Claim: fossil fuel divestment will increase CO2 emissions, not lower them

So what, you may say. But it shows up some of the woolly thinking of so-called climate activists. Lacking viable alternatives, the major role of fossil fuels in the global economy is bound to continue so suppliers will have their market. Believing that trace gases can somehow disturb the climate in a negative way isn’t going to change that.

A global campaign encouraging individuals, organizations and institutional investors to sell off investments in fossil fuel companies is gathering pace. According to 350.org, US$11 trillion has already been divested worldwide.

But, while it may seem a logical strategy, divestment will not lower demand for fossil fuels, which is the key to reducing greenhouse gas emissions.

In fact, it may even cause emissions to rise, argues The Conversation @ Phys.org.

Paris accord pie-in-the-sky ‘climate targets’ undermined by reality

Coal-hungry China [image credit: democraticunderground.com]

Hard to say which is the greater fantasy: the belief in human-caused climate change due to trace gases, or the prescribed attempts to ‘tackle’ the imagined problem. Demand for energy is rising worldwide, meaning attempts to restrict its supply look doomed. One analyst says: “Despite more than two decades of climate policy making, fossil fuel production levels are higher than ever.”

There’s a huge gulf between ambition and reality, reports DW.com.

The world is on track to produce far more fossil fuels than permissible to meet its target of limiting global warming to at most 2 degrees Celsius, and ideally 1.5 degrees C.

That’s the conclusion of the Production Gap Report, created from leading research institutions together with the United Nations Environment Programme (UNEP).

Russian Oil Giant Prepares Massive $157 Billion Arctic Oil Project

Credit: ecologyway.info

Clearly Russia, China and India expect oil consumption to play a big part in their futures, even if some other countries claim to think otherwise due to their ill-conceived drive to demonise man-made carbon dioxide. Potential protesters may be aware that Russia tends to apply a robust response to any attempt to interfere with its commercial activities.

With the help of a tax relief package, Russia’s largest oil producer is preparing to dive into a $157 billion Arctic oil project, reports OilPrice.com.

Reuters quoted Russia’s Deputy Energy Minister Pavel Sorokin as announcing the price tag of the Vostok Oil project to media last week, adding that the Kremlin had already agreed on a tax relief package that would help with the Arctic oil and gas push.

A Call To Arms: Can This World Survive Without Fossil Fuels?

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One for the climate hotheads (and others) to ponder: ‘From one 42-gallon barrel of oil only about half is for fuels while the rest is used to manufacture the chemicals and by-products that are part of our daily lifestyles.’

PA Pundits - International

By Ronald Stein ~

“God, grant me the Serenity to accept the things I cannot change; the Courage to change the things I can change; and the Wisdom to know the difference.”

The afore-quoted Serenity Prayer came to mind while I was writing this because it seems applicable to the world’s citizens who are trying to attain the leadership roles in the save the environment movement before understanding the complexities of the energy picture depicted in the book Energy Made Easy and the advantages energy as a whole has provided humanity for the last couple of centuries.

Because developed countries have accomplished much in the last few centuries, they have a responsibility as caretakers for the only planet we live on right now. Understandably, it’s hard to imagine the billions of people in underdeveloped countries who have yet to experience anything like the industrial revolution and who are surviving without…

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Saudi Arabia’s plan for a $500 billion city is as bizarre as you’d expect

They call it ‘the world’s most ambitious project‘. Mind-boggling expenditure if it ever gets built. The solar city aspect of the plan gets panned here.

The riches of Silicon Valley have enabled some extravagant and quixotic projects, but they’ve got nothing on what oil money can do, says MNNOFA News.

A new report from The Wall Street Journal shares some of the proposals for Saudi Arabia’s biggest megaproject yet: a city built in the desert named Neom, where robots will outnumber humans and hologram teachers will educate genetically-enhanced students.

The details are stunning. It’s a mixture of dystopian fiction (AI surveillance cameras everywhere!) and childish imaginings (let’s build a robot dinosaur park!). Taken together, the plans remind of you what a dedicated nine-year-old can achieve in Minecraft. Yes, the scale and ambition are impressive, but it’s not like you could do this in real life, right?

Cloud seeding? Robot servants? A fake moon!? Sure, why not.

Global energy demand to double by 2050

While many richer countries play fake climate games with their so-called ‘virtue signalling’ energy policies, the not-so-well-off majority try to get more access to those same power sources which are so necessary for better living conditions, e.g. air conditioning in hotter countries, and for general prosperity and health: more schools, hospitals, roads and all the rest.

Global power consumption will more than double over the next 30 years, says The Global Warming Policy Forum (GWPF).

Global oil and gas demand will respectively surge 22% and 66% from 2020 to 2050. There’s an unimaginable urbanization boom occurring around the world that means more energy use.

