John Rockefeller and Standard Oil created a new oil based economy. There are a lot of similarities with what Elon And Tesla are doing. Rockefeller was laser focused on reducing costs and waste. Rockefeller used a lot of vertical and horizontal integration to reduce costs. Deep Technology like nuclear fusion, molecular nanotechnology and reusable rockets …
Saudi Arabia, Iraq and several Gulf states (OPEC Plus) said on Sunday they were cutting oil production by more than one million barrels of oil a day. OPEC Plus includes the main OPEC countries and Russia and a few other countries. The reduction in output is being made by members of the Opec+ oil producers. …
Some oil and natural gas well sites are good locations for economically extracting lithium from produced water, according to observers of the nascent sub-sector of the oil and gas industry. This depends on the basin, since produced water mineral presence and concentrations can vary widely play-by-play, and even within the basins themselves, depending on the …
Jordan of the Limiting Factor goes into detail on electric semi trucks and the megacharging that will be needed. I will go over the scale of the shift for electric trucks. The motivation is that it will make trucks about 30% cheaper to operate by saving 80% of the fuel costs. It also means countries …
Having the price of diesel above $3 per gallon guarantees a $30,000 per year incentive to switch from diesel to electric for heavily used Semi and large trucks. Currently, prices at the $4.5 to $5 per gallon level provide a $60,000 per year incentive to switch from diesel to electric. There will be a shift …
Invest Alberta supports commercialization of Terrestrial Energy’s Integral Molten Salt Reactor with a focus on reducing emissions in the oil and gas, and petrochemical industries. Alberta, along with the provinces of Ontario, New Brunswick and Saskatchewan, is working to advance small modular reactor (SMR) technologies through an interprovincial memorandum of understanding it joined in April …
There are various reports about Putin having decades long anger at Russia losing the Cold War to the West. Putin felt humiliated that Russia was treated as second rate by the West after the USSR fell. Big tough Putin and Russia with nuclear weapons demanded respect and is forcing respect by taking maybe half of …
The IMF (International Monetary Fund) said the fall in oil prices from 2014-2018 hurt Russia’s economy three times more than the sanctions. Russia’s economy is 60% oil and gas exports. 2.3 million barrels per day is exported from Russia to Europe. The IMF estimated in August 2019 that sanctions led growth to fall short of …
How hard would it be to replace Russian oil and gas exports to Europe and then to Asia? Brad Templeton wrote on Facebook that 50% of Russians get their income from the government, which gets 43% of its revenue from oil and gas and is 1/3rd of the GDP. Putin rules only because Europe keeps …
Iran and Venezuela have been kept out of the regular oil markets for years with US and European sanctions. Iran and Venezuela, each used to export a couple million barrels of oil per day or more if you look further back in time. Venezuela had a longer twenty-year decline because they wrecked their economy and …
Microscopic particulates that form from the use of fossil fuels for energy, transportation, industry and agriculture are the main cause of deaths from air pollution. The main sources of air pollution are from coal for energy generation and the various uses of oil for industry and transportation. There are also particulates from agriculture, wildfires. Emissions …