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If you look in Europe as well, the nations with the most with the

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highest electricity prices are the ones that
have the most wind and solar, so

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it's not cheaper. So the first
one is cost. The second one is

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blackout. Since we've talked about we're
going to see more of those. The

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third impact of the green breakdown is
a reduction of personal choice, if you

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will, forced adoption of electric force, adoption of appliances, and then the

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00:00:22,719 --> 00:00:27,079
last I call transnational energy shocks like
we've seen in Europe in the last two

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00:00:27,160 --> 00:00:32,520
years. You're listening to Carrie Letz's
Financial Survival Network, where you get valuable

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00:00:32,560 --> 00:00:38,000
information you just can't find anywhere else
to thrive in today's trying times. You

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00:00:38,200 --> 00:00:44,719
need the Financial Survival Network now more
than ever. Go to Financial Survivalnetwork dot

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00:00:44,759 --> 00:00:51,520
com and get your free newsletter and
gift. Financial Survival Network now more than

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00:00:51,560 --> 00:00:59,719
ever, and welcome. You aren't
listening to and watching the Financial Survival Network.

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00:01:00,039 --> 00:01:04,079
I am your host Carrie Let's Happy
twenty twenty four eight. It's been

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chilly here in Florida. If the
climate's getting warmer, they didn't tell us

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about it, but hey, the
good news is that with a stroke of

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the magic wand pretty soon you will
be driving an EV whether you want to

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or not. Well, Steve Gore
is here with us now, Steve noted

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EV and just noted skeptic, shall
we say about climate and all other things.

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Steve, great to have you back
on the show. So what is

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going on here with our president and
climate change and getting rid of the gasoline

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powered vehicles, getting rid of full
fired power plants. Are we just going

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to live like in a nuclear desert? Well, we just said COP twenty

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eight. Great to join you,
Carrie, Happy New Year. We just

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had the COP twenty eight about a
month ago, twenty eighth conference of the

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Parties. Eighty thousand people came to
Dubai, United Arab Emirates and just about

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all of those folks flew in.
Too many people live in the UAE with

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their private jets and they're a commercial
aircraft. For each a pound of jet

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fuel you burn, you emit three
pounds of carbon dioxide. And so CUP

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twenty eight, the United Nations Climate
Conference was literally the biggest carbon dioxide emitting

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event of the year. Oh that's
nice to know, but yeah, but

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they're really not having much of an
effect on either a global temperatures or the

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use of coal, oil, and
natural gas fuels, which continue to be

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about eighty percent of global energy use. So what is it they're really doing

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here, Because you know, it's
like, if you remember, prior to

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World War One, European governments passed
the law outlawing war and we all know

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how well that worked out. Is
this kind of the same thing here,

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Yeah, it's a little bit crazy. The folks there want to get rid

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of coal, oil and natural gas. Fativol, the Executive director of the

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International Energy Agency, said in May
twenty twenty one, if governments are serious

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about the climate crisis, there can
be no new investments in oil, gas

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and coal from now from this year, And the delegates at COP twenty eight

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actually signed a agreement saying that we
would phase out coal, oil, and

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natural gas, so called fossil fuels. Our Climate Envoy John Kerrey actually called

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for an elimination of all coal fired
power plants around the world. There are

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about sixty five hundred coal firepower units
in the world today, about one thousand

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are in planning or in building,
and it's just a remarkable statement, very

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callous. Reminds me of Marie Antoinette's
let them e cake the poor people.

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Thirty five percent of the world's electricity
today is generated by coal fired power plants,

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and yet we have a shortage of
electricity around the world. We have

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about seven hundred million people that don't
have access to electricity and another two billion

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that have blackouts or brownouts every day
or every other day. And if we

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were eliminating all the coal fire power
plants, these folks just wouldn't have electricity.

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So it's a crazy statement in many, many ways. The great news

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is that we're we're putting scrubbers on
plants and around the world, we're eliminating

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pollution from coal fired plants. But
the idea that we're going to stop these

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seas from rising if we get rid
of all coal fired power plants, that

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is a modern superstition. Well,
you know, Steve, when I was

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a kid, everyone was crying about
acid rain coming up all fired power plants.

