C8 wrote:Obama's precedent will not be reversed and the destruction of checks and balances is far more harmful than mythical CO2 decreases. All dictatorships end badly and we are moving fast in that direction by this President.
C8 wrote:Obama's precedent will not be reversed and the destruction of checks and balances is far more harmful than mythical CO2 decreases. All dictatorships end badly and we are moving fast in that direction by this President.
... >>41 US oil and gas companies have gone bankrupt,
>>powerful major oil companies like Exxon and BP are in the range of 20-40 percent losses in stock price year-on-year,
>>most gas companies have seen even more severe losses, and
>>most coal companies have been reduced to junk stock status...
>>Arch Coal, one of the largest coal companies in the US, filed for bankruptcy today...
...It’s like the curse of Solyndra has been revisited on the entire fossil fuel industry.
But while the renewable energy industry is undergoing its biggest boom ever, the fossil fuel industry’s own bad investments, bad performance, bad decisions, and overall bad impacts on pretty much everything from the increasingly wrecked global climate, to the Deepwater Horizon blowout, to Oklahoma fracking earthquakes, to the debacle that is the Porter Ranch gas leak, are sinking it even faster than its carbon emissions are melting the Arctic sea ice...
... wind energy, solar energy, and efficiencies have now become an increasingly competitive player in the energy sector. In many regions now, wind and solar are competitive with natural gas and coal as well as with diesel electric generation. In total, more than 106 gigawatts of new renewable energy capacity from wind and solar alone was likely installed globally over the course of 2015 (see wind capacity forecast here and solar capacity forecast here). Since over 3 million barrels of oil go to diesel electricity generation around the world, this new generation directly competes with that source...
Funny how everyone blames the Saudis:
in 2010 US oil production was 8.6 million barrels a day, Saudi production was 10.8.
In 2014 US production was 12.5, Saudi 11.6.
So the US increase production by 3.9 million barrels a day, the Saudis by 0.8 and yet the Saudis get the blame for the glut.
Anyone care to explain the reasoning behind that? http://money.cnn.com/interactive/news/e ... producers/
dolanbaker wrote:The Saudi's have been on cruise control, relative to the US.
in 2010 US oil production was 8.6 million barrels a day, Saudi production was 10.8.
In 2014 US production was 12.5, Saudi 11.6.
So the US increase production by 3.9 million barrels a day, the Saudis by 0.8 and yet the Saudis get the blame for the glut.
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