Fossil Fuels are a Hell of a Lot More Sustainable Than Wind and Solar

[Anonymous]

Life without oil and petroleum products.

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https://www.facebook.com/OilSandsAction/videos/5744412952251871/

Most people are ignorant of the absolute necessity of petroeum in their modern lives.

[Thiel]

Lithium prices have soared by close to 500% over the past year. Stocks at the London Metals Exchange have dropped to the lowest since records began in 1997. EV prices are rising. The energy transition may have well ended before it took off.

[Anonymous]

We're transitioning alright.

[Anonymous]

We're transitioning alright.

Transitioning is on hold.

[Anonymous]

We're transitioning alright.

Question is, is that enough?

[Anonymous]

Reality check.



The top is a oil well, where 100% organic material is pumped out of the ground, taking up around 500 to 1000 square feet. Then flowlines safely carry the oil to refineries, as far as Chicago.



The bottom is just one of Teslas lithium supply mines where entire mountains are eliminated. Each mine usually consist of 35-40 797 cat haul trucks along with hundreds of other large equipment. Each 797 uses around half a million gallons of diesel a year. So with a inventory of just 35 the haul trucks alone are using 17.5 million gallons of fuel a year for just one lithium site.



So next time you are driving your electric car thinking you are saving the environment remember that it came at a cost of entire mountains, thousands of square miles of land and billions of gallons of oil and fuel. I get we need to save the planet but we are not there technologically yet and electric is not the answer.

[Thiel]

Reality check.



The top is a oil well, where 100% organic material is pumped out of the ground, taking up around 500 to 1000 square feet. Then flowlines safely carry the oil to refineries, as far as Chicago.

 

The bottom is just one of Teslas lithium supply mines where entire mountains are eliminated. Each mine usually consist of 35-40 797 cat haul trucks along with hundreds of other large equipment. Each 797 uses around half a million gallons of diesel a year. So with a inventory of just 35 the haul trucks alone are using 17.5 million gallons of fuel a year for just one lithium site.



So next time you are driving your electric car thinking you are saving the environment remember that it came at a cost of entire mountains, thousands of square miles of land and billions of gallons of oil and fuel. I get we need to save the planet but we are not there technologically yet and electric is not the answer.

Wind, solar and electric cars are a dozen environmental steps backwards.

[Frood]

Reality check.



The top is a oil well, where 100% organic material is pumped out of the ground, taking up around 500 to 1000 square feet. Then flowlines safely carry the oil to refineries, as far as Chicago.

 

The bottom is just one of Teslas lithium supply mines where entire mountains are eliminated. Each mine usually consist of 35-40 797 cat haul trucks along with hundreds of other large equipment. Each 797 uses around half a million gallons of diesel a year. So with a inventory of just 35 the haul trucks alone are using 17.5 million gallons of fuel a year for just one lithium site.



So next time you are driving your electric car thinking you are saving the environment remember that it came at a cost of entire mountains, thousands of square miles of land and billions of gallons of oil and fuel. I get we need to save the planet but we are not there technologically yet and electric is not the answer.

I used to work on the 797's and 793's.... the wear and tear costs are immense too.

[Anonymous]

Reality check.



The top is a oil well, where 100% organic material is pumped out of the ground, taking up around 500 to 1000 square feet. Then flowlines safely carry the oil to refineries, as far as Chicago.

 

The bottom is just one of Teslas lithium supply mines where entire mountains are eliminated. Each mine usually consist of 35-40 797 cat haul trucks along with hundreds of other large equipment. Each 797 uses around half a million gallons of diesel a year. So with a inventory of just 35 the haul trucks alone are using 17.5 million gallons of fuel a year for just one lithium site.



So next time you are driving your electric car thinking you are saving the environment remember that it came at a cost of entire mountains, thousands of square miles of land and billions of gallons of oil and fuel. I get we need to save the planet but we are not there technologically yet and electric is not the answer.

E-cars environmentally friendly-not.

[Anonymous]

Reality check.



The top is a oil well, where 100% organic material is pumped out of the ground, taking up around 500 to 1000 square feet. Then flowlines safely carry the oil to refineries, as far as Chicago.

 

The bottom is just one of Teslas lithium supply mines where entire mountains are eliminated. Each mine usually consist of 35-40 797 cat haul trucks along with hundreds of other large equipment. Each 797 uses around half a million gallons of diesel a year. So with a inventory of just 35 the haul trucks alone are using 17.5 million gallons of fuel a year for just one lithium site.



So next time you are driving your electric car thinking you are saving the environment remember that it came at a cost of entire mountains, thousands of square miles of land and billions of gallons of oil and fuel. I get we need to save the planet but we are not there technologically yet and electric is not the answer.

