mspohr
Well-Known Member
Sounds like he's just pandering to his coal mining buddies. Giving them lucrative contracts to mine this area. I'm sure the campaign contributions will continue to roll in.
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Prediction: Coal has fallen. Nuclear is next then Oil.
- Thread starter nwdiver
- Start date
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- Tags
- Energy Environment Policy
SageBrush
REJECT Fascism
The worlds former most valuable company takes a bit of a haircut...
CNBC: Saudi Aramco profit drops 50% for first half of the year as pandemic batters oil price.
Saudi Aramco profit drops 50% for first half of the year as pandemic batters oil price
"We remain fairly positive about the long term demand for oil"...
LOL, the company directors need to loosen those turbans as they appear to be cutting off the blood flow to their brains.
CNBC: Saudi Aramco profit drops 50% for first half of the year as pandemic batters oil price.
Saudi Aramco profit drops 50% for first half of the year as pandemic batters oil price
"We remain fairly positive about the long term demand for oil"...
LOL, the company directors need to loosen those turbans as they appear to be cutting off the blood flow to their brains.
mspohr
Well-Known Member
The New York Times: Delta Air Lines Bought an Oil Refinery. It Didn’t Go as Planned..
https://www.nytimes.com/2020/08/10/business/energy-environment/delta-oil-refinery-jet-fuel.htm
https://www.nytimes.com/2020/08/10/business/energy-environment/delta-oil-refinery-jet-fuel.htm
Didn't work. Missing l on html:
Delta Air Lines Bought an Oil Refinery. It Didn’t Go as Planned.
And meh, only really an issue because of the COVID restrictions.
Otherwise consider it a hedge on one of its largest expenses.
mspohr
Well-Known Member
Oops... thanks for correcting my link.
Besides COVID, it also seems that it wasn't going that well before. Oil refining is a tough business even in good times.
Power generation is the child of politics, not fuel availability. They are just playing with the environmentals. In the end, your EV runs on what they are selling, and it's a offer you can't refuse!
We have a pretty green grid here in PG&E land and CA in general and getting greener rapidly. Still, many with solar PV and home batteries have refused the offer.
But you CAN delay charging until ~noon on a weekend when charging your car means less solar PV is being curtailed or 2am when charging mean less wind is curtailed...
Hopefully soon you'll be able to join a aggregation network that will preferentially charge your car only when there's wind or solar curtailment so the only time your car takes kWh is either when you absolutely need it or when sending a kWh to your car means 1 less kWh of wind or solar is curtailed.
In the future, get an advance message from your utility of a window of free to pennies per kWh to charge your BEV during solar PV curtailment. Yes please.
It would be really nice to have EV sub-metering with an "agile" tariff. When the kWh pricing goes negative, they pay you to charge your car. This already happens in the UK.
SageBrush
REJECT Fascism
The little bit I know about the UK scene is that participants receive a text message; and if they can, they connect their cars at the low tariff time.
I'll guess that is a party that will not last long. I imagine people connecting their cars whenever they can and setting a threshold tariff to start the electricity flowing. It will require a smarter EVSE, but not too much. And then the days of free electricity will be over.
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SageBrush
REJECT Fascism
Yep !
Or just self-consume your own behind the meter production. In areas where 1:1 net ($) metering is not available that will be the obvious choice.
If we overbuild solar PV and on/offshore wind and fill in the gaps with non-V2G battery backup optimally, would imagine summer or (a future of heat pump upgraded buildings) winter would have little or no free curtailment electrons.
But that would leave opportunity for a spring feast, no? Or if we get million-mile-batteries that can handle the increased cycling/usage/discharges of V2G, maybe a bit more there...
Of course trying to charge during peak times could be punitively scary.
SageBrush
REJECT Fascism
I expect supply/demand imbalances. I was saying that the current zero cost electricity is more a case of inadequate information and a failed marketplace. When the pool of EV owners can set the rate they are willing to pay and have it happen automagically, it will be some discount off the average TOU rate but no where near zero.
dgpcolorado
high altitude member
SageBrush
REJECT Fascism
If I am following correctly, the plan is to take the oil and gas profits over the next decade and rather than spend them on oil and gas R&D, to spend them on acquiring profitable clean energy assets.
I frankly do not expect the oil companies to be profitable from here on out, given their future stranded assets. They may not write them down every year but the bill will exist.
dgpcolorado
high altitude member
Can't argue with that, although it may depend on the asset structure of the oil company, which varies somewhat.
I won't be shedding any tears if all the oil companies go belly-up! I do find it interesting, however, that some are trying to diversify into renewables — it suggests that they see the writing on the wall.
mspohr
Well-Known Member
Revealed: how the gas industry is waging war against climate action
In a nationwide blitz, gas companies and their allies fight climate efforts that they consider an existential threat to their business
In a nationwide blitz, gas companies and their allies fight climate efforts that they consider an existential threat to their business
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