Yes, OK, blah, blah, but if you’re going to do an economic analysis you do actually have to be able to do an economic analysis.
Actually, as an accountant, Snippa should at least be able to do sums:
It also destroys the economics of fracking, which have always been almost incomprehensible given the massive up front costs and the remarkable fall off of yield after only a couple of years of production.
Massive costs? A fracking well costs perhaps $10 million to get up and running. A conventional oil field $10 billion perhaps these days. Which one is massive?
And as to the up front. Near all of the costs of renewables are in CapX, some of the costs of fracking are in OpeX. Which, therefore, is more upfront?
That is, in an accounting or even economic sense the joy of fracking is that it has lower upfront costs than the two major alternatives…..