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Greece Calls On EU For Fast Response To Surging Energy Prices

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Greece Calls On EU For Fast Response To Surging Energy Prices

Authored by Charles Kennedy via OilPrice.com,

Greece is urging the EU to move faster to address the high power and natural gas prices in the bloc that undermine its competitiveness alongside burdening households, Greek Prime Minister Kyriakos Mitsotakis wrote in a letter to European Commission President Ursula von der Leyen seen by Bloomberg News.

European wholesale electricity prices jumped in November to the highest level in 20 months, additionally burdening the key industries in major economies that had just started to recover from the 2022 energy crisis.

Major economies in Western Europe – Germany, France, the Netherlands, Spain, and Italy, have seen a surge in energy costs.

Economies in east and southeast Europe, including Greece, have been suffering even more as energy prices have been higher than in Western Europe in recent months.

Greece, Bulgaria, and Romania have already called on the EU to discuss measures to relieve the high prices.

The Greek PM also wrote to von der Leyen in May 2024 urging the European Commission President “to make the Single Market more competitive and transparent for consumers, for a Europe that improves the living standards of its citizens”

In another letter seen by Bloomberg News, Mitsotakis wrote more recently,

“Prices are telling us we need to move faster but also differently — to think about new ways to tackle the problems that confront us.”

Mitsotakis is calling for better integration of the national grids and for additional measures to protect southeast Europe’s and the EU’s natural gas security. The Greek PM also seeks limits to the costs of overregulating emissions.

“Shifts in the geopolitical landscape make this task even more urgent,” Mitsotakis wrote in the letter.

The European Union is getting ready to have natural gas hold a smaller share of the energy mix, but “we will depend on gas for at least two decades,” the Greek prime minister noted.

Tyler Durden
Wed, 01/15/2025 – 04:15

2024 Registrations Of New Electric Cars Plummet 27.5% In Germany… “Petrol Dominates”

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2024 Registrations Of New Electric Cars Plummet 27.5% In Germany… “Petrol Dominates”

Authored by P Gosselin via the NoTricksZone

How’s the Green New Deal working out in Germany? Not very well at all.

Firstly, Germany has been in recession for almost 2 years now – thanks mostly to the policies of Economics Minster Robert Habeck (Green Party), who incidentally has no education in economics, business or finance. The guy just doesn’t know what he’s doing.

Secondly, German energy prices are among the most expensive in the world, and the German power supply has become more unstable than ever. Germany is now in a rapid deindustrialization tailspin.

E-cars aren’t selling

Another indicator that the Green New Deal is faltering badly: sales of new electric cars have plummeted 27.5%, reports Blackout News here, citing data from the Federal Motor Transport Authority (KBA).

“Only 380,600 electric vehicles were newly registered. This corresponds to a decline of 27.5 percent compared to the previous year.”

“Diesel cars were even ahead of purely electric cars at 17.2 percent,” reports Blackout News.

“These figures show how far away Germany is from the government’s electromobility targets. According to the KBA, there were only 1.4 million electric cars on the roads at the turn of 2024/25, while the target is around 15 million by 2030.”

With the bad figures, it’s only natural that e-car proponents are calling for more subsidies in order to entice consumers to opt for e-cars, and higher taxes to punish those who refuse to cooperate by buying diesel or petrol engine vehicles, which are more reliable and cheaper.

Future remains bleak for e-mobility 

So what does the future hold? That of course will depend on the outcome of the coming February 23 national elections.

Currently the (fake) conservative CDU/CSU party are leading in the polls (29%) and are expected to win.

But a new government under chancellor Friedrich Merz would likely continue Angela Merkel’s disastrous green policies, albeit at a slower rate than the current socialist-Green government under Olaf Scholz.

Growing resistance, AfD on the rise

However, Germany’s new conservative-libertarian AfD party, led by the charismatic Alice Weidel, is steadily closing the gap (22%), and today there’s even a chance of a major upset occurring come the end of February! The momentum is clearly on their side. Elon Musk called the AfD “Germany’s last hope.”

Though a victory by the anti-Green-New-Deal AfD party likely would not mean the chancellorship and thus a takeover of the reins of power,  it would be another major setback for the ever increasingly unpopular green movement.

To make matters worse for the German green movement, President Trump will certainly bring energy prices down in USA, and thus further exacerbate Germany’s economic uncompetitiveness. Germany’s needs to wake up from its green fantasies.

In summary, the next four years don’t offer much hope for Germany and its crumbling green movement. To reach the set targets, authoritarian measures certainly would need to be enacted.

Tyler Durden
Wed, 01/15/2025 – 03:30

Italy’s Largest Bank Makes Its First Bitcoin Purchase In $1 Million “Test”

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Italy’s Largest Bank Makes Its First Bitcoin Purchase In $1 Million “Test”

 Italy’s biggest bank, Intesa Sanpaolo, has made history by becoming the first Italian financial institution to buy 11 bitcoins for a “test” purchase worth $1 million.

Initially a widespread rumor, Bloomberg has confirmed that Italy’s largest banking giant has indeed dipped its toes in Bitcoin.  According to an internal memo, the financial institution completed its first proprietary Bitcoin trade, investing the funds into the world’s largest digital currency.

“It’s very small amounts, considering we have 100 billion euros in our securities portfolio,” Intesa CEO Carlo Messina told reporters on the sidelines of an event in Milan on Tuesday. “It’s an experiment, a test.”

Intesa set up a proprietary trading desk for digital assets in 2023 and started handling spot trades with cryptos last year.

The news first surfaced when the bank’s employees leaked an internal email on the image-sharing platform 4Chan. Following the leak, Niccolo Bardoscia, Intesa Sanpaolo’s head of digital assets trading and investment, officially confirmed the acquisition in an email to the media, revealing that the bank now holds 11 BTC.

While Bardoscia confirmed the purchase, the executive did not reveal exactly why the bank had acquired BTC. Therefore, it is still unclear if the purchase was to diversify Intesa Sanpaolo’s investment portfolio or if it was a pilot to offer crypto services, according to CryptoRank.

