It is only interesting, Hobbit, in so far as it is a study of how delusional people become when they jump on the "renewables will save the world" bandwagon.
"I think that's the other reason I'm kind of skeptical about this whole notion of beating our chest about American energy independence when the world is rapidly moving away from nonrenewables." Yet this isn't true at all, the world isn't moving rapidly away from non-renewables. Last year natural gas saw the largest jump in demand on a worldwide basis. Oil demand was also up 1.8%. Renewables also grew. https://www.bp.com/en/global/corporate/energy-economics/statistical-review-of-world-energy.html
Nor is it correct to suggest that the US is not investing in renewables. The US has been very aggressive, especially in deployment of wind turbines. https://about.bnef.com/blog/solar-e...all-2018-cutback-china-lower-equipment-costs/
A good energy policy develops a diverse portfolio of cost-effective energy sources, with a bias toward domestic sourcing. Renewables are a growing portion of that portfolio, but renewables have inherent limitations due to factors such as low energy density, relatively low capacity factors, and the random intermittency of supply. These limitations may never be overcome. If they are overcome, my guess is that it will be a long, long time from now. So, I wouldn't get carried away with the peak oil/gas thesis. If we are peaking, it's going to be a very long, gradual decline.
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Mkt cap ! $6.878M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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8 | 1817539 | 0.5¢ |
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Price($) | Vol. | No. |
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0.6¢ | 3218872 | 8 |
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5 | 2080249 | 0.003 |
2 | 1150000 | 0.002 |
3 | 3601998 | 0.001 |
Price($) | Vol. | No. |
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0.006 | 3218872 | 8 |
0.007 | 476970 | 3 |
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