Lord Benham (Lord / Sir) (@LordBenham) header
Lord Benham (Lord / Sir) (@LordBenham) profile picture

Self titled Lord. Wasps and Chelsea. Apparently “far-right”.

Cheshire, UK
Joined August 2014
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Lord Benham (Lord / Sir) retweeted
The grid is looking precarious this winter. Grid balancing costs keep spiking off the charts. I've seen all manner of creative excuses this morning but this is a crisis tewnty years in the making. It was around 2008, or thereabouts, when I joined a large energy firm to do a highly uninteresting job, only made interesting by way of my co-worker being one of the lead programmers on the energy trading desk who explained to me in great detail how the grid works. I was already dimly aware of the overall energy strategy. The idea was that we were going to blow up our coal power stations and build windmills instead, on the presumption that "the wind is always blowing somewhere" and that the easter bunny would intervene in the event there was no wind. But we knew about dunkelflaute even back then. They knew very will the wind is not always blowing somewhere. But this was a manageable problem because there wasn't all that much wind capacity to offset. You could disguise the problem with importing energy through interconnectors. It was a relatively small problem that could be disguised. But then we did start blowing up our coal power stations, letting our nuclear power age out, and didn't bother to replace our baseload capacity. We instead built windmills. Rather a lot of them. We built them in far away places, requiring long transmission lines for intermittent power that the grid struggles to assimilate. Making up the shortfall always depended on gas because most large energy plants can't be ramped up and down at a moment's notice. The problems started when shortfalls were measured in gigawatts. The more windmills you added, the greater the instability. This was known in 2008 and the problem was never acknowledged. Even back then, realists were saying this only had one destination; rolling blackouts. It's been looking hairy since 2022, and the situation has only worsened, exacerbated by a deliberate decision to run down and close our gas storage facilities, making us more reliant on the day-to-day gas market - which is notoriously volatile, especially when wars break out in our vicinity. Some renewable energy enthusiasts did acknowledge this might be a problem, but they said it would be a small problem, and that by now, there would be millions of electric cars plugged into the grid that grid operators could use to even out shortages of wind. On paper that was a good idea, if only to even out the odd hour of wind loss. The strategy, though did not address the prospect of days and weeks of cold conditions with no wind, or the fact that nobody wants an EV. As more wind generation was added to the grid, this problem became bigger and bigger, with no real thought as to what was going to keep the lights on in a crisis. We also banned extraction of our own fossil fuel reserves meaning that we are now wholly dependent on gas imports from wherever we can get it. Now at this point, if you're not politically attuned, you're probably thinking this is a seriously dumb policy that's so dumb that our politicians couldn't possibly have been this retarded, so there must be some other explanation. If only that were true. The problem is that a number of subsidies and market incentives were put in place so that the energy sector would concentrate on building windmills. There was (and is) big money involved, so there is a very influential wind energy lobby that misdirects the national conversation and influences our MPs. They are easily bamboozled and incredibly gullible. Consequently, realists lost the argument. The warnings we've seen in recent years from the indefatigable @KathrynPorter26 (et al) are just the latest generation of energy wonks to notice that making your power grid weather dependent is a shit idea. Anyone raising the alarm is immediately accused of being a "climate denier" despite warnings from them that there are certain facets of the climate that we ought to pay more attention to. Namely that Europe is prone to protracted periods without wind and sunshine. While our Liberian energy minister can be forgiven for not knowing this, her many predecessors cannot. So we're now in a position where we have gigawatts of windmills installed, doing absolutely bugger all, at times when people are known to need heating and lighting. So now we're scrambling for gas from whatever we can find it, regardless of the cost - and making "resilience" plans for the near future when the grid stops working completely (which they will blame on Russian hackers). This is made all the more precarious because the European power stations we import from have more demand than usual, not least because of the dry conditions this summer, meaning hydro is less available, and we're feeding cruise missiles into a regional conflict that is currently demolishing European grid infrastructure. This would be a good time to fire up our redundant coal burning stations, but the last Tory government demolished them. This is a situation that energy analysts are describing as "bad". Of course, that is a matter of perspective. Should there be a cold spell where the grid trips out for weeks, or we're reduced to energy rationing, many of you will simply die, thereby reducing demands on the grid and other public services. This is a necessary sacrifice toward our green energy future which, after all, is the priority here. We no longer cling to the archaic idea that the grid should serve the needs of the economy. It is we who must change!
