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Ima just leave this here, Climate Town’s discussion of Natural Gas (or what we call Methane. Fart gas.)
He explains how it’s a LNG is really fucking everyone over. Some points:
- NG infrastructure is leaky and causes lots of non-point-source pollution.
- Methane was supposed to be a transitional energy source as we moved towards renewables, but instead we’re leaning heavily on methane while China is securing all the science patents and materials for solar.
- LNG is super inefficient. I think like 20% of it is used up in the liquification process, which is required for transit overseas. This is to sell it to nations abroad.
- Since we’re really trying to get to renewables, everyone buying LNG is a jerk, and everyone selling it is also a jerk.
- If even one of these supertankers has a rupture incident, it will fuck the Earth, and I’ll be sore as I watch wildfire ravage California, and by east coast buddies get hammered by hurricanes. Also we’ll be closer to permanent drought and then global famine.
- Seriously, Methane is bad. NG infrastructure should be moved away from as quickly as possible. LNG is really extra super bad, and can ruin our kids’ futures.
For anyone seriously considering this: don’t.
“The LNG market is set to rapidly grow” is a lie. Economies are shifting away from fossil fuels, and i guess by 2040 no metric ton of fossil fuels will be transported anymore.
This is a waste of money. They just want to get rid of their end-of-use LNG tankers. So they are looking for idiots to buy them.
I dunno about that. Based on this US data, its use seems to be expanding, even more so than renewables: https://www.eia.gov/energyexplained/us-energy-facts/
This graph in particular shows this:
Pfft idk, seems like maybe you just want to buy up all the tankers for yourself.
no no, in fact i can sell you mine, too, if you want to, for a meager $24 million. same model as in the picture
$18,500,350 and you got yourself a deal!
For anyone seriously considering this: how the fuck did you end up with that kind of money in your early twenties? Either you’re business savvy in which case you won’t consider this or daddy’s rich in which case you should talk to your dad first.
You get a small loan of 20 million dollars from your patents, obviously
I’ll assume you mean parents because you’d have to be one heck of an inventor
or find the right sucker
Considering the value of the cargo, if you had that type of money to throw around, you could probably make a pretty profit. Fully loaded one of these tankers holds between $100,000,000 to $200,000,000 of LNG.
Assuming a modest 3% profit margin, though I suspect that you could achieve 5% easily, you’d pay back the ship with 4 full shipments. Since at 3% you’d have 6 million in profit per trip.
by 2040 no metric ton of fossil fuels will be transported anymore
I seriously doubt it. Many countries are decarbonising like the UK has by getting rid of coal fired power stations and switching to renewables plus gas, because gas is a good way to solve the intermittency issues you get with many renewables. 2040 is not very far away, on that timescale the demand for LNG may actually go up.
Too late, already bought 5
Wow, you must be loaded. My bank only allowed me to take out a loan for 3.
Me when I spread misinformation online!
Economies are shifting away from fossil fuels, and i guess by 2040 no metric ton of fossil fuels will be transported anymore.
We’ve got far too much legacy infrastructure and far too little public investment to ditch the vast number of small, cheap, highly lucrative LNG electricity plants scattered through North America and Western Europe.
And with energy demand continuously outpacing supply in the near future, even the green power we do build will be absorbed by the electricity ravenous date centers we’re constructing.
Could LNG tankers be retrofit to move Hydrogen? I could see some potential there.
For some reason the bank won’t let me take out an 8 figure loan to start my international piracy business. I’ll be starting up a gofundme.
All you need to do is find a stretchy guy made of rubber
You’ve got to stare hard at the bank manager and say, “look at me. I’m the borrower now.”
I’d probably invest 20 Million USD into producing open source Camera Bodies/Frames and Routers. As a side job I’d produce reclaimed/refurbished capacitors. As a venture I would invest in brine pit water electrolysis with a pendulum separation second stage to produce petrol salt byproduct, Oxygen, and Hydrogen while also cleaning up groundwater contamination.
The components for both camera bodies and routers are cheap but the end result gets sold for hundreds of dollars, and in fact there are very few options that aren’t filled with proprietary firmware and are difficult to open or service.
The capacitors I expect to work as my retirement. In a transition to solar and hydrogen economy they will forever be in demand, and can even be sold for profit currently if you buy in bulk and fashion in home capacitors to limit high-usage surge pricing of utilities to a minimum.
The venture I spoke of almost certainly will operate at a loss. Even if the hydrogen and oxygen are valuable, and even if you can find a use for the salts, it’s going to cost a metric butt-ton of electricity to operate: first for the pumping, second for the electrolysis. Secondly, the equipment would need constant maintenance and could be hazardous under high (and efficient) load.
…I mean, I don’t think my bank’s overdraft policy is gonna let me go THAT deep into debt
It’s okay we’ll pay for the rest in apple cards
Is this still available?
BRB, gotta check between the sofa cushions.
Hang on, I’ll ask my bank to give me a small loan of $20 million. I’m sure they will not laugh in my face and tell me to go fuck myself.
Have you tried asking mom and dad?
Maybe If you cut back on morning coffee and avocado toasts, you wouldn’t need a $20 million loan.
Nah, they’ll laugh at first, but then you’ll get taken upstairs and Jamie will open a bottle of your favorite Tequila, telling you that he thinks you need an even bigger credit line than you applied for.
Wait, you don’t run a wildly unprofitable company “worth” several billion dollars where you can use your equity as collateral for the credit line? Welp, sounds like a you problem.
Not a me problem. I blame my parents for trying to be good humans and teaching values instead of just enslaving people in apartheid-ridden emerald mines.
