesty especially since their real estate agents told them rates could never rise! The Libs will have no reservations about spending another couple hundred billion to bail out the over mortgaged. After all, under MMT once you hit 1 trillion in debt what’s another couple hundred billion.
“The consequences were devastating, leading to a 32% plunge in prices nationally. Some areas saw a 70% plop.”
Wait a minute, isn’t it Florida and Arizona 2 snowbird sunny destinations with Canadian real estate addicts flipping houses to each other?
I think that to say Lytton has 30 blocks is quite optimistic.
It’s a small, small town to say the least.
This is my second post in 3 years although I follow your blog quite regularly. In my opiion you will always bleed Tory Blue even though you had a cup of coffee with us Liberals went you got booted by Harpo. Sorry but we live in the the greatest country in the world and the negativity in the press and elsewhere makes me sad
#88 macduff on 11.02.21 at 5:26 pm
I’m soon leaving for my retirement destination in Asia, where my expenses will be 15 cents on the dollar compared to here in Canada…….none too soon.
++++++++++++++++
Congrats. Let us know where u end up and what is the cost of living etc. The island of Cebu was my home base for many years, I plan to return when travel/restrictions get back to somewhat normal.
we can expert ‘climate emergency’ to be overworked words, and come with financial penalties.
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in other words…..more tax revenue coming from the west.
I’m watching the Governor election in Virginia.
(not on Netflix, DG)
The outcome could give a glimpse on the 22 midterm elections, and possible the Presidential Election in 24.
I got the feeling that Biden’s pro Climate Chance stance is winning him more foes than friends, and could cause a shift back to the right.
It’s becoming more and more evident that the USA needs a viable third party to bridge the ever growing gap between left and right.
Remember what else happened with those teaser loans in the states and liar’s loans? People bought multiple properties and told everyone how rich they were getting. Waitresses and hairdressers were on local news bragging about how many houses they had bought. That skinny little guy was on late night infomercials telling you he could teach you had to buy more houses with credit cards or other people’s money( Are you excited?) and so was that Asian guy on the yacht with all the bikini clad young women hanging on him. They both ended up in jail. The waitresses and hairdressers and many more went bankrupt and lost everything. Reminds me are they still pushing those “seminars” here, you know the ones and the people who front them? There is a blood bath coming.
There will be a rush to buy next spring with lower pre-approved rates before they expire. Or just to get ahead of future hikes. I think that will be the top.
#69 Diamond Dog on 11.02.21 at 4:43 pm
#80 Barb on 11.02.21 at 5:12 pm
__________________________
Nice! Thank you both.
@#74 Triplenet on 11.02.21 at 4:50 pm AND
#80 Barb on 11.02.21 at 5:12 pm
Thanks to both of you. Great posts.
@98 Yukon Elvis
Cebu in January for 6 months, can’t wait to go back too.
#1 OriginalAlex on 11.02.21 at 12:54 pm
“Reminder: all critics of Climate Emergency measures need to be accompanied by suggested measures that should be implemented instead.”
No, it need not be. That’s like saying anyone who doesn’t believe in unicorns is therefore a Roughrider’s fan. An unnecessary or bad idea does not have to be replaced by another unnecessary or bad idea by default. Sometimes you can go with no idea.
If there is a climate “emergency”, Canada isn’t causing it and Canada can’t fix it by ourselves.
Assuming that there is a climate “emergency”, it works a little like a fire ban. It doesn’t matter if you have a safe fire or no fire yourself, unless everyone is onboard the forest is going to burn anyway.
And ultimately consumers are responsible for what’s going on, not producers. Having Biden at the G26 talking about climate change while at the very same time asking OPEC and Russia to increase production to keep energy prices low isn’t going to help. Is it only locally produced energy that causes CO2 emissions? Where does Saudi Arabia get the CO2 free oil? Do they have a secret process that we can adopt?
Change starts at home. That means for most of you it does not start in Alberta, but instead in your own driveway and mechanical room. So here is my climate “emergency” mitigation plan: You stop using energy.
Glad I’ve been a regular follower here since about 2010 Garth. Just locked in at 2.25 a few weeks ago when even my banker was renewing his mortgage and was doing the math and thinking about going variable. Told him I was locking in at 2.25. My best decision ever thanks to you Garth!
#40 OriginalAlex on 11.02.21 at 2:58 pm
@ 18 Philco
So we can’t do anything until China and India do anything? Yeah, that’s not solving the issue at all. Have to start somewhere. Here and now sound about as good as we can do.
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If we contribute 2-3% of worlds carbon emissions, what good will that do. “ Pissing in the wind”. Go after China and India first..
The threats posed by the elites attempts to fight climate change are infinitely more dangerous than climate change itself, to paraphrase Marc Schellenberg a former Greenpeace activist.
Name one place where green energy transitions has helped the average person. Hint: There are none. Like Marxism, green energy has been a failure every where it’s been tried. And like Marxism, once the Green Energy Transition catches hold, the death toll will be staggering.
If you wear Gore-tex and support green energy you’re a living example of cognitive dissonance.
#89 Sail Away on 11.02.21 at 5:27 pm
So, you are saying that inter-annual and intra-annual variability makes detection of climate change difficult when looking at monthly to decadal timescales? That record setting cold or wet that is contrary to projected climate expectation can occur? That is correct.
