ALASTAIR CROOKE—Proponents of green policies have long warned (since before the 2016 U.S. elections) that the failure of investors to understand the radical impact of a switch from old (democracy spreading) values to ‘Saving the Planet’ has led to a huge overvaluation of fossil fuel-linked assets – based on investors’ assumptions that growth in worldwide consumption of these latter fuels must continue – and that governments will take only baby-steps to lessen it. Yet, a rapid transition to C02-free energy sources, potentially would leave behind a mountain of ‘stranded fossil fuel assets’, which would have to be written off because their underlying real value has evaporated.
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Today, it is most economically feasible to obtain bulk hydrogen from natural gas. It will cost around $2 per kilo. The development of wind and solar “themes”, even in the most optimistic case, will not lower the price below $3. at the same time, the optimists of the idea proceed from the possibility of bringing the cost to $1. Let’s say they can make a fairy tale come true, then what?
There is a long and repeatedly proven coefficient of conversion of hydrogen to British thermal units through the heat of combustion. Based on it, it turns out that $1 per kilogram of hydrogen corresponds to the price of $7.4 per million British thermal units (BTU). It is from this moment that there is an association with the famous saying “the devil is in the details”.
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[Photo: At the Standing Rock #WaterProtectors barricade. Credit: UnicornRiot.] Police &…
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[Photo: Impressive array of County Sheriff, Police, and private security protect the…
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——By—— Unicorn Riot Unicorn Riot, an independent media collective, is on the…