The acquisition is not the bank’s first foray into blockchain. In July last year, Intesa Sanpaolo pioneered a $25.7 million digital bond issuance on the Polygon network in collaboration with state-owned bank Cassa Depositi e Prestiti SpA. In addition, Intesa Sanpaolo broadened its crypto desk to allow  spot trading. Before then, it only offered clients crypto options, futures, and exchange-traded funds (ETFs).

Intesa Sanpaolo’s purchase came as Europe eased regulations. The Markets in Crypto Assets (MiCA) regulatory guideline came into full effect in December, a milestone that’s expected to pave the way for more digital-asset adoption among financial companies.

While Intesa is currently only prop trading — buying and selling using its own balance sheet rather than on behalf of clients — the crypto desk’s activities fit with the bank’s broader blockchain projects, and it may be a stepping stone for eventually trading digital assets for institutional customers.

“We won’t become a Bitcoin provider but we need to know how to do so if our bigger clients ask us to,” Messina told reporters on Tuesday.

Intesa carried out the Bitcoin purchase through Boerse Stuttgart Digital’s institutional trading platform, a spokesperson from the German exchange group said in a statement.

After rallying in the wake of Donald Trump’s US election win in early November, Bitcoin and other cryptocurrencies have had a shaky start to the year, hurt by concerns that persistent inflation will curtail the Federal Reserve’s monetary policy easing.

Bitcoin briefly slid below $90,000 on Monday — a drop of almost 5% from the start of 2025 — before a rebound that left it slightly up for January. The largest cryptocurrency soared to a record high of $108,316 last month.

This BTC acquisition signals a shift in sentiment within Italy. As the country’s largest bank leads the way, other financial institutions may follow suit, potentially accelerating adoption.

The move stands out in Italy, where the central bank governor, Fabio Panetta, has consistently cautioned against digital assets like Bitcoin and Ethereum, describing them as “unsecured.”

That said, the bank has a long way to go to catch up with its US peers: BlackRock, the world’s largest asset manager, has amassed $51 billion in assets in the spot Bitcoin ETF it launched a year ago, and is pushing to have its money-market digital coin more widely used as collateral for crypto derivatives trades. JPMorgan is preparing to offer instant settlement for foreign-exchange conversions between the dollar and the euro through its blockchain platform.

Meanwhile, Bitcoin’s value continues to surge, with optimism growing about easing regulatory hurdles under incoming U.S. President Donald Trump. Some analysts expect it to more than double in value by the end of this year.

Tyler Durden
Wed, 01/15/2025 – 02:45

Switzerland, Serbia Offer To Host Trump–Putin Ukraine Peace Talks

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Switzerland, Serbia Offer To Host Trump–Putin Ukraine Peace Talks

Authored by Tom Ozimek via The Epoch Times,

Switzerland and Serbia have both offered to host a potential meeting between President-elect Donald Trump and Russian President Vladimir Putin, following recent discussions about the possibility of such talks.

The Swiss Foreign Ministry said on Jan. 12 that it is willing to host talks between Trump and Putin, while Serbian President Aleksandar Vucic said on the same day that his country would be an “extremely suitable” venue for such a meeting given that both men are highly popular in the Balkan country.

Switzerland, which is not a member of NATO or the European Union, is widely recognized as a neutral country and has maintained a policy of neutrality for centuries. The country has often served as a venue for diplomatic meetings and peace talks because of its reputation for neutrality.

Serbia, which is also not a NATO member, is in the process of joining the EU, with talks at an advanced stage. The country has historically maintained close ties with Russia and has not imposed sanctions on Moscow over the Ukraine conflict.

Trump, who has vowed to broker a peace deal between Russia and Ukraine after he assumes office, announced last week that his team is working to arrange a meeting with Putin. The president-elect, who is set to be sworn into office for a second term on Jan. 20, did not provide any further details about where or when the meeting might take place or what might be on the agenda.

“That’s a war that would have never happened if I had been president, and it’s a war I’m going to try and stop as quickly as I can,” Trump said during a Jan. 9 dinner with GOP governors at Mar-a-Lago in Palm Beach, Florida.

The president-elect decried the “staggering” loss of life in the Russia–Ukraine conflict, adding:

“We have to get that war over with. That’s a bloody mess.”

Putin has repeatedly said that Russia is ready for dialogue with the incoming Trump administration on the situation in Ukraine, and that the Kremlin is ready to make “compromises.” The Russian leader has also expressed confidence that Trump will be able to navigate the complexities of the conflict and create the conditions for a peace deal.

In a June meeting with Russian Foreign Ministry leaders, Putin outlined conditions for peace talks, including Ukrainian troop withdrawals from contested regions, Ukraine’s adoption of a neutral status, “demilitarization” of the country, and the lifting of Western sanctions.

While Trump has pledged to bring an end to the hostilities, he has offered few specifics as to how he would accomplish that. Trump has said that he would leverage his personal relationships with both Putin and Ukrainian President Volodymyr Zelenskyy to bring the two men to the table to hammer out a deal.

Zelenskyy has proposed a “victory plan” that rests on four pillars—military, political, diplomatic, and economic—and that would include permission to use Western-supplied weapons to strike deeper into Russia. Trump, who opposes allowing Kyiv to use U.S.-supplied missiles to strike inside Russian territory, appears to back a negotiated settlement that could include territory ceded by Ukraine to Russia.

Trump has appointed retired Gen. Keith Kellogg as his special envoy for Ukraine and Russia. Kellogg, co-chair of the America First Policy Institute’s Center for American Security, outlined his approach to ending the Ukraine war in an April 2024 report.

His recommendations include pursuing a formal cease-fire, delaying Ukraine’s NATO membership in exchange for a verifiable peace deal, tying U.S. military aid to Ukraine’s willingness to negotiate, offering limited sanctions relief to Russia for compliance, and establishing bilateral defense agreements to secure Ukraine’s long-term safety.

