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Why Global Human Flourishing Requires More Oil, Coal, and Natural Gas—Not Less

tommu56

Bronze Member
Mike and Alex hit the points on energy

Back by popular demand – the sometimes controversial and always provocative Alex Epstein, founder of the Center of Industrial Progress, teller of uncomfortable truths, and author Fossil Future: Why Global Human Flourishing Requires More Oil, Coal, and Natural Gas—Not Less. If you’re at all like me, you love books that live up to their titles. This one does. Alex is an energy expert who believes that our planet has all the necessary resources to support all the people on it and then some. He also believes that the planet is warming and that our reliance on fossil fuels is partly to blame. He is by no means a “climate change denier,” but he does NOT believe that fossil fuels should be limited or replaced by alternatives. Far from it. Alex believes that oil, coal, and natural gas are the best hope for human flourishing and that their actual impact on the climate can only be properly evaluated if we first understand their overall impact on humanity.


 
HUMANS HAVE ALWAYS NEEDED COPIOUS AMOUNTS OF CHEAP ENERGY TO SURVIVE AND EXCELL. HOME GROWN IS EVEN BETTER.

Just look at China. Thirty years ago it was a third world economy. Cottage iron was their primary source of iron and steel. They build a new coalfired electricity plant every four days. Meanwhile, USA Steel production is almost dead.

They built a hydro-electric dam so big it has altered the earth's rotation. Anyone here notice the difference?
And, a new larger one is being developed.
 
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Im not a big fan of NPR but here's their accounting of China coal plants


As the number one importer of both crude oil and coal, China is the largest consumer of energy and CO2 producer in the world. Approximately one-third of all CO2 emissions across the globe (30.7% in 2022) were generated by China. With 1,142 coal-fired power plants in operation as of July 2023, mainland China currently has a far greater number of coal-fired plants than any other country. India comes in a distant second with 282 coal-fired plants, and the U.S.is third with 210 plants. Approximately 170 of the remaining coal-fired plants in the U.S. are scheduled to be de-commissioned by 2030, and there are no plans to build any new coal-fired plants in the U.S. Meanwhile China is adding to its inventory of coal-fired power plants at a record rate. [See e.g., “Producers and Contractors are Drawing Criticism over the Carbon Footprint of Concrete”, posted 6/21/23].

During the first six months of 2023, China issued permits for the construction of approximately 50 new coal-fired power plants, an average of two per week. China currently has more than 300 coal-fired plants that are either under construction, permitted, or awaiting permitting. If all 300 plants are constructed, China’s inventory of coal-fired power plants will increase by more than 25%. Currently, China has six times more coal-fired power plants under construction than the rest of the World combined. Such rapid growth, prompted a research analyst at the Global Energy Monitor, - Flora Champenois – to comment “[e]verybody else is moving away from coal and China seems to be stepping on the gas”.

Officials within the Chinese Communist Party (CCP) offer a variety of reasons for the rapid reliance upon coal-fired power plants. Some CCP members contend recent heat waves have increased the demand for air conditioning leading to problems with the power grid. Other CCP members claim extended drought conditions have led rivers to dry up – including parts of the Yangtze – thereby decreasing the availability of hydropower. Still other CCP members blame the war in Ukraine for causing an increase in the price of liquified natural gas, and thus a shift towards coal. Finally, CCP officials claim the new coal-fired plants will simply serve as backup support for the undependable renewable sources of energy and or during periods of intense electricity demand. Whatever the justification, such rapid growth appears to contradict the pledge made by President Xi Jinping in 2020 that China will “aim to have CO2 emissions peak before 2030 and achieve carbon neutrality before 2060”.

Given that China is also currently leading the world in the construction of renewable energy sources, such as wind and solar energy, China’s increased reliance upon coal contradicts the justifications offered by the CCP. Critics point out that most of the new coal-fired power plants are being constructed in locations that fail to support the justifications offered by the CCP, such as no reported instability of the grid or unreliability of renewable energy sources. Other critics indicate that the new coal-fired plants are being constructed in locations that are already powered almost entirely by coal as opposed to supposed unreliable renewable energy sources. Such contradictions by the CCP have caused the lead analyst at the Centre for Research on Energy and Clean Air – Lauri Myllyvirta – to question whether China intends, or even can comply with its commitment to achieve carbon neutrality by 2060.