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So they went and invested hundreds of
millions of dollars these scrubbers. They're

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really expensive. So now there's no
more yellow coming out sulfur dioxide. I

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haven't heard any measured thing rain in
decades. Now. They moved the gold

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Posts and said you got to get
rid of the carbon dioxide, which you

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and I both know is impossible.
Yeah, it really is impossible. It's

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but one thing about acid rain eight. They hit all these lakes in the

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eastern United States and in Europe and
places, and they said this was due

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to silver dioxide coming out of our
power plants. But after we we basically

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eliminated it in the United States at
sawmore in seventy or eighty percent, they

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found that the acidity of the lakes
really didn't change. It was due to

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other natural natural factors. But you're
right, the world's on a quest to

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get to zero by twenty fifty,
at least the wealthy part of the world,

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the United States, Europe, Canada, New Zealand, Australia and a

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few other nations. That is is
beyond a rew goal. That's an impossible

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dream. We emit carbon dioxide in
everything we do. It is not going

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to be something that's eliminated. And
that's why my book Green Breakdown says that

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this push for renewable energy, this
push for it as there, is going

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to break down over the next decade
or two and people are going to get

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back to demanding low cost, reliable
energy and reducing real pollution but not carbon

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dioxide. All right, So it
just amazes me how naive people are,

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because you know, when we don't
have electric in the midst of a huge

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snowstorm or a heat wave, people
die, don't they do? They do?

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Yeah, it can be very serious, and particularly we've seen it in

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the February twenty twenty one disaster in
Texas. Four and a half or five

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million people did not have electricity for
three days. We had somewhere between two

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hundred and seven hundred people die during
that thing. That's much more than a

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major hurricane. And you know,
we seem to be on a trend to

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make everything electric. We're going to
make our cars electric, and we're going

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to make our cooking electric. So
if the power goes off, not only

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your lights are going to be out, but you won't be able to drive

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your car, you won't be able
to cook your food. And we are

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trending towards a weakening electric grid.
Data from the US Department of Energy says

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that back in about ten years ago
twenty thirteen fourteen, we had an average

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outage of about three and a half
hours a year for each electrical user.

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But now that's up to six,
seven or eight hours a year over the

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last three years. So we've more
than doubled the average outage time. I'm

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talking about accumulative outage for the year, and it's going to get worse and

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worse as we put in more intermittent
wind and solar. So what are they

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thinking, Well, people are going
to learn the hard way, fortunately,

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and there's there's papers coming out of
our electricity industry all the time saying that

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we're going to have problems in the
next year or two. In Texas this

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last year, they didn't have outages, but they issued ten electricity shortage alerts

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in August and September. They said, don't plug in your electric vehicle,

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don't run your air conditioner. We
don't have enough electricity. And that is

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really the wrong trend. And the
more more we pushed these renewables, the

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more problems we're going to have.
Yeah. So look, I mean,

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I'm a big electric car person,
but not for any of the perceived environmental

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benefits or whatever. I think.
In the case of Tesla, they've they've

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effectively built a better mouse trap the
car. Really driving experience, technology,

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safety is just superior to normal car
in every way and accept except that,

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maybe I've got to say except range. All right, I'll choose with range,

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but not as much with the Tesla
as with other cars. And what

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else I don't know. Well,
Tesla has been amazing. They have really

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cool, cool, fast cars,
and we've in tremendous advances in lithium ion

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batteries enabling it. But there are
still some issues. Cold weather in the

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north is a problem. If you
get down to about ten degrees Fahrenheits,

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you have to have a heated garage
to charge your car. Insurance is an

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issue too. The figures say,
I think that that electric car users pay

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about seventy percent more for insurance that
I look of us an engine car.

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So very still there, it's it's
still is kind of a upper class kind

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of a thing. And as it
comes as a comes down, it'll penetrate

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markets more and more. But but
right now the market's having a little bit

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of a problem. There's a lot
of the inventory's are ray up about it,

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about three hundred percent for Ford and
GM, they have decided to slow

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down some models. And hey,
I'm not I'm not anti electric vehicle.