President Joe Biden has pledged to surge as much military aid to Ukraine as possible while he is still in office, saying that this would put Kyiv in the strongest possible position on the battlefield and give it the most leverage in the anticipated peace negotiations.

Tyler Durden
Wed, 01/15/2025 – 02:00

The War Behind The War: What World War III Is Really Being Fought Over

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The War Behind The War: What World War III Is Really Being Fought Over

Authored by Leo Hohmann via substack,

World War III, like all 21st century wars, is not being fought over ideologies.

It’s being fought over energy and natural resources.

Because he who controls the world’s resources will be free to impose whatever ideology he wants.

Washington and London, the epicenter of the Western liberal world order that thinks it’s admirable and virtuous to redefine God-created genders and appropriate to unleash deviant transvestites on innocent school children, is seeking to neutralize the massive resources of Russia as it ramps up its “net zero” sustainable development model of economic progress. This economic model is really just a scam designed to pilfer what remains of the middle class and further subjugate them under AI-powered government-corporate control. Hence the need for more massive data centers, which Donald Trump is being used to build across the United States with $8 billion in foreign investment from a billionaire in the United Arab Emirates.

The surveillance state cannot be built out without these data centers scooping up, processing and storing highly personal information on every citizen. But Trump is either too dumb to know this or doesn’t care because he is blinded by a naive belief that without an expanded AI America will lose its global hegemony.

The modern technocratic state is going to be based on energy and carbon credits. Fiat currencies will become a thing of the past if these global predators succeed in their plans for a one-world surveillance state, where freedom of movement becomes a distant memory. Our healthcare and even our diets will also be tightly controlled by the elitist globalist predator class, whose interests are exemplified by the World Economic Forum and other elitist organizations.

With an understanding of the ongoing war over who controls the global food and energy supplies, it becomes easy to see how the NATO-Russia war (with Ukraine as NATO’s proxy) will blow up into World War III.

Moscow accused Ukraine Monday of conducting “energy terrorism” after what the Kremlin described as a failed drone attack against a Black Sea gas-compressor station that forms part of the major TurkStream gas pipeline linking Russia and Turkey.

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This following report is from the France 24 media outlet.

The Kremlin accused Ukraine of conducting “energy terrorism” and posing a danger to Europe‘s energy security, after an attempted drone attack on part of a major gas pipeline that carries Russian supplies to Turkey.

The allegation comes amid an escalating energy war between the two countries, almost three years after Russia launched its military offensive.

Ukraine has not commented on the alleged attack.

Ukraine halted the transit of Russian gas to third countries via Ukraine on January 1, ending decades of energy cooperation that had brought billions of dollars to both countries, in a bid to cut off revenue for Moscow’s army.

The United States last week rolled out fresh sanctions on Russia’s oil sector in another blow to Moscow’s vital hydrocarbon industry.

The Russian defense ministry said on Monday that Ukraine had fired nine attack drones on Saturday at a gas-compressor station in the village of Gai-Kodzor, near Russia’s southern coast on the Black Sea.

The site is across from the Crimean peninsula — which was unilaterally annexed by Russia in 2014 and has been heavily targeted by Kyiv throughout the three-year war.

Moscow said the facility was part of the TurkStream pipeline and accused Ukraine of trying to “cut off gas supplies to European countries.”

The Moscow Times further reported as follows:

The Defense Ministry said all the drones were shot down but some “minor damage” was recorded from falling debris. Gas deliveries were unaffected.

According to Russian state news agencies, Kremlin spokesman Dmitry Peskov called the attack a “continuation of the line of energy terrorism that Kyiv has been pursuing, under the curation of its overseas friends, for a long time.”

He called it “very dangerous for European consumers” and said Russia’s foreign minister and the head of Gazprom had discussed it in a call with their Turkish counterparts on Sunday.

Moscow’s forces have bombarded Ukraine’s energy sector with repeated aerial strikes since February 2022, causing major damage and power outages across the country.

The Western puppet politicians would have us believe the war is being fought over “democracy.” They say Putin is a dictator who wants to take over all of Europe. This is preposterous. The Soviet Empire collapsed because it could not handle the financial burden of keeping the Eastern European countries under its thumb, and Putin knows this. Russia is not capable of conquering and occupying Eastern Europe, let alone all of Western Europe, too. So these Western leaders are lying through their teeth, and unfortunately the Western press is all too happy to parrot thier fear-mongering narratives about Putin.

But even if Putin was as bad of a dictator as they tell us, the U.S. and NATO have in the past had no problem with dictators as long as they trade in dollars and follow the rules of the post-World War II liberal world order.

Don’t buy the hypocritical and self-righteous lies so prevalent throughout the Western media, including much of the conservative media. The war in Ukraine has nothing to do with democracy. It’s being fought for the sole purpose of detaching Putin from his position in control of a vast store of natural gas, oil, gold, uranium, and other valuable natural resources that the West wants to control and profit from. They can’t profit from it as long as Putin is in charge of Russia. And the last thing Washington wants to see is Putin plowing those oil and gas profits into his military/defense/industrial sector at a time when the West is seeking to eliminate so-called “fossil fuels” and convert to unreliable, less efficient and more expensive wind and solar energy.

The Kremlin on Monday also accused the United States of “destabilizing” the world energy market through fresh sanctions on Russian oil producers.

The United States and Britain on Friday announced sanctions against Russia’s energy sector, including oil giant Gazprom Neft and 180 ships it says are part of Moscow’s “shadow fleet.”

The move came just days before U.S. President Joe Biden leaves office.

No one wants to give their sons to fight and die in a war being fought over which country’s elites get to exploit the most resources. But they will send their sons to die if the stakes are recalibrated into a lying narrative about “fighting for democracy and freedom.” The elites figured this out a long time ago, and it still works beautifully for them today. They are laughing all the way to the bank.

