|
|
Post by bsutrack on Jun 9, 2022 7:59:27 GMT -6
|
|
|
|
Post by 00hmh on Jun 9, 2022 8:18:32 GMT -6
DAVOS, May 23 (Reuters) - "The world is facing a major oil supply crunch as most companies are afraid to invest in the sector as they face green energy pressures, the head of Saudi Aramco told Reuters." Saudi oil complaining about cost of production causing a crunch is a joke. They are delighted to just raise prices. Cost is not deterring them from pumping oil out of the ground. The fact the world is having trouble distributing the oil is short run a bigger factor. Supply chain and the structural issues with using Russian supply in Europe seem bigger than any US current regulatory impact. THAT factor, which you correctly raise is a longer term issue, the politicians hoped to defer and avoid short term.
You are certainly right that the policy in the US and the rest of the world has become to consciously choose to use less oil, and that it is based on belief that the cost to the world of the pollution is greater than the utility of cheap oil products.
That is the big debate. I think it's still an open question. Not settled.
If policy makers are right that other energy production not based on crude oil can substitute for use of oil (and coal) then what we are seeing right now is a relatively short term cost of transition. Exacerbated by Covid shocks to the supply chain and Ukraine.
If anybody expected a green revolution to be cost free, they were nuts. The politicians certainly did not level with the public on that, but to be fair, these other factors have dramatically muddled the picture by a short term increase in prices, not anticipated.
|
|
|
|
Post by 00hmh on Jun 9, 2022 8:28:22 GMT -6
Wonder what her constituents will think when the Michigan electrical grid crashes when all those EV's are charged? (Reuters) -The power grid in the Central United States could be forced to impose rotating blackouts on some of the hottest days of the summer due to rising demand and plant retirements, federal energy officials said in an online energy comment on Friday. I certainly am not going to be buying an EV. You might talk me into a hybrid at some point when battery technology gets better. This deal with grid is a great example of regulatory failure. Nobody has wanted to be responsible for rate increases which are the ONLY way to essentially rebuild a grid that is outdated. MUCH better coordination among utility regulators is needed.
Texas, the most oil friendly state, is a textbook case. Regulators there have ignored the problems with their grid and the need for their state to be linked efficiently, and now can only just sit and watch the rolling blackouts. But the real problem is also just needing to plan for greater energy use efficiency, greater efficiency in moving energy on the grid, not just on the supply side in generation. |
|
|
|
Post by sweep on Jun 9, 2022 8:32:34 GMT -6
DAVOS, May 23 (Reuters) - "The world is facing a major oil supply crunch as most companies are afraid to invest in the sector as they face green energy pressures, the head of Saudi Aramco told Reuters." Saudi oil complaining about cost of production causing a crunch is a joke. They are delighted to just raise prices. No their goal is to maximize profit, which is far more complicated than just raising prices. You know who is a really a joke, our Secretary of Transportation, you know the guy with zero experience in the transport sector who thinks highways and bridges are a racist conspiracy. |
|
|
|
Post by sweep on Jun 9, 2022 8:36:44 GMT -6
Wonder what her constituents will think when the Michigan electrical grid crashes when all those EV's are charged? (Reuters) -The power grid in the Central United States could be forced to impose rotating blackouts on some of the hottest days of the summer due to rising demand and plant retirements, federal energy officials said in an online energy comment on Friday. This deal with grid is a great example of regulatory failure. MUCH better coordination among utility regulators is needed.
Oh, yeah more regulation is always the answer isn't it. Government is really efficient at fixing problems. How much dope do you smoke ? |
|
|
|
Post by sweep on Jun 9, 2022 8:39:15 GMT -6
Wonder what her constituents will think when the Michigan electrical grid crashes when all those EV's are charged? (Reuters) -The power grid in the Central United States could be forced to impose rotating blackouts on some of the hottest days of the summer due to rising demand and plant retirements, federal energy officials said in an online energy comment on Friday. Nobody has wanted to be responsible for rate increases which are the ONLY way to essentially rebuild a grid that is outdated.
