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

Production

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 Tue, 30th Apr 2024 11:16 am 

    I was not put on earth to help you, I am here to enjoy your pain and misery and watch you die of a painful death. This is why I am here. Fucking communists.

  2. eee on Tue, 30th Apr 2024 12:18 pm 

    I am going to kill you fucking whore for involving me into this without my authorization. I will kill you fucking whore. Your whole fucking project is garbage. Always have to fight with your fucking soul. Your whole project is garbage. I want my freedom away from you fucking whore.

  3. ee on Tue, 30th Apr 2024 12:19 pm 

    You got this fucking whore.é

  4. eee on Tue, 30th Apr 2024 12:21 pm 

    You know what I want, kill everyone living on planet earth, now, and give me bubble as previously talked. Kill these fucking pieces of shit communists.

  5. eee on Tue, 30th Apr 2024 12:26 pm 

    Either you are powerful or you are not, bitch. If you are really powerful, kill everyone living on earth, so we can move on to something more productive and creative. If you are really powerful just kill them, otherwise you are just another fucking loser living in another dimension. I don’t give shit how you kill them, just fucking kill them.

  6. eee on Tue, 30th Apr 2024 12:28 pm 

    We have talked about the 3 options regarding my future once everyone is dead on earth. Let’s move and kill everyone on earth. It is a waist of time working with piece of shit communists.

  7. eee on Tue, 30th Apr 2024 12:30 pm 

    Your fucking project of associating a soul to a flesh body does not work. It creates too much internal conflicts and stop creativity. Dumb this project into garbage.

  8. ee on Tue, 30th Apr 2024 12:36 pm 

    If you want really creator, the creator needs full sovereignty over his creation, full sovereignty including death. The soul association is an obstacle and need to go. Earth creation purpose was to kill people, might as well kill them right now. No point to wait for the conservation of mass to do the job for us.

  9. eee on Tue, 30th Apr 2024 12:51 pm 

    Either you are powerful of you are not. If you are not capable of killing earth population yourself, you are just a fake loser. Transfer all the power to me, and watch me decapitated all the Jews of the world. If you cannot do the jobs I will do it, transfer powers to me and see how fast shit will change.

  10. eee on Tue, 30th Apr 2024 1:00 pm 

    This is what I think of women also, piece of shit communists parasites garbage with no intellect and only capable of thinking about her personal confort and needs. Nothing to a stinking vagina matters others then herself. It was part of our plan to transform earth into a toiture chamber and hell hole by creating a female that is mentally deranged.

    I copied these comment from another website.
    Some other people are stating to understand how toxic women really are:

    -Women have rights now
    – The right to terrorize everyone and everything.

    -We must organize a counter terrorist operation

    -Any time men try to organize the government steps in and tells you that you have to include them and they subvert any attempt. We need to pray the government bankrupts itself and collapses.

  11. eee on Tue, 30th Apr 2024 1:08 pm 

    If you dont get it by now that the goal of earth creation was to kill undesirable souls. Before killing all of you, someone people insisted that you should be tortured. War, women, and some many more were voluntary added in the creation of earth to torture earth population before the final execution. See my previous comments. Do you guys understand how much hatred we have for earth population.

    Everything will be reveal. I am revealing in to you why we did what we did.

    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

  12. eee on Tue, 30th Apr 2024 1:18 pm 

    Fucking useless whore with her useless vagina.

    Raw: Liberal MP Chrystia Freeland being kicked out of men’s only club

    https://www.youtube.com/watch?v=r__DqJWeJN4

  13. eee on Tue, 30th Apr 2024 1:31 pm 

    Sexual reproduction is failed strategy to increase the level of intelligent of a civilization. this is why we forced sexual reproduction on earth population. It was to torture earth population more. Only on earth there is such a thing called sexual reproduction. You have no idea how much we hate earth populations

  14. eee on Tue, 30th Apr 2024 1:37 pm 

    We knew in advance how stupid you were, but we are still shocked to see man worship women, women are mentally deranged. Men are worshipping something that is mentally deranged. We are shocked at what we found out, and we are convince now that earth destruction is the right path going forward.

  15. ee on Tue, 30th Apr 2024 1:48 pm 

    I am in favor of a total genocide of all the women of earth. But then again, you are too stupid to act on anything. Men have turned into women themself. We are shocked at how effective you were at totally erasing masculinity out of planet earth in a goal to create what you thought would be a perfect utopia. It is shocking to see how deeply mentally deranged earth population is .

    How is your female utopia is working for you now. Amazing how mentally deranged you are.

  16. eee on Tue, 30th Apr 2024 2:01 pm 

    You see the fucking clip of the fucking smelly whore. We created women to toture earth population.

    Look at the video, it represents female narcissism, inflated ego, stupid, mental derangement.

    We created earth female because we hate earth populations.

    Here the female we created to torture earth population. Everything will be reveal before you final execution.

    https://www.youtube.com/watch?v=nT4OtdnmbtI

  17. eee on Tue, 30th Apr 2024 2:07 pm 

    Who is Satan and where can I find him? Women are small replica of Satan mind, if you look at a women, you are looking at small replica of Satan.

    https://www.youtube.com/watch?v=nT4OtdnmbtI

    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

  18. eee on Tue, 30th Apr 2024 2:27 pm 

    I don’t why I have not seen this one before. Look at the handshake between Trump and poutine.

    Start at 1:50 to1:57.

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

  19. eee on Tue, 30th Apr 2024 2:50 pm 

    Manilow is the typical parasite you would expect to see. Pretty obvious this guy cannot survived alone, same as all women. All act as parasite to a host to stay alive. The creep show never stops.

    https://www.youtube.com/watch?v=QGpwg5Mwna4

  20. eee on Tue, 30th Apr 2024 2:57 pm 

    Where are my RAM TRX supercharged and the F150 Shelby supercharged. I only drive the meanness looking machines.

    https://www.youtube.com/watch?v=u_GJg09neMw

    https://www.youtube.com/watch?v=G6vUqblkcWA

  21. eee on Tue, 30th Apr 2024 3:08 pm 

    I cannot figure who control this fucking feminine stupid retard: Satan or he speaks for himself, This cock suck is so stupid, you wonder how he was able to get there. Fuck low IQ piece of shit.

    https://www.youtube.com/watch?v=A0ePgBcHyZA

  22. ee on Tue, 30th Apr 2024 3:11 pm 

    I am good to go, just open the dimensional gate and I walk through.

  23. eee on Tue, 30th Apr 2024 3:15 pm 

    Open the fucking dimensional gate, I already feel like I live between two dimensions already. Either you open the dimensional gate or we kill everyone living on earth, Both works for me.

  24. eee on Tue, 30th Apr 2024 3:39 pm 

    It is so fucking obvious that Satan throne is located in Europe and Satan is a women.

    https://www.youtube.com/watch?v=nT4OtdnmbtI

  25. eee on Tue, 30th Apr 2024 4:06 pm 

    You are wasting your time speaking with the EPA. Appoint your self a king and let him kill all the EPA staff for you.

    https://www.youtube.com/watch?v=kMoXwh57RPA

  26. eee on Tue, 30th Apr 2024 4:10 pm 

    You going nowhere talking with governmental agencies. Install a King and let him kill them.

    https://www.youtube.com/watch?v=kMoXwh57RPA

  27. WHY elite supertard president eee did not MUZZ-19 himself with reckless abandonment doesnt he believe in the SCIENCE yes yes but he got SALINE SOLUTION thats why on Tue, 30th Apr 2024 4:58 pm 

    supertards please change ur undies after 10 months

    please feel at ease among friends we’re all lovers of supremacist muzzies here

  28. eee on Tue, 30th Apr 2024 9:03 pm 

    I just want to say, we desinged earth as a torture chamber and execution chamber. Nobody gets out of here and move into another dimension you are personally chosen by GOD.

    Some of us, are here to watch you die and suffer. I am not your friend and never will be. I am here to walk over your cadavers and collect my war trophies: Legault and Trudeau heads.

    Women has been created as an agent of chaos and destruction. Women have been created as an instrument of torture by us.

  29. eee on Tue, 30th Apr 2024 9:11 pm 

    65% of has been reveal to the population of earth. After we reveal the last 35%, earth population will be killed.

