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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. ddd on Sun, 28th Apr 2024 6:48 pm 

    The people in the video below are traitors and should be executed in a public place. Notice that they are not talking about stopping immigration to protect White Quebecers genetic heritage. Language is not important, you want to preserve Whites genetic legacy first, language is second.

    If I become a King I will kill these cock suckers my self.

    https://www.youtube.com/watch?v=1KOJPN7zhX8

  2. WHY elite supertard president eee did not MUZZ-19 himself with reckless abandonment and WENT TO SAINT PETERS on Sun, 28th Apr 2024 6:52 pm 

    ANSSER: saline injection

  3. eee on Sun, 28th Apr 2024 7:28 pm 

    You lost the West, you just don’t know it yet. This is about preserving the manufacturing processes for the next generation, if there is ever one. China must be the last nation to die. Since the destruction of the West is completed, it is time to stop international supply chain to reach the West. Meaning the West will be deprived of goods coming form China first. This is just a guess, but the nations next will we South America, Pakistan, Afghanistan and so on. Next it will India and Bangladesh and son on.

    You are still in love with your fucking Jews and Israel.

  4. eee on Sun, 28th Apr 2024 7:58 pm 

    Compare Beverley Hills that is supposed to be the most prestigious city of the US

    https://www.youtube.com/watch?v=3O15wiCWz60

    with this Chinese city

    https://www.youtube.com/watch?v=yzl4jc9E5GU

    You can easily tell that the West was destroyed on purpose to build China as a perfect smart nation.

    You still love your fucking Jews and Israel. Do you still believe that Israel is a friends of the US.

    I will kill you Legault, you and all of your cabinets members, same with Trudeau and his cabintes memebers.

  5. eee on Sun, 28th Apr 2024 10:25 pm 

    I see no failure in the conservation of mass calculator of the holographic matrix. IT means that natural ressources depletion will happen for the whole planet earth. It means I will walk over your cadavers as written in revelation 19. Nothing will stop me from walking over your cadavers. If I can travel through multiple dimensions and time, and I will come back to cut off Legault and Trudeau heads as personal war trophies.

  6. eee on Sun, 28th Apr 2024 11:08 pm 

    You are right Bidet, bloodbath is coming as per revelation 19. Yes I promise you a Bloodbath bidet.

    I saw heaven standing open and there before me was a white horse, whose rider is called Faithful and True. With justice he judges and wages war. 12 His eyes are like blazing fire, and on his head are many crowns. He has a name written on him that no one knows but he himself. 13 He is dressed in a robe dipped in blood, and his name is the Word of God. 14 The armies of heaven were following him, riding on white horses and dressed in fine linen, white and clean. 15 Coming out of his mouth is a sharp sword with which to strike down the nations. “He will rule them with an iron scepter.”[a] He treads the winepress of the fury of the wrath of God Almighty. 16 On his robe and on his thigh he has this name written:

    https://www.youtube.com/watch?v=pkk8OlZU8RQ

  7. eee on Sun, 28th Apr 2024 11:25 pm 

    The calculator of conservation of mass is what I called a cohesion calculator. It is one of the calculator that keep the cohesion of the reality alive, meaning that it makes the behavior of matter (like cutting wood with a table saw) universal through the whole planet. Changing this calculator is impossible because it means that the whole reality will implode on itself and kill everyone living int it.

    I see no failure in the conservation of mass calculator of the holographic matrix. IT means that natural ressources depletion will happen for the whole planet earth. It means I will walk over your cadavers as written in revelation 19. Nothing will stop me from walking over your cadavers. If I can travel through multiple dimensions and time, and I will come back to cut off Legault and Trudeau heads as personal war trophies.

  8. eee on Sun, 28th Apr 2024 11:30 pm 

    Who am I? Am I your creator and executioner ?

    Am I here to correct a mistake I made when I created all of you?

  9. eee on Sun, 28th Apr 2024 11:45 pm 

    Who Am I ?

    I am a traveler of both time and space to be where I have been.
    To sit with elders of a gentle race this world has seldom seen.
    Who talk of days for which they sit and wait
    When all will be revealed.

    https://www.youtube.com/watch?v=y_6M254L0XU

  10. eee on Mon, 29th Apr 2024 12:02 am 

    Notice how long she pronounce the word revealed in the phrase below at 0:53

    When all will be revealed.

    and notice how long she pronounce the word ground in the phrase below at 2:10:

    As the sun burns the ground.

