European Gas prices just surged 50% after the Qatari LNG production is under attack
European Gas prices just surged 50% after the Qatari LNG production is under attack
It seems to me that every conflict spikes oil prices, relatively unpredictably (if you can call this unpredictable).
Maybe the world should look for alternative sources of energy, which are abundant, cheap, and can be deployed non centrally?
No. No that’s insane.
These prices are literally controlled by price-fixing cartels.
But Europe is investing hundreds of billions in North Sea wind farms to generate hydrogen for heating, it was initiated by Putin’s actions.
There’s really nothing wrong with generating hydrogen when power costs are negative.
Except that only happens like 500 hours a year.
And hydrogen will leak from any tank.
And it turns metal brittle.
And I wouldn’t trust my neighbor with a propane tank, let alone hydrogen.
And its nearly impossible to transport through existing infrastructure.
But other than that, its great!
You forgot about the part where the possibility of generating hydrogen cleanly from electricity later is used as an excuse to build infrastructure and fuel-cell cars for it now, even though hydrogen now is dirty hydrogen produced by cracking fossil fuels.
I have no confidence that the second phase of switching to electrolysis would actually happen, and that “hydrogen” isn’t just a greenwashing scam perpetrated by natural gas producers.