The Perils of The Green Energy Transition with Guest Doomberg - The Loonie Hour Episode 117
ฝัง
- เผยแพร่เมื่อ 4 ม.ค. 2024
- We interview energy expert, and popular newsletter writer Doomberg on the green energy transition. Net zero cars, nuclear energy, solar and wind, this is a masterclass on all things energy. There are no solutions, only trade offs, and Doomberg provides the sobering reality Canadians face in the years ahead as governments push climate policy.
Check Out Doomberg's Substack here: doomberg.substack.com/
Check out industry-leading BMO ETFs here: www.bmogam.com/ca-en/products...
Subscribe To My Channel For More Videos Like This One: www.youtube.com/@saretsky?sub...
Listen to The Loonie Hour on your favourite podcast platform:
The Loonie Hour on Spotify: open.spotify.com/show/4vA4m1d...
The Loonie Hour on Apple Podcasts: podcasts.apple.com/ca/podcast...
#TheLoonieHour #Macroeconomics #PersonalFinanceCanada - บันเทิง
![[TH] 2024 PMSL SEA GF D2 | Summer | ร่วมส่งแรงใจ เชียร์ไทยไปพร้อมกัน](http://i.ytimg.com/vi/dN2gLsCJ0T0/mqdefault.jpg)
Two points about why the Corporate Media in Canada don't ask hard questions. Their advertisers don't want them to and the current government bailed them out with $600mil to play softball
Media in Canada is also held at gun point since C-11 this country is a comi joke
pppp\
I am surprised theses guys didnt touch on this.
You guys knocked it out of the park again. Beautiful!
Great episode, green chicken was really good, please bring him back
Better than green eggs and ham
WOW. Great interview. Incredible rational thoughts.
Love how Steve mocks Keith for playing board games with his friends on New Years while he goes to spend it with his parents, LOL
Clearly anyone who would laugh at your comment is from a slightly younger generation and has not lost a parent or parents yet. Enjoy them while you have them, young folks. Because one day they'll be gone.
Great conversation guys!
Is it insanity, stupidity, incompetence, or corruption that leads activist/politicians to believe they can simply legislate technological advancement over research and development, and the laws of physics.
Love these guest features. Happy New Year guys!
Thank you!
Killing it with the guests guys, love it.
Also, the Loonie hour has now expanded to a whopping 1:16:52 - with ZERO complaints on my (and everyone else's) end.
Coming soon...The Toonie Hour special episodes - for those extra long discussions 👊
Longer the better I say
yes, bye. @@irishnewfoundlandbear7400
I find it really hard to find pertinent Canadian content. Big fan of this podcast.
You folks at the loonie hour are doing God's work with this type of media. I cannot help but implore you to NOT stop and to continue to produce this quality work continuing to adding to financial literacy as well as the body politic. You folks have become a defacto poli-sci media group; I think you are part of a dialectic in what Napier calls a "political economy". You are effective and successful because of intellectual curiosity, natural acute critical thinking ability and I believe your personal decision(s) to strive for truth/honesty. You are humbly adding to "common folks" welfare and this is laudable and commendable. Thank you. "In the battle between platitudes and physics; physics is undefeated." -Doomberg. Of course this quote is about philosophical truth.
Thank you for the kind words
This will easily be one of your highest viewed and responded pod casts.
Bravo fellas it takes stones to do this.
Since Covid I've noticed a lot of ppl are in echo cambers
Great session Doomberg is a calm, credible voice for Energy security. Looking forward to new Loonie Hour topics in 2024.
1 in 5 deaths world wide are the result of pollution from burning hydro carbons (harvard study). In India its 30% of deaths. The energy transition is not only about co2 and global warming. Greatly reducing smog will have huge benefits both in terms of human health and associated economic costs.
And how much life is fossil fuels responsible for due to energy abundance in food production, heating, refrigeration, transportation?
@@fuze59 Fossil fuels are obviously huge in this regard, to be more specific the Ghawar field in itself is hugely responsible for creating abundant low cost energy that modern civilization relies upon. Without it all our lives would be very different. All the more reason to transition energy since cheap oil (specifically the Ghawar field) will not last forever.
@satstacker6306 I don't disagree with you, but transitions happen when superior technology comes along. So far we don't have anything better.
