U.S. May Have Only Five Years of Oil Left

So when, exactly, do we get to regulate a product that causes harm? What is the threshold for you?

 

You'd be in favor of renewable energy, increasing fuel efficiency mandates, and gently using tax policy to encourage conservation and responsible energy use ........ if only the mean people weren't unkind to you?

Interesting. That seems like something you should be able to get over. But I hear that from Trump voters too. They elected him because I am .... condescending and elitist. Or worse.

Nah, it's just an agenda you don't favor advancing. We use government and tax policy, and social encouragement, to direct productive behavior all the time.

You enraged about insurance and seat belt laws? High taxes on tobacco and alcohol? Or do those just make sense? Environmental and energy responsibility actually makes sense too.

 

I don't know how you say it cheap the cost to build one of them is ridiculous they wouldn't make their money back in like 30 or 40 years from what I remembered based on what they produce so cheap wouldn't be the answer I would use wasteful is what I would go with

 

He provided you the levelized cost of electricity. Without any tax credits, onshore wind has a levelized cost (which includes their capital cost as well as operations and maintenance, variable costs, and transmission cost) of $50.79 per megawatt hour. Natural Gas has a cost of $64.55 per megawatt hour.

 

Dang you hang on to cars a long time. My daughter's friend in high school drove a Prius. She graduated in 2004. (They came to the U S. In 2000)

I drive one. But I don't get any brownie points. I just found and old one with remarkedly low miles for an exceptional price and I'm cheap.

My niece told me I couldn't date hot women driving a Prius. I'm in my late 60s, I don't think the car is why I'm not dating hot women.

 

I had a 2015 Highlander. It was a great vehicle and I might still be driving it if someone didn’t total it.

 

Chemgator, if ok whats your background in this area? It seems like you had some relevant experience.

 

Don’t believe hype. Dog, dog, dog eat dog!

 

WSJ reporting early stage talks (for maybe the 50th time) between Shell and BP.

https://www.wsj.com/business/energy...3591a?st=XHLKMJ&reflink=article_copyURL_share


“Shell is holding early stage talks to acquire rival BP in what would be the largest oil deal in a generation, people familiar with the matter said. Talks between company representatives are active, the people said, and BP is considering the approach carefully. Acquiring BP would put Shell on firmer footing to challenge larger competitors such as Exxon Mobil and Chevron. It would be a landmark combination of two so-called supermajor oil companies, a group of multinational behemoths that dominate the production of the world’s most important energy sources.

Potential terms of any deal couldn’t be learned and a tie-up is far from certain, the people familiar with the matter warned. The discussions are moving slowly, one of the people added. BP is currently valued at around $80 billion. Taking into account a premium, a deal could end up as the largest corporate oil deal since the $83 billion megamerger that created Exxon Mobil at the turn of the century. It would also easily be the biggest M&A deal of the year, so far, in a market that has been rattled by President Trump’s trade war and other geopolitical tensions.

A Shell spokesman said: “As we have said many times before, we are sharply focused on capturing the value in Shell through continuing to focus on performance, discipline and simplification.”

 

Aren’t we like 45 years into only five years of oil left ?

 

Interesting to say the least. Royal Shell and British Petroleum. Seems like a match that could have been made decades ago.

 

Gee, I guess we'll just have to lean into that 100+ year supply (that we know of) of NG. And people, biggest threat to US oil production at this point is the oil price. If it gets too low, it becomes a money loser and they'll stop drilling. Keep it at a price where they can make money and we've got enough to last to the end of the century by most accounts.

 

My understanding of imports is that this isn't about supply but refining capacity. I.E. A lot of ours are still set up for the rawer product from SA and Venezuela (though that's changing). So we continue to import for that reason and because we can sell our much higher quality oil for a higher price on the world market. But I will defer to you on this. Sounds like your products come from that dirtier oil (or not).

 

Let me guess…

You had your Tesla and Elon hurt your feelings so now you have a Rivian (other electric). And are powering with carbon emissions to charge your battery with inefficient returns?

I think electric has a real place in the market. But the hydrocarbon is 100% one of the most fascinating and efficient ways to enhance living on this amazing creation. Electric works great for short distance needs (using the hydrocarbon). But it is not ready to be the full answer.

This is a complex issue that will take centuries to evolve…

 

We need better battery tech. Lithium Ion is dirty to produce and not that efficient. I saw something where Honda or Toyota (no surprise) was working on a solid-state battery that would almost double capacity and be cleaner to produce. This will be the key to opening up electric, IMO, along with designs like this new Slate pickup.



I love this because of the component nature of it, something electric should have done from the beginning (but refused to move from the dealership service model). I've always maintained that easy maintenance should be one of the biggest selling points for electric due to the plug-and-play nature of it. This opens up a whole lot of avenues for 3rd parties and even 3D printing for parts and customization. Not sure if it will work, but I love the idea. I could see having one of these on a ranch, and just plugging it in near the barn with a solar power station, etc.

 

Solid state batteries would still use lithium cathodes. The solid of solid state refers to the electrolyte, not specifically anode/cathose chemistry. SS would be more energy dense and safer than current lion batts.

It's gonna be hard to leave lithium as a cathode material for transportation given weight concerns in vehicles. There's no shortage of it currently. In fact, after a covid-era spike, lithium is priced very low despite growing demand. Projected demand is predicted to spike and I believe other chemistries should be used for stationary grid storage and lithim used for transportation.