Tyler Durden
Tue, 01/14/2025 – 23:25

China’s BYD Is Only Real Contender To Tesla’s Global EV Market Share Dominance

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China’s BYD Is Only Real Contender To Tesla’s Global EV Market Share Dominance

As of September 2024, Tesla retained the biggest market share among all battery electric vehicles (BEVs) sold worldwide in 2024, but only slightly. In 2023, Tesla’s share stood at 19 percent before dropping to 18 percent in first nine months of 2024, according to analyses by EV Volumes published on CleanTechnica.

The competition is now hot on Tesla’s heels. As Statista’s Florian Zandt shows in the chart below, the Chinese conglomerate BYD, which produces standalone electric vehicle batteries and associated electronics in addition to plug-in hybrid and fully electric vehicles, increased its market share by 9 percentage points between 2021 and 2024.

Infographic: Tesla and BYD Claim a Third of the Global BEV Market | Statista

You will find more infographics at Statista

As CleanTechnica points out, BYD’s market share in the BEV market might not increase that much in 2025 due to the manufacturer focusing on plug-in hybrid electric vehicles in the upcoming year.

The BEV portfolio of legacy automakers like Volkswagen and Geely-Volvo stood at 7 and 8 percent, respectively, while SAIC, which includes the joint venture between the Chinese state-owned SAIC Motor and Wuling as well as General Motors, also had a market share of 8 percent as of the most recently available data.

Between 2023 and January to September 2024, BYD’s and Tesla’s shares dropped by 1 percentage point each. BYD is focused on providing BEVs to a more general consumer base, while Tesla’s products have a higher price tag. This difference might be slightly mitigated through the increase of tariffs on Chinese-made cars from 25 to 100 percent which came into effect in August 2024.

According to EV Volumes, 14 million electric vehicles were sold globally in 2023, 70 percent of which were BEVs. However, 84 percent of all light vehicles sold still ran on traditional combustion engines or other non-electric fuel sources. The biggest exporter and market for both hybrids and BEVs was China with shares of 65 and 59 percent, respectively.

Tyler Durden
Tue, 01/14/2025 – 23:00

Trump Envoy Speaks At MEK Conference On Regime Change In Iran

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Trump Envoy Speaks At MEK Conference On Regime Change In Iran

Authored by Dave DeCamp via AntiWar.com,

Keith Kellog, who will serve as an envoy for the Ukraine war in the incoming Trump administration, spoke at an event in Paris over the weekend hosted by the National Council of Resistance of Iran, an organization led by the Mujahedin-e Khalq (MEK), a cult that seeks regime change in Iran.

Kellog said at the event that the world should reinstate “maximum pressure” on Iran. “These pressures are not just kinetic, just not military force, but they must be economic and diplomatic as well,” he said, according to Reuters.

Kellog said there was an opportunity “to change Iran for the better” but said it wouldn’t last for long. “We must exploit the weakness we now see. The hope is there, so must too be the action,” he said.

Longtime Trump adviser Keith Kellogg will be special envoy for Ukraine & Russia, via Associated Press

Opening the conference, Maryam Rajavi, MEK’s leader, claimed the “Iranian regime is on the brink of collapse” and cited several reasons, including the overthrow of Bashar al-Assad in Syria, an ally of Tehran.

The MEK is known to pay its speakers very well and usually hosts a number of Western officials. Other notable speakers at the event included James Jones, who served as President Obama’s national security advisor from 2009 to 2010, Liz Truss, who was the UK’s prime minister for just a few weeks in 2022, and Tod Wolters, a retired US Air Force general who served as the Supreme Allied Commander of NATO until 2022.

Iran’s Foreign Ministry condemned the conference, saying, “The hosting of a terrorist group by France is a clear example of support for terrorism and a violation of the French government’s international legal obligation to combat terrorism.”

Kellog’s participation in the event suggests the MEK may have a line into the incoming Trump administration, which is signaling it will be very hawkish on Iran.

While many Iran hawks in the US are friendly with the MEK and want them to take over Iran, the group has virtually no support inside Iran due to its history of carrying out terrorist attacks in the country and for siding with Iraq during the Iran-Iraq War in the 1980s. The MEK is also suspected of cooperating with Israel in assassinations of Iranian nuclear scientists that took place in 2012.

For many years, the MEK was based in Iraq, but the US helped the group resettle in Albania, which began in 2013. The US government even donated $20 million to the UN’s refugee agency to help with the resettlement.

The MEK was founded as a Marxist Islamic organization in the 1960s by Massoud Rajavi, Maryam Rajavi’s husband, who has been missing since 2003.

A report about the MEK published by the RAND Corporation in 2009 concluded that the group has “many of the typical characteristics of a cult, such as authoritarian control, confiscation of assets, sexual control (including mandatory divorce and celibacy), emotional isolation, forced labor, sleep deprivation, physical abuse and limited exit options.”

Tyler Durden
Tue, 01/14/2025 – 22:35

Yemen’s Houthis Target Israel Three Times In 12 Hours

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Yemen’s Houthis Target Israel Three Times In 12 Hours

The Yemeni Houthi forces announced Tuesday that it targeted the Israeli Defense Ministry headquarters in Tel Aviv with a hypersonic missile. Israeli media also confirmed an attempted attack, which triggered emergency sirens across the central Israeli region:

Yemen’s Houthi rebels claim an overnight missile attack on Israel, saying they had launched a “hypersonic ballistic missile” into “occupied Jaffa,” a reference to the Israeli commercial hub of Tel Aviv.

The IDF said it had attempted an interception of the missile that set off sirens in a large swath of central Israel. The launch came on the heels of a Monday night attack in which a projectile fired from Yemen was intercepted “prior to crossing into Israeli territory,” according to the military.

Fragments of one of the Houthi ballistic missiles after a series of launches damaged a home in Jerusalem. Source: Israeli Police

It is unclear where the projectile may have landed, but Israel is not reporting any significant damage to its military facilities.

But what is clear is that the Houthis have remained undeterred in their attacks, despite round after round of US and Israeli airstrikes on Yemen over the last several weeks.

Crucially, this marks no less than the third Houthi operation against Israel within 12 hours – which has included drone launches as well. “This is the third operation within 12 hours,” a Houthi military statement boasted.