Agreed but how we are going about it is corrupt.
Loved 😍 this guest. A realist is so refreshing.
@14:40 energy use is the single largest predictor of an economy. Period the end.
I think what gets missed is that Innovation can make breakthroughs in industries.
Fritz Haber helped to invent The Haber-Bosch process, which led to a 400% increase in crop production, and that happened basically overnight.
I believe Moore's law, and innovation will lead to break through technologies, so we should get as many people working on the problem as we can. (drill baby drill)
This was THE BEST episode of The Looney Hour! Thank you so much for having Doomberg on!
Can’t take the green duck seriously. Why is he not showing face while talking about global warming conspiracies? 😂
Paid think tank shill who is doles out the most basic strawman anti environment talking points.
“Oil is important” gotcha libs, mic drop
What does it matter just close your eyes and listen.
keith's jokes are the best
Fantastic episode 🔥
yess doomberg
Great episode. Bravo - an awesome guest.
Thanks !
thanks guys great guess keep em coming
Happy New Year!!!
I would rank this episode amongst the very top of all that you guys have done. And that is more a compliment to Doomberg and all of the excellent guests you have had. Keep it up👍
Fyi - i have not missed any (& i mean seriously not even 1) episode
Excellent start to my new year. You guys made my day. Thanks
Appreciate the support thank you
@Doomberg Chris Martenson at Peak Prosperity just uploaded a video about you specifically pertaining to Peak oil.
I love it! A committee that never left Excel spreadsheet 😂😂😂😂
I love that bird!
Loonie Hour has made it to the Major Leagues with Doomberg!
💯
Happy Now Year guys
And a Good 2024
Dont look for logic among policymakers. They're making decisions largely based on feelings, not facts.
Great conversation! Really loved this guest.
Thanks Debbie!
Great episode. Quality right there. Keep it up guys!
Best one yet pure reality
Great episode, really enjoyed this guest. lots of info to digest. To Steve's mention of real estate in the GTA, I am an almost 40 year realtor in the GTA, and I have to comment. My fear has been that the market will take off too quick once rates start to drop. Just the mention that rate cuts are coming as soon as maybe this spring has some people overheated. In reality, sales in December went up 11.5% over December of 2022, and the average price went up 3.2% year over year in December. Our market, save for areas with a glut of product is still a decent market simply because our supply is still very low in many areas. To me, the combination of our very obvious housing shortage, combined with the banks bending over backwards to keep people in their homes (keeping people in their homes is always a good thing) has led to a lower supply than would be considered normal in times like these, and no matter how low sales go, if supply is very low as well then prices will at worst stay stable. I personally would love to have a market like we had from about 2000-2014, with just steady growth, but unfortunately those days I believe are long gone in the GTA.
This was one of the best episodes, thanks Gents, Happy New Year
I'm not really sure what to do with these conversations personally. Yes it makes me feel good cos it aligns closer to my biases than what I get from CBC.
But what is the plan you put forth?
Denialism? Do nothing?
Less aggressive CO2 reduction strategies?
Is our position we just go all in on nuclear but still try to electrify our energy supply?
Didn’t you hear the video? The guy said “even if climate change is real, it will be cheaper to adapt to it than address the causes”
So head in the sand, and if that doesn’t work well we can just move cities that run out of water and deal with the hundreds of millions of coastal peoples who flee when their sewer systems back up, honestly flood, and the acidification from CO2 absorption in our oceans destroys their primary source of protein which is fish.
@kalenluck Good response. I have often thought about that too. If it's something like 9 trillion dollars globally (one number ive seen thrown around) to get to our 2050 target that pays for a lot of stuff.
I guess my point is I think arguing this stuff is as useless when those in power have their minds made up. Even if you are 100% correct on the issue.
Ships sailed. Now it's how do we position ourselves in this new world.
Amazing guest
Love that you were able to have Doomberg on the show!
In 2022, the whole agriculture and agri-food system: employed 2.3 million people. provided 1 in 9 jobs in Canada. generated $143.8 billion (around 7.0%) of Canada's gross domestic product (GDP)
and Saskatchewan has even more oil then fort Mc $$$
Great show!
Thank you, Brian.
