544 days ago
A couple of years ago I did a podcast suggesting that the share price of ITM Power (ITM) was truly bonkers. In the mad rush to buy “green” investments it then got a bit more “truly bonkers”. That is the problem with bubbles, they can just keep on expanding far longer than most folks think, defying all logic. And green energy clearly is a bubble.
3074 days ago
Once again sincere apologies to Jabba The Hutt groupies for failing to pick up David Lenigas on anything in yesterday's podcast. Before you all get cold turkey, I have a few observations about Octagonal (OCT) nonsense today.I start with a look at React Energy (REAC) a trainwreck involved in green energy shite. I suggest that anyone who believes in this hocus pocus nonsense should read "The Real Global Warming Disaster" by uncle Chris. Then it is onto Anglesey Mining (ATM), Golden Saint Resources (GSR), Slater & Gordon (TOAST) and Northern Petroleum (NOP). See you all tomorrow at Gold & Bears in London.
3246 days ago
Today comes the news that planning permission has been granted to a £1 billion wildlife destroying green energy project in Swansea bay. This will cost the British consumer vast amounts of money but the political, media and business elite are right behind it. The Swansea bay tidal energy scheme shows the folly and corruption of an elite that has never been more out of touch with the plebs, the punters, you and me. We who pay the bills.
It will cost £1 billion to build the scheme, a massive seawall containing 16 turbines that generate power as the tide goes in and out. Migrating fish, like the ones that the uncles of my daughter catch in the river Tawe will be minced like the birds that are chopped by wind turbines. But it is all in the name of the environment so who cares?
The cost of this scheme and the fact that tidal power is not that er...powerful means that the £1 billion scheme will generate only enough electricity to power 155,000 homes - that is to say 90% of the households in the post industrial welfare slums of Swansea.
But the capital cost and the ongoing cost of maintaining underwater turbines means that for the consortium behind this which includes AIM listed Good Energy (GOOD)
3979 days ago
The pain in Spain falls mainly on….everybody. But right now it is investors in a range of solar schemes that are taking an almighty beating and there is a lesson and warning here for anyone considering backing any one of those numerous solar or wind schemes you see flagged as sure-fire winners across the globe.
If you are looking for a safe alternative investment
