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re: There’s more oil and gas than ever — and the industry is tanking
Posted on 2/12/20 at 5:12 am to buckeye_vol
Posted on 2/12/20 at 5:12 am to buckeye_vol
quote:
It’s not moot when the alternatives are now here.
What alternatives? As Hubert’s image pointed out, nuclear plateaued decades ago and renewables have been nearly the same, as well. Wind is highly regional and not a viable large-scale replacement. Solar is also highly regional and heavily subsidized. China and the U.S. make up ~75% of total solar cell production for precisely this reason. If it was just around the corner from taking over don’t you think production would be ramping up in more places?
Combined solar and wind don’t account for more than a couple percent of large-scale energy production. I’m sorry, but electric cars aren’t crushing the O&G market if they simply shifted the consumption down the line to the power plants.
Posted on 2/12/20 at 10:26 am to Decisions
quote:
I’m sorry, but electric cars aren’t crushing the O&G market if they simply shifted the consumption down the line to the power plants.
Would crush the O and possibly benefit the G.
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