I applaud you for presenting a clear, factual discussion on this subject. I am still hoping The sheep may yet look up before it is too late.
This issue not going solve until all Canadian come together and first kick their stupid government...and select a government who knows how all economic systems work
@7:02 "why is *state funded* media misleading canadians"?
Why are lobbyists funded governments misleading canadians?
Why are commission funded real estate agents misleading canadians?
These are some serious brain busters.
Have you moved out of your parent's house yet?
@@normalaverageeverydayguy2600 I live in your mind. Obviously
One smart chicken!
Maybe. Check out Chris Martenson at Peak Prosperity he just uploaded a video about peak oil and Doomberg
Konstantin Kisin gave a talk at Oxford about what Doomberg talked about.
"One should always be concerned about the environment, concerns about the environment are probably well founded." says the chicken. And that our time is best spent reacting to the negative consequences. So when the consequence is an uninhabitable earth, please explain to me how you react to that?
This
This reads like a choose your own adventure novel.
I’ll tell you how “we got here” so quick: too much, too fast immigration. People bring baggage with them, they are NOT “New Canadians”, as Justin would like us to believe. It takes years to change to the Canadian way of life and mentality. I can attest this for myself, I am an immigrant. And soon we’ll find out “how we got here” on many other subjects unfortunately. But hey, at least we are so “diverse”….
Great episode... Canada is everything discussed, except we have an incompetent government... for now!
Agreed. However, lest we forget the ignorant populace that inhabit this place.
We need an election so badly but will have to wait until 2025. The ndp/liberal coalition is making Canada unaffordable.
Hey guys, great content. Been meaning to drop a comment for awhile - just wondering why hydrogen fueled vehicles never gets mentioned. I know Toyota is still pursuing this tech. Would be nice to hear from one of your guests on the topic. Cheers
I've asked and implied the same thing on X. Remote locations could capture renewable energy and convert into hydrogen production (stored energy) to use as needed.
The loonie hour delivered with this podcast…long live King Doomberg !
Nice upgrade on the intro name tags.
Also, thanks for keeping this in 720p.
We don't need to see the lines on Keith's forehead in 4K.
hahaha
I live in downtown Calgary Sunalta district I can look out my window anytime day night there are as far as I can see people parked on the streets with zero place to plug in and charge your car Justin and his climate Zare will have to figure out were to charge the scars every night I believe their is about 600,000 of these people in Calgary alone
Tune in next week when the Loonie Hour interviews Harvey the Hound.
@20:47 I did Directional Drilling in Alberta for 7 years in the early 2000s and we were going 5000 - 8000 m on a superheavy cut down triple. (Ensign 43 t)
I'm not in the space anymore, but I know anecdotally the old boys I was working with said it was getting harder and harder to get. That was 15 years ago.
I wonder if the technology required at a certain point would be just as well apply to a different energy source?
Don't forget that a lot of oil exploration subsidies come from government.
I think oil will be super dominant until all the sudden it isn't.
The oilsands alone have well over 100 year of reserves.
15 years ago we weren't even drilling the most prolific formations we are today.
I grew up north of peace river where the main employer was gas extraction.
Now shell owns a dying field that they have been trying to sell for years, the main employer in my town is the sawmill (where gas guys would have scoffed to work at in my youth), and most of the companies have packed up and moved west to BC or south to GP.
But yeah, we will never run out of
@kalenluck Yes that is the life cycle of a resource and why there is a drilling industry.
Won’t be in your lifetime
@@kalenluck id bet against the saw mill before oil and gas.
Thankfully the Houthis are only targeting ships going to and from israel, so Red Sea traffic is still largely moving like normal
🤣🤣🤣 Da bird is priceless 🤣
Heat, sushi and wine. Damn Rich, can we be friends?
Manage with logical outcomes. The Russians are way ahead in energy dept. They have a floating nuclear power plant as one example to power mining in the far north.
@6:04 get Bill Ferguson on the show. Fight bad ideas with good ideas. Strongman your position.
This conversation got deep. Me and my tin foil hat. Watching now, thanks guys !!!!!
This is getting good. Thank you again !!!
Tin foil hat - 🤣🤣🤣
RICH IS RIGHT
Best episode yet. Awesome work
Put time stamps in your video
This conversation is very dence will take me lots of listening to understand it all.
