European Energy Crisis, Foreshadowing for the rest of the world?

[killramos]

Lithium brine projects don’t even make sense as a by product when you have a thousand barrels a day of oil to carry the real costs.

How people think lithium brine is going to solve the worlds problems when we legislate away the oil part of the equation is straight up comedy.

[ZenOps]

Well. arguably you could just use one Tsangpo dam to melt both the silicon for solar panels and refine the lithium. 100 coal power plant equivalent goes a long way.

Its theoretically doable.. As long as there is not a big earthquake in the Himalayas, and you can actually get someone to build the buildings there.

[davidI]

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I too have heard that as well. The tech over the last 20 years has been pretty incredible, who knows where things will be at even in 10 years.

The tech is one thing but even if mining permits were applied for today, the site wouldn't be producing 10 years from now.

[ThePenIsMightier]

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The tech is one thing but even if mining permits were applied for today, the site wouldn't be producing 10 years from now.

What do you mean? The committees that will meet to discuss who will be on the board that will eventually choose how the selection process will represent the core value of inclusivity while not emitting carbon to ensure that the task force nominated to consult with the 7 loosely affiliated native first nations indigenous first people's Aboriginal Indians process is exceedingly efficient and can easily be expedited!

[ExtraSlow]

But only if there's a business case.

[ThePenIsMightier]

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But only if there's a business case.

I'm almost thinking that there needs to be a negative business case, based on some of the recent project approvals.
The payback period for NWR exceeds the lifetime of the facility. LNG Canada is looking a long way from promising. Site-C doesn't seem to be doing its thing, yet...
*Not Mining, but still subject to the whims of gov't tape.

[msommers]

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The tech is one thing but even if mining permits were applied for today, the site wouldn't be producing 10 years from now.

Definitely. I used to work at a mine that had a bunch of permits completed, and they are still years away from pumping gold out of there.

But will Ghana have that problem? Wholeheartedly no(!), and they have a lot of the metals necessary.

Canada is its own worst enemy. As much as we Albertans are perceived as a bunch of hicks, just gettin' er done, sometimes the levels upon levels upon levels of oversight actually isn't necessary.

[ExtraSlow]

European gas (LNG) buyers cartel incoming.
https://oilprice.com/Energy/Natural-...artel.amp.html

Going to be a great decade to export methane onto boats! Very profitable.

[davidI]

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European gas (LNG) buyers cartel incoming.
https://oilprice.com/Energy/Natural-...artel.amp.html

Going to be a great decade to export methane onto boats! Very profitable.

Great for the US who have approved/constructed 14 LNG export Terminals while our PM doesn't see a "business case".

[mr2mike]

Buy low (Cdn nat gas)
Sell high (Export Cdn nat gas as USA LNG)

[suntan]

If the gas was in Quebec or Ont it would be full steam ahead.

Trudeau simply hates Alberta.

[Yolobimmer]

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If the gas was in Quebec or Ont it would be full steam ahead.

Trudeau simply hates Alberta.

Man oh man, whoever did we blame for our own fiscal failures before Trudeau ?

Lol

Likewise, you should be thanking Russia for the uptick in your livelihood.

I wonder when we start doing too well if thr Americans will blow up our pipelines.

[msommers]

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If the gas was in Quebec or Ont it would be full steam ahead.

Trudeau simply hates Alberta.

Most of Canada does to be honest. Albertans have historically done very well financially compared to the rest of Canada and are now 'getting what we deserve'. This ultimately means every Canadian is poorer per capita than they should be, but ON/QC in particular will cut off their nose to spite their face.

A comic from 1915:

[suntan]

Most of Canada is still convinced that they subsidize O&G.

[Yolobimmer]

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Most of Canada is still convinced that they subsidize O&G.

It's because THEY DO. Duh.

[ExtraSlow]

Interesting. Germany is shutting down Nuclear plants and building new natural gas plants.
https://oilprice.com/Energy/Natural-...s-for-16B.html

[Darkane]

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Interesting. Germany is shutting down Nuclear plants and building new natural gas plants.
https://oilprice.com/Energy/Natural-...s-for-16B.html

Didn’t see that coming. There’s no business case!

Meanwhile - apparently in secret LOL - USA is at record peak production. Fake environmental democrats.

[davidI]

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Didn’t see that coming. There’s no business case!

Meanwhile - apparently in secret LOL - USA is at record peak production. Fake environmental democrats.

Yea, and the US decreased emissions by 2% while increasing GDP by nearly 3% by moving to Natural Gas instead of Coal.

[suntan]

They still have a lot of coal plants to decommission.

[ExtraSlow]

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Yea, and the US decreased emissions by 2% while increasing GDP by nearly 3% by moving to Natural Gas instead of Coal.

You are literally worse than Hitler.