Exactly. I haven't figured out why all these conservative types think the oil companies want to lower the price, nor can I understand what they think the President can do about it.Renewable investment is increasing rapidly, meaning less investment going into oil. The oil industry has no reason to increase production to new highs, which had been trending down since 1985 until rapidly increasing during the Obama admin. Oil companies will concentrate at getting the most efficient production from existing wells and look to keep prices high, as OPEC countries are doing, to return the best possible profit to shareholders and thus maintain appreciable stock prices and dividends. Domestic production will not increase for the sake of production only. Not by the willing and desired choice of the oil industry.
Klein does a nice rant.The Intercept
Even before Russia’s tanks started rolling into Ukraine, we were already hearing that the best way to stop Vladimir Putin’s aggression is to ramp up fossil fuel production in North America.
Within hours of the invasion, every planet-torching project that the climate justice movement had managed to block over the past decade was being frantically rushed back onto the table: every canceled oil pipeline, every nixed gas export terminal, every protected fracking field, every Arctic drilling dream.
Since Putin’s war machine is funded with petrodollars, the solution, we are told, is to drill, frack, and ship more of our own — no matter the cost to our planet and our future.
Oil CEOs and politicians like Sen. Joe Manchin are advocating for more drilling at home to help supply European allies like Germany, which just announced its own construction of two huge import terminals that could lock in emissions for decades to come.
With politicians and pundits scrambling to bring back the failed oil dreams of the past, I’m more committed than ever to The Intercept’s ongoing investigation of climate criminals and corporate polluters. Our reporters don’t just lament rising temperatures, they name names and follow the money, from the billionaire donors that obstruct climate action to the front lines of protest against pipeline construction and fossil fuel extraction.
There are no corporate advertisers bankrolling The Intercept’s ongoing coverage of the climate emergency.
We’re told the push for new fossil projects in North America is about helping Ukrainians and weakening Putin. But the real reason all the old pipe dreams are being dusted off is far more crass: This war has sent the price of oil soaring and has made them vastly more profitable overnight.
We need journalists to have the time, resources, and editorial encouragement to expose who profits — and how we all suffer — from the continued destabilization of our planet.
Just as urgently, we need to tell the stories of the social movements and insurgent politicians who are fighting for a world no longer based on extraction and the fantasy of endless growth.
These stories are being told with rigor by The Intercept — and almost nowhere else. The Intercept’s nonprofit newsroom looks beyond the surface to challenge the corruption and self-serving orthodoxies of the powerful.
NAOMI KLEIN
Intercept
If all goes well, in a generation or so we will still be dependent on oil and gas, just not as dependent.Renewable investment is increasing rapidly, meaning less investment going into oil. The oil industry has no reason to increase production to new highs, which had been trending down since 1985 until rapidly increasing during the Obama admin. Oil companies will concentrate at getting the most efficient production from existing wells and look to keep prices high, as OPEC countries are doing, to return the best possible profit to shareholders and thus maintain appreciable stock prices and dividends. Domestic production will not increase for the sake of production only. Not by the willing and desired choice of the oil industry.
Exactly. I haven't figured out why all these conservative types think the oil companies want to lower the price, nor can I understand what they think the President can do about it.
You show a clear lack of understanding and no desire to correct the defect. That's understandable. If you dehumanize Republicans you can treat them badly with less guilt.Because they are against anything and everything Democrat. Even democracy. Dems haven't quite come to that full realization and certainly not saying/doing barely anything about it.
Klein does a nice rant.
So much for the extreme left view. At the risk of being redundant, do you have any thoughts of your own?
If all goes well, in a generation or so we will still be dependent on oil and gas, just not as dependent.
It makes more environmental sense to orient toward methane. Its use produces almost no toxic byproducts.
You show a clear lack of understanding and no desire to correct the defect. That's understandable. If you dehumanize Republicans you can treat them badly with less guilt.
I'm not sure I agree. Methane and liquified gasses are as clean as it gets.While still dependent, it's better to be less dependent.
Your science is off. Methane is much lighter than oxygen and nitrogen and does not linger. To displace air you need an enclosed space, like a kitchen.Methane displaces oxygen and increases warming.
You claim that they are against democracy.What did I say, exactly, that you can refute?
Yes, you are. You treat them like obedient zombies of their leadership.I'm not dehumanizing Reps.
Of course, you would say so, but you do not engage their ideas. You only ridicule and disparage. It's rather Trumplike.If anything, I'm humanizing them as what, in general, they are.
I'm not sure I agree. Methane and liquified gasses are as clean as it gets.
Your science is off. Methane is much lighter than oxygen and nitrogen and does not linger. To displace air you need an enclosed space, like a kitchen.
You claim that they are against democracy.
Yes, you are. You treat them like obedient zombies of their leadership.
Of course, you would say so, but you do not engage their ideas. You only ridicule and disparage. It's rather Trumplike.
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