If this is how uninformed the pod is on a topic I know about it gives me a lot of pause on listening to them regarding the topics which I know less about but once respected their opinions.
A lot of your guests points were strawmen. All were unsourced. Majority just a very low tier easily refuted right wing think tank meme level stuff
You know where the door is
Electric cars will be more expensive than ICE cars. There is a place for them as a second car for running around the city for people that can afford it. Mandates don't work and will backfire.
This guest is incredibly smart yet very out to lunch on some of their PoV IMO. @30 min ish the guest skirts around the issue of global logistics. We DO in fact live on 1 planet - With FINITE amounts of resources. This is undisputable. Undisputable. Look at fish population levels in oceans, copper inventory levels, concrete inventory levels, the amount of deep forests on the planet is decreasing every year due to logging - Look at Google Earth I dare say and do YoY timelines - Its apparent in many countries. Then you have soil degradation due to farming needs etc etc.
"Malthusian" is a legitimate label perse - But let it not distract us from the reality we live in. 1 planet - X amount of people and demands. In short - We need to get off the planet at some point and thats the crux of the issue given our current consumption levels - This is all described in US Army reports, Chatham House reports, US Navy Reports and other countries top intelligence units recognize what is on the horizon.
But lots of black gold! Texas tea under it.
@@dman9416 Yes true. I do think this guest incorrectly confuses the word 'find' with 'create'. Humans dont 'create' oil - We 'find' it.
Steve please get back to regular programming. I would have much preferred the leprechaun from lucky charms over the rooster from Kelloggs corn flakes.
No way this was the best episode for the thinkers.
I consider modern corporate journalists to be scum of the earth on par with car dealerships...
Both of them depend on scamming you for their next meal.
Second or third comment!
First
Even a cartoon chicken would come across as more credible if he didn't refer to anyone who wants our society to work toward dramatically curbing emissions as a "propagandist". Perhaps he agrees with Homer Simpson that "If something is hard to do, it's not worth doing".
I agree that they could work on the tactfulness of dealing with an audience predisposed to disagreement, but if you listened to their response to the question "What would they do if they were in charge" it was not neglecting the needs of the environment. The answer for them was simply more complex than all carbon based fuels are bad, or drill baby drill. I am all for reducing the impact of our energy industry on the environment, but if we can achieve this better by avoiding ill informed legislation, then all the better.
Get used to it
@@dman9416 get used to Canadian winters with no snow
@@kalenluck lol…I sincerely hope that not the best you can do?
@@dman9416 droughts are going to be really bad and Canadians are going to end up spending way more money finding clean water?
@46:53 hey boomer, just aim that question at yourself.
How is it that people in your space disproportionately point at Supply as the primary housing unaffordability issue?
Who's advising you guys? Your bank account?
Rich's mustache makes him look like a child predator
TRUMP 2024
Bend thy knee to OIL DEMONS....OBVIOUS AS HELL (which you may visit boys)...money heh ?...Billy Idol songs need relistening
Good conversation....highlghting in my view ? what have been the the fairly obvious and in my view 'suspicious' lack of common sense discussion around the energy transition ?
From the completely 'missing in action' legacy media coverage... to the now absolutely massive negative politically correct backlash to any dissenting opinion expressed... NOBODY discusses the VERY obvious to me anyways ? connotations of the energy transition to not just standards of living but indeed the personal 'freedoms' intrinsic therein ?
IMO, the next Federal Election in Canada will be telling in the National divide expressed.... indeed into the very clear IMO, requirement for a far wider Separation/Western Canadian Sovereignty Association discussion with the rest of Canada.
Yup, if they they keep going on the current path past 2025 and implement the emissions cap plan on O&G in 2026 then Alberta will likely leave Canada. Sad that Trudeau is ruining Canada.
Rich, the reason the malthusian view refuses to die is because it is rooted in hard facts. Only thing he got wrong is our ability to get more efficient and just how much nature we are willing to destroy to support more humans. We are already in the middle of a mass extinction. Yet we continue to deny that any issue exists. Take ecology 101 and it'll make perfect sense why we do in fact need vastly fewer humans to live sustainably.
