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JMartin
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Big oil may control politicians, but politicians have less control over the economy and business than everyone (especially politicians) would like us to believe. GE is betting on distributed energy. India is working on solar and wind, as is Iran. The interests of businesses other than oil are to have stable, sustainable energy sources. This report and others like it will just accelerate the effort toward other sources. I have no idea how this will all shake out, but it will shake out - probably not smoothly, but also probably not how 99% of us predict.
One more thing. Russia and Iran will continue to sell all they can, even if it is at a loss, because they need the income now to sustain their governments.
The Saudi's may be reading economic reports on stranded assets, and they don't want those to be in Saudi Arabia. We may be reaching a tipping point where oil producers need cash flow from sales now and cannot depend on sales rising in the future, so they are not holding out for a better price.
I just installed a new gas furnace and water heater. So I figure I have 10 years before replacement. I hope this research and development achieve their goals before that.
Why all the discussion about Tesla sales. They opened their patents and other companies will adopt the battery packs at some level, so it is not just Tesla auto sales, it is BEV, HBEV sales that will count. They can sell the batteries if they make them.
HSR is a 150 year old technology that goes a little faster. A big heavy box waiting for enough passages that has to cross someone's privately owned farm to be built. How about high speed Personal Rapid Transit on elevated tracks? That is more like a lightweight autonomous car with lightweight track that is a similar paradigm to a car and road, but faster, and cheaper to build. Someone just has to break the mold that contains current regulations and start it.
By the time hydrogen takes over, today's diesel will be ready for the scrap heap anyway. Things won't change THAT fast.
Yes, but look at all those wonderful jobs we will have in the tracking industry. (Sarcasm)
I have said it before and I will say it again. The only way nukes get built is if the Government guarantees all debt and liability. These may be fine ideas, but investors will not put up the money unless there is no risk.
@nordic: Lundburg says that US gas prices at the pump dropped $.10 over the past two weeks because of refiners chasing sales, while oil prices remain high. That suggests to me that we are starting to use less oil -- maybe due to BEV's but more likely due to more efficient ICEV's. No data to support that yet, but a possible indicator.
Europeans often lack garages as well. When quick charge stations are plentiful and price differentials drop, this may change.
There might be enough wood chips from pine beetle kill to do the job, but the wind would probably blow it all away. If Colorado replace fossil fuel electricity with solar and wind (lots of both), we would not send the water from cooling towers to the other side of the Mississipi, which is what happens now. It is too late to stop the fracking train in Colorado -- unfortunately.
Whoa, Herman. My issue with corporate welfare says nothing about conspiracies or other countries. I just want to know why it is an invesment when it is corporate money and an expenditure when it is tax money. Can't we share the proceeds that eminate from investment. Also, Government does not serve the same purpose as a corporation. But that does not mean the citizens who paid the taxes you complain about, should not recieve some benefits when there are fruits from the reasearch. And the fact that there are other countries has nothing to do with whether we are doing it right or not. You seem to be "commingling" the issues.
SJC - That is correct. And that is why we have not had a new antibiotic developed for 30 years, and the treatment for Hepatitis A cost $80,000 per person. You know darned well that the Government paid for most of the basic research for medicine, but the citizens are not allowed to share in the profits. Talk about a welfare state.
It seems to me the cost of production has little meaning. These only make sense for "excess" producton of solar and wind, meaning the energy produced has no value unless stored. Now, for you engineers that assume the entire system is going to be optimized that is not a problem. But in the real world, there will eventually be more electricity produced than needed at certain times of the day, in some locations. Someone previously posted that Hawaii already has this problem. I don't think we are going to build a nuclear reactor that will not go into operation for at least 10 years, on the assumption we can start it up on demand as backup capacity. Flow batteries may not be the only answer, but everything is on the table.
I would love to see this in solar drones that would make possible low-cost, competitive wifi.
Amen Brotherk. Close the coal mines and make jobs by cutting switchgrass to dump in the mines to sequester carbon. They will be healthier jobs, too.
EP - I saw a recommendation some time back that biomass be sequestered by dumping it in abandoned mines.
Roger, I am having difficulty following your thoughts. Sorry. Harvey, What you say may be true, but the savings will go to individuals who will spend their share of the savings in many ways, maybe at the fast food joint that pays the higher minimum wage. Anyway, no central government or business will use it to install H2 stations.
Personal Rapid Transit (PRT) along with autonomous vehicles for the "last mile."
Ralph, your comments make perfect sense, except for one. We will continue to have jobs because of fracking, not fracking because of jobs. Everyone (politicians and commentators) seem to think we do everything to create jobs. Actually we do everything to create profit. Jobs are a cost to the business, not a purpose for it. If fracking could be done by cheap robots, it would be. But then we would crow about the jobs in the robotics industry. :-)
If India could build an efficient grid and/or storage for renewables, they could (and probably soon will) use wind and solar in place of coal. http://www.zdnet.com/solar-prices-reach-a-new-bottom-almost-competitive-with-coal-7000027534/
If India could build an efficient grid and/or storage for renewables, they could (and probably soon will) use wind and solar in place of coal. http://www.zdnet.com/solar-prices-reach-a-new-bottom-almost-competitive-with-coal-7000027534/
Dursun - in 73 we had gasoline anxiety. That could also happen again. So pick your poison.