China To Boost Oil & Gas Exploration, As EU Prepares To Commit Suicide

[Tom Kirkman + 8,860]

heh heh, it's always a pleasant surprise when stumbling across someone else who has similar contrarian views on oil & gas, renewables, climate panic, China Flu, and the EU.

 

China To Boost Oil & Gas Exploration, As EU Prepares To Commit Suicide

 

From Reuters:

 

BEIJING, May 22 (Reuters) – China said on Friday it will bolster the capacity of the country’s energy reserves and offer lower gas and electricity charges to key industries, as it looks to ensure energy supply and offset the impact of the coronavirus pandemic.

In energy announcements on the first day of the parliament, known as the National People’s Congress (NPC), authorities also pledged to boost the country’s oil and gas network and continue to support exploration for unconventional gas reserves.

The National Development and Reform Commission (NDRC) said in a statement it would push forward construction of crude oil reserves.

The coronavirus pandemic has led to a slump in demand for crude oil, with insufficient storage capacity worldwide.

The NDRC said it would also press ahead with competitive trading of mining rights for oil- and gas-bearing zones, aiming to attract more market players into oil and gas exploration and production.

The country will also accelerate construction of oil and gas network and encourage the opening up of pipeline facilities to all eligible users, said the state planner.

China set up its long-awaited national oil and gas pipeline company in December aiming at providing fair market access to infrastructure and boost investment in oil and gas production.

https://uk.reuters.com/article/china-parliament-shalegas/update-1-china-to-bolster-energy-reserve-capacity-support-unconventional-gas-exploration-idUKL4N2D41LN

 

Meanwhile, back in the rotting corpse known as the EU, car manufacturers are in desperate crisis, faced by the long term threat of climate policies and the immediate threat of coronavirus:

https://www.express.co.uk/news/world/1285804/EU-news-france-renault-nissan-Bruno-Le-Maire-car-industry

 

And the corpse’s response?

https://www.dw.com/en/eu-commission-planning-green-auto-industry-rescue-report/a-53505451

 

So car manufacturers, already facing oblivion because of lockdown, can only expect aid to see them through difficulties not of their own making if they agree to bankrupt themselves in the search for “cleaner cars”. I suspect many, like Nissan, will say “on your bike”!

 

[Blackbag99 + 20]

The reality is that in Europe, demand for petroleum product is falling fast.

Nat gas usage is plummeting and the rise of electric has only just started.

50% of European grid capacity is under utilised. There is no reason to to buy exploration or add infrastructure. I think you are ignoring that it is the US/Canada that are adding useless assets, which are likely to become defunct. Nordstream 2 is a very small project and yet it attracts massive attention.

[Prometheus1354 + 178]

On 5/25/2020 at 2:43 AM, Blackbag99 said:

The reality is that in Europe, demand for petroleum product is falling fast.

Nat gas usage is plummeting and the rise of electric has only just started.

50% of European grid capacity is under utilised. There is no reason to to buy exploration or add infrastructure. I think you are ignoring that it is the US/Canada that are adding useless assets, which are likely to become defunct. Nordstream 2 is a very small project and yet it attracts massive attention.

Hey BB;  How you gonna 'produce' that Electricity?  Butterfly farts powerin those wind farms?? Nat Gas powered generating stations is a great way.  Cheap abundant supply of the stuff will help keep rates low.

As for the US investing in 'useless' infrastructure.  Even with the 'coolness' of Tesla; the EV market share is Less than 2% of the total number of vehicles on the highways & byways...  And that's here in Commiefornia; Which is their #1 market in the US.   But I'm sure you already knew that.

Typical Socialist 'mindset'; the 'Elites' always think  they 'know better' than we knuckledraggin peasants...  No wonder the Brits went out of their way too Get OUT of the EU!!  Soon Germany will follow. The German people will (if they haven't already) grow tired of bearing the costs of all the 'Free' stuff the Politicos promise the sheep, so as too keep their worthless @sses in power. 

But you keep on with keeping on, out there on the Autobahn in your Pixie dust powered Duckfart of an excuse for a 'car'...  (ahem)

[Blackbag99 + 20]

Generation of electricity from gas fell 37% in the UK. That's prior to the virus outbreak.

