Oil

[Stewy]

(06-10-2022, 05:43 AM)Arturo Bandini Wrote: I like the idea that oil is going to cost a lot more everywhere, it might be a good time to change our energetic manners. Time to find something else. I'm pretty sure we didn't even try seriously yet.

Problem is that consumers pay the costs of high oil.  The much larger problems are renewable construction, ancient infrastructure and collapsing power grids.  Companies and govt's have to pay for those, not consumers.

Depends on your definition of seriously.  There are lots of HUGE wind and solar projects starting or already moving that no one talks about.

Examples:  There's a massive solar project getting off the ground well inland of Corpus Christi Texas, out in the desert.  Well inland (like 200 miles inland) to mitigate the effects of a rare hurricane like Harvey.  

Also there have been huge lease sales for WIND projects off of New England and the Carolinas.  Like massive areas, and they garnered huge bonus of billions of dollars just for the rights to build wind farms.

I know about these projects because my company (TotalEnergies) is involved and the primary operator and financier, there there are multitudes of others. 

Carolina - https://www.reuters.com/business/energy/us-kick-off-latest-offshore-wind-auction-carolina-coast-2022-05-11/#:~:text=N)%20each%20won%20offshore%20wind,and%20TotalEnergies%20at%20%24160%20million.

New England - https://totalenergies.com/media/news/press-releases/TotalEnergies-wins-a-lease-to-develop-a-3-GW-offshore-wind-farm-in-the-US

We actually have people moving from our groups in exploration and production to work on these projects.  They are real and believe me TotalEnergies will make theirs happen.

However, there are two main problems that gov't are ignoring and they are larger than any other issues.  Sustainability.  Like it or hate it, HCs provide almost un-erring sustainability.  The UK found much to it's dismay that if they have a wind drought, they are in trouble.  They had to start up coal plants last winter when their wind estimates were 60% below normal.  They had no sustainability plan.  The same thing happen in Texas during the freeze of 2021.  The windmills froze up, power usage spiked due ot the cold and the combination collapsed the whole grid.

But the biggest problem with an EV future is our aging and collapsing power grid, which no one is doing anything about.   But we've discussed this in this thread already so not rehashing here.