Inexperienced Renewable Power – Pop or Flop – Mineral Royalties
Recently, many have said the current energy crisis is pushing the transition to Renewable Energy.
It could be that the energy crisis might be pushing the transition in the opposite direction for several reasons.
* Germany is tearing down a wind farm and a small town to get to the coal beneath the surface.
* Last year coal usage was the most in recorded history.
* China is building more coal-burning power plants than the rest of the world is decommissioning.
* Germany & other EU countries are building LNG ports as quickly as possible.
* The USA is building LNG export ports as quickly as we can.
* Manufacturers are leaving EU countries for countries with less or no intermittent energy mandates.
* We are now learning more about the lack of raw materials to meet the future goals many countries & some US States are touting.
* There are reports the world needs over 100 new hard rock mines that require billions of dollars invested, require many years to build and are harmful to the environment.
* We must also address the inability to recycle all the batteries, solar panels and wind turbines that are becoming a toxic environmental disaster.
The tragic Russia-Ukraine war may have been the proverbial “straw that broke the camel’s back” which may have accelerated today’s energy crisis. I do not see a push to renewables but a push to what works which is more Coal, Natural Gas and Oil.
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This video is meant for educational or entertainment purposes only. This video is not a solicitation. I am not a lawyer, CPA or financial advisor and I am not giving legal, financial or tax advice.
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