Earlier quoted context omitted.
All resource problems are energy problems. With enough clean energy, you can make fuel, water, fertilizer, anything. We're going to need a lot of surplus energy to sequester all of the CO2 we've pumped into the atmosphere over the last 100+ years.
The weird part about sequestering is that if it's really going to work, people will need incentive to simply put all that energy in to the ground with no immediate benefit for them. You either need heavy government regulation or for everyone involved to be thinking about the larger picture. I wonder if anti aging technology would push people to start seeing climate problems in its larger context.
When oil is no longer in demand
91–100 of 175 posts
Re: When oil is no longer in demand
#92Earlier quoted context omitted.
Probably temporarily. It'll likely cross a point where more synthetic production methods reach economic viability. The field requires such a great energy density that I suspect only a remarkable breakthrough in energy density for weight would allow a fully electric solution. Hydrogen is also likely out as the storage cells would be under unimaginable stresses. In the long term it might actually incentivize the creati…
Unless someone figures out how to bulldoze the Rocky mountain range, high speed rail as a replacement for coast to coast air travel is a non starter.
Given current train speeds, that comes out to around 500-700 miles being the upper limit of viable HSR. This is roughly the distance between Chicago and DC and also roughly the distance of the largest axis of most European countries.
Re: When oil is no longer in demand
#93Earlier quoted context omitted.
It's particularly perverse, however, to give tax breaks for an industry that has immense negative externalities.
Oil companies don't emit a whole lot of CO2. You emit the CO2 when you use your car (almost 50% of CO2 emissions are from autos). And a bunch of other industries are responsible for most of the rest of CO2 emissions.
Re: When oil is no longer in demand
#94Earlier quoted context omitted.
It's particularly perverse, however, to give tax breaks for an industry that has immense negative externalities.
Oil companies don't emit a whole lot of CO2. You emit the CO2 when you use your car (almost 50% of CO2 emissions are from autos). And a bunch of other industries are responsible for most of the rest of CO2 emissions.
Not true. Refining crude oil into gasoline or diesel is itself very energy-intensive.
It takes around 4.5kWh to refine each gallon of gasoline from crude. In many cases that energy is supplied by fossil-fuel burning power plants.
Volts for oil: https://m.youtube.com/watch?v=BQpX-9OyEr4
Re: When oil is no longer in demand
#95I live in Utah and I can tell you exactly what happens when oil is no longer in demand. They offer numerous tax breaks per well to encourage exploration and increase production. I believe the term is "corporate welfare". One of the tax breaks has a stated goal of providing tax relief when oil prices are low. https://oilgas.ogm.utah.gov/pub/Publications/Lists/tax_incen... This is the same government attempting to roll…
I agree that this is a stupid policy, but there is some attempt at logic behind it. Oil production has the problem that increasing in oil production requires spending money that will only pay off if the price of oil remains high for several years. Cheap producers like Saudi Arabia know this, and so try to make the price fluctuate with enough lows to wipe out expensive oil producers, and enough highs to get rich thems…
Re: When oil is no longer in demand
#96Earlier quoted context omitted.
You can see this at work already with gasoline for small planes, which commands a huge premium over automotive gasoline now. Around here, the cost is 2x higher or more. The premium used to be smaller, but when gas prices came down from their $4 high, avgas didn't really follow.
87UL and 93UL aren't much more expensive than automotive gas, since it's pretty much the same thing. It's 100+ octane leaded gas that's expensive, and it'll stay that way until general aviation gets out of its carburetor & fixed timing rut and join the modern world of direct fuel injection and FADEC.
Re: When oil is no longer in demand
#97Earlier quoted context omitted.
I think you're missing the negative externalities inherent in oil extraction, like groundwater pollution, earthquakes, above ground pipelines, etc. Not to mention it's a little like saying Pablo Escobar doesn't OD on drugs or steal your TV very often, it's the crackheads that do that...
" like groundwater pollution, earthquakes, above ground pipelines, etc" Groundwater pollution and earthquakes are rare, and the latter are minor and have negligible impact. It's no more problematic than most other extraction industries. 'Above ground pipelines' are completely benign entities with almost zero environmental impact. Leaks are rare enough, and most of them are very minor and easy to clean up. Oil is an o…
Re: When oil is no longer in demand
#98Earlier quoted context omitted.
Would you want one in your back yard?
My friend lived in house with an oil well in the back yard. Really wasn't noticeable after you got used to the noise it made. After a week I forgot it was there.
I remember very clearly the first time I visited western Texas (from Europe) as a child. The smell was sickening.
Re: When oil is no longer in demand
#99Earlier quoted context omitted.
You're right. The price going down has, I think, more to do with the effect of fracking in the US. It's getting to the point that the US could be an exporter if it changed its laws. The effect of petro-states will be much the same, though.
We are an oil exporter. We did change the laws. http://money.cnn.com/2016/06/06/investing/us-oil-exports-inc...
Re: When oil is no longer in demand
#100Earlier quoted context omitted.
You're right. The price going down has, I think, more to do with the effect of fracking in the US. It's getting to the point that the US could be an exporter if it changed its laws. The effect of petro-states will be much the same, though.
We are an oil exporter. We did change the laws. http://money.cnn.com/2016/06/06/investing/us-oil-exports-inc...