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Topic: Weather, Climate, Environment, and Energy

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Riffraft

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Re: Weather, Climate, and Environment
« Reply #1120 on: April 19, 2019, 02:14:42 PM »
The era of oil is coming to an end, with global oil production set to halve in the next five to six years. To avoid a global economic slump, the transition to 100% renewables worldwide needs to be accelerated. It is feasible and cheaper than the current system, research shows.

https://cleantechnica.com/2019/04/18/the-largely-ignored-problem-of-global-peak-oil-will-seriously-hit-in-a-few-years/
What are you talking about according to all the experts from the 70s we ran out of oil decades ago. 

betarhoalphadelta

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Re: Weather, Climate, and Environment
« Reply #1121 on: April 19, 2019, 02:19:59 PM »
What are you talking about according to all the experts from the 70s we ran out of oil decades ago.
That's ok... Didn't you see Jurassic Park and all the follow-on documentaries?
We had a lot of dinosaurs, and killed them, so now we have more oil.

SFBadger96

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Re: Weather, Climate, and Environment
« Reply #1122 on: April 19, 2019, 02:24:34 PM »
And I get it. I'd like to see more of it. I actually just bought a bike personally, and I'm trying to find excuses to use it.
I just think that one of the reasons that people haven't remade their lives to be more bike-friendly is because it's always going to be a niche. I think a lot of cyclists get into the "true believer cult" mode and think it's going to be a lot bigger than reality will support...
Just my $0.02... But I'm a cynical asshole.
I think autonomous vehicles will dramatically remake the transportation landscape. And I don't know how that will impact bicycles, specifically. It probably won't impact my working life much, but I suspect it will be big for my kids.

I agree that there are many zealots who see bigger changes than are reasonable to expect, but people on the fringes push for change. That's how things work. :-)

Cincydawg

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Re: Weather, Climate, and Environment
« Reply #1123 on: April 19, 2019, 02:27:35 PM »
Nuclear fusion - the energy of the future, and always will be.

Hardly anyone is counting on commercial fusion in our lifetimes.

Cincydawg

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FearlessF

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Re: Weather, Climate, and Environment
« Reply #1125 on: April 19, 2019, 02:52:59 PM »
What are you talking about according to all the experts from the 70s we ran out of oil decades ago.
I just posted the article because I thought it interesting.  I don't believe it.  I certainly hope it's not true
and yes, I remember the price of gas skyrocketing to 75 cents per gallon in 1976...  thought my father was gonna make the family walk through the Arizona dessert
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

MichiFan87

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Re: Weather, Climate, and Environment
« Reply #1126 on: April 19, 2019, 03:00:33 PM »
The CleanTechnica article is hypothetical and unrealistic, but the EIA projections are for domestic production, which is a different matter altogether. Peak oil is a demand-side (not supply-side) issue now. I can't seem to find anything reported within the past year, but I'm pretty sure that domestic demand has basically been stagnant this decade.

That said, investment in oil & gas infrastructure is in decline. Many investors are reducing their investment in oil & gas companies (in some cases completely divesting though that's for good PR to some extent).
“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: Weather, Climate, and Environment
« Reply #1127 on: April 19, 2019, 03:05:27 PM »
If investors net are reducing investment in oil companies, their stock prices should reflect that.

Investment by those companies is of course not predicated on stock price, but on cash flow and management.



Capex looks to be advancing strongly.
« Last Edit: April 19, 2019, 03:13:05 PM by Cincydawg »

MichiFan87

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« Last Edit: April 19, 2019, 03:54:04 PM by MichiFan87 »
“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: Weather, Climate, and Environment
« Reply #1129 on: April 19, 2019, 03:46:42 PM »
I'm not surprised SLB would like to see more capital spending.

Cincydawg

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Re: Weather, Climate, and Environment
« Reply #1130 on: April 19, 2019, 03:57:50 PM »
https://oilprice.com/Energy/Crude-Oil/Is-It-Too-Late-To-Avoid-An-Oil-Supply-Crisis.html

Interesting speculation about a rather large oil supply crunch ahead, which would mean high prices of course.  The boom-bust cycles must be a challenge to try and manage.


Cincydawg

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Re: Weather, Climate, and Environment
« Reply #1131 on: April 20, 2019, 10:40:55 AM »
I turned our heat back on this AM, was 45°F outside.

You can make a ° symbol by ALT248 on the keypad.

Riffraft

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Re: Weather, Climate, and Environment
« Reply #1132 on: April 20, 2019, 11:12:43 AM »
I turned our heat back on this AM, was 45°F outside.

You can make a ° symbol by ALT248 on the keypad.
I turned my ac on yesterday it reached 100°F yesterday

betarhoalphadelta

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Re: Weather, Climate, and Environment
« Reply #1133 on: April 20, 2019, 12:53:15 PM »
Cold here today. Only a high of 64.

Although we're going to a BBQ further inland where it's supposed to be 72 this afternoon. 

 

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