Yes. Think people have impression we are energy independent and Scot-free because of fracking. Really, fracking was a second chance. A reprieve. We'll just be behind 8-ball again if we don't take this reprieve and grow some other energy source.
I do not really understand why we are obsessed with energy independence. It only matters if we were to ban exports which is an absurd thing to do.
Strong US domestic energy production disempowers petro-state dictatorships such as Russia, Venezuela, Saudi Arabia etc. whose interests and values are not aligned with ours.
Yes. Think people have impression we are energy independent and Scot-free because of fracking. Really, fracking was a second chance. A reprieve. We'll just be behind 8-ball again if we don't take this reprieve and grow some other energy source.
I do not really understand why we are obsessed with energy independence. It only matters if we were to ban exports which is an absurd thing to do.
Isn’t energy independence more about other countries exports? From the perspective of Germany, their reliance on Russian oil caused a high spike in cost of energy during the current Ukraine invasion. For the US, we don’t really want to be at the whim of OPEC. The 1973 Oil Crisis is a historical example of OPEC taking a religious and political stance and using their oil exports to coerce the US against Israel. Another way of looking at it is that oil production has largely been an effective monopoly for a long time by authoritarian states (many OPEC, China, Russia), many that are politically unstable (Venezuela). There are only a few oil rich countries and many of them are allied with each other so there isn’t strong competition or incentive to keep prices competitive. Many of them view the US negatively.
Imagine that this article was about a lithium deposit found in the USA. Would you find it productive / relevant for me to say - Ah! That same country that is going back to the 50s in women's rights? - Ah! That some country that had the most gold medals in the last olympic? I'm guessing not. Why should it be acceptable to say something completely unrelated about Thailand? It's even worse if it's something negative. It…
First, it has been not found in US and even if it had, it would have been not a sizable share of US economy, but for Thailand it would be.
I do not really understand why we are obsessed with energy independence. It only matters if we were to ban exports which is an absurd thing to do.
Strong US domestic energy production disempowers petro-state dictatorships such as Russia, Venezuela, Saudi Arabia etc. whose interests and values are not aligned with ours.
Burning and bombing their countries down to the ground works pretty well too.
Yes. Think people have impression we are energy independent and Scot-free because of fracking. Really, fracking was a second chance. A reprieve. We'll just be behind 8-ball again if we don't take this reprieve and grow some other energy source.
I do not really understand why we are obsessed with energy independence. It only matters if we were to ban exports which is an absurd thing to do.
Soft power.
“European countries are estimated to have spent additional 792 billion euros in the last year just on the status quo system to protect consumers from the effects of the energy crisis introduced by the Russian invasion into Ukraine”
Honestly I think building solar and wind farms in Europe would do more for America’s military power than more tanks.
I think that true global reserves are much higher than what we know now. Before, Lithium was important, but not nearly in the quantities needed for EV's. Now that EV's have picked up, more people will be looking for Lithium, and that will make all the difference.
It’s very likely to go the way of oil. EV demand has slowed down recently (honestly I don’t believe the world is ready for mass adoption and EVs themselves are not ready also), so we’ll keep finding more and more and always beyond the consumption.
I think that true global reserves are much higher than what we know now. Before, Lithium was important, but not nearly in the quantities needed for EV's. Now that EV's have picked up, more people will be looking for Lithium, and that will make all the difference.
It’s very likely to go the way of oil. EV demand has slowed down recently (honestly I don’t believe the world is ready for mass adoption and EVs themselves are not ready also), so we’ll keep finding more and more and always beyond the consumption.
> LONDON, Dec 12 (Reuters) - Global sales of battery electric vehicles (BEV) and plug-in hybrids (PHEV) rose 20% versus a year ago as strong growth in North America and China offset lower sales in Europe, according to market research firm Rho Motion.