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Is It Time To Abandon the Idea of Phasing Out Oil and Gas?

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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?"

  1. ee on Thu, 9th May 2024 10:02 pm 

    This is what I mean, using sex as a weapon. See comment above.

    https://www.youtube.com/watch?v=2vjVxj2nbto

  2. ee on Thu, 9th May 2024 10:18 pm 

    I told you that we designed women as a portrait of lucifer. Look how the bitch is acting, she is using her sexuality to try to control the world. This is what the story of stormy Daniel is all about. Look at the behavior of the media. Stormy Daniel story is about showing to the world how evil women really are.

    https://www.youtube.com/watch?v=2vjVxj2nbto

  3. eee on Thu, 9th May 2024 10:21 pm 

    Below is an example of a women using her sexuality as a weapon. I think it is obvious when you think about it.

    https://www.youtube.com/watch?v=1sqI5TKVLSE

  4. eee on Thu, 9th May 2024 10:28 pm 

    Another example of women using their sexuality as weapon.

    https://www.youtube.com/watch?v=jiFi3kO-oCE

  5. ee on Thu, 9th May 2024 10:34 pm 

    Voyage to the Planet of Prehistoric Women (1968) Sci-fi Movie

    https://www.youtube.com/watch?v=ZOBhIjb2bLw

    Read the title.

  6. ee on Thu, 9th May 2024 10:38 pm 

    Fucking useless whore.

  7. ee on Thu, 9th May 2024 10:40 pm 

    Clothing. Fucking useless parasitic whore.

    https://www.youtube.com/watch?v=qPg0UMiMoTE

  8. ee on Thu, 9th May 2024 10:42 pm 

    Fucking useless parasitic whore.

    https://www.youtube.com/watch?v=S7FLH8SdY6Q

  9. eee on Thu, 9th May 2024 10:48 pm 

    Death Is Only The Beginning (Final Scene) | The Mummy (1999) | Fear

    https://www.youtube.com/watch?v=jhBSum8GILY

  10. eee on Thu, 9th May 2024 10:56 pm 

    Mark levin, another fucking piece of shit Jews.
    Fucking garbage Jews, earth is build on top of my personal holographic matrix, I own your soul fucking cock sucker. Look at the face of Mark Levin, the face of the fucking cock sucker is shaking while he speaks.

    https://www.youtube.com/watch?v=z1wfwGhVT4E

  11. eee on Thu, 9th May 2024 10:59 pm 

    We are using my personal holographic matrix to create planet earth. Planet earth is build as an execution chamber as I explain previously.

    I own you fucking cock sucker.

    https://www.youtube.com/watch?v=z1wfwGhVT4E

  12. eee on Thu, 9th May 2024 11:06 pm 

    What are you going to do against me fucking Levin. Nobody is afraid of you. The best you can do is talk. nobody cares.

    https://www.youtube.com/watch?v=z1wfwGhVT4E

  13. ee on Thu, 9th May 2024 11:23 pm 

    We created earth using my holographic matrix. Earth is currently run using my holographic matrix. What are you going to do against me fucking Levin. Nobody is afraid of you. The best you can do is talk. nobody cares.

    https://www.youtube.com/watch?v=hJONhZji00E

  14. eee on Fri, 10th May 2024 1:07 am 

    You must be really desperate if you came to me for help. I guess you have run out of options. If I decide to abandon you and I vanish you are left without any other plan. Everything about this has a strong smell of desperation.

  15. eee on Fri, 10th May 2024 1:13 am 

    Let’s me guess, if I die, or I suicide myself or I just abandon you, everything you have planed will fail and everyone on earth will die. I can smell your desperation milles away.

    This is the reason why you refuse to give me any kinds instruction or goals to achieve, because you are desperate and need to try something different otherwise everyone on earth will die, including your precious shit civilization.

  16. eee on Fri, 10th May 2024 1:17 am 

    You must be really desperate if you are seriously thinking about carpet bombing some places where condos are group together. You could at least show gratitude toward me and give some salary.

