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In my view, there are three ways a growing economy can be sustained:
- With a growing supply of cheap-to-produce energy products, matched to the economy’s energy needs.
- With growing debt and other indirect promises of future goods and services, such as rising asset prices.
- With growing complexity, such as greater mechanization of processes and supply lines that extend around the world.
All three of these approaches are reaching limits. The empty shelves some of us have been seeing recently are testimony to the fact that complexity is reaching a limit. And the growth in debt looks increasingly like a bubble that can easily be popped, perhaps by rising interest rates.
In my view, the first item listed is critical at this time: Is the supply of cheap-to-produce energy products growing fast enough to keep the world economy operating and the debt bubble inflated? My analysis suggests that it is not. There are two parts to this problem:
[a] The cost of producing fossil fuels and delivering them to where they are needed is rising rapidly because of the effects of depletion. This higher cost cannot be passed on to customers, without causing recession. Politicians will act to keep prices low for the benefit of consumers. Ultimately, these low prices will lead to falling production because of inadequate reinvestment to offset depletion.
[b] Non-fossil fuel energy products are not living up to the expectations of their developers. They are not available when they are needed, where they are needed, at a low enough cost for customers. Electricity prices don’t rise high enough to cover their true cost of production. Subsidies for wind and solar tend to drive nuclear electricity out of business, leaving an electricity situation that is worse, rather than better. Rolling blackouts can be expected to become an increasing problem.
In this post, I will explore the energy-related issues that are contributing to the recessionary trends that the world economy is facing, starting later in 2022.
[1] World oil supplies are unlikely to rise very rapidly in 2022 because of depletion and inadequate reinvestment. Even if oil prices rise higher in the first part of 2022, this action cannot offset years of underinvestment.
The IEA, in its Oil Market Report, December 2021, forecasts a 6.4-million-barrel increase in world oil production in 2022 over 2021. Indications through September of 2021 strongly suggest that there was only a small rebound (about 1 million bpd) in the world’s oil production in 2021 compared to 2020. In my view, the IEA’s view that liquids production will increase by a huge 6.4 million barrels a day between 2021 and 2022 defies common sense.
The basic reason why oil production is low is because oil prices have been too low for producers since about 2012. Companies have had to cut back on developing new fields in higher cost areas because oil prices have not been high enough to justify such investments. For example, producers from shale formations could add new wells outside the rapidly depleting “core” regions if the oil price were much higher, perhaps $120 to $150 per barrel. But US WTI oil prices averaged only $57 per barrel in 2019, $39 per barrel in 2020, and $68 per barrel in 2021, so this new investment has not been started.
Recently, oil prices have been over $80 per barrel, but even this is considered too high by politicians. For example, countries are releasing oil from their strategic oil reserves to try to force oil prices down. The reason why politicians are interested in low oil prices is because if the price of oil rises, both the price of food and the cost of commuting are likely to rise, since oil is used in farming and in commuting. Inflation is likely to become a problem, making citizens unhappy. Wages will go less far, and politicians who allow high oil prices will be voted out of office.
[2] Natural gas production can be expected to rise by 1.6% in 2022, but this small increase will not be enough to meet the needs of the world economy.
With natural gas production growing at a little less than 2% per year, a major issue is that there is not enough natural gas to “go around.” Natural gas is the smallest of the fossil fuels in quantity. We are depending on its growth to solve many problems, simultaneously:
- To increase natural gas imports for countries whose own production is declining
- To provide quick relief from inadequate production by wind turbines and solar panels, whenever such relief is needed
- To offset declining coal consumption related to a combination of issues (depletion, high pollution, climate change concerns)
- To help increase world electricity supply, as transportation and other processes are gradually electrified
Furthermore, the rate at which natural gas supply increases cannot easily be speeded up because (a) the development of new fields, (b) the development of transportation structures (pipeline or Liquefied Natural Gas (LNG) ships), and (c) the development of storage facilities all require major upfront expenditures. All of these must be planned years in advance. They require huge amounts of resources of many kinds. The selling price of natural gas must be high enough to cover all of the resource and labor costs. For those familiar with the concept of Energy Returned on Energy Invested (EROEI), the basic problem is that the delivered EROEI falls too low when all of the many parts of the system are considered.
