If electric cars are the future, why are investors fleeing companies the build and run EV charging stations?

But, but, but, we’ve been told that plug-in electric vehicles are the wave of the future! From The Wall Street Journal:

Investors Sour on EV Charging Companies

EV charging companies have fallen from lofty valuations as concerns mount about their profitability

by Jennifer Hiller | Boxing Day, December 26, 2023 | 7:00 AM EST

The companies that install and operate electric-vehicle charging networks are in the middle of a building boom, but their share prices are sputtering. Continue reading

St Greta of Thunberg must be appalled! I am wryly amused

Former Democratic presidential nominees Al Gore and John Kerry are surely weeping and wailing and gnashing their teeth at the news, but the sensible among us see this as great! From CNN:

The United States is producing more oil than any country in history

By Matt Egan | Updated 5:00 PM EST | Tuesday, December 19, 2023

As the world grapples with the existential crisis of climate change, environmental activists want President Joe Biden to phase out the oil industry, and Republicans argue he’s already doing that. Meanwhile, the surprising reality is the United States is pumping oil at a blistering pace and is on track to produce more oil than any country has in history.

“The existential crisis of climate change”? So many reporters keep using that word; I do not think it means what they think it means. We may have some issues with which to deal with global warming climate change, but we’re not all going to die.

Remember: human beings are the most adaptable creatures on earth, and we live everywhere, from arctic wastelands to steaming jungles to bone dry deserts, and we have done so even prior to our modern, industrialized society.

The United States is set to produce a global record of 13.3 million barrels per day of crude and condensate during the fourth quarter of this year, according to a report published Tuesday by S&P Global Commodity Insights.

Last month, weekly US oil production hit 13.2 million barrels per day, according to the US Energy Information Administration. That’s just above the Donald Trump-era record of 13.1 million set in early 2020 just before the Covid-19 crisis sent output and prices crashing.

As the world’s largest oil producer, that means more American dollars stay in the United States rather than going to Saudi Arabia or Venezuela, and some money from foreign countries comes to the United States. This enriches American companies and American workers, and that ought to be seen as a good thing for the American people.

The US is exporting roughly the same amounts of crude oil, refined fuels and liquid natural gas as Saudi Arabia and Russia. With the Saudi and Russian collusion, on which we have previously reported, to reduce OPEC’s production to raise prices, American production has helped keep those prices down.

“It’s a reminder that the US is endowed with enormous oil reserves. Our industry should never be underestimated,” said Bob McNally, president of Rapidan Energy Group.

Record-shattering US production is helping to offset aggressive supply cuts meant to support high prices by OPEC+, mainly Saudi Arabia and Russia. Other non-OPEC oil producers including Canada and Brazil are also pumping more oil than ever before. (Brazil is set to join OPEC+ next year.)

Think about what this means. Russia’s economy is dependent upon oil and natural gas exports, and Vladimir Putin wanted to use western Europe’s dependence upon Russia oil and, especially, natural gas as a weapon against NATO countries which are supporting Ukraine with money and military equipment. Without Russian natural gas, a lot of western Europe countries, much of which are at latitudes higher than our lower 48-state border with Canada, the Europeans would have gotten awfully cold during the past two winters, but American production has prevented Russia from being able to effectively utilize their energy weapon.

The climate activists want us to cease oil production, thinking that that will somehow save the world, and perhaps we can eventually develop energy systems which can truly replace oil for energy production, but, right now, that day has not come. And the United States, with its oil, natural gas, and seriously underused coal reserves, has natural resources which can make Americans in general wealthier. The activists just don’t get it: doing what they want would make Americans poorer.

Then again, if liberals actually understood economics, they wouldn’t be liberals anymore.

You go, girl! Go ahead and hurt your own cause! Climate activist Greta Thunberg goes all out anti-Semitism

We have previously noted the definition of “intersectionality,” and how the perhaps less than genius thinkers on the left misuse it to tell us that all leftist causes are related, mixing together things which would curdle new milk. An interesting example is the mixing of feminism and transgenderism, hich leads to the amusing fact that, at least in some things, the best woman for the job is a man male.

