We were told that the Inflation Reduction Act (IRA) would give us cheap “green” energy for “only” $400B in subsidies. In reality, the IRA has a limitless price tag.
The issue of subsidies for oil companies does not make your point about the IRA any better.
Subsidies are a euphemism for armed robbery, except the victims are promised a percentage of the loot that's stolen from their neighbors pocket. The only problem is...the same promise is made to the victim's neighbors. End all subsidies - for all companies - and let them compete in a free market.
My guess is that this is exactly what you do not want to happen...because you know what the results would be. In the free market people like you would actually bear the burden of proof to make your case (of an impending man-made climate catastrophe) using reason and evidence instead of petitioning government.
The fact that government can be persuaded to use it's power of force makes reasoned argument unnecessary.
My point about the IRA? I said it wasn't good legislation. Alex is just telling one side of the story, as propagandists do.
You want the government to end fossil fuel subsidies? Do you like paying $6 - $12 per gallon of gas? Because that's what they've been paying in places without fossil subsidies for decades.
It's funny watching you argue against phantoms, things I don't even believe, but you can stop assuming I'm a typical "green energy" lefty. I don't even think "green energy" exists.
Sweet summer scottie. Global conventional oil production has been plummeting since 2006, and according to WSJ fracking hit its peak too. Links below. Get a clue.
The price of extraction impacts all fossil fuel products. Gas is found in oil wells, or processed from crude oil. Also, New England was getting as much as 40% of its heat energy by burning oil last winter. You're sweet, though.
There are more oil and gas reserves being discovered every year. The total number of reserves worldwide have gone up, not down. Thanks to advanced technologies, reserves that were once thought to be played out are being revived. You're an example of someone who suffers from confirmation bias; you're too scared of being wrong, so you don't consider facts that are counter to your idea.
Try looking that at the annual reports of oil exploration companies. Shell, Exxon, etc. Look at their proven reserves and exploration efforts. There are plenty of known reserves, and lots more to find.
You're a funny guy. We burn through seven years of oil field discoveries every year. I've spent plenty of time looking at the reports, and discussing them with energy consultants. The wells are increasingly low-quality, inaccessible, small, and expensive to exploit. Technology won't fix that.
We're not running out tomorrow, but if we don't think about how to manage what we have to build whatever comes next (e.g. nuclear), your children will hate you forever. Alex is selling you a fantasy for fast profits.
General Motors is offering an EV van (BrightDrop) for the short haul delivery van market...picture a UPS or FedEx delivery van you see running around your neighborhood. The model number is E600 and it has a range of 250 miles on a full charge, has a 2200 lbs. payload, 600 cubic feet of cargo space, and costs $85,000 a copy.
An example of a current UPS or FedEx delivery van would be a Freightliner MT-45, which has a 300 mile range on a full tank of diesel, has a 10,000 lbs. payload, 1150 cubic feet of cargo space, and costs about $40,000.
1/4th the payload, 50 miles (or more, depending on terrain) fewer miles of range, 1/2 the cargo space, and over twice the cost.
And, this is only ONE example of the idiotic economics behind the IRA. Here are more...
"Green" steel from Steel Dynamics is being produced using a "non-coal" coke made from bio-mass. It boasts 1/2 the BTU content and 5 times the cost per ton of regular coal based coke...so they need to burn twice as much make the same amount of steel at 10 times the cost.
Valero Energy produces bio-diesel from waste oils derived from soybeans and corn at over 4 times the cost per gallon than from crude oil. Bio-diesel is blended with #2 diesel at concentrations up to 15%...more than that causes jelling problems and damage to fuel injection systems due to low lubricity.
Bio-diesel's BTU content is lower than #2 diesel across the board, but for soybean oil it's BTU content is about 13% lower. For every gallon of blended diesel fuel you are losing right around 7% of it's energy content...and the blended fuel costs about $0.05+ more per gallon.
Ethanol blended gasoline is worse...straight gasoline has about 32% more energy per gallon than straight ethanol. Blended at the current rates increases fuel consumption by about 10%...and it adds about $0.05 per gallon in costs.
Anyone who thinks this makes any economic sense needs their head examined. Not only are taxpayer footing the bill for the subsidies, they are absorbing the higher costs due to the inefficiencies of technologies that are clearly inferior.
