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A comment on Oil Needs to Fall Below $20 to Compete With Green Alternatives. Parent comment

Re:Oil Needs to Fall Below $20 to Compete With Green Alterna... by JumpCrisscross on Monday August 05, 2019 @07:33AM (#20613215)
> The diversity of what oil can be used for and the value of those things, far exceed to the cost of extracting it

This is a statement about demand, not cost.

Nobody is saying oil is going to zero. And the cost curve for oil production varies greatly from well to well. Many wells are already extracting at total costs above price.

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Re:Oil Needs to Fall Below $20 to Compete With Green Alterna... by ThomPete on Monday August 05, 2019 @08:18AM (#20613483)
The cost needs to be divided out on other things than just for energy, thats the point.
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Re:Oil Needs to Fall Below $20 to Compete With Green Alterna... by JumpCrisscross on Monday August 05, 2019 @08:43AM (#20613671)
> The cost needs to be divided out on other things than just for energy

A barrel which costs $50 to produce will cost $50 to produce regardless of its use. There is no "dividing out" costs.

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Re:Oil Needs to Fall Below $20 to Compete With Green Alterna... by ThomPete on Monday August 05, 2019 @09:21AM (#20613942)
Of course there is as the cost goes to other things than for energy which is the comparison. Its not $20 per area oil can be used, its $20 divided out on all the things its used for.
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