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Started By
Message
re: Biden's Energy Secretary to Oil Industry: "Adapt or Die"
Posted on 3/10/21 at 8:18 am to Centinel
Posted on 3/10/21 at 8:18 am to Centinel
you lack a creative mind
over the next century, I fully expect we will discover new ways to more efficiently harness and store "alternative" energies
does that mean O&G will become obsolete? no
but it does mean it will slowly be diminished, and thats not a bad thing
being dependent on one energy source isn't viable long term
over the next century, I fully expect we will discover new ways to more efficiently harness and store "alternative" energies
does that mean O&G will become obsolete? no
but it does mean it will slowly be diminished, and thats not a bad thing
being dependent on one energy source isn't viable long term
1
Posted on 3/10/21 at 8:19 am to BugAC
quote:
This will NEVER HAPPEN
As someone who has made my living in the oil patch and supporting the industry I can tell you it will and is happening, and the major players have been researching this since the Obama moratorium. I'm not saying it will happen overnight, but phasing to "renewables" from fossil fuels by energy titans is something that is actively occurring.
Posted on 3/10/21 at 8:19 am to HubbaBubba
People told Granholm’s biggest employers to adapt or die.
Instead, Obama bailed them out through loans and bankruptcies that fricked bond holders while helping out unions.
Instead, Obama bailed them out through loans and bankruptcies that fricked bond holders while helping out unions.
Posted on 3/10/21 at 8:20 am to tigerdup07
quote:
90% of drilling companies filed bankruptcy under the trump administration.
Not because Trump killed them with regulations though. Demand went down while supply went through the roof. Oil being volatile is nothing new
Posted on 3/10/21 at 8:22 am to Salmon
quote:
you lack a creative mind
No, I simply understand the power generation requirements for a stable grid in this country, and the limits on renewables such as solar and wind to provide that generation.
Not to mention hydro is going backwards in this country as aging hydro dams are being removed to allow rivers to resume their original flow rates to lessen the ecological impact on the surrounding areas.
Solar and wind, even at 100% efficiency, is nowhere near able to provide even our current grid requirements. There is no "creative minding" around that with renewables. Period. There is simply not enough real estate to place solar and wind farms on. Not to mention the NIMBY pushback that you'll get once those farms start impacting people's property values.
Which is why barring some exotic energy theories like zero point energy being proven, the future is nuclear.
Posted on 3/10/21 at 8:24 am to Centinel
quote:
olar and wind, even at 100% efficiency, is nowhere near able to provide even our current grid requirements. There is no "creative minding" around that with renewables. Period. There is simply not enough real estate to place solar and wind farms on.
you lack a creative mind
quote:
the future is nuclear.
most likely, yes
Posted on 3/10/21 at 8:25 am to Salmon
quote:
you lack a creative mind
You can't creative mind your way around physics.
Posted on 3/10/21 at 8:25 am to HubbaBubba
The government regulates who the players they don’t want out of the marketplace and legislates favors for those that they do.
Posted on 3/10/21 at 8:27 am to Centinel
quote:
You can't creative mind your way around physics.
lots of smarter people than you or I out there
I'm not going to pretend to know what technology we may have in 50 years
you keep saying what will never happen though, that never backfires on people
Posted on 3/10/21 at 8:29 am to Salmon
quote:
I'm not going to pretend to know what technology we may have in 50 years
Neither am I. But what I do know is the physical limits of solar and wind generation when it comes to providing sustained power generation necessary to maintain a stable grid.
As I said, maybe some egghead out there will perfect ZPE, or fusion, or some other exotic energy source.
That doesn't change the fact solar and wind have finite limits to how much power that can be generated, and how stable that power generation is.
Posted on 3/10/21 at 8:32 am to BugAC
quote:
quote:
and i'm telling you, we are picking up.
31-70 = ???
The industry is picking up, but it has nothing to do with those numbers. A true freeze on new permits now, forever, would really not have an impact on industry for 5-10 years. Oil companies have plenty of approved permits that they haven't touched yet. This is probably in the thousands on and offshore.