You sound vaccine damaged
I’m fully aware of the power and prosperity that fossil fuels have given and continue to give society (although unequally), but also understand planetary boundaries and the perils of continuing to burn fossil fuels. The science shows we can’t just continue to burn them without dire consequences (some of which we’re already experiencing), but I also don’t believe we can transition to renewables without a change in priorities about what we consider a good standard of living. It’s like we’ve spent, spent, spent, and borrowed, borrowed, borrowed, and now the bankruptcy is coming. Some, maybe most, will see that bankruptcy as the end of the world. Others will see that it is the challenge of our lives, but also an opportunity to look at our values and decide what is truly important. And, critically, to decide how we treat each other: is your neighbour your enemy, who you fight to the death for resources, or is your neighbour your friend, who you work with to get each of your basic needs met?
The coming energy transition is an important topic, but I find Doomberg’s language so dehumanizing, blaming and almost conspiratorial at times, and his tone has been snide every time I’ve heard him. I was also surprised to hear him actually acknowledge the reality of climate change, because I’ve heard him imply it’s a hoax in other interviews. If you care about the economy and how it affects people’s lives AND you care about the planet and how its health affects people’s lives, and you want a less divisive, derogatory source for learning around this topic, (from someone who I think has a bigger and deeper understanding of the issues), I highly recommend Nate Hagens TH-cam channel and The Great Simplification podcast and website. I think if we followed Doomberg’s short-sighted advice on the planet, some may be richer for a while, but the Doom in his name will come faster and harder. Nate is trying to educate people on the issues to avoid the doom and make the inevitable landing softer.
www.youtube.com/@thegreatsimplification
The left has become terrible people, full stop. They are so blind to it that it has become humorous. Anti-human (green agenda), anti-free speech (Bill C-11), anti-lower class (massive gov't money printing led inflation), racists (affirmative action, DEI) etc. just all around bad controlling people. Should be embarrassed to be Liberal, NDP, Green in Canada or Democrat in USA.
That green chicken is right
Chris Martenson just upload a video about this I suggest you guys check it out.
"Muh soft Landing"
Note: There's some straight up incorrect information presented here that I can correct to prevent misleading people. At around 43mins Doomberg states that an Alberta solar farm capacity factor is practically zero in December and much of Nov - Mar, and in Germany there's weeks where there's very little wind or solar. As someone from the renewables industry that is fortunate enough to work for a company that oversees many GWs of wind and solar plants across the world, and thus can see how much energy they produce in any hour, day, week, month, I can tell you this is incorrect. Specifically last year, I can report that solar farms during the winter months did about 10%+ avg capacity factors, with 20% being their yearly average.
So yes they don't have high CFs compared to conventional generation sources, but in the winter they are still pumping out about half of their average intended output. Same (but better) for Germany, there's rarely a week where there's not much wind (especially for offshore farms) and typically the solar and wind production profiles compliment each other well on a seasonal and daily basis e.g. summer low wind, high solar. Getting to 100% dispatchable energy using only renewables is wider discussion I won't get to here - but in general yes it will be difficult without a alot more interconnection and storage - but this will eventually come. Side note, the rare few wind and solar farms that have storage co-located do in fact do a pretty good job at acting like dispatchable energy sources (see Kauai project www.aes-hawaii.com/case-story/kauai-island-utility-cooperative-sets-new-standard-carbon-free-energy-together-aes). Complimented with Nuclear there is a path to this clean energy future - which as Doomberg appears to admit, is needed for the planet
What are the annual maintenance costs on those inventions you mentioned over 30-40 years, compared to burning natural gas within the household for heat. There is a reason why the average home owner prefers to use natural gas over all other technologies. The simple fact is the cost is far to great just to justify saving 3% of the worlds CO2 output. As a Canadian I see no point in wasting a single dollar on this nonsense and discussing this topic is also a complete waste of time and money. If we just focused on efficiency and policies that promote better usages would allow homeowners the free money to invest in renewables when they see the benefits. How can the average person maintain these complex computer ran systems that corrode malfunction and are mostly just causing more damage to the environment than they bring. Mining , silts, mass washing of materials to get at the metals just to synthesize more chemicals. The list of stupidity is endless in this discussion. Renewables need to be taken off the discussion board permanently, unless you’re talking about a new battery that doesn’t degrade, nuclear power, or hydro electric type systems that don’t evolve wildlife munching.
