Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)

Donate Bitcoin



Donate Paypal

Page added on March 31, 2024

Bookmark and Share

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. eee on Wed, 1st May 2024 11:44 am 

    All these Jews making comedy on TV run that same scrip, making fun of the US politicians, US culture and US way of life, as a way to demoralized you and keep into a state of submission and servitude.

  2. eee on Wed, 1st May 2024 11:55 am 

    You want to know why there is restrictive firearms laws. You have been conquered by your enemy. What is the first thing you do after you win in a war against you enemy, you take away their weapons. You enemy has won and earth has been conquered this is why you have been disarmed so you cannot reply back.

  3. eeed on Wed, 1st May 2024 12:04 pm 

    IF you had any balls, you would kill every Jews on the planet and not feel guilty about it. You are just a bunch of coward and losers. You have no idea how much the Jews have destroyed you psychologically.

  4. eee on Wed, 1st May 2024 12:16 pm 

    I was working on my rusty exhaust system. We did a good job designing earth as a torture chamber. I was on the ground jacking my car, and I could see the full hatred we have against earth population. We did a good job torturing you. Everything will be reveal and then you will be killed.

  5. eee on Wed, 1st May 2024 12:41 pm 

    I did all the break lines last year on my car. The fucking brake lines nuts are already rusting. I did that a year ago and only use my car to get grocery. we really hate the population of earth and it shows if you know where to look. We created a perfect torture chamber. Criss de Québécois sale minable. Ton criss de registre des armes a feu mon criss de minable de tabernacle. Tu es un traite mon criss de Legault.

  6. eee on Wed, 1st May 2024 12:49 pm 

    If you are on earth, it is because we hate you, that all there is to it. You are here on earth to be tortured before your execution. Gros criss de Legault sale a merde. Pareil comme la chienne sala a Trudeau.

  7. eee on Wed, 1st May 2024 1:39 pm 

    The hatred of GOD you see it everywhere you look. Earth population is too stupid to see it. It right in front of your fucking face if you know where to look,

  8. eee on Wed, 1st May 2024 1:42 pm 

    It is amazing how much he hates you.

  9. eee on Wed, 1st May 2024 1:51 pm 

    Criss de chienne sale a Legault avec son criss de registre des armes a feu. Tu travailles avec l’enemi il n’y a pas d’autres explications, Je l’ai toujours su que tu aimais les immigrants, mon criss d’enfant de chienne sale de tabernacle.

  10. ee on Wed, 1st May 2024 1:54 pm 

    Ton but mon criss de tabernacle c’était de désarmer la population pour faciliter invasion Je t’ai jamais aimer mon tabernacle. J’ai rencontré dans la vrai vie mon tabernacle, ton ego était tellement gros qu”il illuminait toute la place.

  11. eee on Wed, 1st May 2024 1:56 pm 

    Ma criss de pute sale communists.

  12. eee on Wed, 1st May 2024 2:10 pm 

    Mon gros criss de con a Trudeau. Ma te tuer toi pis that criss de famille minable, mon ostie de metro sexual a marde,

  13. eee on Wed, 1st May 2024 2:17 pm 

    Ma vous torturer a mort mon criss de Trudeau et Legault a marde avant vous couper vos tête de minable. Je vais vous casser des doigts pendant que vous encore en vies. Me prendre un perceuse pis ma faire un trou directement dans le milieu de ton genou pendant que vous êtes encore vivant. Mes criss de tabernacle d’enfaints de chiennes sales.

  14. eee on Wed, 1st May 2024 4:19 pm 

    It is pretty obvious I am part of a simulation. I will kill you fucking whore for what you did to me without my authorization. I will kill you fucking bitch. I will kill you for using without monetary compensation. I will get my revenge, I just dont know how,

  15. eee on Wed, 1st May 2024 4:20 pm 

    I will kill you for using me without monetary compensation. I will get my revenge, I just dont know how. Come down on earth in a flesh body fucking bitich, so we can find to dead.

  16. eee on Wed, 1st May 2024 4:25 pm 

    The US will never be rebuild. Talented people will move away and you will have nobody of talent to rebuild anything. It is fucking obvious. It does not really matter because the conservation of mass will kill everyone living on earth.

    I am just pointing out that the west will never be rebuilt.

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

  17. ee on Wed, 1st May 2024 4:27 pm 

    Notice that Whites people are not saying anything about that, the reason is that they have abandoned the West. If you have money, you should seek a new home an abandoned the West.

  18. eee on Wed, 1st May 2024 4:30 pm 

    The protests are fake and organized by the cabal. There is no real Whites people at these manifestation. Whites people have abandoned you and you have to hire people to protest at university. Everyone that is White and have an IQ can see that. You really look desperated and out of ideas. The West is gone and never coming back.

