2021-02-18 GloBULL Freezing Stupidity
The Market Ticker - Commentary on The Capital Markets
Logging in or registering will improve your experience here
Main Navigation
Full-Text Search & Archives

Legal Disclaimer

The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.

NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.

The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.


Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.

The Market Ticker content may be sent unmodified to lawmakers via print or electronic means or excerpted online for non-commercial purposes provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media, to republish full articles, or for any commercial use (which includes any site where advertising is displayed.)

Submissions or tips on matters of economic or political interest may be sent "over the transom" to The Editor at any time. To be considered for publication your submission must include full and correct contact information and be related to an economic or political matter of the day. All submissions become the property of The Market Ticker.

Considering sending spam? Read this first.

2021-02-18 16:05 by Karl Denninger
in Podcasts , 288 references Ignore this thread
2021-02-18 GloBULL Freezing Stupidity
[Comments enabled]

https://www.bitchute.com/video/JQKF7F8mwqwT/

The utter insanity of the so-called "woke" and "green" crowd is why, in no small part, there are widespread power and natural gas shortages.  This is not being discussed but we took what was a very reliable system and moved the radius of failure from the fence around the facility to a radius of a hundred miles or more.

It's not like there will ever be an ice storm or similar that knocks down power lines or freezes windmills and solar panels, right?

And don't run any bull**** about them not replacing the fuel-driven compressors with electrically-driven ones (oh yes they have!) or you have to explain this, which by self-admission did happen,

Texas Eastern Transmission (Tetco) declared a force majeure as a result of a loss of power at its Thomaston compressor station.

along with here.

And pumps use electricity, so they’re not even able to lift that gas and liquid, because there’s no power to produce.

You don't happen to have anything handy you could use to produce power and heat at the point of useright?  Oh, you do but for greenie reasons -- like hiding the carbon emissions a hundred miles away instead of keeping the entire thing inside your fence -- you're not?

BTW there is plenty of natural gas in storage all over Texas.  More than anywhere else I've been able to find. All of it in storage is worthless if you have electrically powered pumps and you'd like to use it to run a power plant -- but the power is off.

DESIGNING AND BUILDING SYSTEMS THAT CAN AND WILL EAT THEIR OWN TAIL UNDER STRESS IS STUPID.

Go to responses (registration required to post)
 

 
Comments.......
User: Not logged on
Login Register Top Blog Top Blog Topics FAQ
Showing Page 1 of 2  First12Last
User Info 2021-02-18 GloBULL Freezing Stupidity in forum [Market-Ticker]
Greenacr
Posts: 212
Incept: 2016-03-15

Northern Ohio
Report This As A Bad Post Add To Your Ignored User List
Forest Gump put it succinctly..... "Stupid is as Stupid does"
Krzelune
Posts: 9106
Incept: 2007-10-08

Report This As A Bad Post Add To Your Ignored User List
Quote:
WAKE THE HELL UP


I laughed for a good 5 minutes after that.
Wayiwalk
Posts: 71
Incept: 2016-11-09

New Yersey
Report This As A Bad Post Add To Your Ignored User List
"the reliability of the system was secondary"

Something tells me that we'll see that holding true more and more often across all systems that involve human skills/activity/thinking as we continue to hire/promote based on one's "group ID" rather than merit.

The recent failures in the Navy (ships colliding) come to mind as an obvious example.

----------
The Lockdowns Will Continue Until the Morale Improves!
Crazymike
Posts: 146
Incept: 2010-07-21

Gainsville, TX
Report This As A Bad Post Add To Your Ignored User List
This, more than anything, has proven to my wife I was right. All the 'prep' stuff I did paid handsomely.

We had power for the whole thing, water to drink, food on hand and gasoline to fuel the cars with.

We had net via sat link and radios (CB, FRS etc) for coms when the phone system when down.

We even had weapons when I went out to help a friend, people were desperate and I had to draw TWICE.

But hey...I'm paranoid RIGHT? I have it on official authority this would NEEEEVERRRR EEEEVVVEEERR happen, RIGHT?!?


