I recently read something about Norway going totally green or carbon neutral in the not to distant future while still producing lots of oil. That struck me as half an effort. Either petroleum is killing the planet or not. But the sale of the oil pays for their domestic cleanliness thus rendering their efforts as effectively virtue signaling until the oil runs out. It's almost like NIMBY stood on its head.
Still don't have a clue how non wealthy countries (apparently all of them but Norway) or developing/third world countries that can't even provide their citizens with clean drinking water are going to go all electric/renewable/EV. Perhaps reducing all currencies to Monopoly money and rendering debt moot makes all of this possible.
At this point I feel that I must be missing something, no, wait, everything.
I looked up some consumption numbers in Norway and compared 2020 towards 2019, data missing for december 2020. Here is what i found.
Average oil consumption decreased in 2020 compared to 2019 with 4,5%. (missing 2020 december data)
November 2020 consumption was highest consumption of 2020 (december data missing) at 307000 boepd almost reaching the highest consumption month of 2019 that happened during June at 312000 beopd.
So seems a decrease of 4,5% in 2020 (covid year) compared to 2019 (normal year) in consumption for Norway is what we have as a result.
Mr. Burns, this is very thought provoking, thank you for sharing. I enjoyed it.
In the US, embracing renewable energy on behalf of climate change seems to be the agenda of the privileged wealthy and those that believe they hold the moral high ground because they are "saving the planet." They tend to ignore the costs of the great transition to the average family throughout the world already deep in personal debt struggling to make ends meet.
Make no mistake, the transition to renewables needs to occur, and it clearly is. But it's affordability will require a lot more time, a lot more research, and a lot more hydrocarbons.
Holy Smokes that was informative.
I recently read something about Norway going totally green or carbon neutral in the not to distant future while still producing lots of oil. That struck me as half an effort. Either petroleum is killing the planet or not. But the sale of the oil pays for their domestic cleanliness thus rendering their efforts as effectively virtue signaling until the oil runs out. It's almost like NIMBY stood on its head.
Still don't have a clue how non wealthy countries (apparently all of them but Norway) or developing/third world countries that can't even provide their citizens with clean drinking water are going to go all electric/renewable/EV. Perhaps reducing all currencies to Monopoly money and rendering debt moot makes all of this possible.
At this point I feel that I must be missing something, no, wait, everything.
Thanks so much for the post.
Robert, damn it! I thought I had your handle fixed. I will work on it some more, sorry, Thanks for commenting.
Thank you!
I looked up some consumption numbers in Norway and compared 2020 towards 2019, data missing for december 2020. Here is what i found.
Average oil consumption decreased in 2020 compared to 2019 with 4,5%. (missing 2020 december data)
November 2020 consumption was highest consumption of 2020 (december data missing) at 307000 boepd almost reaching the highest consumption month of 2019 that happened during June at 312000 beopd.
So seems a decrease of 4,5% in 2020 (covid year) compared to 2019 (normal year) in consumption for Norway is what we have as a result.
Mr. Burns, this is very thought provoking, thank you for sharing. I enjoyed it.
In the US, embracing renewable energy on behalf of climate change seems to be the agenda of the privileged wealthy and those that believe they hold the moral high ground because they are "saving the planet." They tend to ignore the costs of the great transition to the average family throughout the world already deep in personal debt struggling to make ends meet.
Make no mistake, the transition to renewables needs to occur, and it clearly is. But it's affordability will require a lot more time, a lot more research, and a lot more hydrocarbons.
Thanks again, this is great !