Transcripts. Bannon’s War Room. Dave Walsh: Denver City Residents have Thermostats Remotely Controlled by Utilities Company due to Energy Crisis. September 1, 2022.
Topic: Energy. Guest Dave Walsh. September 1, 2022.
Transcripts from Bannon’s War Room on Rumble: Dave Walsh: Denver City Residents have Thermostats Remotely Controlled by Utilities Company due to Energy Crisis
Published September 1, 2022.
Steve Bannon:
Dave Walsh talk to us about, cause you're the one that said, and I think this triggered it when you said hey, Great Britain’s got inflation today, the 13%, that's nothing. Their energy costs are going to go up for full 4 or 5X not four or 5% not 50%, four or five times by next Spring. Dave Walsh, give me a couple of minutes on Europe, energy, the implosion of the Judeo-Christian West starting in Europe Sir.
Dave Walsh:
Well, we had even a month ago, Germany, Hannover Germany no hot showers publicly, privately by mandate. We had a pub in the UK yesterday publish a $77,000 annual gas bill that they're projecting, but this is the reality.
Steve Bannon:
Hold it repeat this because is the thing £77,000? Is that what it was £77,000 for the energy cost projections?
Dave Walsh:
A large pub held up a projected bill for his next 12 months energy supply by £77,000, if prices continue where they are and then it you know yesterday over $1000 bucks per megawatts hour (inaudible) based on that, that's where he'd be, It’s something like 40% of his revenue. Well, it's a complete disaster. Energy is the core of everything. We've talked about that extensively.
Okay the latest goings on over there you get the Nord Stream shut down again, so we had a big blip up in gas prices but now in the meantime the EU Commission is announcing some sort of collaborative effort they're going to try to enforce to get countries to align with price caps. And force price caps on Australia, Qatar, the US the importers of LNG and Algeria, importers of gas into Europe to attempt to enforce price caps.
It's going to take 18 countries to get along with holding the line on some theoretical price cap situation that's what the government is pushing there. It's had some effect on near term pricing. The price of per dekatherm of gas is stabilized back to where it was Monday.
Steve Bannon:
Hang on I got that but that's all been look the bottom line is we told the Germans. Trump and I told the Germans back when the Merkel came over, you have an entire economic system that you've predicated, an industrial system that you predicated on plentiful and cheap Russian natural gas. You are playing into the Russians hand. If they ever decide to cut that off or raise the price you're toast, because you took your energy policy from a 13-year-old Scandinavian petulant Scandinavian teenager and you shut down everything else.
Dave Walsh, in fact before I even get to Germany and get to Europe, I got to ask you about California I think there's some breaking news I'm just hearing about Denver not our beloved Denver, the control room that helps produce our show and does such a great job at Real America's Voice. I love these guys but what just happened at Denver Utility even as you were on the show. Tell me what happened.
Dave Walsh:
Well apparently, its Xcel Energy. Anybody familiar with these smart thermostats you can get in your home, that the utility can interconnect with and control remotely. Apparently yesterday morning 22,000 ratepayers in Denver found out that their thermostat was shut off.
They couldn't access it because of the remote access by the utility wanting folks to shut down air conditioning. Now temperatures in Denver is in the 90s. This isn't like a major catastrophe. It's kind of normal. A resilient traditional reliable utility in this country is prepared to deal with peak temperatures and low temperatures. That's what a utility is all about. The temperature is not causing this. It's over absorption of renewables.
Steve Bannon:
No, but I don't think, I'm not so sure people understand when they do these smart utilities that the utility just make it on their own determination to reach. I think the buried lead I'm not sure people that signed up for that, which I don't think you should ever do, but people who signed up, I don't think they ever realized that the utility can come in, hey by the way if it gets too cold in the winter and they need some they just take it down or take it up. I'm sure 22,000 if we called them up right now 90% would go, I didn’t know that could happen, Dave Walsh.
Dave Walsh:
Probably didn't know it. Yes, they can control your utilization remotely amazing.
Steve Bannon:
Okay give me California.
Dave Walsh:
The issue again it's not high temperatures, that's media spin. It's not high or low temperatures. Robust resilient reliable utility systems are set up to deal with high temperatures and low temperature peaks. What they've got is 37% dependence mainly in southern Cal on solar.
California has kind of what's called a duck curve the CAISO system of electricity demand meaning the high peaks begin at 4:00 pm and go up through about 9:00 PM when folks get off the freeways, get home put on all their appliances, put their AC up. That's when you've got the peak utilization of electricity in California. guess what turns down right about the same time? the solar concentration coming in from Arizona, New Mexico and Southern Cal begins to wane and dissipate at 4:00 PM.
So, you've got basically a thing of nature where because they're dependent on 37% solar inputs and have methodically shutdown baseload continuous duty, big plants like the Sana Onofre nuclear plant a couple of years ago, 2300 megawatts baseload continuous duty shutdown, you've got now 37% dependent on solar in Southern Cal and guess what? it's 4:00 pm, it's not there for you. So, what they're into in a in a hot peak period which again Southern Cal Edison PG&E need to be with the support of their Public Service Commission that they don't have, prepared to deal with peak temperatures and low temperatures…
Steve Bannon:
The voters up there need to get off the ass. Let me be blunt. And I realize we got a big MAGA base, you guys going to fight. But the Independents and moderate Democrats you got to understand this is why people are leaving. How could people, trust me as young man you get to California you never want to leave. People are leaving California. And this is middle class. They're leaving and going to Texas. They're going to Montana. They're going up to Idaho. They're going to Wyoming. Hey if those states don't get focused right, you're going to be overwhelmed. You're going to turn into California cause that's what's coming up there.
Dave, I want to go back to Europe you called this months and months ago. You said this was going to happen. Now the stories all over the place but I want to make sure people understand something. It's just not the £77,000 or Euro bill to the pub guy that's going to put him out of business. It's also everything. Energy is the basis of everything in an industrial and postindustrial society, particularly food production. Tell me what's going to happen to food in Europe Sir.
Dave Walsh:
Well like minister Habeck in Germany announced voluntary 15 to 20% gas consumption reductions, natural gas consumption reduction. So, you get an industry as of yesterday beginning to announce to curtail production in Germany, which the economy there is entirely based on steel, heavy machinery electronic manufacturing, electrical equipment manufacturing, all heavy heavy electricity based manufacturing, beginning to curtail manufacturing schedules and production, announced yesterday by many German companies.
The food thing we haven't seen that yet. You know nitrogen-based fertilizers are 80% of global fertilizer content. Prices went up four times a factor of four times last year in terms of nitrogen-based fertilizers. For the fall harvest we're going to see beginning in about 3 weeks in Europe and here, is going to be diminished by the lack of planting that occurred in the Spring due to the huge high cost of nitrogen-based fertilizer inputs into the fields.
A lot of fields were left fallow and not planted because of the 4X nitrogen costs were prevalent already in January February before this recent pinch. So, in the food thing is going to hit in about 3 weeks when the Fall harvest comes into play and we see commodity prices of corn, wheat soybeans etc. go through the roof, because of lack of planting.
Steve Bannon:
Dave how do people follow you on social media? I want everybody to get to you on GETTR. How do they get to you?
Dave Walsh:
@DaveWalshenergy thank you Steve, appreciate it
END
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