Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: philv who wrote (67839)	2/1/2023 2:20:35 PM
From: sea_urchin	Read Replies (1) of 68415

He's got the story more or less correct. He should spell it Eskom not Eksom. It stands for Electricity Supply Kommission. The big problem was, is and will be the climate change/renewable energy bullshit because coal is readily available but because of "political correctness" can't be used. So instead, they use the emergency generators which run on diesel. Of course, this also produces CO2 - but no one mentions that. The big problem here is that they can't afford the diesel because it's damn expensive and the government won't pay. So they only run these generators for half the time. It's true that the old coal-burning generators are in a bad state of repair because they were not properly maintained. But, it seems, because of "political correctness" they are not being fixed. After all, we must have renewables. So the high-quality coal is being exported. They should have made nuclear plants years ago but because of prejudice they didn't. Also, the story is, the ANC appointees at Eskom, spent the money that should have been used for this on themselves. Solar is very expensive for what you get. One needs a big investment for little electricity - and then it's only in the day. And there mustn't be clouds. So very expensive batteries are needed for night requirements. And then there's the problem that the existing transmission lines run at hundreds of thousands of volts but the solar inverters produce electricity in the tens of volts. So, it's easy to talk about climate change and renewables but it damn expensive to do. And the country can't afford it They could get the Turkish Karpowership to generate some supplementary electricity but the opposition politicians say it's a scam and won't agree to it. Problem is the wife of the energy minister is employed by the company. So we are in shit - and it can only get worse. Meanwhile, my inverter got stuffed because I connected it to the wrong external battery (12v instead of 72v. I misread the 7 for a 1). So, until my inverter is fixed, I can only use my computer when the Eskom power is on. Lately it's off for 8 hrs every day in 2-4 hour "shifts". A fine way to live.

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