Tbh this particular joke was a reference to the WeWork fiasco and specifically the show WeCrashed, where the founder goes into JPMorgan Chase and asks for a 50 million line of credit after being pre-approved for 20k, then asks the clerk to google him and then gets brought to the bank’s CEO instead.
Of course, Adam Neumann was also a huge fraud, comparable to Musk in that both have been known to promise the world and deliver shit.
The guy I had told me to pull myself up by the bootstraps and I ended up finding $20 mil in my sock
Power of hard work and sacrifice right there, a true testament to the spirit of capitalism. If you can, all can.
Thank you mister president. I really want to thank you for what you’ve done for social media, politics, reality tv, MaCaulay Culkin, Chik-Fil-A, McDonald’s, diapers, Elongated Muskrats, (REDACTED), (REDACTED), (REDACTED), and the rest of you know whats up (REDACTED)
(END OF TRANSMISSION)
Somebody is trying to sell LNG tankers to rich idiots. We’re not switching to LNG, that was the 1980s through the 2000s. Solar, wind, and batteries are coming online. So LNG ships are actually starting to be replaced by battery ships.
If LNG was still a good ship to be purchasing, they wouldn’t be selling them off.
All due respect, wtf is a battery ship
Does the word “battery” or the word “ship” confuse you?
Wow you got me
Battery runs the ship, running ship charges the battery.
Profit?
Why use battery when nuclear reactors are significantly cheaper per MWh?
wtf is a battery ship
I found that page too but I don’t think that is what OP was talking about
Of course it is, very effective for forcefully replacing LNG tankers!
Haha well that’s one way to do it
Are you able to show me some of these battery ships replacing LNG ships?
Have never seen a battery ship before? How do they unload? How fast?
yeah uh… im also kind of unsure what OP meant here. there is no direct battery analogue to an LNG tanker because there’s nothing to tank. ships that run partially or entirely on batteries are absolutely a thing, but they’re not doing it in order to move the energy around.
Surely this is satire, right?
The original was a fancy watch
Interesting! This background story makes it much funnier: https://www.dailydot.com/memes/buy-a-rolex-go-into-debt-if-you-have-to-meme/
Does a regular ol’ Rolex actually ever appreciate?
Never thought of buying one and honestly couldn’t afford at the moment, but maybe start a small collection when I’m 40 or 50 so I’d have something to hand down to the kids besides boring-ass money?
Then again if I really wanted to flex that bad, I could just walk into a Ferrari dealer in shorts and a t-shirt and buy one. If I was rich enough to avoid Rolexes in the first place because apparently a Ferrari is like 4 or 5 watches.
There are certainly better investment options. You don’t see Jeff Bezos sinking his fortune into Rolexi
Oh definitely. You can’t really go wrong with an index fund tbh. I meant that as more of a theoretical: Suppose that you want to leave your (grand)kids something with sentimental value that also appreciates in monetary value, would a Rolex collection fulfill that purpose?
If you have $20 million you can just live off the interest and chillLine must go upAm about $140k in debt right now. Housing ain’t cheap
“Get an LNG tanker. Bitches love an LNG tanker.”
Especially if you put some tanker nuts on the back where the trailer hitch is
I can imagine the raucous laughter behind me as I exit the bank, fist clenched in anger and face red with embarrassment, after explaining to the loan officer that I needed $20m to purchase an LNG tanker but also that I have never been a sea captain, don’t know anything about natural gasses, and have no supply chain for acquiring or selling the product that said tanker is meant to distribute.
Nah, I’m good. I’ll stay poor.
see this is the kind of poor person thinking that will not get you anywhere. This dude here is sharing the secret to infinite money, and you just shrug it off
I hear LNG tankers are the new Bitcoin.
You misspelled methane the natural gas that kills the populous as lng.
Eh. Methane is worse when it’s released as a gas than when it’s burned and released as carbon dioxide. If you drive by oil refineries in Beaumont, TX, you’ll see them burning off methane–flaring–because it’s a byproduct of oil refining. Is any of this great, or even good? No; any way you slice it, it’s all greenhouse gasses. OTOH, there are far fewer other pollutants with LNG than there are from coal-fired plants, and we don’t yet have the capacity to generate sufficient power using renewables or nuclear. (Meanwhile, a lot of hydro power is at risk because climate change has shifted rain and snow patterns so that rivers and reservoirs are drying up so that we’re losing that source of renewable power.)
yeeeah but:
the impacts of methane releases which spike with burnoff impact the atmosphere for decades. we’re continuing to feed it.
coal - for all it’s wretched problems from heavy metals to black lungs - added particulates that cut down on absorbed heat in the atmosphere.we’re seeing the same unanticipated effect with the move from the worst bunker fuel (high sulphate) may let in more heating energy because we’re taking the worst fine particulate exhausts out… https://www.carbonbrief.org/analysis-how-low-sulphur-shipping-rules-are-affecting-global-warming/
some times you’re damned if you do and you’re damned if you don’t. That said, both the transition to cleaner fuel and the end of coal need to happen, but also we need to start planning for the end of LNG as well.
good luck, have fun friends
I remember the 80s when high sulphur coal was the norm, and we had problem with the sulphur emissions causing acid rain; I def. don’t want to return to that…
Related - I saw a science alert that speculated that we could buy time to cut carbon emissions by seeding the atmosphere with superfine diamond dust; it would both block and reflect solar radiation. The downside? About $250T in cost.
I remember the 80s when high sulphur coal was the norm, and we had problem with the sulphur emissions causing acid rain; I def. don’t want to return to that…
ah yes, my youth…
edit: $250 per ton sounds cheap if it works.
of course it’ll probably blind the penguins or some other horrible shit. monkey’s paw we live in and all.
