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True, you can produce electricity via other means that using coal. Even rubbing a balloon against wool works for that. HOWEVER... At present, the world cannot produce sufficient electric power (energy) to satisfy demand without using coal, even in the USA. That's the current reality. Electric power is perhaps the most addictive "stuff" I can think of. The withdrawal symptoms are really severe.

You need to get your hands on a copy of "Donald Duck and the Golden Helmet". A fantastic story, and terrific artwork! Carl Barks at his finest. https://en.wikipedia.org/wiki/The_Golden_Helmet "The helmet, an object of power, has the same effect on each of its successive owners: A cold glitter in their eyes betrays awakening greed and ambitions, as they become more ruthless, each of them in turn revealing the dreams of a would-be tyrant. Donald goes so far as to suggest charging for oxygen, with people wearing meters on their chests to keep track of how much they breathe". "A penny a breath, a nickle per sigh" (from the comic itself). It is high praise to say a comic book story has no throwaway panels, but this yarn illustrates that concept. Every picture tells a story.

Please re-read his post, "WTI breaking back above $70 and Brent trading at $73.72" Today WTI closed at your 73.13 and Brent closed at 75.93. You can see you transposed his numbers. An apology is in order, yes?

Productivity is increasing, a good sign. "Goehring & Rozencwajg: U.S. shale production peaked in late 2023 and is now declining. Geological depletion rather than market dynamics poses the biggest challenge. Novel technologies like CO2 injection offer hope for extending oil field lifespans."

India Adds 4GW of New Coal Power Capacity in 2024 | OilPrice.com Try and explain to India that coal is "bad" and since no natural gas in pipelines or LNG is viable at the prices. Live with it. India Takes the Lead in Oil Demand Growth | OilPrice.com And even more crude!!! They have no natural resources so, they are guaranteeing they're future ahead of time. Population growth demands more and more energy!

I agree that nat gas can fuel a boiler. If you don't have the pipeline available, and also need to spend millions to retrofit/modify the boiler system, coal still remains attractive. Plus, you can store quite a lot of it on site. Note that I said WORLD demand. Replacing all the coal BTU's with nat gas BTU's is gonna require a whole lotta nat gas. It can be done, but certainly not overnight. A decade or two? Sure! Crying toddlers are the customer. Who's gonna tell the customer to stop bawling? As I have said, electric power is HIGHLY addictive.

yes President Musk will just "reform government" so that all potential competitors of Tesla die off.

all hail to President Musk, our unelected oligarch who Trump sold his office to

The radical climate agitators in California persist in getting it wrong. Here is more nonsense from the misguided liberal intelligentsia. https://oilprice.com/Energy/Gas-Prices/Debunking-the-Myth-of-Oil-Refiner-Price-Gouging-in-California.html "California's high gasoline prices are primarily driven by state taxes and fees, not excessive profits by oil refiners. Data from the California Energy Commission reveals that oil refiners often operate on razor-thin or even negative profit margins. Policymakers should focus on reforming California's tax and regulatory structure to address high gas prices instead of targeting oil companies." "Since California began reporting net margins in June 2023, the data paints a very different picture than that promoted by supporters of anti-gouging measures. Over the past 11 months that have been reported, refiners posted a positive net margin in only six months. The average net profit margin from June 2023 to April 2024 was just $0.09 per gallon — hardly the excessive profits that critics claim." "Californians pay roughly $1.40 per gallon in taxes and fees — the highest in the nation. Here’s the breakdown: State Excise Tax: 57.9 cents per gallon (as of July 2024) Federal Excise Tax: 18.4 cents per gallon Cap-and-Trade Program: 23 cents per gallon Low-Carbon Fuel Standard (LCFS): 18 cents per gallon Underground Storage Tank Fee: 2 cents per gallon Sales Tax: ~3.7% of the retail price These taxes and regulatory fees combined with California’s stringent fuel standards — which mandate unique summer and winter gasoline blends — drive up prices far more than the refiners’ net margins."

