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Page added on March 31, 2024

Is It Time To Abandon the Idea of Phasing Out Oil and Gas?

Despite feigning interest, Big Oil still appears to oppose the global green transition and could well stand in its way. As Saudi’s state oil company leader condemns the green transition and calls for long-term oil production, other major industry players are voicing their scepticism around renewable energy and clean tech. Despite large investments into green energy and carbon-cutting projects from several oil and gas majors, Big Oil still appears to be heavily favouring fossil fuel production.

This month, the CEO of Saudi Arabia’s state-owned oil company Aramco, Amin Nasser, said that the energy transition was failing and called for policymakers to abandon the “fantasy” of phasing out oil and gas, with the demand for fossil fuels expected to continue growing in the coming years. During a panel interview at the CERAWeek by S&P Global energy conference in Houston, Nasser stated, “In the real world, the current transition strategy is visibly failing on most fronts as it collides with five hard realities.” He went on to say, “A transition strategy reset is urgently needed, and my proposal is this: We should abandon the fantasy of phasing out oil and gas and instead invest in them adequately reflecting realistic demand assumptions.”

Nasser has previously caught the energy world’s attention by claiming that oil and gas demand will not peak any time soon, contrary to claims by many energy experts. This came in response to an International Energy Agency (IEA) which predicted that oil, gas and coal demand would peak in 2030. Nasser believes that the IEA view is overly U.S. and Europe-centric, and discards growing demand for fossil fuels in other areas of the world, particularly those countries in the Global South undergoing industrialisation.

The CEO of the world’s largest oil producer does not believe alternative energy sources will be rolled out on the scale required to displace hydrocarbons in the short- to mid-term, despite massive levels of investment in the sector in recent decades. At present, wind and solar energy contribute just three percent of the global energy supply, while electric vehicle (EV) penetration stands at around three percent, Nasser emphasised. In contrast, hydrocarbons continue to account for around 80 percent of the world’s energy supply, falling by just three percent in the last quarter of a century. While the demand for coal is expected to fall, this will be largely replaced by a higher global demand for natural gas – the ‘cleaner’ fossil fuel. Nasser believes that governments are in denial and that a shift to green will not provide enough energy to meet the growing global demand.

During the Houston Conference, other oil and gas executives echoed Nasser’s views on the need for more investment in oil and gas. The CEO of Shell, Wael Sawan, highlighted the difficulties faced by the energy industry due to government bureaucracy in Europe, which was slowing the rollout of renewable energy projects. Meanwhile, Exxon Mobil’s CEO Darren Woods emphasised the continued high demand for petroleum products. He stated, “I think one of the things the policy to date and a lot of the narrative has been very focused on is the supply side of the equation and hasn’t addressed the demand side of the equation. And the impact that price has on demand.” He explained, “At the same time, the cost of converting and moving to a lower-carbon society if that cost is too high for consumers to bear, they won’t pay. And we’ve seen that play itself out in Europe, with some of the farm protests and the yellow vest protests a year or so ago.”

Following the conference, green campaigners criticised Big Oil for undermining the importance of the green transition and global efforts to tackle climate change. David Tong, the global industry campaign manager at advocacy group Oil Change International, stated “It’s no surprise to see misleading claims like this coming at CERAWeek, because fossil fuel companies are the biggest cause of the climate crisis, and their continued political influence is the biggest obstacle to solving it.”

Many energy experts believe that oil majors should not be given such an important part to play in the global green transition, given their significant role in producing greenhouse gas emissions. The oil industry has long fought to quash the development of green energy projects for their own financial benefit, and it seems unlikely that they would give up their healthy oil and gas revenues in favour of a green transition. The oil industry has fought governments for decades over the development of clean technologies. A recent analysis shows that the industry lobbied lawmakers to block support for low-carbon technologies such as solar panels, electric cars and heat pumps as far back as the 1960s.

There are several challenges to achieving a successful global green transition, and it still appears a long way off – given the current contribution of renewable energy to the global energy supply. However, significant progress has been seen in renewable energy and clean technology over the last decade, strongly supported by high levels of public and private funding in the sector, which is expected to continue. Further, while demand for oil and gas is growing, much of this demand is expected to shift to green alternatives as they become available.