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I just don't think governments ought to
be forcing everybody to get it on the

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path, the path we're headed for. Uh less that the market take its

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path and eventually we'll get there.
If that better, But to go if

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it makes sense, right, Yeah, I mean I love it, but

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yeah, forget it. When it
comes to cost of repairs, it's double.

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The insurance is fifty percent higher.
Well, so whatever I save in

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energy costs for gasoline, it's made
up for in those other things. Plus

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you got like subscription fees and stuff
that you don't have on a regular car.

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But look it go. Hey,
you know that these people don't care

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about that. I will also mention
that the you know that the idea that

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you could just mandate these things and
everybody's going to go just doesn't happen.

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But the reason why Ford, GM
and Audi and others are failing is because,

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look, it still is a cutting
edge technology product. Nobody wants to

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be on the bleeding edge of technology
in order to make people give up their

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current thing, which is working fine
in their opinion, in your opinion,

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then you've got to add some amazing
benefits. No other car company but Tesla

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does that. Perhaps by D will
follow them. Up, but Tesla is

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doing it otherwise, these cars are
really inferior to what these companies are offering

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now, and that's why they're failing. Weather In terms of overall driving experience,

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there's still way ahead, no doubt
about that anyway. And another big

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thing about with this electricity is to
put all these evs on the road,

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we have to get our grid power
cranked up. And they're also talking about

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getting rid of gas powered stoves,
gas appliances, and according to a study

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by the New England Independent System Operator, that takes as much electricity as well

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as adding electric cars. So there's
really going to be a big demand.

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And at the same time, we're
going to shut down all the cold plants

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and a lot of the nuclear plants. You know, we're really coming in

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the wrong direction in many ways.
Yeah, it's crazy, so but you

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know in the end, what's going
to sync this is it's just not affordable.

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Right. Well, there's four impacts
I think of the breakdown. One

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is electric prices, and I often
show a chart when I present that shows

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the top twelve wind states in the
United States, and eight of those twelve

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states have prices that are rising faster
than the national average because you have to

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back up the wind systems and you
also have to build transmission out to remote

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areas. California is an example as
well. California's electricity rates are double any

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Western state right now, Green California, and they're going to go much much

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higher. If you look in Europe
as well, the nations with the highest

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electricity prices are the ones that have
the most wind in solar, so it's

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not cheaper. So the first one
is cost, the second one is blackout.

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Since we've talked about we're going to
see more of those. The third

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impact of the green breakdown is a
reduction of personal choice, if you will,

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forced adoption of electric forced adoption of
appliances. And then the last I

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call transnational energy shocks like we've seen
in Europe in the last two years.

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Their electricity prices are up three times
as high as they wear three years ago,

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and their natural gas prices up two
and a half times, and so

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they've had a real problem. They've
had a drop and standard of living in

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Europe. They've told people in England
to stop bathing to save energy, or

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to to shower with a friend.
But it's kind of sad they have people

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putting up a newspaper on the inside
of their windows to try and insulate their

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houses because they're getting energy bills that
are the two thousand pounds over the winter.

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I mean, they're very expensive.
So and a lot of this is

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based on the big push for renewables. So these things are going to force

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people to get back to what's sensible. And in any case, they're not

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going to have a measurable effect on
the climate, which is dominated by natural

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factors. Not what we're doing with
our cars at our industry right could not

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agree with you more, all right. So eventually though, we're going to

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understand that these things it's just not
affordable. We can't do it, can

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we. Yeah, I think it's
going to be very, very tough.

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Another answer, batteries are not the
as well. They're talking about grid scale

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batteries for a lot of this stuff. But if you look at the cost

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of batteries to back up a wind
system for a whole day, the batteries

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to do that require five times as
much as the wind system itself, and

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then the only last half as long. So you're really talking in a ten

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to one factor, ten times as
expensive as the wind or solar system is

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the cost of the batteries, So
that's not going to work very well.

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By the way, we got another
little issue too with these lithium batteries.

