Largest oil drop in history underway, analysts say

spilledthebeer

Executive Branch Member
Jan 26, 2017
9,296
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36
IHS: Oil Demand Set For Largest Decline In History
https://oilprice.com/Energy/Energy-General/IHS-Oil-Demand-Set-For-Largest-Decline-In-History.html

People don't want oil and never have. We have always accepted it s a necessary evil but those days are gone. No longer necessary to use combustion engines. No longer acceptable to invest in oil and gas - because its wrong and because its a loser investment.








OH BOY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


CHEAP GAS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Who is up for a ROAD TRIP??????????????????????????????


My GOD - British Columbia tourism might YET RECOVER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


After the beating it took over $1.70 per litre gas last year!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 

Jinentonix

Hall of Fame Member
Sep 6, 2015
11,619
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Olympus Mons
OK, now it's you, captain morgan, and me on board. Like I said to him, some ranting and raving at those annoying, sanctimonious libbies is good for you, but try not to make it a steady diet.

What's the way out? Same way we got in. Research, engineering, and regulation. If we (collectively) are smart, we'll figure it out. If we aren't, well, I don't imagine the universe'll miss us.
But that's the problem. We have an amazing capacity to not look at seemingly good ideas beyond the result we're hoping for. That's why I brought up modern medicine. On the surface it's pretty hard to argue against the benefits of modern medicine. But if you go a little deeper, it has created other problems as well. The major problem being we have taken ourselves out of the natural cycle of life and created our own artificial life-spans. We now have a life span roughly twice as long as we did before modern medicine. That means we consume roughly twice the resources we used to to. Only now we're also a consumerist society so naturally demand for resources has increased even more substantially.

Infant mortality rates have plummeted meaning there's ever more and more people living twice as long as we used to wanting/needing those resources.


There are ideas I'm all for. There's the idea of "micro" hydroelectric turbines that LA, Portland OR and Denver are trying/using. They put the turbines in the pipes of their water supply system. All three seem to be having a measure of success with them.


I think of the river that used to flow through one of the towns I lived in. It had a decent current and lots of little flood control dams along the way. I'd love to see them figure out a way to either retrofit the dams with turbines or replace them with dams that would provide both flood control and power generation.


I also love the idea of "Earth Ships". But I don't see the day that govts will get on board with the idea because there's just so much that would have to be reworked. How do you maintain a grid when you have hundreds of thousands of households living in Earth ships? Then there's the lost revenues from taxes, or from the billing itself if the utility is publicly owned. The food industry would take a pretty good hit too, which would again affect govt revenues.


And there is the crux of the problem ladies and gentlemen. Until govts understand that they have to change the way they think, like they demand we change, none of these issues are ever really going to be solved. Research, engineering and regulation only work when govts are fully committed and not just playing the "what will get/keep me elected" game of self-interest. The stupid windmills in Ontario are a perfect example. Ontario literally had no need for them and yet the Liberal govt had a bunch slapped up because "it was the in thing to do". It was almost like there was an attitude that if you don't utilize wind power, then you're a climate change denier, even if you already generate a crap-ton of emissions-free power that's way more reliable and isn't being subsidized up the wazoo to the point where taxes and "fees" on hydro bills are higher than the amount being billed for actual hydro use.
 

