Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Vermilion Energy Inc. T.VET

Alternate Symbol(s):  VET

Vermilion Energy Inc. is a Canada-based international energy producer. The Company seeks to create value through the acquisition, exploration, development, and optimization of producing assets in North America, Europe, and Australia. Its business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding acquisitions. The Company’s operations are focused on the exploitation of light oil and liquids-rich natural gas conventional and unconventional resource plays in North America and the exploration and development of conventional natural gas and oil opportunities in Europe and Australia. The Company operates through seven geographical segments: Canada, the United States, France, Netherlands, Germany, Ireland, and Australia. In Canada, the Company is a key player in the highly productive Mannville condensate-rich gas play. It holds a 100% working interest in the Wandoo field, offshore Australia.


TSX:VET - Post by User

Bullboard Posts
Comment by JelrakTBon Jan 23, 2020 2:22pm
49 Views
Post# 30590083

RE:RE:RE:RE:Anyone

RE:RE:RE:RE:Anyone
yggdrasilll wrote:

95% of the fuel burned is out of necessity? Really? I'd like to see your source for that. Because the way I see it, people burning heating oil could be encouraged to change systems and go electric, which even in Alberta would cut down on emissions.



1) Electricity costs more in Alberta than Qubec

a) And even if there was a similar geography to allow the construction of hydro-electric dams anywhere near the size, what is the probability that environmentalists would allow for such habitat destruction given today's sentiment?

b) Wind Farms have been linked to infra-sound damage to any within their proximity. Solar panels are not effective underneath snow.

2) The cost of switching heating over to electric is not a zero-cost venture. The cost of adding solar panels is not a zero-cost venture. This takes both of these alleged solutions largely outside the reach of 90% of the population even with heavy subsidies.

3) The cost of fabricating and installing electric heaters throughout the province for millions of homes is not carbon neutral.

4) The cost of fabricating solar panels is not carbon neutral and creates environmental toxins.

5) The net effect would be ridiculously insignificant when the above is considered holistically


yggdrasilll wrote:
People driving cars can use public transit or other greener modes of transportation like walking, biking, carpooling, or EVs.


What percentage of people can truly afford to do so? Consider one example from my own experience: my vehicle was unavailable for a week so I decided to use public transit to get to work. The result? 2 1/2 hour commute (1h 15 min bus, 30 min LRT, plus 45 min walking) instead of 30 minutes by car. Each way. This is not survivable simply in order to then witness China spewing forth vast volumes of pollutants without controls. 

The cost of EVs are well out of the price range of most, and they are not carbon neutral to manufacture, nor to charge in a province where most energy is derived from coal and NG.

yggdrasilll wrote:
Heck, people can even use less heating oil just by draft-proofing their homes.


Draft-proofing can be costly and largely outside the reach of much of the populace. Further, the manufacturing of insulation is not carbon neutral. Additionally, sealing one's home too tightly can lead to the accumulation of Radon gas, which can cause cancer. I have lost relatives due to this cause--one of whom was a geo-engineer who built his home into a hill in order to improve insulation only to end up contracting cancer and dying due to Radon build-up.

yggdrasilll wrote:
There are plenty of options to cut down on "necessity" use of oil. But the carbon tax doesn't simply affect oil. It can encourage natural gas plants to use carbon recapture technologies,


Which will drive up costs that will be passed on to the consumer, negating the stance that the Carbon Tax will not affect rate payers.

yggdrasilll wrote:
it can encourage the closing of inefficient coal plants and their replacement by efficient natural gas plants subsidized by provincial proceeds from the tax.

Which will drive up costs that will be passed on to the consumer and tax-payor, negating the stance that the Carbon Tax will not affect rate payers.

Which will also not be a carbon-neutral implementation

yggdrasilll wrote:

So yes, it will have a measurable, positive effect on consumption, just as raising taxes on fuels has always had, and it will have a measurable, positive effect on emissions.



Given that all of the approaches above listed will involve large up-front-emmission expenditures in order to achieve, are any of these truly providing a net benefit?
Bullboard Posts