Storage is extremely important for natural gas because fluctuations tend to occur in the quantity of natural gas the overall system requires. For example, if stored natural gas is available, it can be used when wind turbines are not producing enough electricity. Also, a huge amount of energy is needed in winter to keep homes warm and to keep the lights on. If sufficient natural gas can be stored for months at a time, it can help provide this additional energy.
As a gas, natural gas is difficult to store. In practice, underground caverns are used for storage, assuming caverns of the right type are available. Trying to build storage, if such caverns are not available, is almost certainly an expensive undertaking. In theory, importing natural gas by pipeline or LNG can transfer the storage problem to LNG producers. This is not a satisfactory solution, however. Without adequate storage available to sellers, this means that natural gas can be extracted for only part of the year and LNG ships can only be used for part of the year. As a result, return on investment is likely to be poor.
Now, in 2022, we are hitting the issue of very slowly rising natural gas production head-on in many parts of the world. Countries that import natural gas without long-term contracts are facing spiking prices. Countries in Europe and Asia are especially affected. The United States has mostly been isolated from the spiking prices thanks to producing its own natural gas. Also, only a small portion of the natural gas produced by the US is exported (9% in 2020).
The reason for the small export percentage is because shipping natural gas as LNG tends to be very expensive. Long-distance LNG shipping only makes economic sense if there is a several dollar (or more) price differential between the buyer’s price and the seller’s costs that can be used to cover the high transport costs.
We now seem to be reaching a period of spiking natural gas prices, especially for countries importing natural gas without long-term contracts. If natural gas prices rise, this will tend to make electricity prices rise because natural gas is often burned to produce electricity. Products made with high-priced electricity will be less competitive in a world market. Individual citizens will become unhappy with their high cost of heat and light.
High natural gas prices can have very adverse consequences. In areas with high prices, products made using natural gas as a raw material will tend to be squeezed out. One such product is urea, used as a nitrogen fertilizer. With less nitrogen fertilizer available, food production is likely to fall. If food prices rise in response to short supply, consumers will tend to reduce discretionary spending to ensure that there are sufficient funds for food. A reduction in discretionary spending is one way recession starts.
Inadequate growth in world natural gas production can be expected to hit poor countries especially hard. For example, a recent article mentions LNG suppliers backing out of planned deliveries of LNG to Pakistan, given the high prices available elsewhere. Another article indicates that Kosovo, a poor country in Europe, is experiencing rolling blackouts. Eventually, if natural gas available for export remains limited in supply, electricity blackouts can be expected to spread more widely, to less poor parts of Europe and around the world.
[3] World coal production can be expected to decline, further pushing the world economy toward recession.
Figure 3 shows my estimate for world coal production, next to a recent IEA forecast.
Figure 3 shows that world coal consumption has not been rising for about a decade.
Coal seems to be having the same problem with rising costs as oil. The cost of producing the coal is rising because of depletion, but citizens cannot afford to pay more for end products made with coal, such as electricity, steel and solar panels. Coal producers need higher prices to cover their higher costs, but it becomes increasingly difficult to pass these higher costs on to consumers. This is because politicians want to keep electricity prices low to keep their citizens and businesses happy.
If the cost of electricity rises, the cost of goods made with high-priced electricity will tend to rise. Businesses will find their sales falling in response to higher prices. In turn, they will tend to lay off workers. This is a recipe for recession, but a slightly different one than the ones mentioned earlier. It also is a good way for politicians not to get re-elected. As a result, politicians will try to hide rising coal costs from customers. For example, laws may be enacted capping electricity prices that can be charged to customers. Because of this, some electricity companies may be forced out of business.
The decrease in coal production I am showing for 2022 is only 1%, but when this small reduction is combined with the growth problems shown for coal and oil and the rising world population, it means that world coal supplies will be stretched.
China is the world’s largest coal producer and consumer. A major concern is that the country has serious coal depletion problems. It has experienced rolling blackouts since the fall of 2020. It has tried to encourage its own production by limiting coal imports, thus keeping wholesale coal prices high for local producers. It also limits the extent to which high coal costs can be passed on to electricity customers. As a result, the 2021 profits of electricity companies are expected to be reduced.
