We may be heading to the promised land of hydrogen. The current viral unrest has caused a depression in fossil fuel demand, with a decrease in value. With fuel hanging around $40 bbl there is no incentives to sink funding into production, exploration, or delivery. Long term outlook is for continued very low demand for refining. As the sale price goes up, the idled production comes back online which further depresses the prices. It is barely break even to produce normal oil at $40, let alone shale or more complex plays. Gas prices should remain down until refinery closes down and makes pump prices rise, but there is no way for that to translate to the rig pricing.
All the glut of oil may be a prime time to crack the hydrogen out of it and fill tanks with water producing eco fuel. Except the price for energy to crack it will go up. clay “I think it’s time we stopped our cringing embarrassment about our history, about our traditions, and about our culture, and we stop this general bout of self-recrimination and wetness.” B. Johnson 01/09/2020 > On Sep 18, 2020, at 3:03 PM, Peter Frederick via Mercedes > <mercedes@okiebenz.com> wrote: > > The problem with the diesels and NOx is that it's not possible to meet the > standard. With ANY diesel engine. Bad standard, as the NOx isn't all that > much worse than what's produced by gasoline engines, which also produce quite > a bit of particulate pollution. > > The real solution for clean air is to turn the clock back to the 1930s, when > we had integrated communities with work, schools, stores, and professional > services close by and intelligent urban design that moved large numbers of > people the same direction at the same time. > > We allowed GM, Standard Oil, and Goodyear Rubber to addict us to driving all > time, which I'm coming to intensely dislike. > > > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