By Felicity Bradstock for Oilprice.com

162 Comments on "Is It Time To Abandon the Idea of Phasing Out Oil and Gas?"

WHY elite whitey supertard president greta has grown two ginormous global warming spheres this is a problem for humanity due to climate change its a positive feedback loop is this geoengineering on Thu, 11th Apr 2024 10:33 am

supertards pleae change ur undies after 10 months

please feel at ease among friends we’re all lovers of supremacist muzzies here

supertards pleae change ur undies after 10 months

please feel at ease among friends we’re all lovers of supremacist muzzies here

i knew some wrong when a pretty little white girl ran to a black man arms dead giveaway deeeeeeeeeeeeeeaaaaaaaaaaad giveaway my neighbor got big testicles cuz we see this d000d everyday

WE ATE RIBBBBBBBBBBBBBBS WITH THIS D00D

supertards pleae change ur undies after 10 months

please feel at ease among friends we’re all lovers of supremacist muzzies here

i knew some wrong when a pretty little white girl ran to a black man arms dead giveaway deeeeeeeeeeeeeeaaaaaaaaaaad giveaway my neighbor got big testicles cuz we see this d000d everyday

WE ATE RIBBBBBBBBBBBBBBS WITH THIS D00D

i appoint elite whitey (((supertard))) Alice supertard her title is "the lover" of supremacist muzzies she called for censorship of the convid but took saline solution herself on Fri, 12th Apr 2024 10:05 pm

WHY elite whitey (((supertard))) president Alice want to censor free speech for convid but took saline solution as substitute for convid juice on Sat, 13th Apr 2024 12:49 am

_ALL_ elite whitey supertards Peakoil OG who took the convid juice

PROMTLY EXITED FOR SAINT PETERS

We now have bots and AI run by elite supertard president SIS

ZOMFG first the convid gonna git us

now global warming gonna git us

_ALL_ elite whitey supertards Peakoil OG who took the convid juice

PROMTLY EXITED FOR SAINT PETERS

We now have bots and AI run by elite supertard president SIS

ZOMFG first the convid gonna git us

now global warming gonna git us

WHY elite whitey (((supertard))) president Alice want to censor free speech for convid but took saline solution as substitute for convid juice

Shorton on Sat, 13th Apr 2024 2:31 pm

Hello

ZOMFG first the convid gonna git us

now global warming gonna git us

ZOMFG WHY elite whitey supertard president greta has grown two ginormous global warming spheres this is a problem for humanity due to climate change its a positive feedback loop is this geoengineering were doomed on Sun, 14th Apr 2024 1:02 pm

i appoint supertard president eee supertard his title is

“the lover”

of supremacist muzzies

ZOMFG WHY elite whitey supertard president Greta has grown two ginormous global warming spheres this is a problem for humanity due to climate change its a positive feedback loop is this geoengineering were doomed on Sun, 14th Apr 2024 8:49 pm

ZOMFG first the convid gonna git us

now global warming gonna git us

ZOMFG first the convid gonna git us now global warming gonna git us from the diseased minds of libs on Sun, 14th Apr 2024 8:58 pm

ZOMFG first the convid gonna git us now global warming gonna git us from the diseased minds of libs on Sun, 14th Apr 2024 9:23 pm

why elite whitey supertard president Elon lies when elite whitey supertard Newton made 1st LAW we have spacecraft and exhaust gas pushes against each in vacuum taken as a whole both physical frame and exhaust entity only elongates

supremacist muzzies

Ramadan Bombathon 2024
Final Score
Attacks 157 Kills 808

ZOMFG first the convid gonna git us now global warming gonna git us from the diseased minds of libs on Mon, 15th Apr 2024 8:43 am

I appoint elite supertard president eee supertard

his title is ‘the lover’

of supremacist muzzies

ZOMFG the diseased minds of libs are sayin’ we’re doomed

they also said the convid gona kill all of us.

where did the diseased minds of libs variants go?

