While that may be true, it really is not attributable to renewables. Quite the opposite, in fact. A combination of fossil fuel generation and incredibly high demand due to data-centre activity is what drives our higher prices, and the sooner those who seem to consider it a virtue to moan about the Greens accept that fact, the better for all of us. It’s just cold, hard economics, science and geopolitics - renewables are cheaper, cleaner and a more secure source of energy.thats your personal circumstance, thats very different from the irish electricity market which has the most expensive electricity in Europe, thats a fact. Its not just about renewables but the fact that we have alot of small inefficient power stations , a large and weak grid for the size of population, and have installed alot of emergency expensive generators (diesel generators basically) to keep the lights on. So rather than building efficient power stations we have been putting in emergency generators. Here is an article explaining it
Ireland now has EU’s highest electricity prices – Here’s how you can save
Electricity prices for Irish households are now €500 higher than the EU average, according to new data from Eurostat.www.newstalk.com
While that may be true, it really is not attributable to renewables. Quite the opposite, in fact. A combination of fossil fuel generation and incredibly high demand due to data-centre activity is what drives our higher prices, and the sooner those who seem to consider it a virtue to moan about the Greens accept that fact, the better for all of us. It’s just cold, hard economics, science and geopolitics - renewables are cheaper, cleaner and a more secure source of energy.
Yeah, for share of electricity we're not the worst, though we're the third-worst Western European nation after France and Belgium (both heavily nuclear). In any case, it's hard to look at Ireland's electricity generation mix, and claim that it renewable generation is responsible for Irish power being more expensive than elsewhere in Europe; we just don't have that much renewable generation.That graph includes "electricity, heating and cooling, and transport", the renewable stat for electricity market in 2022 was just shy of 40%.
That’s local energy security, but there’s also geopolitical energy security too. We saw what happened to natural gas prices (and consequentially electricity prices) when Russia invaded Ukraine. A middle-east conflict that could destabilise oil delivery is never too remote a possibility either. And then you could have a manufactured 70’s-style OPEC- or Trump-led supply-constraining crisis too, who knows!I believe that the energy security aspect of renewable energy hasn't gotten anywhere near the attention it deserves, especially when it comes to decentralised generation.
Ukraine is going into its third winter of strikes aimed at its energy infrastructure. Such strikes are only effective because of centralised power generation and power distribution networks, and it's therefore possible to cut power to large areas with relatively few strikes.
Contrast that with wind turbines for every town and village, solar on every rooftop, and batteries in every home, farm and business. It's not that strikes on power stations & substations don't matter anymore, but their impact is massively reduced. In the Irish context it'd be more about mitigating the impacts of winter storms and fluctuating fossil fuel prices, but the benefits are still there.
You are completely underestimating what the Ukrainians are dealing with , there is no way in a million years the Irish grid would be able to cope with what ukraine is doing. For a start we have no radar and air defences ,the Russians would have knocked out the country instantly. Also ukraine had a huge nuclear power generation which is zero carbon and runs 24 hours, 7 days a week. You need a constant supply to keep the grid stable, we need conventional power stations for that but since we closed down some prematurely we now need diesel generators to fill in when the wind is not blowing. There hasn't been much wind power on the grid in last few days, yet the lights are still on. That's because of money point , gas stations and diesel generation at peak demand.I believe that the energy security aspect of renewable energy hasn't gotten anywhere near the attention it deserves, especially when it comes to decentralised generation.
Ukraine is going into its third winter of strikes aimed at its energy infrastructure. Such strikes are only effective because of centralised power generation and power distribution networks, and it's therefore possible to cut power to large areas with relatively few strikes.
Contrast that with wind turbines for every town and village, solar on every rooftop, and batteries in every home, farm and business. It's not that strikes on power stations & substations don't matter anymore, but their impact is massively reduced. In the Irish context it'd be more about mitigating the impacts of winter storms and fluctuating fossil fuel prices, but the benefits are still there.
Grid architectures change very, very slowly, and particularly changing from centralised non-variable to decentralised-variable generation is a massive structural change. But for an island grid like ours with the natural advantages we have with wind in particular, it’s absolutely the right thing to do. Yes, we are adding tons of variable renewables but alongside interconnector pipelines, lithium grid-scale battery storage, flywheel inertial storage, etc.You need a constant supply to keep the grid stable, we need conventional power stations for that but since we closed down some prematurely we now need diesel generators to fill in when the wind is not blowing. There hasn't been much wind power on the grid in last few days, yet the lights are still on. That's because of money point , gas stations and diesel generation at peak demand.