However, your view sounds overly simplistic or reductionist. I don’t think anyone was expecting that the outcome of the dry spring followed by hot summer and fire would be permanent death of the landscape.
Yes, fire is a part of almost all ecosystems. What isn’t a normal part of ecosystem function is the rapid change of habitat suitability of various herbaceous and animal species. Oregon and Washington came within a hair’s breadth of a mass Douglas fir die off. I was down that way the week after the heat wave and saw vast swaths of trees there are visibly scorched.
https://blogs.oregonstate.edu/treetopics/2021/07/15/yes-the-june-heat-wave-has-hurt-trees/
FLIR sensors measured needle temperatures hot enough (high 50s C) to vapourize the waxy substances that protect the trees in typical heat events. Doug Fir is a very tough tree found in a habitat range extending from the Rocky Mountain front ranges in Alberta all the way down to a touch north of Santa Barbara, California and well eastward. Killing those trees is hard and this heat almost did.
Has this happened before? Likely not since glacial times when global temperature variability was high and, by some proxies, very rapid. In those instances, lake sediment cores document abrupt cessations of pollen deposition among suites of plant species to be replaced by others. Perhaps one could argue that the pine-bark beetle was similar, but I don’t think that’s true. Lodgepole pine remained a viable species after the wave of die offs. Most importantly, nothing like this has happened in recent human history — the important part in which much of the interlinking that we rely upon today was established. Stories coming out of the Ag sector were pretty grim. Fruit trees responded to the heat in unexpected ways. Unknown effects regarding tree health and next year’s crop. etc.
So, yeah, you can paint a bucolic picture of the areas you’ve spent a little time in. Little in that it spans, what, a decade or two of variability? But, you can’t extrapolate that to mean that everything is hunky dory. It’s not. Next time you are out in that neck of the woods, ask an old timer how things have changed. Many will tell you that the winters aren’t nearly as cold or snowy as they were. That springs start a little earlier. Maybe even that the fall is a little wetter. Maybe in SE BC that springs are a little cooler and wetter. You, personally, won’t even notice a change in floral assemblage, but that doesn’t mean it’s not meaningful.
Yes, there is variability, but that doesn’t form an excuse for ignoring the very real impacts climate change is having on landscapes and people.
#84 Faron
42,43,44 – who cares!!
Our cattle ranch has 12 weather stations.
Some are close to the fish. Some are up nearer the winds.
Climatic patterns vary at every elevation or latt/long. Ask a vineyard mgr.
Perhaps you’re a not a climatologist, scientist or ag mgr.
Wicki should never be a source of actionable information.
You should go for a rattlesnake walk.
They’re waiting….
Saw many comments here about electric vehicles ,being the saving grace. I considered an electric vehicle about 5 years ago. However, Canada is not ready for them. When I checked then , mileage maximum was 200 km before the need to recharge. 50% reduction in winter. For Canada? Lol. 200 km barely takes you from one city to another. Consider the lineups for recharging at halfway points. Our residential electrical grids are not ready for them . Think about all power outages we will be having if everyone is charging at home. We all will need gas generators set up to deal with these outages.lol.
#110 Triplenet on 11.02.21 at 6:59 pm
#84 Faron
Our cattle ranch has 12 weather stations.
Lemme guess — passively ventilated Davis stations?
#106 Nonplused on 11.02.21 at 6:40 pm
And ultimately consumers are responsible for what’s going on, not producers. Having Biden at the G26 talking about climate change while at the very same time asking OPEC and Russia to increase production to keep energy prices low isn’t going to help. Is it only locally produced energy that causes CO2 emissions? Where does Saudi Arabia get the CO2 free oil? Do they have a secret process that we can adopt?
—————————————————————-
Agreed.
Similarly, a portion emissions from manufactured goods should also go towards the emissions of importing countries. It’s hypocritical to condemn another country’s emissions when you’re the one importing the goods that produced those emissions.
Bailing out homeowners will never work. It did nor work in US, Ireland, UK, Europe etc. It was a huge failure. Mortgage modification programs suck!
#111 Triplenet on 11.02.21 at 6:59 pm
#84 Faron
42,43,44 – who cares!!
Face-palm! Maybe you should ask Stefan Boltzmann?
With regards to Lytton, my non-expert climate change opinion is that it’s reasonable to say that climate change was a contributing factor to the fire, but to squarely put the blame on it is going to far. As others have noted, it’s not the first fire the town has had.
#110 Faron on 11.02.21 at 6:57 pm
Next time you are out in that neck of the woods, ask an old timer how things have changed. Many will tell you that the winters aren’t nearly as cold or snowy as they were.
———
An old native guy said he expects this will be a particularly cold winter because he’s seeing lots of white guys in the hills cutting more firewood than usual.
#103 Wrk.dover on 11.02.21 at 6:31 pm
#80 Barb on 11.02.21 at 5:12 pm
#104 the Jaguar on 11.02.21 at 6:31 pm
#80 Barb on 11.02.21 at 5:12 pm
—
Last one for the day Garth. Sorry for the avalanche, but maybe not unexpected given the partial climate change theme to your post today.