In short: tariffs are a tax. They are a regressive, consumption tax, meaning that they hit everyone at the same rate. That means as a percent of income, it hits working people harder than rich people. And, they’re inflationary. Tariffs increase the price of imported goods and incentivize companies to increase prices of domestic goods. They’re generally good for a few select businesses and bad for consumers. Free trade is the foundation of capitalism, it's frustrating seeing folks gleefully accepting the privilege of paying more so they can pay for billionaires' tax cuts. Even more frustrating is, prices will never go down--they raised because of the pandemic (demand, existing tariffs), then raised because of post-pandemic conditions (supply chain, inflation), now they're going to increase even more (increased tariffs). And for absolutely nothing.

That statement tells us who you really are, a liar with no moral code. You have negated all your previous posts by that one statement!!! Sad....

another good reason to embrace alternative energies BBC Two Russian oil tankers wrecked in Black Sea's Kerch Strait Two Russian oil tankers have been badly damaged in the Black Sea, causing an oil spill, authorities in Russia have said. . 5 hours ago Common Dreams Ecological Disaster Feared After Pair of Russian Oil Tankers Sink A pair of Russian oil vessels on Sunday sunk in the Black Sea, according to reports, causing what Russian officials termed an "oil spill... . 14 hours ago Euronews Video. Two Russian oil tankers badly damaged in storm in Kerch strait The Volgoneft-212 tanker has run aground and one of its 13 crew members has died. The others were rescued, Russia's Emergency Situations... . 3 hours ago

California is having serious trouble with its attempt to force EV consumption onto a reluctant population. It's over and done. https://www.latimes.com/environment/story/2024-12-11/why-newsoms-electric-vehicle-mandate-is-in-trouble "EV sales have stalled, clouding California's ambitious plans for all new cars sold in California to be zero-emission vehicles by 2035. President-elect Donald Trump's plans to eliminate EV tax credits and slap tariffs on imports could further weaken the EV market." " Sales growth has stalled as potential buyers balk at high sticker prices and unreliable public charging. " " The first big test for the governor's edict comes next year, when 35% of new vehicles sold must be zero-emission, up from 26.4% now. To hit that mark, EV sales would have to skyrocket 33%." ““I have not seen a forecast by anyone that that number is achievable,” Toyota North America Chief Operating Officer Jack Hollis said on a conference call with reporters last month. “Demand is not there.” " Tesla deliveries are below expectations, Volvo has moved back its 2030 100% EV timeline, General Motors abandoned its 1-million-vehicle 2025 sales goal, and Ford has shifted some EV production back to internal combustion vehicles, the note reported. Meanwhile, EV startups are struggling. California-based Fisker declared bankruptcy, while luxury EV makers Rivian and Lucid, whose vehicles draw rave reviews from the automotive media, have seen shares drop precipitously this year as the companies fall short of sales goals."

The Register Tesla sued over alleged Autopilot fail in yet another fatal accident Tesla is facing a lawsuit alleging its claims about Autopilot and Full Self Driving's (FSD) capabilities contributed to a fatal crash,... . 2 days ago MSN Is Tesla’s Autopilot Really Safe? Family Sues After Tragic Fatal Crash in California wonder if Donny can save Elon???????....when you have deep pockets you tend to have to pay out dearly........ Tesla faces a lawsuit over its Autopilot system's safety after a fatal accident, raising concerns about its driver assistance technology. . 7 hours ago TipRanks Tesla (NASDAQ:TSLA) Faces Lawsuit over Fatal Autopilot Crash Tesla ($TSLA) is facing a lawsuit from the family of Genesis Giovanni Mendoza-Martinez, a driver who tragically lost his life in a 2023... . 3 days ago Auto Spies Tesla Being Sued In Fatal Crash For Misrepresenting Autopilot Capabilities Tesla is being sued by the family of a driver who died in a 2023 collision, claiming that the company's “fraudulent misrepresentation” of... . 3 days ago Reuters Tesla sued by family of motorcyclist killed in Autopilot crash SAN FRANCISCO, Aug 1 (Reuters) - The parents of a motorcyclist who was killed in a 2022 crash involving a Tesla Model 3 on Autopilot in Utah... . Aug 1, 2024

maybe shutting down the nasty Tar sands operations in Alberta will help clean up the air?????as tar sand operations are no better than burning coal and much worse than conventional oil production. Specifically Emissions Tar sands operations emit roughly 70 megatonnes (Mt) of GHGs per year, which is about 8.5% of Canada's total emissions. This is up to three times more global warming pollution than producing the same amount of conventional crude. Presonally I find most Canadians will turn a blind eye to what they are doing in Alberta as money is more important to them than the environment. Canada's tar sands, also known as oil sands, are a major source of air pollution and greenhouse gas (GHG) emissions: Emissions Tar sands operations emit roughly 70 megatonnes (Mt) of GHGs per year, which is about 8.5% of Canada's total emissions. This is up to three times more global warming pollution than producing the same amount of conventional crude. Air pollutants Tar sands operations emit high levels of air pollutants, including organic carbon, which can contribute to hazardous air pollution. Extraction methods In-situ extraction, which involves burning natural gas to melt bitumen from the sands, generates more than two and a half times more GHGs than open-pit mining. Other impacts Tar sands extraction also: Depletes and pollutes freshwater resources Creates toxic waste ponds Produces petroleum coke, a hazardous by-product, during refining In 2022, oil sands emissions held steady at 81 million metric tons of carbon dioxide, even as total production increased. This was attributed to industry-wide improvements in greenhouse gas intensity. However, Canada's climate policies are rated as “highly insufficient” by the Climate Action Tracker. The Trudeau government has pledged to cut emissions by at least 40-45% below 2005 levels by 2030, but is not on track to meet that goal.

Gee, such a "standard of quality" could impose a restriction on free speech is applied to social media "products".

I reflect on what the limits of "Free Market Capitalism" (whatever that is) should be. Can anyone propose any limits (a.k.a. Regulations)?

up again on what news????? That's right they made 0.5 trillion in less than a day. ???? 500 billion in one day??? so the company went from .81 trillion to 1.31 Trillion in one day??? that would be .5 trillion dude you need to stop using drugs as you clearly are not capable of doing simple math Is anyone going to pay 1.31 Trillion to buy out Tesla....that answer is no and from that you have a grossly inflated stock would any pay 500 Billion for Tesla in a takeover ....off course not...... any Institutional investors jumping in right now and buying??????? nope.....when the stock corrects theinstitutional investors will flee faster than shit and the correction in Tesla will be ugly (to the suckers who are buying it today)...... Remember why the Stock market crashed in 1929????? read up on a little history it crashed because of overspeculation in overvalued stocks that were not worth anywhere near the market valuations prior to the crash........Tesla fits the bill............ any Institutional investors jumping in right now??????? good luck finding them Recent examples of big crashes ............2008 Housing bubble...that sure screwed alot of speculators that jumped in 2006 and 2007 buying housing Right now Teslas price is fueled by overspeculation in its stock which is all fueled by the thought that some how in the near future that level 5 AV's will be allowed to run on any road in the US (you will need major tort reform to happen on both a federal and state level..............good luck on that happening in the next 5 years as all that is allowed on the roads today is level 3 Levels of Vehicle Autonomy SAE defines six levels of autonomy, starting from: Level 0 — No automation (the driver controls everything). Level 1 — Basic driver assistance (e.g., cruise control). Level 2 — Partial automation (cars can assist with braking and steering, but the driver remains engaged). Level 3 — Conditional automation (the car handles driving in certain conditions, but the driver must take control when prompted). Level 4 — High automation (the car can handle most situations, but human intervention may be needed in complex scenarios). Level 5 — Full automation: no steering wheel or pedals. The car is 100% autonomous.