Tecumsehsbones

Hall of Fame Member
Mar 18, 2013
60,133
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But that's the problem. We have an amazing capacity to not look at seemingly good ideas beyond the result we're hoping for. That's why I brought up modern medicine. On the surface it's pretty hard to argue against the benefits of modern medicine. But if you go a little deeper, it has created other problems as well. The major problem being we have taken ourselves out of the natural cycle of life and created our own artificial life-spans. We now have a life span roughly twice as long as we did before modern medicine. That means we consume roughly twice the resources we used to to. Only now we're also a consumerist society so naturally demand for resources has increased even more substantially.
Infant mortality rates have plummeted meaning there's ever more and more people living twice as long as we used to wanting/needing those resources.
There are ideas I'm all for. There's the idea of "micro" hydroelectric turbines that LA, Portland OR and Denver are trying/using. They put the turbines in the pipes of their water supply system. All three seem to be having a measure of success with them.
I think of the river that used to flow through one of the towns I lived in. It had a decent current and lots of little flood control dams along the way. I'd love to see them figure out a way to either retrofit the dams with turbines or replace them with dams that would provide both flood control and power generation.
I also love the idea of "Earth Ships". But I don't see the day that govts will get on board with the idea because there's just so much that would have to be reworked. How do you maintain a grid when you have hundreds of thousands of households living in Earth ships? Then there's the lost revenues from taxes, or from the billing itself if the utility is publicly owned. The food industry would take a pretty good hit too, which would again affect govt revenues.
And there is the crux of the problem ladies and gentlemen. Until govts understand that they have to change the way they think, like they demand we change, none of these issues are ever really going to be solved. Research, engineering and regulation only work when govts are fully committed and not just playing the "what will get/keep me elected" game of self-interest. The stupid windmills in Ontario are a perfect example. Ontario literally had no need for them and yet the Liberal govt had a bunch slapped up because "it was the in thing to do". It was almost like there was an attitude that if you don't utilize wind power, then you're a climate change denier, even if you already generate a crap-ton of emissions-free power that's way more reliable and isn't being subsidized up the wazoo to the point where taxes and "fees" on hydro bills are higher than the amount being billed for actual hydro use.
Governments just reflect humanity. Even autocratic ones, but especially democratic (more or less) ones.

Look at our ongoing train-wreck. Pete Buttigieg was clearly the smartest, most open-minded candidate, the one most likely to take careful looks, do smart analysis, and push for efficient, effective solutions. He's out.

Now we're down to Trump, about whom I'll say no more for now, and either an arm-waving old man promising everything free for everybody forever, and another old man whose greatest political idea in his long, long political career was to run the incarcerated population up to the highest in the world.

Yay.
 

AnnaE

Time Out
Jan 31, 2020
968
0
16
How about calling it the subdizing-green-renewable-tech-'cause-it's-hugely-unecomical-tax?





Problem here is that the proposed solution (to the problem articulated by various green lobbies) is not a functional solution at this time.


Case in point, if 15% of people in society were to convert to basic electricity for heating and EVs, there would not be enough supply of rare earths and select precious metals to provide the batteries or construct the necessary infrastructure upgrades to service that 15% increase in demand.


It's no big secret. it is a fact
How about gas companies and gov't just boosting costs simply because of the idea of "cash cows"? One excuse is good as another, including "green".
 

captain morgan

Hall of Fame Member
Mar 28, 2009
28,429
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A Mouse Once Bit My Sister
How about gas companies and gov't just boosting costs simply because of the idea of "cash cows"? One excuse is good as another, including "green".


That happens every day, but the striking difference is that as a consumer, I can decide not to support a private company whereas I do not have that same option when gvt takes that route
 

spilledthebeer

Executive Branch Member
Jan 26, 2017
9,296
4
36
Eh T-Bones why do you favour Electric cars, when several European countries are going Hydrogen.

They have the speed, distance of current automobiles, and give off zero emissions.

It's a change that can be done now..

https://www.greenoptimistic.com/norway-introduce-new-hydrogen-refueling-stations-20160517/






LIE-berals DEPLORE hydrogen cars........................................


because the technology does not lend itself to LIE-beral monopoly.................................


and to LIE-beral PRICE GOUGING .....................................


of the sort Wynne-bag Ontari-owe LIE-berals were looking for when they WRECKED................................


THE ONTARI-OWE electrical system with their GREED.........................................


AND DESTROYED THEIR CHANCE FOR RE-ELECTION AS WELL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 

petros

The Central Scrutinizer
Nov 21, 2008
117,176
14,240
113
Low Earth Orbit
Go with NG.

Any vehicle can be converted. It's super clean, needs no refining and the network exists for home filling for under 13 cents a L.

NG ICE is big everywhere but here.
 

spilledthebeer

Executive Branch Member
Jan 26, 2017
9,296
4
36
But that's the problem. We have an amazing capacity to not look at seemingly good ideas beyond the result we're hoping for. That's why I brought up modern medicine. On the surface it's pretty hard to argue against the benefits of modern medicine. But if you go a little deeper, it has created other problems as well. The major problem being we have taken ourselves out of the natural cycle of life and created our own artificial life-spans. We now have a life span roughly twice as long as we did before modern medicine. That means we consume roughly twice the resources we used to to. Only now we're also a consumerist society so naturally demand for resources has increased even more substantially.

Infant mortality rates have plummeted meaning there's ever more and more people living twice as long as we used to wanting/needing those resources.