Vaclav is correct in pointing out how hard the task is. But, it is frustrating that, as he points out, we’ve known this was going to be a problem for more than 100 years and have dithered. And now it seems that some of you are using the seeming impossibility of what is now ahead of us as reason to throw your hands up. The approach is to ignore until it seems impossible and then say it’s impossible as yet another excuse for inaction and further ignoring.
Despite that, the facts remain that it’s still a tractable problem. Perhaps Vaclav’s point that resistance akin to vaxx resistance is most relevant. But, from a technical and fiscal standpoint, it’s doable. There are large groups of smart people who have analysed what it would take in a clear-eyed way. Very hard. Very messy. But very possible.
https://www.princeton.edu/news/2020/12/15/big-affordable-effort-needed-america-reach-net-zero-emissions-2050-princeton-study
https://iea.blob.core.windows.net/assets/deebef5d-0c34-4539-9d0c-10b13d840027/NetZeroby2050-ARoadmapfortheGlobalEnergySector_CORR.pdf
Why are there a handful of lefties posting 10 or more items every day? I’m getting carpal tunnel scrolling past them.
How about 1 post per day per user other than TurnerNation?
#108 Annek on 11.02.21 at 6:49 pm
#40 OriginalAlex on 11.02.21 at 2:58 pm
@ 18 Philco
So we can’t do anything until China and India do anything? Yeah, that’s not solving the issue at all. Have to start somewhere. Here and now sound about as good as we can do.
—————————-
If we contribute 2-3% of worlds carbon emissions, what good will that do. “ Pissing in the wind”. Go after China and India first..
——————
Sure.
First we outsource most of our heavy polluting industries to China and then they send us their crap via heavy polluting boats.
And then we blame them for polluting.
Try to connect the dots.
Not that hard, if you try.
#105 macduff on 11.02.21 at 6:39 pm
@98 Yukon Elvis
Cebu in January for 6 months, can’t wait to go back too.
++++++++++++++++++
Awesome. Might see u there. Kept an apartment in Banilad for several years, let it go when the city got crowded after the Bohol quake, typhoon Haiyan, and the siege of Marawi. I stay in a hotel in Cebu city now near Ayala Centre, i negotiated a monthly rate of 30% off when I am in the city between visits to Luzon, Bohol, Negros, Mindanao, etc. Pool,gym,rooftop restaurant cable ,wifi,24hour security, free shuttle to Ayala Centre to start my day for pancakes and bacon breakfast. After a workout and swim of course. Maybe see u at Bo’s Coffee on the terraces. Lots of good restaurants there.
How to best prepare? Sell all physical assets and leave the country.
Hey, have you guys noticed?
Pretty much everything they said was a conspiracy theory and what you would get banned for on social media for is turning out to be the truth.
As far as I’m concerned, now that the lab leak story is nearly proven all that’s really left is…”it’s not a flu”.
Well, that an the fact that they did all this just to prop up the faltering western capitalist economies with $20T of money from heaven.
#118 Sail Away on 11.02.21 at 7:23 pm
#110 Faron on 11.02.21 at 6:57 pm
Next time you are out in that neck of the woods, ask an old timer how things have changed. Many will tell you that the winters aren’t nearly as cold or snowy as they were.
———
An old native guy said he expects this will be a particularly cold winter because he’s seeing lots of white guys in the hills cutting more firewood than usual.
—
LOL. Well done.
#108 Annek on 11.02.21 at 6:49 pm
#40 OriginalAlex on 11.02.21 at 2:58 pm
@ 18 Philco
So we can’t do anything until China and India do anything? Yeah, that’s not solving the issue at all. Have to start somewhere. Here and now sound about as good as we can do.
—————————-
If we contribute 2-3% of worlds carbon emissions, what good will that do. “ Pissing in the wind”. Go after China and India first..
—— —
Yep, but at the same time; China and India have good beefs for not going along with the climate change stuff – and they’re not. So Glasgow is a waste of time if results are what they’re after. If all they want is to feel good, a bottle of white rum is a lot cheaper, and more effective.
I got a feeling the plan is to steer consumers via taxes, but it’s just too easy to side step that effort. Trudeau said that Canada will have 100% zero emissions new vehicles only by 2035. Uh, yeah. Not happening. Maybe he got word that they’ve figured out nuclear fusion and no one else knows. Dunno, but 100% all zero emissions vehicles on the new car lot by 2035? Any Lib voters here want to bet their life savings on that one?
“As he told BNN (which you should never watch):”
Are they still broadcasting from their Garage?
#97 bobby 17 on 11.02.21 at 6:24 pm
Yes we do live in the greatest country in the world and the flag is at half mast. Mourning the worst Liberal government Canada has ever seen.
I think the supply chain is going to be more of a problem than we now realize. I am not underestimating it. I will give two examples. Some builders can not get roof trusses, the wait time is months, that makes doing all the pre work ,a gamble, and might just take the whole house building process down. I have heard there is a certain part from an apartment building’s hot water heating system, that is not available for months, and we might hear of apartment people not having hot water heat, or supply, in the dead of winter.
Forget the oil. They’re coming after your stake.
https://www.cbc.ca/news/methane-reduction-canada-1.6228361
Our prime minister is showing leadership with his global
pollution tax not universally popular but a step in the right direction.
