I've done plenty of research on renewables and I've seen better criticism than you'll see here, but to add to Pecos points..
I'm arguably more conservative fiscally than any person I've met, but the FACT that is problematic is the population growth and number of people that will demand to participate in the transportation system
globally is a staggering number. The oil industry alone cannot support all of that growth in demand, we will run out of fossil fuels someday. Thus we have a looming problem. It can be addressed, but not quickly and not by half measures. Btw, that fact is agreed upon by scientists, economists, and even energy producers.
If you don't agree that's a problem, you're in denial and this whole discussion is pointless. That's fine by me, but I'm done listening if you can't accept that fact.
Here are my predictions and policy suggestions.
- Fracking is fine. The people challenging that are simply freeloaders.
- We need wind and solar investment, but how it's linked is currently the challenge. Best example is the North Sea wind farms that sit outside the Netherlands and Denmark. That's an example of it working. They power the transportation grid in the Netherlands. Point being, we need cities to pay for this in addition to states. Right now the federal government is too heavy handed with it and they are a poor partner.
- Solar is the same issue. Payback periods are longer. But the beneficiaries should not be controlled by the federal government. The beneficiaries need to be local consumers.
- Oil won't go away in the near term, but it will only get cheaper if we diversity our consumption. That's a by product few acknowledge.
- Batteries are the real story. The Musk effort to fix the grid in South Australia should have happened in Texas. Wind and solar are predictable, it's the ability to store that issue. When ERCOT failed, this could have been a solution.
- We need two nuclear power plants. Yesterday. That's the cog in this that needs to be on the table.
The longer we kick the can down the road on fossil fuels, the more beholden we are to the Saudi controlled cartel. The faster we become more energy independent, the better off we will be.
It's really a game of diversity at this point.
EV's are here to stay. It doesn't have anything to do with Tesla, they were simply first to market. Chevy, Toyota, and Volvo are cranking out EV's at a rate that blows Tesla away. And the Koreans are pouring into the hydrogen fuel cell business. I consult on that. The next round of innovation in transportation will be in cities using grid technologies. When a city goes 'clean' and limits vehicles into the city center based on carbon footprint, consumers won't have the same incentive to lay out 40k for an inefficient combustion engine. The technology is there, it's a matter of costs and adoption cycle.
My general advice is to tell others to a) don't invest in gas stations. b) wait for EV's to drop in price, but start planning now to buy and c) vote for nuclear.
Do those three things and you'll be fine.
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