Yes, I saw that too, lol. Such good writing or even checking what you wrote before hitting the "send" key. Production from several other sites has Guyana production 700k now, and 1.5 in 4 years. Very light 'sweet' which is attractive to many refiners. The amount of oil Suriname and Guyana will help both countries economies if they invest. Both have maybe 25 years of oil in reserves.

This article has two writers: Read from top to bottom. Hilarious!! Oil Giants Bet Big on a Deepwater Boom | OilPrice.com

You don't need "plenty of money" to start your own mini-farm. I plant tomatoes,beets, and radishes every spring. Raspberries and several other edible greens all come in on their own each year. I also forage for mushrooms; common fairly ring mushrooms, meadow mushrooms and puffball mushrooms are easy to find once you know how to look. I do not like hunting big game, but I really enjoy fishing. Rainbow trout are fun to catch and delicious. I've caught a salmon once that would sell for over $200, but we ate it.

Why do I care? Trump will hold a very powerful position. He has stated he wants to slap tarrifs on my country, I have plenty of reasons to care. He also wants to take away civil liberties, set up a dictatorship, remove term limits, use military to police states, tax breaks to the rich that will bankrupt the nation (but make the rich richer) - so many reasons you fail to understand. Him living "20 more years" is not going to happen - dude lives off Mcdonalds and diet coke. Thankfully unless he violates the constitution, which he will, he can only be POTUS for one more term. The traitors here will still support him as he continues to violate the law as he has been doing for decades. Remember, the guy was twice impeached and a convicted felon.

There is also a saying that if you trade with your enemy you are funding the bombs they will use against you..

Just like transferring barrels out of the "underground inventory" to another? Except that the "underground inventory" is a bit more expensive to "transfer".

Oil production is at an all-time high. https://oilprice.com/Energy/Crude-Oil/US-Oil-Rig-Count-Rises-Despite-Falling-Crude-Prices.html "The U.S. oil rig count increased by 5 this week, reaching 482. Crude oil prices fell despite OPEC+ extending production cuts. U.S. crude oil production hit a record high of 13.513 million bpd"

...some about that SPR, though.

I thought so too. I wonder if average folks investing read the Disclaimer? They did cover their arses!!

In Alberta we can easily produce nat gas faster than we consume it. The idea of a natural gas shortage is laughable. I don't hate Irina Slav or anything. I'm mostly just teasing the guy who refuses to accept reality.

Gas Prices Set for a Breakout in 2025 | OilPrice.com Here is another "story" by a writer that is telling us to all be scared of Natural Gas shortages. For 4 months about the industry was about to pay you to take it away as it was worthless. It was in negative territory for a short time then leveled out to 2.00$ u.s. exchange. So now all of a sudden everything has flip flopped and gas is "Natural gas prices are set to surge this winter due to a combination of high demand, tight supply, and limited production increases". I take alot of these stories with a grain of salt. The writers need to make money too. I'm not sure what her schooling or major was in, but some stories are okay. She mimics the IEA "reports" weekly, and rarely their predictions come to fruition. So read her story and see for yourself. Personally I believe there should be enough NG to easily supply 6 months in advance.

So if OPEC+ wants to cut back or hold the 2 mmbd cuts they did earlier this year, let them play games with the market (or try). Problem is too many other non-OPEC countries are taking up the slack and then some. Then there is the OPEC+ countries that are "cheating" and producing more than their quota. As oil heads south, more are likely to cheat even more to keep budgets in line. All in all is good for the consumer, but not the investor. So investor writers will fib some to scare the market and try to get product up, whether oil, corn, rice, name your commodity.

You think that an increase in production is a production "cut"? That is a type of logic about which I would prefer not to comment.

I don't care about price of oil. You might, but production is still on the rise worldwide.