#118 Sail Away on 11.02.21 at 7:23 pm
#110 Faron on 11.02.21 at 6:57 pm
Next time you are out in that neck of the woods, ask an old timer how things have changed. Many will tell you that the winters aren’t nearly as cold or snowy as they were.
———
An old native guy said he expects this will be a particularly cold winter because he’s seeing lots of white guys in the hills cutting more firewood than usual.
————
Chief Dan George?
He still alive?
Always the token wise old Indian on the Hollywood Westerns.
Was great in “Little big Man” opposite of Dustin Hoffmann.
Loved the scene, where he said “Today is a great Day to die”, and then walks up the hill and disappears.
In our business the lead time for some semiconductor chips is now over 52 weeks. Not great.
It’s easy to run a country or Province to throw money at every problem by borrowing someone else’s money.
Eventually you have to raise taxes to pay for the profligate spending. Energy taxes are the most fun.
Kathleen Wynn partied it up by jacking electricity prices with her ill fated solar and wind overpriced shenanigans and the whole thing was a big joke.
Unfortunately energy got so expensive that some older ladies decided not to turn the heat on up north in the dead of winter. Dead being the operative word.
When the bond vigilantes take over as a result of irresponsible stewardship you will pay a price.
The private debt time bomb is about to explode and there will be repercussions.
The current federal leadership group couldn’t care less.
I don’t know perhaps my drinking ways think abjectly instead of pure fantasy.
First and foremost unless one gets the Saudis’, Russians, Chinese, Indians, middle eastern countries and Asian counties on board then what the hell is the purpose of punishing the second largest and coldest country in the world with Carbon Tax??
Do things need to change?? You bet!! But punishing 38 million people ( who are in actually carbon neutral) due to our great vast forest and all the brilliant technologies that have come forward to reduce carbon emission. Look it up , it quite impressive.
I am off, I am taking my first vacation in 7 yrs, sacrificed alot to get here, could care less on how much of a miniscule amount of carbon that I am supposedly spewing and NO I am not flying or taking a germ infected cruise.. It will be 1/100 of what T2 has spewed in the past month alone!!!!
#51 Spoken like a true victim.
#106 Nonplused on 11.02.21 at 6:40 pm
“Sometimes you can go with no idea.” That about sums up your approach to life, doesn’t it? :)
“And ultimately consumers are responsible for what’s going on, not producers.” Well, I suppose that would explain why the carbon tax is levied on consumption.
“So here is my climate ‘emergency’ mitigation plan: You stop using energy.” Our household reduces energy consumption by using a heat pump, and we use solar panels to meet roughly half (48%) our household energy needs. It’s too bad that an engineer like yourself wasn’t taught such a basic physics concept as photovoltaics.
https://en.m.wikipedia.org/wiki/Photovoltaics
And since you appear to be doing nothing whatsoever to mitigate your carbon footprint, your carbon taxes must be at least twice what I’m paying. But then again I got a dollar-per-watt rebate up front when I purchased my solar panels—courtesy of your carbon taxes. My payback on the solar panels is 10 years, but they’re guaranteed for 25, so roughly half my household energy consumption will be free for at least 15 years. Do the math.
I now reluctantly await your idiotic rebuttal. :)
#135 Devil in da skies on 11.01.21 at 5:44 pm
#47 TurnerNation on 11.01.21 at 2:03 pm
This is why I call in Kanada. A fast decent into Kommunism.
________________________________________
You again. I thought I asked you to leave this blog impolitely several times already. Take your backwards Engrich and get yourself a descent spellchecker!
—————————————————————————–
#159 Trojan House on 11.01.21 at 7:33 pm
#134 Devil in da skies on 11.01.21 at 5:44 pm
I believe it may be you that needs a decent (not ‘descent’ as you put it) spellchecker.
If you don’t like TN’s posts, or any others’ posts, feel free to not read the comments section.
______________________________________________________________
In the rare instance that @Trojan House reads this post, I would ask that you re-reread my comments before posting again. You have successfully removed any doubt that you are an idiot. If I have to explain … then it’s just not worth it!
#131 cuke and tomatoes
PLEASE PLEASE WAKE UP BROTHER – smell the salts and WAKE UP LOL – you drank some kool-aid years ago and lost the path sir
DOUG T HOW DO YOU KNOW I AM A SIR …MORE LIKE
YES SIR.
#69 Diamond Dog and #80 Barb
My partner was a senior electrical and power engineer, but he packed it in, a couple of years ago. What you both say and present is very true according to him, been listening to it for years, what ever that means
He is in agreement there is no magic power bullet and yes California is where the best minds want to be and in many cases end up there. So many friends and colleagues have gone there. So where does Canada go from here, that is the big question. Nuclear may be the answer, who knows.
I’m happy I no longer have the urge to participate in the ‘debates’ at this pathetic blog.
#1 OriginalAlex on 11.02.21 at 12:54 pm
Reminder: all critics of Climate Emergency measures need to be accompanied by suggested measures that should be implemented instead
===
Here are some:
1. Stop inviting high-profile guests to the climate summits, if those guests take private jets to get there. If they are too full of themselves to take a commercial flight, or even if they have legitimate concerns about security – Zoom is their friend. Their personal presence is not required.
