The war in Ukraine will morph into the war on climate change. So predictable we already predicted it. Paul Homewood provides the details of the plan.
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The war in Ukraine will morph into the war on climate change. So predictable we already predicted it. Paul Homewood provides the details of the plan.
IEA motto: Never let a crisis go to waste.
https://www.iea.org/news/emergency-measures-can-quickly-cut-global-oil-demand-by-2-7-million-barrels-a-day-reducing-the-risk-of-a-damaging-supply-crunch
I tried to reblog Paul’s post, but something went badly wrong… Ah well.
Why is it politicians are so poor at dealing with situations, facing reality, and thinking constructively about the future? Why is it that the man in the street has absolutely no influence and an ignored voice? The world does not rotate about bl…y meetings, they never solved anything much. The evidence is that only undemocratic despots such as Putin are capable of changing anything. The world must now change. It looks like only energy starvation might galvanize the West into action?
We can hold these people accountable to their own standards. I asked the IEA if they were going to issue an additional Press Release detailing how everyone at IEA was meeting or exceeding their “10 key actions” and if they had any provision for firing any IEA employee who violated that. I asked via a pair of tweets aimed at their announcement and via their online contact form:
https://www.iea.org/contact
Some light reading for the IEA…
The Fossil Fuel Renaissance
Mar 20, 2022
Fossil fuel prices have surged in recent weeks, with coal prices more-than-doubling from the end of Febuary to March 10th.
Demand for key fossil fuels has surged as the anxiety of supply chain disruptions sparked by Russia’s invasion of Ukraine has grown.
China is expected to turn to Indonesia to fill the gap in its coal imports should Russian coal exports be further disrupted.
https://oilprice.com/Energy/Energy-General/The-Fossil-Fuel-Renaissance.html
Shell reconsiders its exit from oil field off Shetland
Published12 hours ago
Energy giant Shell is reconsidering its recent decision to pull investment from a large new UK oil field, the BBC understands.
In December, Shell said the economic case – along with possible regulatory delays – meant it was withdrawing from the Cambo oil field, which is 75 miles off the west coast of Shetland.
At the time the price of crude oil was under $70 a barrel.
It has since touched double that price and has consistently been over $100.
Oil prices are volatile because of fears that Russian oil will either be shunned, or cut off.
The desire to reduce European dependence on Russian exports has also made the UK government willing to fast track investment in domestic fossil fuels.
Shell has not yet sold its interests in the field.
https://www.bbc.co.uk/news/business-60825744
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Government policy changes make this look like a good earner.