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pjscott | 11 months ago
Another possible motive, mentioned in the the paragraph you quote, is that the oil companies see an energy transition coming and are trying to get aboard the hydrogen train to diversify their future revenue sources. And that sounds like a reasonable motive; the sort of thing that people who don't see themselves as evil villains – i.e. the supermajority of people – could embrace.
iamthemonster|11 months ago
The idea is to stimulate demand for "green-ish" hydrogen (that is by grid-connected electrolysis); once demand for the hydrogen is there, it can be supplied by blue hydrogen. The O&G companies aren't super keen on green hydrogen made by dedicated renewables off grid, and they LOVE the approach of "we'll start off with grey hydrogen then we'll move to blue and green in the future".
This is very specifically a strategy to increase the amount of natural gas that can move from resources to possible reserves to probable reserve to proven reserves. That's how you increase the value of your company, which is how you get a fat bonus as a CEO.
You don't get a fat bonus by telling the truth or being right.
jasonkester|11 months ago
thaumasiotes|11 months ago
I thought it was methane. Wouldn't that be 80% hydrogen on a molar basis? (Or... 67%, if we're counting moles of molecular hydrogen?) Is the discrepancy coming from impurities, or different types of fuel, or what?
xbmcuser|11 months ago
belorn|11 months ago
It is hard to see whose promise of a bright future seems most realistic.
lostlogin|11 months ago
It is promoting electric cars fairly forcefully.
casey2|11 months ago
nyokodo|11 months ago
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dwaltrip|11 months ago
Guthur|11 months ago
danaris|11 months ago
If they're saying or doing something that would stand in the way of or compete with the existing rise of renewable energy, even without any specific evidence, I believe it is fully justified to say they are doing it for selfish reasons that will harm literally every other human being on the planet.
whalesalad|11 months ago
https://en.wikipedia.org/wiki/General_Motors_streetcar_consp...
It’s why we don’t have rail in the US like you see in Europe. At one point in time we had a ton of rail and streetcar networks but these groups destroyed it all because it was a threat to their business. For oil companies, so is hydrogen.
staunton|11 months ago
Hydrogen is no threat to oil and gas companies, quite the contrary, as discussed by comments all around.
For example, they can produce hydrogen from fossil fuels and justify expanding gas infrastructure while talking about some "future transition".
andrepd|11 months ago
ryanmcbride|11 months ago
namaria|11 months ago
mixermachine|11 months ago
m463|11 months ago
I remember natural gas vehicles (busses and cars, like the honda civic). You could actually fill up at home if you had natural gas, but the electricity just to compress the natural gas for the car cost as much or more than the compressed fuel in the car.
For hydrogen, it is even harder. take a look at cars running compressed hydrogen. I remember $17 for the equivalent of a gallon of gasoline. I think it is even more expensive now.
Easier to burn CH4 than use energy to split out the H2, then compres it, then store it.
I actually think solar is better.
navane|11 months ago