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Earlier quoted context omitted.
Very interesting. Incidentally, about 70% of Hawaii's electricity is generated with oil: https://en.wikipedia.org/wiki/Energy_in_Hawaii?wprov=sfla1
Doesn't geothermal work for Hawaii? It works just fine for the Azores.
Does anyone know how the extraction cost of shale compare to the declining cost of solar? Are we at the point already where some oil fields become non-profitable?
> Does anyone know how the extraction cost of shale compare to the declining cost of solar? The solar market is so tiny it doesn't matter in the energy discussion. Despite what you read from the cheerleaders ( paid or unpaid ) on social media and the news. The two important changes in energy markets the last decade are fracking/shale oil and natural gas. That's it. > Are we at the point already where some oil fields…
Trump is very pro-fossil fuel energy. He is doing everything he can to crush solar, wind, and EV's.
It is also bad news for Saudi Arabia. But that country realizes it and is working hard to expand its economy into other areas, whereas Russia remains focused on oil.
Any Putin fans out there who want to argue that he really knows what he is doing on energy?
Does anyone know how the extraction cost of shale compare to the declining cost of solar? Are we at the point already where some oil fields become non-profitable?