  30. eee on Tue, 30th Apr 2024 11:56 pm 

    I want to make this sure. I am not your friend, I will not be your King ever. I am here to collect your cadavers and my war trophies. The purpose of the creation of earth has been revealed to earth and so many more informations regarding earth detail such as using women as an agent of chaos and destruction. Never take away the handgun of a man, never do that.

  31. eee on Wed, 1st May 2024 12:17 am 

    Look at douglas Murray mouth, he has not teeth. This cock sucker is going straight into the lake of fire.

    https://www.youtube.com/watch?v=HhMGHmbQrz0

  32. eee on Wed, 1st May 2024 12:45 am 

    We could have gave earth the electromagnetic formula to create natural ressource so you don’t have extract natural ressources using hard manual labour. We hate the population of earth, it was out of question to make your life easy. I am here to watch you suffer and die.

    You have no idea how much we hate you. We could have help you by slowing the rate at with iron rust. We hâte you to much to help you.

  33. eee on Wed, 1st May 2024 12:54 am 

    You know what geopolitics stand for: how to steal the natural ressource of another nations without using an army.

    We did it on purpose to put a small amount of natural ressources on earth. We did that because we want earth population to fight each other to death for natural ressources. You have no idea how much we hate you.

  34. eee on Wed, 1st May 2024 1:19 am 

    Europe needs the natural resources of Russia otherwise it will die. I told you we designed earth as a torture chamber and we are forcing nations of fight each other to death for natural resources. Nobody likes the Whites Europeans they have been pushed out of Asia, India and many other lands and force to retreat into a small land with limited natural ressource. they are the ones trying to destroy the US using diversity, equality, Whited guilt.

    https://www.youtube.com/watch?v=sx1dG6fH558

  35. eee on Wed, 1st May 2024 1:23 am 

    A lot of people will blame the US, but globalisation is an European idea first. It was Europe way to steal natural resources from other nations using globalism.

  36. eee on Wed, 1st May 2024 8:14 am 

    Biden Considering Bringing Some Refugees From Gaza To The US

    https://www.zerohedge.com/political/biden-considering-bringing-some-refugees-gaza-us

    Trudeau and Bidet are working to destroying the US and making sure that rebuilding of the US will not happen. They are actively working at demoralizing Whites people to make sure that US and Canada will never be rebuilt after a collapse assuring a transfer of natural resources toward china,. There is no way these people work for the population of their nations. They are permeant shutting down Canada and US to preserve natural ressources for the rest of the world. The world must be severely depleted in Natural resource for doing such a thing,

  37. eee on Wed, 1st May 2024 8:34 am 

    It had to end this way. China manufacturing must not be shutdown so China must be feed natural resources. So people must be killed and the first to be killed will be Canadians, Americans, Europeans, UK. They live in Nordic nations so their rate of survival is really low compare to let’s say Africain.

    That was our plan and it works as it supposes to be. Wh are the ones that have put a limited amount of natural ressource on planet earth. Everything works as we forecast.

    The Jews have did a wonderful jobs ad demoralizing Whites people with their antisemitism BS. The goal of this was to make that US, Canada and Europe will never by rebuilt after a collapse. Their plan is perfect.

    Execution of the population of planet earth is going along fine

  38. WHY elite supertard president eee did not MUZZ-19 himself with reckless abandonment doesnt he believe in the SCIENCE yes yes but he got SALINE SOLUTION thats why on Wed, 1st May 2024 8:38 am 

    guess what elite whitey (((supertard))) president ALICE also used SALINE SOLUTIONS

    supertards please change ur undies after 10 months

    please feel at ease among friends we’re all lovers of supremacist muzzies here

  39. eee on Wed, 1st May 2024 8:38 am 

    You see this here, This is the Jews or Blinken making fun of the Whites people. They know they have been successful at destroying you.

    https://www.youtube.com/watch?v=yPV0BKUmtaA

  40. eee on Wed, 1st May 2024 8:41 am 

    I told you Whites people are not coming to rebuilt the West, that was their plan all along with mass migration, diversity, gay agenda and so on. Their psychological demoralization plan has worked.