If butterfly farts are wind energy. Then wind being up 40%; then you are correct!

 

[Blackbag99 + 20]

You can find European gas storage here.

https://agsi.gie.eu/#/

 

[Jay McKinsey + 1,489]

On 5/28/2020 at 11:12 AM, Prometheus1354 said:

Hey BB;  How you gonna 'produce' that Electricity?  Butterfly farts powerin those wind farms?? Nat Gas powered generating stations is a great way.  Cheap abundant supply of the stuff will help keep rates low.

As for the US investing in 'useless' infrastructure.  Even with the 'coolness' of Tesla; the EV market share is Less than 2% of the total number of vehicles on the highways & byways...  And that's here in Commiefornia; Which is their #1 market in the US.   But I'm sure you already knew that.

Typical Socialist 'mindset'; the 'Elites' always think  they 'know better' than we knuckledraggin peasants...  No wonder the Brits went out of their way too Get OUT of the EU!!  Soon Germany will follow. The German people will (if they haven't already) grow tired of bearing the costs of all the 'Free' stuff the Politicos promise the sheep, so as too keep their worthless @sses in power. 

But you keep on with keeping on, out there on the Autobahn in your Pixie dust powered Duckfart of an excuse for a 'car'...  (ahem)

The film photography market peaked in 1999 when digital was about 1% of the market. By 2008 film was dead, killed by digital. The same is about to happen to ICE automobiles.

Edited May 31, 2020 by Jay McKinsey

[footeab@yahoo.com + 2,131]

2 hours ago, Jay McKinsey said:

The film photography market peaked in 1999 when digital was about 1% of the market. By 2008 film was dead, killed by digital. The same is about to happen to ICE automobiles.

Nearly 8 Billion people and a luxury car is going to save the world...

And no, batteries are not electron bits or semi conductors.  There is this thing called Chemistry, and if you were even partially correct, lead acid batteries, or iron zinc batteries would be 10,000X cheaper than they are currently. 

[Jay McKinsey + 1,489]

8 hours ago, footeab@yahoo.com said:

Nearly 8 Billion people and a luxury car is going to save the world...

And no, batteries are not electron bits or semi conductors.  There is this thing called Chemistry, and if you were even partially correct, lead acid batteries, or iron zinc batteries would be 10,000X cheaper than they are currently. 

Lead acid battery tech hit a wall and was unable to keep its decreasing cost curve going. It took a long time for the next suitable technology (Lithium) to be discovered.

Lithium tech will also hit a wall someday but when? The cost curve is decreasing by 50% every three years. If it keeps going for just 3 more years EV's will all be less expensive than ICE.

[Jay McKinsey + 1,489]

Right now the Model 3 is just $2000 more than the base Toyota Camry. Tesla will undercut that price in a year. 

[footeab@yahoo.com + 2,131]

3 hours ago, Jay McKinsey said:

Right now the Model 3 is just $2000 more than the base Toyota Camry. Tesla will undercut that price in a year. 

Do you ever speak the truth?   TESLA +39k vrs CAMRY +25K

and if you buy a 2019: still on lot, ~18K

[Jay McKinsey + 1,489]

12 minutes ago, footeab@yahoo.com said:

Do you ever speak the truth?   TESLA +39k vrs CAMRY +25K

and if you buy a 2019: still on lot, ~18K

Yeah looks like I got the wrong information. Thanks for pointing that out.

$7000 depreciation in one year, 28%, and hasn't even left the lot? WOW! 

[Jay McKinsey + 1,489]

 

 

https://cleantechnica.com/2020/02/18/tesla-model-3-has-least-amount-of-depreciation/

[Jay McKinsey + 1,489]

That is game over for ICE. The used car market of tomorrow is the new car market of today. New car buyers taking this depreciation into account will find Tesla incredibly affordable.  

[Dan Clemmensen + 1,011]

1 hour ago, Jay McKinsey said:

That is game over for ICE. The used car market of tomorrow is the new car market of today. New car buyers taking this depreciation into account will find Tesla incredibly affordable.  

