Thursday , May 2 2024
Home / Mike Norman Economics / What is hydropower and can it be the renewable energy source that replaces fossil fuels?

What is hydropower and can it be the renewable energy source that replaces fossil fuels?

Summary:
This video does sound like promotion for hydropower, but I have no problem with that. It says that we only have about 30 years of fossil fuel left, so why waste it by burning it when we need it for fertilisers, plastics, and chemicals?The billionaires who run the fossil fuels companies are wealthy beyond belief, and the oil was never going to be wasted, because we would have just made it last longer, so oil was always going to be a good source of income for them. [embedded content]

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

NewDealdemocrat writes March JOLTS report: declines in everything, fortunately including layoffs

NewDealdemocrat writes Manufacturing treads water in April, while real construction spending turned down in March (UPDATE: and heavy truck sales weren’t so great either)

Eric Kramer writes Eric Segall tells us what he really thinks about the Roberts court

Angry Bear writes Supreme Court watchers mollified themselves (and others) with vague promises 

This video does sound like promotion for hydropower, but I have no problem with that. It says that we only have about 30 years of fossil fuel left, so why waste it by burning it when we need it for fertilisers, plastics, and chemicals?

The billionaires who run the fossil fuels companies are wealthy beyond belief, and the oil was never going to be wasted, because we would have just made it last longer, so oil was always going to be a good source of income for them.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *