Posted on 03/19/2024 8:11:40 PM PDT by bitt
The climate alarmist cult is in planetary disarray, with their once-unquestionable ‘scientific theories’ and ‘environmental policies’ getting rejected at a rapid pace in many parts of the world.
European farmers and Canadian Provincial Premiers and conservatives everywhere in the western world are getting increasingly vocal about the shortcomings of the so-called ‘Green New Deal’.
In this context, it’s reassuring to see some measure of pushback from people who have real skin in the game, like Big Oil moguls.
The world’s biggest oil producer is the Saudi company Aramco. Its CEO, Amin Nasser, just came out yesterday (18) and said that the energy transition envisioned by the ‘global warming’ crowd is failing.
He went ahead and in a rare show of honesty, advised that policymakers should abandon the ‘fantasy’ (ouch!) of phasing out oil and gas, as he is sure demand for fossil fuels is expected to continue to grow in the coming years.
CNBC reported:
“’In the real world, the current transition strategy is visibly failing on most fronts as it collides with five hard realities’, Nasser said during a panel interview at the CERAWeek by S&P Global energy conference in Houston, Texas.
‘A transition strategy reset is urgently needed and my proposal is this: We should abandon the fantasy of phasing out oil and gas and instead invest in them adequately reflecting realistic demand assumptions’, the CEO said to applause from the audience.”
Nasser said oil and gas demand is unlikely to peak in 2030 or any time soon, and pointed out that these projections only account for the demand in the U.S. and Europe – but needs to focus on the developing world as well.
He noted that alternative energy sources have been unable to displace hydrocarbons at scale, despite the world investing more than $9.5 trillion over the past two decades. Wind and solar currently supply less than 4% of the world’s energy, and total electric vehicle penetration is 3%, he said.
...more
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9.5 trillion dollars, for almost nothing at all. Could have fixed the world for that amount of money.
The thing is that these execs have ALWAYS known that oil is required for human society. The fact that they were intiminated into keeping quiet, or lying by saying it was a good idea, shows just how SICK our once-free culture has become.
TRUTH.
Hopefully Mr. Nasser can wake up the US administration.
True dat.
I have bigger can cans than THAT.
Wimpy Jao is.
I have bigger gas/Diesel cans than THAT.
Wimpy Jao is.
At any time, Mr. Nasser, and the Saudi oil minister, can ramp up Saudi oil production by 2.5 million barrels a day, decreasing the price of oil, making renewables far less economically feasable.
As well they should.
Let’s get Trump back in on the action...
https://www.powerlineblog.com/archives/2024/03/transition-what-transition.php
It’s a big lie. It is not about “transition.” It is about CONTROL over every aspect of our lives.
The Saudis will make another production cut and the U.S. and Canada will offset that cut.
When WTI drops below $70.00, things get dicey.
WTI < $70 sounds like fun.
They told him to go get it filled by Pemex anyway. :)
Is Biden suffering from an enlarged prostate?
The US is losing out on all that money that it can make.
No, that’s his traveling doody can. When Depends briefs just aren’t enough!
Just remember - energy production is the #1 target of strategic bombing campaigns.
Whomever is targeting energy production is targeting that nation and its people.
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