We, of course, don’t see much of it here in the West, but global cities swell in population by some 80 million people every year: e.g., the rise of the “megacity” with 10 million residents.

Basically all population growth in the decades ahead will take place in urban areas, all of which will be in the still developing nations (non-OECD), where poverty and insufficient access to energy is far more rampant than our worst nightmares could ever imagine.

Permian Pipeline Protesters May Face Decade Behind Bars

Image credit: americaherald.com

Flimsy excuses about ‘saving the climate’ or similar by obstructing lawful work activities won’t pass muster in future, at least in Texas and several other US States. Jail time and financial penalties beckon. Over 40,000 miles of new pipelines are planned in the years ahead. In any case, while the demand for oil and gas is there the supply will go on, one way or another.

If you protest an oil or gas pipeline in Texas, you could face up to 10 years in prison, reports OilPrice.com.

The bill on the verge of becoming law in Texas would classify civil disobedience against the construction of a pipeline in Texas a third-degree felony, putting it on “the same level of felony as attempted murderers,” according to the Texas Observer, or equivalent to sentences handed down to “drive-by shooters who fail to hit their mark,” as Bloomberg put it.

The legislation would elevate pipelines as “critical infrastructure,” classifying them in the same category as power plants and water treatment facilities.

But it would also include projects under construction, going beyond current law, according to the Observer.

Oil and gas majors plan to spend $4.9 trillion on fuel exploration

North Sea oil platform [image credit: matchtech.com]

Stating the obvious, but they’re either going to find a lot of fuel or lose a lot of money. Chances of the demand fading any time soon still look remote, with global consumption at or near 100 million barrels of oil *per day*. Many believers in greenhouse gas theories of course continue to swallow the propaganda that climate disaster lurks around every corner.

Plans by oil and gas majors to spend $4.9 trillion on fuel exploration are “poles apart” from the goal of the Paris climate deal to limit the global temperature rise, a new analysis showed Tuesday.

As greenhouse gas emissions continue to climb annually, a string of warnings from the world’s top climate scientists have questioned mankind’s ability to prevent the worst effects of global warming while sticking with an economy geared around fossil fuels.

In October, the UN’s climate change panel (IPCC) issued a landmark report saying that a 1.5 Celsius target laid out in the Paris accord could only be hit with near-immediate and drastic cuts in production and consumption of oil, gas and coal.

Dominic Lawson: Is Extinction Rebellion a Big Oil conspiracy?

Oxford Circus climate demo [image credit: London Evening Standard]

H/T The GWPF
The actors in the eco-farce playing out on our streets beggar belief, writes Dominic Lawson in The Sunday Times.
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Revealed: the contents of a WhatsApp exchange over the past few days between Brett, the Texas-based head of Huge Oil Inc, and his Mr Fixit in London, Sebastian.

“Howdy, Seb. What’s the latest about the demos we’ve planned to discredit those eco-freaks trying to wreck our business?”

“Hi, Brett. All systems go for Operation Piss-take. You wouldn’t believe there are so many out-of-work actors anxious to make a few bucks pretending to be members of something called Extinction Rebellion.”

“Well, that’s the market working in all its divine beauty, Seb.”

Big Green, Inc. : The money fuelling the environmental left

H/T The GWPF.
A database listing $4.2 billion worth of grants represents a small fraction of the total financial investment and is just the tip of the iceberg, says the Institute for Energy Research.

Today’s environmental movement is fueled by a group of interconnected, left-leaning foundations that are seeking to disrupt the development of America’s energy resources.

In order to understand how these groups work together and where the environmental movement’s funding originates, IER developed Big Green, Inc., a database that tracks environmental grants stemming from 14 foundations and directed to over 1,900 grassroots activists groups and totaling more than $4.2 billion.

Our key findings include:

U.S. energy use rises to highest level ever

In terms of original power sources (i.e. not electricity), the runaway leaders were petroleum and natural gas which between them took over two-thirds of the total share. Coal and nuclear were a distant third and fourth. Best of the rest was biomass at just over 5% of the total, easily more than wind and solar combined.

Americans used more energy in 2018 than in any other year, according to the most recent energy flow charts released by Lawrence Livermore National Laboratory (LLNL).

Overall total energy consumption rose to 101.2 quadrillion BTU (or “quads”), reports TechXplore. The prior record, set in 2007, was 101.0 quads.

Energy use went up by 3.6 percent from 2017, which also is the largest annual increase since 2010.

Do You Really Understand How Shale Gas Companies Drill Horizontally?

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No? Well, join the club and find out from this brief guide for the interested layman.

PA Pundits - International

By Dr. Jay Lehr ~

Admit it, you have no clue. Of course we have all seen the diagrams of Shale Gas Wells with the pipe going vertically down into the ground and then turning a right angle to proceed horizontally where the well will be hydraulically fractured (not Fracked). How is that possible? Can you think of any mechanism underground where pipe could turn ninety degrees and keep the end of the pipe, where the drill bit is spinning 360 degrees, to continue penetrating the rock encountered? Of course you can’t, because it cannot be done. Yet amazingly, surely 90 percent of all folks even remotely interested in the topic of shale gas development do not question the possibility of this impossibility. So read on, this well kept secret will be unveiled.

