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re: Stated at CERAWeek: Hydrogen adoption will cost Europe, US more than $1 trillion
Posted on 3/18/24 at 1:20 pm to ragincajun03
Posted on 3/18/24 at 1:20 pm to ragincajun03
K. We've spent no doubt more than that on oil infrastructure.
A Saudi oil company CEO doesn't want to see the world shift away from oil? Here's my shocked face
quote:
In contrast, Saudi Aramco CEO Amin Nasser at the same conference said the world would be better off it were to focus on reducing carbon emissions from oil and gas rather than shift to other energy sources and technologies.
A Saudi oil company CEO doesn't want to see the world shift away from oil? Here's my shocked face
This post was edited on 3/18/24 at 1:22 pm
Posted on 3/18/24 at 1:33 pm to DavidTheGnome
quote:
We've spent no doubt more than that on oil infrastructure.
Because O&G infrastructure can pay for itself and more as as O&G is brought to market.
Posted on 3/18/24 at 1:48 pm to DavidTheGnome
quote:
K. We've spent no doubt more than that on oil infrastructure.
No, the economic utility of oil paid for the infrastructure. In contrast you will have to spend a trillion above the economic utility (which is probably already negative) for hydrogen.
Posted on 3/18/24 at 1:50 pm to DavidTheGnome
quote:
K. We've spent no doubt more than that on oil infrastructure.
Which we already have.
Youre talking about doubling more spending.
Posted on 3/18/24 at 7:08 pm to DavidTheGnome
quote:
K. We've spent no doubt more than that on oil infrastructure.
The US government has allowed private companies to, because of the profit incentive to do so. Besides, the Green new deal had proposed budget of twice this, so I’m not sure how this figure is reasonable.
quote:
A Saudi oil company CEO doesn't want to see the world shift away from oil? Here's my shocked face
He works for the state. And they will be vastly better off than almost any country in the world putting artificial limitations on their energy production, seeing as they have an abundant and easily attainable supply.
But no need to clutter your brain with any of these practical considerations, the end sounds so good.
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