naturalgasbad

joined 1 year ago
[–] naturalgasbad 4 points 5 months ago

Funny how your entire argument is invalidated by their previous article today:

China’s property bender has led to long, tough hangover: economist Mao Zhenhua

[–] naturalgasbad 3 points 5 months ago

Honestly this is probably the only way to actually get those resources developed at this point.

Sinopec and Rosneft are absolute beasts in scaling O&G. Given China's specific USD reserve issues right now, it might make sense to route US assets into developing Sinopec assets abroad.

[–] naturalgasbad 2 points 5 months ago (1 children)

IIRC China does not yet see an easy way to solve the whole "in the winter the sun shines less" problem... So here we are.

[–] naturalgasbad 28 points 5 months ago (21 children)

The proportion of China's electricity produced from fossil fuels (56%) is now lower than it is in the US (60%). What an absolutely MONSTROUS performance.

[–] naturalgasbad 15 points 6 months ago (6 children)

Oh no! The millionaire is now not a billionaire... And the developer was sentenced to life in prison.

Anyway...

[–] naturalgasbad 2 points 6 months ago

You're barking up the wrong tree with this one. The real story is the number of US Olympians that have TUEs that coincidentally are performance enhancers and the relative lack of TUEs for other countries' Olympians (e.g., China).

[–] naturalgasbad 16 points 6 months ago (3 children)

India: Deal?

Russia: Deal.

America: Isn't there somebody you forgot to ask?

[–] naturalgasbad 13 points 6 months ago (3 children)

Surely this can't be caused by the biggest economies in the world relying on "clean" natural gas (that is, 99% methane) instead of "dirty" coal... Right?

[–] naturalgasbad 2 points 6 months ago (2 children)

This is basically a meltdown-proof reactor wtf lmao

[–] naturalgasbad 10 points 6 months ago* (last edited 6 months ago) (1 children)

Yeah fuck Canada ig

Edit: just to clarify, the Canadian government gave them more than half a billion for the EV retrofit. Guess that's all money pissed into the wind now.

[–] naturalgasbad 25 points 6 months ago (1 children)

It's not subsidized though guys don't worry

[–] naturalgasbad 34 points 6 months ago

To celebrate Tesla’s US$788 billion market cap in comparison to BYD’s $93 billion is to confuse incentives with outcomes. Both companies receive generous tax breaks and other government goodies. That Tesla is far more profitable than BYD while EVs have far less market penetration in the US is evidence of policy failure, not Elon Musk’s brilliance. Tesla pocketed the incentives while BYD (and competitors) delivered outcomes.

What we want from the butcher, the brewer and the baker are beef, beer and bread, not for them to be fabulously wealthy shop owners. What China wants from BYD and Jinko Solar (and the US from Tesla and First Solar) should be affordable EVs and solar panels, not trillion-dollar market-cap stocks. In fact, mega-cap valuations indicate that something has gone seriously awry. Do we really want tech billionaires or do we really want tech?

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