Transcripts. Bannon’s War Room. Dave Walsh Breaks Down Europe’s Attempt to Switch to Total Solar Energy Production. December 1, 2022.

Topic: Energy. Dave Walsh. December 1, 2022.

Transcripts from Bannon’s War Room on Rumble: Dave Walsh Breaks Down Europe’s Attempt To Switch To Total Solar Energy Production

Published December 1, 2022.

Steve Bannon

But the other thing is energy. There's a big article in the New York Times. I got go to Dave about this, this war over there in this energy crisis, made them finally come to a realization, it's not natural gas, that all the allocation resources they're putting into solar and Dave, I wanted you on here because it kind of boggles the mind and I'm just trying to make sure we get a grip on this from the laws of physics.

You read that New York Times article. When you talk about baseload and running advanced industrial societies like I'm a pick some random names. Like France, like Germany, like Northern Italy, is it in the law of physics that you can actually shift to solar and everything is going to be fine, sir? Is that just a fantasy?

Dave Walsh

Well, in Europe, if you want the lights out, 7,700 hours a year and the year is 8,760 hours yeah, it's realistic, but who wants that? I mean, this article conflates and misstates and badly misstates the reality of this incredibly, because as they devote more and more to solar, more investment in more solar capacity the reciprocal of that, the other seven 7,700 hours a year that you need electricity will be furnished by natural gas.

This builds a monstrous, added codependency, on natural gas, in an effort to do this. And that's because, for example, in Germany, the solar value is about 3.7 hours a day. Take over here in Arizona, it's about 9 and Florida to about 6.  Average in the U.S. it’s about five and a half hours a day. In Germany, three and a half hours a day.

So, the total available time if you put solar panels across the whole country and Austria, you’d have 1,030 hours covered with electricity and then the other 7700 hours not covered with no electricity. That's how unrealistic this is because once again, it doesn't work at night. There's a comment in the article about solar working much less at night.  It doesn’t work at night.

It doesn't work after 4 p.m. This time of the year about 3:30 p.m. it's over. It starts at 10 a.m. it's over at 3:30 p.m. as far as any effective usefulness. The second thing that cost the cost of this, the big beneficiary of this process, I hate to say this many of our European brethren in the UK particularly online here, they're going to suffer at the expense of Americans, how so?

The exports of LNG will double to triple with this kind of process of possibly them doubling or tripling their solar farms because again the reciprocal all the time that it's not operating, which is 7/8 of the time, they're going to have to have natural gas running a background parallel system to have electric, lights on, and that's going to be natural gas from here.

Steve Bannon

You have to help me out here, because from the Enlightenment, the Enlightenment was supposed to be where the Age of Reason began, right? and we put away all this mythology of this medieval theology of Catholicism and all suffering. We're going to be rational Newtonian physics and move toward science.

This is what I don't get. You have what is the birthplace of kind of rational thinking, the great universities in France, and in Germany, in the United Kingdom and when I read these things and I hear these politicians. Like like our budget deficit or what's happening with our manufacturing is not the second law of thermodynamics. It's not some natural property. It's immutable. It's made by human actions.

When you listen to them about energy, I'm sitting there scratching my head going, what the immutable laws of energy they just kind of wish away and they come with these policies that are essentially deindustrializing their societies and going to crush their population. Walsh, you're my guy. Am I because I don't know this to the level that you know technically. Am I wrong in that? That's what's so weird about this, it just doesn't make any sense. It's not your logical. There's no rationality to it, sir,

Dave Walsh

You're interpreting it exactly correctly. They have spent, Europe, $770 billion to date on subsidies for renewables, since 2008 and look what that's gotten them. So, we're talking about doubling that in an era of no more free money, no more zero interest rates with massive more public debt to finance a double down of this and maybe another $800 billion of subsidies on additional renewables that simply only support a part of the time.  And I’ll give you another example of this.  The article mentioned well, oh, and you know, when the sun's not out, we have the wind, and we have the hydro. 

Two things with that.  Wind tends to blow during the day, about 40 more percent effective due to a concept called diurnal surface heating, sunlight warms the surface very unevenly. 

Wind tends to be much more dominant during the day when you have solar power, Hydro is for places like Canada where you've got low density population, a lot of rivers where you can actually do more damn building. Europe, like the 48 states here, we're done with dam building.  

You would have to dislocate, translocate, 28, 30, 40 million people, to dam the Mississippi, the Allegheny, the Ohio, whatever the Danube, the same thing. There's no more hydro to be farmed in Europe or harvested.

