12 Comments

Start with the fact that there is no climate crisis and work from there.

But no.

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While Berkshire may have 119bn in debt they also have 88bn in cash. I would assume the reason corporations have been rolling over their debt is because the cost of borrowing has been so low the return on that debt has been profitable. But when that arbitrage is no longer profitable they’ll use their cash to pay down debt. In 2000 us companies had 1.6 trillion in cash and this year cash on hand has exploded to 5.8 trillion.

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Sep 16, 2022·edited Sep 16, 2022

Forget about the PRICE of lithium and start worrying about its availability. At 2019 rates of mining (pre-Covid) it would take 9,920 years to obtain enough lithium, and 7,100 years to obtain enough vanadium to build ONE generation (20-25 years worth) of wind and solar to replace all fossil fuels. Both of those numbers exceed the known reserves of those metals. I've cued the video below to the crux but the whole thing is worth watching.

https://www.youtube.com/watch?v=MBVmnKuBocc&t=2400s

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Sep 16, 2022·edited Sep 16, 2022

“Europe can thank the Democrats and the Biden administration for their war against” Russia, and especially the insane anti-Russia sanctions, for the current energy crisis.

There. I fixed that sentence to reflect the REAL cause of Europe’s woes. Even if the U.S. were at max energy production, there wouldn’t be much to spare for the Europeans.

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I couldn't stop laughing at Lukashenko splitting wood. I have a cunning plan, let's export overly abundant Texas mesquite wood to Europe instead of natural gas and oil, a win, win!

Oil field produced waters often contain significant amounts of lithium, at the current prices it is probably economically feasible to extract lithium.

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It’s almost as if the economic destruction ahead was planned or something. 🤔

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