Transcripts. Bannon’s War Room. Dave Walsh The Biden Administration Targeting Gas Turbines. May 4, 2024
Topic: Biden Administration Targeting Gas Turbines. Guest: Dave Walsh. May 4, 2024.
Transcripts. Bannon’s War Room on Rumble: Dave Walsh: The Biden Administration's Targeting The Only Engine That Can Cover For Green Energy's Inefficiencies - Gas Turbines May 4, 2024.
Cold Open
Larry Fink Speech at World Economic Forum
And I do believe to properly build out AI we're talking about trillions of dollars of investing. So, data centers today could be as much as 200 Mega, and they they're now talking about data centers going to be one GW. That's what power is a city there. There is one tech company that I spoke to the CEO last week, who said right now with all their data centers, is about 5 gigawatts by 20. 30 they need. 30 gigawatts. 30. The amount of power that's needed to use AI is has huge impact in society. Where is that power going to come from? Are we going to take it off the grid? What does it mean for elevated energy prices for everybody else? If it's that I think it's going to represent some huge societal questions that we have not addressed the negative side, forget about the use of it, but just the generation of it is massive power, but that that is a huge investment opportunity. So that we you know the world is going to be short power.
Steve Bannon
There's so much to OK. So, Joe Allen, the AI, our AI editor, and Walsh, we'll get together over the weekend and then next week we're going to come and hopefully maybe take it out in the 6:00 show and break this whole thing down.
But I just had to get to this and Dave, just what he said right there. That is because there's so many in the climate cult sphere. They think they're so much smarter than MAGA. MAGA is a bunch of rubes that breathe through their mouths and wear bib overalls and wear red ball caps. Right, and say, Donald Trump is God, right? That's what they think. They're so bright. If you look at what Larry Fink's talking about right there, the plans already for AI as they look forward. Just the investment to get the computing power. But then when the computer ability to do it.
The algorithms to do it, but then we look at the data centers and actually the power to drive it. Correct me if I'm wrong right there. You change. You literally changed the entire structure of the foundations of society. It requires so much power, unless you go to immediately nuclear power, or if they come up with nuclear fusion. Am I wrong? Because everything they're talking about the power side is absolutely different than what Larry Fink's talking about having to go and you had the AI engine that's driving everything right now. Dave Walsh make it make sense to us.
Dave Walsh
Well for sure. It's true, I mean. Server centers when they hit 12,14 years ago or 3400 MW power consumers, really big ones we built for Dominion and Warren County Energy Center up West of Reston, about 1500 megawatts to support growing Server center need up near Western northern Virginia. Now these the AI facilities two to three times the energy consumption.
Steve Bannon
Hold it, hold it. Stop. Let's be blunt. You're up there building the power for the deep state and the reason they need it. That's the center of the deep state, baby. That's the Pentagon suburban office but continue on.
Dave Brat
Well, but now the AI you're talking about facilities with the, he's right 6-6 hundred to 1000 megawatts each huge thousand megawatts powers, about a million people. So yeah, a city. Now remember, Black Rock invests in everything. They're also an investor in independently owned power plants. They've always been independent power projects wind, solar and gas fire combined cycle. They're an investor in everything, including power generation. So, he's correctly pointing out that with this kind of energy demand coming up with service centers and AI, there is no way the solar and wind that are part time intermittent resources wind 37% of the time, solar operates 20% of the time, 19% of the time, that deficient energy will not work for mass use of power.
Steve Bannon
Hold. Hold it. Hold it. Hold it. Hang on. Hang on. Hey. Well, I got I. Yes, I agree that the plan that they're talking about, the climate plan. But right now, if you hit his forget, the craziness of the climate plan, if we were hitting on all cylinders, all power would essentially be taken for AI. You'd have to have a fundamental restructuring of agriculture and transportation and basically just the way we live, would we not or have I done the math wrong?
Dave Walsh
Yeah, no, this is just another incremental adder on top of massive power consumption. Massive power consumption also of course, by individuals and residents with pulp and paper, aluminum. Aluminum, very heavy user of power steel, making petrochemical plants, refineries, auto making hospitals, all existing huge units of users of electricity.
Were in short supply for traditional consumers already. There's a boom underway right now across the utility industry of now buying gas turbines for simple cycle use to augment the shortage created by wind and solar. We've really effectively built very few new major power plants in this country in the last six years, five to six years. Now we're in short supply already. Most regions calling for 6 to 7% electricity growth in the next year. Demand growth in the next year. The 10 year plan with the renewables boom was only 4 1/2 percent growth in 10 years of electricity supply. We're in a horrible place right now.
Steve Bannon
Hang on. You're telling me hang and we're in horrible place. And if you follow what Larry thinks saying an AI, we're going to be in a more horrible place. Last question, you're saying gas turbines you've been telling us gas. My destroyer was gas turbine. The first the US Navy ever built. So, I'm very familiar with gas turbines. I thought the Biden regime was taking out gas stoves out of out of federal buildings and don't want any more gas stoves, at the same time that the industry is actually going back to gas and gas turbine.
Dave Walsh
The Biden Administration also wants to shut down gas fire power generation by the mid to late 30s. They've said this repeatedly, but it is the only technology left in the near term to provide base load, continuous duty and intermediate power. There's nothing else. Now that they're going to shut down the balance of our coal supply, which is an increasing disaster, Fink is right and he appears to be right based on overall demand, we're not making demand.
This is what I've been saying for three years. The only way out of this for the next 10 years is to build out a lot more gas fired generation because as we've talked before, the reciprocal of the time that these renewables don't work, the only thing left to do is install gas turbines to meet the deficiency of time that renewables don't work, which is in 80% of the time solar doesn't work and wind 70% of the time doesn't work. So that's not what's happening.
Steve Bannon
You're going to see Dave Walsh is going to be 100% right in this whole thing. Walsh, where do we get to you on social media, brother? You're a prophet.
Dave Walsh
You can you find? Me on the GETTR at Dave Walsh Energy and Truth Social, the same. Thank you, Steve.
Steve Bannon
Dave Walsh should become one of the most brilliant guys in this country about talking about energy. He's been dead spot on since he started the show a couple of years ago and now it's all becoming clear of what has to happen. If you look at Larry Fink and what this the whole fantasy on artificial intelligence, the dangerous fantasy, restructuring of all society, OK.
END