[4] The US may have some untapped coal resources that could be tapped, if there is a plan to ship more natural gas to Europe and other areas in need of the fuel.
The possibility of additional US coal production occurs because coal production in the US seems to have occurred because of competition from incredibly inexpensive natural gas (Figure 4). To some extent, this low natural gas price results from laws prohibiting oil and gas companies from “flaring” (burning off) natural gas that is too expensive to produce relative to the price it can be sold for. Prohibitions against flaring are a type of mandated subsidy of natural gas production by the oil-producing portion of “Oil & Gas” companies. This required subsidy leads to part of the need for high oil prices, especially for companies drilling in shale formations.
A major reason why US coal extraction started to decline about 2009 is because a very large amount of shale gas production started becoming available then as a byproduct of oil production from shale. Oil producers were primarily interested in extracting oil because it (hopefully) sold for a high price. Natural gas was a byproduct whose collection was barely economic, given its low selling price. Also, the economy didn’t have uses, such as trucks powered by natural gas, for all of this extra natural gas production. Figure 4 suggests that wholesale natural gas prices dropped by close to half, in response to this extra supply.
With these low natural gas prices, as well as coal pollution concerns, a significant amount of US electricity production was switched from coal to natural gas. It is my view that this change left coal in the ground, potentially for later use. Thus, if natural gas prices rise again, US coal production could perhaps rise again. The catch, of course, is that many coal-fired electricity-generating plants in the US have been taken out of service. In addition, coal mines have been closed. Any increase in future coal production would likely take place very slowly because of the need for many simultaneous changes.
[5] On a combined basis, using Tverberg Estimates for 2021 and 2022, fossil fuel production in total takes a step down in 2020 and doesn’t rise much in 2021 and 2022.
Figure 5 shows that on a combined basis, the overall energy being provided by fossil fuels is likely to remain lower in 2021 and 2022 than it was in 2018 and 2019. This is concerning, because the economy cannot go back to its 2019 level of “openness” and optional travel for sightseers, without a big step up in energy supply, especially for oil.
This same figure shows that the production of the three fossil fuels is somewhat similar in quantity: Oil is the highest, coal is second, and natural gas comes in third. However, oil shows a step down in 2020’s production from which it has not recovered. Coal shows a smoother pattern of rise and eventual fall. So far, natural gas has mostly been rising, but not very steeply in recent years.
[6] Alternatives to fossil fuels are not living up to early expectations. Electricity from wind turbines and solar panels is not available when it is needed, requiring a great deal of back-up electricity generated by fossil fuels or nuclear. The total quantity of non-fossil fuel electricity is far too low. A transition now will simply lead to electricity blackouts and recession.
Figure 6 shows a summary of non-fossil fuel energy production for the years 2000 through 2020, without a projection to 2022. For clarification, wind and solar are part of the electrical renewables category.
Figure 6 shows that nuclear electricity production has been declining at the same time that the production of electrical renewables has been increasing. In fact, a significant decrease in nuclear electricity is planned in Europe in 2022. This reduction in nuclear electricity is part of what is causing the concern about electricity supply for Europe for 2022.
The addition of wind and solar to an electrical grid seems to encourage the closure of nuclear electricity plants, even if they have many years of safe production still ahead of them. This happens because wind and solar are given the subsidy of “going first,” if they happen to have electricity available. Wind and solar may also be subsidized in other ways.
The net result of this arrangement is that wholesale electricity prices set through competitive markets quite frequently fall too low for other electricity producers (apart from wind and solar). For example, wind and solar electricity that is produced during weekends may be unneeded because many businesses are closed. Electricity produced by wind and solar in the spring and fall may be unneeded because heating and cooling needs tend to be low at these times of the year. Wind and solar electricity providers are not asked to cut back supply because their production is unneeded; instead, low (or negative) prices encourage other electricity producers to cut back supply.
Nuclear electricity producers are particularly adversely affected by this pricing arrangement because they cannot save money by cutting back their output when wind and solar are over-producing electricity, relative to demand. This strange pricing arrangement leads to unacceptably low profits for many nuclear electricity providers. They may voluntarily choose to be closed. Local governments find that if they want to keep their nuclear electricity producers, they need to subsidize them.
