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Testpack3,
The oil price will soon shoot back up.
The current price is obviously down to the main oil producers not wanting to cut production, but mainly due to the Coronavirus, which has now caused the oil companies to temporarily stop pumping as they have nowhere to store it, so a result to production be default.
There are many tankers that are stuck out at sea or in ports as they can not unload due to all the storage capacity being full, this at a cost of over £500,000 per day.
It has already been suggested that when the world oil use begins to resume toward normal levels, as the oil producers have temporarily capped production temporarily shutting down fields, which will take time to re-pump (not like just turning on a tap), the post crisis price has been hinted after a few months to go back to pre crisis prices and probably far higher.
A decent read sharesport, but there are a couple of elephants in the room. Oil is priced so low at present it will gain popularity with 'big' energy consumers, since. unfortunately, it is still money which makes The World go around. Second is the nightmare of stupid Americans re-electing Trump for a second term. He initially called CV19 a 'Democratic hoax', which his supporters deny, although he is on camera saying it. He, and his supporters are liars. He is removing 'green' regs. on energy, even in California, by far the 'greenest' State. He is a danger, not only to America, but to The World.,
Nothing new in that there blog though is there .? Words and actions, words and actions.... His words are save the planet, his actions are to try and get as big a chunk of PHE without giving much in return (except peel which is great but can't ride on that one deal for the rest of time..)
Thanks Kenny and same to you mate - appreciate the updates
sharesport..............Nice find..........REC
https://www.waste2tricity.com/press/
W2T Press dated today
https://www.waste2tricity.com/wp-content/uploads/2020/04/Covid19-impact-on-climate-change.pdf
Part 2
The point at which climate change becomes irreversible is already perilously close. Tiny glimmers of
hope have appeared recently. More people are aware of the threat. Concepts like flight shaming did
not exist five years ago. Net zero targets weren't discussed at COP21 in Paris in 2015.
But no country which has set a net zero target yet has a credible plan for achieving it. But can
COVID-19 make the world reimagine a life without fossil fuels?
In November COP26 was due to take place in Glasgow with Britain in the chair. This delay, which is
understandable in the unique circumstances created by Covid-19, must be used to ensure that when
it eventually takes place COP26 commits the world to the most far reaching programme of carbon
reduction measures ever contemplated.
Britain, in its capacity as President of the meeting, should seize the opportunity caused by the
postponement to demonstrate its diplomatic skills by brokering as much agreement in advance as
possible. Maybe a virtual summit meeting of heads of government could take place in November at
which the UK could set out its aspirations for what COP26 will achieve in the summer of 2021?
In one respect COVID-19 is creating an unexpectedly favourable backdrop. The economic slump it is
causing will be the worst since the Industrial Revolution kicked off the huge unique economic
expansion two centuries ago which has enriched billions of people. This slump will trigger the
biggest year-on-year fall in carbon emissions of modern times.
In an AC world we will see millions of jobs lost and a sharp decline in GDP in almost every country.
And so, nations will re-evaluate how we live as a society. This evaluation must surely factor in a way
to live carbon-free. By embracing electricity and hydrogen we can make all surface transport zero
carbon now. COVID-19 is making every person evaluate their own lives and indeed the force and
power of nature. Surely if we will be changing our habits in an AC world, we can also kick our
reliance on fossil fuels and plastics?
By reimagining a world post-AC, we can reduce the carbon intensity of the world economy - one
silver lining to the COVID-19 storm that we are navigating. Indeed, the chaos from COVID-19 will be
a walk in the park when compared to the chaos that climate change will bring.
Part 1
CAN COVID-19 FORCE US TO REIMAGINE A GREENER WORLD?
By Tim Yeo, Chairman of Waste2Tricity and former Environment Minister
The immediate impact of Covid19 is being sharply felt across the world, highlighting the fragility of
the world in which we live. And, as the world grapples with this impact there must be an eye on the
horizon, looking beyond today and what life will look like After Covid (AC).
In terms of how society functions there must be an impact on travel. The world was made a lot
smaller at the end of last century by low-cost air travel but there will inevitably be less long-haul
travel.
Questions will surely be asked by Governments on migration and movement. Will we be free to
travel across the globe without restrictions? The ease of travel has surely been a factor in how this
pandemic was created.
My hope is that the experience of coming together successfully to tackle one threat to humanity
may inspire us to focus more intensively on another equally perilous danger - climate change.
Climate change is an existential threat to the human species. Unless climate stability is restored
immediately humans won't survive. To stabilise the climate action must now be taken on a scale
never previously contemplated. The nature of this threat has been known for thirty years yet the
world remains complacent. Even the language used is misleading. "Global warming" suggests
pleasant Mediterranean weather in previously cold countries, not violent storms and floods,
dangerously rising water levels forcing mass migration, unbearably hot summers and severe
droughts killing millions of people.
Our science and climate models now show that ‘business as usual’ policies will make much of the
world very uncomfortable for humans to live in by the end of this century.
Net zero must therefore be reached long before 2050 - probably not later than 2035