Showing posts with label $45 Barrels of Oil. Show all posts
Showing posts with label $45 Barrels of Oil. Show all posts


Renewable Energy fills Tank vacated by Oil Industry

Motely Fools are Foolish-here is why

I realize this is a oil industry story and the writers promote and own stock in the oil industry but I feel actions mentioned by Motely Fool and their latest article: Crude Price Crash Could Drill a 19 Million-Barrel Hole in Future Supplies.   Is another example of where renewable energy will fill the gap that dirty oil is unable to fill.

Another Example where Renewable Energy fills Tank 

The article states that future oil supplies are in jeopardy because of the lack of drilling ventures being pursued around the world at the present.  Motley Fool implies that due to feasibility issues are the driving force behind the lack of drilling ventures being pursued-regardless of location whether its deep water drilling, tar sand mining, or drilling on land.  Will leave the future world in short supply.

They state that all the big names in the dirty oil business have cancelled or postponed future wells.  Who would have envisioned (Exon, Total, TPH, Statoil) from not continuing the business as usual of harvesting the polluting the World with the dirty oil they take out of the earth.

Using Friday 11.27.2015 NYMEX oil price for January delivery of $41.71 per barrel.  I calculate that 19 million barrels at $41.71 equals close to 800 trillion dollars that dirty oil will not have  [(19,000,000,000 barrels) x ($41.71 NYMEX per barrel)= $792,490,000,000].
Climate Change Demonstrators dressed as Angels with Coal Kills Signs
#COP21 Demonstrators 

The Motely Fools are Foolish

They failed to consider and I don't think they had the forethought to consider how Renewable and Sustainable Energy is primed and will be ready to meet this demand left by the supposed lack of oil reserves.

This is great news for both the Climate of the World and the Future of the Renewable Energy business such as biodiesel, solar, wind, hydrogen, and electricity storage companies.

I'm sure that Tesla Motors is licking their chops at the chance to meet the upcoming demand.

          The Oil Industry and their future in the energy 
business is in serious jeopardy. 
At long last mankind will loosened from the poisonous grip the dirty oil industry has had on the world since the dawn of the industrial age.   
The biggest question is will it be done in time to avoid the devastating effects of climate change.

Intelligent Energy’s CEO, Henri Winand, has today welcomed a landmark declaration, announced at the COP21 Climate Change Conference in Paris, which sees a range of global actors from large companies to international organisations committing to increasing the adoption of electric and hydrogen vehicle technology in order to drastically reduce emissions and slow the rate of global warming.

The Paris Declaration on Electro-Mobility and Climate Change & Call to Action brings together individual and collective commitments to increase electro-mobility to levels compatible with a less-than 2-degree pathway. It builds on current successful experiences worldwide and the converging interest of all transport modes for hybrid/electric solutions.

Partners to the Declaration (see table below) commit to broaden their efforts and call for a decisive joint effort towards sustainable transport electrification – including that at least 20% of all road vehicles (cars, 2 and 3-wheelers, trucks, buses and others) are to be electrically powered by 2030.
#COP21 #OursToLose

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Producing Oil at $45 a Barrel from Mixed Waste Plastics

 This some of the best news I've heard about recycling plastics.  Posting was
cross posted from-

Oregon company Agilyx has raised $22 million in new operating cash from high profile investors including Kleiner, Perkins, Caufield & Byers, venture capital firm Chrystalix, and corporate investors Waste Management and Total Energy Ventures International. Agilyx has developed a system of rapid pyrolytic treatment of mixed and contaminated plastics into pure petroleum oil -- which it says it can produce at about $45 a barrel.
The company has developed a multi-step process which it says can convert about ten pounds of mixed plastics into one gallon of crude oil.

To make oil, it heats plastics to the point where they turn into a gas. There is then a condensing stage, which converts the gas back into a liquid and removes impurities.

Agilyx is now operating a demonstration plant, which is selling oil to a refiner, and intends to sell its equipment to plastic handlers and recyclers which deal with large volumes. The synthetic crude oil can be refined on site or shipped to standard refiners and the net carbon footprint from its technology is favorable, according to the company.

...The technology can produce oil at about $45 a barrel, Brian Wawro from Chrysalix told the Portland Business Journal. _CNET

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