Tuesday Dec 06, 2022

Biden And ESG Community Mandating Reductions In Supply To Meet Increasing Demands For Crude Oil Products – OpEd – Eurasia Review

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Divesting in crude oil supplies that provides products and fuels for continuously increasing demands by consumers, guarantees shortages and inflation on society.

Life Without Oil is NOT AS SIMPLE AS YOU MAY THINK as renewable energy is only intermittent electricity from breezes and sunshine as NEITHER wind turbines nor solar panels can manufacture anything for society.

The demand for fuels to move the heavy-weight and long-range needs of more than 50,000 jets for the military, commercial, private and the President’s Air Force One, and the more than 50,000 merchant ships that move products throughout the world are also manufactured from the supply of crude oil.

Today, there is a lost reality that the primary usage of crude oil  is NOT for the generation of electricity, but to manufacture derivatives and fuels which are the ingredients of everything needed by economies and lifestyles to exist and prosper. Energy realism requires that the legislators, policymakers, media, and the investment community begin to understand the staggering scale of the decarbonization movement.

Pervasive ignorance about crude oil usage and divesting in the oil and gas industry could do irreparable harm to the industry, as well as inflict supply shortages and soaring prices  upon consumers for the lesser number of products manufactured from crude oil, to meet the growing demands from society. Constraining crude oil supplies to meet growing demands guarantees shortages and inflation on society.

Looking back less than 200 years, we had a decarbonized society with no coal fired power plants, no natural gas power plants, and the Beverly Hillbillies had not yet discovered oil. It’s easy to see how civilization has benefited from more than 250 leading-edge, hydrocarbon processing licensed refining technologies used by the more than 700 refineries worldwide that service the demands of the eight billion people living on earth with more than 6,000 products made from the oil derivatives manufactured out of raw crude oil at refineries. None of these products were available to society before 1900.

Escalating climate change pressures 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 short memories of petrochemical products and human ingenuity being the reasons for the world populating from 1 to 8 billion in less than two hundred years shown clearly in the United Nations graph.

The current fossil fuel infrastructure is less invasive than mining for the exotic minerals and metals required to create the batteries needed to store “green energy”. In developing countries, these mining operations exploit child labor, and are responsible for the most egregious human rights’ violations of vulnerable minority populations. These operations are also directly destroying the planet through environmental degradation. The 2022 Pulitzer Prize nominated book “Clean Energy Exploitations – Helping Citizens Understand the Environmental and Humanity Abuses That Support Clean Energy, does an excellent job of discussing the lack of transparency to the world of the green movement’s impact upon humanity.

Crude oil is virtually useless, unless it’s manufactured (refineries) into oil derivatives that are the basis of more than 6,000 products in our daily lives that did not exist before the 1900’s, and the fuels to move the heavy-weight and long-range needs of more than 50,000 aircraft for military, commercial, private and the President’s Air Force One, and more than 50,000 merchant ships, and the military and space programs.

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Source: https://www.eurasiareview.com/14062022-biden-and-esg-community-mandating-reductions-in-supply-to-meet-increasing-demands-for-crude-oil-products-oped/

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