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Energy Transition


synoptic

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4 hours ago, billfromlaketravis said:

It’ll be interesting to see if big tech warms up to O&G. I’d say no on Amazon. They bought carbon credits that specifically state the CO2 has to stay in storage and can’t be used in O&G operations. And Microsoft is jumping through insane hoops to try and fire up old nuke plants. 
 

If we want more AI applications, we’ll need more energy. Kind of a staring contest right now on how to get there. 

Regardless of whether or not big corporations use nat gas directly for AI needs, much more gas will be consumed in the years to come (prob starting in ‘25) than now. I like to think the price of gas will be multiples of what it is now. At least that’s what I wanna believe owning gas royalties. 

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47 minutes ago, Rex Kramer said:

Regardless of whether or not big corporations use nat gas directly for AI needs, much more gas will be consumed in the years to come (prob starting in ‘25) than now. I like to think the price of gas will be multiples of what it is now. At least that’s what I wanna believe owning gas royalties. 

Spinning down coal plants for less dirty thermal sources is always a good thing. Natgas is a good stepping stone on the way to more sustainable and less harmful power, kind of the methadone of fossil fuels

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29 minutes ago, Captainant said:

Spinning down coal plants for less dirty thermal sources is always a good thing. Natgas is a good stepping stone on the way to more sustainable and less harmful power, kind of the methadone of fossil fuels

Do you know coal is at the highest production level it has ever been?

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2 minutes ago, FartingMonk said:

Do you know coal is at the highest production level it has ever been?

It doesn’t matter what is happening across the world to these types. It only matters what occurs in their little worlds. 

I do appreciate that Wall St has all but abandoned the ESG moniker, but it’s been replaced by other ridiculous themes like “the energy transition”.

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53 minutes ago, FartingMonk said:

Do you know coal is at the highest production level it has ever been?

Largely because the natural gas spigot from Russia got turned off, yes. Europe is a cold place, and they need heat sources. You can bet your asses they're not going long on coal and are looking to decarbonize

49 minutes ago, Rex Kramer said:

It doesn’t matter what is happening across the world to these types. It only matters what occurs in their little worlds. 

Literally, lol. Lemme know whenever you work out if natgas pipelines and oil refineries are part of the oil and gas industry.

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13 minutes ago, Captainant said:

Largely because the natural gas spigot from Russia got turned off, yes. Europe is a cold place, and they need heat sources. You can bet your asses they're not going long on coal and are looking to decarbonize

Your little world has been expanded largely to include Europe, but that’s still a little world. 

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1 hour ago, Captainant said:

Anyways, I thought that was an interesting video about new and upcoming gen 4 nuclear neactors, including one being deployed pretty close to home in Seadrift in the late 2020s. Sorry to have ruffled some O&G feathers over the threat to your royalty checks lol

It is interesting. You just had to inject typical stupid shit into the mix. You’re incapable of ruffling feathers and there is no threat. 

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On 12/29/2024 at 12:56 PM, billfromlaketravis said:

image.thumb.png.856449ee4507247dbb406eda242bba99.png
 

Fascinating podcast about how much power AI uses. I can’t remember all of the specific numbers, but basically 1 Microsoft AI facility uses the same amount of electricity as the city of San Francisco. 

Saw a stat that a ChapGPT query uses 10x the energy of a google search.

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