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>and gov tax credits are a piss in the ocean ...
And they accounted for even less of our total tax revenues, so
why eliminate them? The point here is not only do the
feds not support alt. energy, they've made an effort to
eliminate incentives that were on the books. Moreover,
those credits were also to promote the use of existing technology
that was cost effective. My own experience was with solar
water heaters in Hawaii and commercial lighting retrofits
circa the 1980's: it worked then, it works now.
I agree much of what is out there now is not cost effective, but
I expect the breakthroughs will not come from the oil
companies, but from some small entity. Look at our entire
history, even recently, the quantum leaps started with
individuals or small groups.
BW
----- Original Message -----
From: <tradejack@xxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Monday, September 17, 2001 4:16 AM
Subject: Re: edgy situation -- controling energy sources
> it depends on what your definition of alternative energy technologies is.
it can be photovoltaics, geothermal, windpower or even oil! yes oil, such as
ternary and quaternary oil recovery methods (miscible or immiscible co2
floods, exotic polymer floods), shale or synthetic oil, and so on. the
majors have been working on these for decades, but the main problem is that
the input energy is way greater than output energy, and as such, most are
uneconomical even at today's oil prices. and gov tax credits are a piss in
the ocean with regard to development costs. these guys work to make a profit
and alternative energies are largely cash blackholes. a barrel of oil and a
mmcf of gas still represent the best bang for the energy buck since nuke
plants are a eco no-no. exotic methods are just too costly to develop and
uneconomical to operate even for big international oils.
>
> TJ
>
> btw reagan cut a deal with the saudi's for cheap oil that damned the
domestic oil industry to hell in '85...reagan was not a friend of the
smaller oil companies although that's where he got a lot of his support
>
> >Keep in mind those old tax credits rewarded actually DOING something
> >with alt. energy. So if the oil companies reduced consumption of oil
> >they should be rewarded....just like all the little companies they and
> >"our" government eliminated in the 1980's.
> >
> >BW
>
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