Texas Is About to Create OPEC’s Worst Nightmare
bloomberg.com
Texas Is About to Create OPEC’s Worst Nightmare
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Re: Texas Is About to Create OPEC’s Worst Nightmare
#2The AMP version linked is barely readable on a large display; but the regular version is at https://www.bloomberg.com/news/articles/2018-11-21/opec-s-wo...
Re: Texas Is About to Create OPEC’s Worst Nightmare
#3There is a pincer: Texas on one side and electric vehicles on the other: https://news.ycombinator.com/item?id=18473697.
Re: Texas Is About to Create OPEC’s Worst Nightmare
#4Does this mean oil will continue do plummet bc of so much supply?
Re: Texas Is About to Create OPEC’s Worst Nightmare
#5Texas is in a funny place. They are pumping oil like crazy, but they are building wind like crazy as well.
Look at the City of Austin and the amount of renewables year over year: https://data.austintexas.gov/Utilities-and-City-Services/Gen...
You can see a real-time chart of energy mix here: https://austinenergy.com/ae/about/environment/renewable-powe...
Most days renewables are 50% of electricity consumes. I pay a bit extra for 100% wind- and it's not that much more than 50/50. I could easily see Texas being a majority renewables while at the same time exporting more and more Oil.
Re: Texas Is About to Create OPEC’s Worst Nightmare
#6There is a pincer: Texas on one side and electric vehicles on the other: https://news.ycombinator.com/item?id=18473697 .
... which is why SA is so determined to diversify its holdings.
Re: Texas Is About to Create OPEC’s Worst Nightmare
#7I'm hopeful that America can further lessen our dependence on Saudi Arabia as much as possible through this. Alas, the alliance is based around a lot more than just oil, and the Saudi vision is to shift away from oil reliance, but I'll gladly take a chink in the armor.
> "Global oil demand has so far absorbed the extra U.S. crude barrels, limiting the impact on prices"
This slightly curbs my optimism.
Re: Texas Is About to Create OPEC’s Worst Nightmare
#8The AMP version linked is barely readable on a large display; but the regular version is at https://www.bloomberg.com/news/articles/2018-11-21/opec-s-wo...
The AMP version with Firefox's reader view is great.
Re: Texas Is About to Create OPEC’s Worst Nightmare
#9Texas is in a funny place. They are pumping oil like crazy, but they are building wind like crazy as well. Look at the City of Austin and the amount of renewables year over year: https://data.austintexas.gov/Utilities-and-City-Services/Gen... You can see a real-time chart of energy mix here: https://austinenergy.com/ae/about/environment/renewable-powe... Most days renewables are 50% of electricity consumes. I pay a b…
Isn't that what Norway has been doing for years?
Re: Texas Is About to Create OPEC’s Worst Nightmare
#10Texas is in a funny place. They are pumping oil like crazy, but they are building wind like crazy as well. Look at the City of Austin and the amount of renewables year over year: https://data.austintexas.gov/Utilities-and-City-Services/Gen... You can see a real-time chart of energy mix here: https://austinenergy.com/ae/about/environment/renewable-powe... Most days renewables are 50% of electricity consumes. I pay a b…
It makes sense. Like how the Gulf countries invest in solar. It's because they have the interested parties (Energy industry) on the phone every day.