The O and G industry overall is in decline, but the energy companies are not. With that, everyone alive today is likely to drive a petro fueled vehicle at least at some point in their life. Most people 30 and over will probably always have a petro fueled vehicle. I'm not saying they won't have an electric vehicle, but they probably won't only have electric vehicles at some point. As of now, there is still not one electric vehicle that is appealing to me and the needs of my travel.
Posted on 3/10/21 at 8:33 am to HubbaBubba
quote:
"Adapt or Die"
Biden and his minions might want to be careful using this phrase
Posted on 3/10/21 at 8:36 am to Centinel
quote:
That doesn't change the fact solar and wind have finite limits to how much power that can be generated, and how stable that power generation is.
I wasn't limiting "alternative" to just solar and wind FWIW
Posted on 3/10/21 at 8:37 am to HubbaBubba
Its apparent that you didnt read the article. Typical booomer jump the gun false outrage
Its literally 7 paragraphs
Its literally 7 paragraphs
quote:
Her comment, made during IHS Markit’s annual CERAWeek conference, was in reference to the clean energy transition that serves as one of the cornerstones of President Biden’s platform, but she could just as easily be talking, in grander terms, about the administrative changeover that she is part of.
quote:
In Europe, Big Oil is already well into its transition to becoming Big Energy. Even China is getting serious about cutting its carbon footprint. The environmental, social, and governance (ESG) investment trend has gone mainstream, and some experts say that peak oil is already upon us.
It would be both naive and misguided to suggest that the world no longer runs on fossil fuels--it does, and will continue to do so for years to come. If, for some reason, the world were cut off from fossil fuels overnight, the results would be catastrophic. But the heyday of oil and gas has come and gone, and the future will reward those who have adapted to a decarbonizing economy.
Critics are correct to point out that telling fossil fuel workers to get jobs building solar panels is overly simplistic and deaf to the needs and struggles of this huge and imperiled workforce. But the real point is that those jobs are evaporating like it or not, with or without the Biden administration. Yes, the timeline will likely be shortened by current presidential priorities, and the seriousness of these prospects for oil- and coal-town economies can’t and shouldn’t be overstated, but in the long term, the outcome is the same. It’s time to adapt--or get edged out by another country that had no qualms about setting aside their allegiance to oil.
This post was edited on 3/10/21 at 8:39 am
Posted on 3/10/21 at 8:39 am to Clark W Griswold
quote:
Others like the big one in BR is just arrogant and dumb apparently
Go on, please....
Posted on 3/10/21 at 8:44 am to Steadyhands
I agree with you.
I think people forget about how much developing nations or poor(er) communities rely on petroleum based energy.
It will be around for the foreseeable future. What degree, no one is exactly sure. But that has been the nature of O&G since its inception.
I think people forget about how much developing nations or poor(er) communities rely on petroleum based energy.
It will be around for the foreseeable future. What degree, no one is exactly sure. But that has been the nature of O&G since its inception.
Posted on 3/10/21 at 8:45 am to Centinel
quote:
None of those three will ever be anything but a small supplement to the actual grid. And unless dipshits stop making nuclear more of a hassle than it's worth, we will rely on fossil fuels for the overwhelming majority of our energy production in this country for the foreseeable future.
There's a large geopolitical strategic advantage to becoming energy independent, which is why you will absolutely see the US government, R and D alike, embrace the growth of these technologies.
Do you think China is investing billions in a greener infrastructure because they're environmentalist hippies?
Posted on 3/10/21 at 8:47 am to mmmmmbeeer
quote:
Do you think China is investing billions in a greener infrastructure because they're environmentalist hippies?
No one with a brain would believe that as China doesn’t play by the same rules as the rest of us do when it comes to greenhouse gases do they?
Posted on 3/10/21 at 8:48 am to mmmmmbeeer
I'll believe that when their rivers aren't red. China lies alot
Posted on 3/10/21 at 8:49 am to Moustache
quote:
May as well shut off ac to Georgia this summer too since they went blue
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