Finland Goes Negative on Electricity Price

Surprised bitcoin miners aren't lining up to get some of that.

 

This is where you need storage. It can sub optimal efficiency.

 

Indeed. Hasn’t Iceland been in this boat for a while? I believe they are considering building a connection to Europe so they can sell their excess power.

 

Geothermal energy abundance. It's smart more for them, because aluminum takes massive amounts of energy to produce from alumina... even more from raw bauxite.

 

I think President Trump was trying to do this here with oil. Remember we dipped below zero $ per barrel there for a bit. I see Scandinavian countries are now trying to follow his example. God, I just hope Mr. Trump finds a way to win in November 2024. He’d have this stuff fixed right away.

 

The price drop in oil was due to lack of storage at Cushing. Not attributable to any politician. The two have nothing to do with each other

 

The ideal long term goal would have Fusion/nuclear with surplus being used for Carbon capture. If someone could develop the process from electricity to turn CO2 to Oil, that would solve alot of problems.

 

If he can shut the economy down with another pandemic like he did with Covid, he might have a shot at zero oil prices.

 

DoD To Prototype Use of Synthetic Fuels for Contested Environments

 

Oil prices went negative in 2020 because virtually the entire world stopped driving and flying at once and there was nowhere to store oil, not because of anyone's long term energy policies, Republican or Democrat.

Negative oil prices are a complete disincentive to oil production, was that Trump's goal, to stop producing oil? Don't oil prices need to be about $50/bbl to even justify drilling?

 

Trump was harsher on Russia than Biden was pre-invasion. And Trump’s doctrine of drill baby drill only served to weaken Russia’s hand. It was only after Biden lifted sanctions on Russia, his policies led to higher oil prices and our debacle in Afghanistan did Putin feel so emboldened to launch a full-scale invasion of Ukraine. That’s why even though your side likes to push the Trump/Putin narrative that Putin didn’t move an inch when Trump was at the helm. Russia’s hand was much weaker with the depressed oil prices during Trump’s term, with or without Covid.

 

Putin didn't want to risk the gazprom 2 pipeline approval by Germany. Absolutely nothing to do with Trump or Biden. Once that pipeline was approved and built Putin was certain that EU addiction to cheap gas would overcome the momentary military action required to take Kyiv and install his puppet. Your understanding of events is seriously lacking in reality.

Fyi, oil production in US has went up under this administration and on track for a record in 2023

The U.S. Oil Industry Is Trending Toward A Record-Breaking 2023