Wind and solar, with their subsidies, tend to look more profitable to investors, even though they cannot support the economy without a substantial amount of supplementary electricity production from other electricity providers, which, perversely, they are driving out of business through their subsidized pricing structure.
The fact that wind and solar cannot be depended upon has become increasingly obvious in recent months, as coal, natural gas and electricity prices have spiked in Europe because of low wind production. In theory, coal and natural gas imports should make up the shortfall, at a reasonable price. But total volumes available for import have not been increasing in the quantities that consumers need them to increase. And, as mentioned above, nuclear electricity production is increasingly unavailable as well.
[7] The total quantity of non-fossil fuel energy supplies is not very large, relative to the quantity of fossil fuel energy. Even if these non-fossil fuel energy supplies increase at a trend rate similar to that in the recent past, they do not make up for the projected fossil fuel production deficit.
With respect to anticipated future non-fossil fuel electricity generation, one issue is how much nuclear is being shut off. I would imagine these current closure schedules could change, if countries become aware that they may be facing rolling blackouts without nuclear.
A second issue is the growing awareness that renewables don’t really work as intended. Why add more if they don’t really work?
A third issue is new studies suggesting that prices being paid for locally generated electricity may be too generous. Based on such an analysis, California is proposing a major reduction to its payments for renewable-generated electricity, starting July 1, 2022. This type of change could reduce new installations of solar panels on homes in California. Other locations may decide to make similar changes.
I have shown two estimates of future non-fossil fuel energy supply in Figure 7. The high estimate reflects a 4.5% annual increase in the total supply, in line with recent past increases for the group in total. The lower one assumes that 2021 production is similar to that in 2020 (because of more nuclear being closed, for example). Production for 2022 represents a 5% decrease from 2021’s production.
Regardless of which assumption is made, growth in non-fossil fuel electricity supply is not very important in the overall total. The world economy is still mostly powered by fossil fuels. The share of non-fossil fuels relative to total energy ranges from 16% to 18% in 2020, based on my low and high estimates.
[8] The energy narrative we are being told is mostly the narrative that politicians would like us to believe, rather than the narrative that historians and physicists would develop.
Politicians would like us to believe that we live in a world of everlasting economic growth and that the only thing we should fear is climate change. They base their analyses on models by economists who seem to think that an “invisible hand” will fix all problems. The economy can always grow; enough fossil fuels and other resources will always be available. Governments seem to be able to print money; somehow, this money will be transformed into physical goods and services. With these assumptions, the only problems are distant ones that central banks and carbon taxes can handle.
The realists are historians and physicists. They tell us that a huge number of past economies have collapsed when their populations attempted to grow at the same time that their resource bases were depleting. These realists tell us that there is a high probability that our current economy will eventually collapse, as well.
The general shape that economic growth is likely to take is that of a “Seneca Curve” or “Seneca Cliff.” In the words of Lucius Annaeus Seneca in the first century CE, “Increases are of sluggish growth, but the way to ruin is rapid.” If we think of the amount graphed as the total quantity of goods and services received by citizens, the amount tends to rise slowly, gradually plateaus and then falls.
We now seem to be encountering lower energy supply while population continues to rise. It takes energy for any activity that we think of as contributing to GDP to occur. We should not be surprised if we are at the edge of a recession. If we cannot get our energy problems solved, the downturn could be very long-lasting.
(Reuters) – Nissan Motor Co Ltd plans to stop developing new internal combustion engines in all its major markets except the United States and focus on making electric vehicles, the Nikkei business daily reported on Monday.
The automaker will continue limited development of its gasoline engines for its U.S. market, mainly for pickup trucks, according to Nikkei, which did not cite any sources.
Nissan did not immediately respond to a Reuters request for comment.
Police are taking trucker’s petrol
https://youtu.be/67Fz4oA886M
https://www.scmp.com/news/hong-kong/health-environment/article/3166061/we-must-stay-home-hong-kong-expecting-614?module=lead_hero_story&pgtype=homepage
I am told that because of the extreme isolation policy should you come in contact with an infected person in HK (possibility of 3+ weeks in the gulag)… people are limiting their contacts… effectively self-isolating…
This lack of social contact will be causing serious mental issues.
https://www.zerohedge.com/technology/rumble-ceo-offers-joe-rogan-100-million-make-world-better-place
Joe Rogan could easily set up his own platform — so he does not need this.
