Enjoy the "low" inflation - oil prices jumped nearly 10% literally right after this report. This is due entirely to (not unexpected by some) slow resumption of growth by China after ending its lockdowns combined with some US/EU trade friction; it is far from clear this is going to hold up. The US took well over a year after lockdowns to "get back into the swing" including massive COVID subsidies. We shall see how China actually performs.
Re: CO2 removal
I see this as a scale problem, not a technology problem and therefore not solvable by technological solutions.
In particular, I calculated how much electricity would be needed to just pump the pure CO2 generated by emissions in 1 year; it was something like 2% of human used electricity. Multiple by 2380 (the inverse of 420 ppm) and the whole situation is just ludicrous.
A separate calculation based on what I am working on: if all of the CO2 from all of the flared natural gas in the entire United States was captured - it would amount to 0.04% of global emissions. Ouch.
And a last data point: genetic engineering to increase plant and/or algae borne carbon sequestration. Plant borne: 100% fail - see forest fires.
Algae borne: again, a scale problem. Human agriculture is about 2% of world plant mass. Unless we can engineer algae that can outcompete that in nature in terms of procreation and survival (unlikely) we would have to increase human farming by 25000%.
And note that just because a plant or algae sucks in CO2, does not mean it is sequestrated. The "bio" origin geologists hypothesize that our present "fossil fuels" come from a unique period in the past where the upper oceanic layers were fantastically productive but there were also over large deep regions with no oxygen. The algae and other microfauna growing in these top layers grew and died, fell into the anoxic regions and were eventually folded deeper into the Earth's crust. The vast majority of the oceans today are deserts - the same literally cannot occur (yet).
Some people will make money from carbon sequestration because there is so much money being throw at it, but there is zero possibility of it making any difference whatsoever.
I think I have more reservations about X.ai than you, but perhaps with the right stewardship, it can become something good and genuine.
We are so back.
Re: Inflation
Enjoy the "low" inflation - oil prices jumped nearly 10% literally right after this report. This is due entirely to (not unexpected by some) slow resumption of growth by China after ending its lockdowns combined with some US/EU trade friction; it is far from clear this is going to hold up. The US took well over a year after lockdowns to "get back into the swing" including massive COVID subsidies. We shall see how China actually performs.
Re: CO2 removal
I see this as a scale problem, not a technology problem and therefore not solvable by technological solutions.
In particular, I calculated how much electricity would be needed to just pump the pure CO2 generated by emissions in 1 year; it was something like 2% of human used electricity. Multiple by 2380 (the inverse of 420 ppm) and the whole situation is just ludicrous.
A separate calculation based on what I am working on: if all of the CO2 from all of the flared natural gas in the entire United States was captured - it would amount to 0.04% of global emissions. Ouch.
And a last data point: genetic engineering to increase plant and/or algae borne carbon sequestration. Plant borne: 100% fail - see forest fires.
Algae borne: again, a scale problem. Human agriculture is about 2% of world plant mass. Unless we can engineer algae that can outcompete that in nature in terms of procreation and survival (unlikely) we would have to increase human farming by 25000%.
And note that just because a plant or algae sucks in CO2, does not mean it is sequestrated. The "bio" origin geologists hypothesize that our present "fossil fuels" come from a unique period in the past where the upper oceanic layers were fantastically productive but there were also over large deep regions with no oxygen. The algae and other microfauna growing in these top layers grew and died, fell into the anoxic regions and were eventually folded deeper into the Earth's crust. The vast majority of the oceans today are deserts - the same literally cannot occur (yet).
Some people will make money from carbon sequestration because there is so much money being throw at it, but there is zero possibility of it making any difference whatsoever.
https://www.thebignewsletter.com/p/judge-rules-for-microsoft-mergers
Regfluencers 😂