There are ideas I'm all for. There's the idea of "micro" hydroelectric turbines that LA, Portland OR and Denver are trying/using. They put the turbines in the pipes of their water supply system. All three seem to be having a measure of success with them.


I think of the river that used to flow through one of the towns I lived in. It had a decent current and lots of little flood control dams along the way. I'd love to see them figure out a way to either retrofit the dams with turbines or replace them with dams that would provide both flood control and power generation.


I also love the idea of "Earth Ships". But I don't see the day that govts will get on board with the idea because there's just so much that would have to be reworked. How do you maintain a grid when you have hundreds of thousands of households living in Earth ships? Then there's the lost revenues from taxes, or from the billing itself if the utility is publicly owned. The food industry would take a pretty good hit too, which would again affect govt revenues.


And there is the crux of the problem ladies and gentlemen. Until govts understand that they have to change the way they think, like they demand we change, none of these issues are ever really going to be solved. Research, engineering and regulation only work when govts are fully committed and not just playing the "what will get/keep me elected" game of self-interest. The stupid windmills in Ontario are a perfect example. Ontario literally had no need for them and yet the Liberal govt had a bunch slapped up because "it was the in thing to do". It was almost like there was an attitude that if you don't utilize wind power, then you're a climate change denier, even if you already generate a crap-ton of emissions-free power that's way more reliable and isn't being subsidized up the wazoo to the point where taxes and "fees" on hydro bills are higher than the amount being billed for actual hydro use.






MICRO ELECTRIC TURBINES inside water pipes????????????????????????????


HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Are you completely NUTS?????????????????????????????????


Most drinking water systems in the world ARE ELECTRIC POWERED to begin with!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Electric pumps push the water to where it needs to be...................................................


thus putting a "micro turbine" into a water pipe generally means MORE WORK FOR THE PUMPS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


And more electricity used!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



Oh sure- you could put a micro turbine into the out feed pipe of a water tower...............................................


since they use gravity to disperse the water to neighbourhood customers anyway .............................................


AFTER the pumps have pushed the water UP INTO THE TOWERS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


But of course anything - like a micro turbine will also REDUCE THE FLOW of water in the pipe................................


and it would somewhat INCREASE the pressure in the outflow pipe as well..............................


meaning you would need to replace the pipe more often because of the extra pressure.................................


or simply install THICKER WALLED AND LARGER DIAMETER and thus MORE COSTLY PIPE...................................


to handle the extra pressure resulting from the micro turbine.......................................


but of course here in Canada we LOSE SOMETHING LIKE A TRILLION LITRES OF DRINKING WATER PER YEAR


thanks to RUSTED OUT PIPES that cannot handle the EXISTING PRESSURE....................................


much less any significant NEW PRESSURE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Apparently Rube Goldberg IS ALIVE AND WELL..........................


and building silly mechanical TOYS in Portland and Denver!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 

Hoid

Hall of Fame Member
Oct 15, 2017
20,408
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Oddly, the largest investment in "green" energy by far comes from. . . the oil companies.
Not so oddly that is complete bullshit

Research and development as always is being done largely by governments

https://sdg.iisd.org/news/renewable...2-5-trillion-for-2010-2019-unep-report-finds/

Renewable Energy Investment to Surpass USD 2.5 Trillion for 2010-2019, UNEP Report Finds

In 2018, 29 countries each invested more than USD 1 billion in renewable energy capacity, up from 25 in 2017 and 21 in 2016. Spain, Viet Nam, Ukraine and South Africa were among the countries investing more than USD 1 billion with more than five-fold increases in 2018, while the Netherlands, Sweden, Morocco, the Russian Federation and Taiwan increased their investments by 100% or more.

Regarding money going into technology and specialist companies, government and corporate research and development was up 10% in 2018 to USD 13.1 billion, equity raised by renewable energy companies on public markets increased by 6% to USD 6 billion, and venture capital and private equity investment was up 35% at USD 2 billion.

According to the report, China has been the biggest investor in renewable energy capacity committing USD 758 billion between 2010 and the first half of 2019, with the US second at USD 356 billion and Japan third at USD 202 billion. Europe as a whole invested USD 698 billion, with Germany contributing the most at USD 179 billion, followed by the UK at USD 122 billion.
 

Walter

Hall of Fame Member
Jan 28, 2007
34,887
126
63
Price of gasoline is dropping precipitously this weekend in the GTA.