Now, William Teach’s sort of favorite whipping girl, Greta “How dare you!” Thunberg, has hurt her own cause by mixing it with today’s oh-so-popular anti-Semitism. From The Times of Israel:

Climate activist Thunberg flogged for ‘crush Zionism’ chant

by Canaan Lidor | Tuesday, Kislev 15, 5784 | 6:23 PM Jerusalem Time

Footage showing climate activist Greta Thunberg chanting “crush Zionism” at a recent pro-Palestinian rally in Sweden is provoking harsh-worded criticism of her by prominent Jewish environmentalists.

If you can’t access the Times website, you can find the story here as well. You can see the original of the tweet here, which shows you the video, not just thye still in the screen capture I took ands used.

The actions by Thunberg, whom many regard as a symbol of the environmentalist movement, reflect how “large parts of ‘the left’ or ‘progressives’ have been intellectually captured by a naive, distorted and frankly bigoted anti-Zionism,” Nigel Savage, a UK-born environmental activist and founder of Jewish environmental nonprofit organization Hazon, tells The Times of Israel Tuesday.

Savage, whose Jerusalem-based group was established in 2000 and holds environmentally oriented bike rides in New York, adds: “It is a microcosm of a far larger and far greater challenge. It’s sad and disturbing.”

Now I will admit it: I can kind of see Miss Thunberg’s reasoning. In saying that Israel should be crushed, she is taking the side of poverty and savagery over prosperity and Western civilization, and if there’s one thing the global warming climate change activists hate, it’s prosperity and Western civilization, despite the fact that they are living with the benefits of prosperity and Western civilization.

I will admit to wondering how Miss Thunberg got from her native Sweden to Amsterdam without the use of fossil fuels, or from where the puffy coat and its insulation came without the use of petroleum, but I’m hardly the first person to point out her climapocrisy.

Miss Thunberg, of course, has the freedom of speech, and can say any fool thing she wishes, but I am amuse by the fact that she is hurting her own cause by siding against Israel and Jews, Jews who just might be the voters who put the Democrats over the top to control Congress and get the climate policies she wants enacted into law.

So, you go, girl! Go ahead and hurt your own cause.

 

Everything the climate activists want will cost you more money The wealthy activists just can't understand that not everyone can afford this stuff

As Reichsstatthalter Kathy Hochul (NSDAP-NY) seeks to ban new gas range installations in the Empire State, an ad for the ZLINE 48 in. Fingerprint Resistant Stainless Steel 6.0 cu.ft. 7 Gas Burner/Electric Oven Range (RAS-SN-48) showed up in my morning feed. We’re not in the market for a new range at all, and, at a sale price of $5039.96, marked down from $5,599.95 — “shipping calculated at checkout” — it was nothing we’d have bought anyway.

Experience Attainable Luxury® with the ZLINE 48″ DuraSnow® Dual Fuel Professional Range. ZLINE’s dual fuel range combines a high performance gas stovetop with an electric convection oven. Providing both professional aesthetics and functionality, this dual fuel stove provides the ultimate luxury experience for a fraction of the cost. ZLINE’s exclusive DuraSnow® finish features a timeless non-directional fingerprint-resistant finish, allowing you to easily combat everyday wear and tear. Achieve optimal results with cooktop cooking power from 4,200 up to 18,000 BTUs provided with sealed burners. Rely on precise and even heating for every homemade dish with an electric convection oven. Enjoy an ultra-deep oven capacity with a three-layered insulated glass oven for efficient cooking every use. With upgraded premium features such as SmoothSlide ball-bearing oven racks, dual lighting, and adjustable legs, this range is certain to wow both the chef and guests alike. Assembled with the highest quality materials on the market, this range offers a durable, scratch-resistant porcelain cooktop and ZLINE’s exclusive single piece cast iron grate. Cook with ease with StayPut Italian hinges, providing a safe baking environment to enjoy for years to come. ZLINE stands by the longevity and durability of their professional dual fuel stoves, while ensuring further protection and peace of mind with a worry-free warranty. The ZLINE Dual Fuel Range is packaged in multiple boxes and will ship out together next business day when in stock.

Of course, the Reichsstatthalter’s wealthy friends will have ways to get around New York’s ban on the installation of new gas service!

