"Parabolic Oil" Ahoy?, page-2

Great article.

I'd like to make a few points though.

First up, renewables are the cheapest future energy source in much of the developing world, and becoming more so by the day. Solar panels on roofs in tropical countries are taking off big time because they're cheaper than coal. Huge solar farms with next generation battery tech/ and/or hydrogen for peaking from places like Oz could well be the ultimate destination.

Wind has been the cheapest energy source in Oz for years and every year becomes more so. If you want to see an example of a company that has discounted 'woke' renewables for carbon intensive generation, just look at the disaster that is AGL.

the latest distillation of cutting edge, conservative peer reviewed science, (peer reviewed science of course being the basis of much of the progress of human civilization over the last few centuries), says the world has 12 years worth of current carbon emissions to be EVER emitted before irreversible tipping points are breached. So, dramatic changes must occur extremely quickly or utter disaster will occur. The only way as far as I can see would be for Glasgow to mandate immediate and dramatic carbon reduction, and enforce heavy carbon tarrifs on any country that doesn't comply. The head of the IEA has said that no new oilfields or coal mines must be developed, and coal phased out rapidly. You could gamble that Glasgow will sit on its hands, but in so doing you assume people are happy to see their children's futures destroyed. Deloitte says $4 Trillion damage to Oz alone by 2070. Insurance companies have started raising premiums. Company boards are coming around. Massive investments in renewable and battery tech are flooding in. Yes, hzn is in a wonderful place in the meantime, helping fill the gap, but my suspicion is that the gap will close faster than we think.

One of the reasons I'm happy to invest in hzn is because they seem ok with running down existing assets and not developing new ones. To develop new oil fields would put us at serious risk of ending up with stranded assets, or at least much less profitable ones...

So yea miscalculations have been made that mean we're on a winner here, but the end reality is clear. Very much hoping our board navigate the future wisely!