Big Oil warns of 'deep depression' under Biden energy plan (illegal, regime)
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Big oil was five years ago. Sorry, these dinosaurs are going the way of the real dinosaurs (pun intended).
Green is here. Al Gore won. The oil companies are hoping Trump would give them bailouts while they slowly get destroyed by green tech.
Also, if anyone believes gas will be $6 with Saudi Arabia hurriedly selling as much as they can before oil companies go out of business, that person is as clueless as they comes.
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You better hope the oil industry doesn't tank. Are you prepared for the fallout ? Are you aware how many things in our daily life rely on that industry ? And are you aware how much that industry will be needed to make the switch to wind power, for instance ?
I'm all for reducing pollutants, as long as it is done logically.
There does not need to be an electric train to Europe for oil prices to fall.
Just look at where are now. Oil prices have been free falling and there is no electric train to Europe.
But one day, there will be an electric airplane to Europe. That's the future that's motivating Saudis to dump their oil.
There is not going to be $6 oil unless Biden invades Saudi Arabia and completely shut down their production.
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LMAO. There will never be an electric airplane that can fly to Europe. The weight of the batteries alone would make it so heavy it wouldn't be able to take off. Where do you people come up with this stuff?
South Australia is not a great example as compared to the entire US. It has a population that's about a half million more than New Hampshire does. Not really a fair comparison to the US.
Further, I'm guessing they don't have to worry about the feet of snow that many northern US states get all winter. It's hard to generate solar energy when the panels are buried by snow.
Even in warmer US climates, you have issues to deal with. Look at the forest fires they have in California each year. All that smoke blocks out the sun from the panels. In the south, you have hurricanes that can rip those solar panels right off a building.
I'm all for supplementing our current use with solar and wind in certain areas but to rely on it completely for the whole country (and all those electric cars Biden would have us driving) is a fool's errand.
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