So, why did the ad appear in my feed in the first place? Noting William Teach’s story on a Washington Post article, “How fast do you have to buy EVs and heat pumps to avoid the worst effects of climate change?” and it’s first lines: Continue reading

Another Pie-In-The-Sky Green Energy Project Meets Economic Reality

My good friend and occasional blog pinch hitter William Teach of The Pirate’s Cove noted on Wednesday that General Motors is cutting back significantly on its commitment to produce the plug-in electric vehicles the global warming climate emergency activists and Biden Administration have pushed:

After investing billions to adhere to President Joe Biden’s green energy agenda, General Motors (GM) is backtracking on all fronts when it comes to Electric Vehicles (EVs).

As GM was the last of the Big Three to strike a tentative agreement with the United Auto Workers (UAW), the automaker’s green energy dreams — championed by the Biden administration — have come crumbling down. Continue reading

Did $24 million of SEPTA’s money go up in smoke?

I am wryly amused. 🙂

In the left’s rush to phase out reliable gasoline-ort-diesel-powered vehicles, sometimes the amusing happens. The City of Brotherly Love, in its desire to go green, bought 25 battery-electric buses from California manufacturer Proterra in 2016.

It didn’t turn out well:

A Proterra electric bus battery caught fire in a South Philly SEPTA depot

There have been several battery-related fires in electric buses and cars.

by Ryan W. Briggs and Thomas Fitzgerald | November 11, 2022 | 12:08 PM EST

A battery power pack in a sidelined electric bus ignited Wednesday at SEPTA’s Southern Bus Depot, occupying city fire crews for hours and delivering another possible setback to efforts to build a low-emission fleet in Philadelphia.

No injuries were reported.

The transit agency bought 25 battery-electric buses from California manufacturer Proterra in 2016, but all have been parked at the depot since 2020 after discovery of cracks in bus frames and performance problems.

That third quoted paragraph is the money line: all 25 Proterra have been parked since 2020, because they were pieces of feces had problems. A SEPTA spokeswoman confirmed that the fire’s origin was traced to lithium ion battery units inside the bus.

Further down: Continue reading

The Feds create the demand, and then give private investors money to increase the supply!

I had previously noted, on Christmas Eve of 2021, that I spotted six Tesla TSLA: (%) charging stations at the Wawa at the junction of Pennsylvania Route 61 and Interstate 78. Five of the chargers were unoccupied, while a sixth was blocked by a mid-1990s, gasoline-engine beater car, using the charging area as a parking space. 🙂

Alas! That was the last time I’ve been to a Wawa, and as someone who truly appreciates Wawa coffee, that is a tragedy. I have some hope, in that Wawa is expanding into the Bluegrass State, and there’s a permit application for construction of a Wawa at the junction of Interstate 75 and Athens-Boonesboro Road, about 30 miles from me, but someplace I could stop on my way to our daughter’s house.

At any rate, I was thinking about those six unused Tesla chargers when I read this, in today’s Philadelphia Inquirer:

Electric vehicle drivers can soon get a Shorti and a charge-up at some Wawas

The federal infrastructure law allocates $7.5 billion for new public charging stations for electric vehicles. Pennsylvania expects $171 million.

by Thomas Fitzgerald | Monday, August 21, 2023 | 5:00 AM EDT

The Pennsylvania Department of Transportation recently awarded $34 million in federal grants for businesses to build fast-charging stations for electric vehicles in 35 counties across the state, part of a Federal Highway Administration program to spur the development of EV infrastructure.

Note that this is not a federal loan program, but specifically “federal grants,” for businesses to build commercial plug-in electric car charging stations, on which they hope to turn a profit.

Outlets are planned at the massive Breezewood gas-and-go junction of Interstate 70 and the turnpike, a number of motels, existing charging hubs built by Tesla and other suppliers — and around here, Wawas in Bristol, Horsham, Lansdale, Philadelphia, and Woodlyn.

The 2021 bipartisan Infrastructure Law allocated $7.5 billion over five years to help make EV charging more accessible nationally. Pennsylvania expects to get about $172 million.

“The electric-vehicle fleet is growing in Pennsylvania — there will be more tomorrow than today and more the day after that,” Transportation Secretary Mike Carroll said at an announcement event outside Scranton on Aug. 15.

