Re:Chasing utopian energy: How I wasted 20 years of my life
by helmholtz on Wednesday June 22, 2022 @12:02PM
(#31837798)
"Plenty of supply" and "peak oil" are not mutually exclusive
Re:Chasing utopian energy: How I wasted 20 years of my life
by rcMgD2BwE72F on Wednesday June 22, 2022 @12:08PM
(#31837877)
It's also interesting to know that Russia could not maintain its production of oil at last year's market price, due to the lack of investment (it had simply become unprofitable). https://ogst.ifpenergiesnouvelles.fr/articles/ogst/full_html...
The war may force Russia to sell their oil to non-Western countries but the crisis helped support oil price and made global investments in O&G profitable for them again (and for every other producers too). Just like with the war in Iraq - which explains why Putin did not oppose the US invasion for long after they realized it would bring enormous profits to Russia.
Re:Chasing utopian energy: How I wasted 20 years of my life
by rcMgD2BwE72F on Wednesday June 22, 2022 @12:00PM
(#31837778)
>This is a lie. There is plenty of supply.
That is and never has been the crux of the matter. We need affordable supply.
If I have 10 apples to sell, 9 of them priced at $1, and the last one at $100 billion, I could also claim to have plenty of supply.
This is a lie. There is plenty of supply.
This is the argument op is making.
Whether to burn it or not is a different question.