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Argentina: 5 Billion for Shale Devel. Initiative

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Klause's Avatar Oct 24, 2020 | 09:20 1 https://www.worldoil.com/news/2020/1...shale-drillers



While alternative energy is great for the future and we need to push tech that way, Argentina has figured out capitalizing on oil today can change the nation's fortunes.

This is a stunning about face for a government that makes Meile look like a hard line conservative. Reply With Quote
Oct 24, 2020 | 09:40 2 You heading there with your expertise? Reply With Quote
Oct 24, 2020 | 10:04 3 Why does a mature industry that you claim is so very profitable need a 5.1 billion dollar subsidy from a government that is beyond broke? Reply With Quote
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  • Oct 24, 2020 | 10:13 4 And if you give any subsidies to renewable clean energy development and deployment you will be criticized by the usual hypocrites who don't mind subsidies as long as either they are getting them or the industries they support get them! LOL Reply With Quote
    Oct 24, 2020 | 13:01 5 That sounds like a recipe for bankruptcy. Spending 5 billion when there is a glut of supply and prices are low. Reply With Quote
    Oct 24, 2020 | 14:04 6
    Quote Originally Posted by chuckChuck View Post
    And if you give any subsidies to renewable clean energy development and deployment you will be criticized by the usual hypocrites who don't mind subsidies as long as either they are getting them or the industries they support get them! LOL
    No the hypocrisy comes from the deceit of clean green energy getting shoved down our throats via carbon tax’s , meanwhile landfills are filling up with already outdated blades from windmills and toxic used solar panels that only made half the life expectancy with materials from open pit mines and rare earth minerals that are finite... no different than fossil fuels .

    Anyway , it’s an endless discussion, like being on a hamster wheel , never ending .
    There is a place for solar and wind to help with overall power grid . But in reality not as green and environmentally friendly as stated . The hypocrisy is totally ignoring that fact . Reply With Quote
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  • Oct 24, 2020 | 18:30 7
    Quote Originally Posted by furrowtickler View Post
    No the hypocrisy comes from the deceit of clean green energy getting shoved down our throats via carbon tax’s , meanwhile landfills are filling up with already outdated blades from windmills and toxic used solar panels that only made half the life expectancy with materials from open pit mines and rare earth minerals that are finite... no different than fossil fuels .

    Anyway , it’s an endless discussion, like being on a hamster wheel , never ending .
    There is a place for solar and wind to help with overall power grid . But in reality not as green and environmentally friendly as stated . The hypocrisy is totally ignoring that fact .
    What does any of this have to do with a broke country giving 5 billion in subsidies to an industry that is supposedly "highly profitable" and mature? Reply With Quote
    Oct 24, 2020 | 18:45 8
    Quote Originally Posted by furrowtickler View Post
    But in reality not as green and environmentally friendly as stated . The hypocrisy is totally ignoring that fact .
    cmon furrow, dont be set in your ways.

    In case anyone needs an explanation, deforested mountain top for a 1Gwh solar array in china, covers 13 sq km.

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    Last edited by jazz; Oct 24, 2020 at 18:47.
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    Oct 24, 2020 | 18:48 9 Name:  22239721.jpg
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    Oct 24, 2020 | 19:12 10
    Quote Originally Posted by jazz View Post
    cmon furrow, dont be set in your ways.

    In case anyone needs an explanation, deforested mountain top for a 1Gwh solar array in china, covers 13 sq km.

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    Well shit , that looks way better than trees *
    Hailstorm will be comical Reply With Quote
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  • Oct 24, 2020 | 21:23 11
    Quote Originally Posted by caseih View Post
    Well shit , that looks way better than trees *
    Hailstorm will be comical
    Disposing those panels into a landfill once they are no longer good will do wonders for the environment as well. Reply With Quote
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  • Oct 25, 2020 | 07:35 12 Some beautiful photos of our Albertan tar sands! And you guys are complaining about solar panels that can be removed and recycled and then you say nothing about the utter destruction of the oil industry in Alberta? Hypocrites!

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    Oct 25, 2020 | 07:39 13 Ha chuck let me know when the oil sands spins off a modern day slave industry.

    This is a cobalt mine in Africa. Ethical energy my ass.