There is some evidence in regional reporting that a projectile that was part of these assaults damaged a private residence:

Part of the missile landed on the roof of a home west of occupied Jerusalem. The Israeli army said in two separate statements, hours apart, on 13 January that it intercepted a missile and a drone launched from Yemen. 

The Yemeni army said on Tuesday that it attacked a “vital target” and launched four drones at targets in the Tel Aviv area. 

On January 10 the US, UK, and Israel conducted a rare three-way attack on Yemen, hitting various parts including the key port of Hodeidah. The capital of Sanaa was also hit, even as a large civilian demonstration was happening.

This week President Biden has proclaimed that Israel and Hamas are “on the brink” of finally achieving a ceasefire deal and hostage exchange. It’s anything but clear whether the Houthis would also honor this and cease their rocket launches. 

Houthi leaders have demanded a full Israeli military withdrawal from the Gaza Strip, and have threatened to keep attacking Israel and ships in the Red Sea until this happens. Israeli military leaders have at the same time vowed to ‘hunt’ down top Houthi officials, seen as Iran’s proxies.

Tyler Durden
Tue, 01/14/2025 – 22:10

Washington Dems Propose Bill Banning Child Care Workers From Reporting Illegal Immigrants To Feds

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Washington Dems Propose Bill Banning Child Care Workers From Reporting Illegal Immigrants To Feds

Despite Trump’s win in November and his inauguration in less than a week, Democrats aren’t letting go of the illegal immigration rope. 

In fact, now, Washington Democrats have proposed a bill barring child care employers, including families, from reporting criminal illegal immigrants to federal authorities, even if suspected of crimes against children, according to KTTH.

House Bill 1128 creates the Washington State Child Care Workforce Standards Board, giving Democrats greater control over the child care industry. It sets new rules for wages, benefits, and working conditions, along with additional “rights” for child care workers.

Controversially, it also bans employers from reporting or threatening to report a child care worker’s immigration status for asserting rights under the act, raising constitutional concerns.

The KTTH report says that House Bill 1128 defines any employer of child care workers, including families, as a “child care employer,” bringing private hiring arrangements under its purview. Democrats argue the bill addresses low pay and high turnover in the child care industry, aiming to improve quality and accessibility by enhancing worker protections and stability.

However, critics contend it represents a partisan takeover of the child care industry and shields illegal immigrants, even those who pose risks.

A contentious provision in the bill bars employers from reporting a child care worker’s immigration status if the worker is exercising a right created under the legislation. This could lead to retaliation claims, even long after an incident.

If a child care worker is found to be in the country illegally while invoking these rights, employers would be prohibited from reporting them to federal authorities. Critics warn this loophole could enable neglectful or abusive workers to avoid accountability, endangering children and allowing such individuals to find employment elsewhere.

The bill also raises constitutional concerns by conflicting with federal law. The Immigration Reform and Control Act requires employers to verify work authorization and prohibits hiring unauthorized workers.

A state law preventing employers from reporting illegal workers interferes with federal obligations, potentially violating the Supremacy Clause, which ensures federal law takes precedence. Critics argue this interference undermines immigration enforcement and federal authority.

Despite constitutional and safety concerns, proponents remain focused on worker protections, while opponents highlight risks to children and families. As debates continue, the bill underscores broader tensions between state policies and federal immigration law, with far-reaching implications for child care and beyond.

Tyler Durden
Tue, 01/14/2025 – 21:20

Stockman: Wildfires And The Hoary Hoax Of A Burning Planet

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Stockman: Wildfires And The Hoary Hoax Of A Burning Planet

Authored by David Stockman via The Brownstone Institute,

Here they go again, blaming the wildfire catastrophe in Los Angeles on Climate Change when the actual culprits are the very politicians who never stop howling about what is a monumental hoax.

In the first place, of course, the current raging California fires, like those which have periodically gone before, are largely a function of misguided government policies. Officials have essentially curtailed the supply of water available to LA firefighters, even as they have drastically increased the supply of combustible kindling and vegetation which feeds these wildfires. The latter, in turn, are being amplified by the seasonal Santa Ana winds, which have visited the California coast since time immemorial.

The kindling at issue stems from forest management policies that prevent the removal of excess fuel via controlled burns, which are fires intentionally set by forest managers to reduce the buildup of hazardous fuels. As we amplify below, red tape and bureaucratic obstacles have frequently delayed or prevented these controlled burns, allowing brush, dead trees, and other flammable materials to accumulate excessively.

In this case, state and Federal politicians have simultaneously curtailed the supply of water available to Los Angeles firefighters in order to protect so-called endangered species. Specifically, southern California is being held hostage by sharp curtailment of the water pumping rates from the Sacramento-San Joaquin River Delta in order to protect the Delta Smelt and Chinook Salmon.

These former are shiny but tiny little buggers, as suggested by the handful of Smelt in the first picture below. But apparently, if they are protected, fished, and then fried up, they make for a certain kind of delicacy.

Needless to say, California is entitled to stew in the foolishness of its own policies—if that’s what its voters really want. But its self-imposed misery should not be an occasion for more howling in favor of Washington policies to fight climate change.

At least with respect to the latter, the Donald has his head screwed on right. And he does not hesitate to opine on the matter, which is all to the good of balancing what has otherwise been a wholly one-sided and utterly misleading Climate Crisis narrative. Naturally, the latter has been promulgated and peddled by statists because it provides yet one more big, scary, and urgent reason for an “all of government” campaign of more spending, borrowing, regulating, and the curtailing of free market enterprise and personal liberty.

So let us once again review the bogus case for AGW or what is known as Anthropogenic Global Warming. And perforce it must start with the geological and paleontological evidence, which overwhelmingly says that today’s average global temperature of about 15 degrees C and CO2 concentrations of 420 ppm are nothing to fret about. And even if they rise to about 17-18 degrees C and 500-600 ppms, respectively, by the end of the century owing mainly to a natural warming cycle that has been underway since the end of the Little Ice Age (LIA) in 1850, it may well on balance improve the lot of mankind.