  19. eee on Wed, 1st May 2024 4:34 pm 

    Notice that the real Whites people are nowhere to be found after you pass this bill. Notice that Whites people were nowhere to be seen after the fake J6 capitol invasion. The reason is Whites people like me have abandoned the West and you are on your own.

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

  20. eee on Wed, 1st May 2024 5:00 pm 

    You know what Trump like to eat: Jewish excrement. He loves worshipping the Jews. The rumor is that trump eat Jewish shit and drink Jewish piss every night before going to bed. Don’t tell anyone how much Trump love Jewish shit and piss.

    https://www.youtube.com/watch?v=jYB_JRL1Iwc

  21. eee on Wed, 1st May 2024 5:22 pm 

    Your fucking university protest against Israel are small group of people 50 maybe 75 at the max. Where are the real Whites people. We are nowhere, we don’t give about your nations, about your women, about anything. You are on your own, I hope you know how to fix your car. We won’t be there to do it for you. If you cannot find someone to fix your car, use the bus like we do and see how long you will stay alive.

  22. dde on Wed, 1st May 2024 5:28 pm 

    The budget aimed at improving outlook for young. The know the youth has abandoned the west, and they are not coming back. They real think we are Fucking idiots, No fucking cock sucker, fix own car, take the bus. That will be glorious moment for me.

    https://www.youtube.com/watch?v=I6AMj5GIB_o

  23. eee on Wed, 1st May 2024 10:10 pm 

    Intelligent people knows what earth is all about, it is a torture and execution chamber. Intelligent people prefer to die on their own terms by suicide instead of waiting for planet earth to kill them. The would make the South Korea the most intelligent race on earth.

    https://www.zerohedge.com/medical/south-koreans-lithuanians-have-highest-rate-suicide-world

  24. eee on Wed, 1st May 2024 10:15 pm 

    It is better to suicide yourself now, then going through the end of earth civilisation because of natural resources depletion. Only low IQ people are in love with this communist mentality. Real winners prefer freedom and dying alone on their own terms. I told

  25. eee on Wed, 1st May 2024 10:23 pm 

    fucking communists. Québec the land of losers and communists.

    https://www.youtube.com/watch?v=2yT04jWbETg

  26. eee on Wed, 1st May 2024 11:35 pm 

    You cannot shutdown earth reality with your long neck, face moved forward and fake cgi. Earth is not only a CGI illusion. We knew, you would try to access earth calculators and modify them or take control of them. SO far everything you did, did not work and will not work.

    Everything will be reveal and the population of earth will killed. The cohesion calculator are locked and you cannot modified them with your cheap CHI illusion or cheap CGI video.

    Do you really think we are that stupid. The population of earth is here to die, and it will die as planned moons ago.

  27. eee on Wed, 1st May 2024 11:41 pm 

    I knew Whites people where just communists coward. If you had any balls, you would have killed all the Jews of world and brag about it.

    I understand now why the population of earth has been send here for final execution. You are just fucking communists losers.

  28. eee on Thu, 2nd May 2024 7:06 am 

    Ma te tuer ma criss de chienne sale a Legault. Ma the torturer avant que tu meurts mon tabernacle.

  29. eee on Thu, 2nd May 2024 7:23 am 

    Mon gros criss de con a Trudeau. Ma tuer ta famille en premier, Ma commencer par tes enfants mon tabernacle, ensuite ta cirss de bitch, pis ma finir avec toi.

  30. eee on Thu, 2nd May 2024 7:26 am 

    Ma aussi tuer la chiene a Pierre-Hughes Boisvenu pit toutes sa famille pis sa criss de femme. Tu aimes ca pleurer a la téle mon tabernacle ma te faire pleurer a la téte mon criss.

  31. eee on Thu, 2nd May 2024 7:29 am 

    Ma t’enfoce un couteau dans le cul mon tabernacle pis ma le faire a la television devant toutes la population du québec pendant que tu pleures comme un cirss de connard.

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

  32. eee on Thu, 2nd May 2024 7:34 am 

    This is for the fucking cabal who think they can control the world using illusions either on tv or in real life.

    I have not seen one failure of the calculator of conservation of mass. It means you don’t control the most importants part of earth reality we do. It means natural ressources depletion will happen as we planned when we build earth reality. I am here to watch the population of earth die of a miserable death. I am planning to enjoy your death and suffering.