You posted so you obviously believe the author. Ya just aint too f**k'n smart believing all the trash writers. You tell Eco to use his own words, I suggest you take your own advise.

Totally wrong dude, you're pissin' in the wind now. Oil is still going up. You're just slow to catch on.

How in the hell did the author note oil has been in decline?? Certainly your not that ignorant to believe that statement. Oil has risen "consumption" since the early 60's. We now surpassed 103 mmb/d and still in upward trajectory. Maybe Trump is on to something, make Canada the 51'st state, lol. Poor Trudeau just didn't know what to say..... lmfao

I am not a climate denier, the people who rely on incomplete climate models are the climate deniers. It is necessary to get the science right before spouting off.

Production "cuts" are not reductions if the output goes up... I guess that is too much for you to handle. "Spot premiums for Russia's Far East ESPO Blend crude oil shipments to China rose to their highest since the Ukraine war broke out in 2022 on robust winter demand and as prices for rival grades from Iran firmed, three trade sources said on Tuesday. ESPO Blend cargoes loading in January traded at premiums of about $1.30 to $1.50 per barrel against ICE Brent on delivered ex-ship (DES) China basis, the sources told Reuters, rising from premiums of $1 per barrel for cargoes loading in November and December."

The Green New Deal isn’t even a real thing. The BS propaganda thread that would not die. Here we are in Dec 2024 - How’s the US oil production doing? …Breaking world records. How many federal leases did Biden approve? …more than right wing radical white collar criminal insurrectionist Donald. How will reality TV actor Donald’s idiotic campaign slogan of cutting oil prices by 40% impact the US oil industry?…it would devastate profits, new exploration and will lead to massive industry layoffs. How’s full time golfer Donald’s campaign slogan of Drill Baby Drill gonna go? …it’s not. It’s already happening under a Democratic President.

Not worth a response. Leave it with you.

Meredith - again, you will find that I'm well aware of all of this. Mostly it's meaningless. I've seen so many H2 projects come and go over the years I've stopped paying much attention. The Nullarbor scheme is just as crazy as the one in WA which is on a similar scale. Is exporting H2 from Australia practical? No. Is there a commercial case for such a facility? No. The problem with schemes to export renewable energy is that such energy can be generated anywhere. Sure some places have more advantages than others but for Europe, for example, they could site that stuff in the North African deserts and simply use transmission lines. No need for H2. Transmitting intermittent energy over such distances is wacked, I admit, but its significantly less crazy than transporting H2 from the other side of the world, and considerably more efficient. Converting to H2 then converting back to electricity loses 75 per cent of the initial energy. These projects are straight lunacy and never mind what you think you've found out from media articles. As for the 40 per cent figure. Sure. In fact, the percentage can range from 100 per cent to 0 - the average (for the year) is 40 pc. The problem is when its 0. What do you do then? As they've found out from now considerable operational experience, spreading out the wind towers and solar panels doesn't do anything much except make the peaks higher. The no-production periods, incidentally, can vary enormously from an hour or two to days at a time. Backup is essential and that's the end of the story. The problem is that the backup generators are not being renewed. The rate of investment in renewables has slowed, but it hasn't stopped, but who cares. The conventional generators matter. Now Meredith I'm tired of this. If you refuse to believe any of this or want to trot out more articles from green enthusiasts proving nothing, go right ahead. I have better things to do than reply to them. Leave it with you.

Yes, fossil fuel production is expected to continue rising in the foreseeable future. Despite growing awareness of the environmental impact of fossil fuels, global demand remains high, particularly in developing countries. Additionally, advancements in technology have made it easier and more cost-effective to extract fossil fuels, further driving production. However, there are efforts to shift towards renewable energy sources, which could potentially slow down the growth of fossil fuel production in the long term.

