Showing posts with the label $100 Barrel Oil

Renewable Energy fills Tank vacated by Oil Industry

Motely Fools are Foolish-here is whyI 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.

The #DirtyOil#MotelyFools lovers are Foolish They failed to consider...ZERE cars #COP21 — Scotty (@StLHandyMan) December 6, 2015
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…

$100+ Oil Barrel Break-even in Low Carbon Economy

The billions being invested in renewable energy, nuclear and 'clean' coal will pay off financially if oil is over $100 a barrel in 2020, says the energy and climate change secretary-UK-Break-even for low-carbon economy is $100 a barrel oil, says Chris Huhne Traders set the crude oil price in the options pit at the New York Mercantile Exchange. Illustration: Mario 

The UK's ambitious low-carbon energy plans will mean energy consumers paying lower bills in 2020 if oil is over $100 per barrel, compared to a fossil-fuelled future. That price is the break-even point, said the energy and climate change secretary, Chris Huhne, today.
I think it is an important number, because it clearly shows why a failure to invest the large sums of money needed into renewable energy, nuclear power and carbon capture and storage would be a false economy.

Here's what he told a conference at the Royal Geographical Society in London today. Bear in mind the price of oil (Brent crude) is $…