Originally posted by MrPresident
Also there are an increasingly amount of oil spills which is hardly surprising considering the increase in the amount of oil used.
Don't think there are increasing numbers of oil spills at all - I think they are in fact less. Maybe they are being reported more though (all releases must now be reported tpo the EA and HSE).
I thought (please correct me if I am wrong) but don't they get the hydrogen from water? Also if I am wrong, could you explain why the production of hydrogen is pollutant.
Yes, you can get hydrogen from water. However, the most common way of doing this is via electrolysis. However, the electrolysis can lead to Ozone and NOx formation, which contributes to smog. Electric cars also produce ozone and NOx, and hence also cause smog.
Is hydrogen that dangerous? People used to think that it caused the Hindenburg disaster but it was proved that it didn't (something to do with the what they put on the cloth).
Yes, I saw that. However, that was just referring to the mechanism that started it off. Hydrogen will burn in air at concentrations of anywhere between 5% and 95% hydrogen. Methane (for example) will only burn between 5% and 15%, and heavier hydrocarbons will only burn ov er even smaller concentration ranges.
I think the loss of jobs from the oil industry is kind of inevitable. And does anyone else feel uneasy about the oil industry being the biggest researchers into hydrogen energy? I know it makes a lot of sense but don't they have an interest in keeping the oil industry going as long as possible (due to the large amount of money they spent on the infrastructure). Shouldn't it be more of a government responsiblity.
Don't think of it as the 'oil' industry, think of it as the "energy" industry. Most multinationals (BP, Exxon, Shell, Conaco etc) have interests in solar, hydro, chemicals,
renewables and natural gas as well as oil. Yes, there will be losses of jobs in the oil industry, but (hopefully) there will be new jobs created in the other sectors of the energy industry.
In terms of sunk capital, payback of oil developments are generally only economic if they pay back in a few years - if they don't, the prospect is simply not developed (until technology improves). Hence, sunk capital is not the driver that it may seem to be. There is a lot of drive to improve technology to increase recovery from existing developments though - current ultimate recovery for oil is only around 35% - better technology means more production with limited extra investment.
It is actually in the interests of the energy companys to develop renewable resources. 1.) They are inevitable, so the energy giants want to keep up with the rest of the industry; 2.) A breakthrough technology would make the developer billions. Any energy giant would love to be that developer; 3.) Political and Public pressure (and marketting - BP now advertise themselves as "beyond petroleum".
Why should the Government get involved when there are lots of public companies already investing in this area? Government should only intervene when a monopoly threatens.