When you look at all of these initiatives in terms of "carbon cost" the economics move from being simply idiotic to being outright stupid. Each electric vehicle that rolls off of the dealers lot is already responsible for more carbon than a fossil fueled vehicle will be during its entire lifespan; from raw materials in the ground to the crusher...where most of it is recycled. This includes the 10's of thousands of gallons of fuel that the fossil fueled vehicle burns during its lifetime. If you want to save the planet from too much carbon dioxide, stop building electric vehicles!
One problem created by ethanol blended gasoline is shortened engine life.
Regular gasoline used lead to lubricate some of the valve train components. The introduction of unleaded gasoline in the early 1990's required special bronze valve guides, which were self-lubricating. Now, with 10-15% ethanol blends these bronze guides cannot survive...so engine manufacturers have increased the clearances to allow more engine oil to flow past the valve stems and into the combustion chambers...increasing oil consumption. This shortens the life of the catalytic converters, which were part of the mandated change manufacturers made to clear exhaust gases of unburned hydrocarbons.
So, thanks to the government involvement solicited by environmentalists, engines burn more oil, cost more to maintain, and do not last as long as they could. Anyone calling this progress is either ignorant or dishonest. I suppose they could be both... :)
Apparently Alex forgot that the fossil fuel industry has been getting ~ $130 billion annual federal subsidies for decades.
https://en.wikipedia.org/wiki/Fossil_fuel_subsidies
Looks like he also forgot that fracking has never been profitable unless a barrel of oil is trading over $100.
https://www.investopedia.com/articles/investing/072215/can-fracking-survive-60-barrel.asp#
It's always worth turning money into energy. There is no economy without cheap energy.
I'm not saying the IRA is good policy, but neither is whatever Alex is peddling.
The issue of subsidies for oil companies does not make your point about the IRA any better.
Subsidies are a euphemism for armed robbery, except the victims are promised a percentage of the loot that's stolen from their neighbors pocket. The only problem is...the same promise is made to the victim's neighbors. End all subsidies - for all companies - and let them compete in a free market.
My guess is that this is exactly what you do not want to happen...because you know what the results would be. In the free market people like you would actually bear the burden of proof to make your case (of an impending man-made climate catastrophe) using reason and evidence instead of petitioning government.
The fact that government can be persuaded to use it's power of force makes reasoned argument unnecessary.
My point about the IRA? I said it wasn't good legislation. Alex is just telling one side of the story, as propagandists do.
You want the government to end fossil fuel subsidies? Do you like paying $6 - $12 per gallon of gas? Because that's what they've been paying in places without fossil subsidies for decades.
It's funny watching you argue against phantoms, things I don't even believe, but you can stop assuming I'm a typical "green energy" lefty. I don't even think "green energy" exists.
It's a complete scam. My electricity rate this winter is .34 per kilowatt hour, ridiculous
Welcome to the new era. The cheap fossil fuels party is over. There is no policy that can change that. There's just not enough good wells left.
😂 You're spreading lies or you're completely clueless
Sweet summer scottie. Global conventional oil production has been plummeting since 2006, and according to WSJ fracking hit its peak too. Links below. Get a clue.
https://www.researchgate.net/figure/nternational-Energy-Agency-projections-for-production-of-all-types-of-oil-in-their-New_fig4_319059734
https://www.wsj.com/articles/fracking-oil-prices-shale-boom-11643824329
Wtf does oil have to do with electric generation moron? It's natural gas. 😂
The price of extraction impacts all fossil fuel products. Gas is found in oil wells, or processed from crude oil. Also, New England was getting as much as 40% of its heat energy by burning oil last winter. You're sweet, though.
https://www.forbes.com/sites/davidblackmon/2022/12/26/iso-new-england-pumps-up-the-fuel-oil-again-during-winter-storm/
Take your fear mongering elsewhere dumbfuck
There are more oil and gas reserves being discovered every year. The total number of reserves worldwide have gone up, not down. Thanks to advanced technologies, reserves that were once thought to be played out are being revived. You're an example of someone who suffers from confirmation bias; you're too scared of being wrong, so you don't consider facts that are counter to your idea.
