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Main Paineframe
Oct 27, 2010
Gonna laugh like crazy when we move to full "renewables" and then run out of the elements and minerals we need to make batteries and PV panels and poo poo. Death is certain

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Main Paineframe
Oct 27, 2010

Bedshaped posted:

Nuclear fission in it's current form is:
  • Non renewable
  • Producing hazardous waste products
  • Possessing the possibility that lack of maintenance/modernized systems/human error can cause a catastrophically environment changing meltdown

The same is true of solar, too. Producing PV cells uses finite materials, creates tons of toxic waste, and mismanagement of that waste can easily create a localized environmental catastrophe.

Of course, solar and wind rely heavily on batteries, which are most definitely nonrenewable. I'll be surprised if peak lithium doesn't make electric cars non-viable within our lifetimes.

Main Paineframe
Oct 27, 2010

StabbinHobo posted:

this is hand waiving sillyness

proven reserves are baked into the balance sheet and therefore market cap of all of these companies. to be told they can't use those reserves anymore means (tr?)billions of dollars have to evaporate.

edit: 1.6 trillion barrels http://www.eia.gov/cfapps/ipdbproject/IEDIndex3.cfm?tid=5&pid=57&aid=6

edit2: http://news.exxonmobil.com/press-release/exxon-mobil-corporation-announces-2013-reserves-replacement-totaled-103-percent
exxon has 13B of just oil, at $100/bbl thats $1.3T. their market cap is $440B: http://finance.yahoo.com/q?s=XOM

and thats just one oil company, not counting gas, and no coal

No sane person is talking about banning oil usage, the stuff is just too useful and there are uses for it that renewables are ill-suited for - like making plastic. The point is to stop using it for poo poo we don't need it for (so that we can stretch supplies longer on the stuff we still do need to use oil for) and to stop burning it since that's way shittier for the environment than, say, using it to manufacture plastic.

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