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Lord Benham (Lord / Sir) retweeted
Why can’t hackers do something useful and relatable? Don’t be fucking around with freezers. Hack into Mastercard and wipe out all evidence of spending. Lower the prices at petrol pumps. Shut down Microsoft Teams, or takedown Outlook for 72 hours. Win hearts and minds!
🚨 NEW: Britain is on alert to protect Tesco and Sainsbury's fridges amid cyber attacks on similar fridges across Europe Hackers are remotely accessing them and turning temperatures up to as high as 80C
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Lord Benham (Lord / Sir) retweeted
Slavery was an evil in which people from every continent and region participated. We should be honest about the whole history, not select the parts that are politically convenient today, especially given Britain's leading role in ending the transatlantic slave trade. If Caribbean countries are asking Britain for a formal apology for Britain’s role in the transatlantic slave trade, will they also be asking the same of the descendants of African kingdoms, rulers and merchants who captured, sold and profited from the trade? On demands for reparations, whether through cash or debt relief, we have been down this track before. Twenty-five years ago, Jubilee 2000, Drop the Debt and Make Poverty History argued that cancelling the debts of poorer countries would give them a fresh start. More than $100 billion of debt was eventually written off, but many of those countries have since built up even bigger debts. Labour are already spending too much on Britain's welfare state, now is not the time for Andy Burnham to be providing global welfare. There is no reason British taxpayers today should be held financially responsible for things that happened generations before any of us were born. And I have even less patience for political elites in commonwealth countries who don’t know how to make their own citizens prosperous now looking for another opportunity to blame Britain. As Prime Minister, Andy Burnham should be Britain’s greatest defender. Instead, he is writing articles saying we need to confront our history (as if we haven't done enough of that) and considering another formal historical apology. Tony Blair already expressed Britain’s deep sorrow and regret for our role in the slave trade nearly twenty years ago. There is no need to do so again. This is all another navel-gazing distraction. The Commonwealth should be looking forward, not endlessly backwards. That means economic partnerships to make us all richer and deeper military and security cooperation against common threats. If every Commonwealth summit becomes an exercise in presenting Britain with demands for cash then we need to start asking if it is worth the effort.
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Lord Benham (Lord / Sir) retweeted
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Lord Benham (Lord / Sir) retweeted
🚨Sneaked out by OFGEM this morning, a warning for the first time EVER they cannot guarantee that demand will be met on a peak day in winter. Let’s be clear what that means. They cannot guarantee that homes will be warm, lights come on or industry function on a peak day this winter. And why? Because of an accelerated decline in domestic gas supply from the North Sea. So what is the solution? For British bill payers to pay more, to IMPORT more from Europe (specifically Belgium) to keep the lights on in Britain. Britain. A country with vast supplies of gas, untapped, deliberately due to Labour policy now going cap in hand to Europe and paying vast sums to import foreign gas. It is utterly outrageous. You couldn’t make it up. ofgem.gov.uk/sites/default/f…
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Lord Benham (Lord / Sir) retweeted
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Lord Benham (Lord / Sir) retweeted
BREAKING 🚨 I understand that the First Lord of the Treasury, Prime Minister The Rt Hon Andy Burnham MP, is calling an emergency national press conference to be broadcast tomorrow at 8pm on all channels Setting out his top 10 tips for cleaning hacks and household chores
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Lord Benham (Lord / Sir) retweeted
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Bit rude, after everything the BBC has done for them to be betrayed like this.