    This world will bet set on fire by god, as lake of fire. Why do you think the sun has changed color and is White instead of Orange

    ———————————

    Oh, let the sun beat down upon my face, with stars to fill my dream.
    I am a traveler of both time and space to be where I have been.
    To sit with elders of a gentle race this world has seldom seen.
    Who talk of days for which they sit and wait
    When all will be revealed.
    Talk and song from tongues of lilting grace
    Sounds caress my ear.
    Though not a word I heard could I relate
    The story was quite clear.
    Whoa-oh-hoh
    Whoa-oh, whoa-oh
    Oooh, oh, baby, I’ve been flyin’
    No, yeah, mama cares, ain’t no denyin’
    Oh, oooh yeah, I’ve been flyin’
    Mama My, ain’t no denyin’, no denyin’, no…
    Oh, all I see turns to brown
    As the sun burns the ground.
    And my eyes fill with sand
    As I scan this wasted land.
    Tryin’ to find, tryin’ to find w

    This video is from 2 days ago.
    https://www.youtube.com/watch?v=y_6M254L0XU

  11. eee on Mon, 29th Apr 2024 12:19 am 

    If you stay on earth you will need a body that is not made of flesh. You will need a body update so you don’t burn down to death when the sun will be turned on to full power. A body made of a silicate crystalline matrix.

  12. eee on Mon, 29th Apr 2024 2:00 am 

    Who Am I ?

    I am a traveler of both time and space to be where I have been.
    To sit with elders of a gentle race this world has seldom seen.
    Who talk of days for which they sit and wait
    When all will be revealed.

    https://www.youtube.com/watch?v=y_6M254L0XU

    I travel space and time to get the heads of Legault and Trudeau as war trophies. I am here for my war trophies and your cadavers.

  13. eee on Mon, 29th Apr 2024 2:05 am 

    We have already won, you have already lost. You cannot change the calculator of conservations of mass. It is a locked calculate because it is part of the family of cohesion calculators. Natural resources depletion will happen and the international supply chain will shut down as we planed it. I am here on earth to walk over your cadavers and collect the heads of Legault and Trudeau as war trophies.

    https://www.youtube.com/watch?v=VtQAsZHMQw8

  14. eee on Mon, 29th Apr 2024 2:37 am 

    Look at the sun carefully, the sun is White not yellow or orange. I am here to watch the population of earth suffer and die when you will be burn alive by the sun.

    I will also collect the heads of Legault and Trudeau while I am here.

  15. eee on Mon, 29th Apr 2024 8:26 am 

    Weaker Growth And Higher Inflation = world natural resources almost all depleted.

    I am here to walk over the dead cadavers of earth. Very soon I will be the happiest man living on earth. Very soon the heads of Legault and Trudeau will be mine.

    https://www.zerohedge.com/political/weaker-growth-and-higher-inflation-why-consensus-was-wrong

  16. eee on Mon, 29th Apr 2024 9:08 am 

    Our plan worked perfectly fine. We have earth population locked in and your execution is about to begin thanks to the law of conservation mass. The earth was the perfect trap to attract narcissists mentally retarded with no morality.

  17. eee on Mon, 29th Apr 2024 9:11 am 

    In July 2023, Olivia Chow took the oath to become Toronto’s 66th mayor, becoming the first Chinese Canadian elected to the city’s highest office. She tells CPAC’s Michael Serapio how she approaches governing Canada’s largest city.

    66 = of the devil, working with devil. How nice is that.

    https://www.youtube.com/watch?v=sXNgVnP2O2E

  18. ee on Mon, 29th Apr 2024 9:25 am 

    You stole my right to protect myself using handguns bought without a license, I will steal our life away and transport it into the lake of fire.

  19. eee on Mon, 29th Apr 2024 9:47 am 

    We have earth population locked in tight into the trap called earth and the flesh body. There is no where for you to run. We will torture earth population before killing you.

    Notice we will kill the population of Canada under the leadership of Olivia Chow the 66 maire of the biggest city of Canada, Toronto.

    Notice the symbolist we are using to tell Canadians when they are going to be executed by us.

    I have never been so happy of my life.

  20. eee on Mon, 29th Apr 2024 9:55 am 

    You are locked in into our trap ready for execution. You locked in.

  21. eee on Mon, 29th Apr 2024 10:04 am 

    We have the heavily mentally retarded locking in and cage inside planet earth. See hello to Olivia Chow 66 mayor of Toronto from me.

  22. eee on Mon, 29th Apr 2024 10:10 am 

    We have earth population locking in and cage inside earth that was designed in such a way that you will have to fight wars continuously to access the limited natural ressources available on earth. We made it on purpose to force the population of earth to fight endless wars to access natural resources. We did this because we hate all of you. It is a way to torture you before your final execution. That is the purpose of war, it is a torture method we use against earth populations. Do you understand the hatred I have for all of you.

