Yep, same here.

What are you smoking? Prices for the European electricity spot-market (and that is what we are talking here) are set by auction conducted every 15 minutes. 15 Minutes was the grid load planning interval. Now it is 10 minutes. You are still wrong for the regular market, because these are long-term commitments, and if you cannot deliver, the fines are huge.

Seriously, you really know nothing, and not in a cool way.

I can and all the experts here (Europe) do. Because France kept buying electricity at peak-hours at significantly higher prices than normal. Remember those Old German coal plants that were kept up? The electricity they produced when to France because under the European grid rules everybody that could had to supply electricity to keep the French part of the grid from crashing.

That diagram is crap because it does not show what is really happening. Yes, France did export in off-hours at dumping-prices or even having to pay for it. Then they needed to import again at high-usage times when they were paying though the nose. Some understanding how the electricity market works required. Hence total energy flow does not even matter. What matters is what they paid and what they got paid. And the former was massively higher than the latter and that drove prices up all over Europe.

Seriously, this has been analyzed to death in the European media. There is not doubt this is what happened.

Indeed. And you end up with something better (not band-aid fixed) as well.

Dear moderators. Factual statements are not "flamebait". Now waste some more of your mod-points!

If the all-time high is reached, selling will become impossible. Remember this is "greater fool" speculation and as soon as the fools run out the price drops to zero. Essentially the whole crapto idea is a complex take on the pyramid scheme.

Indeed. You cannot even get to be a billionaire with honest work, no matter how smart and lucky you are. At those heights, it is always done by taking it away from somebody else.

Indeed. Bitcoin and other crapto are not even "finance", so they are even _less_ regulated than DeFi.

Yep. As soon as more than a few try to sell, it will crash. And even if you sell right now, you will get significantly less than this number. If you find a buyer at all, that is.

The thing here is that you're burning coal for the purpose of not having to burn coal again. You'd have to have an attention span of a gnat to not see that far ahead.

We can't go straight to zero emissions guys. There's gonna be a transition. This feels like clickbait, lacks long-term thinking, and is not a reasonable argument.

Materials to build Henry Ford's first factory were delivered by horse-drawn carts.

...Solar power is viable because the Mediterranean climate is high conducive of solar power installations. I can see a lot of them in Spain, Italy, the Balkans and Greece.

But northern Europe? Not so much. In winter, shorter daylight hours and harsh winter weather makes solar power much less viable.

Indeed. And on the plus side, even the experienced people did think they were faster, when in fact they were slower. That effect will be even stronger with inexperienced people.

And by the time the first "warning" was raised- the girl's camp was under water. The "emergency" wasn't raised until hours later.

And the republican legislature (including the repp for Kerr County) voted down the flood siren warning system. He says now that he "might" have voted differently.