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Not IF, but WHEN. $Bs being poured into energy storage tech. BigOil's future is only little more rosy than BigCoal's.
Not IF, but WHEN. $Bs being poured into energy storage tech. BigOil's future is only little more rosy than BigCoal's.
Oil is a finite resource. It's not going to last forever though. Hopefully people realize that.
Well, duh. And as it becomes more scarce and it has to be sourced in more and more expensive locations (deep water, arctic, tar sands) it will become more expensive and alternative energies will achieve economic parity or dominance.
I'm not sure energy companies are really preparing for the future with that in mind, at least not in any meaningful way.
More immediately, peak "cheap, easy" oil has already been passed.
I know Exxon has spent a buttload on Hydrogen research. They tend to focus on transportable fuels as opposed to stationary/random generation fuels like wind and solar.
They told us the strategy of "Drill, baby, drill" would leave to great economic prosperity and undermine the economic power of the OPEC and the Middle East. That hasn't worked out too well...
Repugs are ALWAYS wrong
Not sure i understand your argument. It certainly precluded The Middle East from ever again using oil as an economic weapon like they did in the 1973 embargo.
Saudi Arabia has been weaponizing oil as a weapon to shake out the US frackers as compe ors. 100s of them have gone out of business.
So? The oil and wells are there. The small fry will get swallowed up by the big guys. There are currently THOUSANDS of wells in the US that have been drilled while prices to drill are cheap but not fracked and put into production. The oil and gas is still there.
Saudi Arabia has been weaponizing oil as a weapon to shake out the US frackers as compe ors. 100s of them have gone out of business.
You have to look at the trend. Parity may not be as far away as you think. The global trend of investment will continue to bridge the gap.
http://fs-unep-centre.org/sites/defa...y_findings.pdf
pertinent stats here: https://www.lazard.com/perspective/l...y-analysis-90/
The carbon needs to stay in the ground, extract no more than absolutely necessary, and certainly export none of it, crude or refined.
what are? :
This analysis does not take into account potential socialand environmental externalities (e.g., the social costs of distributed generation,"
true, it does not. but it does give factual context to CC's glib generalization about the feasibility of alternative energy.
conservatives are always self-interestedly wrong
Congress gives solar and wind energy a big shove, extends tax credits another 5 years:
http://www.bloomberg.com/news/articl...eally-big-deal
get over yourself.
not everyone who disagrees with you is a conservative; not everyone who disagrees with you is wrong.
a few years back you predicted Big Oil and Repugs would smother alternative energy in its cradle. as usual, you were wrong.
was picking up some panels yesterday. My vendor said yes, extended, but at less than current 30% and decreases, and phases out completely. (BigOil subsidies have run for decades with no end in sight)
In exchange for the wind/solar boots, the $100Bs made by BigOil by exporting Human-Americans' natgas and crude oil don't phase out.
Dems and America got ed by Repugs/BigOil again.
lmao. As far as I can tell I'm the only one in here with solar panels on his roof.
mine aren't on roof, they're on 8" monotubes and 2-axis trackers
Last edited by boutons_deux; 12-20-2015 at 08:33 AM.
supposedly obtained through welfare, fatty.
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