2. Rename the whole project from “climate emergency” to something meaningful, such as “Climate Risk Mitigation”.
Humans are hard-wired to operate in two modes. One is emergency mode, when extraordinary efforts are required. That can last for hours, days, maybe a few weeks, but not for years. The other is routine mode, when most of people try to balance their efforts with the results they achieve.
If you put sticker “emergency” on a project that will go on for years and decades, you simply devalue the term. People will think that “climate” stuff is a must for lip service, but no actual steps are required.
3. In terms of the detailed steps: some of the government actions are actually good.
Carbon tax is a good idea, it gives less-polluting technologies a market edge. Furthermore, the collected funds should be used to subsidize less polluting industrial processes, rather than just being passed back to the taxpayers.
In many other cases, the governments and especially the activists need to evaluate the real outcome of their actions, rather than going for what’s more convenient for them. Villyfying the oil companies is convenient. Those companies employ a small number of workers and managers, there won’t be much of public pushback, and the activists can feel that they are important. But what if all the oil companies worldwide yielded to their demands and folded overnight? Those city-dwelling activists, used to a comfortable life, would be first to scream and squeak once their homes start freezing in winter.
On the other hand, curbing the city zoning bylaws and allowing more multi-storey construction would really help. Multi-storeys have much lower heating needs per person. And, no steps against the free market would be needed; on the contrary, this would reopen the free market currently curbed by municipal governments. But, the governments and the activists are wary of the pushback from neighbours not wishing to see the lot next door sold for a highrise. And they skip the opportunity.
ponzies perplexing prattle vs ponzies pedometer
10 posts today or a 10km daily walk.
Apparently.
Retired accountants have far too much time on their hands.
Windy in Victoria tonight.
To #69 Diamond Dog and #80 Barb awesome post. Did not see my initial response being posted not sure what happened, just want you to know appreciate your input very much. Thank you
IHCTD9
Ahhhhhh I cant keep up….
“Trudeau said that Canada will have 100% zero emissions new vehicles only by 2035”
Holly shit I could go on about this scam.
I’ve got 50 stumps to burn starting tomorrow.
My neighbor burning his now. He the concrete supplier of our city. I gotta get my ass in gear and get my property developed. The regional district and T2 SFB shuts everything down.
We have a housing shortage a storage shortage here.
Money is pounding on my door and Im going building.
OMG shits nuts. WE HAVE SERVICES real people need.
IHCTD9 I fixed the 580SM super today and the 160 is here. Were going to mash’er up and burn a shit ton of diesel. the 270 burns 45L Hr call T2 BOO HOO.
Sorry but most people have no F%#%$ idea how things work.
My cousin builds road for forestry so we can get wood to turn into lumber. This ain’t Alberta and we don’t grow barley. You need barges, rock drilling Eq $400k per steel bridges, 10 Mill in equipment to do so.
#131 cuke and tomato picker on 11.02.21 at 8:31 pm
Your a nut job. EOS
Doug t you me and IHCTD9 will get along like a house on fire.
@61 Barb;
Transport Canada refuted the “evidence” that a train caused the fire.
Do you believe Transport Canada, or Social Media?
I know, tough choice, but for me, I’ll believe Transport Canada rather than some anonymous joker with a Tiktok account. I’ve personally seen and helped with Transport Canada’s infrastructure.
These people care deeply about what they do, not what the politician of the day thinks. Maybe their days are numbered, but, for now, non-political work is being accomplished by them.
FYI – Transport Canada’s report: https://www.tsb.gc.ca/eng/enquetes-investigations/rail/2021/r21v0143/r21v0143.html
Lytton has now burned down a total of four times since its founding about 150 years ago.
Forecast. Wednesday, Nov. 3rd, 2021. Calgary.
A mix of sun and cloud. Clearing near noon. Wind becoming west 20 km/h gusting to 40 near noon. High 15. UV index 2 or low.
Pretty good for this time of year. Time to cut loose from all this flotsam jetsam. There are other places.
Best wishes to you Garth, on your efforts to beat back the ‘Brutes’ on November 11th.
Sometimes it just takes one person. A great throw. Against all odds.
https://www.youtube.com/watch?v=hN9lYhAE1XI
The Lynton disaster was tragic no doubt, and shocking temperature stats… almost unreal…but the record high temp before the Lynton debacle was July 5 1937, Nineteen Thirty Seven…the fact that this is not mentioned by this blog or others is the problem today,… simple facts are ignored… 1937…just the PLANET not CO2 sad fact referencing our sad state of affairs… really sad for the Millenials..
Inflation – propane for my farm up over 20% from last year.
#80 Barb on 11.02.21 at 5:12 pm
“Sobering perspective on ‘net zero by 2050’ from Vaclav Smil.
——————–
This is gold, pure gold. And it’s not like you need special education to understand these numbers. Here is another one, one the same theme:
https://www.linkedin.com/pulse/cubic-mile-oil-42-cu-km-confronting-confusion-conflation-richard-fink/
In short, we should be building like a new hydro dam in every province. Like *right now*, going into operation in 2022. Plus getting new nuclear reactors up and running in ON, QC and AB, also *right now*, in addition to massive solar roof installation countrywide. Yeah, not gonna happen.
Climate summits are not for finding solutions, they are for looking good and sounding good. Remember that now.
