Carbon capture is really expensive though. So probably not.
MrMakabar
joined 1 year ago
The UK is a net oil importer, so as soon as the oil price goes nuts again they will start to regulate.
Even if they are not, climate change does not make all of earth worse or. Some regions will do just fine and they have the money to move to those.
A 10% decline in global oil consumption would be awesome. However to be realistic Russia consumes a lot of oil itself and sanctions do not cut out all oil exports. They certainly did not for Iran and Venezuela. Funnily enough 10% of oil consumption are US cars. So a ban of combustion engine car sales in the US would have solved that as well. With the EU and other allies joining, that would even be fast enough to actually beat new oil drilling in the US.
Sorry not an American, but why are the unions pro combustion engines? Seems like they want to loose their jobs to cheap import evs long term.
Funnily enough it is for both:
electricity price / 3 + cost of heat pump or stove = gas price
Both gas and electricity price obviously over a longer period of time and the 3 can be higher for better heat pumps. Obviously if you have rooftop solar electricity cost can be lower as well.
Shell knows that by pretending gas will be needed in the future, governments will support gas infrastructure, which turns it into a self for filling prophecy.
Anyway looking at the report, it seems rather odd to me. Gas demand in the EU is supposed to be stable, besides massive built up in renewable generation and even more importantly record heat pump sales, with laws phasing out gas boilers in multiple countries. Most EU countries already phased out coal electricity production and I doubt that will grow any day soon.
China is not going to be dependent on the US and Australia for LNG. They are not that dumb.
Japan and South Korea have falling populations so energy demand will shrink. Japan is restarting its nuclear power plants, which should reduce coal consumption a lot and lead to lower gas consumption.
Russia did not cut off natural gas supplies, they even supply now throughout their illegal war, towards countries that support Ukraine.
Russia did cut off Poland, Bulgaria, Finland, Germany, Italy, France and Denmark. So the sentence is technically correct. They cut off gas supplies, just not to every European country.
We can do carbon capture and especially in the last few percent it becomes increasingly harder to avoid emitting carbon. Land use can be extremely difficult. Steel production requires adding some carbon to the steel to change its properties. A number of chemical processes are going to be difficult to not emit. Having some carbon capture might be a good solution for that. Also taking out carbon to make up for earlier emissions might be cheaper then climate adaption.
We should ban ads period.
High speed night trains can lower the need for flying. NY LA is 3950km so an 11.3h train ride at 350km/h. When you sleep 8h of that it is better then flying. Then you only really need flights that go over a lot of water.