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Car producers CAN make a profit producing them & BOY Big Oil getting interested
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Car producers CAN make a profit producing them & BOY Big Oil getting interested -
Re: Hydrogen v gas-o-line
Do you know which oil major stands to benefit the most from the shift to hydrogen? I've been looking at SU, XOM, BP and CVX.Originally posted by Mega View Post -
Re: Hydrogen v gas-o-line
Crude oil is about 95% carbon and about 15% hydrogen.
Today most of the world's hydrogen comes from natural gas. Here's an IEA report https://www.iea.org/reports/the-future-of-hydrogen
And here is a USDOE site with links to other literature https://afdc.energy.gov/fuels/hydrogen_basics.html
One fascinating angle is electrolysis from solar and wind. Those generators are notorious for needing a grid scale energy storage system because the wind and sunshine often occur when you don't need the electricity.
Long term those renewable sources might use the off-peak power to electrolyze water into hydrogen. Nuclear makes sense for hydrogen production too.
Back in the late 1980s we had a fuel cell bus running in demonstration, and the hydrogen was coming from a hydroelectic plant in Quebec that was too remote to use its whole capacity so they were making hydrogen from water with their spare power. With essentially free feed stock (electricity and water from the river) it made sense for them financially to manufacture a high priced specialty product like hydrogen.Comment
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Re: Hydrogen v gas-o-line
https://www.shell.com/energy-and-inn.../hydrogen.html
I like GRG55 thoughts on this, but Royal Dutch Shell seems like a good long to median buy.
https://www.energyvoice.com/otherene...-kind-germany/Comment
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Re: Hydrogen v gas-o-line
I love the idea because its ALL the plus+ of Battery with out the down sides (battery weight/range). 400 miles in 4 mins!
Draw backs?
Hydrogen molocubes are very small so they "Leak" out of the tank.......They are working on this one.
I like the idea of a Fuel Cell car..........& so does ROYAL DUTCH SHELL/TOYOTA/HONDA/HYUNDAI Government of Japan/South Korea/Germany......Comment
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Re: Hydrogen v gas-o-line
Originally posted by Mega View Post
I took a look at RDS.A/RDS.B, wow! Yield of 8.5% and PE of 12. Payout ratio of only 75%.
That's much better than BP or XOM or CVX. But debt to equity is much higher than the American companies. Same with BP.Comment
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Re: Hydrogen v gas-o-line
I was up very early not long ago, a freezing night/morning but moon was bright..........I could see all the wind turbines stopped.....no demand for the power. We need to store that wasted energy!
Hydrogen IS the answer, either blend it with CNC &/or Fuel cell fuel............it can be done & it must be done.
Mega going home in the future?
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Re: Hydrogen v gas-o-line
My take on Shell is that they don't think of traditional energy as having a long runway. As evidence I offer their ill-advised investment in solar panels a decade or more ago. We never sold them as they were always a bit too expensive and never compelling. CVX is still investing more into traditional energy. Even though I've been closely associated with renewable energy, I tend to think CVX is correct. These changes take much longer than almost any of us understand. The Coronavirus equivalent global warming event hasn't happened and is likely a decade or so away. When it does, we'll all move quickly to switch over and the unlucky will have to move or swim.Originally posted by touchring View Post
On a human level, the canary in the global warming coal mine is Bangladesh. As their rice fields have continued to turn brackish, science has produced more resistance crops but this is only a stopgap. This isn't something we follow in the west but there were 6,000 varieties of rice grown, now it's 600. There are about 6 varieties that are salt resistant. Like Amazon taking out retail, global warming will take out areas near sea level and Bangladesh is too poor, completely ignored and very much at sea level. When it's no longer sustainable, folks in Bangladesh will look like today's Syrians as they attempt to move to India. Good luck with that.
So is Shell or Chevron correct? I think it's CVX as science will mitigate warming issues as sea level advances and almost no one cares about island nations, Bangladesh or, well Florida unless you live there. The mouse had it coming anyway.Comment
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Re: Hydrogen v gas-o-line
Originally posted by GRG55 View Post
China's demand is crashing. This looks like a black swan for oil companies.Comment
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Re: Hydrogen v gas-o-line
LOL.Originally posted by touchring View Post
China's demand is crashing. This looks like a black swan for oil companies.
We will see how long China can live without it.
(and how long we can live without Chinese trinkets in Walmart).Comment
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Re: Hydrogen v gas-o-line
Originally posted by GRG55 View Post
Are you implying that China won't be able to get the middle east oil it needs?
But surely you know that China makes more than just trinkets and plastics in Walmart?Comment
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Re: Hydrogen v gas-o-line
Indeed.Originally posted by touchring View Post
And I am hoping this time THIS viral outbreak finally exposes the stupidity of outsourcing so much of the global economy's supply chain to a single, corrupt, totalitarian regime.
I could care less about Apple's iPhone component disruption. It's the idiocy of depending on China for such things as our medical supplies, medications and vaccines that is absurd.
Seems like a great business model for China. Corner the world market for basic medical needs and then drive demand by exporting one virus after another.
The only "good" thing about this situation is the US economy, being the least dependent large economy on imports and exports, will be the least damaged by half of China's output being shut down.Comment
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Re: Hydrogen v gas-o-line
Originally posted by GRG55 View Post
I’m thinking this could lead to a few things:
1) Not de-globalisation, but definitely distributed decentralisation. Less gigahub Chinese “sock city”-like specialisation for critical consumables.
2) A hard nudge towards increased comfort level in remote work(with a lower carbon footprint wrapper) for those who can.
3) Coronavirus is a global dress rehearsal for a future worst case scenario pandemic, akin to Christchurch Sept/2010 “dress rehearsal” for the Feb/2011 big one.
4) It will be a litmus test for the adaptability, capability, & durability of CCP in PRC. The harder China is hit, the more CCP will have to focus inwards and pause external focus.
My personal fear is a worst case scenario where the CCP views the economic impact of Coronavirus as an existential threat to the regime, and they dust off a plan or plans for easily achievable near shore external adventures.
Argentina’s junta domestic distraction in the Falklands 1982, mashed up with Reagan’s “Morning in America” invasion of Grenada in 1983, with Chinese low risk characteristics.
Very low casualties(in the short term), but potentially very high economic bifurcation shockwaves.
China hasn’t had a war in generations.
Activating Han nationalism with Chinese strength & destiny via external distraction is a very real, very easy, and absolutely massive trump card.Comment
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