• ides_of_Merch [none/use name]
    ·
    2 years ago

    embrace the new alternative economy based on growth

    "patriotic socialist" New Right radlib Maupin who lacks any materialist scholarship: "fracking disproves degrowth resource scarcity, we will develop innovations in the free market to solve any contradictions"

    Forbes columnist capitalist scholar (actually paid to do basic materialism): "Shale Gas Is Not A Revolution https://www.forbes.com/sites/arthurberman/2017/07/05/shale-gas-is-not-a-revolution/?sh=5d0dd6df31b5 "Today, most experts assume that gas abundance and low price will define the next several decades because of shale gas. This had led to massive investment in LNG export facilities. Both the assumption and its investment corollary should be carefully examined through the lens of history. Some analysts incorrectly believe that shale gas producers have already pushed costs so low through technology and efficiency innovation that sub-$3 gas prices will become the new normal. Although it is true that costs have fallen substantially, this is more because of deflationary pricing by the service industry than because of technology and innovation. In fact, the technology that enables unconventional oil and gas production resulted in a 4-fold increase in oil and gas drilling costs from 2003 to 2014 (Figure 8). Depressed demand since 2014 has resulted in a 45% reduction in drilling costs and this accounts for most savings."

    • panopticon [comrade/them]
      ·
      2 years ago

      New Right radlib Maupin

      Also Right-opportunist wannabe PMC Maupin

      Good post BMF :rat-salute-2:

    • Alaskaball [comrade/them]
      ·
      2 years ago

      Woah we get a BMF post on top of a spanky dunk post? Christmas must've came early.

    • zifnab25 [he/him, any]
      ·
      2 years ago

      Depressed demand since 2014 has resulted in a 45% reduction in drilling costs

      Go...od new for climate change?