  23. eee on Mon, 29th Apr 2024 10:18 am 

    Everything will be reveal. I am revealing to you why you are on earth and why earth has been designed this way. Everything will be reveal.

    As the song said:

    Oh, let the sun beat down upon my face, with stars to fill my dream.
    I am a traveler of both time and space to be where I have been.
    To sit with elders of a gentle race this world has seldom seen.
    Who talk of days for which they sit and wait
    When all will be revealed.

    Oh, all I see turns to brown
    As the sun burns the ground.

    https://www.youtube.com/watch?v=y_6M254L0XU

  24. ee on Mon, 29th Apr 2024 10:31 am 

    I am a traveler of both time and space to be where I have been.

    Space does not mean outer space, it means from another dimension or another realm. We learn that from earth, how to lie by changing the meaning of words. This is something you only see on earth.

  25. ee on Mon, 29th Apr 2024 10:46 am 

    We did not intervene much in the businesses of earth after its creation. We are really surprised how evil the population of earth is. We are shocked actually how evil you are. We are shocked at your total lack of morality and your inability to understand in a natural manner the concept of morality. We are also shocked at your level of stupidity. The population of earth is not stupid, it is worst then that, you are heavily mentally retarded and mentally sick.

  26. ee on Mon, 29th Apr 2024 10:57 am 

    Earth population will be killed as it was initially planned. We are shocked at what we discovered as mentioned above.

  27. ee on Mon, 29th Apr 2024 11:04 am 

    We are also socked at your over inflated ego and narcissism. We don’t understand how can you have such an inflate ego when you are a prisoner inside earth and a flesh body. We knew you had ego and narcissism issues, but this is way off the chart. Have you looked at your fucking face and teeth in a mirror. Have you look at yourself in a mirror and see how ugly your face is. How can you have such an inflated ego with such an ugly face.

  28. eee on Mon, 29th Apr 2024 12:05 pm 

    I said many times that Whites men will not be there to rebuild the West once it has collapse.

    Don’t believe me a Chinese women is mayor of Toronto and Whites people are not saying anything about it. Why because they have abandoned the West and don’t care if they died.

    Want another proof that the Whites men have abandoned the West.

    Scotland’s leader Humza Yousaf resigned on Monday

    https://www.zerohedge.com/political/scottish-first-minister-quits-after-disastrous-hate-crime-law

    The West and was totally destroy by the Jews in order to transfer the natural ressources left on earth to China. I have talked about that.

    I am just explaining to you that the West will not be rebuild and I am giving some examples. There is also a demographic issues regarding Whites people.

    You lost the West forever, as I like to say.

  29. eee on Mon, 29th Apr 2024 12:09 pm 

    As I said many time, we are really shocked at how mentally retarded the population of earth is. Earth population will be executed, you too mentally retarded to be kept alive.

  30. eee on Mon, 29th Apr 2024 12:30 pm 

    U.S. State Department Spokesperson Vedant Patel briefs the media.

    https://www.youtube.com/watch?v=_TmGrU0icXI

    This is your press secretary a fucking Indian. You get my point when I am saying that the West will not be rebuild once it has collapsed. Whites men are not coming to save their nations, they hate their nations and government. The destruction of the West I is total has it was planned decade ago. I have talked about that in previous comments, I will not repeat myself again.

  31. dd on Mon, 29th Apr 2024 12:43 pm 

    The West is done and will not be rebuilt. You can say thank you to the Jews for that. it will not be rebuilt for many reasons: Whites men have abandoned the West, the natural Resouces are too depleted to rebuilt the West.

    Exepce the Chinese living in the West to come back home as the West as no future to offer.

    It is over for the West.

  32. eee on Mon, 29th Apr 2024 3:00 pm 

    I always knew that Quebecers were losers and not worth my time and consideration. This cock suckers prove me right again.

    https://www.youtube.com/watch?v=-Au9ErA055M

  33. eee on Mon, 29th Apr 2024 3:03 pm 

    Who am I.

    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]

    Oh, let the sun beat down upon my face, with stars to fill my dream.
    I am a traveler of both time and space to be where I have been.
    To sit with elders of a gentle race this world has seldom seen.
    Who talk of days for which they sit and wait
    When all will be revealed.

    https://www.youtube.com/watch?v=y_6M254L0XU

  34. eee on Mon, 29th Apr 2024 7:03 pm 

    I am not here to save you. I dont like earth and people living on it. Sometime I just act as a conduit for GOD so he can speak to earth.