But the Elders control the interwebs… and if they want to shut him down … they can easily shut him down .. with DOS attacks.. they could command payment gateways not to accept subscriber memberships… and many other tools… it’s their playground… their sand box… you play by their rules… or you get sent home
I imagine Joe is aware of this. He’s also seen that the Elders will play dirty… the N-word stuff is just the beginning … they will latch on to his every move and anything he does in his personal life will be twisted to make him look like a monster.
They could turn Mother Theresa into a opportunist pimping out street children from the slums of India .. if they wanted to.
I would hope that Joe is aware of this.
And there is the Big Picture – he is not aware of the CEP… if he was on board with the CEP — he would realize that trying to expose the Covid Lie… is a bad idea.
If I was Joe — my foray into truth would end now … no more Covid guests. There is zero upside.
BEIJING — Canada’s 6-1 win over Russia in Olympic women’s hockey Monday featured the strange visual of players on both teams wearing masks under their cages after a delayed puck drop.
After an hour’s delay, players from both countries and the on-ice officials stepped onto the ice at Wukesong Sports Centre wearing KN95 masks under their masks.
https://www.ctvnews.ca/sports/canada-tops-russia-after-refusing-to-take-the-ice-over-covid-19-results-1.5770606
Hahaha… N95 hahaha… and for their next trick they’ll play a team of 14 year old boys — with no body checking allowed. hahahahaha… jokes all around here
Protests in Italy against vaccine for athletes.
“We can no longer hide it: vaccination in amateur and professional sports activities is causing a huge number of terrible events: myocarditis, strokes, thrombosis, heart attacks and sudden deaths on the playing fields, in training and in competitions.”
https://www.ilparagone.it/attualita/manifestazione-coni-sportivi-non-vaccinati/
Serious Video by a lawyer filing against mandatory vaccination of the military personel:
https://www.bitchute.com/video/x4uApGSo3wSw/
Human augmentation just is the right thing to do for the military. Why not apply it to the whole population. It is just a good thing to do. No no, we are not talking about war here. No, no.
Do never ever think of you lay man being considered an enemy in a war.
or likewise “a soldier” having to be augmented for a war
Worth mentioning again: If “the virus” is some sort of biological wapon or a vaccine attempt against an assault with a biological weapon or it has been released by the mitlitary it would legally be a declaraion of a global bioweapons attack. If that was the case “law of war” applies…to all humans…
perps of gain of function SARS2 are crimes against humanity.
perps of continued negative efficacy “vaccines” which harm millions are crimes against humanity.
No rule of law. So you and what army will enforce this?
true, gov has gone rogue.
perhaps all we can do is not comply with the criminal activity.
not be complicit.
others can be fully complicit and supportive of the crimes.
I see that very often.
I hope someday we can have data for
1) never vaxxed
2) maximum allowed vax at least 15 days ago
yes it would be good to have accurate data, not the intentionally distorted data that considers all the Jabbed to be unjabbed for 14 days.
many people who are vax injured probably test positive for covid in these 14 days, as the toxic vax poisoning surely produces positive test results.
anyway, I think there is vastly sufficient data to give an accurate summary of these toxic poisonous jabs:
1. there has never been a successful coronavirus vaccine.
2. there never ever will be.
the available data shows:
the global vaccine program is a total failure.
“… there is no harm in getting vaccinated in order to fit in with the governmental views and be able to get around more easily than the unvaccinated.”
WRONG!!
millions have been harmed, and the number grows daily.
tick tock, tick tock, tick tock…
the US military DMED leak was one more in a series of clinchers.
the leak shows 3X increase in 2021 in many serious medical conditions including cancer.
their release last week of “adjusted” numbers for their 2016-2020 database was obviously part of a coverup, and these “adjusted” numbers were absurdly high, about as high as the 2021 numbers which show the immense “harm” to US military personnel last year, CAUSED by the toxic “vaccines”.
this coverup would be one of the biggest scanndals in US history, except that the compliccit MSM is helping with the Demoncrat coverup.
the harm has been huge, and is increasing daily.