Rob - instead of growling at me and quoting totally meaningless statistics - H2 is used extensively in industrial projects, I'm talking about its use in transport and power for which is it clearly completely unsuited - why don't you invest in the sector? You'll lose your money then have to take a second job and won't have time to for these posts. Better yet, join a university and teach students about the benefits of H2. You won't have to worry about reality. I've picked apart your 'statistics' before and made no impression. When H2 starts playing an actual, appreciable role in energy and transport then you can talk about people keeping an open mind. At present it has no role, nor is it likely to despite your statistics.

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Türkiye halts oil flows to Mediterranean port after quakes Türkiye halted crude oil flows to the Ceyhan export terminal on the Mediterranean coast as a precaution after devastating earthquakes. No leaks were detected on the pipelines feeding the port. State pipeline operator Botas made the decision Monday morning after an earthquake in eastern Türkiye, followed hours later by several more. The quakes have killed about 1,500 people in Türkiye and Syria and damaged many buildings and infrastructure. Crude prices rose Monday, partly due to the Ceyhan's suspension. It is a vital hub for oil sales from northern Iraq and Azerbaijan. Ceyhan's crude is mostly sent to European refineries. The port exported more than 1 million barrels a day in January, accounting for 1% of global supplies

Oil prices are soaring in response to hot demand...a recurring story and one which is likely to preoccupy the headlines going forward. https://oilprice.com/Energy/Crude-Oil/Oil-Rallies-Despite-Large-Jump-in-Fuel-Inventories.html "Oil prices, meanwhile, ticked higher today, in the first trading session of the new year, following a declaration by China’s president that the government will do more to stimulate economic growth. The pledge was unsurprisingly taken as bullish for oil demand." "Earlier in the week, the EIA issued another bullish message for oil traders, reporting that demand for crude oil in the United States had reached the highest level since the pandemic in October, hitting 21.01 million barrels daily."

Coal is hot and getting hotter, with production and demand ramping up to all-time highs. EVs and coal in China are like bread and butter, you cannot have one without the other. https://oilprice.com/Latest-Energy-News/World-News/Worlds-Coal-Demand-at-Record-High-in-2024-IEA-Says.html This year, coal demand is on track to increase by 1% from 2023 to 8.77 billion tons, a record high, the IEA said today. "While coal demand continues to decline in the EU and the U.S. – although at slower paces than in 2023, China and India are set to see in 2024 another year of record-high coal consumption. China is on track for a 1% rise to 4.9 billion tons, and India’s coal demand is poised to increase by more than 5% to 1.3 billion tons—a level that only China has reached previously." "Although the share of coal in China’s electricity generation has been declining in recent years with the renewables boom, Chinese coal power generation and demand remains strong. Coal still accounts for about 60% of China’s power generation, despite a surge in hydropower earlier this year after abundant rainfall."

They do not need cash on hand. Their stocks can be used as assets for credit instruments???? dude you need to stop using drugs Tesla cannot use the stocks that are out in the public to borrow against. Period......stick to growing beets Investor confidence is king, not action on some dealer parking lot.????? at the end of the day if your beloved Tesla products have no buyers ....then Tesla has nothing and at the pace Elon is going....their base of potential buyers is disappearing fast. Or do you think Trump supporters are no going to be Tesla buyers???????? ha ha ha

The Chinese are cutting solar equipment production. https://oilprice.com/Alternative-Energy/Solar-Energy/Chinas-Solar-Producers-Follow-OPEC-Playbook-to-Curb-Overcapacity.html "China's embattled solar equipment manufacturers are curbing supply in an OPEC-like manner. China’s relentless growth of solar equipment output began to bite last year when demand couldn’t absorb all the supply. The existential threat to the solar equipment sector was the main reason why more than 30 of China’s biggest companies in the industry signed a pact to have production quotas in 2025 based on current market shares."

I do not pick stocks, I leave that to you. I am more interested in the future of the planet.

The American people have seen what the Demoncrats are like long enough. The Trump tidal wave will continue to build for four years, and others Republicans will continue to build the wave. Vance may be next. He is an excellent campaigner.