🧵 with some wild facts such as:
“Renewables-plus-storage is so cheap that in large parts of the world it is cheaper to build a whole new clean power plant than just pay for the fuel and maintenance for a fully-depreciated gas generator.”
Benjamin Braun
People are still underestimating how much the prospects of LNG growth in Asia are totally busted.
Even setting aside the Hormuz factor, the economics are just brutal: 🧵
www.bloomberg.com/opinion/arti...
Exxon Mobil Corp. appears to think buying an Australian LNG producer might be the best way to make the most of global energy markets after the re-opening of the Strait of Hormuz. That could be a costl...