----------
"The fall of people, groups and nations has not been from plague, famine, war, depression or any great calamity..their fall can be traced to one thing...they started to believe their own bull****."- Me
"A nobleman is simply a man who says one thing and does another." Don Diego de la Vega
Captainkidd
Posts: 2390
Incept: 2010-05-25

Houston, Texas
Report This As A Bad Post Add To Your Ignored User List
Quote:
We even had weapons when I went out to help a friend, people were desperate and I had to draw TWICE.


I'm familiar with that area, and at first was a little shocked by that....
But then, I thought for a minute.

People are on a knife edge.....
For a lot of people,
It wouldn't take much to tip them over one way or the other....

And what's happening there is a lot.

----------
A lawyer with a briefcase can steal more than a thousand men with guns. --Mario Puzo

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. -- Henry Ford
Kikknback
Posts: 257
Incept: 2020-03-17

Report This As A Bad Post Add To Your Ignored User List
From one of the links:

Le Xie, Professor Texas A&M wrote..
Upgrading equipment to withstand extremely low temperatures and other changes, such as providing incentives for customers to conserve power or upgrade to smart appliances, could help avoid disasters like this one, said Le Xie, a professor of electrical and computer engineering at Texas A&M University and assistant director of energy digitization at A&Ms Energy Institute.

We used to not worry too much about such extreme cold weather in places like Texas, but we probably need to get ready for more in the future, Xie said. With climate change, he said, Were going to have more extreme weather conditions throughout the country.


The STUPIDITY is not just in government, it is at the university level as well.

Thanks for doing this one Karl.

Covered it well.

----------
"The most grotesque act of Treason is to be born into a free Constitutional Republic, for which you did not risk your life or shed blood to create, and sit back and watch it slowly be taken from you without standing up in its defense" - me

"True Freedom can never exist, unless true Rule of LAW exists" - me
Wifi
Posts: 5454
Incept: 2013-02-13

The Land That Was
Report This As A Bad Post Add To Your Ignored User List
Climate change The Biggest Fraud Ever?


----------
"Freedom cannot end where fear begins."
Robby Dinero

Jaycepe
Posts: 4
Incept: 2019-09-24

port jefferson sta
Report This As A Bad Post Add To Your Ignored User List
Interesting article from our illustriouss EPA suggesting the replacement of gas-assisted glycol pumps with electric pump to remove water from natural gas.

https://www.epa.gov/sites/production/fil....

I'm wondering in the case of Texas without the ability to remove water from the gas would this be a contributing factor as to why the gas couldn't flow?
Tickerguy
Posts: 171554
Incept: 2007-06-26
A True American Patriot!
Report This As A Bad Post Add To Your Ignored User List
Yep.

It HAS to be separated before it can go into the pipeline or it will destroy the compressors and greatly accelerates corrosion of the pipe as well. The compressors can tolerate a certain percentage of "other than natural gas" but you definitely can't feed them "wet" gas out of a well unconditioned and not expect bad things to happen.

No power, no separation, no gas.

You forgot the other issue as well -- if it gets cold enough to freeze and when a gas goes from a higher pressure to a lower one it gets colder you have to have some means of HEATING it to prevent that from happening or the condensed water will turn to ice. Rather than self-generate that as required (gee, you don't have a convenient way to do that, do you?) you INSTEAD "go green" and now you're dependent on electrical power for THAT too.

You take a system that, within reason, has its failure domain contained within the fence of the facility and extend it 100 miles to the nearest generating station along with every piece of switchgear, transformers and lines between you and it.

And then you want to use what is produced to drive the generating station.

STUPID!

----------
I don't give a flying **** if you're offended.

Lemonaid
Posts: 12918
Incept: 2008-01-20

Metro Detroit
Report This As A Bad Post Add To Your Ignored User List
OMG!!1! The powerplants are natural gas too?

----------
"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." Ludwig von Mises
Tickerguy
Posts: 171554
Incept: 2007-06-26
A True American Patriot!
Report This As A Bad Post Add To Your Ignored User List
Well yeah.

Nearly all peaking plants are since they can be dispatched very quickly. Some base load plants are also natural gas fired. NatGas generation is more efficient than nuclear on a thermal basis as it typically runs combined-cycle (gas turbine and then the waste heat from that produces steam, which is also used) where a nuclear plant is a Rankine-cycle (steam generation only) setup.

Nuclear is only ~30% thermally efficient which is why you need a huge body of water for cooling. Combined-cycle plants can get pretty close to 60% thermally efficient. I think GE is claiming their "current" stuff can hit 62% but I suspect that, as with most such claims, is under ideal conditions.

