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Old 06-14-2017, 08:20 PM   #421
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More positive progress!

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Most of the 300 to 400 oil field workers found jobs installing solar panels beneath the hot and abundant West Texas sun.
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Old 06-14-2017, 08:23 PM   #422
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The US’s first new coal mine in years, heralded by president Donald Trump as a fulfillment of campaign promises, will employ 70 people.

That’s significantly fewer than the 92 jobs created by the opening of one American supermarket on average (based on 2015 numbers from industry groups and and the US Bureau of Labor Statistics).
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Old 06-15-2017, 09:49 AM   #423
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Bangladesh, the largest SHS market worldwide, now has more than 4 million units installed,” said the just released “Renewables 2017 Global Status Report”.
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The report observed that the cumbersome process of providing electricity access through grid extension alone is becoming obsolete, as new business models and technologies enables the development of off-grid markets.

The 4 million units installed in Bangladesh so far have all taken place in areas beyond the reach of the national grid.
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Old 06-15-2017, 01:10 PM   #424
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For those that haven't seen this, thought I would share again. It's 3 years old, but is still relevant today. We must do all that we can to switch to renewables, I hope this will inspire you.

Do the Math - The Movie

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Old 06-16-2017, 03:29 PM   #425
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Another article that quite nicely summarizes different areas and puts it all in one place. The article makes a good point about how value destruction precedes quantity destruction.

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The costs of electric self-driving cars will be so low, it will be cheaper to hail a ride than to drive the car you already own.
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Old 06-16-2017, 03:51 PM   #426
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Members of the congressional committee responsible for the Environmental Protection Agency's budget—Republican and Democrat alike—made clear Thursday they have no intention of approving the White House's proposal to slash the agency's spending.
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Old 06-18-2017, 08:38 PM   #427
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Interesting that someone like Wells Fargo is seeing roughly the same thing....

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$100 per barrel oil remains a pipe dream” due to “massive overproduction,” real estate strategist John LaForge said in a note this week. Barrels price will bounce between $30 and $60 in the coming years, according to top bank’s diagnosis.

At the $40-$50 price range, crude prices will likely crater, LeForge said, “but [oil producers] are having a hard time restraining themselves from producing.
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Old 06-19-2017, 12:15 AM   #428
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Great segment about coal on John Oliver last night.

Fuck you, Bob Murray!
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Old 06-19-2017, 08:26 AM   #429
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Originally Posted by gweeps View Post
Great segment about coal on John Oliver last night.

Fuck you, Bob Murray!
That was great! Thanks for the heads-up.

For those that don't want to have to search for it:

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Old 06-19-2017, 08:37 AM   #430
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To piggy back off the John segment:

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The utility figured it could have saved $38.5 million last year buying power on the open market rather than expensive electricity generated by coal from Navajo Generating Station.
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We are surrounded by utilities abandoning coal faster than rats escaping the Titanic. In Colorado, Xcel Energy has dropped its coal portfolio by half in the last decade. In Arizona, Colorado and New Mexico, all the big utilities are fleeing coal.
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Old 06-20-2017, 08:03 PM   #431
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Another bank.......

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Like BofA, Fereidun Fesharaki, chairman of oil and gas consultancy FGE, on Monday said that oil prices could plunge to US$30 a barrel in 2018 and maintain that low price for some two years, if OPEC fails to make steeper output cuts.

Oil prices are “most definitely” heading to US$40 and are likely to slip into the upper US$30s, John Kilduff, founding partner at energy hedge fund Again Capital, told CNBC’s Squawk Box on Tuesday.
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Old 06-20-2017, 08:10 PM   #432
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If we and others are pumping at a fast rate right now and demand has been falling this year, what do you think is about to happen starting the last half of this year when Tesla starts cranking out the cheaper Model 3?

What happens next year when they produce at least 500,000 EVs and a million by 2020? And then there's all the other auto companies getting into the EV game around 2020-2022.....

What happens to the value of all the oil reserves.........think.about.it.....

Oil industry....bye-bye.....

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U.S. refineries are producing record levels of product, even as U.S. demand for gasoline sinks and stockpiles build.
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“We’re refining a whole lot more and there aren’t as many mouths to feed because demand isn’t as strong this year.”
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Old 06-21-2017, 03:31 PM   #433
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Old 06-23-2017, 02:02 AM   #434
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Fuck you, Bob Murray!

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