Posted on 02/15/2021 7:23:20 AM PST by Oldeconomybuyer
On Thursday, one of the world’s largest oil companies — Royal Dutch Shell — confirmed it will never again produce as much oil as it did in 2019. Peak oil production at Shell, said CEO Ben van Beurden, has come and gone.
Pandemic or no, and no matter who is in the White House, the oil business is entering an exciting, scary new frontier — and there’s no turning back. The sooner Houston, the oil and gas capital of America, embraces that reality, the better its prospects, and those of its energy industry workforce, will be.
By now, the link between oil production and the increasingly deadly change in the planet’s climate is beyond any serious doubt, so we welcome the oil giants’ announcements. Just last month, newly sworn-in President Joe Biden made clear he means to keep his campaign promises to accelerate America’s move away from fossil fuels and toward renewables.
There are thousands of workers in Texas who could easily transfer their skills to a greener economy. “The same people who are drilling for oil could be building off-shore wind farms,” he said. “Will it be a one-to-one transfer? Probably not,” he said. “But there is still really good reason to believe the industry will be able to innovate its way through this transition.”
That’s great news, and not just for the planet. The very companies that anchor the Houston economy now are the ones that have the deep pockets, highly skilled workers and increasingly, the customer-driven incentives to reinvent the way the world uses energy. It’s in everyone’s interest — including their own — to fully embrace that future.
(Excerpt) Read more at houstonchronicle.com ...
Ping.
Hey, they’re working on it. 😕
The madness of crowds.
So explain why the US is fighting for control of the Nordstream pipeline to Europe. Explain why we are in the Middle East, Syria and Iraq fighting to control the pipelines?
Why are US politicians cutting Americans’ oil and gas lifelines incountry?
The newspaper business is already in a new frontier.
It’s the frontier of massive layoffs and shutdowns.
And they can’t figure out why this is.
“solar-powered chainsaws”
...confirmed it will never again produce as much oil as it did in 2019...
Heck, I’m now saving roughly $450 a month in Gas now. I’m not alone.
This is completely insane. It seriously is confusing to some extent.
How do you get so many people to buy in on destroying their future and quality of life? We need another world war. Luckily this time, women and trannies can do the fighting.
I will be fine since I’m in electrical distribution, but this is going to hurt so many people, and completely deliberate. Strange times...
Thanks for the ping.
I am still celebrating since the lefty controlled “oldest continuously published newspaper in America” closed its doors in our state—no brick and mortar HQ and no printing facility.
It now publishes in a neighboring state—too funny...
The newspaper—The Hartford Courant
One Cat-5 hurricane in the gulf or off shore can take out wind farms. Idiots
Deadly change in the climate? What is the evidence that we are seeing deadly climate change?
When looking at beat-down oil equities recently, I skipped right over the majors and went straight to the E&P sector. Companies like Shell and BP are going to destroy themselves will political correctness.
They were beaten down so badly, and they provide great leverage to much higher oil and gas prices - a strong trend we are in the middle of right now.
We have to realize that time is on the side of the global warmer psychos. Look at germany giving up nuclear & coal.
I hope the author is shivering in his darkened home due to the blackouts in Texas. Oil isn’t just for motor fuel, but is the basis for thousands of essential products including the resins and lubricants that are used to make those frozen up windmills.
The American press.....
Bravely telling us their feelings while their computers are auctioned off.
Bingo!
They say that because they suck at finding it.
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