----------
I don't give a flying **** if you're offended.

Lemonaid
Posts: 12918
Incept: 2008-01-20

Metro Detroit
Report This As A Bad Post Add To Your Ignored User List
Lose electricity, Lose gas.

And vice versa and ****heads in universities are talking about "smart appliances" to fix it?

Clown World.

----------
"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." Ludwig von Mises
Tickerguy
Posts: 171554
Incept: 2007-06-26
A True American Patriot!
Report This As A Bad Post Add To Your Ignored User List
Oh but it's "greener" you know, in that this way you can do the separation and compression on the pipeline with solar and wind power instead of burning that Eeeeeevile Natural Gas and releasing the CO2!

(They don't bother with where the gas is going -- right into a natural gas power plant which, of course, releases the very same CO2!)

Yes, yes, I know that sometimes this results in less emissions. However, it extends the failure domain by orders of magnitude and IF a failure occurs you now get no gas into the power plant and thus no electricity!

Is it more important to have power or pander to the Woke Green Mob?

----------
I don't give a flying **** if you're offended.

Bigbuzzle
Posts: 58
Incept: 2020-03-10

The great north woods
Report This As A Bad Post Add To Your Ignored User List
I would also guess that even if all of the wells and pumps worked, the huge demand for natural gas as a result of the extremely low temperatures in such a large area would probably outstrip the available supply capacity. ASHRA's 99% design temp for heating in Austin TX is 29.8F, that is the official temp all HVAC pros use to size heating systems in that area. http://cms.ashrae.biz/weatherdata/STATIO....
In other words, every building's heating systems is only sized to keep it 68F inside, down to an outside temp of 29.8F. Below that it can't keep up. I would also presume that the entire natural gas infrastructure is sized in a similar fashion to handle building heating with natural gas, and electrical loads required of the power plants for building heating. Many buildings at that latitude use simple electric elements in the AC systems as their only means of heat. When temps drop that low (Austin had below zero temps) the electrical demands skyrocket directly proportional to the change in temp below 68f. So most heating systems in that area are only designed to handle about 40 degrees of heating, but were faced with loads in excess of 70, or 175% of their rated capacity. Most houses wouldn't even be able to hold 68F even if their power was on, and I'm guessing the natural gas infrastructure is also sized accordingly. That lack of adequate sizing would have been enough on it's own to give us the resulting disaster we are seeing unfold. The 99% design temp for my area is -17.8F, or a heating load of 68-(-18)=86F and equivalent weather phenomenon here would mean low temps down in the 150 below zero (175% of the 86f normal 99% design heating load). I can guarantee you that in my area if we had temps of 150 below zero our power would be out too.
Purplefang
Posts: 173
Incept: 2010-03-28

Oklahoma
Report This As A Bad Post Add To Your Ignored User List
The public should demand every person in a position of responsibility should be fired. The CEO's of the power utility companies and every member of ERCOT and every committee regulating the utility monopolies. Every politician who continues to subsidize this green power nonsense should be thrown out. Every moron who thinks that we can add 50 million electric cars on to the grid should also be tossed out.

Printlife
Posts: 71
Incept: 2018-05-22

CA
Report This As A Bad Post Add To Your Ignored User List
Here in Woke California we are, indeed, not allowed to install gas fired appliances. Town after town is adding this requirement.

The stupidity of requiring electric dryers is mind blowing. Do they think that it is a heat pump? No, they are always resistance heaters and the net efficiency is terrible.

We have all gas appliances, for now. And our electric bill is already shocking.
Tickerguy
Posts: 171554
Incept: 2007-06-26
A True American Patriot!
Report This As A Bad Post Add To Your Ignored User List
@Bigbuzzle -- This is true however do recall that TX has more NatGas in storage than anywhere else.

But -- if the pumps do not run then it does not matter. You can have all the storage you want but if you can't get the fuel out of there and to the power plant then that is completely irrelevant.

Second, no, your calculations are wrong for one simple reason -- a heat pump system is either on or off as is a NatGas fired furnace. It runs a greater percentage of the time but once you get to 100% of its design capacity that's all there is and the building does not hold setpoint.

