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Posted

I really like the humor here - to me, it is like Danish humor! - Please remember the humor also when everything is tanking! [, which it eventually will - at some time in the future - perhaps already on monday.]

 

Buying opportunities mmmmmmmm!

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Posted

 

OMG! What an evil monster!  The world will have access to more energy!!!!!!!!!!!!!!!!!!!!!!  We're all going to die!!!!!

 

Oil is already very cheap

You ignore potential environmental externalities

This will delay investment into less-invasive energy production, especially solar energy

Posted

Looks like we want to help China secure an alternate source that doesn't rely on ocean transport.

 

Is this a stick we'll use to threaten the Saudis which we'll eventually try to hide behind our backs (maybe I'm trying too hard & it's just a naked grab at cash...)

 

Or maybe it's really an altruistic attempt to build good relations with Russia & China & at the same time keep the ME down (can that be considered altruistic?)

 

Someone needs to sort out my insanitideas...

Posted

 

OMG! What an evil monster!  The world will have access to more energy!!!!!!!!!!!!!!!!!!!!!!  We're all going to die!!!!!

 

Oil is already very cheap

You ignore potential environmental externalities

This will delay investment into less-invasive energy production, especially solar energy

 

Companies investing in solar energy research will stop if Exxon Mobil continues to explore for oil? Musk is going to throw up his hands and shut down Solarcity, throw a gas engine in the Model S, and convert all his super charger stations to Mobile stations?

 

The price of solar has been reduced massively in the last few years (I think I read somewhere the price has dropped 80% in the last 6 years).  If the price keeps coming down at that rate, or even a quarter of that rate, solar will do just fine without stopping XOM from looking for oil.

 

Posted

 

OMG! What an evil monster!  The world will have access to more energy!!!!!!!!!!!!!!!!!!!!!!  We're all going to die!!!!!

 

Oil is already very cheap

You ignore potential environmental externalities

This will delay investment into less-invasive energy production, especially solar energy

 

Companies investing in solar energy research will stop if Exxon Mobil continues to explore for oil? Musk is going to throw up his hands and shut down Solarcity, throw a gas engine in the Model S, and convert all his super charger stations to Mobile stations?

 

The price of solar has been reduced massively in the last few years (I think I read somewhere the price has dropped 80% in the last 6 years).  If the price keeps coming down at that rate, or even a quarter of that rate, solar will do just fine without stopping XOM from looking for oil.

 

PV is now close to the cost of coal, still more expensive than natural gas. But it probably won't be long before PV is cheaper than gas.

Power_Plant_Costs.tiff

Price_history_of_PV.tiff

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