Drilling for oil and natural gas in shale rock is supporting 1.7M U.S. jobs this year - ~360K...

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smarton Comments (42)
 
Correct. You can not employ people in harnessing solar or wind energy, or in improving energy efficiency, or in any other industry that is less destructive.

No, because that would require reasonable incentives. Those incentives would definitely not appeal to the author's convictions... err.. pocketbook.
23 Oct 2012, 07:19 PM Reply Like

bigbenorr Comments (477)
 
Like it or not, the world's populace is demanding the production of crude oil, and they don't care about solar or wind. They may claim it but actions speak louder than words. Until that changes, there will be far more jobs in oil and gas than renewable energy.
23 Oct 2012, 07:36 PM Reply Like

OptionManiac Comments (3064)
 
There would be no fracking if over $100 million of taxpayer dollars were not spent on the research, most of industry thought the idea was ludicrous and wouldn't do the R&D.
23 Oct 2012, 09:01 PM Reply Like

bigbenorr Comments (477)
 
What the hell are you talking about? Halliburton pioneered hydro-fracking back in the 50's, and it had been done before that as well.
23 Oct 2012, 09:39 PM Reply Like

OptionManiac Comments (3064)
 
http://bit.ly/P1GlfE
24 Oct 2012, 06:06 AM Reply Like

bigbenorr Comments (477)
 
Hydro fracs were going on way before Mitchell. Yes the government provided him funding and he applied it to tight shale gas, but as I said, fracturing was made commonplace by Halliburton.
24 Oct 2012, 10:53 AM Reply Like

SoldHigh Comments (683)
 
O&G is profitable.

It works.

As alt ene becomes viable, it will grow but not before then (nor should it).
23 Oct 2012, 07:51 PM Reply Like

smarton Comments (42)
 
That's why I talked about incentives. I'm not gonna write novels, but that should get people thinking. Where do incentives come from? Who controls them? Why are externalities not incentives? (Because they're externalities, duh). Is there an argument that they should inform incentives? If the incentives reflected externalities, would O&G be just as profitable versus alt?

The market economy has almost no concept of sustainability, no such incentives. Do you just let it drive you off the cliff?
24 Oct 2012, 03:53 PM Reply Like

Hendershott Comments (1057)
 
Actually we have a lot of jobs in solar here, just not in panel production.
23 Oct 2012, 09:35 PM Reply Like