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A comment on The Saudis Are Lying About Their Oil Production?. Parent comment

Re:The Saudis Are Lying About Their Oil Production? by zaroth on Tuesday September 24, 2019 @04:55PM (#21064524)
More seriously? I’m not sure it’s a reasonable position to claim that renewables and battery tech are not being “seriously” worked on.

Just looking at solar and battery manufacturing growth, on the order of $100 billion / year is being invested annually in these technologies. I think it’s very reasonable to conclude that doubling the investment would not nearly double the rate of advances, because all the top experts are already fully employed and fully funded.

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Re:The Saudis Are Lying About Their Oil Production? by BlueTemplar on Monday October 07, 2019 @10:26AM (#21181198)
"World's top banks pour $1.9T into fossil fuel financing since 2015"

https://news.ycombinator.com/item?id=21180826

So that's ~$380 G$/y for "just" the "top banks".

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Re:The Saudis Are Lying About Their Oil Production? by BlueTemplar on Wednesday September 25, 2019 @02:20AM (#21068189)
Hmm, how does this compare with money invested in fossil fuels ?
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Re:The Saudis Are Lying About Their Oil Production? by zaroth on Wednesday September 25, 2019 @11:18PM (#21077847)
As a percentage of the current market size, the R&D for batteries and renewables is probably an order of magnitude greater than R&D in fossil fuels.

From a public investment perspective, the trend is that fossil fuel R&D is shrinking, and renewables investment is increasing or steady. Renewables public investment was first higher than fossil fuels in 1998, and has been higher than fossil fuel public investment 9 out of the last 10 years. [1]

[1] - https://www.iea.org/statistics/rdd/

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Re:The Saudis Are Lying About Their Oil Production? by BlueTemplar on Thursday September 26, 2019 @05:27AM (#21079443)
But 20 G$ isn't 100 G$... And that's just for the IEA countries, if you aren't counting the big fossil fuel players like Russia and OPEC on one hand and also China on the other - what is even the point of these numbers ?

And I see that the biggest US tight oil firms had a deficit of nearly 7 G$ for 2018, so I'd assume that their development costs (which are the majority of their costs due to the very high depletion rate) are even higher - so where does yours "order of magnitude greater" comes from ?

https://www.reuters.com/article/usa-shale-finances/cash-flow...

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