Posted on 03/30/2022 5:48:22 PM PDT by ChicagoConservative27
The Russian invasion of Ukraine and Joe Biden’s ongoing war on fossil fuels are jacking up oil prices, and now left-wing climate change activists are adding to high energy costs by pressuring banks to stop investing in fossil fuels in the name of stopping “climate change.”
The pressure comes in the form of a report titled “Banking on Climate Chaos: Fossil Fuel Finance Report 2022,” which seeks to shame the banks into dropping oil, gas, and other fossil fuel energy resources. And the effort is backed by well-funded climate activists groups, including the Sierra Club and Oil Change International.
(Excerpt) Read more at breitbart.com ...
They probably don’t even know what their bongs are made of.
Bkmk
Anyone who didn’t see this coming after the TechnoDicktaters did the Canadian truckers and then the Russians is just blind.
Fossil fuel financing from the world’s 60 largest banks has reached USD $4.6 trillion.
I don’t think the “well-funded climate activists groups, including the Sierra Club and Oil Change International” are going to stack up against that.
I believe “fart in the wind” would be an appropriate comparison.
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Ditto.
The groups advocating for this are funded by our enemies, for real. That should be illegal, and the people in them tossed in jail.
Keep pushin’: Backlash WILL occur.
Turn a blank sheet of paper sideways. On the left write “weather event” in small letters, draw a circle around the words, and then draw a small arrow pointing to the right side. On the far right, write the words ‘man made climate change” in small letters, draw a circle around the words, and then draw a small arrow pointing to the circle.
Is there not a large blank space in the middle? Do you ever see a story which fills in this area? How often do words like sun and ocean appear?
I will submit there is no evidence of man-made global warming because no adherent to the popular mythology will acknowledge the existence of the sun or the ocean engines. All I have ever seen are comments on weather events or physical phenomenon involving temperature followed by an assertion global warming is the cause. Such reasoning requires a complete disconnect between events and conclusions, and is no more rigorous of thought than Middle Age alchemy.
One word from the movie, “The Graduate” PLASTICS. WalMart gonna be empty.
Oil could be $300 a bbl and most petrochemicals would still be made. The actual cost of the hydrocarbon base for high value petrochemicals is a small fraction of the total cost of the item. Perfect example is pharmaceuticals they have fractions of a penny of hydrocarbon base chemicals in their formulations. Synthetic lubricants are another item with a few cents worth of liquid HC base that is then sold for $10+ a liter think Mobil one synthetic the cost of the alkenes to make the PAO base is less than 20 cents a quart at $100 bbl oil tripling that would only make it 60 cents out of the ten bucks a quart. The vast majority is refinery margins and marketing plus taxes. Fertilizer is only made with natural gas because it needs hydrogen gas the carbon is thrown out when you make UREA , ammonia or ammonium nitrate. The hydrogen is what you are after. Electrolysis has come down to a price point that it’s competitive with steam methane reforming anywhere you have access to electricity at $30 or less per MWh this is effectively every large scale solar project now and nearly every onshore wind project. The IEA has two reports confirming solar as the cheapest energy source humans have ever created in most of the world. It’s 400+ pages long worth the read if you have the skills to comprehend scientific research and data. There will always be a need for petrochemicals or their equivalents made via synthesis. No one anywhere has said that petrochemicals have to go they are the Lego blocks that hold modern society together and the lubricants that keep it moving. What is being said is you can’t burn hydrocarbon to the sky. There is enough remaining liquid hydrocarbons for a couple of centuries if they are used exclusively for petrochemicals , if they are burnt to the sky at current consumption rates all the technically recoverable hydrocarbon resources will be home in 47 years. The math is secondary level not even university level. As a career petroleum geologist with experience in nearly every major basin on earth I can say as professional fact the major total hydrocarbon systems on this planet have been found, surveyed, quantified and the resources plus reserves is well.characterized we have 47 or less years left that’s just cold hard fact. Less of the huge middle classes of China ,India and soon to be Africa up their consumption to anything close to EU levels which is one quarter USA per capita levels. Oil has made me a wealth man but the fact is the age of oil will end sooner than later. Humans burnt through 1.4 trillion bbls since 1869 there is 1.5 trillion left of technically recoverable reserves that’s at any price think $300+ bbl for those last hundred billion bbls humans will burn through the remaining 1.4 trillion in under 50 years. It took our planet hundreds of millions of years to put all that organic kerogen through the oil window in the subsurface, migrate to traps and or stay in source shakes. The math is 8th grader level humans will have burnt in slightly more than 200 years hundreds of millions of years of accumulated organic carbon. Clearly that’s not sustainable by definition. Humans should use the remaining hydrocarbons to boot strap to alternative as rapidly as possible while holding in reserves a good amount for critical need petrochemicals. From a scientist view point oil is too precious to burn to the sky it’s squandering millions of years of endowment for a few dozen decades if drunken sailor like spending it’s appalling.
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