RE:CCE PRICE TARGETS [extremely undervalued today]I am going to present a perspective somewhat different than yours just because of the lack of knowledge around the issue grates on me. I agree with you about the potential for cce but it has nothing to do with any benefits of "green" energy. The build-out of green energy is completely the result of misguided government policies, mandates, and subsidies. And no, oil and gas use has not peaked.
Apart from the economics of "renewable energy" being horrible, contrary to assertions by interested parties, it is not even possible to move in that direction from an engineering consideration because once you exceed a certain modest percentage threshold of wind and solar energy, because of the intermittency, the grid instability increases dramatically with each addition to the point where it quickly becomes unmanageable.
But the environmental impact would be horrible and much worse than that of oil and gas--beyond people's comprehension.
I could go on for pages with details but will just summarize:
The green energy zeal is an impossible dream and not only irrational from an economic point of view but horribly destructive from an environmental point of view. It involves magical thinking based on emotions derived from false narratives that completely ignores so many pertinent facts. To go 100% green would require a phenomenal amount of land for the installations, either taken out of agricultural production or having the natural ecosystem destroyed. Think of the environmental impact of mining all of the raw materials required and then processing them and manufacturing the panels and windmills, all of it requiring huge energy input up front. Regarding wind energy, just to recapture the amount of energy required to mine, ship, process the raw materials and then to manufacture the parts and transport and assemble them into a windmill then requires many years of operation before you have a net gain in energy. Add in the materials and energy required to build the extended transmission lines. And then there is the dismantling and disposal costs and the huge amount of toxic materials that have to be dealt with. Also, there is the support infrastructure required for electric vehicles.
"Thin-film solar panels require indium and tellurium, to convert the sun’s rays to electricity. Making solar panels also requires lead, cadmium, copper, gallium, silver, polyvinyl fluoride, and other materials and chemicals. Just building the 500 square miles of solar panels that Dominion Energy Virginia is planning would involve some 5,000,000 pounds of cadmium and enormous amounts of these other materials.
A single 2-megawatt wind turbine requires some 3.5 tons of copper to generate and transmit electricity – plus 900 tons of steel, 2,500 tons of concrete, 45 tons of non-recyclable plastic composites, several tons of rare earth elements, and many tons of manganese, cobalt, aluminum and other metals and minerals.
Magnets in hybrid gas-electric vehicle motors require dysprosium and neodymium, while a single 100-kilowatt-hour Tesla rechargeable battery pack (for all-electric vehicles and backup power systems) requires 140 pounds of lithium, large amounts of cobalt, nickel, graphite, aluminum and copper, and smaller amounts of manganese and rare earth metals."
"Multiply these requirements by the tens of thousands of offshore wind turbines, millions of onshore turbines, billions of solar panels and billions of 1,200-pound battery packs that would be needed under the Green New Deal – and the demand for raw materials would translate into unimaginable increases in mining around the world. It would also bring unsustainable global ecological impacts, enormous increases in global fossil fuel use and emissions......."