51–60 of 132 posts
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>There are no electric alternatives for most long distance transportation, which is a huge chunk of our energy consumption. What about trains?
Trains don't get you and your overseas goods across oceans (yet).
I do wonder what happened to the Transatlantic tunnel
Texas 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…
> Texas is in a funny place. They are pumping oil like crazy Texas had always pumped a lot of oil. Texas was the oil capital of the world for a long time before saudi arabia came around. > but they are building wind like crazy as well. That's because one of the wealthiest men in the world has been a big fan of wind energy. http://www.nbcnews.com/id/19231397/ns/us_news-environment/t/... > I could easily see Texas bein…
There 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.
I hope they have good sales reps.
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> Texas is in a funny place. They are pumping oil like crazy, but they are building wind like crazy as well. There isn't really anything contradictory about that. Oil has a vastly different set of use-cases than wind energy. There are no electric alternatives for most long distance transportation, which is a huge chunk of our energy consumption. Gaining independence from OPEC by supporting local oil extraction while…
>There are no electric alternatives for most long distance transportation, which is a huge chunk of our energy consumption. What about trains?
Fracked wells have awful production curves. It will be done a few years after they run out of permian to drill. No gentle dropoffs like traditional reservoirs. Though, I'm just an interested bystander, so if any petroleum geologist know of changes that contradict I'm happy to be corrected.
I'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.
curious what else
Fracked wells have awful production curves. It will be done a few years after they run out of permian to drill. No gentle dropoffs like traditional reservoirs. Though, I'm just an interested bystander, so if any petroleum geologist know of changes that contradict I'm happy to be corrected.
Agreed - fracking only makes sense as long as its easy to borrow money
Less dependency on foreign oil is good for peace since the US will not be "protecting their interests". And Saudi Arabia having less budget for their wars is also a good thing.
I'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.
America now produces enough oil that cutting off Saudi Arabia wouldn't be any kind of energy crisis. The only reason to be nice to tolerate their journalist murders at this point is for military strategic advantages in the middle east.
