Neo Lithium Corp NTTHF

Renewables against O&G

[RuudinFrance]

BNP ParisBas has it's say Wells, wires and Wheels
In 25 years time crude oil break even will be ~$10.
40 pages of mumbo jumbo, only for die-hards.
Tough job, but one might even,

have fun

[supersceptic]

RuudinFrance I think you misread the report, it pretty much estimate when doomsday of oil will be finilized... They stated that breakeven not will be $10, but needed to be to compete against renewable. Which is pretty much impossible (there is graph with ever growing oil CAPEX), That means oil won't be even remotely competitive quite soon. The report indicates that first big strike already

[RuudinFrance]

Supersceptic, from a semantic point of view, you're completely right. Your "needed to be" was an omission from my side. I meant to say what you said better :-) The report even states it clearly: "4.2 EROCI IMPLIES GASOLINE NEEDS OIL BREAK-EVENS OF $9-10/BBL OVER LONG TERM". My bad. However, will there be enough solar/wind/nuclear/tidal/etc. electrical power generation to

[RuudinFrance]

And then today this: 'Absolute emergency action': network operators use reserve systems Network operators are temporarily deploying their reserve systems at two locations in the Netherlands to provide everyone with power. This is necessary because the electricity network can barely cope with the growing transport of electricity.   Domestic editorial team 29-08-19, 07:50 Last

[NeverStopAsking]

Very interessting, thank you. However, as far as I understand it is not really news, reports about this have been out for years. But nice to see the shift towards a green world.  How you calculated the number of 10.- per Share? :-)  

[supersceptic]

NeverStopAsking. Yes, the reports like this has been around, but this one comes from major oil company. They are not denying shift anymore. Some of them will decide that "if you cannot beat them, join them". Our future partner might be not SQM or Mercedes, but BP or Exxon... The more the better.

[supersceptic]

Oh yes, I did enjoy report. Thank you. Oil industry feel comfortable now, but I think they start to feel some pressure. Overall, the decline will be gradual, because the more renewables are in play, the less demand for oil, but also no pressure on them to develop new expensive fields. So, oil prices can go down, without losing profitability and that will slow down spread of renewables. At the