Energy Security Doubletalk Is Slowing The Transition To Renewables
Is too much post-COP26 discourse centered on short-term energy security over lasting renewable energy independence? How much have fossil fuel profits tempered climate action?
Is too much post-COP26 discourse centered on short-term energy security over lasting renewable energy independence? How much have fossil fuel profits tempered climate action?
As the world marked another flopped climate conference last year — with precious chances for action racing past — many eyes drifted toward the People’s Republic of China (PRC). News sites decried Xi’s absence. Commentators suggest that if emerging East Asian economies don’t do their part, climate efforts cannot succeed. … [continued]
US Secretary of State Blinken has recently claimed the US government supports media freedom, saying “more than 350 journalists are currently being imprisoned in connection with their work, according to Reporters Without Borders.” What he doesn’t tell you is that Reporters Without Borders (RSF) itself is disgusted that the US … [continued]
HyperChange’s Gali Russell (aka @GFilche on Twitter) released a video on why he thinks Tesla will be the world’s biggest company. Just last month, Elon Musk tweeted that there was a >0% chance that Tesla could become the biggest company, as an obvious joke. While that seemed to just be … [continued]
A recent article in Bloomberg gave us a peek at the newest oil industry scam, and it sounds a whole lot like cheating at sports: doping. The concept isn’t that different. By adding chemicals to embargoed oils, they get off on a technicality and create “new” oil that can pretend to not be subject to embargoes.
OPEC is beginning to see the writing on the wall. Demand for oil is declining and may never recover. That’s good news for the Earth.
The demand for oil is plummeting as a result of a global economic slowdown created by the coronavirus. OPEC tried to get its members to cut production to boost prices. It failed.
In the beginning of September the newly elected Danish government, comprised of the parties Socialdemokratiet, Radikale, Socialistisk Folkeparti, and Enhedslisten, started its work on a new climate law. Denmark already has a climate law in place from the former Venstre led government, but it was not overly ambitious and not legally binding.
CleanTechnica has been running a number of articles on little noted negative aspects of gas/diesel vehicles. These include hundreds of US deaths annually from carbon monoxide poisoning, oil refinery explosions, 137 US oil spills last year, what to do with old oil tankers, and the 150 gas/diesel car fires daily in the US. A common concept in Africa that is not noticed in the United States or other parts of the world is what in Africa is called “Africa’s Oil Curse.”
There is a pretty simple truth about oil, and that is that there is lots out there, a fact that is not going to change going forward. In fact, quite the opposite. There is probably more upside to production, as well as downside on the demand side, meaning we will likely see low oil prices for the foreseeable future. The likelihood is that we will also see a race to the bottom in terms of the oil price as producers try to pump oil out of the ground and bring it to market as fast as possible. This in turn will lead to stranded assets as oil companies write down high-cost resources which have become too expensive to take out of the ground.