/biz/ - Business & Finance

>>55556021
Trust the msm, chud!

>>55556021
I don’t think it’s true but rather than they are trying to make people think it’s true so they can simply stop processing fossil fuels and save them only for the military

>>55556021
If the US actually transitions away from fossil fuels it will have to be supplemented with nuke energy. It could just be that cars suck in the future and little else changes lol

>>55556021
The NYT has a great track record of telling the truth and journalistic integrity. I'm sure that this prediction will pan out.

>>55556078
This, fossil fuels aren't going anywhere they're just going to get more expensive in the US because the dollar won't be worth shit and we haven't been investing in it, so when the fags running this country finally fail at everything and have no choice but to turn back and invest in FFs again, it's going to get pricey

>>55556021
Coal consumption in the US has been declining steadily since 2007 and co2 emissions are below where they were in the 90s.
It's over for coalcels but gas still has a future.
Coal companies keep getting paid to research clean coal projects, which are technically possible but make the cost of their energy like 5x higher than what it needs to be.
>>55556065
Gas and solar has taken up the production. Most countries moving away from fossil fuels are increasing wind and small scale solar.

>>55556505
the vast majority of the U.S.'s hydrocarbon energy in the form of coal, much more so than petroleum or gas
And poorer countries are using coal like gangbusters. Coal is the fuel that lifted every wealthy country out of poverty and it's still doing so today with developing nations.

>>55556021
TWO WEEKS

>>55556578
Maybe the US could export coal to developing nations in Africa and South America, since coal lifted every developed country out of poverty.

>>55556419
>so when the fags running this country finally fail at everything and have no choice but to turn back and invest in FFs again, it's going to get pricey
Very true
Federal bureaucracy is strangling the fossil fuel industry, making permitting take more than a decade on new federal coal leases, for example. I'm sure the same is happening in oil and gas.
When the dolts realize we need FFs, massive reinvestment will be called for.

>>55556065
>If the US actually transitions away from fossil fuels it will have to be supplemented with nuke energy. It could just be that cars suck in the future and little else changes lol
My experience in life tells me that jews and women will only make society much worse to compensate for their worthlessness.

>>55556021
Solar and wind can't provide baseload.
Oil is abiotic and infinite.

>>55557799
Jews are women, and cursed Nations are ruled by children and women ( excuse the tautology ).

>>55557830
How can oil on planet Earth be infinite unless the planet is infinitely large or is connected to a wormhole that funnels oil in forever?

>>55557845
1) Extract oil
2) Burn oil
3) CO2 go underground
4) oil is produced
5) goto 1

Oil can run out in the same way water can run out : it can't, except locally and temporarily.

>>55557934
So is coal abiotic and infinite too? Does CO2 that goes underground also become coal?

>>55557934
>reserves will replenish themselves
just 200 million more years bro

>>55557934
We need tree and foliage burning cars stat

>>55558070
Old wells cohencidentally get refilled.
Fossil fuel is as fossil as fossils.

>>55557959
My kneejerk response was "don't be a fucking retard, of course not" but kikes and goylems are my only sources for coal's origin so you know, maybe.

>>55556021
>we’re running out of coal
I don’t believe this anymore. Germany itself has trillions of tones. Just imagine how much Afghanistan might since it’s totally unexplored.

>>55557934
lol
just put it in the ground bro it’s that easy

>>55557830
Solar could provide baseload if we had a high voltage transcontinental power grid.

>>55557830
Based knower.
t. also knower

>>55556021

kek

>>55559952
>baseload
He's wrong though. Has been for over 12 years.

>>55556021
From the same people who told you its safe and effective.

>>55556021
The "green energy" meme started back in the mid-aughts once it was clear the housing bubble was going to collapse. The economy was desperate for some sort of revolutionary new tech to kick-start some economic activity for them to pump money into. GE was able to sell every single household brand new lightbulbs. Someone started manufacturing windmills and all kinds of shit.
The problem is attempting to turn everything electric still requires coal to manufacture electricity and all of those components require silver. THAT also leads to the problem of exposing the paper-ponzi if silver prices need to get jacked up into industrial tier pricing to secure enough supply to fund these stupid endeavors. The GLOBE mines like 800M ounces of silver and they use almost 1BN every year. And because gold and silver historically have traded in certain ranges they are not keen on seeing these components jacked up in price.
So this is a classic case of misallocation of resources. The paper-ponzi only requires credit to be spent into the economy. Pursuing green energy will mostly be a waste of time and money compared to what we put into it. We have good research now I suppose, but that research is not showing us a path forward in accruing some net-benefit to humanity outside of the temporary paper-ponzi.

>>55559526
There's enormous amounts of coal in the ground. Enough to last at least hundreds of years if not thousands.

>>55559022
Oil and coal are both made of carbon. If you bury carbon and get oil, then you should get coal too from burying carbon.

