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Author: BandonDunes   😊 😞
Number: of 15055 
Subject: Chris Wright/BHE
Date: 11/18/2024 11:13 AM
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Anyone out there have an opinion on what effect new Energy Secretary elect Chris Wright will have on BHE? He seems to be big on fossil fuel but not so much on wind and solar. I believe BHE has a very substantial operation in solar and wind with significant government subsidies, and/or incentives. I can't imagine his appointment was very well received at BHE HQ but I know there are many on this board who are much more informed than yours truly.
Thanks.
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Author: rayvt 🐝  😊 😞
Number: of 15055 
Subject: Re: Chris Wright/BHE
Date: 11/18/2024 12:46 PM
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I think that wind & solar will soon will be ditched as reality comes into clash with dreams.

For example: https://pipelineonline.ca/200-megawatt-bekevar-win...

"200 megawatt Bekevar Wind Energy Facility joins Saskatchewan grid, produces less than a phone charger on opening day" Nov 16, 2024


"On the day that SaskPower announced the addition of the new 200 megawatt Bekevar Wind Energy Facility to the grid, output at that wind farm totally died. It happened not just at Bekevar, but across the southern prairies.
That evening, Alberta’s 48 wind farms totaling a theoretical maximum output of 5,340 megawatt produced between 0 and five megawatts for at least three hours
"
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Author: OrmontUS 🐝🐝  😊 😞
Number: of 15055 
Subject: Re: Chris Wright/BHE
Date: 11/18/2024 2:29 PM
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I have a suspician that China's approach to non-fossil electrical generation is far less politically motivated and more pagmatic than the US approach. I remember going down the Yangze River decades ago and marveling at the, yet to be complete Three Gorges Dam project. They displaced over a million people by submerging nearly a hundred large towns and cities - and built replacement cities. They killed off a few endangered species and ended up closing a dozen fossil fuel generating plants. OK, granted that (politically) a project of that scope couldn't be duplicated in the US, but as an interesting rubuttal to the inability of solar/wind to move the needle:

https://www.cnn.com/2024/11/18/climate/climate-chi...

Chinese solar is now expanding so fast that by the early 2030s, the country will generate more power from the sun than the amount of electricity the US will consume altogether, according to the International Energy Agency.

China is also leading the world in exporting solar panels around the globe — with the majority going to Europe and noticeable growth in Africa. The US, meanwhile, has put restrictions on Chinese solar imports due to forced labor concerns, and is focusing on building out its own domestic supply chain for solar.

While many Western nations make ambitious climate reduction targets only to miss them, China has a tendency to under-promise and over-perform, said John Podesta, White House senior advisor for international climate policy.

The country has 339 gigawatts of utility-scale wind and solar capacity currently under construction, which is two-thirds of the resources currently being built worldwide.

Jeff


It’s tough to forecast exactly when China’s emissions will peak, or if they already have. Recent independent analysis by UK-based climate website Carbon Brief found China’s emissions fell by 1% earlier this year, the first time the country registered an emissions decline since Covid-19 shuttered its economy.

Experts also say it’s too soon to say whether this drop is evidence of a sustained trend. And a 1% drop is not nearly enough to hit the Chinese government’s own climate targets for next year.

But what’s clear is a fundamental shift is underway in China’s economy. As China’s post-Covid infrastructure boom has slowed, so too has demand for heavy industry materials like cement and steel. Manufacturing of solar panels and electric vehicles, meanwhile, is ramping up.

Jeff

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Author: mungofitch 🐝🐝🐝🐝 SILVER
SHREWD
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Number: of 15055 
Subject: Re: Chris Wright/BHE
Date: 11/18/2024 2:38 PM
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I think that wind & solar will soon will be ditched as reality comes into clash with dreams...
"On the day that SaskPower announced the addition of the new 200 megawatt Bekevar Wind Energy Facility to the grid, output at that wind farm totally died. It happened not just at Bekevar, but across the southern prairies.


Wow, breaking news that sometimes the wind doesn't blow. Who would ever have guessed?!

Of course, presumably they'll publish another SHOCKING article the first day that the wind does blow, totally overturning the entire history to date (one day) that it didn't.


Seriously, folks, everybody knows that sometimes it's not sunny (though sometimes it is), and sometimes it's not windy (though sometimes it is).
There is a mix, and that fact is baked into the economic analysis at the time of deciding to build a wind or solar array.

It's like noting that the stock market was down today, so obviously it can never go up.

Jim
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Author: DTB   😊 😞
Number: of 15055 
Subject: Re: Chris Wright/BHE
Date: 11/18/2024 2:40 PM
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Anyone out there have an opinion on what effect new Energy Secretary elect Chris Wright will have on BHE? He seems to be big on fossil fuel but not so much on wind and solar. I believe BHE has a very substantial operation in solar and wind with significant government subsidies, and/or incentives. I can't imagine his appointment was very well received at BHE HQ

I think Buffett has been pretty clear that wind power developments by BHE make sense if and only if there are big government subsidies. Those may very well disappear, but contracts already signed are likely to be honoured, so I doubt that would hurt the numerous projects already online. BHE (and Occidental and Chevron of course) will do fine with a greater focus on fossil fuels.

And perhaps more importantly, a more market friendly regulator may make it possible for BHE to make huge investments in generation and transmission infrastructure, which is a destination for capital that I think Berkshire probably looks forward to.

dtb
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Author: weatherman   😊 😞
Number: of 15055 
Subject: Re: Chris Wright/BHE
Date: 11/18/2024 6:03 PM
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seems he was aware of the DoE and has a substantial technical background...which itself means he may accidentally be the most qualified trump candidate ever.

on the other hand, i look for him to lean specifically towards his financial interests, mostly fossil but also nuclear SMR.
(so you may want to ease up on competing designs regardless of how superior)

in a tuggle of overall climate science versus grift, i would have to lay odds on the latter in MAGA land.
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Author: Engr27   😊 😞
Number: of 15055 
Subject: Re: Chris Wright/BHE
Date: 11/19/2024 10:27 PM
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I think that wind & solar will soon will be ditched as reality comes into clash with dreams.

I just returned from a week in Wyoming, the state that produces the most coal. I drove over 1000 miles and for about 700 of those miles there was a wind farm in view. And, strangely, it is windy there most of the time.
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Author: rayvt 🐝  😊 😞
Number: of 15055 
Subject: Re: Chris Wright/BHE
Date: 11/20/2024 9:35 AM
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I just returned from a week in Wyoming, the state that produces the most coal. I drove over 1000 miles and for about 700 of those miles there was a wind farm in view.

We have done an annual round trip drive between Memphis and Albuquerque on I40.
For a long stretch, but not 700 miles, there is a wind farm. Never seen more than a few dozen turning.

The problem is, the electricity is needed when it is needed, regardless of when the wind happens to blow. Same for solar.

The are major transmission losses when moving electricity long distances, so wind power in Wyoming doesn't do Dallas any good.
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