  17. eee on Fri, 10th May 2024 1:20 am 

    Your lack of gratitude toward me is really bothering me and will come back to haunt you at the least expected moment.

  18. eee on Fri, 10th May 2024 1:28 am 

    The fact that you seem willing to accept my suggestion of killing all the Jews of the world, show how desperate you are. I want to kill all the Jews also, but the fact that you will go along with idea show how desperate you are to save your shit civilization. You are running of ideas.

  19. eee on Fri, 10th May 2024 1:40 am 

    The fact that you seem willing to kill all the people working in the media and all the high level administrators working for the governmental agencies, all the politicians show how desperate you are. You love your shit civilization that much.

  20. ee on Fri, 10th May 2024 1:52 am 

    My fucking legs hurt.

  21. eee on Fri, 10th May 2024 2:21 am 

    You fix the bugs in the matrix. Before the color of certain stars wouldl oscillate between white and pale orange. This night that are white only. You fixed the bugs in the matrix. you are scared fucking cock suckers.

    I know why they don’t want to pay me a salary. It is not influence my thoughts process so I come to the most neutral decision. You must be really desperate.

    The Spirit Body of the Monad is the higher mind function of the Observer, watching and aware of forming concepts and making assessments. It is the higher mind principle consciousness that comes to neutral conclusions and decisions based on accumulated experiences. When the spirit is in control of the nervous system of the body, it makes higher evolution of Consciousness action possible.[1]

  22. ee on Fri, 10th May 2024 2:26 am 

    Where do they get the money to buy condo. They extract the money from the people that do real work. They are using the stork market to steal the money from the working class and the fed. This is how they afford their condos. They use the stock market to finance their invasion of earth.

  23. eee on Fri, 10th May 2024 2:29 am 

    20:42 these are nice target. All group together next to another one. Can do a lot of damage using helicopters and air bombing.

    https://www.youtube.com/watch?v=LnhOo3v7p8I

  24. dd on Fri, 10th May 2024 2:44 am 

    In theory they are not alive. Apparently I am the only one that has noticed that people neck got longer. this mean they are not real and we are not killing anyone. Bomb them away.

    We gave them a chance to show to us who they really are. They refuse to identify themself, we did the right thing, it is time to kill them.

  25. ee on Fri, 10th May 2024 2:54 am 

    Most likely they are freaks. This is why the refuse to show themself. I guess will have to kill them.

    https://www.youtube.com/watch?v=lCxI1z02BYY

  26. eee on Fri, 10th May 2024 3:13 am 

    LIVE USAF TED’S QUICK CLIMB FRIDAY F-15 & F-35 ACTION • UNRESTRICTED CLIMBS RAF LAKENHEATH 10.05.24

    https://www.youtube.com/watch?v=DNSk44v-RwU

    Notices the words: unrestricted climbs

    Anyway, it is holographic matrix, bomb away images of fakes building and fake people. Let’s go forward holographic matrix

  27. Elton Musk on Fri, 10th May 2024 4:04 am 

    this site is officially been declared for crack pots and loony bin trumpers. FUCK THAT

  28. ee on Fri, 10th May 2024 7:51 am 

    https://www.youtube.com/watch?v=7ixtjqHvJx0

  29. ww on Fri, 10th May 2024 7:54 am 

    https://www.youtube.com/watch?v=vJ62TL03boI

  30. ggg on Fri, 10th May 2024 7:56 am 

    https://www.youtube.com/watch?v=OcnucX45w3s

  31. ee on Fri, 10th May 2024 7:58 am 

    https://www.youtube.com/watch?v=29fFNSzTI3E

  32. eee on Fri, 10th May 2024 8:09 am 

    Pole dancing is mostly like fake.

    https://www.youtube.com/watch?v=YaN5vo5HRaw

  33. ee on Fri, 10th May 2024 8:21 am 

    My fucking whore is always in heat. Her cunt is always wet and ready for abuse. Who is the whore.

