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semi_infinite

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semi_infinite

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Friday, 03/19/2021 3:22:42 PM

Friday, March 19, 2021 3:22:42 PM

Post# of 29655
Renewables CapEx approaching that of o&g CapEx. Big difference is that much of o&g capex is maintenance treadmill so not much new energy addition per $ spent. Renewable Capex mostly new production with zero decline rate.

https://www.rystadenergy.com/newsevents/news/press-releases/renewables-spending-set-for-new-record-in-2021-luring-service-suppliers-as-oil-and-gas-gap-narrows
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