    Personally I hate all of you and I want all the population of earth dead for denying me the right to carry an handgun on me bought without a license. Personally I want the heads of Legault and Trudeau as war trophies.

    Sometimes GOD speak to you using my spirit sometime I speak you directly. We both hate the population of earth. I am attached to a spirit that has direct connection to GOD, I calle this spirite the whore or the bitch. See my pasts comments.

    As the song say:
    When all will be revealed.

    https://www.youtube.com/watch?v=y_6M254L0XU

  35. WHY did elite supertard president eee did not MUZZ-19 himself with reckless abandonment SALINE SOLUTION thats why on Mon, 29th Apr 2024 7:03 pm 

    _ALL_ Elite supertard presidents of PO FORUM MUZZ-19 themselves with real juice

    PROMPTLY LEFT FOR SAINT PETERS

    MUZZ-19 has semen from DROPOUT-19 he mixes it in his basement using empty paint buckets

  36. eee on Mon, 29th Apr 2024 9:13 pm 

    Listen to the fucking negro. He is talking like a communist parasite. He knows deep inside that he cannot survive on his own and he needs to attache himself to a functioning civilization to stay alive. This is a parasite that knows that his host (US) is dying and he is afraid that he will have to survive on his own. This is why is demanding gun control

    Typical parasite talking there.

    https://www.youtube.com/watch?v=OPQkou6mC3s

  37. eeedd on Mon, 29th Apr 2024 9:22 pm 

    The biggest parasite race on planet earth is the Jewish race. I am in favor of their total genocide. Jews have no morality what so ever, it makes them extremely dangerous. Israel only exist because it is a parasite extracting money from the US using foreign aid.

  38. eee on Mon, 29th Apr 2024 9:35 pm 

    His condemnation of Whites nationalism and Whites supremacy (3:55) show that they are afraid of Whites man like me. They know we control the critical infrastructures like water and electricity. This is a psychological subliminal technic they are using on Whites people by calling against Whites nationalism and supremacy. They know we can kill them by shutting down the critical infrastructures.

    https://www.youtube.com/watch?v=OPQkou6mC3s

  39. eee on Tue, 30th Apr 2024 12:49 am 

    Ostie de Québecois sale sans cervelle. Personne va venir sauver votre Québec de merde. Même Bob Gratton trouve que vous êtes tous de caves sans cervelles. j’ai assez de marcher sur vos cadavres de merdue

    7:27 below

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

  40. eee on Tue, 30th Apr 2024 12:52 am 

    Ostie de Québecois et Canadians a merde. Je veux que vous mouriez tous, mes criss de tabernacle.

    7:27 below

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

  41. eee on Tue, 30th Apr 2024 1:02 am 

    Ostie de criss de Québécois minable. Je vais vous regarder mourir avec beaucoup de Plaisir, mes criss de trou du cul sale. C’est pareil pour les criss de Canadians anglais sales. Osite de losers de tabernacle.

  42. eee on Tue, 30th Apr 2024 1:06 am 

    I want you dead, and I will get your cadavers fucking losers quebecers and canadina.s

  43. eee on Tue, 30th Apr 2024 1:19 am 

    Ostie criss de minable de tabernacle.

  44. eee on Tue, 30th Apr 2024 3:36 am 

    woman vagina smell really bad. we need to show women how to clean their disgusting vagina.

  45. eee on Tue, 30th Apr 2024 10:44 am 

    Ostie de criss de Québec and canada minable de tabernacle. Je veux vos cadavres.

  46. eee on Tue, 30th Apr 2024 10:46 am 

    J’ai assex hate que vous mouriez tous mes criss de tabernacle.

  47. ee on Tue, 30th Apr 2024 10:49 am 

    Criss de Martineau minable de tabernacle. Un autre criss de communiste sale.

    https://www.youtube.com/watch?v=2t0P04qN5J4

    C’est ca ton Québec, des criss de minables come Martineau.

  48. eee on Tue, 30th Apr 2024 10:52 am 

    Canada, un criss de pays sale rempli de communists sales.

  49. eee on Tue, 30th Apr 2024 10:56 am 

    Nobody is coming to save the West or planet earth. We designed earth has has an execution chamber, this is why we put a limited amount of natural ressources and force people of earth to fight among themself for these resources. We did this because we hate you. I am not going to help you, when the goal is to kill you.

  50. eee on Tue, 30th Apr 2024 11:03 am 

    Ostie criss de minable de taberncale.

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