There's a lot of decent analysis about the state of things, but also mixed in with exaggerations about the risks of alternatives. This could really use a counter from an expert. This guy is incredibly condescending and not half as wise as he thinks he is. His take is that the science is true, but since the transition requires sacrifices in quality of life and he doesn't expect anyone to make any serious effort to avert it, then we might as well profit from fossil fuel as much as possible. Yet then goes on to say that people that truly believe in actions to transitions are ignorant of the truth that it will be difficult. Profiteering and doing nothing while other suffer the consequence of your choice is just a shitty personality.
Maybe you just don’t understand him?
For the record, there was NO actual argument put forward here by the guest --- no data, no concepts and no theories --- to refute the "peak oil" thesis. Only the notion that we got "technology" dude ... and the assertion that there is a "huge amount of hydrocarbons" in earth's crust. I'd listen to the argument, but there really isn't one here. I've seen Doomberg growing in popularity, but I really have to ask why a "PhD scientist, by training" would really choose to hide behind a chicken meme. Society needs credible researchers to embrace controversy and conflict and speak with a full throat, putting their credentials on line rather than hiding in fear of cancel culture.
Yes. Ironically Chris Martenson literally just uploaded a video specifically addressing Bloomberg and Peak oil.
"Peak Oil" has been "Peaking" for so long now, it's time for people to start calling it "Plateau Oil" and get on with it.
@@Joe-mz6dc Conventional oil (the "good stuff") plateaued two decades ago.
Who cares if he is a chicken listen to his words.
This was by far the worst episode of the podcast. Ironically, with their complaints about legacy media at the start, they sucked up to the chicken like CBC does to Trudeau and Freedland (none of these are far-left in reality). I expected better, but I guess I shouldn't. The far-left environmentalist personification is cartoonish, not considering reality and the diversity of positions. Heck, the chicken essentially said he was an environmentalist. Also, "green" industry and innovation is often based on capitalism and profits, only it is challenging legacy energy like oil, I don't know why this isn't part of the analysis. In closing, the chicken sounds like an unserious propagandist for oil or sounds like a buzz word AI generator to make money off the narrative of the economic "right". I just want nuance in my analysis, not blind partisanship. For economic and investment decisions we need to understand real positions, no cartoonish ones. I guess that's what I learned; more ppl than expected follow blindly even when they say they don't. PS I am subscribed and am following this podcast since day one. Been following Steve for many years as well. But am disappointed with this content.
"Canada has outstanding institutions. Canada has amazing universities."
C'mon Doomie, do your homework bud.
Hard to take this guest seriously when he hides his face. The Loonie hour “stoops” to a new low.
I think the fear of "being cancelled" exists, but that "cancellation" doesn't really. No one who has been "cancelled" is really gone. Even Trump is back on X now.
Why does the leftist mob think they have the right to cancel people? It speaks to their character. They are bad people.
Trump and others are back on X (formerly twitter), only because of Elon Musk’s active takeover! Otherwise they would’ve been permanently canceled! 🙄
"Cancellation" is modern jargon for purging, and yes, it works; which is how liberal faculty have gone from 44.8% in 1998 to 60% now, Harvard over 80%.
Why risk your career to stand up for truth if, as a post modernist, you don't even believe in truth? Career is all you have left. Cancellation is a central tool in the arsenal, and its' primary power lies in keeping people shut-up.
Hard pass of Doop berg. Scrapping the bottom of the proverbial barrel now...
Truth hurts snowflake
You got invited to cop28 and didn’t go?
I’m sorry but this is a very disappointing admission.
If you are such an important and loud voice on this topic you have to go to these events or else you’re no better than any of the people you are calling out.
They aren't open to reality, just living in their narrative bubble. What's the point?
Uses the human flourishing trope. Really horrible content. Unbelievably naive and biased. Or pretending to be. Some kind of influencer who is given way too much credence.
Sucks when your talking points get disproved isn’t it?
Rich if that’s an attempt at growing a mustache get rid of it looks
All I know is everytime I hear Trudeaus voice I have to have a bowel movement. Right away. Off to the bathroom!
Great interview! This was an awesome episode guys. Thanks for introducing me to the green chicken