#137 Gravy Train on 11.02.21 at 9:15 pm
. But then again I got a dollar-per-watt rebate up front when I purchased my solar panels—courtesy of your carbon taxes. My payback on the solar panels is 10 years, but they’re guaranteed for 25, so roughly half my household energy consumption will be free for at least 15 years. Do the math.
____________________________
Here in dark NS where I live, payback is more like twelve years.
I make 1/2 megawatt/year/panel.
Nonplussed will tell us how many mega watts it takes to produce a panel.
And then he will tell us the power producers keep producing power all day long when the sun shines as backup, because like him, they can’t figure out what is happening either!
NS Power knows what is going on. They make profit!
When Rates Fall, Real Estate rise in price, when Rates Rise-Real Estate Fall in price, do the math and be smart, stay where you are in your comfort zone. The winds ahead will be strong and keep getting stronger my friends, its one example of, Risk nothing and loose nothing syndrome.
Our fake socks puppet PM got it all wrong (big surprise).
It’s not the budget that will fix itself, it’s the climate that will fix itself.
Financial and economic problems need sound policy, strategies and manipulation in order to be resolved.
Climate issues are beyond human control. Nature takes care of itself. Cleansing and rebirth occurs without human intervention.
What we are experiencing world wide is an economic and financial emergency, not a climate emergency.
Carbon taxes will not fix the climate, nor will they make the lives of a single human being any better.
The hysteria about a “climate emergency” is a distraction. It’s a decoy to take your attention away from the reality of the urgency of the real problems currently affecting people’s lives around the world, which are primarily economic.
https://www.dosomething.org/us/facts/11-facts-about-global-poverty
Here’s a tiny napkin to help contain some of the 2022 mess:
https://www.theglobeandmail.com/business/article-banking-regulator-expected-to-lift-pandemic-restrictions-on-dividend/
#151 Under the Radar
Inflation – propane for my farm up over 20% from last year.
————————————————————————————
You should ask Crowdedelevatorfartz to pay you a visit.
Maybe he could CUT you a deal.
Keep you nice and toasty this winter.
#137 Gravy Train on 11.02.21 at 9:15 pm
“So here is my climate ‘emergency’ mitigation plan: You stop using energy.” Our household reduces energy consumption by using a heat pump, and we use solar panels to meet roughly half (48%) our household energy needs. It’s too bad that an engineer like yourself wasn’t taught such a basic physics concept as photovoltaics.
_____
I know you like your solar panels Gravy, but you should be more honest. You always forget to mention that your array is grid-tied. This is what makes it workable.
If you were off grid – you’d have an utterly feeble demand loading cap, and a major long term storage question. Your array would have to be 3-4X the size you have now, and you’d have to invest bigly in batteries and a fancy inverter. And still – you’d be selling the dryer and buying a clothesline.
Nothing wrong with grid-tie, in fact it’s the only way to do solar (via a net-metering arrangement), and it’s the way I’d go if I went solar. But you can’t talk about how great solar is without mentioning that it is backstopped, and made convenient and affordable by the conventional grid. Without the grid tie/net metering there’s like a 99.9% chance you’d not own a solar array right now.
#146 Philco on 11.02.21 at 10:38 pm
IHCTD9
Ahhhhhh I cant keep up….
“Trudeau said that Canada will have 100% zero emissions new vehicles only by 2035”
Holly shit I could go on about this scam.
____
The whole Glasgow thing is a joke. You can sum up Trudeau’s entire monologue like this: “if you want something to go away, just tax it.”
So in 2035/50 we can look at all the comments here that are saying nothing pollution wise will change except the cost of everything will be much higher – and see we were all correct.
It’s win-win for the government. If C02 emissions go down, Trudeau’s the hero, if they stay the same or go up – Billions in new tax revenues rolls on in. Can’t lose.
Doug Ford just sold out his Con business owner base with the minimum wage stuff yesterday. Right wing radio is up in flames about him this morning.
Watch for Max Bernier types to challenge this in Ontario.
Massive Liberal Majority coming now – for Ontario.
#131 cuke and tomato picker on 11.02.21 at 8:31 pm
Our prime minister is showing leadership with his global
pollution tax not universally popular but a step in the right direction.
____
Sure. So long as no one is measuring the results. As Trudeau himself said, “Pollution knows no borders”. Canada could stop emitting C02 100%, and our PPM would remain the same. Pile driving poor folks into the tarmac for zero improvements seems like a step in the wrong direction.
#158 IHCTD9 on 11.03.21 at 8:54 am
“I know you like your solar panels, Gravy, but you should be more honest.” Explain my dishonesty. My power company and I have entered into a net-metering arrangement, and your politics and ideology have no bearing on it.
“You always forget to mention that your array is grid-tied. This is what makes it workable.” So what!? How is that in any way whatsoever relevant to anyone’s decision to invest in solar panels?
“If you were off grid – you’d have an utterly feeble demand loading cap, and a major long term storage question. Your array would have to be 3-4X the size you have now, and you’d have to invest bigly in batteries and a fancy inverter. And still – you’d be selling the dryer and buying a clothesline.” Completely irrelevant argument. My power company installed the bidirectional meter on my house, and agreed to the net-metering arrangement.
“Nothing wrong with grid-tie; in fact, it’s the only way to do solar (via a net-metering arrangement), and it’s the way I’d go if I went solar.” And why haven’t you? And if there’s ‘nothing wrong with grid-tie,’ why do you always bring it up?
