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Any kind of serious US effort to reduce fossil fuel use will cause oil prices to drop.Could it be that's what Ukraine had been waiting for? I follow a YouTuber named Jake Broe, he covers investing and the Russian invasion of Ukraine as of late. He mentioned that new lists of equipment to be sent to Ukraine from the U.S. seem to be announced each week now.
He has an economic take on the war. He mentioned that Putler's biggest enemy is Fed Chairman Jerome Powell. By aggressively tackling inflation, Powell will bankrupt Russia by bringing down the price of oil. If oil gets to about $60 a barrel, Putler's Russia is doomed. India and China will still get a discount on Russia's tainted oil. So that's no help for Putler. There's just so much oil those two countries can take. Especially since there aren't enough/any pipelines to those two.
I hope this doesn't get political.
Oil prices are very high, but I strongly doubt that Russia is gaining much from it. Almost every report I have seen says that Russia is only able to sell its oil at a significant discount. It is true that every country has to take every step it can to reduce the dependency on imports but that will take political will, which is seriously lacking in the UK. We have significant deposits suitable for fracking, but lack the courage to take those steps.Any kind of serious US effort to reduce fossil fuel use will cause oil prices to drop.
We can thank Russia for giving us all a kickstart on fossil fuel reduction. I imagine the oil dependent Arabs and Persians are none to pleased.Any kind of serious US effort to reduce fossil fuel use will cause oil prices to drop.
It's been happening for a while, now.We can thank Russia for giving us all a kickstart on fossil fuel reduction. I imagine the oil dependent Arabs and Persians are none to pleased.
Close - Hydrogen power would be the best avenue.Pixie farts?
It's been happening for a while, now.
But until someone comes up with a reliable alternate power source, fossil fuel fuel will be the go-to.
That's nuclear fission combined with hydroelectric (where possible) solar, tidal and wind power along with advancements in batteries. The first annoys the Greens, but pragmatism will prevail - nuclear is the only non-GHG power source that can reliably replace the horsepower and electricity generated by fossil fuel.But until someone comes up with a reliable alternate power source, fossil fuel fuel will be the go-to.
The main problem with hydrogen technology, is that hydrogen is readily available, meaning it cannot be easily monopolized by corporations.
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But as I mentioned above, the powers-that-be will be slow in adopting the technology. If it ever will.
yes if you will discover endless, clean supply of the hydrogen - in this moment all we are doing in this matter is based on converting hydrocarbons in hydrogen, by the way creating even more CO2Close - Hydrogen power would be the best avenue.