Lance Roberts on RealInvestmentAdvice.com writes Disinflation Is a Bigger Threat than Inflation
The article starts out:
“Disinflation, and ultimately deflation, is a more significant threat than inflation over the next two years.”
A few points he makes (my interpretation) are
Artificial Inflation Is Unsustainable – It is not possible to keep up the M2 money growth rate. Also, the pump from fiscal policy is mostly past. Unless the Government remains committed to a continuous stimulus, once the “sugar rush” fades, the economy will “crash” back to its organic state.
There are diminishing returns to added debt
Commodity prices are likely to fall “As the fear of inflation rose, investors piled into the commodity trade. While commodity prices rose due to the supply shortage, the reversal of that liquidity will undermine those assets.”
He concludes:
“If we are correct, bonds will likely be the best performing asset class in 2022.”
I expect that there will be a lot of defaults on bonds, so I am less certain of how this works out. Maybe bonds will be better than very negative stock market, but how about not being in the market at all? Everything is headed to zero; the question is, “Which part gets to zero, first.”
I am also concerned about the international derivatives situation and how that might affect the market as a whole. If the system is broken, some of these comparisons may not be appropriate.
What I don’t understand is, where does he go? Governments have payrolls, payrolls support governments, they can and do print money, examples are all over. Wha does he run to?
A guess? It is a time where to win one loses the least.
Dennis L.
inflation calculated by the brilliant John Williams at Shadowstats is about 15% using the more reliable and accurate 1980 method.
good luck to anyone who can find a safe investment that increases by more than 15% in 2022.
Intermission of the Fast Eddy CEP and Jab Vaxc Moreons
MATT SIMONSCIENCEFEB 1, 2022 2:00 PM
Extreme Heat in the Oceans Is Out of Control
More than half of the sea now logs temperatures once considered extreme, threatening countless species, livelihoods, and the air we breathe.
WITHOUT THE OCEAN, climate change on land would be even more catastrophic. The seas have absorbed over 90 percent of the excess heat from greenhouse gas emissions, essentially saving humanity from itself. But it’s taking a toll: The ocean, too, is rapidly warming. And just as we have heat waves on land, parts of the ocean can experience temperature spikes too.
New research exposes just how bad the problem has gotten. Researchers from the Monterey Bay Aquarium began their calculation by analyzing surface temperature data from 1870 to 1919, sampled from across the globe. (Yes, ships have been taking the ocean’s temperature for 150 years.) Once they knew the historical high temperatures for each month in different parts of the ocean, they had a baseline for marine temperature extremes before the escalation of climate change. In the 19th century, only 2 percent of the ocean surface experienced such extremes.
Then they compared this data to readings in the same places taken from 1920 to 2019. Their results show that by the year 2014, half of the ocean surface was logging temperatures once considered extreme—exceeding those historical highs. By 2019, that figure was 57 percent. In 150 years, the occurrence of extreme heat had become the new normal.
These spikes are different from the overall rise in water temperature, which is also caused by global warming. For one thing, a particular region can come back down off of a high when winter arrives. And the location of the spikes can vary over time, meaning some places were affected earlier than others. So while half the ocean surface was logging temperature extremes by 2014, the South Atlantic had actually crossed that threshold back in 1998.
“And that is ludicrous,” says ecologist Kyle Van Houtan, president and CEO of the Loggerhead Marinelife Center, who coauthored today’s paper in the journal PLOS Climate describing the findings. (Van Houtan did the research in his previous role as the chief scientist at the aquarium, with marine biologist Kisei Tanaka, now at the National Oceanic and Atmospheric Administration.) “There’s some major changes going on right now in the ocean, and we think that this calculation, this index, of marine heat that we built is helping to describe why,” he continues. “I think extreme marine heat is much more of a problem than we thought it was. It’s actually common today, which is scary, because historically it was just extreme—it was rare.”
https://www.wired.com/story/extreme-heat-in-the-oceans-is-out-of-control/
Again, 100% agree here with Gail…can’t do anything about it with almost 8 billion on the surface
It will run its course and perhaps a higher power has a plan, like Gail alludes to in post comments.
We don’t know it’s a mystery.