“But you can’t talk about how great solar is without mentioning that it is backstopped, and made convenient and affordable by the conventional grid. Without the grid tie/net metering there’s like a 99.9% chance you’d not own a solar array right now.” Completely irrelevant argument. I cut both my carbon emissions and household energy costs in half. What exactly are you doing, if anything? Or do you not care about your progeny?
I’ve noticed more and more events in Canada that will lead to the middle class shrinking. Obviously Trudeau’s spending binges will be shouldered not by the rich, or the poor, but vastly by the middle class. Has to be.
Now we look at Trudeau promising to tax the very foundation of modern civilization into the stone age. Guess who’s going to foot that bill? Rich folks will just buy a brand new TESLA S, poor folks take the bus. Yep, it’s the middle class again.
I just found out through the certification process of my “new” truck, that flaky rust and rust holes are no longer permitted in Ontario. At least if you hope to pass a safety check. So who’s buying all these used vehicles? Inner/outer rockers and cab corners on an extended cab truck with paint from a good shop will run $3.5-4K. Most higher mileage vehicles driven through the salt in southern Ontario are rusted up already before they hit 10 years old. Most trucks on Kijiji right now under 15 grand are probably totally uncertifiable without thousands in body work. Better make sure whatever you’re buying is 5 years old or less – or has been oiled every year. The price – she a go uppa…
#158 IHCTD9 on 11.03.21 at 8:54 am
Nothing wrong with grid-tie, in fact it’s the only way to do solar (via a net-metering arrangement), and it’s the way I’d go if I went solar.
But you can’t talk about how great solar is without mentioning that it is backstopped, and made convenient and affordable by the conventional grid. Without the grid tie/net metering there’s like a 99.9% chance you’d not own a solar array right now.
____________________________
What is the point of what you said after the first sentence, anyhow?
It has nothing to do with anything.
I have a friend with surplus submarine batteries which are replaced by DND every eight years. Sold by the pound. His inverter is from a scallop dragger. That is at one of his remote cottages, while his home is grid tied.
Again, what has that got to do with anything?
“If you were off grid – you’d have an utterly feeble demand loading cap, and a major long term storage question. Your array would have to be 3-4X the size you have now
________________________________
In the winter, I produce 60% of consumption, so no, I don’t need 300-400% more panels to go off grid.
And what is this electric clothes dryer talk. What is that?
City folk ways big boy?
Trudeau has accomplished something. Out of 60 North American jurisdictions Trudeauland holds the top 16 spots for the highest taxes and least competitive. He’s a winner.
https://torontosun.com/opinion/columnists/opinion-canadas-high-income-taxes-are-making-us-less-competitive
We know that the supporters of Trudeau are predominately new Canadians on government support and pay no taxes, contribute nothing and couldn’t find Canada on a map even though they were flown in first class.
Be proud Canada. Be really really proud of those 57 seats in the GTA contributing nothing but cost everything. You did it.
#121 Ponzius Pilatus on 11.02.21 at 7:37 pm
#108 Annek on 11.02.21 at 6:49 pm
#40 OriginalAlex on 11.02.21 at 2:58 pm
@ 18 Philco
So we can’t do anything until China and India do anything? Yeah, that’s not solving the issue at all. Have to start somewhere. Here and now sound about as good as we can do.
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If we contribute 2-3% of worlds carbon emissions, what good will that do. “ Pissing in the wind”. Go after China and India first..
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Sure.
First we outsource most of our heavy polluting industries to China and then they send us their crap via heavy polluting boats.
And then we blame them for polluting.
Try to connect the dots.
Not that hard, if you try.
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Did that 30 years ago.
I avoid Chinas crap like the plague.
Unfortunatly to much crap is made there now and hard to avoid. We have given them our power.
Eviromental regs and wages did that.
Now you can afford your low quality coffee maker going to the landfill in 5y
We are going to see a global depression. Energy prices, interest rates and inflation are going to destroy the middle class and force wages up. Central banks will panic and dramatically raise rates without warning. Sometime in 2022 we will see a 80% drop in the stock market, Bitcoin fall to zero and housing prices cut in half. Wealth will be distributed from West to East. The economy of Japan will apply to the rest of the G7 over several decades. All of this happens within six months despite efforts of central banks and government. The end game might be the Great Reset
#162 Gravy Train on 11.03.21 at 10:19 am
My beef is your long-standing tendency to talk about the benefits of your solar array while allowing the reader to assume it is a stand alone system.
@solar panels
Some work better than other. Interesting video, 30 min long but fun starts at min-10, and wach from there for a min or two what takes 20% of his solar panel array outputs.
https://www.youtube.com/watch?v=AbxHoQF4ADk&t=618s
#159 IHCTD9 on 11.03.21 at 9:35 am
It’s win-win for the government. If C02 emissions go down, Trudeau’s the hero, if they stay the same or go up – Billions in new tax revenues rolls on in. Can’t lose.
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My thought exactly.
