Climate Change

[aveatry]

If EVs continue to improve and get cheaper as the industry expects then oil demand will drop and fewer new wells will be needed.

It's not a dying industry but it's one that is going to be smaller in the future.

Meanwhile

Exclusive: Stellantis resurrects diesel cars across Europe amid EV retreat

Fiat-to-Jeep owner Stellantis is quietly resurrecting diesel versions of at least seven car and passenger van models across Europe as it retreats from electric vehicles, according to a review of dealer websites and company statements to Reuters.

www.reuters.com

 

[transam]

Norway set up a national wealth fund for there oil / gas revenue

If I recall correctly

It was instigated by an Iraqi fella who was high up in there oil industry and

fled Saddams rule back in the day and sort refuge in Norway ??? He was interviewed about his life on radio 4 some while back

 

[MNW67]

Norway set up a national wealth fund for there oil / gas revenue

If I recall correctly

It was instigated by an Iraqi fella who was high up in there oil industry and

fled Saddams rule back in the day and sort refuge in Norway ??? He was interviewed about his life on radio 4 some while back

Doing the same would have had massively less significance here. Norway has ten times fewer people than the UK and has made three times more money out of their resources. So, their pot is thirty times bigger per person than ours would have been.

 

[transam]

Doing the same would have had massively significance here. Norway has ten times fewer people than the UK and has made three times more money out of their resources. So, their pot is thirty times bigger per person than ours would have been.

Yes there wealth fund is massive

And they had good fore sight

Not in the EU either afaik

 

[IT Minion]

Meanwhile

Exclusive: Stellantis resurrects diesel cars across Europe amid EV retreat

Fiat-to-Jeep owner Stellantis is quietly resurrecting diesel versions of at least seven car and passenger van models across Europe as it retreats from electric vehicles, according to a review of dealer websites and company statements to Reuters.

www.reuters.com

There's always going to be a Nokia or Kodak when the market changes.

 

[fixitflav]

and just to counter the silly argument about we sell it all on international markets and ours is too sweet or thin; our gov could commandeer it and other markets would trade some of ours for some of theirs. and even if they didn't, we could still make everything we need albeit in a less efficient manner.

I always thought that argument was clutching at straws, and even if it were true it would be better to get it ourselves than via Norway

it is a very tricky balance stabilising our global climate/atmosphere and not destroying our economy.

The present lot are leaning in the direction of destroying our economy .

 

[aveatry]

You have been lied to for years, the earth makes its own oil - it is basically an oil producing factory, it will never "run out"

 

[noseall]

You have been lied to for years

About what?

, the earth makes its own oil

Crude oil?

- it is basically an oil producing factory, it will never "run out"

Are you attempting to say, crude oil is being replaced (by the earth) at the same rate it is being consumed?

 

[IT Minion]

About what?

Crude oil?

Are you attempting to say, crude oil is being replaced (by the earth) at the same rate it is being consumed?

There's a fringe conspiracy theory that oil just materialises without the need for millions of years of plant matters being crushed under massive weight and pressure. Abiotic oil.

It's not quite as ludicrous as flat-earthism, but it has just as much traction in academia. You only hear about it from people who've really gone off the deep end.

Abiogenic petroleum origin - Wikipedia

en.wikipedia.org

 

[noseall]

There's a fringe conspiracy theory that oil just materialises without the need for millions of years of plant matters being crushed under massive weight and pressure.

It's not quite as ludicrous as flat-earthism, but it has just as much traction in academia. You only hear about it from people who've really gone off the deep end.

I suppose the argument clincher for the tin foil hatters, when they say 'it'll never run out' means that there will always be traces of crude oil somewhere on/in the Earth. Hence my succinct question....

Are you attempting to say, crude oil is being replaced (by the earth) at the same rate it is being consumed?

 

[blup]

Back to the original question: Of course man made "climate change" is a lie.

We have objective evidence of it: The US, with access to the best scientists, the greatest funding in the world to do the research, has taken the measured decision to revoke its so called "green policies". Why would it do this if that research and those scientists weren't whispering the truth into the administration's ear ...

A tiny minor scientists tow the Trumpf line.

 

[aveatry]

Brigadier said it himself

If I recall correctly, Azerbaijan is as rich as it is because oil literally did bubble out of the ground,

 

[aveatry]

There's a fringe conspiracy theory that oil just materialises without the need for millions of years of plant matters being crushed under massive weight and pressure. Abiotic oil.

It's not quite as ludicrous as flat-earthism, but it has just as much traction in academia. You only hear about it from people who've really gone off the deep end.

Abiogenic petroleum origin - Wikipedia

en.wikipedia.org

Earth Is An Oil-Producing Machine — We're Not Running Out

Ever since M. King Hubbert in the 1950s convinced a lot of people with his "peak oil" theory that production would collapse and we'd eventually exhaust our crude supplies, the... Read More

www.investors.com

 

[IT Minion]

Earth Is An Oil-Producing Machine — We're Not Running Out

Ever since M. King Hubbert in the 1950s convinced a lot of people with his "peak oil" theory that production would collapse and we'd eventually exhaust our crude supplies, the... Read More

www.investors.com

Yeah, it's *******s.

Or to be more accurate, abiotic oil can occur in theory but we've never found any extractable oil that seems to have occurred that way.

Investors business daily is not a peer reviewed journal.