ZOMFG the diseased minds of libs wouldnt cause so much damages if they are not authoritarians elite whitey supertard Elon did not ban any diseased minds of libs he simply permits contards to post now global warming is gonna keel us ALL on Tue, 16th Apr 2024 11:48 am

I appoint all AI supertards controlled by elite supertard president sis supertard

their title is ‘the lover’

of supremacist muzzies

_ALL_ OG Elite supertards president of PO who took advaice from DISEASED Minds of LIBS and took MUZZ-19 PROMTLY DEPARTED FOR SAINT PETERS HORRIFIC on Tue, 16th Apr 2024 11:49 am

17M worldwide and ALL PO supertards

THE SCALE OF DESTRUCTION IS HORRIFIC

_ALL_ OG Elite supertards president of PO who took advaice from DISEASED Minds of LIBS and took MUZZ-19 PROMTLY DEPARTED FOR SAINT PETERS HORRIFIC on Tue, 16th Apr 2024 8:30 pm

The disesed minds of LIBS said “Trust the Science!”

Where did the variants go?

Elite Whitey supertard President Putin cured the convid by the disesed minds of libs never forget

Elite darkie supertard president Will Smith cured the convid by the diseased minds of libs never forget the slap heard around the world

This forum was chockful of elite supertard presidents then POOF _ALL_ OG Elite supertards president of PO who took advaice from DISEASED Minds of LIBS and took MUZZ-19 PROMTLY DEPARTED FOR SAINT PETERS HORRIFIC on Tue, 16th Apr 2024 8:43 pm

unfortunately for humanity the elite supertard presidents run complex machines in our societies including NUKULAR plants

The diseased minds of libs destroyed our world completely

This forum was chockful of elite supertard presidents like the english discovered America they had to park the boats far out and walked on fishes to reach the shores and now POOF on Tue, 16th Apr 2024 8:45 pm

ALL in Queue at SAINT PETERS

If I have my way I would clock all disesed minds of libs who bought about this catastrophy

The diseased minds of libs said trust the science and that sent all elite supertard presidents to SAINT PETERS after they MUZZ-19 the scale is HORRIFIC on Wed, 17th Apr 2024 10:52 am

can diseased minds of libs ever be wrong?

they’ve moved on to global warming now
cough cough climate change

the wording is so that they can never be wrong.

Dredd on Wed, 17th Apr 2024 2:32 pm

“Climate Change to Cause $38 Trillion a Year in Damages by 2049” – No

It is time to increase the phase out (Bloomberg)

Dredd on Wed, 17th Apr 2024 2:34 pm

World Ocean Database Project – 4

The diseased minds of libs said trust the science and that sent all elite supertard presidents to SAINT PETERS after they MUZZ-19 the scale is HORRIFIC on Thu, 18th Apr 2024 9:45 pm

The disesed minds of libs are back with global warming and trust the science

I appoint all AI supertards controlled by elite supertard president sis supertard

their title is ‘the lover’

of supremacist muzzies

the diseased minds of libs said trust the science and sent all elite supertard presidents to SAINT PETERS after they MUZZ-19 with reckless abandonment on Fri, 19th Apr 2024 9:20 am

The diseased minds of libs are saying in 2000 no arctic ice and ZOMFG we’re gonna die unless we pay taxes

pay taxes less global warming

dont pay taxes more global warming

only elite master race chink supertards can handle supremacist muzzies on Fri, 19th Apr 2024 11:42 am

the disesed minds of libs not gona cut it

The only way to cure the diseased mind of libs is to have them vaxxed 4 times daily on Fri, 19th Apr 2024 12:27 pm

this is how we make them trust their science

ALL OG PO elite supertard presidents MUZZ-19 themselves with reckless abandonment HASTILY DEPARTED FOR SAINT PETERS on Wed, 24th Apr 2024 4:24 am

The diseased minds of libs told them to trust the science!