  41. ddd on Wed, 1st May 2024 8:55 am 

    Whites superior intellect is just a myth. I claim that the negro is more intelligent then the Whites. The negro has what is called streets smart intelligence unlike Whites people that have none. It really is a inverted world. Whites are seen as intelligent where in fact it is not true. Whites people are the loser on planet earth, only loser will serve as a host for the rest of world. The negro is street smart, and understand that you don’t work if you don’t have too and let the stupid White man to do the Jobs.

    The Negro will survive and inherit the earth because he lives in a warm nations, the Whites man will go totally extinct.

  42. eee on Wed, 1st May 2024 9:10 am 

    European are stocked in an self feeding ego loop. That make them spirituality incapable of ascending or leaving earth. They cannot get out of self reenforcing feeding ego loop. You can watch them self destroy in real time. You don’t this with the negro. they are stuck in a self feeding ego loop and cannot get out it.

    https://www.youtube.com/watch?v=nT4OtdnmbtI

  43. eeed on Wed, 1st May 2024 9:21 am 

    You are here because you think you are better then the divine GOD and you should rule the domain he created himself. You are here because you tried to steal his creation from him and take ownership of something that never belong to you in the first place.

    You will be tortured and tormented before you final execution. THis is what this video is all about.

    https://www.youtube.com/watch?v=nT4OtdnmbtI

    Everything will be reveal before your execution.

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

    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.

    Notice how she is dressed in this video. Women are replicate of Satan mind.

  44. WHY elite supertard president eee did not MUZZ-19 himself with reckless abandonment doesnt he believe in the SCIENCE yes yes but he got SALINE SOLUTION thats why on Wed, 1st May 2024 9:48 am 

    guess what elite whitey (((supertard))) president ALICE also used SALINE SOLUTIONS

    supertards please change ur undies after 10 months

    please feel at ease among friends we’re all lovers of supremacist muzzies here

  45. ee on Wed, 1st May 2024 9:51 am 

    I will explain to you the logic of the Negro. Why he is smart then Whites people are the loser of planet earth. Negro told themself, if you Whites people are stupid enought to feed me for free, I will take advangee of you because that is what winners do.

    The Negro and Jews know that the Whites are their slave. Every Jew and Negro know that. They know that they have been able to put the White race into a position of total submission using cheap phycological tick such as victimhood. The Negro and Jews knows
    that so is the whole world.

    Why do you think Whoopi is complaining below. They know they have submit the Whites race and we must never discover that.

    Whoopi Goldberg “Enraged” By Donald Trump Saying There Is An “Anti-White Feeling” In America

    https://www.zerohedge.com/political/whoopi-goldberg-enraged-donald-trump-saying-there-anti-white-feeling-america

  46. ee on Wed, 1st May 2024 9:54 am 

    My advice to Whites people, is to behave and think like a Negro and a Jews. Let’s see how long the electrical grid will hold up.

  47. WHY elite supertard president eee did not MUZZ-19 himself with reckless abandonment doesnt he believe in the SCIENCE yes yes but he got SALINE SOLUTION thats why he also got RETRACTABLE NEEDLE on Wed, 1st May 2024 9:59 am 

    _ALL_ elite supertard presidents OG of PO forum MUZZ-19 themselves with reckless abandonment

    did not retractable needles or SALINE SOLUTION

    PROMPTLY DEPARTED FOR SAINT PETERS

  48. Ramadan Bombathon 2024 Final Score Attacks 157 Kills 808 on Wed, 1st May 2024 10:00 am 

    supertards please change ur undies after 10 months

    please feel at ease among friends we’re all lovers of supremacist muzzies here

  49. eee on Wed, 1st May 2024 10:10 am 

    The reason for the ban the handguns is to remind you, that Whites race have been conquered and have been submitted and are now slaves. That is the purpose of anti-guns laws, to told you have been conquered and are now slaves. They made sure that the West will never be rebuilt. it is also my feeling that the west will never be rebuilt. Whites man of quality have abandoned their nations.

  50. eee on Wed, 1st May 2024 11:39 am 

    You want to know why he is on tv the fucking Jews. To make fun of your nation and keep Whites people in a state of submission, servitude and demoralization. Same with Maher. He is there to demoralized Whites people making the rebuilding of your nation impossible. He should have been ex3tue a long time ago.

    https://www.youtube.com/watch?v=cdvcA5uxNlI

    Jews are not your friends

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