Whatever stance is taken, while the world is rapidly decreasing reliance upon coal-fired power plants, China is moving even faster in the opposite direction, drastically increasing reliance upon both coal and CO2 emissions.

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"China is the world's biggest emitter of fossil fuels and has pledged for its emissions to peak by 2030. But there are questions over how high that peak will get and how soon that peak will come...... The International Energy Agency recently reaffirmed there must be "no new development of unabated coal-fired power plants" to keep temperatures less than 1.5 degrees Celsius and avoid the worst effects of climate change. It's too early to know how much the plants will run and how they will impact China's emissions, says Lauri Myllyvirta, lead analyst at the Centre for Research on Energy and Clean Air and one of the report's co-authors. "The challenge though is going to be that all of these power plants have owners that are interested in making as much money as possible out of running them," he says.




 
Landman TV series Episode 1 opening scene ....
Typical Taylor Sheridan stuff .... beating the viewer up with honest truths. Yellowstone was about the liberal invasion of Montana and the importance of farming (mostly beef productions).
 
I never watched the series.
I negotiated my lease's they came to me I didn't take any thing from them, I handed them my specs ( I had done my home work) told them to take it back and get it approved. He came back with a counter proposal I read it and said no he came back with a "better deal" same response from me. They finally came back with another royalty proposal I could almost accept but they wanted surface rights and no depth constraints for the play marked up their proposal with the Marcellus depth in my area +-500 ft and still no surface rights this one they approved. I took it to my lawyer to check he checked it out he asked me jokingly if I wanted a job because of the end results were better than any he's seen. he said most people don't go for a fixed depth (that' so they have to get another lease for different strata/ play) or forget the surface rights plus my royalty's were better than most he has seen.

BTW the Royalties have been in the shitter the last 4 years thanks JOE!!!!
 
I never watched the series.
I negotiated my lease's they came to me I didn't take any thing from them, I handed them my specs ( I had done my home work) told them to take it back and get it approved. He came back with a counter proposal I read it and said no he came back with a "better deal" same response from me. They finally came back with another royalty proposal I could almost accept but they wanted surface rights and no depth constraints for the play marked up their proposal with the Marcellus depth in my area +-500 ft and still no surface rights this one they approved. I took it to my lawyer to check he checked it out he asked me jokingly if I wanted a job because of the end results were better than any he's seen. he said most people don't go for a fixed depth (that' so they have to get another lease for different strata/ play) or forget the surface rights plus my royalty's were better than most he has seen.

BTW the Royalties have been in the shitter the last 4 years thanks JOE!!!!
You'd get on really well with my wife. She's a hell of a negotiator when it comes to mineral rights and leases. Like you, she tells them what she wants, lays down the law and doesn't compromise. After 3 or 4 rejections they eventually give in. Oh! I forgot to mention that she was the reservoir engineering manager for a major oil company. Take no prisoners. (y)
 
You'd get on really well with my wife. She's a hell of a negotiator when it comes to mineral rights and leases. Like you, she tells them what she wants, lays down the law and doesn't compromise. After 3 or 4 rejections they eventually give in. Oh! I forgot to mention that she was the reservoir engineering manager for a major oil company. Take no prisoners. (y)
I pooled a lot of resources my Father worked for Sun Oil for 32 years, he passed before I got to the point of looking at gas leases but he had friends I remembered from work and most had kids in school with me so on face book I started contacting the friends I had in school to ask if their fathers would be able to answer some questions.
I called them to pick their brains they were glad to talk to some one that's for sure I learnt so much about the refinery along with the lease stuff.
One thing that comes to mind that they couldn't process our crude because of the EPA regulations and the cost to meet them made it not cost affective to process out oil so we sell it off shore to a 3rd world country to process it and buy it back processed lets see if that get's fixed.
The other problem is refining capacity is down of the 6 or so refineries in the south of Philadelphia only 3 are still processing oil some have increased their capacity but not 2X.
 
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