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Topic: Coronavirus discussion and Quarantine ideas

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FearlessF

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Re: Coronavirus discussion and Quarantine ideas
« Reply #546 on: March 23, 2020, 01:45:42 PM »
I saw gas at $1.50 in a small town Thursday afternoon
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

utee94

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Re: Coronavirus discussion and Quarantine ideas
« Reply #547 on: March 23, 2020, 02:12:48 PM »
$1.49 at my normal gas station up the road.  It's a shame there's nowhere to go...


MichiFan87

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Re: Coronavirus discussion and Quarantine ideas
« Reply #548 on: March 23, 2020, 02:25:04 PM »
There's speculation at this point that a lot of the small oil & gas companies could go out of business as soon as this year.

Meanwhile, the big ones become even bigger, but this price collapse is now giving them incentive to look to invest more in renewables (which they're already starting to) because while those investments are much less risky and there isn't as big of a trade-off in potential profit like there has been. The big European energy companies are already making this transition so it's only a matter of time.
“When your team is winning, be ready to be tough, because winning can make you soft. On the other hand, when your team is losing, stick by them. Keep believing”
― Bo Schembechler

Cincydawg

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Re: Coronavirus discussion and Quarantine ideas
« Reply #549 on: March 23, 2020, 02:39:46 PM »
My sense is the investment in renewables by companies  like Exxon is PR.  They kept running ads about fuel from algae, which is old technology and with known major issues.  I don't know if there is a practicable way around these major issues, one being gunking up your filters.

betarhoalphadelta

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Re: Coronavirus discussion and Quarantine ideas
« Reply #550 on: March 23, 2020, 03:01:03 PM »
There's speculation at this point that a lot of the small oil & gas companies could go out of business as soon as this year.

Meanwhile, the big ones become even bigger, but this price collapse is now giving them incentive to look to invest more in renewables (which they're already starting to) because while those investments are much less risky and there isn't as big of a trade-off in potential profit like there has been. The big European energy companies are already making this transition so it's only a matter of time.
My sense is the investment in renewables by companies  like Exxon is PR.  They kept running ads about fuel from algae, which is old technology and with known major issues.  I don't know if there is a practicable way around these major issues, one being gunking up your filters.
What I think you see with this is that no matter what people think is necessary to do, Coronavirus gives a great reason for people to do what they already want to do.

For example, on the various libertarian blogs (Cato, Reason), they're all talking about how the fact that we're relaxing FDA requirements, reducing occupational licensing requirements for economic reasons, and allowing things like home delivery of booze without the world ending suggest that what they've been advocating for all along make sense. 

The idea that a price collapse in oil means that investment in renewables will suddenly spike is counterintuitive. Renewables are typically more expensive, and investment/push for renewables tends to be most popular when fossil fuel energy sources are most expensive, not cheap. 

If high fossil fuel prices mean that companies should invest more in renewables and low fossil fuel prices mean that companies should invest more in renewables, it makes you think that the decision precedes the rationale... 

Cincydawg

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Re: Coronavirus discussion and Quarantine ideas
« Reply #551 on: March 23, 2020, 03:06:21 PM »
And of course the petroleum industry is geared to transportation while renewable power is electricity, which is not nearly as relevant to transportation (yet).  As EVs come along of course that evolves, but a windmill doesn't get your gasoline powered car any further along.  Something close to 10%  of petroleum and NG is used by the chemical industry, that is a part that won't readily change.  And we make a lot of fertilizer using the Haber process from NG and ammonia.  

I've seen first hand how much large companies will spend on what is in effect PR by pretending to do something "eco-conscious" or whatever when nothing is expected of it.  I was smack in the middle of one of those circa 1992.  It was interesting and unpleasant politically.  Very.

I messed with the wrong lady.

utee94

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Re: Coronavirus discussion and Quarantine ideas
« Reply #552 on: March 23, 2020, 04:07:34 PM »
Local vodka distiller Tito's has converted some of its manufacturing to hand sanitizer and is delivering 24 tons of the stuff, for free.  They're also donating $2M to CV relief efforts.

https://www.kxan.com/news/local/austin/titos-handmade-hand-sanitizer/

Just a great company that's always been great to the community, going back 20 years when I was their first (and only) charitable tailgate party.  These days, they sponsor scores and perhaps even hundreds of them. 

FearlessF

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Re: Coronavirus discussion and Quarantine ideas
« Reply #553 on: March 23, 2020, 04:11:33 PM »
and Tito's is dog friendly
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betarhoalphadelta

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Re: Coronavirus discussion and Quarantine ideas
« Reply #554 on: March 23, 2020, 04:28:11 PM »
$&#^! So we're gonna have a vodka shortage now? 

FearlessF

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Re: Coronavirus discussion and Quarantine ideas
« Reply #555 on: March 23, 2020, 04:47:01 PM »
I have two handles at my house

that should last a couple weeks
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

847badgerfan

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Re: Coronavirus discussion and Quarantine ideas
« Reply #556 on: March 23, 2020, 04:50:11 PM »
and Tito's is dog friendly
Hairy naked men in their factory.
U RAH RAH! WIS CON SIN!

MarqHusker

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Re: Coronavirus discussion and Quarantine ideas
« Reply #557 on: March 23, 2020, 04:53:07 PM »
I want to punch the lawyers in the face that sued Titos over their hand made/crafted claims.

I dont even drink vodka. 

FearlessF

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Re: Coronavirus discussion and Quarantine ideas
« Reply #558 on: March 23, 2020, 05:58:10 PM »
still says handmade on the label

must not have been successful
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

MichiFan87

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Re: Coronavirus discussion and Quarantine ideas
« Reply #559 on: March 23, 2020, 06:47:54 PM »
And of course the petroleum industry is geared to transportation while renewable power is electricity, which is not nearly as relevant to transportation (yet).  As EVs come along of course that evolves, but a windmill doesn't get your gasoline powered car any further along.  Something close to 10%  of petroleum and NG is used by the chemical industry, that is a part that won't readily change.  And we make a lot of fertilizer using the Haber process from NG and ammonia. 

I've seen first hand how much large companies will spend on what is in effect PR by pretending to do something "eco-conscious" or whatever when nothing is expected of it.  I was smack in the middle of one of those circa 1992.  It was interesting and unpleasant politically.  Very.

I messed with the wrong lady.
Yes, the price range at which the oil & gas industry can be successful is slowly being squeezed by profitability on the low side and renewables, electrification, and (eventually) hydrogen on the high side.. China and Europe are already electrifying transportation and other sectors and starting to scale up hydrogen production, and it's only a matter of time until that really starts taking off in the US and elsewhere..... Transforming the industrial sector will be challenging to be sure, but even carbon-capture could become cost-effective for its processes eventually.

In other news, the Philadelphia area is officially locked down for at least two weeks so I'm stuck at my parents' place at least until that ends, not that there's anything to do in DC now, anyway.
“When your team is winning, be ready to be tough, because winning can make you soft. On the other hand, when your team is losing, stick by them. Keep believing”
― Bo Schembechler

 

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