Why, I have to ask, are our tax dollars being distributed to install commercial electric car charging stations? If people choose to buy plug-in electric vehicles, there will be a growing demand which will cause entrepreneurs to build such stations, using their own money, in order to turn a profit.

Pennsylvania had 47,400 fully electric vehicles registered at the end of 2022, according to the U.S. Department of Energy’s Alternative Fuels Data Center. New Jersey had 87,030.

With a population of 9,261,699, New Jersey is less populous than Pennsylvania’s Census Bureau guesstimated 12,972,008, yet the Garden State has nearly twice as many electric vehicles. I guess that proves that Pennsylvanians are smarter than Jerseyites. Having spent some time in traffic on the Garden State Parkway, I shudder to think what it would be like, worrying about a steadily declining battery charge. You can get a five-gallon can of gasoline, but not a five-gallon can of electricity!

Lack of charging infrastructure has been a barrier to sales of EVs, along with high sticker prices relative to vehicles that run on fossil fuels. In turn, that complicates the ambitious federal goal that 50% of the nation’s new cars and trucks be electric by 2030, in order to reduce carbon emissions that cause global warming. . . . .

A major goal of the EV charging program is to use federal dollars to stimulate private investment in the technology, as well as in batteries and vehicles, said Andrew Rogers, deputy administrator of the Federal Highway Administration (FHWA).

“The ecosystem of charging that’s already underway is really impressive,” Rogers said in an interview. “The private sector has just stepped up in ways that have demonstrated the catalyzing effect of the law.”

If the private sector has “just stepped up” in the way Mr Rogers stated, why does the federal government need to tax poorer people to prop up wealthier investors?

Further down:

Since the Biden administration took office in 2021, the number of publicly available charging stations has increased 40%, with the private sector investing $130 billion in that effort, and developing longer-lasting EV batteries and production lines for the vehicles, Rogers said.

Last month, seven automakers from Detroit, Asia, and Europe joined in an effort to build 30,000 fast-charging ports in the United States and Canada that will work with any brand of electric vehicle

But if the private sector have invested $130 billion in these efforts, why does the federal government have to do this? Oh, wait, the newspaper gave us the answer:

The companies said one of their main goals was to qualify for federal subsidies for charging infrastructure.

Translation: supping at the federal trough to make money for private investors.

I can see why Wawa wants in on this program. While just about the only thing I ever bought at Wawa is their coffee, the convenience store also sells hoagies, snacks, and just about anything else a traveler might want to eat-and-go. The newspaper article claimed that, “Fast chargers can replenish a drained battery in 10 to 30 minutes,” but most sources state that it can take an hour or longer, unless the stop is to recharge just enough to make it home safely. For a business like Wawa, people having to sit around for half an hour or longer means more coffee, more sodas, and more hoagies sold.

If a business wants to add public charging stations, that’s absolutely fine with me; it’s none of my business. But when the federal government is throwing the dollars it taxes away from me for something the private sector has already been doing, then yeah, it becomes my business! And I say not just no, but Hell no!

The left want poorer, minority neighborhoods to have nicer things, but fret that them having nicer things will attract more white people to move in!

Gentrification can be defined as the process whereby the character of a poor urban area is changed by wealthier people moving in, improving housing, and attracting new businesses, typically displacing current inhabitants in the process. We have reported, many times, on how the left are really opposed to gentrification.

But the left have often complained about “disinvestment,” and how poorer neighborhoods suffer from it. Yeah, it’s not exactly a surprise that people would take their money out of the combat zone or open-air drug market neighborhoods.

How can Philly build green without displacing residents?

Some research suggests that green development causes gentrification. But experts and community advocates say it’s not inevitable.

by Nate File | Thursday, August 10, 2023

When Debbie Robinson steps out of her apartment, she loves looking at the trees. “We got all these beautiful trees. Red trees, all these different yellow trees, all these beautiful trees,” Robinson, 59, said of her apartment complex in Grays Ferry.

[Sigh] Sadly, today’s journalists have forgotten the old reporter’s maxim that the 5Ws + H needed to be at the beginning of the story, to get the most information to the readers quickly, before some of the readers dropped out, or, in newspapers, didn’t turn to the continuation of the story on page A-15, or “below the fold,” so I’m having to make a bug cut here to get to the meat of the article.

