- Thread starter
- #221
jmw
Industrial
- Jun 27, 2001
- 7,435
Except, the various studies showing jobs created by green energy, when examined more closely, prove to employ fewer people that are displaced from other energy sectors.
Now, what do you mean by subsidy?
The reserves of fossil fuel are the greatest they have ever been. We not only have new and very substantial resources discovered deep in the Mexican Gulf but also vast new resources in Iraq (or Iran?).
Then we have enormous reserves of "tight" gas coming on stream and there are the shale oil crudes - China has now discovered large reserves of Shale oil.
The price of fossil fuel is determined not by what it costs to produce but by how much is produced relative to demand.
Petrol is heavily taxed.
So we have fossil fuel prices being inflated by restricted production and high taxation.
So when you say some countries are subsidising their fuel costs, if you are talking about producers (and because it has bought up a lot of production that includes China) what they are really doing is selling the fuel domestically (or in Hugo Chavez case, for political reasons, t selected clients) at less than the market price. They are not selling the fuel at less than the cost of the fuel.
On the other hand, wind energy costs more to produce than it is sold for and that is a true subsidy. So when China shows a net profit on fuel compared to a net loss by others, who are the winners?
Given the vast fuel resources that China has both domestically and abroad through purchase (as well as tying up much of the refinery production of residual fuels) and given their industrial expansion, do you expect them to convert to solar power and wind energy? SO how effective is it for unilateral legislation to (a) impact on CO2 emissions and (b) sustain a competitive market economy?
JMW
Now, what do you mean by subsidy?
The reserves of fossil fuel are the greatest they have ever been. We not only have new and very substantial resources discovered deep in the Mexican Gulf but also vast new resources in Iraq (or Iran?).
Then we have enormous reserves of "tight" gas coming on stream and there are the shale oil crudes - China has now discovered large reserves of Shale oil.
The price of fossil fuel is determined not by what it costs to produce but by how much is produced relative to demand.
Petrol is heavily taxed.
So we have fossil fuel prices being inflated by restricted production and high taxation.
So when you say some countries are subsidising their fuel costs, if you are talking about producers (and because it has bought up a lot of production that includes China) what they are really doing is selling the fuel domestically (or in Hugo Chavez case, for political reasons, t selected clients) at less than the market price. They are not selling the fuel at less than the cost of the fuel.
On the other hand, wind energy costs more to produce than it is sold for and that is a true subsidy. So when China shows a net profit on fuel compared to a net loss by others, who are the winners?
Given the vast fuel resources that China has both domestically and abroad through purchase (as well as tying up much of the refinery production of residual fuels) and given their industrial expansion, do you expect them to convert to solar power and wind energy? SO how effective is it for unilateral legislation to (a) impact on CO2 emissions and (b) sustain a competitive market economy?
JMW