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Laying The Base For A Hydrogen Economy In The U.S. — Alan Mammoser

Summary:
It's happening.I recall listening to a panel on alternative energy some time ago, maybe around fifteen years ago. One of the panelists was a VP of Exxon. He said that Exxon was "an energy company," and it was already preparing for hydrogen back then (Toyota had shown an experimental engine).He said that the obstacle is not tech but rather cost. He also said that the switchover would be expensive and people would be unlikely to pay higher prices. Therefore, without government mandating a switch, it wouldn't happen soon. And  if the mandate was partisan, then that party would suffer a big hit politically.They had clearly gamed this.Oilprice.comLaying The Base For A Hydrogen Economy In The U.S. Alan Mammoser

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It's happening.

I recall listening to a panel on alternative energy some time ago, maybe around fifteen years ago. One of the panelists was a VP of Exxon. He said that Exxon was "an energy company," and it was already preparing for hydrogen back then (Toyota had shown an experimental engine).

He said that the obstacle is not tech but rather cost. He also said that the switchover would be expensive and people would be unlikely to pay higher prices. Therefore, without government mandating a switch, it wouldn't happen soon. And  if the mandate was partisan, then that party would suffer a big hit politically.

They had clearly gamed this.

Oilprice.com
Laying The Base For A Hydrogen Economy In The U.S.
Alan Mammoser

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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