Like the entire rest of the economy, COVID-19 will seriously distort the used car market for some unknown time, so we are the infamous "uncharted territory" we keep hearing about incessantly. A huge wave of used rental cars is predicted as the rental car companies, starting with Hertz, try to liquidate some assets to generate some cash. Until this surplus is worked off we won't really know what will happen there. In the mean time the one factory that makes genuine made-in-America cars is back in production and again delivering cars to customers. I'm not sure about the Detroit assembly lines for parts made elsewhere.

[Prometheus1354 + 178]

On 5/31/2020 at 12:54 AM, Jay McKinsey said:

The film photography market peaked in 1999 when digital was about 1% of the market. By 2008 film was dead, killed by digital. The same is about to happen to ICE automobiles.

Hey Jay;  Thx for bringing up the tired old "The Steam Engine went the way of the Dodo; when the Interstate HWY system came along".  We still have trains BTW; but I'll let that go for now...

Yes, 'film' did eventually get replaced. Things do change from time to time... shocker...That was driven more by expedience and it became easier & less expensive to have digital devices vs. the ole Kodak Instamatic...  Which BTW replaced the old Polaroid, though with the Instamatic, you had to take the film to be developed. Which incurred a weeks wait for the pics...

I never said that EV's Won't acquire market share.  I said they haven't established a requisite footprint too be considered a threat.  Also besides sheer numbers (or lack there of) the infrastructure too support those vehicles is wanting.  Again, it may get there, just not yet.  

 

Edited June 6, 2020 by Prometheus1354

[Jay McKinsey + 1,489]

9 minutes ago, Prometheus1354 said:

Hey Jay;  Thx for bringing up the tired old "The Steam Engine went the way of the Dodo; when the Interstate HWY system came along".  We still have trains BTW; but I'll let that go for now...

Yes, 'film' did eventually get replaced. Things do change from time to time... shocker...That was driven more by expedience and it became easier & less expensive to have digital devices vs. the ole Kodak Instamatic...  Which BTW replaced the old Polaroid, though with the Instamatic, you had to take the film to be developed. Which incurred a weeks wait for the pics...

I never said that EV's Won't acquire market share.  I said they haven't established a requisite footprint too be considered a threat.  Also besides sheer numbers (or lack there of) the infrastructure too support those vehicles is wanting.  Again, it may get there, just not yet.  

 

If it were 1998 and I told you that in 2008 film camera sales would be so low that the Japanese Camera Manufacturing Association would stop tracking them what would you have said?

 

[Jay McKinsey + 1,489]

A hot camera from 1998 -2001. Love those floppy disks.

[Douglas Buckland + 6,308]

Okay, let’s try a ‘pilot project’ and put this debate to bed.

Get one of the ‘green’ European countries to forsake fossil fuels and rely TOTALLY on renewable energy, for say 5 years, then look at the results. This will prove, one way or the other, that 100% renewable energy is feasible and workable. 

Since many of these countries desire to ‘go green’, there should be no political hoops to jump through or backlash.

It is time to ‘put your money where your mouth is’. If you really believe in renewables, you should champion a pilot project such as this!
 

 

[Blackbag99 + 20]

9 minutes ago, Douglas Buckland said:

Okay, let’s try a ‘pilot project’ and put this debate to bed.

Get one of the ‘green’ European countries to forsake fossil fuels and rely TOTALLY on renewable energy, for say 5 years, then look at the results. This will prove, one way or the other, that 100% renewable energy is feasible and workable. 

Since many of these countries desire to ‘go green’, there should be no political hoops to jump through or backlash.

It is time to ‘put your money where your mouth is’. If you really believe in renewables, you should champion a pilot project such as this!
 

 

Sweden don't use any Carbon fuels now; and a 2 years into your study.

Admittedly they are reliant on Nuclear, but your test is already way behind the times

[Douglas Buckland + 6,308]

They don’t use ANY carbon fuels now? Bullshit!

https://www.google.com.my/amp/s/sweden.se/nature/energy-use-in-sweden/amp/

But you missed my point. With all the promises of renewables, the desire to ‘go green’....just do it! Not by 2050, NOW!

Get off the fossil fuel teat, save the planet NOW! You keep touring the miracle of EV’s and that renewables do not require a fossil fuel backup....so quit talking and DO IT!

[Douglas Buckland + 6,308]

1 hour ago, Jay McKinsey said:

A hot camera from 1998 -2001. Love those floppy disks.

