Speaking of buying American, let's buy American oil, or quit giving it away. The cheapest way to move to zero emissions is pull the carbon out of methane and have clean burning Hydrogen.
We can do this and have almost free fuel. It takes energy to remove the carbon, so it doesn't make sense if you burn fossil fuel to clean fossil fuel…
Speaking of buying American, let's buy American oil, or quit giving it away. The cheapest way to move to zero emissions is pull the carbon out of methane and have clean burning Hydrogen.
We can do this and have almost free fuel. It takes energy to remove the carbon, so it doesn't make sense if you burn fossil fuel to clean fossil fuel, but today we can use solar and wind and get hydrogen gas for about the equivalent of $5 a BBL.
Wait, methane isn't free. Nope, we give our oil to oil companies and they sell it back for about $100 per BBL. There is a simply solution. We the people hire an oil company to develop our oil and gas, but we don't GIVE them the oil and gas, we pay them to get it for us, plus a nice profit. It's simple, instead of our normal giveaway, we use the drilling contract oil companies happily sign everywhere else on the planet, which pays them a capped amount, generous, but capped.
What does that do to cost. Well, golly, what does oil cost? The answer is in the latest issue of World Oil. I'll quote, then explain.
"...... look at the development in total development capex per boe for new conventional projects, which measures how costs have developed for new offshore projects.
Apart from 2020, the metric has been about $5.5 per boe since 2017. This year the value is expected to increase to almost $8 per boe.....".
So, we are giving our oil and gas away and they are marking it up from $5.50 to $100. That's a serious mark up. If we hire them to do it for us, we can have Hydrogen for the equivalent of $20 a BBL, or 20% of what we pay now.
If we want to be more hands off, block all exports and price oil and gas by US free market, not the planetary market. That would drop it just as much.
Speaking of buying American, let's buy American oil, or quit giving it away. The cheapest way to move to zero emissions is pull the carbon out of methane and have clean burning Hydrogen.
We can do this and have almost free fuel. It takes energy to remove the carbon, so it doesn't make sense if you burn fossil fuel to clean fossil fuel, but today we can use solar and wind and get hydrogen gas for about the equivalent of $5 a BBL.
Wait, methane isn't free. Nope, we give our oil to oil companies and they sell it back for about $100 per BBL. There is a simply solution. We the people hire an oil company to develop our oil and gas, but we don't GIVE them the oil and gas, we pay them to get it for us, plus a nice profit. It's simple, instead of our normal giveaway, we use the drilling contract oil companies happily sign everywhere else on the planet, which pays them a capped amount, generous, but capped.
What does that do to cost. Well, golly, what does oil cost? The answer is in the latest issue of World Oil. I'll quote, then explain.
"...... look at the development in total development capex per boe for new conventional projects, which measures how costs have developed for new offshore projects.
Apart from 2020, the metric has been about $5.5 per boe since 2017. This year the value is expected to increase to almost $8 per boe.....".
So, we are giving our oil and gas away and they are marking it up from $5.50 to $100. That's a serious mark up. If we hire them to do it for us, we can have Hydrogen for the equivalent of $20 a BBL, or 20% of what we pay now.
If we want to be more hands off, block all exports and price oil and gas by US free market, not the planetary market. That would drop it just as much.
Why aren't we doing this?