Try looking that at the annual reports of oil exploration companies. Shell, Exxon, etc. Look at their proven reserves and exploration efforts. There are plenty of known reserves, and lots more to find.
You're a funny guy. We burn through seven years of oil field discoveries every year. I've spent plenty of time looking at the reports, and discussing them with energy consultants. The wells are increasingly low-quality, inaccessible, small, and expensive to exploit. Technology won't fix that.
We're not running out tomorrow, but if we don't think about how to manage what we have to build whatever comes next (e.g. nuclear), your children will hate you forever. Alex is selling you a fantasy for fast profits.
Just want to alert those interested in property law that the basis of property ownership in the US was repudiated this week by the Vatican. Read here what I think it all means: https://open.substack.com/pub/profvictoria/p/doctrine-of-discovery?r=bpwpi&utm_medium=ios&utm_campaign=post
Just want to alert those interested in property law that the basis of property ownership in the US was repudiated this week by the Vatican. Read here what I think it all means: https://open.substack.com/pub/profvictoria/p/doctrine-of-discovery?r=bpwpi&utm_medium=ios&utm_campaign=post
General Motors is offering an EV van (BrightDrop) for the short haul delivery van market...picture a UPS or FedEx delivery van you see running around your neighborhood. The model number is E600 and it has a range of 250 miles on a full charge, has a 2200 lbs. payload, 600 cubic feet of cargo space, and costs $85,000 a copy.
An example of a current UPS or FedEx delivery van would be a Freightliner MT-45, which has a 300 mile range on a full tank of diesel, has a 10,000 lbs. payload, 1150 cubic feet of cargo space, and costs about $40,000.
1/4th the payload, 50 miles (or more, depending on terrain) fewer miles of range, 1/2 the cargo space, and over twice the cost.
And, this is only ONE example of the idiotic economics behind the IRA. Here are more...
"Green" steel from Steel Dynamics is being produced using a "non-coal" coke made from bio-mass. It boasts 1/2 the BTU content and 5 times the cost per ton of regular coal based coke...so they need to burn twice as much make the same amount of steel at 10 times the cost.
Valero Energy produces bio-diesel from waste oils derived from soybeans and corn at over 4 times the cost per gallon than from crude oil. Bio-diesel is blended with #2 diesel at concentrations up to 15%...more than that causes jelling problems and damage to fuel injection systems due to low lubricity.
Bio-diesel's BTU content is lower than #2 diesel across the board, but for soybean oil it's BTU content is about 13% lower. For every gallon of blended diesel fuel you are losing right around 7% of it's energy content...and the blended fuel costs about $0.05+ more per gallon.
Ethanol blended gasoline is worse...straight gasoline has about 32% more energy per gallon than straight ethanol. Blended at the current rates increases fuel consumption by about 10%...and it adds about $0.05 per gallon in costs.
Anyone who thinks this makes any economic sense needs their head examined. Not only are taxpayer footing the bill for the subsidies, they are absorbing the higher costs due to the inefficiencies of technologies that are clearly inferior.
When you look at all of these initiatives in terms of "carbon cost" the economics move from being simply idiotic to being outright stupid. Each electric vehicle that rolls off of the dealers lot is already responsible for more carbon than a fossil fueled vehicle will be during its entire lifespan; from raw materials in the ground to the crusher...where most of it is recycled. This includes the 10's of thousands of gallons of fuel that the fossil fueled vehicle burns during its lifetime. If you want to save the planet from too much carbon dioxide, stop building electric vehicles!
One problem created by ethanol blended gasoline is shortened engine life.
Regular gasoline used lead to lubricate some of the valve train components. The introduction of unleaded gasoline in the early 1990's required special bronze valve guides, which were self-lubricating. Now, with 10-15% ethanol blends these bronze guides cannot survive...so engine manufacturers have increased the clearances to allow more engine oil to flow past the valve stems and into the combustion chambers...increasing oil consumption. This shortens the life of the catalytic converters, which were part of the mandated change manufacturers made to clear exhaust gases of unburned hydrocarbons.
So, thanks to the government involvement solicited by environmentalists, engines burn more oil, cost more to maintain, and do not last as long as they could. Anyone calling this progress is either ignorant or dishonest. I suppose they could be both... :)