Don’t like this headline. We should know by now there’s plenty of oil. We’re not going to solve climate w supply scarcity that drives up price. Only w policy that curbs demand. Also a less economically painful way than shortages that lead to price spikes.
Muun muassa Norja on lisäämässä #öljy'ntuotantoaan. Tuotanto nousee nykyisestä 1,3 miljoonasta 1,8 milj. barreliin päivässä vuoteen 2021 mennessä. #ilmastonmuutos #ClimateChange #Oil #FossilFuels
Flood of Oil Is Coming, Complicating Efforts to Fight Global Warming: by
Production of more oil comes at a time when there is growing acknowledgment by governments and energy investors that not all the hydrocarbons in the ground can be tapped if climate change is to be controlled.
New oil supply from Brazil, Canada, Norway & Guyana hitting the market next year threatens to swamp climate goals as world enters critical make-or-break decade for emissions reductions via
O Canada. 🇨🇦 "A surge of oil production is coming, whether the world needs it or not."
"(Norway, Brazil, Guyana and Canada) stand to add nearly a million barrels a day to the market in 2020 and nearly a million more in 2021, on top of the current world crude output of 80 million barrels a day."
Flood of Oil Is Coming, Complicating Efforts to Fight Global Warming
"The flood of crude will arrive even as concerns about climate change are growing and worldwide oil demand is slowing." Looks like an opportunity for some political leadership. #ClimateAction
Brazil, Canada, Norway, and Guyana are all about to start ramping up oil production over the next few years, adding to the glut of crude worldwide and—potentially—giving people more incentive to buy SUVs instead of electric cars: by
Flood of Oil Is Coming, Complicating Efforts to Fight Global Warming
"Peak oil" keeps not happening, and center of gravity in world oil market keeps shifting from MEAST to Western hemisphere. Russia, Saudi, Iran: hard times ahead.
This is bad news for the #climate but good for the global economy for now via
Flood of Oil Is Coming, Complicating Efforts to Fight Global Warming
Flood of Oil Is Coming, Complicating Efforts to Fight Global Warming - (aka, flood of oil keeps coming). ⁦⁩ reports
Flood of Oil Is Coming, Complicating Efforts to Fight Global Warming
as recently as 15 years ago, I was still reading stories about "peak oil." (the graph below is based on 1950s predictions, but some were still sticking to it as late as 2000s). but the problem is now the opposite: more oil than we know what to do with
Cooking Ourselves: Like the fabled frogs bathing in a stove-top pot of slowly warming water, we are reaching out and turning up the burner.
Why are we stepping on the gas pedal and accelerating towards the climate crisis?
Flood of #Oil Is Coming, Complicating Efforts to Fight Global Warming