After all, bursts of civilization during the last 10,000 years uniformly occurred during the warmer red portion of the graph below. The great civilizations of the Yellow, Indus, Nile, and Tigris/Euphrates river valleys, the Minoan era, the Greco-Roman civilization, the Medieval flowering, and the industrial and technological revolutions of the present era all were enabled by periods of elevated temperatures. At the same time, the several lapses into “dark ages” happened when the climate turned colder (blue).

And that’s only logical. When it’s warmer and wetter, growing seasons are longer and crop yields are better—regardless of the agricultural technology and practices of the moment. And it’s better for human and community health, too—most of the deadly plagues of history have occurred under colder climes, such as the Black Death of 1344-1350.

Yet the Climate Crisis narrative deep-sixes this massive body of “the science” by means of two deceptive devices. Without them, the entire AGW story doesn’t have much of a leg to stand on.

First, it ignores the entirety of the planet’s pre-Holocene (last 10,000 years) history, even though the science shows that more than 90% of the time in the last 600 million years global temperatures (blue line) and CO2 levels (black line) have been higher than at present; and that 50% of the time they were much higher—with temperatures in the range of 22 degrees C or 50% higher than current levels. 

That’s far beyond anything projected by the most unhinged climate models today. But, crucially, the planetary climate systems did not go into a doomsday loop of ever increasing temperatures ending in a scorching meltdown. To the contrary, warming epochs were always checked and reversed by powerful countervailing forces.

Even the history the alarmists do acknowledge has been grotesquely falsified. As we have demonstrated elsewhere, the so-called “hockey stick” of the most recent 1,000 years in which temperatures were allegedly flat until 1850 and are now rising to supposedly dangerous levels is a complete crock. It was fraudulently manufactured by the IPCC (Intergovernmental Panel on Climate Change) to “cancel” the fact that temperatures in the pre-industrial world of the Medieval Warm Period (1000-1200 AD) were actually significantly higher than at present.

Secondly, it is falsely claimed that global warming is a one-way street in which rising concentrations of greenhouse gases (GHGs) and especially CO2 is causing the earth’s heat balance to continuously increase. The truth, however, is that higher CO2 concentrations are a consequence and byproduct, not a driver and cause, of the current naturally rising (and falling) global temperature cycles.

Again, the now “canceled” history of Planet Earth knocks the CO2-forcing proposition into a cocked hat. During the Cretaceous Period between 145 and 66 million years (third orange panel) ago a natural experiment provided complete absolution for the vilified CO2 molecule. During that period, global temperatures rose dramatically from 17 degrees C to 25 degrees C—a level far above anything today’s Climate Howlers have ever projected.

Alas, CO2 wasn’t the culprit. According to the science, ambient CO2 concentrations actually tumbled during the 80 million years expanse of the Cretaceous, dropping from 2,000 ppm to 900 ppm on the eve of the Extinction Event 66 million years ago. So temperature and CO2 concentrations actually moved in the opposite directions. Big time.

You would think that this powerful countervailing fact would give the CO2 witch-hunters pause, but that would be to ignore what the whole climate change brouhaha is actually about. That is, it’s not about science, human health, and well-being, or the survival of Planet Earth; it’s about politics and the ceaseless search of politicians and statists for control of modern economic and social life. The resulting aggrandizement of state power, in turn, is mightily assisted by the Beltway political class and the apparatchiks and racketeers who gain power and pelf from the anti-fossil fuels campaign.

Indeed, the Climate Crisis narrative is the kind of ritualized policy mantra that has been concocted over and again by the political class and the permanent nomenklatura of the modern state—professors, think-tankers, lobbyists, career apparatchiks, officialdom—in order to gather and exercise state power.

To paraphrase the great Randolph Bourne, inventing purported failings of capitalism—such as a propensity to burn too much hydrocarbon—is the health of the state. Indeed, fabrication of false problems and threats that purportedly can only be solved by heavy-handed state intervention has become the modus operandi of a political class that has usurped near complete control of modern democracy.

So doing, however, the career political class and associated ruling elites have gotten used to such unimpeded success that they have become sloppy, superficial, careless, and dishonest. For instance, the minute we get a summer heat wave or an event like the current LA fires these natural weather events are jammed into the global warming narrative with nary a second thought by the lip-syncing journalists of the MSM.

Yet there is absolutely no scientific basis for all this tom-tom beating. For instance, on the related issue of heat waves and dry period wildfires, NOAA publishes a heat wave index. The latter is based on extended temperature spikes which last more than 4 days and which would be expected to occur only once every ten years based on the historical data.

As is evident from the chart below, the only true heat wave spikes we have had in the last 125 years were during the Dust Bowl heat waves of the 1930s. The frequency of mini-heat wave spikes since 1960 is actually no greater than it was during the 1895-1935 period.

Likewise, all it takes is a good Cat 3 hurricane and they are off to the races, gumming loudly about AGW. Of course, this ignores entirely NOAA’s own data as summarized in what is known as the ACE (accumulated cyclone energy) index.

This index was first developed by the renowned hurricane expert and Colorado State University professor, William Gray. It uses a calculation of a tropical cyclone’s maximum sustained winds every six hours. The latter is then multiplied by itself to get the index value and accumulated for all storms for all regions to get an index value for the entire year. That’s shown below for the past 170 years (the blue line is the seven-year rolling average).

Your editor has an especially high regard for Professor Gray—not the least because he was roundly vilified by the very inexpert, Al Gore. But back in our private equity days, we invested in a Property-Cat company, which was in the super-hazardous business of insuring against the extreme layers of damage caused by very bad hurricanes and earthquakes. So setting the premiums correctly was no trifling business and it was the analytics, long-term databases, and current-year forecasts of Professor Gray upon which our underwriters crucially depended.

That is to say, hundreds of billions of insurance cover was then and still is being written with the ACE index as a crucial input. Yet if you examine the 7-year rolling average (blue line) in the chart, it is evident that ACE was as high (or higher) in the 1950s and 1960s as it is today, and that the same was true of the late 1930s and the 1880-1900 periods.