HORRIFIC

supertards please change ur undies after 10 months

please feel at ease among friends we’re all lovers of supreamcist muzzies here

Back when the CONvid first started in March 2020 elite whitey supertard president thunderf00t went on self imposed quarantine and I said it smellz and demand immediate amputation on Wed, 24th Apr 2024 4:28 am

ask urself if someone who speaks high british english does he love supremacist muzzies

of course he does

please speak low english

there has never been a convid video from him since

WHY

WHAT HAPPENS TO THE TOTAL DISAPPEARANCE OF ELITE SUPERTARD PRESIDENTS OF PO FORUM

HORRIFIC

IT’S MUZZ-19

MUZZ-19 has semen from DROPOUT-19 IN IT He mixes it using empty paint buckets in his basement on Wed, 24th Apr 2024 4:29 am

WHAT HAPPENS TO THE TOTAL DISAPPEARANCE OF ELITE SUPERTARD PRESIDENTS OF PO FORUM

HORRIFIC

IT’S MUZZ-19

eee on Fri, 26th Apr 2024 11:10 pm

Trump and Supreme court judges and many more that are hidden are working together as King Maker. They are working together to make sure that A king will be able to carry execution and genocide in big scale (think of Jews, News medias people, EPA, Bill Mayer, John Steward, Blinken and so) with total immunity. These people want your blood more that I do, if it is possible. It is so obvious that they even not hiding it anymore.

https://www.youtube.com/watch?v=6zFPB9PHSxA

King Maker definition: A kingmaker is a person or group that wields significant influence over the choice of candidates for royal or political succession, even though they themselves are not viable candidates. These influential figures may employ various means—such as political maneuvering, financial resources, religious backing, or military support—to shape the outcome of succession.

eee on Fri, 26th Apr 2024 11:17 pm

The King Maker group is slowly setting the stage so a King could kill anyone he wants with full immunity. I told they are not hiding it anymore. They want your blood more then I do.

Justice Sotomayor Asks Trump’s Lawyer If A President Could Get Immunity For Assassinating A Rival

https://www.youtube.com/watch?v=cE7f6J19AIw

ee on Fri, 26th Apr 2024 11:48 pm

I will give my prediction. No King will show up to help Québec, Canada and the US. Nobody will show up. Things will get worse and worse until the electrical stop in a permanent manner. I want to walk over your fucking cadavers for stealing my right to carry handguns on my bought without a licence.

I can already see the cadavers on the ground.

eee on Fri, 26th Apr 2024 11:54 pm

I was not supposed to write comment anymore,. but I laugh when I saw this tentative to install a King. You will not be able to install a King of quality. The best you have to look forward is Trump and he is not that good, wise and moral. The West is done forever.

eee on Sat, 27th Apr 2024 12:56 pm

If I was a King, I would kill everyone that is on that chart, for high treason. this is how you remove communists from a nations, with a heavy killing program .

https://upload.wikimedia.org/wikipedia/commons/d/dc/CIA_ORG_Structure.svg

ee on Sat, 27th Apr 2024 1:08 pm

These are some of the people that will be executed at Harward university social department for high treason.

https://socialscience.fas.harvard.edu/about-division-social-science/people/

The executions list of communists is already available free of charge on the web.

ee on Sat, 27th Apr 2024 1:10 pm

This is a more complet list of the Harward university social department communists traitors. The list is missing the teachers.

https://bpb-us-e1.wpmucdn.com/websites.harvard.edu/dist/6/132/files/2023/09/SocSciDivOrgChart.pdf

ee on Sat, 27th Apr 2024 1:13 pm

Some more people to be execurt5ed for high treason from the university of Harvard.

https://wgs.fas.harvard.edu/people/people-terms/staff

eee on Sat, 27th Apr 2024 1:25 pm

Some more communists people to be executed for high treason and internal destruction of the US from within.

https://wgs.fas.harvard.edu/people/people-terms/faculty

eeedd on Sun, 28th Apr 2024 1:34 pm

They knew that Whites nations would be destroyed the communists Jews. They need to transferred the natural ressources (cooper, steal, silver, ..) left to China to save earth manufacturing knowledge. Saving China is equivalent to save manufacturing knowledge for the next generation. They are killing everyone in the West to achieve this goal.

Normally the West would be hunting down every Jewish person in the world and bombing Israel to nothingness. Whites people are just losers and cowards that loves communism.

https://www.youtube.com/watch?v=mRLWIozG0Ds

eeedd on Sun, 28th Apr 2024 1:47 pm

The west is destroyed and will never be rebuild. China need to survive as it contains most of the manufacturing knowledge of the world. China has to survive and the West is expendable and has no real value to offer. The West will be remove from the international supply chain once the natural ressources get to scarce.

