Peak Oil Nonsense - A Western Woke Concept - Part 125 Jan 2021 21:10
It is a remarkable achievement of mankind, to have developed sufficient energy sources thanks to the industrial revolution, that we have arrived at a point in history, roughly 170 years later, where people imagine the unreliable systems they struggled with prior to 1850 will be the answer now.
History not to mention physics and engineering is clearly a mystery to such people. Including Mr Looney who now heads up BP - a very poor choice to lead such a huge company - as a left leaning woke he would have been the establishment's ideal candidate to be DG at the BBC.
As in so many other areas of life, California gives us a peek into the future. Regular statewide power blackouts in the world's sixth largest economy. And still they charge ahead into the 'future'.
Apart from the UK, and parts of Europe and the USA, much of the rest of the world is not following this child like delusion that we're facing runaway climate change. Most Governments, especially those of emerging Nations that have had their finances trashed by Covid, will want cheap and reliable energy, and will be in no position to grant the huge renewable subsidies required for them to be remotely competitive.
As a consequence, the 'carbon runoff' in the emerging nations that contain nearly 90% of the world's population, and which has bolted on a population increase equivalent to the entire population of the West in less than 15 years, is still majoring on coal to produce electricity, never mind going "green" by switching to nat gas and oil.
It took most of the West 50 years to produce more electricity from gas, oil, nuclear, hydro and renewables combined compared to coal (Germany still produces 25% from coal and Poland 80%).
Despite China annually importing more oil than the entire annual production of Saudi Arabia and the North and Norwegian Sea combined, and being the world's second largest LNG importer, it has per capita oil and gas consumption around one eighth and one tenth respectively of the West according to latest data provided by BP, and China still generates 60% of its electricity from coal( forecast to only drop to a third by 2050) - and China is LEADING most of the emerging Nations in the switch to gas and oil, and to a much lesser extent renewable energy.
The other 3.4 billion of the 4.8 billion population of China, SE Asia and India currently has a per capita oil and gas consumption of between 10 and 15 times lower than the West.
Anyone predicting the imminent demise of global oil and gas consumption should travel across the emerging Nations of the World to disabuse themselves of that ridiculous notion, mostly pedalled by grandstanding, self serving western politicians disingenuously acting to embellish their "green credentials'.
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