2 ms·
Sonwhat you're saying, is that by stifling and restricting local oil drilling, and refining -> gas, we're hurting the environment. A lot.
by b112 3y ago
Sonwhat you're saying, is that by stifling and restricting local oil drilling, and refining -> gas, we're hurting the environment. A lot.
- Retric 3y agoBeing local isn’t particularly relevant because there is such a wide range of transportation efficiency and different crude oil supplies involve differing amounts of flaring etc.
- b112 3y agoAll the oil currently known, is going to be extracted. Any other concept is, I think, fantasy. Thus, local is better.
- Retric 3y agoThere’s a great deal of oil that can’t be extracted for less than it costs to synthesize it. A deepwater oil rig isn’t going to sit around a well producing 1 barrel of oil a month. So being local is again basically meaningless here.
- b112 3y agoNow now, that's not relevant, and you know it. Naturally I am referring to what can be extracted economically.
- Retric 3y agoAhh, but once you accept there’s economic limits the economies of scale define those limits. The rise of EV’s will therefore strand more oil as smaller scale processing/distribution is less efficient. Being local to you doesn’t help because oil is transported to refineries before useful products are sent to you. The crash continues to strand more production as refineries shut down.
- b112 3y agoThe future is as it is, now is now. And local means closest viable, regardless. It would seem that preventing local production and extraction for political reasons, would be a mistake. It would also seem that preventing pipelines would be too. This makes sense. People are trying to stop a thing, via 100 paper cuts, instead of just stopping it. Meanwhile, this results in suboptimal production, which inceeases pollution.
- Retric 3y agoOil in the ground isn’t rotting, but it is finite so the logic isn’t so obvious. Especially because new local drilling has minimal impact on wholesale prices. If you expect future prices to spike then the wise choice is to avoid drilling until you can maximize gains. If you expect future prices to remain unchanged then the wise choice is to avoid harming your local environment and have other countries despoil their own. Only if you expect future prices will tank does drilling become a good idea.