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Texas Is About to Create OPEC’s Worst Nightmare

bloomberg.com

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Re: Texas Is About to Create OPEC’s Worst Nightmare

#131

Post by programmarchy »

lykr0n wrote: post #5

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…

Another interesting thing about Texas is that it has an independent power grid.

Re: Texas Is About to Create OPEC’s Worst Nightmare

#132

Post by pas »

mc32 wrote: post #74
toomuchtodo wrote: post #45

Earlier quoted context omitted.

We have spent a non-insignificant amount on the Fifth Fleet (25 navy vessels) to ensure the stable supply of middle eastern oil onto energy markets. That seems to be of substantial incentive to mitigate our need for oil to drive our economy. https://en.wikipedia.org/wiki/United_States_Fifth_Fleet > Well, even a blind pig finds an acorn once in awhile. While working on a recent piece on how to cut $1 trillion from the…

Much of keeping gulf oil flowing is to keep the European and east Asian economies stable —they are petroleum poor. We get most of out foreign petros from Canada, Vz and Mx. No doubt Trump would love to recall rhe fleet, if possible, but it’s not. Unless he’d like to see chaos in the world economy.

How does the presence of the 5th Fleet ... make any difference? Are they on active patrol duty? How does this work?
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