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Colonel Flagg
New Orleans Pelicans Fan
Baton Rouge
Member since Apr 2010
18673 posts

re: Bloomberg: Big Oil Goes Looking for a Career Change
The green jobs push by politicians is a scam for money.


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111
bnb9433
New Orleans Saints Fan
Member since Jan 2015
6885 posts
 Online 

re: Bloomberg: Big Oil Goes Looking for a Career Change
quote:

O&G is going to get hammered over the next 10 years as more and more electric vehicles come online




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fallguy_1978
LSU Fan
Half mile from St George
Member since Feb 2018
28367 posts
 Online 

re: Bloomberg: Big Oil Goes Looking for a Career Change
quote:

O&G is going to get hammered over the next 10 years as more and more electric vehicles come online

We probably have hit peak oil consumption in this country but it's not going anywhere. China and India are probably nowhere close.

I think it will take a lot more than 10 years for EVs to become even a majority of passenger vehicles. I'd say 20-30.
This post was edited on 9/16 at 2:42 pm


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61
crazyLSUstudent
LSU Fan
391 miles away from Tiger Stadium
Member since Mar 2012
3490 posts
 Online 

re: Bloomberg: Big Oil Goes Looking for a Career Change
Y'all wait and see. Battery technology is going to take off over the next decade making it a much easier choice for consumers to choose electric over gas.


AllDayEveryDay
Texas A&M Fan
Nawf Tejas
Member since Jun 2015
1672 posts

re: Bloomberg: Big Oil Goes Looking for a Career Change
Where ya think that battery power is coming from ya dummy?

Solar and wind?




wutangfinancial
LSU Fan
Dallas, TX
Member since Sep 2015
4565 posts

re: Bloomberg: Big Oil Goes Looking for a Career Change
Dude electric power is mostly generated by fossil fuels. You climate people wouldn't want a transition that quick it would be a boom for O&G. People are so bad at predicting the speed of stuff like this


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42
Teufelhunden
LSU Fan
Galvez, LA
Member since Feb 2005
4455 posts

re: Bloomberg: Big Oil Goes Looking for a Career Change
quote:

That’s all over now. The change has been so profound that the chief executive officer of BP Plc traded in his F250 and custom bumper nuts for a prius and a pussy hat


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12
DownshiftAndFloorIt
LSU Fan
Here
Member since Jan 2011
55190 posts

re: Bloomberg: Big Oil Goes Looking for a Career Change
quote:

Battery technology is going to take off over the next decade making it a much easier choice for consumers to choose electric over gas.


Battery/electric is currently grossly more energy-negative than fossil fuels. A whole lot of shite goes into making the outlet have power and making a plastic box that can store power.


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50
GreatLakesTiger24
New Orleans Pelicans Fan
Member since May 2012
41996 posts
 Online 

re: Bloomberg: Big Oil Goes Looking for a Career Change
quote:

Where ya think that battery power is coming from ya dummy?
A LOT less fuel


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11
lowhound
LSU Fan
Effie
Member since Aug 2014
4066 posts

re: Bloomberg: Big Oil Goes Looking for a Career Change
A bunch of refineries are converting to biodiesel right now. It's not because people want more green energy, it's because the profit margins are better. The glut in oil & gas is so big right now, they can't make any profit refining traditional gas and diesel, so they are converting to other uses instead of shutting down the whole plant. HFC in Cheyenne is an example of a huge refinery that is completely shut down right now, Phillips is doing the same at it's huge refineries in California. Those companies are exploring options for other uses instead of keeping them shuttered. What gets me is why gas is still almost $2/gal if there is still so much available everywhere.
This post was edited on 9/16 at 2:53 pm


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ccomeaux
LSU Fan
LA
Member since Jan 2010
6115 posts

re: Bloomberg: Big Oil Goes Looking for a Career Change
LOL, we're 50 years from getting off oil.


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62
C
Atlanta Falcons Fan
Houston
Member since Dec 2007
26469 posts

re: Bloomberg: Big Oil Goes Looking for a Career Change
Not that long ago Exxon made typewriters and had a land development company for residential homes. They had scientists that were integral to the development of lithium batteries. Just lacked long term thinking.


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20
Captain Crackysack
Member since Oct 2017
1408 posts

re: Bloomberg: Big Oil Goes Looking for a Career Change
quote:

Any battery powered air planes or cargo ships?

Musk gave an explanation somewhere of why electric planes aren’t really a thing. But converting ships to hybrid power plants is literally the new rage in the maritime industry. In fact, Harvey Gulf (a Nola company that services O&G exploration) just completed the first conversion of a US flagged vessel


DownshiftAndFloorIt
LSU Fan
Here
Member since Jan 2011
55190 posts

re: Bloomberg: Big Oil Goes Looking for a Career Change
quote:

converting ships to hybrid power plants is literally the new rage in the maritime industry.


Its an interesting trend I've been following closely.

With boats that hold station on DP for extended hours it can add up to some huge fuel savings for certain operations.

I'd be interested to know if those conversions were subsidized or not though. When you start pulling subsidies these green projects usually become prohibitively expensive.


wutangfinancial
LSU Fan
Dallas, TX
Member since Sep 2015
4565 posts

re: Bloomberg: Big Oil Goes Looking for a Career Change
Why wouldn't nuclear be the better option when we already have nuclear propulsion in Navy ships?


lsuoilengr
Member since Aug 2008
2808 posts

re: Bloomberg: Big Oil Goes Looking for a Career Change
We literally need to colonize Mars with multiple spaceports to soak up this glut

And we need strict merit based testing to colonize space....


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DownshiftAndFloorIt
LSU Fan
Here
Member since Jan 2011
55190 posts

re: Bloomberg: Big Oil Goes Looking for a Career Change
There have only been a handful of private nuclear powered ships in the world. Im pretty sure there are none right now. It is prohibitively expensive to build a nuclear powered ship.


hubertcumberdale
LSU Fan
Member since Nov 2009
2375 posts

re: Bloomberg: Big Oil Goes Looking for a Career Change
quote:

not sure about 10 years but my company's outlook is it will not be over $50/bbl through 2022. which sucks for us.



The forward NYMEX strip seems to agree with your company's outlook



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wutangfinancial
LSU Fan
Dallas, TX
Member since Sep 2015
4565 posts

re: Bloomberg: Big Oil Goes Looking for a Career Change
I thought our sub and carrier fleet all used nuclear? It's been a while since I've been informed on military technology.


Dragula
Dragstrip
Member since Jun 2020
361 posts

re: Bloomberg: Big Oil Goes Looking for a Career Change
Jody is already working on the transition


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