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When the cost of drilling oil and converting to gasoline outweighs the cost of manufacturing hydrogen, the current oil giants will pivot. This will drive (curr
by OnlyMortal 2y ago
When the cost of drilling oil and converting to gasoline outweighs the cost of manufacturing hydrogen, the current oil giants will pivot.
This will drive (current) costs down.
They’re not going to allow their businesses to fail.
- bdcravens 2y agoPerhaps, but the playbook has always been lobbying and deception to prop up oil. Manufacturing hydrogen isn't enough; they'll have to build out the infrastructure (I have no idea how easily gas pumps/stations can be retrofitted)
- OnlyMortal 2y agoIndeed but, you can be sure, they have the finances to do that. It’ll be how there businesses survive.
- jasonlaramburu 2y ago>When the cost of drilling oil and converting to gasoline outweighs the cost of manufacturing hydrogen, the current oil giants will pivot. It is actually cheaper and greener to burn fossil fuels to make electricity for EVs, and just capture the CO2 emissions released than to produce hydrogen. Virtually 100% of H2 sold today is 'blue hydrogen,' meaning it is derived from steam methane reforming of natural gas, a process that actually generates more Greenhouse Gas than simply burning natural gas [1]. 'Green Hydrogen' produced from the electrolysis of water is incredibly expensive (about 3-4x more than Blue). Both are mature technologies that are unlikely to get cheaper at larger scale. [1] https://onlinelibrary.wiley.com/doi/full/10.1002/ese3.956#:~:text=In%20a%20sensitivity%20analysis%20in,less%20than%20for%20gray%20hydrogen https://onlinelibrary.wiley.com/doi/full/10.1002/ese3.956#:~....
- OnlyMortal 2y agoI have faith, and it is only faith, someone will find a way to cheaply crack water at some point.