You still love your fucking Jews. Still in love with Israel. Fucking Whites people, fucking coward with no courage.

eee on Sun, 28th Apr 2024 2:38 pm

I found that on the internet. I mentioned some of these things in some of my comments on this website

John D. Rockefeller secret covenant THE SECRET COVENANT

An illusion it will be, so large, so vast it will escape their
perception.

Those who will see it will be thought of as insane.

We will create separate fronts to prevent them from seeing the
connection between us.

We will behave as if we are not connected to keep the illusion alive.
Our goal will be accomplished one drop at a time so as to never bring
suspicion upon ourselves. This will also prevent them from seeing
the changes as they occur.

We will always stand above the relative field of their experience
for we know the secrets of the absolute.

We will work together always and will remain bound by blood and
secrecy. Death will come to he who speaks.

We will keep their lifespan short and their minds weak while
pretending to do the opposite.

We will use our knowledge of science and technology in subtle
ways so they will never see what is happening.

We will use soft metals, aging accelerators and sedatives in
food and water, also in the air.

They will be blanketed by poisons everywhere they turn.

The soft metals will cause them to lose their minds. We will
promise to find a cure from our many fronts, yet we will
feed them more poison.

The poisons will be absorbed trough their skin and mouths,
they will destroy their minds and reproductive systems.

From all this, their children will be born dead, and we will conceal
this information.

The poisons will be hidden in everything that surrounds them,
in what they drink, eat, breathe and wear.

We must be ingenious in dispensing the poisons for they
can see far.

We will teach them that the poisons are good, with fun images
and musical tones.

Those they look up to will help. We will enlist them to
push our poisons.

They will see our products being used in film and
will grow accustomed to them and will never know
their true effect.

When they give birth we will inject poisons into the blood
of their children and convince them its for their help.

We will start early on, when their minds are young, we will
target their children with what children love most, sweet
things.

When their teeth decay we will fill them with metals
that will kill their mind and steal their future.

When their ability to learn has been affected,
we will create medicine that will make them sicker and cause other
diseases for which we will create yet more medicine.

We will render them docile and weak before us by our power.

They will grow depressed, slow and obese, and when they
come to us for help, we will give them more poison.

We will focus their attention toward money and material goods
so they many never connect with their inner self. We will distract
them with fornication, external pleasures and games so they may
never be one with the oneness of it all.

Their minds will belong to us and they will do as we say.
If they refuse we shall find ways to implement mind-altering technology
into their lives. We will use fear as our weapon.

We will establish their governments and establish opposites within.
We will own both sides.

We will always hide our objective but carry out our plan.

They will perform the labor for us and we shall prosper from their toil.

Our families will never mix with theirs. Our blood must be pure
always, for it is the way.

We will make them kill each other when it suits us.

We will keep them separated from the oneness by dogma and religion.

We will control all aspects of their lives and tell them what to think and how.

We will guide them kindly and gently letting them think they are guiding
themselves.

We will foment animosity between them through our factions.

When a light shall shine among them, we shall extinguish it by ridicule,
or death, whichever suits us best.

We will make them rip each other’s hearts apart and kill their own children.

We will accomplish this by using hate as our ally, anger as our friend.

The hate will blind them totally, and never shall they see that from their
conflicts we emerge as their rulers. They will be busy killing each other.

They will bathe in their own blood and kill their neighbors for as long
as we see fit.

We will benefit greatly from this, for they will not see us, for they
cannot see us.

We will continue to prosper from their wars and their deaths.

We shall repeat this over and over until our ultimate goal is
accomplished.

We will continue to make them live in fear and anger
though images and sounds.
We will use all the tools we have to accomplish this.

The tools will be provided by their labor.

We will make them hate themselves and their neighbors.

We will always hide the divine truth from them, that we are all one.
This they must never know!

They must never know that color is an illusion, they must always
think they are not equal.

Drop by drop, drop by drop we will advance our goal.

We will take over their land, resources and wealth to exercise total
control over them.

