patrick.net

Yeah the global economy will tank, but a few billionaires will double their money, so it's worth you losing your job and your kids dying needlessly when you can't afford healthcare. I mean, the alternative is unthinkable. Imagine if we cleanly produced energy, which has always been cheaper than coal and oil if you stop cost shifting via pollution and would only get cheaper if pro-pollution policy didn't pick the winners. Also we wouldn't be dependent on Muslim oil and wouldn't be Saudi Arabia's bitch. But all this is outweighed by the fact that some hippies from the 1960s would be mildly happy if we made the switch, and we can't allow that. For Reagan's sake, we can't allow that.

So instead, we welcome our new Islamic overlords.

#SaudiArabiasBitch

Folks, the days of fossil fuels are numbered:

http://money.cnn.com/2017/07/05/autos/volvo-electric-cars-internal-combustion-engine/index.html
Volvo is going all in on the electric car.
The Swedish automaker is slamming on the brakes on vehicles powered solely by internal combustion engines, announcing that every car it makes from 2019 onward will have an electric motor.

https://www.nytimes.com/2017/07/06/business/energy-environment/france-cars-ban-gas-diesel.html?mcubz=1
France Plans to End Sales of Gas and Diesel Cars by 2040

http://money.cnn.com/2017/06/03/technology/future/india-electric-cars/index.html
India to sell only electric cars by 2030

If peak Oil is already a problem then Peak Rare Earth happened millions of years ago.
Electric cars are doomed.

https://www.desmogblog.com/2017/06/25/america-rising-squared-report-bashes-evs-using-same-rare-earth-metals-gas-powered-cars

Our Electric Cars will depend on if China gives us enough resources to make that a reality.

https://investorintel.com/sectors/technology-metals/technology-metals-intel/us-vulnerability-mammoth-battery-disconnect-rare-earth-supply/

Tenpoundbass says

If peak Oil is already a problem then Peak Rare Earth happened millions of years ago.

Electric cars are doomed.

No worries Captain, other technologies are already in the works.

All bullshit (about peak oil)

That chart has been proven to be bullshit, as we all know now.

Shale oil producers lie about their reserves. Because if they report anything more than 30 years, the government does something bad. Nationalize them or something. So, they all report 30 year reserves left.

But overtime - like between 2017 and now - it's proven to be bullshit.

DOGEWontAmountToShit says

All bullshit (about peak oil)

I'm no oil guy, but no different than lava, this shit just keeps oozing up and we figure out how to capture it out of the ground. There's small oil fields in IL of all places. Hell, has anyone explored the Great Lakes for oil? So much surface and water areas that have never been inspected for oil.

WookieMan says

has anyone explored the Great Lakes for oil? So much surface and water areas that have never been inspected for oil.

Perhaps you should suggest this to the oil majors.

So, buy oil stocks, even at these prices?

Well @Strategist and other Peaksters, WTF happened?

.

Have to understand how oil and natural gas "are made" below ground

That gives context on supply meeting growing demand as far as ensuring adequate supply

I know from my line of work there is ways to make natural gas such as in a biodigester

Seen biodigesters for a large-scale poultry farm since poultry waste has a very high BTU to pound mass ratio, or energy content or density

.

Strategist says

Folks, the days of fossil fuels are numbered:

http://money.cnn.com/2017/07/05/autos/volvo-electric-cars-internal-combustion-engine/index.html

Volvo is going all in on the electric car.

The Swedish automaker is slamming on the brakes on vehicles powered solely by internal combustion engines, announcing that every car it makes from 2019 onward will have an electric motor.

https://www.nytimes.com/2017/07/06/business/energy-environment/france-cars-ban-gas-diesel.html?mcubz=1

France Plans to End Sales of Gas and Diesel Cars by 2040

http://money.cnn.com/2017/06/03/technology/future/india-electric-cars/index.html

India to sell only electric cars by 2030

This didn't age well.

Strategist says

Tenpoundbass says

If peak Oil is already a problem then Peak Rare Earth happened millions of years ago.

Electric cars are doomed.

Strategist says

No worries Captain, other technologies are already in the works.

Well I'm waiting!?

Oil companies are profit driven. The "Easy" oil is already being pumped, or depleted. The Harder-to-get Oil is being accessed with directional drilling. The Canadians are boiling tar sand that has to be mixed with lighter distillates to be viable, and they still make a profit. Oil companies are ALWAYS searching for new deposits, and they have identified reachable oil and gas deposits that will last 47-50 years (per Grok.) As soon as suppies get lowish, exploration ramps, deposits are "magically" found, and resource extraction continues. No need to explore too actively if supply is ok. I gotta believe they keep some in their back pocket (possible collusion) to make sure the price doesn't go too low.

Watch Landman, the new TV series, for a primer on Oil Economics, and other fun stuff. It's basic education for 20-somethings wrapped in an entertaining story, and head-nodding, "I-told-you-so" shit for Boomers. Actual conservative programming, sorta.