Comments by "Greg Greg" (@SlowhandGreg) on "Seeing underinvestment in oil and gas but demand will soon spike: Liberty Oilfield Services CEO" video.

So do people who want and have renewable energy, the last few years has seen the development of microgrid tech allowing home to be run from your car when the main grid either goes down or needs a boost. There are multiple storage solutions in development, the underlying reason why green electric is the future is price its half the cost of Fossil per gigawatt hour and getting cheaper all the time.
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@dantheman1534 Green cost per kilowatt hour are over half that of fossil and a third of nuclear and falling. Micro grid tech is being rolled out to not just first adopters now. Texas has 20% green now the only reason that's not greater is their grid is falling apart Battery tech in the next couple of years will halve In price and double in capacity. Also oil and gas prices will continue to cost rise and commodity markets become more unstable
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Chill Will the economics of building wind farms isn't dependent on subsidies there just cheaper unlike oil gas and coal which get every tax break under thee sun. Micro grids work on not just an individual property level but on an associated local mesh. Power companies will roll out the tech because it saves them money
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Chill Will Quote " government regulation is artificially curtailing production" False So what is the truth behind US production? Back in 2020 the price of oil futures fell off a cliff and went negative due to the pandemic and the Saudi's increasing production to try and put some of its competitors out of business. Exploration and development virtually halted, engineers were released or made redundant projects moth balled or wound up altogether. The thing is you can't just turn off an oil well , anyway the lifecycle of exploration to production is 7 years if you halt a project 4 years in its start again time in most cases. As for government meddling the artificial tax breaks and oil development incentives are meddling. Lets take Sweden for example they have 50% green energy the government have put money into the steel industry there to move to Hydrogen instead of natural gas which is produced using spare wind energy. California who have 40% renewable's has a similar plan as it expands its green energy footprint. Once the infrastructure has been built by So Called Government Meddling with incentives it will be increasingly difficult for Fossil reliant states to compete due to the low running costs of renewable alternatives. Here's an example from France they built a tidal generation system costing billions the electric its produced paid back the infrastructure cost in under 10 years its now producing electricity at next to no cost barring maintenance. Oh and the bulk of US steel is made using electric Arc furnaces The fossil industry flood the space with so much disinformation its untrue like the moratorium on leases The Oil companies currently have enough land leased already to produce oil at current levels for 30 years for fk's sake how much land do they want?
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Chill Will China is also the biggest investors in wind farms in the world. Your clinging to fossil is admirable but coal in the US has been on life support for a while mines are closing and coal power plants are being phased out due to cost, Aus they scrape it off the ground no mining needed World trade is changing since the pandemic shipping costs have risen by 300% both the US and the EU are looking at more protectionist policies for example there are plans to designate chip manufacture as strategic requiring a % being built in the US using grants and import tariffs to achieve this goal. You've also got the manufacturing automation Tesla is expanding to build in the location for sales hence China, Berlin and now Texas with battery factories next door to the car plant. The reason Tesla can do that is the cars are built by robots for the most part cheap labour + shipping becomes less of a factor. As I said oil is only going one way in price as will natural gas
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Chill Will Tesla are plugged into the local grid like everyone else, subsidies wise all governments give them out including the state of Texas its projected to create 15-20k direct jobs and100k indirect jobs in the surrounding area. Tesla have put 10 billion in investment into the project. They've also built a grid storage facility near by and have Solar all over the site It's good to talk invested a bit of time checking my facts our conversation has been civil, my opinion is that due to a combination of the pandemic and technology this whole area has reached a tipping point and from this point it will accelarate at a frightening pace your of a different opinion time will tell.
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