Last month in Philadelphia, it felt like 105 degrees in the shade. With cooler days ahead, it may be easy to forget that the effects of climate change go beyond the rising temperature; environmental pollutants are shortening people’s lives in Philadelphia and water is flooding their neighborhoods.

And as tends to be the case with many of the problems affecting the city, low-income communities of color often experience those affects most acutely. North and West Philly are measurably hotter than the rest of the city.

Well, of course there’s always a racial angle; it is, after all, that “anti-racist news organization,” The Philadelphia Inquirer!

But while climate change is a global problem that is mostly driven by large corporations and wealthy individuals, Philadelphia can still build climate-supporting improvements that make the environment more tolerable for its people.

And it’s all the fault of the Evil Rich and Wealthy Corporations, even though those Wealthy Corporations produce the goods that even poor and minority consumers buy. But here we get to the heart of the problem:

These projects can be both large and small, from the construction of sprawling parks like Philly’s proposed Rail Park, to a row of trees along a street, or the creation of new bike lanes.

Building new green infrastructure may seem like an entirely beneficial move for Philadelphians, especially those who live in the hottest and most flood-prone areas. But community advocates and academics alike are warning against a rush to build new parks and plant trees without seriously thinking about one potential consequence: displacement.

“Folks are absolutely thinking about gentrification. I think when community members … hear about any kind of development, they think it’s for someone else,” said Jerome Shabazz, the executive director of the Overbrook Environmental Education Center, and an original member of the city’s Environmental Justice Advisory Commission. “That is an apathy that is not ill placed. It’s the tradition.”

In a 2020 study of the city’s new public green spaces, Temple University’s Hamil Pearsall and Jillian K. Eller found that “public green spaces may anchor gentrification processes. Additionally, new spaces in wealthy neighborhoods were more publicly accessible than parks in gentrifying neighborhoods.”

Simply put, to get the greener, nicer spaces the “hottest and most flood-prone areas” deserve means to increase costs to live in those areas, and that means the poorer residents who currently live in those areas will see housing costs rise to levels that they cannot afford, pushing them out. We’ve seen this before:

In a plan for a safer, vibrant 52nd Street, worried West Philly neighbors see gentrification looming

Angst is roiling minority neighborhoods as they struggle to balance the opportunities and the threats created by gentrification. “West Philly is the new Africa,” one resident warned at a community meeting. “Everyone wants the property that’s in West Philadelphia.”

by Jason Laughlin | February 21, 2020

The topic of the community meeting — a plan to beautify 52nd Street, to make it safe, welcoming, and prosperous once again — was, on its face, nothing but good news for West Philadelphia’s long-declining business corridor.

Yet the audience of about 50 residents and retailers, mostly African American, grew increasingly agitated as urban designer Jonas Maciunas flipped through a PowerPoint presentation of proposed improvements. Many weren’t seeing a vision of a neighborhood revitalized from Market to Pine Streets. Instead, in the talk of redesigned intersections, leafy thoroughfares, and better bus shelters, they heard the ominous whisper of gentrification.

“It just seems that when white people decide to come back to a certain neighborhood, they want it a certain way,” said Carol Morris, 68, a retired elementary school teacher.

Morris’ declaration opened the floodgates of fear and anger that recent night at the Lucien E. Blackwell West Philadelphia Regional Library. Maciunas and Jesse Blitzstein, director of community and economic development for the nonprofit Enterprise Center, which is spearheading the project, were peppered with skeptical questions ranging from the validity of surveys showing community support for the improvements to the maintenance of trees that would be planted.

Let’s be blunt here: the black residents of West Philly don’t want nicer neighborhoods, because, Heaven forfend!, then more white people might move in! As we have previously noted, the Editorial Board of the Inquirer have told us that racial segregation is very much part of the problem in city residents feeling unsafe, and Philadelphia is one of the United States’ most internally segregated big cities. But, rather than the evil White Supremacists about which the left keep warning us, it’s not white Americans who want to keep neighborhoods racially segregated, but black Americans, or at least the black Americans in West Philly.