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You know what, I guess the
biggest cause of fires is in New York

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City right now. Yeah I heard
that. Yeah, e bikes are blowing

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up fighting batteries. Yeah, they've
had a couple of hundred fires in the

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last couple of years and a lot
of people injured. And this is happening

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all over the world, Australia,
many other major cities. These lithium batteries

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have this bit side effect. By
the way, if a car catch is

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on fire now in Europe, what
they're doing is they pick up an evy

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that's on fire and they try and
put it into a big tank of water

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because they can't put it off any
other way. So we need to get

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you know, we need to get
the improvements going along. We need to

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get better safety and a lot of
other things totally do And yeah, so

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what's it going to take for the
world to come to its collective senses here

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other than people dying, which they
don't seem to care about at all.

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Yeah, No, I predicted this
breakdown ten years in the row, in

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the future. But we're starting to
see some of this already. If you

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look off the east coast, about
half of the wind systems have pulled out.

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To put wind systems off the east
coast along New Jersey and Massachusetts,

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New York. They can't afford the
cost of doing it at the prices that

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they quoted. In England, they
just did an auction for Onshore wind and

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they had no bidders, so they
got to raise the prices. They're going

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to allow them to generate electricity at
a Zeeman's Wind just got bailed out in

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Germany. Ten billion euros was the
bailout from the German government because their system

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is failing. We have, as
we talked about, the ev breakdown a

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little bit, and then then the
electric u rather the renewable energy companies have

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been have their stocks have been falling
for the last three years. Now.

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You can go look at the Renix
index r E n I execs and that's

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been down for the last three years. So, uh, we're starting to

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see a problem with these renewable systems, despite the fact that governments are pushing

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them so heavily. Yeah, okay, so you know but it doesn't seem

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like the people. Are the people
of the world patching onto this steed.

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If you're a homeowner, automobile owner, whatever business are, they are they

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waking up to this reality slowly.
I think that's that real fast. Right

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now, we still have many,
many places saying they're going green, but

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we're going to see more and more
problems. One of the things that's occurring

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though, is putting out up all
as wind and solar requires vast amounts of

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land, and we're starting to see
this being opposed in places like Michigan and

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Ohio and other places. People don't
want to pay for it. They don't

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want the land to be taken up
by these systems. See Robert Bryce tracks

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these rejections of renewable systems, and
that's been rising quite a bit over the

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last few years. So it's getting
tougher and tougher for these things to be

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deployed. And the goal of fifty
eighty or one hundred percent renewable is far

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far out of reach. All right, Well, so maybe the world is

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going to come to it. Sens
is, Hey, we want to read

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your work, We want to find
out more about you, Steve, Where

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do you go to get the latest
from Steve. Right so, my books

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00:18:55,640 --> 00:18:59,720
The Mad Mad Mad World of Climatism, Green Breakdown, The Coming Renewable Energy

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00:18:59,759 --> 00:19:04,160
Fail. I think you get signed
copies of those from my website Steve Gorham

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00:19:04,240 --> 00:19:11,160
G O R E H A M
dot com. They're also on Amazon and

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there are ebooks available as well.
As a matter of fact, Green Breakdown

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was a number one in the energy
policy category last week. It jumps up

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and down, but it's doing pretty
well. So you know, if people

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are worried about that solar farm next
to them, or the wind system in

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the next county, or losing their
gas stove or their gasoline car, they

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really should read this book and push
back on their leaders. All right,

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Well that's a good thing. Hey, you've got a question for Steve myself

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kl at Carrie lets dot com.
The link to Steve's site is on our

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00:19:41,039 --> 00:19:45,960
site, Financial Survival Network dot com. Go there, pick that link.

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While you're there, subscribe to our
newsletter. Steve. Always a pleasure.

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Thanks for stopping by. Until the
next time, Carrie, Thanks for listening

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00:19:52,960 --> 00:20:00,279
to Carrie Letz's Financial Survival Network your
solution to today's trying times. For the

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00:20:00,400 --> 00:20:07,480
latest, go to Financial Survivalnetwork dot
com Financial Survival Network now more than ever,