The laws of nature rule, like Physics and Chemistry
this winter up here in the northeast USA has been too cold.
the glowball worming that was 0.6 degrees above average is now down to 0.3 above average.
oh mein Gott.
how can humans possibly survive such extreme swings?
Goldman Sachs sees a molecule shortage in everything
https://www.bloomberg.com/news/articles/2022-02-07/goldman-commodity-veteran-says-he-s-never-seen-a-market-like-it?utm_campaign=socialflow-organic&utm_source=twitter&cmpid%3D=socialflow-twitter-energy&utm_medium=social&utm_content=energy
There is more demand for every commodity than can be supplied.
I would add, in the US, there is also more demand for labor than people are willing to supply, given current pay levels and working conditions.
Also true for Russia. Here we have a great shortage of all types of workers. It’s a big problem for companies.
intermission of FE Train of COVID and Vaxc Roll
This one for Gail
BOULDER, Colo.—For almost five years, an international consortium of scientists was chasing clouds, determined to solve a problem that bedeviled climate-change forecasts for a generation: How do these wisps of water vapor affect global warming?
They reworked 2.1 million lines of supercomputer code used to explore the future of climate change, adding more-intricate equations for clouds and hundreds of other improvements. They tested the equations, debugged them and tested again.
The scientists would find that even the best tools at hand can’t model climates with the sureness the world needs as rising temperatures impact almost every region.
When they ran the updated simulation in 2018, the conclusion jolted them: Earth’s atmosphere was much more sensitive to greenhouse gases than decades of previous models had predicted, and future temperatures could be much higher than feared—perhaps even beyond hope of practical remedy.
“We thought this was really strange,” said Gokhan Danabasoglu, chief scientist for the climate-model project at the Mesa Laboratory in Boulder at the National Center for Atmospheric Research, or NCAR. “If that number was correct, that was really bad news.”
At least 20 older, simpler global-climate models disagreed with the new one at NCAR, an open-source model called the Community Earth System Model 2, or CESM2, funded mainly by the U.S. National Science Foundation and arguably the world’s most influential climate program. Then, one by one, a dozen climate-modeling groups around the world produced similar forecasts. “It was not just us,” Dr. Danabasoglu said.
The scientists soon concluded their new calculations had been thrown off kilter by the physics of clouds in a warming world, which may amplify or damp climate change. “The old way is just wrong, we know that,” said Andrew Gettelman, a physicist at NCAR who specializes in clouds and helped develop the CESM2 model. “I think our higher sensitivity is wrong too. It’s probably a consequence of other things we did by making clouds better and more realistic. You solve one problem and create another
Skeptics have scoffed at climate models for decades, saying they overstate the hazards of carbon dioxide. But a growing body of research shows many climate models have been uncannily accurate. For one recent study, scientists at NASA, the Breakthrough Institute in Berkeley, Calif., and the Massachusetts Institute of Technology evaluated 17 models used between 1970 and 2007 and found most predicted climate shifts were “indistinguishable from what actually occurred.”
Climate scientist Zeke Hausfather at the Breakthrough Institute, an environmental-research group, who led the analysis, said: “The fact that these early models got the future right should give us confidence.”
..
Still, models remain prone to technical glitches and hampered by an incomplete understanding of the variables that control how our planet responds to heat-trapping gases. There are still unanswered climate questions about the subtle interplay of land, oceans and the atmosphere. Oceans may be warming faster than previous models predicted. The effect of airborne dust, soot, grit and aerosols is still hard to pin down.
…Moreover, clouds are changing in response to rising global temperatures in ways that may make warming worse—just as older climate models had predicted—according to a satellite-data analysis by scientists at the Scripps Institution of Oceanography in San Diego. Since the 1980s, the scientists said, the world has become cloudier toward the poles and less cloudy in the midlatitudes. Thunderclouds have also grown taller.
As ocean temperatures have risen in recent years, fewer bright, reflective low-lying clouds have formed over broad areas of open seas, according to a new study published in September by researchers at California’s Big Bear Solar Observatory and New York University. That means more of the sun’s heat is being trapped in the atmosphere, where it gives rising temperatures a boost—a process that appears to be accelerating, the researchers said.
https://www.wsj.com/amp/articles/climate-change-global-warming-computer-model-11642191155
Rather long article…I agree with Gail….nothing much we will be able to do about it…either way
we are Scientists.
our Models are very simple when compared to the vast complexity of the actual global system.
trust Us, and the Models.
but the Models always need improvement, so thanks for all the $100K+ jobs for us Scientists.
without all that good $$$$$$$, we would not be able to produce our simple Models.