You know how so many point out that without Russia, China, India this global climate ship is not gonna sail? Of course it’s not. The guys at the summit know it too. But the price of climate emergency inaction is – lost elections! If the progressive voting majority demands it – it shall be done. But what can you do? Declare war on China and make em’ stop using coal? Let’s get real here. So they do what *can* be done, which is not even remotely the same as what *needs* to be done (assuming you wholeheartedly believe that there is a climate emergency). So they come up with new taxes, green initiatives etc that only target the countries that a) care and importantly b)have elections.
Since China, Russia, Saudi Arabia do not have election and India has a lot of very poor people the net effect is that places like Russia laugh all the way to the bank as they enjoy record natural gas prices (this is today). Well done greenies. Saudis are probably rolling around on the floor laughing at the western idiots as they order in more tankers. China rubs their hands to buy up even more of the new poorer west burdened by new taxes and costs. Full round of applause, we saved the planet.
#162 Gravy Train on 11.03.21 at 10:19 am
You seem worked up… I like solar panels. I think the look great, much better than asphalt shingles. I also like to dabble with batteries. Just built a little 24v LiFePo 100AH pack, used an overkill BMS, added an inverter and charger, put it all in a nice maple box with handle, that I made in the workshop. And now I have a nice little 2.4kwh solar generator.
It’s a fun hobby…
I’m sure IH will give you his rebuttal, but the fact of the matter is that you just turned yourself into a energy producer. I’d have to see your system, but depending how it’s put together, you may just be using grid power for everything, which means, your home energy mix is still; 56% nuclear, 24% water, 6% nat gas, 8% wind, and only 2.4% solar…
You’re just now part of the 2.4% solar producers.
#144 crowdedelevatorfartz on 11.02.21 at 10:23 pm
ponzies perplexing prattle vs ponzies pedometer
10 posts today or a 10km daily walk.
Apparently.
Retired accountants have far too much time on their hands
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At least we can scroll by PP’s drivel and not worry that we’re paying for it. Unlike other posters that are well payed by taxpayers and yet preach and condescend all day long in the comment section. You can scroll by but you know you’re still paying for it. Much like mini CBCs I guess.
#162 Gravy Train on 11.03.21 at 10:19 am
What exactly are you doing, if anything? Or do you not care about your progeny?
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I just bought a truck that will cut my fuel bill right in half, and am also entering season two of supplemental wood fired heat via a rocket stove I built with recycled/re-purposed steel.
But, I am doing this mainly for lowering costs and avoiding taxes – not so much because I want to lower my carbon footprint.
I could have left that second paragraph out and let everyone deduct that I’m working hard to help the planet. But that wouldn’t have been the truth – right Gravy?
#165 Wrk.dover on 11.03.21 at 10:45 am
“If you were off grid – you’d have an utterly feeble demand loading cap, and a major long term storage question. Your array would have to be 3-4X the size you have now
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In the winter, I produce 60% of consumption, so no, I don’t need 300-400% more panels to go off grid.
And what is this electric clothes dryer talk. What is that?
City folk ways big boy?
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Us backwater hicks own stuff like clothes dryers these days. I keep mine in the laundry room with my mounted 14 point buck and 30-06 collection.
Ok, you’ll need 100% more panels, and storage, and inverter, and no 30+ amp loads for any length of time. Either that or you get 3-4X more panels, a load of batteries, and a sufficiently large inverter to cover your peak loading – then you can keep living the way you currently do.
Or get a big propane tank out back, and sell the electric appliances.
#173 Don Guillermo on 11.03.21 at 11:55 am
#144 crowdedelevatorfartz on 11.02.21 at 10:23 pm
Unlike other posters that are well payed by taxpayers and yet preach and condescend all day long in the comment section.
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Yeah, Sail Away taking CEWS and then prattling on here all day was pretty annoying.
#170 NoName on 11.03.21 at 11:32 am
@solar panels
Some work better than other. Interesting video, 30 min long but fun starts at min-10, and wach from there for a min or two what takes 20% of his solar panel array outputs.
https://www.youtube.com/watch?v=AbxHoQF4ADk&t=618s
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Very interesting video NN. Thanks!
#172 ImGonnaBeSick on 11.03.21 at 11:47 am
“I’m sure IH will give you his rebuttal, but the fact of the matter is that you just turned yourself into an energy producer.” Yes, that’s right. A clean-energy producer.
“I’d have to see your system, but depending how it’s put together, you may just be using grid power for everything, […]” No, that’s wrong. My power company installed a bidirectional meter on my house showing how much energy our household buys and sells. I have twenty 400-watt panels making up an eight-kilowatt solar array, together with a monitoring system showing how much energy the solar panels produce. From this information our household energy consumption can be calculated.
“[…] which means, your home energy mix is still 56% nuclear, 24% water, 6% nat gas, 8% wind, and only 2.4% solar…” Wrong again. Here’s our energy mix: 48% solar panels, 32% coke and coal, 6% wind, 5% natural gas, 5% hydro/wave/tidal, 2% petroleum, and 2% biomass/geothermal.
“You’re just now part of the 2.4% solar producers.” For the past two years, our solar panels have produced about half of our electricity.
Hmmm…solar power
Bloggers Gravy and wrk.dover seem to have great systems and benefit from net metering.
Blogger sicko notes there is just 2.4% of electricity generated from solar.
Someone else mentioned Scotia power makes a profit.
Lets just accept all those as facts.
So why doesn’t everyone just get a solar array – make it as big as you like.
Anyone see a problem with this?