Your point? Or do you simply like old cameras...

[Jay McKinsey + 1,489]

12 hours ago, Douglas Buckland said:

Your point? Or do you simply like old cameras...

In 1998 film camera sales were roaring while digital cameras were expensive, clunky, low resolution and only 1% of the market. The debate between film and digital was only just beginning.and it sounded just like the debate between ICE and EV. The film fans didn't think digital would takeover in their lifetimes. yet it happened in just 10 years. Then the digital camera market was destroyed by smart phones between 2008 and 2018. In 2008 no one believed that phones would replace the stand alone camera market.

By 2030 all *new* cars will be EV. Between 2030 and  2050 the installed base of legacy ICE will disappear.

[Dan Clemmensen + 1,011]

21 hours ago, Douglas Buckland said:

Okay, let’s try a ‘pilot project’ and put this debate to bed.

Get one of the ‘green’ European countries to forsake fossil fuels and rely TOTALLY on renewable energy, for say 5 years, then look at the results. This will prove, one way or the other, that 100% renewable energy is feasible and workable. 

Since many of these countries desire to ‘go green’, there should be no political hoops to jump through or backlash.

It is time to ‘put your money where your mouth is’. If you really believe in renewables, you should champion a pilot project such as this!
 

 

The two major problems with 100% renewables are long-term storage and the transition strategy. Without a workable transition strategy, it is not possible to get from the messy present to the utopian bright new future.

Using wind and solar electricity to generate CH4 solves both problems. Greenies don't mention this approach because they think CCGTs are part of the problem. I see them as part of the solution. E==>CH2 can be done incrementally with no need for central coordination and no need for new infrastructure, just incrementally-added E==>CH4 convertors.  This also avoids stranding the existing NG transport and (especially) distribution infrastructure, which would be a monumental economic and political nightmare.

After storage and transition, the third problem is the need for liquid fuels in certain situations, most notably for aircraft, where batteries don't work well. Liquid fuels can be made on site at airports from CH4 produced from renewable electricity.  In Europe, almost all land and water vechicles can use batteries. The rail infrastructure is so extensive that long-haul trucking is not used much.

In the US, we depend on long-haul trucking, and there may be other long-haul niches that require very fast refill times. If battery technology cannot achieve this, we can shift to H2 fuel cells, with the H2 generated at the filling stations from renewable electricity. We can even continue to use liquid-fuelled engines, with the fuel produced from electricity at the filling stations, but I think those will be out-performed by the EVs and fuel-cell vehicles.

Long-haul shipping will use LNG (well actually LCH4).

 

[Douglas Buckland + 6,308]

I am holding my breath in anticipation of this glorious, climate saving, non-fossil fuel utopia!

I am guessing it will also cure all the social ills as well as the common cold.

Why would there be any liquid fueled engines at all in this utopia which required electrically produced fuel? Kind of defeats the purpose, doesn’t it? If you are going all EV, get rid of those pesky airliners as well - go ‘whole hog’!

Edited June 7, 2020 by Douglas Buckland

[footeab@yahoo.com + 2,131]

12 hours ago, Jay McKinsey said:

In 1998 film camera sales were roaring while digital cameras were expensive, clunky, low resolution and only 1% of the market. The debate between film and digital was only just beginning.and it sounded just like the debate between ICE and EV. The film fans didn't think digital would takeover in their lifetimes. yet it happened in just 10 years. Then the digital camera market was destroyed by smart phones between 2008 and 2018. In 2008 no one believed that phones would replace the stand alone camera market.

By 2030 all *new* cars will be EV. Between 2030 and  2050 the installed base of legacy ICE will disappear.

Problem: Chemistry.  We are nearing theoretical limits of Lithium.  Headroom to grow does not exist as was NOT the case in the digital camera.  Shocker, Chemistry, does not act like transistors.... who knew🙄

Now several keep touting miracle 2X power density using quantum layering, nanoprinting etc.... Problem, name me one product, made en masse, that uses such technology other than a very small computer chip?  And no, no one will pay hundreds of dollars for a small tiny portion of their energy needs no matter how dense it is.  And all of this to fulfill what reason?  Some pie in the sky, CO2 boogeyman.