Argentina: 5 Billion for Shale Devel. Initiative

[Klause]

[url]https://www.worldoil.com/news/2020/10/23/argentina-pledges-51-billion-subsidy-for-vaca-muerta-shale-drillers[/url]



While alternative energy is great for the future and we need to push tech that way, Argentina has figured out capitalizing on oil today can change the nation's fortunes.

This is a stunning about face for a government that makes Meile look like a hard line conservative.

[bucket]

You heading there with your expertise?

[tweety]

Why does a mature industry that you claim is so very profitable need a 5.1 billion dollar subsidy from a government that is beyond broke?

[chuckChuck]

And if you give any subsidies to renewable clean energy development and deployment you will be criticized by the usual hypocrites who don't mind subsidies as long as either they are getting them or the industries they support get them! LOL

[TASFarms]

That sounds like a recipe for bankruptcy. Spending 5 billion when there is a glut of supply and prices are low.

[furrowtickler]

And if you give any subsidies to renewable clean energy development and deployment you will be criticized by the usual hypocrites who don't mind subsidies as long as either they are getting them or the industries they support get them! LOL

No the hypocrisy comes from the deceit of clean green energy getting shoved down our throats via carbon tax’s , meanwhile landfills are filling up with already outdated blades from windmills and toxic used solar panels that only made half the life expectancy with materials from open pit mines and rare earth minerals that are finite... no different than fossil fuels .

Anyway , it’s an endless discussion, like being on a hamster wheel , never ending .
There is a place for solar and wind to help with overall power grid . But in reality not as green and environmentally friendly as stated . The hypocrisy is totally ignoring that fact .

[tweety]

No the hypocrisy comes from the deceit of clean green energy getting shoved down our throats via carbon tax’s , meanwhile landfills are filling up with already outdated blades from windmills and toxic used solar panels that only made half the life expectancy with materials from open pit mines and rare earth minerals that are finite... no different than fossil fuels .

Anyway , it’s an endless discussion, like being on a hamster wheel , never ending .
There is a place for solar and wind to help with overall power grid . But in reality not as green and environmentally friendly as stated . The hypocrisy is totally ignoring that fact .

What does any of this have to do with a broke country giving 5 billion in subsidies to an industry that is supposedly "highly profitable" and mature?

[jazz]

But in reality not as green and environmentally friendly as stated . The hypocrisy is totally ignoring that fact .

cmon furrow, dont be set in your ways.

In case anyone needs an explanation, deforested mountain top for a 1Gwh solar array in china, covers 13 sq km.

[jazz]

.

[Guest]

cmon furrow, dont be set in your ways.

In case anyone needs an explanation, deforested mountain top for a 1Gwh solar array in china, covers 13 sq km.

[ATTACH]6863[/ATTACH]

Well shit , that looks way better than trees *
Hailstorm will be comical

[Oliver88]

Well shit , that looks way better than trees *
Hailstorm will be comical

Disposing those panels into a landfill once they are no longer good will do wonders for the environment as well.

[chuckChuck]

Some beautiful photos of our Albertan tar sands! And you guys are complaining about solar panels that can be removed and recycled and then you say nothing about the utter destruction of the oil industry in Alberta? Hypocrites!

[jazz]

Ha chuck let me know when the oil sands spins off a modern day slave industry.

This is a cobalt mine in Africa. Ethical energy my ass.

[chuckChuck]

Great to see you want to do something about slavery and living conditions for Africans. What are you proposing to do?

[chuckChuck]

Democratic Republic of Congo

Cobalt Mine production: 100,000 MT

The Democratic Republic of Congo (DRC) is by far the world’s largest producer of cobalt, accounting for roughly 60 percent of global production. The country has been the top producer of the metal for some time, even though its output decreased from 104,000 MT in 2018 to 100,000 MT in 2019.

As demand for cobalt rises, increasing attention is being directed at the DRC. However, cobalt mining in the country has been linked to human rights abuses, including child labor. Because of this, in 2017, Apple (NASDAQ:AAPL) temporarily stopped buying cobalt mined by hand in the DRC. Due to increased concerns about supply, the London Metal Exchange is also taking steps to ensure all the brands listed on the exchange are following responsible sourcing guidelines.

In addition, in 2018, congress in the DRC passed a revised mining law that increased taxes on cobalt, copper and other metals. Most recently, the country set up a new state company to buy and market all artisanal cobalt mined in the DRC with the aim of controlling the entire supply chain and boosting government revenue by having more influence on cobalt prices.

All that said, the DRC is likely to remain key to the cobalt market for the foreseeable future. Glencore (LSE:GLEN,OTC Pink:GLCNF) has interests in two mines in the African country, Katanga and Mutanda. Katanga is set to become the world’s top producer of cobalt, the mining giant says. However, Mutanda, the current largest mine in the world, was put on care and maintenance last November.