>>55557179
>export coal
lol, they have shitton of coal and coal is not that hard to mine like gas or petroleum specially when you can omit some labor regulation

>>55561710
Show me evidence that Africa and South America have a shit ton of coal.

>>55561710
https://en.wikipedia.org/wiki/List_of_countries_by_coal_reserves

>>55556021
imagine believing oil comes from dinosaur fossils

>>55560043
Even if true.
These are the only parts of relevance in your post.
>economic activity to pump money into
>able to sell every single household brand new lightbulbs
>manufacturing windmills and all kinds of shit
>spent into the economy
>accruing some net-benefit to (my protfolio)
Most green stocks are UP. If you didn't buy in the greta hype idk what you were playing with.

>>55561854
If oil is abiotic, then coal should be too. They're basically the same (hydrocarbons), just in liquid and solid forms.

>>55556021
Buy signal.

archive ph WJEOB

>>55561855
So, if the "green transition" is just a way to pump the economy, will it fizzle out?
>>55562120
Is this seriously a buy signal?

>>55562301
Yes. Because we can’t afford it. The economy is saturated with debt/leverage and as the globe takes proper account of real world goods against the “claims” we’ll all be tightening our belts. Finance and accounting can not create a free lunch on an indefinite basis. Even if this credit cycle took. 4+ generations to play out does not mean it can continue on for 4+ more.
All debts are paid. With real resources or they are monetized abs eaten as losses. There is no free lunch. Because the debts are bad, so too will the stability of the value of cash.

>>55562670
So will my career in coal be safe, or is that hard to tell in the timespan of the next 25 years or so?

>>55562071
The more i think about it, the more it seems correct.
Probably hard to prove unlike oil, coal formation probably takes one or two orders of magnitude more time than oil which can be detected in one human's lifetime.

>>55562734
Coal can even be converted into oil.

>>55562301
>So, if the "green transition" is just a way to pump the economy, will it fizzle out?
Depends on where you're talking about. In america? Maybe. It's getting harder and harder to bet on an american crash. It was two more weeks over five decades ago.
In other countries i wouldn't bet on it. Look at where the money is coming from and who's excluded from buying in. (it's americans)
Now why would you exclude americans from holding your bags if it was bags you were offloading?

>>55562788
Cool. As long as fossil fuels stick around in the USA, I should be fine.

>>55562828
Fossil fuels aren't going anywhere. I don't believe that they naturally regenerate fast enough as some anons like to claim as the few that have are isolated and random incidents that have independent or inexplicable circumstances. But fossil fuels are necessary regardless if only for military purposes and nothing else, which is unture they are needed for a lot more. In fact the less fossil fuels that are available, the higher the stock will go. They can never not be profitable.

Fossil fuels lmaoooo

>>55562901
Nothing so far beats the energy density of fossil fuels except nuclear, and nowadays it takes 15 years and billions of dollars to build one nuke plant due to strangling government regulation.

>>55557179
China would be the main market, there's fuck all reason trying to sell it to Africa.

>>55562948
I don't disagree. But you shouldn't ignore the market. Either for or against fossil fuels. Energy is always profitable and always will be. And the very fact that fossils are diminishing will pump them and nuclear both. Whereas the timelines for nuclear, and fear of disaster/pollution (kek), will pump renewables.
Especially when you consider that not every country has access to nuclear for reasons.

>>55562071
Why wouldn't it be?

>>55563041
>Energy is always profitable and always will be.
Very wise
>>55563045
Well yes, any carbonaceous matter buried in anoxic conditions can become coal or oil. The question is how long it takes.

>>55562989
African countries are growing their economies pretty fast. Sure, they're way behind, but coal could give them a boost.

>>55563195
The issue there is they already have coal and extract it at high rates. It's not like Africa hasn't got the resources they need and the cheap labour to develop. They lack the technical abilities. China is by far the biggest importer of coal and have a nearly insatiable appetite for it.

>>55556021
>They say $100,000 per year fossil fuel jobs will be replaced with low paying other jobs.
>They say 50% of today's coal plants will be retired by 2030
I wouldn't be surprised, given that the goal is turn america into south africa

>>55563216
China it is, then! For seaborne coal

>>55558070
Millions of years is man made fiction. The only explanation for natural phenomena is a recent creation as described in Genesis. Trust CHRIST and go to heaven. Trust man and go to hell.

>>55558070
my brother in christ, you can make lignite in a couple of years under the right conditions

>>55563324
How long to make bituminous?

>>55563240
>>55563324
>amalgamated semitic myths
>bots/shills
Nah. You do you. But I prefer the OG Egyptian mythos over the byproducts and sequels.
Why are you bringing Christ and religion into this discussion? To discredit or to divert? Or both?
I don't believe either of you are Christians. Bots or glowies probably.

