Argentina: 5 Billion for Shale Devel. Initiative

[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.

[jazz]

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

Easy, drill the hell out of western canada and call trump to buy it. Ignore all fake climate studies, paris accords and bogus unicorn tech.

https://oilprice.com/Latest-Energy-News/World-News/Canadas-Oil-Prices-To-Rise-As-Mexican-Heavy-Crude-Supply-Falls.html Canada’s Oil Prices To Rise As Mexican Heavy Crude Supply Falls

Nobody wants AB heavy crude right?

[chuckChuck]

Easy, drill the hell out of western canada and call trump to buy it. Ignore all fake climate studies, paris accords and bogus unicorn tech.

https://oilprice.com/Latest-Energy-News/World-News/Canadas-Oil-Prices-To-Rise-As-Mexican-Heavy-Crude-Supply-Falls.html Canada’s Oil Prices To Rise As Mexican Heavy Crude Supply Falls

So you going to stop using your smart phone and cordless tools that contain cobalt in the batteries? Because I don't see demand for cobalt falling with or without the tar sands.

I thought you were concerned about living and working conditions for Africans? Apparently not!

Interest in investing in the oil sands is so low that Jason (Chavez) Kenney is thinking of a socialist state owned oil company so that Albertan taxpayers can subsidize further development of the dirty and uneconomic tar sands and then pay for the clean up as well.

It will make Argentina's $5 billion dollar giveaway to gas companies look small in comparison!

Do you think Trump will want to buy oil from a socialist state owned company that subsidizes the oil? LOL

[tweety]

Or just stop using cobalt.

"Researchers from the ****rell School of Engineering at The University of Texas at Austin say they've cracked the code to a cobalt-free high-energy lithium-ion battery, eliminating the cobalt and opening the door to reducing the costs of producing batteries while boosting performance in some ways. The team reported a new class of cathodes -- the electrode in a battery where all the cobalt typically resides -- anchored by high nickel content. The cathode in their study is 89% nickel. Manganese and aluminum make up the other key elements."

https://www.sciencedaily.com/releases/2020/07/200716101612.htm https://www.sciencedaily.com/releases/2020/07/200716101612.htm

You're being sidetracked again. Why spend $5 billion in subsidies on a supposed "profitable" and mature industry?

[chuckChuck]

Engineers from Austin Texas helping to put oil workers out of business with better batteries? Don't tell Trump! How unpatriotic! hahah


Subsidies are okay as long as they are for the oil industry, agriculture and other "real wealth" producing industries. But not renewable energy!

The 35000 kwh my solar panels put out in a year and that run my welder and turn my aeration fans are not real! LOL

[Oliver88]

Why spend $5 billion in subsidies on a supposed "profitable" and mature industry?

It sure is crazy isn’t it and shouldn’t be necessary. Unfortunately for investment to happen in a country that has a weak currency, has endorsed socialism again, has a bad track record with bankruptcy they are desperate for jobs.

Google the history of Venezuela to see a good example of a resource rich country going over an economic cliff while ran by socialism. Get back to us with your results and what lessons could be learned.