So let's say your 99% design temperature for a given area is 10F and it's -10F. Does it work harder? Nope. It runs at 100% as it would at 10F, but the house can't hold temperature. Doesn't matter; the unit can only produce "X" BTUs when running and once it runs 100% of the time it can't run 110% or 150% of the time.

Now what IS true is that many systems are oversized on purpose, which is usually stupid from a comfort perspective, but they do it anyway. Nonetheless once its running 100% of the time it can't draw more energy from the source since that's all there is.

----------
I don't give a flying **** if you're offended.

Scottj175
Posts: 146
Incept: 2010-09-06

Vandiver, AL
Report This As A Bad Post Add To Your Ignored User List
One thing all this is showing me is I need to get off my behind on a project I've been ignoring.

I have an 8KW portable generator. Bought to replace a stolen 5KW right before we moved into this place.

We were set up to whole house the old (much smaller) place but have never had the need here other than very briefly so I just ran extension cords. It's been so long now I neglected the unit and now it needs a carb since the fuel gummed it up.

Need to invest the time and money to replace the carb and get a proper transfer switch setup.

Propane furnace, water heater and clothes dryer so I could go off grid easily if necessary.
Aveteam
Posts: 170
Incept: 2010-06-26

The Oregon Outback
Report This As A Bad Post Add To Your Ignored User List
Quote:
The US needs to maintain and add sufficient weatherized dispatchable generation to avoid this in the future, analysts said.


How about we just put the damn gas turbine powered compressors back on the pipeline?

----------
"The Supreme Court of the United States has descended from the disciplined legal reasoning of John Marshall and Joseph Story to the mystical aphorisms of the fortune cookie"

- Justice Antonin Scalia
Wifi
Posts: 5454
Incept: 2013-02-13

The Land That Was
Report This As A Bad Post Add To Your Ignored User List
Power bills skyrocket

One Texas Resident Still Has Power, but His Bill Is Now Over $8,000

Quote:
A Texas resident's power bill increased over $7,700 this month as the outages and severe weather in the area rose the cost of electricity.

Royce Pierce, a 38-year-old contractor and Texas resident owes power company, Griddy, $8,162.73 for his electricity use in February. The total was a steep increase compared with his bill for his two-story home last month, which was $387.79.

"It's mind-blowing. I honestly didn't believe the price at first," Pierce told the Daily Beast. "It's not a great feeling knowing that there is a looming bill that we just can't afford."

Griddy told all of its customers earlier this week that they should switch to another power supplier as electricity prices soared as high as $9,000 a megawatt-hour on Monday.

"We made the unprecedented decision to tell our customerswhom we worked really hard to getthat they are better off in the near term with another provider," Michael Fallquist, chief executive officer of Griddy, said in a statement.

https://www.newsweek.com/one-texas-resid....

----------
"Freedom cannot end where fear begins."
Robby Dinero
Tickerguy
Posts: 171554
Incept: 2007-06-26
A True American Patriot!
Report This As A Bad Post Add To Your Ignored User List
It might help if you had the equipment to deal with a pile of coal that got sleeted on at your coal-fired plants too.

Of course that gear costs money, but that nice plant up north with a big pile of coal sitting next to it has that gear and uses it, which is why theirs is running and the one in Texas is not.

----------
I don't give a flying **** if you're offended.
Tickerguy
Posts: 171554
Incept: 2007-06-26
A True American Patriot!
Report This As A Bad Post Add To Your Ignored User List
@Wifi - You could buy the entire ****ing generator and fuel to run it for that sort of money, and you damn well should have done so if you're going to play the "I'll take whatever the market price is today" game.

----------
I don't give a flying **** if you're offended.
Lemonaid
Posts: 12918
Incept: 2008-01-20

Metro Detroit
Report This As A Bad Post Add To Your Ignored User List
Welcome to Third-World Problems smiley

----------
"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." Ludwig von Mises
Tickerguy
Posts: 171554
Incept: 2007-06-26
A True American Patriot!
Report This As A Bad Post Add To Your Ignored User List
BTW a $300 bill for power in the months when there is little or HVAC load in Texas under normal conditions?

What the hell does his bill look like in August?

----------
I don't give a flying **** if you're offended.
Login Register Top Blog Top Blog Topics FAQ
Showing Page 1 of 2  First12Last