>>55558070
Funfact at any given moment “fossil” fuels are finishing their 200 million life cycle and replenishing reserves.

>>55563423
At what rate when compared to consumption?

If we were to pump carbon emissions into abandoned coal mines, would oil or coal be created over time?
With abandoned coal mines, the roof sags and then collapses over time, so the pressure for the carbon gas inside would be high.

>>55563415
I am praying you will see GOD'S truth anon

>>55563603
I am praying you will find your way to the relevant board.
>>>/his/

URANIUM is the answer

>>55556021
That's why i think we should all try to make it with crypto before the end of the world come near. In 20 years most countries will not have available resources anymore, war will come after that. Buy into EPEP bros, secure your funds and secure your family. Do it

>>55564192
Fuck off you’ve been shilling this gay shit in every thread

>>55556021
I hate ESG niggers so much. Wanting to use less energy is beta cuck faggot shit. Expending giga joules of energy is faustian and emblematic of white superiority.

>>55556021
>low paying other jobs.
So they will mine copper and refine lithium now?

>>55565092
I've had an offer from a copper mine. Paid slightly less than in dollars per hour than coal mining but no double time on Sundays or time and a half after eight hours a day. Also, no free health care.
Coal is the best compensated mining in my experience.

>>55565167
Basically, when you exclude the perks of coal, the copper job would have paid like 40% less.

>>55565092
If the copper and lithium mines paid about $40 per hour after a few months, paid almost $100 per hour on Sundays, paid time and a half for anything over eight hours in a day, offered four weeks of paid vacation in the first year, and were unionized, then we'd have a deal.

>>55564248
>talking to bots

>>55565092
I saw an ad for a molybdenum mine in Colorado that started off in the upper 20s per hour, not far from Denver. In Denver, retail workers make $22 an hour to start. So mining can be a pretty low paying job outside of coal and a few other commodities like gold.

>>55557799
the holy digits speak
>>55557833
and are confirmed

>>55556021
theyre right but its backwards. we are not using less fossil fuels and closing coal plants to replace them with better options. we are legislating and regulating fossil fuels into being more expensive than other methods we previously deemed too expensive, to justify using those more expensive methods. as a result people will lose jobs, and fossil fuel will get more expensive, driving poor normies to the cheapest alternative, which is yesterdays expensive alternative. the green movement is not about chlorophyll but dollars. as long as the group who makes global profits from this transition remains simultaneously in positions of power (regardless of which color tie you personally think they wear) then they will continue to use legal and financial means to force you to buy their preffered product (bags) which i am sure they deeply invested in when everyone thought their solutions were expensive and couldnt compete with fossil fuel. anyone remember solyndra?

>>55567016
This sounds about right.

>>55567016
It still looks bad for employment in gas, oil, and coal.

>>55556021
test

>>55556021
no, simple simon cityfags dont know the scope that petroleum products are used. they imagine cars, but not all the plastic on their desk and in the trashcan, the roads, their varnish, a million little things. humanity will consume oil until the last drop, then they will kill each other to squeeze the rag. before that happens, there will be mass culling of humans who are alive mostly to fulfill the requirement for permanent growth in the economy. its over

>>55565230
Is the government targeting coal, oil, and gas because these industries are a bastion of working class vigor and high pay and benefits?

>>55556021
These plans will fall apart when the plebs go crazy and kill everyone.

>>55556419
Counter point just for shits and giggles.
What if we use up all the easy to get "fossil fuels" of everyone else and then leave and actually produce our own.
Plus we take over canda under the auspice of the chinese being bad.

>>55557934
Just add the words "for any practical purpose" and you make more sense.
It could be used but we'd have to literally just be burning it to burn it and use all human resources for no purpose but to burn it up.

>>55569614
The green fanatics, including in government, are talking about the US barely using fossil fuels at all, not even importing them and using up other countries' reserves first.

>>55570928
I think the western governments are doing this so they have reserves for warfare if needed. We starting tapping ours long before anyone else could get into theirs. And even those foreign fields we tapped into were only a fraction of what was available.
Besides, it presents a good base to argue from in the future.
>Africa developing too fast? Let's rally our green troops to embargo because they use dirty fuels. It's not racism! (it's really not racism but some would cry that it is)

Also, possibly, to threaten the oil powerbase. They are the richest and maybe government doesn't like to be compeltely beholden to them. It's a well established tactic for governments to play powerful factions against each other.
But some will call me schizo for this.
I only care about profits to be honest. The FUD on both sides annoys me because it's always retarded and political. Fossil fuels will be profitable until every military vee-hickle is a super-sonic acrobatic nuclear powered battle car. Renewables will be profitable until every bleeding groin tree humper dies of a replication crisis.
Nuclear will always be profitable until the next disaster where you should be filling up your bags.