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  • Oct 25, 2020 | 07:44 14 Great to see you want to do something about slavery and living conditions for Africans. What are you proposing to do? Reply With Quote
    Oct 25, 2020 | 07:52 15 Democratic Republic of Congo

    Cobalt Mine production: 100,000 MT

    The Democratic Republic of Congo (DRC) is by far the world’s largest producer of cobalt, accounting for roughly 60 percent of global production. The country has been the top producer of the metal for some time, even though its output decreased from 104,000 MT in 2018 to 100,000 MT in 2019.

    As demand for cobalt rises, increasing attention is being directed at the DRC. However, cobalt mining in the country has been linked to human rights abuses, including child labor. Because of this, in 2017, Apple (NASDAQ:AAPL) temporarily stopped buying cobalt mined by hand in the DRC. Due to increased concerns about supply, the London Metal Exchange is also taking steps to ensure all the brands listed on the exchange are following responsible sourcing guidelines.

    In addition, in 2018, congress in the DRC passed a revised mining law that increased taxes on cobalt, copper and other metals. Most recently, the country set up a new state company to buy and market all artisanal cobalt mined in the DRC with the aim of controlling the entire supply chain and boosting government revenue by having more influence on cobalt prices.

    All that said, the DRC is likely to remain key to the cobalt market for the foreseeable future. Glencore (LSE:GLEN,OTC Pink:GLCNF) has interests in two mines in the African country, Katanga and Mutanda. Katanga is set to become the world’s top producer of cobalt, the mining giant says. However, Mutanda, the current largest mine in the world, was put on care and maintenance last November. Reply With Quote
    Oct 25, 2020 | 07:52 16
    Quote Originally Posted by chuckChuck View Post
    Great to see you want to do something about slavery and living conditions for Africans. What are you proposing to do?
    Easy, drill the hell out of western canada and call trump to buy it. Ignore all fake climate studies, paris accords and bogus unicorn tech.

    Canada’s Oil Prices To Rise As Mexican Heavy Crude Supply Falls

    Nobody wants AB heavy crude right? Reply With Quote
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  • Oct 25, 2020 | 08:04 17
    Quote Originally Posted by jazz View Post
    Easy, drill the hell out of western canada and call trump to buy it. Ignore all fake climate studies, paris accords and bogus unicorn tech.

    Canada’s Oil Prices To Rise As Mexican Heavy Crude Supply Falls
    So you going to stop using your smart phone and cordless tools that contain cobalt in the batteries? Because I don't see demand for cobalt falling with or without the tar sands.

    I thought you were concerned about living and working conditions for Africans? Apparently not!

    Interest in investing in the oil sands is so low that Jason (Chavez) Kenney is thinking of a socialist state owned oil company so that Albertan taxpayers can subsidize further development of the dirty and uneconomic tar sands and then pay for the clean up as well.

    It will make Argentina's $5 billion dollar giveaway to gas companies look small in comparison!

    Do you think Trump will want to buy oil from a socialist state owned company that subsidizes the oil? LOL Reply With Quote
    Oct 25, 2020 | 08:38 18 Or just stop using cobalt.

    "Researchers from the ****rell School of Engineering at The University of Texas at Austin say they've cracked the code to a cobalt-free high-energy lithium-ion battery, eliminating the cobalt and opening the door to reducing the costs of producing batteries while boosting performance in some ways. The team reported a new class of cathodes -- the electrode in a battery where all the cobalt typically resides -- anchored by high nickel content. The cathode in their study is 89% nickel. Manganese and aluminum make up the other key elements."

    https://www.sciencedaily.com/release...0716101612.htm

    You're being sidetracked again. Why spend $5 billion in subsidies on a supposed "profitable" and mature industry? Reply With Quote
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  • Oct 25, 2020 | 08:47 19 Engineers from Austin Texas helping to put oil workers out of business with better batteries? Don't tell Trump! How unpatriotic! hahah


    Subsidies are okay as long as they are for the oil industry, agriculture and other "real wealth" producing industries. But not renewable energy!

    The 35000 kwh my solar panels put out in a year and that run my welder and turn my aeration fans are not real! LOL Reply With Quote
    Oct 25, 2020 | 08:56 20
    Quote Originally Posted by tweety View Post
    Why spend $5 billion in subsidies on a supposed "profitable" and mature industry?
    It sure is crazy isn’t it and shouldn’t be necessary. Unfortunately for investment to happen in a country that has a weak currency, has endorsed socialism again, has a bad track record with bankruptcy they are desperate for jobs.