🚨🇦🇫 NEW: The Taliban has suspended the BBC's FM radio broadcasts across Afghanistan [@reutersasia]
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Lord Benham (Lord / Sir) retweeted
😬🙄😅
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Lord Benham (Lord / Sir) retweeted
“The fasten seat belts sign is on”. This is a message I received early this morning from one of the UK’s most experienced, savvy and respected financial traders. Someone I have come to know and trust for the last 25 years. 10-year bond yields are now almost 4.5pc - up some 50 basis points over the last month. 30-year yields this morning went above 6pc - a 28-year high. Yet the UK’s political and media class continues to focus on party posturing and folksy rhetoric, ignoring the slow-motion disaster that has been happening on the UK’s sovereign bond markets for at least the last 18 months - a disaster that will inevitably, unless we drastically change course, turn into a fully blown market meltdown. At that point, the UK government won’t be able to borrow enough money to finance our already spiralling debt interest bill. Britain’s financial management will be taken over by overseas technocrats - that will be the condition of additional borrowing, to maintain the basic functions of the state, as happened in Greece and Italy back in the early 2010s and here in Britain 50 years ago this year (when we were forced in 1976 to apply to the IMF for a bailout). The austerity then imposed on Britain would make 2010-2019 feel like a picnic - far, far worse than it would be if we took serious action now to control our public finances. Lower-income households would suffer most - and there would be serious damage done to the UK’s already rapidly-fraying social fabric …. I have been warning about these looking fiscal dangers publicly, in my newspaper columns and elsewhere, since at least early 2024. Doing so hasn’t been easy or fun. I have been dismissed and derided by numerous economists, “economists”, officials and policymakers - as well as lots of journalists. I absolutely don’t want a disastrous 1976-style outcome - which is why I’ve taken the blows and issued the warnings. The state is too big. Public spending is out of control. Our fiscal rules are a convenient nonsense - designed to kick the can of financial reality into the future. We need to get real … and take bold action to tame the growth of spending, push back a now totally over-bearing state and snap the British economy out of today’s high-tax-high-borrowing-low-growth doom loop - the result of myopic, counter-productive policy-making by successive governments for the last decade and more … Other prominent economists who agree with me - ie who are financially-literate, can read a yield curve, have a passing interest in economic history and who understand the dangers of some 80pc of UK government borrowing going on debt interest as it currently is - need to chuck “career risk” in the bin, and start saying publicly what so many of them have, for quite a while now, only had the bottle to say to me in private … Remember: “The fasten seat belts sign is on”
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Lord Benham (Lord / Sir) retweeted
No words needed
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Lord Benham (Lord / Sir) retweeted
Going out like a real man
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Lord Benham (Lord / Sir) retweeted
It’s like a special needs class.
Not a good look from mad Ed as Andy Burnham enters stage. He looks very ghoulish in this clip.
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🚨 I wasn’t planning to post this just yet, but what I’ve uncovered is too big to sit on. Consider this a taster — the groundwork for exposing how Labour politicians in the North have hijacked devolution to funnel public money into companies they’re directly connected to, all while claiming to fight poverty. (Note: This thread focuses on North Tyneside. Information relating to Bridget Phillipson will follow.) A thread 🧵 1/17
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Lord Benham (Lord / Sir) retweeted
Two days ago I was Halal slaughtering my neighbor's Rottweiler. It was hanging upside down in my basement, and there was blood everywhere. Muslims think dogs are dirty animals and should not be kept as pets, but slow roasted Rottweiler ribs paired with an earthy red is simply delicious. So I saw the opportunity to please both myself and the Muslim community. Then my neighbors started looking for their missing dog. They even put up pictures of him throughout the neighborhood. I decided not to tell them. It would just cause more trouble, and they are not as culturally understanding as I am. Instead I went over to them with my Rottweiler ribs and an indoor cat chutney from my freezer that I made last year from their cat Sparkles. With every bite they were doing Muslims in our community a favor, while also enjoying a nutritious meal. This is integration. This is showing respect. This is multiculturalism. Have a wonderful day, Wolfgang
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Lord Benham (Lord / Sir) retweeted
When you realise that comparing pork scratchings to scampi fries doesn’t cut it in world geopolitics.
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The UK has 3 problems Islam Labour The far left
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Hypocrites
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