U.S. oil production booms as new year begins
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Re: U.S. oil production booms as new year begins
#2Does 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?
Re: U.S. oil production booms as new year begins
#3Re: U.S. oil production booms as new year begins
#4Does 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?
There are all sorts of subsidies and taxes everywhere, so it's hard to determine the true cost of either.
Re: U.S. oil production booms as new year begins
#5Does 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?
There are all sorts of subsidies and taxes everywhere, so it's hard to determine the true cost of either.
Can you please list some of them?
The raging debate on renewables is that people intensely dislike subsidies for renewable energy. Other people respond that fossil fuels are also subsidized, without references.
This “conversation” goes on endlessly with two sides basically talking at each other.
Most people understand that coal is dirty, but with oil and natural gas it’s more difficult, for example, to convince people that moving to electric vehicles is a win.
Re: U.S. oil production booms as new year begins
#6Earlier quoted context omitted.
There are all sorts of subsidies and taxes everywhere, so it's hard to determine the true cost of either.
Can you please list some of them? The raging debate on renewables is that people intensely dislike subsidies for renewable energy. Other people respond that fossil fuels are also subsidized, without references. This “conversation” goes on endlessly with two sides basically talking at each other. Most people understand that coal is dirty, but with oil and natural gas it’s more difficult, for example, to convince peopl…
Here's a grumpy economist disagreeing with a famous IMF report on subsidies.
I think he's wrong and the IMF is right. I'm really not sure why he's taking the tone he does, but it gives you both sides of the argument at least:
https://www.forbes.com/sites/timworstall/2015/08/04/the-imfs...
Re: U.S. oil production booms as new year begins
#7Earlier quoted context omitted.
There are all sorts of subsidies and taxes everywhere, so it's hard to determine the true cost of either.
Can you please list some of them? The raging debate on renewables is that people intensely dislike subsidies for renewable energy. Other people respond that fossil fuels are also subsidized, without references. This “conversation” goes on endlessly with two sides basically talking at each other. Most people understand that coal is dirty, but with oil and natural gas it’s more difficult, for example, to convince peopl…
This looks interesting:
United States ‒ Progress Report on Fossil Fuel Subsidies
https://www.treasury.gov/open/Documents/USA%20FFSR%20progres...
There are a number of tax preferences, described below, available in the United States to producers of fossil fuels. The preferences below are all permanent provisions in the tax code.
Re: U.S. oil production booms as new year begins
#8Does 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?
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Re: U.S. oil production booms as new year begins
#9For the past few years when the cost of oil was low, oil companies needed to keep some amount of trained workers in work. So what they've been doing is "starting" wells and then stopping the drill a safe distance, to leave everything in a state where they can tap the well in a short period of time to respond to prices. (Though I don't really have any knowledge of the actual scale, since it's just from talking to people where they're going/gone after leaving the Nuke program) Which is where some of that boom is from, since right now OPEC is struggling to control production to raise prices.
Re: U.S. oil production booms as new year begins
#10Does 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?
That would be the levelized cost of energy (LCOE). One thing to consider which is not reflected in LCOE is baseload power needs or scaling power needs. The thing that really holds back solar is storage cost, not production. If solar could spread out it's power over 24 hours at the same cost. It would be game over in solar rich areas.
https://en.m.wikipedia.org/wiki/Cost_of_electricity_by_sourc...