Same thing was said about coal 15 years ago. It's still the most cost effective

Sign up, and you'll be able to vote in polls. Sign up

Report problem with this ad

Apr 27, 2017
6:09:07pm

Lance71 All-American

Same thing was said about coal 15 years ago. It's still the most cost effective

way to fuel power plants. And it's value continues to go up.

Report problem with this ad

Lance71

Bio page: Lance71
Joined: Jun 2, 2008
Last login: Jun 14, 2024
Total posts: 14,799 (45 FO)

Report problem with this ad

Messages

Author

Time

Oil prices can't really go up...

4/27/17 6:06pm

Maybe but not in our lifetime. Oil's relatively cheap. Clean tech can't compete.

WDaddy

4/27/17 6:08pm

Part of the reason oil/gas is cheap is precisely because its had to compete with

4/27/17 6:12pm

I don't agree with that at all. Directional drilling and US shale production

WDaddy

4/27/17 6:15pm

Just isn't true- as the economy has rebounded the oil consumption hasn't

4/27/17 6:25pm

The first paragraph agrees with me. From a demand perspective though, it talks

WDaddy

4/27/17 6:38pm

This is true...clean energy solar and wind have virtually no affect upon oil

Nat Gas Man

4/27/17 6:48pm

Same thing was said about coal 15 years ago. It's still the most cost effective

Lance71

4/27/17 6:09pm

Huh? I hope you're trolling, right?

4/27/17 6:10pm

Yeah, natural gas has surpassed coal. That stuff is cheap.

WDaddy

4/27/17 6:11pm

I can sell Natural Gas to power plants cheaper than they can buy coal

Nat Gas Man

4/27/17 6:19pm

In my previous company, that's exactly what we saw. Our manufacturing operations

WDaddy

4/27/17 6:23pm

Eventually, this will be true. Eventually. Pretty sure we'll see oil a lot high

Incentivize

4/27/17 6:14pm

I agree, but not with your reasons

Mike Honcho

4/27/17 6:19pm

Solar still only provides about 1% of all energy produced.

Thrill

4/27/17 6:22pm

Of course considering all the power plants in place- but its ~40% of energy

4/27/17 6:29pm

not energy...electricity...huge difference. For solar to really take off it will

Nat Gas Man

4/27/17 6:37pm

Expect oil to bounce between $45 and $65 for the foreseeable future.

4/27/17 7:48pm

The issue with that price is that if you look at the capital budgets of all the

Nat Gas Man

4/27/17 8:05pm

True. With the Saudi's trying to take Aramco public, they need a medium price

4/27/17 8:43pm

When people start saying that such and such will never rise again and this time

My Soapbox

4/27/17 11:49pm

Yes never say can't. Housing was always a can't ever go down and it didn't even

Nat Gas Man

4/27/17 11:58pm

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad