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Is It Time To Abandon the Idea of Phasing Out Oil and Gas?
Despite feigning interest, Big Oil still appears to oppose the global green transition and could well stand in its way. As Saudi’s state oil company leader condemns the green transition and calls for long-term oil production, other major industry players are voicing their scepticism around renewable energy and clean tech. Despite large investments into green energy and carbon-cutting projects from several oil and gas majors, Big Oil still appears to be heavily favouring fossil fuel production.
This month, the CEO of Saudi Arabia’s state-owned oil company Aramco, Amin Nasser, said that the energy transition was failing and called for policymakers to abandon the “fantasy” of phasing out oil and gas, with the demand for fossil fuels expected to continue growing in the coming years. During a panel interview at the CERAWeek by S&P Global energy conference in Houston, Nasser stated, “In the real world, the current transition strategy is visibly failing on most fronts as it collides with five hard realities.” He went on to say, “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.”
Nasser has previously caught the energy world’s attention by claiming that oil and gas demand will not peak any time soon, contrary to claims by many energy experts. This came in response to an International Energy Agency (IEA) which predicted that oil, gas and coal demand would peak in 2030. Nasser believes that the IEA view is overly U.S. and Europe-centric, and discards growing demand for fossil fuels in other areas of the world, particularly those countries in the Global South undergoing industrialisation.
The CEO of the world’s largest oil producer does not believe alternative energy sources will be rolled out on the scale required to displace hydrocarbons in the short- to mid-term, despite massive levels of investment in the sector in recent decades. At present, wind and solar energy contribute just three percent of the global energy supply, while electric vehicle (EV) penetration stands at around three percent, Nasser emphasised. In contrast, hydrocarbons continue to account for around 80 percent of the world’s energy supply, falling by just three percent in the last quarter of a century. While the demand for coal is expected to fall, this will be largely replaced by a higher global demand for natural gas – the ‘cleaner’ fossil fuel. Nasser believes that governments are in denial and that a shift to green will not provide enough energy to meet the growing global demand.
During the Houston Conference, other oil and gas executives echoed Nasser’s views on the need for more investment in oil and gas. The CEO of Shell, Wael Sawan, highlighted the difficulties faced by the energy industry due to government bureaucracy in Europe, which was slowing the rollout of renewable energy projects. Meanwhile, Exxon Mobil’s CEO Darren Woods emphasised the continued high demand for petroleum products. He stated, “I think one of the things the policy to date and a lot of the narrative has been very focused on is the supply side of the equation and hasn’t addressed the demand side of the equation. And the impact that price has on demand.” He explained, “At the same time, the cost of converting and moving to a lower-carbon society if that cost is too high for consumers to bear, they won’t pay. And we’ve seen that play itself out in Europe, with some of the farm protests and the yellow vest protests a year or so ago.”
Following the conference, green campaigners criticised Big Oil for undermining the importance of the green transition and global efforts to tackle climate change. David Tong, the global industry campaign manager at advocacy group Oil Change International, stated “It’s no surprise to see misleading claims like this coming at CERAWeek, because fossil fuel companies are the biggest cause of the climate crisis, and their continued political influence is the biggest obstacle to solving it.”
Many energy experts believe that oil majors should not be given such an important part to play in the global green transition, given their significant role in producing greenhouse gas emissions. The oil industry has long fought to quash the development of green energy projects for their own financial benefit, and it seems unlikely that they would give up their healthy oil and gas revenues in favour of a green transition. The oil industry has fought governments for decades over the development of clean technologies. A recent analysis shows that the industry lobbied lawmakers to block support for low-carbon technologies such as solar panels, electric cars and heat pumps as far back as the 1960s.
There are several challenges to achieving a successful global green transition, and it still appears a long way off – given the current contribution of renewable energy to the global energy supply. However, significant progress has been seen in renewable energy and clean technology over the last decade, strongly supported by high levels of public and private funding in the sector, which is expected to continue. Further, while demand for oil and gas is growing, much of this demand is expected to shift to green alternatives as they become available.
By Felicity Bradstock for Oilprice.com
720 Comments on "Is It Time To Abandon the Idea of Phasing Out Oil and Gas?"
eee on Thu, 9th May 2024 6:41 am
You worship the female or the Lucifer so much that you feminized the whole planet earth and kill all the masculinity. You though violence and masculinity was the problem, when feminine is the problem. Fuck I hate the population of planet earth.
Everything need to be revealed before we killed you.
eeed on Thu, 9th May 2024 6:47 am
Fucking piece of shit low iq
eee on Thu, 9th May 2024 6:54 am
men were supposed to use women as sex toy and kill them where they are done pleasuring themself.
https://www.youtube.com/watch?v=1sqI5TKVLSE
eee on Thu, 9th May 2024 8:35 am
Earth belongs to me and you belong to me. So I will use earth and its population for my personal pleasure. You are too stupid for anything else.
I will repeat that. I have never seen a failure of the calculator of conservation of mass. It means that natural ressources depletion will happen. It means earth population cadavers will be delivered to me as it was intended. You are such worthless piece of shit. You are only good as personal entertainment for the GODS
ee on Thu, 9th May 2024 8:42 am
Criss de grosse chienne sale a Legault. Cela se pourrait que j’envoie un de mes gars te couper la tête a ma place. Gros connard sans cervelle.
Toi pis ton criss de registre des armes a feu, mon criss de traitre de tabernacle.
https://www.youtube.com/watch?v=IFJ0RLQh3CQ
eee on Thu, 9th May 2024 8:46 am
Never put any kind of laws or restriction on firearms. You will be invaded and taken advantage of by superiors and more intelligente specie as it the case.
Everyone that push for any kind of firearm laws should be considered a traitor and kill right away, I am looking at you piece of shit Legault.
eee on Thu, 9th May 2024 8:51 am
Never create a police force or a permanent army. It will be subverted and used against you in the futur. Never put any kind of law on firearms. It will be used against you.
https://www.youtube.com/watch?v=VrsspTTpApI
ee on Thu, 9th May 2024 8:56 am
The founding father warn you to not give away your freedoms. You did gave away your freedom, you now deserve to be invaded and kill by the invaders.
eee on Thu, 9th May 2024 12:25 pm
You are just worthless loo IQ piece of shit. I want your fucking cadavers, worthless grabage.
eee on Thu, 9th May 2024 12:28 pm
If you are a real freedom lover, you hate cops. you want them dead. Each time a cop die you are happy.
eee on Thu, 9th May 2024 12:32 pm
I told you that we will use planet earth for our personal entertainment. I told you we hate the population of earth. Below is an example of us using earth for our entertainment. If you cannot see that we are mocking earth, you are a fucking loser.
Hillary Clinton: Joe Biden is the only choice for women who value freedom
https://www.youtube.com/watch?v=9Y7ND8UBD1I
ee on Thu, 9th May 2024 12:36 pm
Women don’t value freedom, Women hate freedom. Women love enslavement. We are mocking you.
We are mocking the population of earth that worship women as a source of wisdom.
Hillary Clinton: Joe Biden is the only choice for women who value freedom
https://www.youtube.com/watch?v=9Y7ND8UBD1I
eeebbe on Thu, 9th May 2024 12:43 pm
We, freedom lovers, need our own piece land where women and kids are not allowed.. Yes we need secession, but not a racial one, we a need a gender secession where women are not allowed.
ee on Thu, 9th May 2024 12:59 pm
You lost the West and it will never be rebuilt. The power center of the world will move somewhere in Asia, if it has not already moved to Asia.
In the mean time we will continue to make fun of the West, women, gay, inclusion, diversity and so on.
After all the purpose of earth is to entertain us until your final execution.
ee on Thu, 9th May 2024 1:02 pm
We will continue to mock the West and the people of earth until we finally kill you.
John Fetterman Shares Personal Story Of Overdrafting His Bank Account While Buying Coffee
https://www.youtube.com/watch?v=MrXOLNky_oM
eee on Thu, 9th May 2024 1:08 pm
You just have no idea how much I hate the population of earth. Taking away my handguns from me was a mistake.
The fucking female is never safe, the fucking cunt is afraid of everything, you can never please the fucking whore. Because, we built her this way as an agent of chaos and destruction. This is how much we hate you.
ee on Thu, 9th May 2024 1:10 pm
The fucking whore is even not good at sex. It is the only thing she has in her favor, and she is even not good at it.
ee on Thu, 9th May 2024 1:13 pm
Ask a bitch during sex, to verbally humiliate herself and see how stupid they are. The cunt is an agent of chaos and destruction.
ee on Thu, 9th May 2024 1:16 pm
The cunt is even not Intelligent enough to come up with imaginative verbal self humiliation words during sex. This fucking cunt is good for nothing.
eee on Thu, 9th May 2024 1:23 pm
Gov. Kathy Hochul Signs New Law To Decrease NYC Speed Limits To Protect Pedestrians
https://www.youtube.com/watch?v=RLOlpWoBrf0
Look at the time stamp of my comment talking about safety and the time stamp of the video above. This is another example of my thoughts being integrated into the holographic matrix of earth. Earth is built on top of my personal holographic matrix. I own you and earth.
ee on Thu, 9th May 2024 1:26 pm
The real danger is not that I decapitate Legault with my bare hands. The danger is that my thoughts of killing all the world population get accepted and integrated into my holographic matrix and therefore leading to the dead of everyone on earth or maybe even a civil war.
ee on Thu, 9th May 2024 1:34 pm
I need these but I did not want to pay full price for them. So I decided to wait. Guess what, they are in special this week. I need them to finish the exhaust job.
Earth belong to me including your souls.
https://www.canadiantire.ca/en/pdp/certified-heavy-duty-steel-6-ton-jack-stands-axle-stands-pair-0090012p.html?rq=jack+stands#srp
The real danger is not that I decapitate Legault with my bare hands. The danger is that my thoughts of killing all the world population get accepted and integrated into my holographic matrix and therefore leading to the dead of everyone on earth or maybe even a civil war.
ee on Thu, 9th May 2024 1:40 pm
This is where it is going to be interesting. I want the decapitated head of Legault and Trudeau, I want the dead of everyone on earth, and I has toughts of civil war in the past.
How all these thoughts will be integrated in the holographic matrix. Do you we get a civil war and I buy Legault and Trudeau heads with money. Do you I become the leader of a militia and decapitate Legault and Trudeau myself. How do all the people of earth die. Do they die suddenly, slowly
ee on Thu, 9th May 2024 1:48 pm
Another thing, I want all the Jews of planet earth dead. I said that multiple. Is this thought going to be accepted by the holographic matrix, if it is, how will it be integrated and how the Jews are going to be genocide.
eee on Thu, 9th May 2024 1:58 pm
Did I talk about some of my others thoughts. Kill all the women and kids on planet earth and only keep masculine man alive. We will see what happen with this thought.
eee on Thu, 9th May 2024 2:20 pm
This is women, or some will them Lucifer, shallow, narrow minded, ego driver, power hungry driven, constant need to be worshipped to feel secure and safe. Gay mend and metro sexaul men are also a copy of Lucifer mind.
https://www.youtube.com/watch?v=JGVq7J5_sTk
ee on Thu, 9th May 2024 2:22 pm
You get my point. I am here to collect your cadavers.
eee on Thu, 9th May 2024 2:44 pm
If you are a real freedom lover, you should love this scene. You should orgasm each time he kills a cop. If you are a real freedom lover, you consider the police force as something that is there to take away your rights .
Real freedom lovers need their own piece of land where women and kids are not allowed. Gender secession away from the fucking bitch.
https://www.youtube.com/watch?v=FX4t1lLNl-o&t=152s
eeed on Thu, 9th May 2024 3:00 pm
You still love your fucking EPA that is destroying the US farm equipment manufacturers. What about helicopters firing directly EPA high lever managers offices. Still love your fucking Jews.
https://www.youtube.com/watch?v=Cr5EdruqvyU
ee on Thu, 9th May 2024 3:16 pm
Cops bleeding to death is a beautiful thing to see. Either you love freedom or you don’t. If you love freedom, you hate the police.
https://www.youtube.com/watch?v=FX4t1lLNl-o
eee on Thu, 9th May 2024 3:26 pm
Fierce local resistance to lithium battery factory shows why supply chains cannot go back to the US
https://www.youtube.com/watch?v=gcZV5i9m_nA
The West is done. You have to many traitors to kill.
eee on Thu, 9th May 2024 3:36 pm
I told you that the goal is to destroy the west to the stop consommation of natural resources that will given to China instead of the West. Do you have any idea how many traitors you will have to kill to get your nations back.
Fierce local resistance to lithium battery factory shows why supply chains cannot go back to the US
https://www.youtube.com/watch?v=gcZV5i9m_nA
The West is done. You have to many traitors to kill.
eee on Thu, 9th May 2024 6:05 pm
We need a gender secession and freedom secession movement. Men need a piece of land where women and kids are not allows, where there is no firearms laws, where there no police. I agree with some men now, we need the balkanization of North America.
eee on Thu, 9th May 2024 6:22 pm
Fucking whore, fucking traitor everywhere.
https://www.youtube.com/watch?v=nXlbiMuDpwE
Close your fucking immigration web site, then I will believe that you care about the preserving of Whites Quebecers genetic.
