crimson5pheonix said:
You understand why oil is falling, right? It's because OPEC is still pumping oil like it was when America was heavy in Iraq and all. They're doing this to try and push America and Russia out of the shale game since that needs expensive oil to be profitable. They're running themselves ragged [http://www.bloomberg.com/news/articles/2015-12-22/as-opec-tries-to-squeeze-rivals-one-of-its-own-feels-the-pinch] trying to keep it up. Oh, and your prediction on oil price is not their prediction. [http://www.bbc.com/news/world-middle-east-35166467] These low oil prices are entirely artificial as OPEC runs through their supply faster than they need to.
Apart from the small but important fact that according to the pak oil theory we should have already run out of oil and be suffering and economic depression due to oil shock. The peak oil theory was the previous way the renewables lobby were justifying the massive subsidies to their industry. Now thats has proved to be nonsense, the current one is critical mass. In ten years time it will be another one.
Furthermore you fail to understand that the $100 a barrel oil price was
artificial. OPEC operated as cartel to keep prices high, a practice that is illegal for any business to engage in. In addition China is in engaging in dumping solar panels on the world at less than cost price. http://www.bloomberg.com/news/articles/2015-07-09/u-s-imposes-dumping-duties-on-imports-of-chinese-solar-goods .
Paragon Fury said:
Fossil fuels were never profitable before.
Literally the only reason they are now is because the governments of the world literally shoveled money at companies to invest in research, exploration and extraction of fossil fuels early on. The grants and tax benefits of today are leftovers from that program - which is why people argue that governments should stop helping these companies now and switch to green energy, since oil and fossil fuel extraction is literally the most profitable business on the planet and doesn't need the help anymore.
Utter nonsense. I strongly suggest that you start living in the real world. Opec has operated as a cartel to artificially inflate the oil price for the last 40 years. The cartel has broken due the joint aggressive actions of Iran and Russia in the middle east. Meaning the oil price is were is would be if there was a free market.
Smooth Operator said:
Man these discussions always amuse me, then they depress me as I realize howmuch stupid will continue to float around and muddy the waters so no progress is made.
So let's just simplfy things for those who have difficulty comprehending: "It can't be done" are the first words spoken about every new technology that ever came to this planet, people also kept saying them as they rode horses past those mad oil powered carriages.
Until you realise that the renewable is a business lobby just like any other and is purely out to maximise their profits and not some morally pure saints there will be no progress. Why invest in massive risky R&D programmes when you get rich off taxpayers money at no risk with existing technology.