    Google the history of Venezuela to see a good example of a resource rich country going over an economic cliff while ran by socialism. Get back to us with your results and what lessons could be learned. Reply With Quote
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  • Oct 25, 2020 | 09:21 21 If low oil prices continue Alberta could be near a cliff as well!

    Unlike Norway, that put away over trillion dollars from their oil and gas boom!

    Even Republican Alaska saved way more than Alberta.

    Who are the better managers and fiscally more conservative? Norway! Reply With Quote
    Oct 25, 2020 | 09:30 22
    Quote Originally Posted by chuckChuck View Post
    Who are the better managers and fiscally more conservative? Norway!
    We can loan Norway and Alaska the anchor known as Quebec and see how much money they can put away. Reply With Quote

  • Oct 25, 2020 | 09:30 23
    Quote Originally Posted by chuckChuck View Post
    If low oil prices continue Alberta could be near a cliff as well!

    Unlike Norway, that put away over trillion dollars from their oil and gas boom!

    Even Republican Alaska saved way more than Alberta.

    Who are the better managers and fiscally more conservative? Norway!
    Did Norway or Alaska have to send money to equalize another government. ?

    Maybe that resource money sent to Ottawa was Ottawa's responsibility to put away instead of corrupt government policy and keeping Quebec happy.? Reply With Quote
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  • Oct 25, 2020 | 09:31 24 So Alaska and Norway don't pay federal taxes? LOL Reply With Quote
    Oct 25, 2020 | 09:33 25
    Quote Originally Posted by bucket View Post
    Did Norway or Alaska have to send money to equalize another government. ?

    Maybe that resource money sent to Ottawa was Ottawa's responsibility to put away instead of corrupt government policy and keeping Quebec happy.?
    Albertan's did not send money to Quebec. All they did was pay the same federal tax that everyone else does. Equalization is a federal program and Harper and Kenney didnt change it did they?
    Last edited by chuckChuck; Oct 25, 2020 at 09:39.
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  • AllisWD45's Avatar Oct 25, 2020 | 09:56 26
    Quote Originally Posted by chuckChuck View Post
    So you going to stop using your smart phone and cordless tools that contain cobalt in the batteries? Because I don't see demand for cobalt falling with or without the tar sands.

    I thought you were concerned about living and working conditions for Africans? Apparently not!

    Interest in investing in the oil sands is so low that Jason (Chavez) Kenney is thinking of a socialist state owned oil company so that Albertan taxpayers can subsidize further development of the dirty and uneconomic tar sands and then pay for the clean up as well.

    It will make Argentina's $5 billion dollar giveaway to gas companies look small in comparison!

    Do you think Trump will want to buy oil from a socialist state owned company that subsidizes the oil? LOL
    Are you saying you expect Trump to get back in? Reply With Quote
    Oct 25, 2020 | 09:59 27 OMG I just added Chucky to an ignore list. First member. This thread is so much better now. Reply With Quote

  • Oct 25, 2020 | 14:07 28
    Quote Originally Posted by Oliver88 View Post
    It sure is crazy isn’t it and shouldn’t be necessary. Unfortunately for investment to happen in a country that has a weak currency, has endorsed socialism again, has a bad track record with bankruptcy they are desperate for jobs.

    Google the history of Venezuela to see a good example of a resource rich country going over an economic cliff while ran by socialism. Get back to us with your results and what lessons could be learned.
    Maybe google the definition of weak currency and Argentina.

    What happened when Jason Kenney gave $5 billion in subsidy to Alberta oil? For a bunch of self proclaimed right wing capitalists you sure like the socialist subsidies. Reply With Quote
    fjlip's Avatar Oct 25, 2020 | 14:49 29
    Quote Originally Posted by wiseguy View Post
    Get rid of covidchucky and make agriville great again !
    Green Covid C, constant burr under the saddle, stone in a boot, fly in the ointment, piss in cornflakes, any one else? Reply With Quote
  • 1 Like


  • Oct 26, 2020 | 05:41 30
    Quote Originally Posted by Tucker View Post
    OMG I just added Chucky to an ignore list. First member. This thread is so much better now.
    I don’t miss chuck, every now and then someone quotes him and I’ll usually read it but wish I hadn’t. Reply With Quote