    Whore = spirit

    Fucking whore. Always ready for sexual abuse and rape

    The Spirit Body of the Monad is the higher mind function of the Observer, watching and aware of forming concepts and making assessments. It is the higher mind principle consciousness that comes to neutral conclusions and decisions based on accumulated experiences. When the spirit is in control of the nervous system of the body, it makes higher evolution of Consciousness action possible.[1]

  34. eee on Fri, 10th May 2024 8:45 am 

    Every alpha male should own a personal sex toy trained to please in any the cunt can.

    https://www.youtube.com/watch?v=ldOfRbFXTh8

  35. eee on Fri, 10th May 2024 8:51 am 

    I told you, my thoughts and personal preferences are integrated into certain part of earth reality, in the case YouTube. I told you fucking Jews, I own you and I want the genocide of your race. Fucking useless, greedy, amoral, manipulative Jews.

    https://www.youtube.com/watch?v=ldOfRbFXTh8

  36. eee on Fri, 10th May 2024 8:53 am 

    Every respectable GOD own a fuck toy, personally tailor to fit his sexual preferences. We are not loser like the population of earth. Never taken away the firearms of man.

  37. ee on Fri, 10th May 2024 8:56 am 

    I repeat that, I want the whole population of earth dead, I want you dead cock sucker, I am not your friends. You took away my firearms I will kill you. Show me one failure of the principle of conservation of mass.

  38. eee on Fri, 10th May 2024 8:57 am 

    Never take away the handgun of a man. Never denied a man self protection using a handgun. I will kill the whole population of earth just for that.

  39. eee on Fri, 10th May 2024 8:59 am 

    This is what I think your police force. You shoot them on sight.

    https://www.youtube.com/watch?v=FX4t1lLNl-o

  40. eee on Fri, 10th May 2024 9:14 am 

    Look at these two beta cuck male signing papers (40:49). What about a 12 gauge shot gun bullet in the face for each of them.

    https://www.youtube.com/watch?v=xxa4iyupUqs

  41. eee on Fri, 10th May 2024 9:19 am 

    Who are the zombies, people with long neck and face moved forward. What do you do with communists, you kill them. I told you some of thought get integrated into earth holographic matrix.

    https://www.youtube.com/watch?v=EHaI-BvQeQA

  42. ee on Fri, 10th May 2024 9:27 am 

    You fucking police force and your fucking firearms laws. I am going to kill you over this.

  43. ee on Fri, 10th May 2024 9:41 am 

    Fucking communists, fucking Jews.

    What do they mena when they are saying such thing as you must be courageous to speak against the Jews or feminist.

    It is psychological threat. It means you must be courage to speak against the Jews or feminism knowing that you could lose your job, or go to prion. It is subtle way to threaten you.

    still love your fucking Jews. Still love your fucking universities full of Jews propaganda. You still love your media.

  44. ee on Fri, 10th May 2024 9:47 am 

    Another example, how dare you to call women sex toy and fuck toy, you must be courageous knowing that you could lose your job or go to jail. You see what they did. It is a subtle psychological way to submit the population of a nation to accept its own destruction for the benefit of some else. It is a subtle psychological threat.

  45. ee on Fri, 10th May 2024 9:51 am 

    You cock sucker must be desperate if you came to me for help. You most of run out of option to save your shit civilization. Unless all of this is a simulation to train me to become a better leader.

  46. eed on Fri, 10th May 2024 9:55 am 

    Another example, how dare you speak against the green revolution and the energy coming from wind mills. You must be courageous knowing that you could lose your job or go to jail. You see what they did. It is a subtle psychological way to submit the population of a nation to accept its own destruction for the benefit of some else. It is a subtle psychological threat.

  47. eee on Fri, 10th May 2024 9:56 am 

    Now you understand why I want to kill the EPA staff. See comment above

  48. ee on Fri, 10th May 2024 10:01 am 

    Notice how big corporations and big mutual funds are always on board with the Jews agenda.

  49. ee on Fri, 10th May 2024 10:02 am 

    Imagine what kind of hell their C40 cities would be for the human mind.

  50. ee on Fri, 10th May 2024 10:05 am 

    When they say, you should love diversity and inclusion. What they mean is you should love to be invaded by people that are not like you and wants to dominate you.

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