Fucking Frechette bitch, another fucking traitor
eee on Thu, 9th May 2024 6:54 pm
You still love your fucking EPA that is destroying the US farm equipment manufacturers. What about helicopters firing directly EPA high lever managers offices. Still love your fucking Jews.
https://www.youtube.com/watch?v=Cr5EdruqvyU
Apparently the guy in the vide is not lying.
Deere Cuts 2024 Profit Outlook Amid Crop Slump
https://www.youtube.com/watch?v=K6YQEKOm3s8
The number of fucking traitors you will need to kill to get back your nations is off the charts.
eee on Thu, 9th May 2024 7:04 pm
You go into fox news building and you kill everyone there, except janitor and low level secretary, You see these 5 cock suckers you kil them you kill them when they are broadcasting live on TV. This is start you announced to the world that you are starting a revolution.
https://www.youtube.com/watch?v=2fVrHbQ8LrQ
with this
https://www.remarms.com/other-products/v3-tac-13
eee on Thu, 9th May 2024 8:26 pm
Everything takes courage according to these cock suckers. Voting is an act of courage apparently. If they are courageous, what adjectif could been used to descript mes actions. A women change oil on her car, that making her courageous, what a bunch of losers. This courageous crap must be some king of psychological manipulation trick.
Australia must have the ‘courage’ to vote against UN recognising a Palestinian state
https://www.youtube.com/watch?v=PFW-NuYNPOg
eee on Thu, 9th May 2024 8:30 pm
Apparently if you do not approve of earth currently manipulative narrative: antisemitism, inclusion, diversity, feminism you are courageous. If you dare to go against the communists agenda, somehow you are courageous.
Apparently if you go against the communist narrative push of planet earth, it is like if you are putting your life in danger, therefore you are courageous. Fucking losers.
What a cheap manipulation trick.
eee on Thu, 9th May 2024 8:31 pm
Show me one failure of the principale of conservation of mass. Show me just one. You cannot because earth is execution chamber to remove bad souls.
eee on Thu, 9th May 2024 8:37 pm
Earth will be destroyed because that is what we want. But if I was forced to stay here, I would work on the project of gender and freedom secession, where women are not allowed, there is no firearms laws and no police force. It is the only project where I could see myself investing my time and efforts.
eee on Thu, 9th May 2024 8:40 pm
I told you we designed the whore to be an agent of chaos. Apparently everything a women does takes courage. Apparent when a women take a shit, it takes her courage to do it.
eee on Thu, 9th May 2024 8:49 pm
I told you, you will have to kill a lot of North American traitors if you want your nations back
eee on Thu, 9th May 2024 8:50 pm
You are going to need a lot of pickup trucks, helicopters and ammunitions, to kill all these traitors.
dd on Thu, 9th May 2024 9:00 pm
I cannot figure out if the fucking Hilary bitch is serious or if this is some kind of really type of British and sarcastic humour. I fucking cannot tell. Look at some of her fucking facial expressions.
https://www.youtube.com/watch?v=9Y7ND8UBD1I&t=167s
eee on Thu, 9th May 2024 9:04 pm
I cannot figure out if this Hilary bitch is serious because she is heavily mentally retarded, of if NBC is laughing at US population. This is what happen when you are surrounded with heavily mentally retarded people, you cannot tell.
https://www.youtube.com/watch?v=9Y7ND8UBD1I&t=167s
eee on Thu, 9th May 2024 9:11 pm
Now you understand why we are not going to save earth and we will kill everyone living on earth. See my comment above.
ee on Thu, 9th May 2024 9:24 pm
You should see the shit I have been subject to during the last 4 year. Fucking insects appearing out of nowhere, insect changing shape. I got so scare at one point that I made myself a knife chest harness for self-protection. I made my knife chest harness and I moved on with my life . I did not bother the rest of the planet with my problems.
Fucking low IQ coward losers.
eee on Thu, 9th May 2024 9:52 pm
There were moment when I tried to walk forward I was walking backward. There is moment where I could not move. I did not bother the whole planet with my problems. I dealt with my own problems myself, maybe women should do the same thing, they wanted equality they have it now. Deal with your own problems by yourself fucking whore.
eee on Thu, 9th May 2024 9:55 pm
I suspect these problems are related to I am getting a new body. This kind of process has secondary effects. This is how I interpret it.
Deal with your own problems fucking useless whore.
See comment above.
eee on Thu, 9th May 2024 10:00 pm
I like how the media will use women sexuality as a weapon against man when it fits their agenda or they need to destroy an reputation. They use rape as a sexual weapon against men. I must not the only one to notice that.