Biden and ESG community demand supply cuts to meet growing demand for crude oil products – OpEd – Eurasia Review
The divestiture of the crude oil supply that provides products and fuels for ever-increasing consumer demand, guarantees shortages and inflation upon society.
LIFE WITHOUT OIL IS NOT AS SIMPLE AS YOU MIGHT THINK because renewable energy is just intermittent electricity from the breeze and the sun, because neither wind turbines nor solar panels can make anything for society.
Demand for fuels to move the heavy, long-range needs of more than 50,000 jets for the President’s military, commercial, private and Air Force One, and the more than 50,000 merchant ships that carry commodities around the world are also manufactured crude oil supplies.
Today there is a lost reality that the main use of crude oil is NOT for generating electricity, but for making derivatives and fuels that are the ingredients of everything economies and lifestyles need to exist and thrive. Energy realism demands that legislators, policymakers, the media, and the investment community begin to understand the staggering scale of the decarbonization movement.
Widespread ignorance of the use and divestment of crude oil in the oil and gas industry could cause irreparable harm to the industry, as well as inflict supply shortages and price spikes on consumers for fewer products made from crude oil, in order to meet the growing demands of society. Limiting supplies of crude oil to meet growing demand guarantees shortages and inflation on society.
Looking back less than 200 years, we had a low-carbon society with no coal-fired power plants, no natural gas-fired power plants, and the Beverly Hillbillies had yet to discover oil. It’s easy to see how civilization has benefited from more than 250 state-of-the-art licensed hydrocarbon processing refining technologies used by more than 700 refineries worldwide that meet the demands of the eight billion people living on earth with more than 6,000 products made from petroleum derivatives made from crude crude oil in refineries. None of these products were available to the company before 1900.
Growing pressures from climate change are strangling capital flows for oil and gas producers, driving up the price of gasoline, electricity and home heating. World leaders and the environmental, social and governance (ESG) movement that are setting policies to rid the world of fossil fuels, have a short memory of petrochemicals and human ingenuity being the reasons for the world populated from 1 to 8 billion in less than two hundred years clearly indicated in the United Nations graphic.
Today’s fossil fuel infrastructure is less intrusive than mining the exotic minerals and metals needed to create the batteries needed to store “green energy.” In developing countries, these mining operations exploit child labor and are responsible for the most flagrant violations of the human rights of vulnerable minority populations. These operations also directly destroy the planet through environmental degradation. The book nominated for the 2022 Pulitzer Prize “Clean Energy Exploits – Helping citizens understand the environmental and human abuses that support clean energydoes a great job of discussing the lack of transparency to the world about the impact of the green movement on humanity.
Crude oil is virtually useless unless it is processed (refineries) into petroleum derivatives that are the basis for more than 6,000 products in our daily lives that did not exist before the 1900s, and fuels for moving heavy and long range needs. more than 50,000 military, commercial, private and President’s Air Force One aircraft, and more than 50,000 merchant ships, and military and space programs.
With today’s technology to work and educate remotely, via virtual connectivity, we should reallocate resources to get people out of cities and back into rural areas. It’s time to focus on adaptation, conservation and resource efficiency. Systems must be rebalanced, natural and symbiotic, rather than parasitic, and we must subordinate technology rather than allowing it to govern us. Oil is a magical substance when used correctly and burned cleanly, but it can be the death of us all if misused.
Climate change is expected to cause around 250,000 additional deaths per year between 2030 and 2050 from malnutrition, malaria, diarrhea and heat stress. However, efforts to end the use of crude oil could be the greatest threat to civilization’s eight billion, and being mandated to live without oil and more than 6,000 products and the various fuels made from petroleum will require lifestyles that date back to the days of the horse and buggy of the 1800s and can lead to billions, not millions, of deaths from disease, malnutrition and to weather-related deaths trying to live without the fossil fuels that now benefit society.
Climate change and life without oil can be devastating to the global economy, but which is the lesser of two evils?
The world needs to REDUCE, not ELIMINATE crude oil and reduce its footprint as much as possible and practical, as this may truly be the only plan that will work to save most of the planet’s eight billion people.