Dr Schiller’s indicator does not identify bubbles, nor is it is market timing device. It indicates periods when if you invest in the market you should expect your return to be lower than if you had invested at a lower CAPE ratio.With the US Stock markets currently clearly in a bubble (CAPE (Schiller P/E ratio) at nearly 32 against a historical average of 16.8) and with Trump elected the financial outlook for the US is poor with inflation / stagflation extremely likely over Trump's term. I
I think you're mistaking correlation for causation.American stocks win hand down on capital allocation, generation of returns and payouts to shareholders. And this is assisted by efficient capital markets; and a pro-business, pro-innovation and pro-technology business environment fostered by American society. This benefits all American stocks with e.g. the S&P doubling in value between 2012 and 2021. And it benefits American investors, pensioners, etc.
First, 5 of the top 7 occupy oligopolistic or effective monopolistic positions in their respective industries which facilitates supernormal rofits etc. There's very few monopolies in Europe due to effective competition law enforcement which simply doesn't exist in much of the world.
No offence, but your posts are very difficult to read and understand with all the unnecessary ellipses ("...") and the lack of formatting into paragraphs etc. Consequently you may not be getting as much or as good feedback as you would if your posts were easier to read/understand.As a stock investor - I like oligopolies & monopolies....they are good for returns.......competition is for losers, as they say.....and the losers are shareholder returns........the best contra example I can think of......is European telecoms......its a triumph for competition authorities.....there is just endless competition on the fixed and wireless side in most European countries including Ireland.....European's enjoy some of the cheapest mobile data plans in the OECD.....but there is no free lunch.......European telecoms stocks are at twenty year lows....they generate like 2% return on assets....they run leveraged to the hilt to try to get the RoE up to 8%....but its really below the cost of equity capital........what European telecom customers get (besides low prices)....is generally a service that is below par relative to other first world nations.......speeds/connectivity/coverage etc.....its an example IMO of competition authorities throwing the baby out with the bath water.....in pursuit of 'perfect' competition
No offence, but your posts are very difficult to read and understand with all the unnecessary ellipses ("...") and the lack of formatting into paragraphs etc.
Well, my pension is 100% in US index trackers, because I agree with you that oligopolies are good for investors.As a stock investor - I like oligopolies & monopolies....they are good for returns.......competition is for losers, as they say.....and the losers are shareholder returns........the best contra example I can think of......is European telecoms......its a triumph for competition authorities.....there is just endless competition on the fixed and wireless side in most European countries including Ireland.....European's enjoy some of the cheapest mobile data plans in the OECD.....but there is no free lunch.......European telecoms stocks are at twenty year lows....they generate like 2% return on assets....they run leveraged to the hilt to try to get the RoE up to 8%....but its really below the cost of equity capital........what European telecom customers get (besides low prices)....is generally a service that is below par relative to other first world nations.......speeds/connectivity/coverage etc.....its an example IMO of competition authorities throwing the baby out with the bath water.....in pursuit of 'perfect' competition
yes but while that is true those figures are flattered by the exceptional performance of US markets since Covid, it would be interesting to run those figures again using March 2020 as the end point or September 2008. All of those tables are highly dependant on starting and end pointsIf you had purchased US equites with perfect hindsight at the very peak of the market you would have been just fine over the long term
Not really? The start points are the various historical pre-crash peaks and the end point is the same in all cases (31st October 2024).All of those tables are highly dependant on starting and end points
If you had purchased US equites with perfect hindsight at the very peak of the market you would have been just fine over the long term
it makes alot of difference the closer the years are though, the performance has now halved because the end year is 2022 rather than 2024. thats my point, it would be even more so if you were using a down year like 2020 or even 2021. Most people look at 10 or 20 year investing horizons therefore how things have performed since 1970 or 1987 is now too long ago to be relevant, in the long term we are all dead2000 is 6.3
2007 is 8.6
2020 is 7.7
If that is true then most people are total fools.Most people look at 10 or 20 year investing horizons therefore how things have performed since 1970 or 1987 is now too long ago to be relevant, in the long term we are all dead
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