To be sure, the blue line is not flat as a board because there are natural short-term cycles, as amplified below, which drive the fluctuations shown in the chart. But there is no “science” extractable from the chart that supports the alleged linkage between the current natural warming cycle and worsening hurricanes.

The above is an aggregate index of all storms and is therefore as comprehensive a measure as exists. But for want of doubt, the next three panels look at hurricane data at the individual storm count level. The pink portion of the bars represent the number of big, dangerous Cat 3-5 storms, while the red portion reflects the number of lesser Cat 1-2 storms and the blue area the number of tropical storms that did not reach Cat 1 intensity.

The bars accumulate the number of storms in 5-year intervals and reflect recorded activity back to 1851. The reason we present three panels—for the Eastern Caribbean, Western Caribbean, and Bahamas/Turks and Caicos, respectively, is that the trends in these three sub-regions clearly diverge. And that’s actually the smoking gun.

If global warming was generating more hurricanes as the MSM constantly maintains, the increase would be uniform across all of these sub-regions, but it’s clearly not. Since the year 2000, for example,

  • The Eastern Caribbean has had a modest increase in both tropical storms and higher rated Cats relative to most of the past 170 years;

  • The Western Caribbean has not been unusual at all, and, in fact, has been well below the higher counts during the 1880-1920 period;

  • The Bahamas/Turks and Caicos region since 2000 has actually been well weaker than during 1930-1960 and 1880-1900.

The actual truth of the matter is that Atlantic hurricane activity is generated by atmospheric and ocean temperature conditions in the eastern Atlantic and North Africa. Those forces, in turn, are heavily influenced by the presence of an El Nino or La Nina in the Pacific Ocean. El Niño events increase the wind shear over the Atlantic, producing a less favorable environment for hurricane formation and decreasing tropical storm activity in the Atlantic basin. Conversely, La Niña causes an increase in hurricane activity due to a decrease in wind shear.

These Pacific Ocean events, of course, have never been correlated with the low level of natural global warming now underway.

The number and strength of Atlantic hurricanes may also undergo a 50–70-year cycle known as the Atlantic Multidecadal Oscillation. Again, these cycles are unrelated to global warming trends since 1850.

Still, scientists have reconstructed Atlantic major hurricane activity back to the early 18th century (@1700) and found five periods with elevated hurricane activity averaging 3–5 major hurricanes per year and lasting 40–60 years each; and six other more quiescent periods averaging 1.5–2.5 major hurricanes per year and lasting 10–20 years each. These periods are associated with a decadal oscillation related to solar irradiance, which is responsible for enhancing/dampening the number of major hurricanes by 1–2 per year, and clearly not a product of AGW.

Moreover, like in so many other cases the very long-term records of storm activity also rule out AGW because there was none for most of the time during the last 3,000 years, for instance. Yet according to a proxy record for that period from coastal lake sediments on Cape Cod, hurricane activity has increased significantly during the last 500-1,000 years versus earlier periods–but even that increase happened long before temperatures and carbon concentrations reached 20th-century levels.

In short, there is no reason to believe that these well understood precursor conditions and longer-term hurricane trends have been impacted by the modest increase in average global temperatures since the LIA ended in 1850.

As it happens, the same story is true with respect to wildfires like the current LA inferno. This has been the third category of natural disaster that the Climate Howlers have glommed onto. But in this case it’s the aforementioned bad forestry management, not man-made global warming, which has turned much of California into a dry wood fuel dump.

And don’t take our word for it. This quotation below comes from the George Soros-funded Pro Publica, which is not exactly a right-wing tin foil hat outfit. It points out that environmentalists have so shackled Federal and state forest management agencies that today’s tiny “controlled burns” are but an infinitesimal fraction of what Mother Nature herself accomplished before the helping hand of today’s purportedly enlightened political authorities arrived on the scene:

Academics believe that between 4.4 million and 11.8 million acres burned each year in prehistoric California. Between 1982 and 1998, California’s agency land managers burned, on average, about 30,000 acres a year. Between 1999 and 2017, that number dropped to an annual 13,000 acres. The state passed a few new laws in 2018 designed to facilitate more intentional burning. But few are optimistic this, alone, will lead to significant change. 

We live with a deathly backlog. In February 2020, Nature Sustainability published this terrifying conclusion: California would need to burn 20 million acres — an area about the size of Maine — to restabilize in terms of fire.

In short, if you don’t clear and burn out the deadwood, you build up nature-defying tinderboxes that then require only a lightning strike, a spark from an unrepaired power line, or human carelessness to ignite into a raging inferno. As one 40-year conservationist and expert summarized,

 …There’s only one solution, the one we know yet still avoid. “We need to get good fire on the ground and whittle down some of that fuel load.”

The failure to do just such controlled burns is exactly what is behind the LA wildfire today. That is, a dramatically larger human footprint in the fire-prone shrublands and chaparral (dwarf trees) areas along the coasts has increased the risk residents will start fires, accidentally or otherwise. California’s population doubled from 1970 to 2020, from about 20 million people to nearly 40 million people, and nearly all of the gain was in the coastal areas.

Under those conditions, California’s strong, naturally-occurring winds, which crest periodically, as is occurring at the moment, are the main culprit which fuels and spreads the human-set blazes in the shrublands. The Diablo winds in the north of the state and the Santa Ana winds in the south can actually reach hurricane force, as has also been the case this week. As the winds move West over California mountains and down toward the coast, they compress, warm, and intensify.

These winds, in turn, blow flames and carry embers, spreading the fires quickly before they can be contained. And on top of that, the Santa Ana winds also function as Mother Nature’s blow dryer. As they come down the mountains toward the sea, the hot winds dry the surface vegetation and deadwood rapidly and powerfully, paving the way for the blowing embers to fuel the spread of wildfires down the slopes.