Thank you!🤪
Intermission ..another form!of Collapse
USA TODAY Sports
Opinion: Eric Dickerson’s ailments are grim reminder of NFL glory’s heavy bodily toll
Jarrett Bell, USA TODAY
Sun, February 6, 2022, 3:45 PM·7 min read
During his heyday, Eric Dickerson was one of the NFL’s most lethal running backs, a mass of speed, power, grace, guile, grit and tremendous production. He looked cool, too, capable of going the distance on any given snap as he peered from his Rec Specs, padded up with a neck collar while rocking a Jheri curl.
Now the owner of the NFL’s single-season rushing record just wants to get a good night’s sleep.
It’s the pain. In the neck. Or back. Or head. Or shoulder. Or toe. Or any combination thereof.
Ours is a slow death, declining in health. You watch so many players…and the sad thing is that the wives are the ones, or the girlfriends, who are stuck to pick up the pieces. That’s why I wish they’d do better by NFL players, with healthcare and the pension.”
Dickerson recalled a conversation from more than 20 years ago with O.J. Simpson. The topic was aging, and it came with a warning from Simpson: You’ll really feel the hits at 50.
“True. He was right,” said Dickerson, who played 11 NFL seasons, retiring at 33 following the 1993 season after doctors warned him of risks associated with a neck injury. “Back in my 30s and 40s, I felt good, body-wise. You get to 50, those hits really do come back. And you remember exactly where you got hit.”
it takes a while, like AGW, to be felt because of lag time Davie
😜
…..
….
Science has been for sale for so long that my guess is that we need to go pre 1900’s to find genuine enquiry.
“Wake-Up Call” by JHK
https://kunstler.com/clusterfuck-nation/wake-up-call/
For those who understand Italian or Spanish, here you can find testimonials of adverse events post experimental jabs against Covid-19.
Just to make some example: nr. 6 is about a person who cannot walk anymore. Nr. 7 is about a person who received neuro-muscolar toxiicity diagnosis after jab. Number 8 is about a person who now needs to take beta-blocker drugs because of sudden and costant tachycardia after jab. Number 12 of a person who had external skin burining after the first jab and, after the second jab, also internal her body, she had a perfect health before.
There are other videos you can watch, these were just the first I watched.
https://www.comitatoascoltami.it/testimonianze.html
And here you can find a testimonal of a father who had is son with A severe adverse event after jab, he wrote a public letter, but it was banned by FB.
Facebook https://www.lantidiplomatico.it/dettnews-effetti_vaccini_covid_la_mia_lettera_aperta_a_fiorello_censurata_da_facebook/5496_45064/
Worth keeping an eye on Dr Yeadon’s substack: it seems that Pfizer, under their European contract at least, are permitted to vary the mRNA content in the vaxxes very considerably.
This may well do something to explain the wide variety of responses and adverse reactions, from nothing to fatal/crippled.
This also would seem to cover them for any experimentation in the vaxx formula which might be taking place, as some have suspected. But should the European authorities have accepted such a contract?
The crime of giving people treatments which they would assume to be consistent, and, moreover, identical to those in the trials, is self-evident.
Almost every day, the news about these injectables gets worse and worse….
Please give the official link, I would not like to find a wrong profile. Thank you.
Sorry Student, I don’t note links: just go to the ‘Mike Yeadon /Robin Monotti/ Cory Morningstar’ telegram channel via Duckduckgo for preference. It’s a recent post.
That channel also regularly posts EU, US and UK adverse events charts.
Beware, there are fake Mike Yeadon accounts, created in the effort to discredit him.
The legal aspect is very interesting: like buying a ‘quality beef burger’ but finding the manufacturer can vary the pure beef content from 50-90%, with no query from the regulators, and no specification on the package.
I mean, they don’t even have the grace to tell us whether it’s death shot or not…..
Ok, thank you. I will try to get the right one. Have a nice evening.