David Greely: How The Energy Transition Will Really Impact Oil And Gas Prices | Forbes
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- Опубликовано: 26 сен 2023
- David Greely, a former Bridgewater and Goldman Sachs strategist who's now chief economist of Abaxx (a company building new markets for climate commodities) joins "Forbes Talks" to discuss how the transition to electric vehicles and renewable energy sources is likely to really impact prices at the pump.
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Hydro eleectricity 7%, nuclear 6%, all other low emissions 3%, fossil fuel 84% of global energy. US Geological Survey estimates of global reserves of industrial metals and minerals 2 to 3 % of needed for this century. Fossil fuels will be economically depleted with in a few decades, when the cost of supply of commodities is more than the ability to pay.
The transition to a sustainable future can't be treated as an option! We either do it or don't survive as a species.
That sounds like a cult if I ever heard on. Carbon levels were way higher in the past and things lived. In fact if we remove carbon to low earth won’t sustain life.
I just can’t wait until oil spikes. Solar and wind has benefited from cheap fossil fuel and cheap Chinese labor.
I’d be more of a believer if solar and wind and EVs didn’t get large government subsidies.
I read the French tried to help Cali but Cali didn’t want it. It’s funny Europe and Japan has bullet trains but the U.S. can’t afford bullet trains cause environmental paperwork is half the cost. I think it’s hilarious.
I know it's a complicated subject but I wish interviewers would do more research before they did interviews.
Seems to me many alternate energy power plants, solar and wind farms, goes out of business rather quickly. What good is solar and wind if they can't even stay in business for a realistic usage life cycle. Not to mention having to keep a reliable power source, fossil fuel, for the periods when solar and wind are not producing. Which is every day for all practical reasons.
The first thing that you have completely out to lunch is your use of the word "We"....what we have to do. General people, the stuffed shirts and talk, talk, talkers should understabd that "Governments" don't build, make or create anything. It's industry that does the development, design, prototyp and manufacture anything and everything. The carbon tax collected by governments never go to make or create the technology. The tax proceeds go to governmeny cronies, who sub-contract and the sub-contractors find contractors which hire the workforce. By that point 80% of the original funding is gone to the suits.
Great guest, unfortunately the interviewer appears unfamiliar with the subject matter.
Put a tax on bill gates’ private jet then
IF you price carbon at 51 per ton the number of projects using resonant frequency to fracture h from o is going to go exponential!
Ya we don’t need a carbon tax. Remember the pentagon and nato is one of the largest polluters there are. You don’t tax them….
If governments and environmentalists cared about the environment don’t just sue exon you need to sue the pentagon and nato and let Iran close off oil shipments if oil really is an existential threat to man.
It also means oil shouldn’t be sold in dollars and that the U.S. needs to leave the Middle East otherwise we’re hypocrites
When smartphones entered the developing countries, people went from not having a phone at all, straight to a smartphone. It’s the same scenario when it comes to coal. Developing countries shouldn’t go to natural gas which is more expensive than renewable. I disagree with that comment. We don’t need more expensive natural gas!
Are you giving up any of the amenities of modern life? Solar cannot be transmitted great distances and is available 12 hours per day... more or less. The wind doesn't blow all the time. Would you prefer people cut down trees and burn them? Because that is what we used for heat and power generation for thousands of years.
@@TheJagjr4450 the assumption is that when moving to renewables, you have the right mix of wind, solar and storage. This way when the sun doesn’t shine and the wind isn’t blowing you have backup. Even now, there are places running on 100% renewables for a week at a time. (Australia.) The transition isn’t going to happen overnight and you build more renewables for increased demand and gradually displace fossil fuels once you have the renewable capacity.
Also renewables are not like our current system where you have large plants that transmit power over great distances. (I mean you can do that. See the massive farms in Africa planning to deliver power thousands of kilometers to Europe.) A better system is more local generation with local storage.
@@kylekleman Now address the copper problem... the fact that in the next 10 -15 years we need to mine and process as much copper as has been mined and processed in the ENTIRE HISTORY of the PLANET!
AND the fact that new mines take an avg of approx 10 years from resource discovery due to environmental studies and permitting before the first ton of ore is processed. These are ISSUES which must be addressed PRIOR to destroying current energy sources.
Okay I’m not sure solar is cheaper than natural gas. Like literally with the government subsidies a lot of things are below cost. Either tax payers pay the loss through taxes or inflation and the winners are billionaires getting the government money. It’s pretty corrupt.
The Jag
That’s right. If we need 400 new giant open pit mines that’s extremely bad for the environment. I’ve toured kennecott in Salt Lake City Utah. You can also see it from space. I realize we need mines but at the same time I can put two and two together.
Environmentalists like Norway are reducing and dislike oil, but then they legalize deep sea mining. It’s like okay let’s not destroy our atmosphere or land but
Let’s destroy the ocean that takes thousands of years to grow things or could take centuries to somewhat restore. At least mining on land you can visibly see it. If dark ocean ships which currently exist start doing deep sea mining you’ll have lots of areas not regulated etc.
Ya the lack of copper will limit further demand or constrain it. Maybe it’s why democrats like Warren buffet are buying up the largest truck stop cause he doesn’t believe ESG.