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fundatus | 1 month ago
> “Our industry continues to face difficult market dynamics and challenging energy costs, with European gas prices around three times higher than the US,” Arnaud Valenduc, business director for Ineos Inovyn, the Ineos business that makes chloromethane, says in the press release.
padjo|1 month ago
I'm I'm favour of increased renewables, but we need to be truthful about the costs. A fully renewable energy system is probably always going to be more expensive per unit than a fossil fuel based one.
jahnu|1 month ago
No probably not at all unless you mean in the short term. The fossil industry gets way way way more financial support. The externalities of fossils are costing us incredible amounts of money, health and lives and will do for many many decades if not centuries to come. Renewables are now cheaper than nearly anything despite decades of suppression by the fossil industry.
https://www.imf.org/en/blogs/articles/2023/08/24/fossil-fuel...
https://ourworldindata.org/how-much-subsidies-fossil-fuels
https://www.eesi.org/files/FactSheet_Fossil_Fuel_Externaliti...
https://www.irena.org/News/pressreleases/2025/Jul/91-Percent...
https://sps.columbia.edu/news/fossil-fuel-industrys-ceaseles...
dr_dshiv|1 month ago
https://en.wikipedia.org/wiki/Groningen_gas_field
hvb2|1 month ago
The real reason it's off limits is simply because of externalities. The NAM just doesn't want to pony up the the money to pay for repairs of houses. It's rare for that to backfire like this in the fossil fuel industry.
Might not be a bad call to leave it. I'm sure we'll find a novel use for natural gas decades down the line which might be way more valuable than just burning it.
DrBazza|1 month ago
Record energy costs are a thing. If solar and wind are 'free', why have European energy prices risen so much?
The real-world contra-indicators are the USA, China and pretty much any country outside the groupthink of the G20.
Whilst state interference is a factor, more tellingly they haven't slavishly followed the suicidal empathy of being 'green' and shutting down nuclear and fossil fuel power plants before a sufficient replacement was available.
breakyerself|1 month ago
Synaesthesia|1 month ago
The real reason is because Europe cut itself off from cheaper Russian gas.
fundatus|1 month ago
cm2187|1 month ago
ZeroGravitas|1 month ago
Iowa, South Dakota, Kansas, Oklahoma have around 50% wind and 10 cent electricity.
When comparing EU states, the correlation is more about who taxes electricity and who builds wind. Comparing pre-tax prices has a very slight downward trend as the country has more wind.
You see a lot of propaganda graphs online that have the EU states clustered in the top right and a cluster of unlabelled Petro states and dictatorships who subsidize electricity in the other quadrant.
The intended implication is that you should emulate the countries they are afraid to name because it would make their graph ridiculous.
matsemann|1 month ago