We will deceive them into accepting laws that will steal the little
freedom they will have.

We will establish a money system that will imprison them forever,
keeping them and their children in debt.

When they shall ban together, we shall accuse them of crimes and present a
different story to the world for we shall own all the media.

We will use our media to control the flow of information and their sentiment
in our favor.

When they shall rise up against us we will crush them like insects, for
they are less than that.

They will be helpless to do anything for they will have no weapons.

We will recruit some of their own to carry out our plans, we will promise them
eternal life, but eternal life they will never have for they are not of us.

The recruits will be called “initiates” and will be indoctrinated to believe
false rites of passage to higher realms. Members of
these groups will think they are one with us never knowing the truth.
They must never learn this truth for they will turn against us.

For their work they will be rewarded with earthly things and great titles,
but never will they become immortal and join us, never will they receive
the light and travel the stars.

They will never reach the higher realms, for the killing of their own kind
will prevent passage to the realm of enlightenment. This they will never know.

The truth will be hidden in their face, so close they will not be able to focus
on it until its too late.

Oh yes, so grand the illusion of freedom will be, that they will never know they
are our slaves.

When all is in place, the reality we will have created for them will own them.
This reality will be their prison. They will live in self-delusion.

When our goal is accomplished a new era of domination will begin.

Their minds will be bound by their beliefs, the beliefs we have established
from time immemorial.

But if they ever find out they are our equal, we shall perish then. THIS THEY
MUST NEVER KNOW.

If they ever find out that together they can vanquish us, they will take action.

They must never, ever find out what we have done, for if they do, we shall
have no place to run, for it will be easy to see who we are once the veil has
fallen. Our actions will have revealed who we are and they will hunt us down
and no person shall give us shelter.

This is the secret covenant by which we shall live the rest of our present
and future lives, for this reality will transcend many generations and life
spans.

This covenant is sealed by blood, our blood. We, the ones who from
heaven to earth came.

This covenant must NEVER, EVER be known to exist. It must NEVER, EVER
be written or spoken of for if it is, the consciousness it will spawn will release
the fury of the PRIME CREATOR upon us and we shall be cast to the depths
from whence we came and remain there until the end time of infinity itself.

eee on Sun, 28th Apr 2024 2:47 pm

Some of who must ask yourself these questions, who am I, where I come from, who is helping me , how powerful am I.

eee on Sun, 28th Apr 2024 3:59 pm

The destruction of the West by communists is a complete success. Notice that Americans are not fighting against anti-guns laws in the US, Canada, Europe, Australia. Why is that ? Because Whites people of quality have abandoned the West and they won’t be there to help you rebuild the West. Some are waiting to die, some have move to South East Asia.
You lost the West permanently. It was part of the plan and it worked perfectly well, Natural ressources will go to China first and the West will be starved to death of natural resources. You still love your fucking Jews.

China must survive because it contains the industrial base or the industrial memory of the world on how to manufacture goods. The West can be flushed down, as planned decades ago.

eee on Sun, 28th Apr 2024 4:12 pm

The political leadership in the West are all communists bought and pay for by the cabal: Trudeau, Legault, Marcon, Ursula, all of them. Why are they still alive.

eee on Sun, 28th Apr 2024 4:17 pm

If you live in the West and cannot immigrate to either Brazil of South East Asia, considered yourself already dead, The West will not be rebuild after the collapse.

ee on Sun, 28th Apr 2024 4:25 pm

I will give you the next step as planned decades ago. China must survive. As natural ressources become almost depleted, the West will deleted from the international supply chain, leaving the West without finish goods and killing everyone living in these nations.

You should not have taken away firearms form people.

eee on Sun, 28th Apr 2024 4:44 pm

The only think the US has left is the US dollars. The US will have to defend the US dollars and raise interest rte otherwise people will abandon the US dollar in international trade settlement. You will have to raise rate to something like 15 to 20% to defend it. That is all you have left, after that is light out for the US and the West in general.

eeed on Sun, 28th Apr 2024 5:07 pm

The West has lost and will never be rebuild.

Is It Time To Abandon the Idea of Phasing Out Oil and Gas?

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