The article mentions that as a background of yet another renewable that can be played out, given the shortfall of solar.  No, it's going to be gas. It's got to be gas.  That's the only technology that cycles effectively behind solar.  And you're talking when you add the costs up, natural, gas back up with solar is about 3.4 times the cost to individuals then natural gas by itself and combined cycle would be.

With batteries, nine 9.4 times the cost, 9.4 times the cost if you have battery backup for the 20 hours, you'd need to back up solar, it’s at 9.4 times the present electricity cost there which is already, for example, Germany 4.5 times ours.  So, this is this is not about people. This is about the elites.  This is about Chinese Communist..

Steve Bannon

9 plus 4 times. It's over at nine hundred percent higher, is that what you're telling me?  (Walsh, Yeah) They have not notified their rate payers. They’ll have a revolution and here’s what I got to get to.  So, Macron comes over, remember they used to be because Société Général SocGen, I was in business with them, they bought my firm back in the 90s. They prided themselves back then of nuclear because all the guys of SocGen are all engineers, they’re all financial engineers, the way the French think, very strong in engineering.

They prided themselves with nuclear power industry at the time. Macron’s over here and he's pushing about money for the Ukraine war, about supporting the Ukraine war. How can they continue to push this war in Ukraine when it's completely disrupted the markets and the supply and quite frankly with France with this debacle now in nuclear, is almost in complete freefall as far as energy goes, sir.

Dave Walsh

It makes no sense.  The war as long as they haven't been paying for it, they're kind of okay with it, but they have been paying for it badly through energy in their inflation.  France, you know, we've had one reactor being built in Europe since 2007. It's still being built in Flamanville is the last company left in Europe that can build French owned.  French government owned.  Macrons Areva, the only nuclear capacity in Europe for plant building. Siemens was in it when Merkel announced the end of nuclear power plants in Germany. 

They quit nuclear plant building. So, we're left with a Areva. They're 15 years into a project that's 10 billion Euro over budget, the one reactor Europe is attempting to build. So, you've got that that drove the bankruptcy of EDF into Macron’s hands. So, he's now advocated as you know, the era of scarcity and let's get used to it because this is what we want. Well, this is what's being forced by the elite governments over there except in Italy, fortunately.  This is its inexplicable, Steve.

It's not really explicable with any rational logic. As we talked about populism this is this is the thing as you make decisions for people about these matters, energy whether its gas fired, power cheaper power, abundant power with reserve margins and you think about human beings you usually can get to the right decision. These policies aren't about the people of Europe. They're about the elites, and the policy of prosecuting this war for what ends to their benefit, is not really determined. Because the benefits right now are there hard to count because of the destruction of the economy..

Steve Bannon

One of the reasons I wanted to tee this up with how the European Elites are thinking, and it's kind of almost like madness, organized madness. I know one of the things we've all talked about Cortes myself, you, others about when we take over and have leverage and actually have the ability to drive the football, one of the first thing the House is going to do is put one of the first bills will be a full spectrum energy dominant bill.

I want you, we just got a couple minutes left, given the mindset of those in the Biden administration of the prepared to pay reparations to third-world dictators in the trillions of dollars, how unbridgeable a gap is it from the way we look at the world about energy to the way they look at it, and how big a fight is this going to be sir?

Dave Walsh

Steve it’s diametrically opposed. I mean, all of their policies, for example, about releasing the sanctions against Maduro's government to allow Chevron to help them Harvest, help Pedevesto harvest oil in Venezuela, as opposed to investing here in the same thing. Looking at an OPEC Nation as a supplier to us instead of supplying for ourselves.

This shows, what we've gone to instead of maximizing US supply, we've gone to our worst enemy on energy and that's OPEC. And we've gone to Iraq. We've gone to Iran. We've gone to Saudi Arabia, and we've gone now to Venezuela. And finally make a deal with Venezuela to help them resuscitate their economy by shipping oil to us through Chevron’s actions.  This is so diametrically opposed that it’s incredible.

And the other part on the need for base load energy, continuous duty energy here, the continued closures of coal plants, of nuclear plants forced by their policies just taking us to a place of rapidly escalating electricity costs that won't stop without that diversity of an energy mix of some nuclear, some calls, some gas, yes, some renewable, some hydro.

All the above makes sense when you're looking at any portfolio you want to manage cost, gas if we're solely dependent on gas, get prepared for very very spiky electricity costs in the country going forward. If you can't just have gas, you've got to have a diverse energy supply.  They're not they're not about any logic like that at all. 

END

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