Among other proofs that industrialization and fossil fuels aren’t the culprit is the fact that researchers have shown that when California was occupied by indigenous communities, wildfires would burn up some 4.5 million acres a year. That’s nearly 6X the level experienced during the 2010-2019 period, when wildfires burned an average of just 775,000 acres annually in California.

Beyond the untoward clash of all of these natural forces of climate and ecology with misguided government forest and shrubland husbandry policies, there is actually an even more dispositive smoking gun, as it were.

To wit, the Climate Howlers have at least not yet embraced the patent absurdity that the planet’s purportedly rising temperatures have targeted the Blue State of California for special punishment. Yet when we look at the data for forest fires we find, alas, that unlike California and Oregon, the US as a whole experienced the weakest fire years in 2020 since 2010.

That’s right. As of August 24 each year, the 10-year average burn had been 5.114 million acres across the US, but in 2020 it was 28% lower at 3.714 million acres.

National fire data year to date:

Indeed, what the above chart shows is that on a national basis there has been no worsening trend at all during the decade ending in 2020, just huge oscillations year-to-year driven not by some grand planetary heat vector but by changing local weather and ecological conditions.

You just can’t go from 2.7 million burned acres in 2010 to 7.2 million acres in 2012, back to 2.7 million acres in 2014, then to 6.7 million acres in 2017, followed by just 3.7 million acres in 2020—and still argue along with the Climate Howlers that the planet is angry.

To the contrary, the only real trend evident is that on a decadal basis during recent times there is just one place where the average forest fire acreage has been slowly rising—California!

But that’s owing to the above described dismal failure of government forest management policies. Even then, California’s mildly rising average fire acreage trend since 1950 is a rounding error compared to the annual averages from prehistoric times, which were nearly 6X greater than during the most recent decade.

Furthermore, the gently rising trend since 1950, as shown below, should not be confused with the Climate Howlers’ bogus claim that California’s fires have “grown more apocalyptic every year,” as the New York Times reported.

In fact, the NYT was comparing the above average burn during 2020 versus that of 2019, which saw an unusually small amount of acreage burned. That is, just 280,000 acres in 2019 compared to 1.3 million and 1.6 million in 2017 and 2018, respectively, and 775,000 on average over the last decade.

Nor is this lack of correlation with global warming just a California and US phenomena. As shown in the chart below, the global extent of fire-causing drought, measured by five levels of severity with dark brown being the most extreme, has shown no worsening trend at all during the past 40 years.

Global Extent of Five Levels Of Drought, 1982-2012

This brings us to the gravamen of the case. To wit, there is no angry weather signal of impending climate crisis whatsoever. But the AGW hoax has so thoroughly contaminated the mainstream narrative and the policy apparatus in Washington and capitals all around the world that contemporary society was fixing to commit economic Hara Kari—well, until Donald Trump came along vowing to pull the entire Team America off the playing field of global green nonsense.

And for damn good reason. In contradistinction to the phony case that the rise of fossil fuel use after 1850 has caused the planetary climate system to become unglued, there has been a sharp acceleration of global economic growth and human well-being. And one essential element behind that salutary development has been the massive increase in the use of cheap fossil fuels to power economic life.

The chart below could not be more dispositive. During the pre-industrial era between 1500 and 1870, global real GDP crawled along at just 0.41% per annum. By contrast, during the past 150 years of the fossil fuel age global GDP growth accelerated to 2.82% per annum–or nearly 7 times faster.

This higher growth, of course, in part resulted from a larger and far healthier global population made possible by rising living standards. Yet it wasn’t human muscle alone that caused the GDP level to go parabolic as per the chart below.

It was also due to the fantastic mobilization of intellectual capital and technology. And one of the most important vectors of the latter was the ingenuity of the fossil fuel industry in unlocking the massive trove of stored work that Mother Nature extracted, condensed, and salted away from the incoming solar energy over the long warmer and wetter eons of the past 600 million years.

Needless to say, the curve of world energy consumption tightly matches the rise of global GDP shown above. Thus, in 1860 global energy consumption amounted to 30 exajoules per year and virtually 100% of that was represented by the blue layer labeled “bio-fuels,” which is just a polite name for firewood and the decimation of the forests which it entailed.

Since then, annual energy consumption has increased 18-fold to 550 exajoules (@100 billion barrels of oil equivalent), but 90% of that gain was due to natural gas, coal, and petroleum. The modern world and today’s prosperous global economy would simply not exist absent the massive increase in the use of these efficient fuels, meaning that per capita income and living standards would otherwise be only a small fraction of current levels.

Yes, that dramatic increase in prosperity-generating fossil fuel consumption has given rise to a commensurate increase in CO2 emissions. But as we have indicated, and contrary to the Climate Crisis narrative, CO2 is not a pollutant!

As we have seen, the correlated increase in CO2 concentrations—from about 290 ppm to 415 ppm since 1850—amounts to a rounding error in both the long trend of history and in terms of atmospheric loadings from natural sources.

As to the former, CO2 concentrations of less than 1000 ppm are only recent developments of the last ice age, while during prior geologic ages concentrations reached as high as 2400 ppm.

Likewise, the oceans contain an estimated 37,400 billion tons of suspended carbon, land biomass has 2,000-3,000 billion tons, and the atmosphere contains 720 billion tons of CO2 or 20X more than current fossil emissions shown below. Of course, the opposite side of the equation is that oceans, land, and atmosphere exchange CO2 continuously so the incremental loadings from human sources is very small.

More importantly, even a small shift in the balance between oceans and the atmosphere would cause a much more severe rise/fall in CO2 concentrations than anything attributable to human activity. But since the Climate Howlers falsely postulate that the pre-industrial level of 290 parts per million was extant since the Big Bang and that the modest rise since 1850 is a one-way ticket to boiling the planet alive, they obsess over the “sources versus sinks” balance in the carbon cycle for no valid reason whatsoever.

Actually, the continuously shifting carbon balance of the planet over any reasonable period of time is a big, so what!

*  *  *

Reposted from Stockman’s personal service

Tyler Durden
Tue, 01/14/2025 – 20:55