Sustainable ac_lmfao

[Anonymous]

[Anonymous]

As the cost of nearly everything has shot up – few things more than fuelling a vehicle or heating a home – charging an electric vehicle has remained miraculously "free" in many public locations. If the juice for green cars can be free, then surely greening the gigantic infrastructure of power generation, transmission and distribution that provides it can't be all that difficult or expensive. Can it? Not so fast, says the Coalition of Concerned Manufacturers and Businesses of Canada. In this paper, the Coalition soberly evaluates the formidable barriers, false premises, wild assumptions and almost unimaginable costs of the federal government's new Clean Electricity Standard, a key component of the Trudeau Liberals' program to bring Canada to "Net Zero" carbon emissions within just 28 years.

https://c2cjournal.ca/2022/04/grand-delusion-the-liberal-governments-proposed-clean-electricity-standard/

[Anonymous]

It seemed momentum was on the side of Mark Carney who urged investors to divest of oil and gas stocks. They would become stranded assets in the near future. Warren Buffet believes wind, solar and ev's will be the stranded assets and he is not alone.



Which energy assets will be stranded?

Coal, oil and gas versus windmills, EVs and carbon sequestration



Oilprice.com covered the latest energy trends Monday with a report that U.S. investment giant Warren Buffett is "betting big on oil and gas stocks." One assumes that Buffett is not a follower of Mark Carney, former central banker and chief proponent of climate financial strategies based on the assumption that fossil fuels will become stranded assets and should be divested ASAP. Back in 2015, as governor of the Bank of England, Carney warned of a "potentially huge" risk that reserves of coal, oil and gas could become "literally unburnable."



According to oilprice.com, Buffett is moving in the other direction. After decades of plowing money into the banking industry, Buffett is now unloading bank and investment stocks and taking new multi-billion stakes in computing companies and energy stocks. He has dumped Wells Fargo and JPMorgan stock and picked up companies such as Occidental Petroleum and Chevron (although JPMorgan remains a big fossil fuel backer).



Buffet is not alone. In March, the Financial Times reported that global banks poured US$750 billion into fossil fuel finance. On the markets, the S&P/TSX Capped Energy index has doubled over the last year from 120 to 240 and rose another nine points to 250 on Tuesday — its highest point since 2014 — after Imperial Oil nearly tripled its quarterly profits and Brent futures hit US$106 a barrel. In the U.K., the Conservative government continues to talk of boosting North Sea oil and gas activity.



The fossil fuel explosion is clearly the product of a multitude of changing political and economic circumstances, from the pandemic to the Ukraine war to supply chain crises to inflation and other shifting economic circumstances. The global economic and political system is all messed up and in turmoil. In others words, situation normal. Alberta energy writer David Yager summed it up in a recent commentary: "Rendering fossil fuels obsolete was conceived in a different environment than the one we live in today. That was Mark Carney's world, and he was a star. But in our tumultuous new world, does Mark Carney's stranded asset definition still mean anything?"



That's the question. If Carney's world view of the energy market has been overtaken by geopolitical and economic forces, another question arises. If fossil fuels persist and continue to dominate the world energy market, other assets could end up stranded, particularly energy assets that are already non-viable and cannot survive today without massive injections of state funding.



In Windsor this week, Prime Minister Justin Trudeau and Ontario Premier Doug Ford grabbed headlines when they showed up for a Stellantis announcement that it was investing $3.6 billion to convert a Chrysler plant to EV production. It's all part of a $16-billion electric vehicle investment effort, much of it backed by billions in federal and provincial subsidies.



As a result, government-backed battery plants are popping up in Quebec and Ontario, an essential part of the electric vehicle production system since transporting manufactured batteries long distances is difficult. Will all this investment, which the private sector obviously considers too risky to take on, end up on the stranded asset pile as time and global economic and political shocks continue as usual to rock industry?



Will all the wind farms and solar panel projects now dotting the countryside of many nations continue to survive as electricity markets evolve? Will governments continue to fund massive expansions of their electricity grids and power distribution systems in an attempt to knock out fossil fuels, the same fossil fuels that are now in high demand, especially in developing nations?

https://financialpost.com/opinion/terence-corcoran-which-energy-assets-will-be-stranded

[cc]

Alberta's highest court deems Impact Assessment Act to be unconstitutional






The Alberta Court of Appeal has determined that the federal government overstepped its mark with the Impact Assessment Act. The decision on the act, previously known as Bill C-69, was made with a majority opinion from three of five justices, with an additional judge signing off on that opinion.



Alberta had argued that the act was a "Trojan Horse" that intruded into provincial jurisdiction. Ontario, Saskatchewan, the Woodland Cree First Nation and Indian Resource Council along with oil and gas producers all supported the province's challenge.

[Anonymous]

Alberta's highest court deems Impact Assessment Act to be unconstitutional







The Alberta Court of Appeal has determined that the federal government overstepped its mark with the Impact Assessment Act. The decision on the act, previously known as Bill C-69, was made with a majority opinion from three of five justices, with an additional judge signing off on that opinion.



Alberta had argued that the act was a "Trojan Horse" that intruded into provincial jurisdiction. Ontario, Saskatchewan, the Woodland Cree First Nation and Indian Resource Council along with oil and gas producers all supported the province's challenge.

That is very encouraging cc.