It's all about money. If the writing isn't on a Benjamin, they're not going to read it. Lithium prices go up because of increased demand and all of a sudden dumping their oil money into how to get...
It's all about money. If the writing isn't on a Benjamin, they're not going to read it. Lithium prices go up because of increased demand and all of a sudden dumping their oil money into how to get it for cheaper makes sense.
Plus, they get to stop playing games with the Peak Oil graph.
Why is it infuriating? Isn’t this what you’d want to see? That a combination of market forces and political pressure is making companies like Exxon invest in renewables?
Why is it infuriating? Isn’t this what you’d want to see? That a combination of market forces and political pressure is making companies like Exxon invest in renewables?
I would like to see companies like Exxon go out of business. They don't get a free pass for spending decades spreading climate misinformation just because they had their "come to jesus" moment...
I would like to see companies like Exxon go out of business. They don't get a free pass for spending decades spreading climate misinformation just because they had their "come to jesus" moment after it's already too late.
Is it even that? Instead of having to do the research themselves, smaller companies did that work for then and can be purchased or crushed. They get all the benefit with pretty much no risk.
Is it even that? Instead of having to do the research themselves, smaller companies did that work for then and can be purchased or crushed.
They get all the benefit with pretty much no risk.
Yeah, it's really obnoxious because they very obviously have been trying to keep the world right at the brink while they milk that last bit of profit out of fossil fuels before there's no choice,...
Yeah, it's really obnoxious because they very obviously have been trying to keep the world right at the brink while they milk that last bit of profit out of fossil fuels before there's no choice, and they're keeping the field clear for them to then sweep in and take all the new industry territory.
I've always held that oil execs should be charged with crimes against the inhabitants of planet earth. It might sound extreme, but I think the consequences of what oil execs have done is arguably even more severe than something like genocide, just not as immediately obvious.
Their greed has marked every person, animal, insect and unicellular life form on this planet present and future. The main reason society can't comprehend how evil these people's actions are is because the time scales involved, but they're killing people now in floods and fires, as well as untold millions who aren't born yet who will struggle to survive on a depleted world.
Exxon earlier this year purchased 120,000 acres of a geological site in southern Arkansas called the Smackover Formation that is rich in lithium.
The company will start producing battery-grade lithium at the site as soon as 2027, and aims to supply enough of the mineral to support the manufacture of 1 million electric vehicles annually by 2030.
...
The U.S. is heavily reliant on imports from Argentina and Chile for its lithium needs despite having some of the largest deposits of the mineral in the world, according to the U.S. Geological Survey. The U.S currently has just one commercial-scale lithium production operation, in Nevada.
Demand for lithium batteries is expected to surge sixfold in the U.S. by 2030 as the nation shifts to electric vehicles, according to a February report from Li-Bridge, a battery industry group backed by the Department of Energy.
...
Exxon is deploying drilling techniques used in oil and gas extraction to access saltwater reservoirs rich in lithium that are 10,000 feet below ground. The lithium is separated from the saltwater and turned into battery-grade material onsite, according to the company.
If they're going based on fracking practices, absolutely. Just dump the water back down there and lobby against any research that links it to increased seismic activity! But, I had to know more,...
If they're going based on fracking practices, absolutely. Just dump the water back down there and lobby against any research that links it to increased seismic activity!
But, I had to know more, which led me to this Bloomberg article which claims they've been trying to pull the lithium from fracking wastewater... So my glib remark was spot on - pumped back down most likely.
Might as well be desalinated and cleaned and used as drinking water. With other salts (than lithium ones) being separated and used somewhere in the industry chain. That said - I don't have a clue.
Might as well be desalinated and cleaned and used as drinking water. With other salts (than lithium ones) being separated and used somewhere in the industry chain.
I hope Exxon dies and goes out of business. Even if they move to other industries they are without any moral scruple and ruthless beyond measure. Renewable energy should be an opportunity to get...
I hope Exxon dies and goes out of business. Even if they move to other industries they are without any moral scruple and ruthless beyond measure. Renewable energy should be an opportunity to get rid of these kinds of companies.
Just take a look at their Wikipedia page to get an idea of the kind of things that they've done.
I think it would be a good thing if this particular project succeeded, though, despite the company’s history. It sounds like it’s a job for an oil and gas company of some sort? Someone needs to...
I think it would be a good thing if this particular project succeeded, though, despite the company’s history. It sounds like it’s a job for an oil and gas company of some sort? Someone needs to put money into it and take the risk.
Watching all these companies who’ve stymied progress suddenly pivot now the writing is on the wall is so infuriating.
It's all about money. If the writing isn't on a Benjamin, they're not going to read it. Lithium prices go up because of increased demand and all of a sudden dumping their oil money into how to get it for cheaper makes sense.
Plus, they get to stop playing games with the Peak Oil graph.
Why is it infuriating? Isn’t this what you’d want to see? That a combination of market forces and political pressure is making companies like Exxon invest in renewables?
I would like to see companies like Exxon go out of business. They don't get a free pass for spending decades spreading climate misinformation just because they had their "come to jesus" moment after it's already too late.
Is it even that? Instead of having to do the research themselves, smaller companies did that work for then and can be purchased or crushed.
They get all the benefit with pretty much no risk.
Yeah, it's really obnoxious because they very obviously have been trying to keep the world right at the brink while they milk that last bit of profit out of fossil fuels before there's no choice, and they're keeping the field clear for them to then sweep in and take all the new industry territory.
I've always held that oil execs should be charged with crimes against the inhabitants of planet earth. It might sound extreme, but I think the consequences of what oil execs have done is arguably even more severe than something like genocide, just not as immediately obvious.
Their greed has marked every person, animal, insect and unicellular life form on this planet present and future. The main reason society can't comprehend how evil these people's actions are is because the time scales involved, but they're killing people now in floods and fires, as well as untold millions who aren't born yet who will struggle to survive on a depleted world.
From the article:
...
...
Anyone know what happens to the tailings, the salt water in this case? Just gets pumped back down into the reservoirs?
If they're going based on fracking practices, absolutely. Just dump the water back down there and lobby against any research that links it to increased seismic activity!
But, I had to know more, which led me to this Bloomberg article which claims they've been trying to pull the lithium from fracking wastewater... So my glib remark was spot on - pumped back down most likely.
Might as well be desalinated and cleaned and used as drinking water. With other salts (than lithium ones) being separated and used somewhere in the industry chain.
That said - I don't have a clue.
Why? I’m pretty sure Arkansas has easier sources of drinking water than desalinating brine? They’re not exactly Saudi Arabia climate wise.
Just tried to provide (somewhat) logical answer. They won't desalinate it if there are no money for them in doing so anyway.
I hope Exxon dies and goes out of business. Even if they move to other industries they are without any moral scruple and ruthless beyond measure. Renewable energy should be an opportunity to get rid of these kinds of companies.
Just take a look at their Wikipedia page to get an idea of the kind of things that they've done.
I think it would be a good thing if this particular project succeeded, though, despite the company’s history. It sounds like it’s a job for an oil and gas company of some sort? Someone needs to put money into it and take the risk.