US oil reserves surpass those of Saudi Arabia and Russia

[C130]

Feeble arguments, similarly it can be said that fire can destroy oil wells and reserves, political blockade can disrupt supply lines etc.... do you realise...you sounded kinda desperate with the reasons.

no these are facts.

watch the first 14 minutes of this.

yes there can be disruption to the supply of oil by fire or what not, but we have billions of barrels of oil already out of the ground to make up for these losses/disruptions.


while solar,wind, and hydro aren't constant.

just saying you can't put all your eggs into the renewable energy basket.

and another thing going against renewables is storing the energy til you need it. we need a revolution on that front.

 

[war&peace]

There are no emtions here, buddy , I lived in Northern Europe and I know what I am talking about.. All your 3,4,5,6 points are being in R&D some are very difficult to implement even in laboratories..
pleae show us your knowledge everyone here is thirsty of that

Sorry you did not reply question about the definition of the Europe. I lived there too rather I have an office in Stockholm with my partner company. So I have to spoon feed people here right?
I'm just providing the link for Sweden (part of Northern Europe) has almost got rid of fossil fuels for power production with hydroelectric being on top with more than 50% share. Plus they are already making biofuels ethanol and methanol which are used in pubic transport like buses and trucks and by 2030 Sweden aims to get rid of all ICE based vehicles...all transport will be using biofuel, electric, fuel cells or hybrids of these techs.
https://en.wikipedia.org/wiki/Energy_in_Sweden
Denmark is even farther in development especially in wind energy than Sweden...similarly Germany has decided to decommission all coal and nuclear power plants and derive most its energy from renewable energy sources though they will use gas for some time but even that will be phased out in favour of more sustainable resources.

Wind in power: 2015 European statistics

• 12,800 MW of wind power capacity was installed and grid-connected in the EU during 2015, an increase of 6.3% on 2014 installations.
• There is now 142 GW of installed wind energy capacity in the EU: approximately 131 GW onshore and 11 GW offshore.
• Wind power installed more than any other form of power generation in 2015 and it accounted for 44.2% of total 2015 power capacity installations.
• Wind energy has overtaken hydro as the third largest source of power generation in the EU with a 15.6% share of total power capacity.
• The total wind power capacity installed at the end of 2015 could produce 315 TWh and cover 11.4% of the EU electricity consumption in a normal wind year.

 

[Stephen Cohen]

Oil prices should remain at 50 dollars ; that is what oil importing countries want

 

[war&peace]

Sorry I don't watch Ezra and Levant show because this guy has his head up in his... you know what I mean...just distorted and cherry picked facts to suit his anti-liberal agenda

while solar,wind, and hydro aren't constant.

Mate, these resources are not used in isolation i.e. individually. They are combined, wind is normally higher in the night then solar is available in the day and sunny places... water is more in the summer...similarly wind blows more in the winter so if you have done smart planning use of smart grids and modern storage technologies like mega-liquid batteries...the whole landscape will be changed. and then you can combine with nuclear which is arguably a renewable source.

 

[The SC]

Sorry you did not reply question about the definition of the Europe. I lived there too rather I have an office in Stockholm with my partner company. So I have to spoon feed people here right?
I'm just providing the link for Sweden (part of Northern Europe) has almost got rid of fossil fuels for power production with hydroelectric being on top with more than 50% share. Plus they are already making biofuels ethanol and methanol which are used in pubic transport like buses and trucks and by 2030 Sweden aims to get rid of all ICE based vehicles...all transport will be using biofuel, electric, fuel cells or hybrids of these techs.
https://en.wikipedia.org/wiki/Energy_in_Sweden
Denmark is even farther in development especially in wind energy than Sweden...similarly Germany has decided to decommission all coal and nuclear power plants and derive most its energy from renewable energy sources though they will use gas for some time but even that will be phased out in favour of more sustainable resources.

Wind energy has proved to be a good source of energy , but it needs huge spaces to phase out Oil, the same withe rest either they use Oil or Gas for the turbines to produce energy, hydroelectric power is quite efficient in countries with a lot of waters like Sweden and the Netherlands, but oil or mainly its derivatives (much more expensive)will still have its place although in lesser quantities but higher prices will see to that, imagine a barrel at 200 or 300 hundred dollars or its produce at very high prices.. most Oil producing countries are also going for natural sustainable and clean energy sources, like nuclear energy and solar energy..while diversifying their economies..

 

[C130]

Sorry I don't watch Ezra and Levant show because this guy has his head up in his... you know what I mean...just distorted and cherry picked facts to suit his anti-liberal agenda

Mate, these resources are not used in isolation i.e. individually. They are combined, wind is normally higher in the night then solar is available in the day and sunny places... water is more in the summer...similarly wind blows more in the winter so if you have done smart planning use of smart grids and modern storage technologies like mega-liquid batteries...the whole landscape will be changed. and then you can combine with nuclear which is arguably a renewable source.

don't get me wrong renewables are the future, but oil,natural, and coal will remain dominate for the next two or three decades.

 

[war&peace]

don't get me wrong renewables are the future, but oil,natural, and coal will remain dominate for the next two or three decades.

Dominant...no way at least not in Europe and many developed countries including China....Today is 2016 and in next 14 years Europe wants to become 100% renewable continent...My ref is vision 2030..please read about it. I have EU guys pretty serious about it and if you have happen to visit Europe and talk common people espcially in Scandinavia, you will find they are pretty concerned about the climate change and also about the vision 2030...I had this experience with a bar girl .... an unlikely person right? but yes I got some insight from her too.
perhaps we here in states have decided to follow a regressive path. We are not willing to sign and ratify the Kyoto protocol...

 

[raptor22]

don't get me wrong renewables are the future, but oil,natural, and coal will remain dominate for the next two or three decades.

Back in 1971 when your administration realized that previous system "Dollars for gold" , introduced back in Bretton Woods in 1944 aftermath of WW2 , didn't work anymore they created "petrodollar system" ... which has benefited the US greatly since then ... I wonder what would happen to this system if oil producer mainly in the ME (those who've agreed and acted upon this system so thus ) don't see oil anymore profitable and besides new technologies and 10 years of oil high prices have made renewable energies cheaper and more reachable which indeed could decrease oil demands around the globe little by little .. and its worldwide political impacts ....


petrodollar system:

In a series of meetings, the United States — represented by then U.S. Secretary of State Henry Kissinger — and the Saudi royal family made a powerful agreement.

According to the agreement, the United States would offer military protection for Saudi Arabia’s oil fields. The U.S. also agreed to provide the Saudis with weapons, and perhaps most importantly, guaranteed protection from Israel.

and in return:

The Americans laid out their terms. They were simple, and two-fold.

1. The Saudis must agree to price all of their oil sales in U.S. dollars only. (In other words, the Saudis were to refuse all other currencies, except the U.S. dollar, as payment for their oil exports.)
2. The Saudis would be open to investing their surplus oil proceeds in U.S. debt securities.

By 1975, all of the oil-producing nations of OPEC had agreed to price their oil in dollars and to hold their surplus oil proceeds in U.S. government debt securities in exchange for the generous offers by the U.S.

The petrodollar system provides at least three immediate benefits to the United States.

• It increases global demand for U.S. dollars
• It increases global demand for U.S. debt securities
• It gives the United States the ability to buy oil with a currency it can print at will