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Peak Oil? Majors Arenít Buying Into Threat from Renewables
Reuters via gCaptain ^ | Nov. 9, 2017 | Ernest Scheyder and Ron Bousso

Posted on 11/10/2017 11:04:04 AM PST by Oatka

Link only (Reuters)


TOPICS: Business/Economy; News/Current Events
KEYWORDS: economy; oil; renewableenergy
"BP" or British Petroleum, now stands for "Back to Petroleum" as their foray into renewable energy comes acropper.
1 posted on 11/10/2017 11:04:05 AM PST by Oatka
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To: Oatka

There is no market threat from renewables.
They are not viable without large government subsidies.


2 posted on 11/10/2017 11:05:39 AM PST by Lurkinanloomin (Natural Born Citizen Means Born Here Of Citizen Parents - Know Islam, No Peace -No Islam, Know Peace)
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To: Oatka

Reuters is excerpt and link, not link only.


3 posted on 11/10/2017 11:08:53 AM PST by 2ndDivisionVet (You cannot invade the mainland US. There'd be a rifle behind every blade of grass.)
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To: 2ndDivisionVet
Reuters is excerpt and link, not link only.

OK. I got burned on a post once and thought it was from Reuters.

4 posted on 11/10/2017 11:11:14 AM PST by Oatka
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To: Oatka

I excerpt Reuters all the time, successfully.


5 posted on 11/10/2017 11:12:25 AM PST by Mariner (War Criminal #18)
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To: Oatka

Why not just link directly to gCaptain?


6 posted on 11/10/2017 11:12:36 AM PST by Paladin2 (No spelchk nor wrong word auto substition on mobile dev. Please be intelligent and deal with it....)
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To: Lurkinanloomin

Yap, Saudi’s can pump oil out of the ground for less than $3/barrel. No way in hell can the renewables compete with that. Did you know more techs die falling off the wind turbine towers than in oil mining and processing each year? Not to mention how many eagles and other large birds get chopped up by the turbine blades.

This “peak oil” stuff I have been hearing since the Carter Admin. And it may be going on much longer than that.


7 posted on 11/10/2017 11:15:11 AM PST by entropy12 (LEGAL immigrants are sponsored by a relative. Almost all are low skill & low wealth. So stupid!!)
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To: Oatka

It seems we have peak truth instead of peak oil.


8 posted on 11/10/2017 11:16:17 AM PST by mountainlion (Live well for those that did not make it back.)
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To: Oatka

But everyone is supposed to be driving golf carts, I mean EVs in 6 months!

All concerns about EVs are so overblown - like battery capacity, Cobalt cost and availability, battery life, recharging times, infrastructure to create massive EV charging stations and their business models, infrastructure for home recharging multiple vehicles in driveways, safety of recharging, power plant capacity which are assumed to be run from wind and solar - all solved.

Oil companies are going the route of horse carriage makers!


9 posted on 11/10/2017 11:27:29 AM PST by rigelkentaurus
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To: rigelkentaurus
Oil companies are going the route of horse carriage makers!

Oh, the horror! What's next? Buggy-whip manufacturers going out of business?

10 posted on 11/10/2017 11:33:58 AM PST by Quality_Not_Quantity (If we're going to look at nature to justify our actions, then I say let's start flinging poop around)
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To: Oatka

Here is a easy lesson for the renewable fools. Alternates are not economically viable at the moment. The technology just is not there today.
Solyndra proved it.... and it could not function profitably when oil was at a 100 bucks a barrel.
Now that oil is at less than half that amount the math is stupider yet.
This will continue until the technologies can deliver energy at less than what oil can do.
Best part? If someone creates the idea, its coming from the US of A , the hub of western man. Unlike the ParisAccord, the solutions to global problems will come from the nasty “capitalists” / creators/ innovators/inventors of America not from the recipients of the ParisAccords. All the ParisAccord’s objectives are to find ways to transfer America’s wealth to the muslim turd world.

THAT is the largest OBAMA & UN scam yet!


11 posted on 11/10/2017 12:14:02 PM PST by himno hero (hadnuff)
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To: rigelkentaurus

“All solved.”

You convinced me. I’m calling my broker and instructing him to put my life savings into green stuff, EVs and renewables. It’s a sure thing! Thanks for the tip.


12 posted on 11/10/2017 1:24:48 PM PST by ProtectOurFreedom
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To: himno hero

Batteries need a 10x improvement in cost, life, power density before renewables are going to go anywhere.


13 posted on 11/10/2017 1:35:41 PM PST by Paladin2 (No spelchk nor wrong word auto substition on mobile dev. Please be intelligent and deal with it....)
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To: rigelkentaurus
All concerns about EVs are so overblown - like battery capacity, Cobalt cost and availability, battery life, recharging times, infrastructure to create massive EV charging stations and their business models, infrastructure for home recharging multiple vehicles in driveways, safety of recharging, power plant capacity which are assumed to be run from wind and solar - all solved.


14 posted on 11/10/2017 2:03:31 PM PST by HIDEK6 ( God bless Donald Trump.)
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To: Paladin2
Why not just link directly to gCaptain?

Because it printed the Reuters article and I thought the post would be scrubbed because of copyright violation.

15 posted on 11/10/2017 3:21:26 PM PST by Oatka
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