Hydraulic fracturing flat schematic vector illustration. Fracking process with machinery equipment, drilling rig and gas rich ground…

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Energy giants spent $1bn on climate lobbying, PR since Paris: watchdog

Oil extraction [image credit: ewg.org]

It would be optimistic to expect any business to willingly cave in to pressure to become less successful, or let attempts to demonize it go unchallenged, especially for the sake of shaky climate theories. As long as the demand for their products is there, so will they be. World demand for oil is on the rise, regardless of those who wish otherwise.

The five largest publicly listed oil and gas majors have spent $1 billion since the 2015 Paris climate deal on public relations or lobbying that is “overwhelmingly in conflict” with the landmark accord’s goals, a watchdog said Friday.

Despite outwardly committing to support the Paris agreement and its aim to limit global temperature rises, ExxonMobil, Shell, Chevron, BP and Total spend a total of $200 million a year on efforts “to operate and expand fossil fuel operations,” according to InfluenceMap, a pro-transparency monitor.

Two of the companies—Shell and Chevron—said they rejected the watchdog’s findings, reports Phys.org.

Digital tech is changing the oil exploration game

Oil in Alaska [image credit: businessinsider.com]

The oil industry is not about to go away and die quietly, contrary to the wishes of climate alarmists – far from it.

A new exploration technique has uncovered a deposit containing more than 1.5 billion barrels of crude oil in Alaska’s North Slope, reports OilPrice.com.

Digital technology adoption in all stages of upstream operations in the oil and gas industry has seen a steep rise recently.

While a lot has been written about the benefits of digitizing various aspects of the well-drilling, extraction, and field maintenance processes, there is also another major field where digital tech is changing the game: before the well-drilling even begins.

Understanding physics could lead to big gains in shale oil recovery

Credit: mining.com

A longer delay in the middle of an existing process could be the key to even greater success than is currently being achieved.

Oil companies are missing out on vast sums of recoverable oil in unconventional reservoirs, according to Penn State experts, as Phys.org reports.

The researchers propose that companies are applying tried-and-true transport mechanisms for conventional oil extraction but are hitting recovery stumbling blocks because they are not accounting for the difference in physics found at unconventional reservoirs.

Oil exploration in North Sea ‘to bounce back’ in coming year

North Sea oil platform [image credit: matchtech.com]

Demand for oil shows no signs of fading away any time soon, despite the negativity from climate obsessives.

Oil exploration in the North Sea is expected to begin a bounce back over the coming year, according to analysts Wood Mackenzie.

Drilling in the UK sector in 2018 was at its lowest level since the 1960s, says BBC News.

US court halts construction of Keystone XL oil pipeline

Decision time again [image credit: AP Photo/Tony Gutierrez]

It’s a temporary ban that can be appealed. The circus continues.

A federal judge on Thursday halted construction of the Keystone XL oil pipeline, arguing that President Donald Trump’s administration had failed to adequately explain why it had lifted a ban on the project, reports Phys.org.

The ruling by Judge Brian Morris of the US District Court for the District of Montana dealt a stinging setback to Trump and the oil industry and served up a big win for conservationists and indigenous groups.

IEA: Petrochemicals set to be the largest driver of world oil demand

Oil extraction [image credit: ewg.org]

A recent energy conference was told: “The world will attain the 100 million barrels a day mark of [oil] consumption later this year, much sooner than we all earlier projected.” This report notes that petrochemicals ‘are required to manufacture many parts of the modern energy system, including solar panels, wind turbines, batteries, thermal insulation and electric vehicles’.

Petrochemicals are set to account for more than a third of the growth in world oil demand to 2030, and nearly half the growth to 2050, adding nearly 7 million barrels of oil a day by then, reports Green Car Congress.

They are also poised to consume an additional 56 billion cubic meters (bcm) of natural gas by 2030, and 83 bcm by 2050.

Saudis push back as IPCC talks head into overtime

Another climate meeting, another heavyweight clash of opinions as committing national economic self-harm struggles to catch on. Ho-hum.

International talks on how to present the science around 1.5C of global warming just ran into overtime in Incheon, South Korea, reports Climate Weekly.

National delegates are expected to argue well into Saturday about the feasibility of holding temperature rise to 1.5C – the stretch goal of the Paris Agreement – and its implications for sustainable development.

Life Without Oil Is Not As Simple As You May Think

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A reminder that some people should be careful what they wish for. For example, buried in ‘other products made with Oil’ we find fertilizers, which have greatly boosted world food production.

American Elephants

Use Control + to enlarge.

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