  33. dde on Thu, 2nd May 2024 8:15 am 

    You can do all the fucking theater and illusions that you want such as propalestinien protests, you are not keeping alive your Fucking illusion bitch. I know fucking whore that you don’t have the control of calculator of conservation of mass. It means you don’t control the most importants part of earth reality we do. It means natural ressources depletion will happen as we planned when we build earth reality. I am here to watch the population of earth die of a miserable death. I am planning to enjoy your death and suffering. I know you don’t have the courage to destory your reality of illusions. That is all you have. You could have the US bomb Israel, but you are not doing it because you want to keep your shit reality alive. Let’s how it will work out.

    https://www.youtube.com/watch?v=oMuE6pptzq8

  34. eee on Thu, 2nd May 2024 8:20 am 

    I like how you love to play low speed illusion theater. You could also play high speed illusions theater by having the US and Europe bomb Israel to nothingness. You will not doing because it is all you have this shit reality. Let’s see fucking whore how it will work out for you. It is guarantee I will get your fucking cadavers.

  35. eee on Thu, 2nd May 2024 8:26 am 

    I see fucking whore, that you are trying to modify the entropic degradation calculator by putting fake rusty car on the road in a hope that you will be able to slow the dow entropic degradation of steel ( also called rusting). It is not going to work fucking bitch, we have locked all the critical calculators. I am here to see you all die, and I will see all you die.

  36. ee3e on Thu, 2nd May 2024 8:31 am 

    Everything will be revealed.

    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.

  37. eee on Thu, 2nd May 2024 8:36 am 

    Watch us kill all the population of earth without any remorse from us or guilt.

    MISSING SPRING IN JACKSON, WY; COOL SUMMER FORECAST FOR MUCH OF THE NORTHERN HEMISPHERE; RECORD MAY COLD SWEEPS INDIA; + ACTIVITY AT RUANG CONTINUES, SO2 SPREADS

    https://electroverse.info/

    Ma criss de grosses chiene sale a Legault pis son criss de registre de armes a feu. Criss de conard sale. ma te tuer mon tabernacvleé

  38. ee on Thu, 2nd May 2024 8:49 am 

    We knew that you would try to access earth calculators and modify them and try to open a doorway out of earth. We made that impossible and locked all the critical calculators. Nobody is leaving earth. There is no mass migration take place on earth, we are the ones flooding earth with everything that we hate and want to see dead. It is us filling up with immigrant before the final execution.

  39. eee on Thu, 2nd May 2024 9:22 am 

    You want to know why they created NASA. It was a tentative to modify the reality of illusions and open a space doorway out of earth. it never works because we knew you would try to leave earth while our goal is to kill earth population. We have everything figure out. After the revelation population will be killed. There is no space because we have not defined what space is in our parametric model. It is a NASA model and a fake illusion. They were trying to open a doorway out of here but it never works.

  40. ee on Thu, 2nd May 2024 9:27 am 

    Women are a small copy of Satan mind. Women are Satan servant. Here is the big secret about earth. Look at her clothing, you see what I mean.

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

  41. eee on Thu, 2nd May 2024 9:29 am 

    If you worship a women you working Satan. Nobody is leaving earth.

  42. ee on Thu, 2nd May 2024 9:30 am 

    Ma te tuer ma criss de chienne a legault.

  43. ee on Thu, 2nd May 2024 9:31 am 

    We are going to give it to earth population really good.

  44. eeed on Thu, 2nd May 2024 9:45 am 

    Which nations worship women the most European union. Where is the throne of Satan located, in Europe. Who is Saran Ursula. Can’t you see.

    https://www.youtube.com/watch?v=-48Za7VZR_c

  45. eee on Thu, 2nd May 2024 9:49 am 

    Israel and the jews also worship Satan. just to make sure people dont get confuse.

  46. ee on Thu, 2nd May 2024 10:00 am 

    You have already guessed that we will kill all women living on planet earth, the only people that will leave earth are high IQ masculine man. I think it obvious

  47. eee on Thu, 2nd May 2024 10:03 am 

    Everything will be reveal before will kill earth population. Only single man that have no children, are not married will have a chance to leave earth.

  48. eee on Thu, 2nd May 2024 11:22 am 

    All women living on earth will be killed, The only people that might have a chance to leave earth are high IQ masculine man, that had only 1 or 2 girlfriends for a short period of time have no children, are not married. Gay and metro sexual man (Trudeau) will be killed same as women.

  49. 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 Thu, 2nd May 2024 11:31 am 

    yes he does believe in the SCIENCE

    but only for the sheeple supertards who MUZZ-19 themselves with reckless abandonment

    PROMPTLY EXITED FOR SAINT PETERS

  50. eee on Thu, 2nd May 2024 1:59 pm 

    Québec the land of losera and communists. Criss de chienne sale a Legault pis son regist des armes.

1 … 3 4 5 6 7 … 15

Leave a Reply

Your email address will not be published. Required fields are marked *