Guest “Why we want to ‘compete’ with Europe” by David Middleton
Shell is looking to rock the energy game in Texas
By Haley Zaremba – June 12, 2022, 10:00 am by CDT➼ Europe’s largest oil companies are rushing to diversify their portfolios while expanding into the green energy sector.
➼ Shell announced this week that it will begin selling electricity generated from renewable sources directly to residents and businesses in the Lone Star State. Shell notes that one of the reasons it prioritizes Texas as its first market is that “more than 26 million of the state’s nearly 29 million residents are served by a single grid.For many years now, we have seen a growing division between the supertankers in Europe and the United States, as Big Oil has split into two camps on opposite sides of the Atlantic on what to do about climate change and growing calls for global call for decarbonization. As climate activists grew stronger and policymakers increased pressure on the fossil fuel sector to scrap its legislation, European companies rushed to diversify. its portfolio and rebranding as Great energy. Meanwhile, in the US, Big Oil has taken a stand and doubled down on oil and gas, investing instead in programs like carbon capture, carbon offsets and biofuels. The approach in the United States has been criticized as insufficient to meet global climate goals…
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On the other side of the argument, US Big Oil points to a potentially large economic slowdown and decline in energy security and independence that could accompany a rapid transition to green energy.
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But while Big Oil is dragging its feet in the renewable revolution on this side of the pond, Europe’s super executives have seen the writing on the wall, and have made tremendous progress in the field of energy. Clean quality threatens to scupper any competition from the US. once renewables became the norm and oil and gas gradually but surely became eclipsed and then obsolete.
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In fact, Shell notes that one of the reasons it prioritizes Texas as its first market is that “more than 26 million of the state’s nearly 29 million residents are served by a single grid operated by the Board of Trusted Electricity of Texas operated. [ERCOT]. In fact, more opportunities to buy more energy outside of ERCOT may not come fast enough, as Texas is staring there is a possibility of a large energy shortage during summer heat waves.
Climate advocates as well as skeptics can agree on one thing: becoming competitive with Europe will be essential to the future security of the US economy.
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Raise your hand… How many anthropogenic global warming (CAGW) skeptics agree that “becoming competitive with Europe will be essential to the future security of the U.S. economy ”?
This is absurd to say that the US Marines becoming competitive with the Peace Corps is essential to national security. It’s also an apt analogy because Maladministration Brandon’s rule seems to be trying to transform the Marines into something other than “the few, the proud, the Marines”…
But I digress…
The New York Times article about Shell having full BP, possibly actually worse than the OilPrice.com article. I won’t quote directly from it, because Slimes is emotional about being quoted on WUWT… Article Statuses that Shell would only obtain electricity from solar and wind installations around Texas and sell it directly to consumers at a fixed price. Apparently, someone doesn’t know how the grid works.
ERCOT manages the power grid across most of Texas
In most ERCOT grids, Transmission and Distribution Utilities (TDUs) manage the power distribution system (power lines, transformers, etc.):
Areas not covered by TDU have city utilities, electric cooperatives, or are served by investor-owned utilities.
When the power went out in Dallas, Oncor fixed it, not ERCOT. However, we don’t actually buy electricity from ERCOT or Oncor, we buy electricity from one of these many retail electricity suppliers (REP), like TXU, Belieant etc. We can buy all renewable packages; however, we will get the exact same combination of power sources as everyone else in Oncor. 100% of the “green energy” plan is basically funded by the state greenwashing scam.
Based on the OilPrice.com and NY Slimes articles, I don’t know what Shell is really up to. Will they operate the power plants? Building regenerative only transmission lines? Just become one more retailer green scam hawker? Fortunately, Houston Chronicle have a more coherent post.
Shell launches renewable energy brand in Texas with company’s new branch
Amanda Drane
Office staff
June 7, 2022Global oil giant Shell on Tuesday said it is entering the residential electricity market in Texas, providing renewable energy under a new subsidiary of the company.
The launch of Shell Energy Solutions marks the entry of the Hague-based company into the US electricity market, with perks for electric vehicle drivers and homeowners with solar panels.
The move is the oil giant’s latest move to reach net-zero emissions by 2050 and reposition itself as a broader energy supplier as the world transitions to clean fuels. than. It followed an announcement last week that it purchased gas stations and Houston-based convenience store chain Landmark to provide alternative motor fuel and charging stations in the future.
Cover previously bought back Woodlands-based MP2 Energy, an energy retailer with 33,000 customers, will now carry the Shell Energy Solutions brand.
“We are excited about this entry into the residential electricity market and look forward to offering a suite of renewable power packages,” said Glenn Wright, Shell’s Vice President of Renewables and Energy Solutions. 100% for customers statewide.
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So we can add Shell Energy Solutions to list of more than 70 retail electricity suppliers in Texas, most, if not all, have come up with variations of green energy scams.
Becoming competitive with Europe… Why?
Major European “Oil” companies: Shell (SHEL, purple), BP (BP, yellow), TotalEnergies (TTE, magenta)
Yahoo! Finance
But while Big Oil is dragging its feet in the renewable revolution on this side of the pond, Europe’s super executives have seen the writing on the wall, and have made tremendous progress in the field of energy. Clean quality threatens to scupper any competition from the US. once renewables became the norm and oil and gas gradually but surely became eclipsed and then obsolete.
Really?
According to EIA’s International Energy Outlook 2021, fossil fuels will still account for about 70% of global primary energy consumption by 2050.
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