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A more thoughtful question to ask: If oil and gas companies are so opposed to renewables and have the money to work against them, how did Texas - which is wher
by caseysoftware 6y ago
A more thoughtful question to ask:
If oil and gas companies are so opposed to renewables and have the money to work against them, how did Texas - which is where those companies should have the most control - become the #1 producer of wind power and the #2 producer of solar?
What are the possible explanations?
- aspaceman 6y agoTexas is big?
- brewdad 6y agoIt's profitable. Both in dollars and cents and in PR value being able to push back against environmentalists and climate change advocates. But you can be assured, global climate be damned, no drop of oil or natural gas will be left in the ground until it becomes unprofitable or unless regulatory changes force the issue.
- qqqwerty 6y agoIt is not rocket science. If you are in the business of selling oil and gas, you ideally consume as little of it as possible. Solar and wind are cheaper sources of energy but they aren't easily transported. So Texas is using solar/wind to both cut costs and allow them to export more of their petrochemicals.
- refurb 6y agoThe most obvious answer is oil&gas despite its best efforts isn’t all that powerful. I mean, everyone loves the stories of how car companies single handedly ripped up all the street car tracks but apparently they couldn’t stop Tesla from eating their lunch despite teetering on the brink of insolvency for years.
- SyzygistSix 6y agoThrowing one's weight around using capital is a lot easier than innovating.