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Originally posted by birdman29: ↑

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Why waste your time with "Free useless Wind and Solar "

This is the only way to keep things going !!

Russia is still passing off billions of dollars worth of oil products to the West — a sign that the West is still struggling to throttle Moscow's war revenue with strict sanctions.
Russia is still exporting its crude to Turkey, where refineries process the oil and later export crude products to the West, according toa new analysisfrom the Centre for Research on Energy and Clean Air.
CREA data shows that Russia sold $1.3 billion worth of oil to three Turkish refineries in the first half of the year. G7+ nations, meanwhile, purchased around $2 billion of oil products of Russian origin from Turkish refiners, the think tank estimated.
Western countries have ramped up their purchases from those three Turkish refineries since Russia began its invasion of Ukraine, the researchers added. The US, for instance, increased imports from those refineries by 335% on a yearly basis in the first half of 2024.
"G7+ countries have displayed little desire or political will to address the refining loophole and stop it since the beginning of Russia's full-scale invasion of Ukraine. While the loophole goes unchecked, G7+ countries have actually increased their imports from non-sanctioning countries, taking advantage of the situation by simply switching their supplier from Russia to third countries that are essentially functioning as Russian middlemen merchants," the researchers said.
It's not the first time Russia used its trading partners topass off energy products to the West. Indian refiners, for instance, funneled around 89,000 barrels of gasoline and diesel a day to New York, a 2023 Kpler analysis found.

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Second-hand electric car prices falling at faster and faster rate
SEPTEMBER 17, 2024
tags: Electric Cars

By Paul Homewood
h/t Philip Bratby
This hardly comes as a surprise!
Electric vehicles (EVs) are losing value at an “unsustainable” rate as a slowdown in consumer demand sends used car prices tumbling, leasing companies have warned.
The British Vehicle Rental & Leasing Association (BVRLA) warned that so-called fleet operators, such as car leasing firms and rental companies, are having to swallow large losses when reselling EVs because of “accelerated, exceptional depreciation”.
In most cases, these companies buy new cars and own them for three years before selling them.
Consumers who lease cars during these three-year periods effectively cover the value of losses through monthly payments, which are calculated based on estimates of how much a vehicle is expected to depreciate.
But in the past two years, the typical amount of “residual value” left over at the end of a car’s lease has plunged from 60pc to 35pc, the BVRLA said.
This means a car worth £50,000 when new will now drop to £17,500 in value over three years, instead of £30,000.
This leaves leasing companies facing unexpected losses.
Gerry Keaney, chief executive of the BVRLA, has warned the trend is “not sustainable”.
Speaking at an event in Parliament on Tuesday, he said: “The reality is that EV residual values in the last two years have dropped by 50pc.
“That is the evidence of the accelerated depreciation write-off that we’ve seen. And again, when we look forward two years, the rate of used EVs coming back to the market is about to double.”
Mr Keaney said the large numbers of EVs about to come into the used market was partly owing to the success of adoption through salary sacrifice schemes.
He said that EVs currently account for more than 80pc of cars leased through salary sacrifice schemes.
https://www.telegraph.co.uk/business/2024/09/16/second-hand-electric-car-prices-falling-faster-rate/
The lease companies only have themselves to blame. Any with an ounce of common sense would have told them nobody wants to buy the useless things.
The news is of course disastrous for anybody buying an EV privately. Not only will they have to pay an extra ten grand to buy it, they will also get much less when they come to trade it in.