While Philadelphia and the Inquirer haven’t been so blatant as to say so directly, the liberal city of Lexington[1]Fayette County was one of only two counties, out of 120 total in the Bluegrass State, to be carried by Joe Biden in the 2020 election. has. As we have previously noted, Lexington said, directly, that it was concerned about gentrification, and, “Most new owners being more affluent and differing from the traditional residents in terms of race or ethnicity.” The city was concerned about white people moving into heavily black neighborhoods.[2]Lexington’s Hispanic population are not large enough to really dominate larger neighborhoods, though there is a “Little Mexico” area.

Philadelphia is not concerned about black residents moving in and integrating nearly all-white neighborhoods, and that is what the Inquirer’s Editorial Board said ought to happen. But somehow, liberal cities don’t seem to want that to happen in reverse, don’t seem to want white people moving into majority black neighborhoods.  Yet, as the Inquirer noted:

Neighborhoods like Graduate Hospital, Fishtown, and University City — where years of reinvestment have ushered in more wealth and opportunity — are just a few minutes’ drive from shooting hot spots. But they rarely experience gun violence.

Gentrification seems to reduce violence!

Gentrification ought to be something every city wants. Not only do revitalized properties raise property values around them, but when white ‘gentrifiers’ move into a majority black neighborhood, they are clearly white people who have no racist attitudes toward blacks, people perfectly willing to have black neighbors.

Is that not a good thing?

In the originally cited article, author Nate File cites some left-leaning academics and proposals for what amounts to welfare and price controls to prevent making neighborhoods nicer from making them more expensive, and attracting all of those evil white folks!

It’s a wryly humorous situation. We have the white liberals leading one of our more leftist newspapers, saying that poorer minority neighborhoods should have more assistance, to keep them cooler during the hot summer months — though there seems to be less concern about eliminating the ‘urban heat island effect’ that would keep them a bit warmer during a nasty, cold Philly winter — but fretting that making them nicer will lead to more racial integration, in a city in which the Editorial Board have already complained is too internally segregated! 🙂

Can things really get more stupid than that?

References

References
1 Fayette County was one of only two counties, out of 120 total in the Bluegrass State, to be carried by Joe Biden in the 2020 election.
2 Lexington’s Hispanic population are not large enough to really dominate larger neighborhoods, though there is a “Little Mexico” area.

How wealthy New Englanders fight #ClimateChange

We have previously noted how the wealthy New England homeowners featured in the Public Broadcasting System’s famous, long-running This Old House series, from areas which gave the large majority of their votes to the Democrats, still love them some fossil fuels.

It was season 43 for This Old House series, and yet another set of wealthy New England homeowners were remodeling, very extensively remodeling an 1880s Cape Cod style home, outside of Concord, Massachusetts. In the 2020 presidential election, Middlesex County, in which Concord is located, gave 617,196 votes, or 71.00% of the total, to former Vice President Joe Biden, and just 226,956 votes, or 26.11%, to President Donald Trump. That was an even stronger margin than the statewide 65.60% to 32.14% margin.

It’s safe to say that Bay Staters are very strongly liberal Democrats.

Season 43 for This Old House came after the COVID-19 panicdemic had mostly waned, and I saw only one person in the series wearing a face mask, telling me that much of the panicdemic restrictions had been removed. episode 13, “Race to the finish,” first broadcast on January 6, 2022 was well after Mr Biden and his liberal environmental and global warming climate change policies were in place.

So, what did these wealthy homeowners in Massachusetts do? In episode 13, we saw an older gas-fired boiler for the heating system replaced by a new, more efficient, but still natural gas fired boiler. Episode 16, “Cinderella Story,” shows how the homeowners had installed a high end, professional gas stove. There was a corner unit gas fireplace briefly shown, as well as a restored wood-burning fireplace more prominently featured. It seems that the wealthy New Englanders who have supported politicians and policies which would deprive the commoners, the working-class, of gas appliances, aren’t quite so eager to sacrifice their own comfort and own lifestyles.

Of course, I do not know how these particular homeowners voted; perhaps they were among the 26.11% of Middlesex County voters smart enough to vote for President Trump rather than the dummkopf from Delaware. But it sure seems that the climate activists are very busy telling people to do as they say, not do as they do.