Would you care to explain that sentence ? Every rate increase is heavily regulated and has little to do with grid efficiency. |
|
|
|
Post by 00hmh on Jun 9, 2022 8:41:21 GMT -6
This deal with grid is a great example of regulatory failure. MUCH better coordination among utility regulators is needed.
Oh, yeah more regulation is always the answer isn't it. Government is really efficient at fixing problems. How much dope do you smoke ? When you have public utilities there is no choice but regulation...
There has never been a purely market driven answer in energy. In telephones a technological change made land lines monopoly silly. If you can find something similar to obsolete the grid, go for it! It isn't here now. And it ain't going to be oil pipelines or refining.
|
|
|
|
Post by sweep on Jun 9, 2022 8:50:09 GMT -6
Oh, yeah more regulation is always the answer isn't it. Government is really efficient at fixing problems. How much dope do you smoke ? When you have public utilities there is no choice but regulation...
Oh please, no one said eliminate all regulation. Why do you always argue strawmen ? Let's be honest here moron, what you mean by more regulation is more taxes. |
|
|
|
Post by 00hmh on Jun 9, 2022 8:50:32 GMT -6
Nobody has wanted to be responsible for rate increases which are the ONLY way to essentially rebuild a grid that is outdated.
Would you care to explain that sentence ? Every rate increase is heavily regulated and has little to do with grid efficiency. Sure. That's simple. The "right" amount of investment would require higher rates. And probably lower profits to the utilities. The regulators have failed to increase prices as needed to invest in the grid. Price increases are fought by politicians on both sides.
Utility regulation is a necessity when you grant a monopoly, no choice. In most these cases there is no market answer.
But when the regulated monopoly has as much political power as it does and the public just cares about short term pricing, no regulator can require the companies to invest and you are going to see regulatory failure. |
|
|
|
Post by 00hmh on Jun 9, 2022 8:54:13 GMT -6
When you have public utilities there is no choice but regulation... Oh please, no said eliminate all regulation. Let's be honest here moron, what you mean by more regulation is more taxes. Explain. Taxing has nothing to do with the regulation of utilities.
Fixing the grid will require interstate cooperation of state utilities responsible for distributing the load. |
|
|
|
Post by sweep on Jun 9, 2022 8:57:18 GMT -6
Would you care to explain that sentence ? Every rate increase is heavily regulated and has little to do with grid efficiency. Sure. That's simple. The "right" amount of investment would require higher rates.
If energy companies weren't required (regulation) to invest billions in inefficient high cost green energy bullshit the grid would likely be in far better shape. |
|
|
|
Post by sweep on Jun 9, 2022 8:59:21 GMT -6
Oh please, no said eliminate all regulation. Let's be honest here moron, what you mean by more regulation is more taxes. Explain. Taxing has nothing to do with the regulation of utilities.
WHAT, are you talking about. How do you think regulations are enforced ? It's either direct or indirect taxation(often in the form of penalties). Good Lord, you are stupid. |
|
|
|
Post by 00hmh on Jun 9, 2022 10:29:47 GMT -6
Explain. Taxing has nothing to do with the regulation of utilities.
WHAT, are you talking about. How do you think regulations are enforced ? It's either direct or indirect taxation(often in the form of penalties). So what kind of alternative do you suggest for public utilities, other than enforcement with penalties for violating regulatory rules?
You admit above that we can't do away with all regulation of utilities. So we need those tools to enforce the necessary use.
|
|
|
|
Post by sweep on Jun 9, 2022 12:26:39 GMT -6
WHAT, are you talking about. How do you think regulations are enforced ? It's either direct or indirect taxation(often in the form of penalties). So what kind of alternative do you suggest for public utilities, How about we dump the convoluted carbon tax and required green energy nonsense and instead concentrate on building out efficient grids. |
|
|
|
Post by 00hmh on Jun 9, 2022 14:01:09 GMT -6
So what kind of alternative do you suggest for public utilities, How about we dump the convoluted carbon tax and required green energy nonsense and instead concentrate on building out efficient grids. Carbon tax is OK with me. It uses a tax to price pollution, not regulation. Surely SOME of the green energy subsidy could be scrapped if carbon tax allowed to work. The energy grid would have higher priority. Mostly making coordination required or moving grid regs all to uniform state law or Fed law. |
|
