I see YOU forgot to debunk how gases in backyard glass bottles in 1856 demonstrated how CO2 traps heat, and how Exxon scientists confirmed climate projections done by their scientists back in 1977 through to the mid 1980s are
playing out on our watch - as we speak and you deny the science!?
When EXXON confirms climate change - you know it's real. (Despite their and the Koch's brother's hundreds of millions funding online denial campaigns, the Heartland Institute, and general spreaders of FUD about climate science.) Just skipped past these inconvenient truths hey?
Now, the global green funds are big - and now are starting to represent even bigger industries.
But that's all to the good! I'll cover that below. But now - what is WITH your utterly fallacious and fantastical figures?
Uh, where was that sort of money going - from who to whom? That sounds like the Illuminati-stole-my-homework tinfoil hat.
Got some kind of credible evidence?
Woah - one minute it's $2 TRILLION - the next it's $8! Is this like that week Donald Trump solved 7 wars - then it jumped to 10 - then it was back down to 8? Seriously dude - what on earth are you talking about!? It's even more tinfoil hat now - even more unbelievable.
Even the global OIL industry 'only'
makes just under $8 Trillion.
There are 2 REAL figures we need to discuss:
global health costs and global reserves.
Global health costs
4 Prestigious international universities studied fossil fuel pollution.
The global stats are not good. It kills 8 million people a year - that’s 1 in 5 deaths in 2018.
The EXTRA health care costs and flow on damage to our economies is $5 TRILLION a year. With flow on costs, it is MORE than the world actually puts into healthcare. So what do we do? SUBSIDIZE it by giving fossil fuels $400 BILLION in subsidies etc each year.
Stop funding pollution
Here’s the irony! The IEA estimates we only need to spend $4 Trillion a year on the Energy Transition. In other words, the sooner we get this done, the sooner it starts to pay for itself - just on public health grounds alone! Globally we’ll save $5 TRILLION in extra health costs as we give our kids clear skies to enjoy.
https://www.iea.org/reports/net-zero-by-2050
IT’S THE PATRIOTIC THING TO DO!
We’ll save 8 million lives a year, prepare for when oil, gas, and even coal mining all start to peak and decline ANYWAY, have sustainable cheap energy moving into the future, have more money to adapt to the climate change we have already caused,
and bankrupt Petro-Dictators like Vladimir Putin as the world no longer needs the dirty, dangerous product he pushes! It’s just the patriotic thing to do!
Global fossil fuel reserves
Coal will peak and run out
Coal is finite and would RUN OUT in a century if we kept burning it at current rates. Stanford says 2081
http://mahb.stanford.edu/wp-content/uploads/2019/05/Gioietta_1_23.png
http://www.researchgate.net/publica...ical_potential_for_renewable_energy_resources
When Fossil Fuels Run Out, What Then? - MAHB
When will fossil fuels run out?
But before then - about half way through - the easy coal runs out. We hit peak coal which means declining output of ever more expensive coal. This could bankrupt any nation not ready for it!
When will fossil fuels run out?
Peak coal - Wikipedia
Fossil fuels fund people who do not like us very much. Think of Russian gas funding their Ukrainian war, and all those countries in the Middle East that do not approve of western freedom! If we encourage the world to "Electrify everything" and run off wind and solar - boom! They're bankrupt!
Google peak oil and gas. I can't be bothered when the literature is out there and obvious. Discovery rates have been so low we're now eating into oil our grandparents discovered. Discovery hasn't
equalled consumption since the 1980's! We are close - give or take a decade - to the global maximum oil and gas output that humanity will ever produce - and from then on geological constraints will force a reduction in supply.
That thought? 20 years above it used to dominate my every waking moment. It was the stuff of nightmares - of Mad Max and the collapse of society. But now China have ramped up the production of super-efficient wind and solar and EV's so fast, and the costs have come down so much, they are now the cheapest energy the human race has ever enjoyed, period! Even WITH Overbuild and Backup and Super-grid infrastructure to build out the continental super-grids required for 'the law of large numbers' to smooth supply from intermittent wind and solar.
So - fortunately - despite Trump's wild and whacky ideas - the world is saved. America might not be - but hey? You voted for the guy. You get what you deserve if you're going to vote for someone with an incurable personality disorder!
Customers will leave oil before peak oil could happen! Big oil are terrified of EV’s
Big oil are scared as global
demand for oil is about to peak and decline. The IEA tracks EV sales over the last few years:
2020: 5%
2021: 9%
2022: 14%
Why - that looks like a doubling curve!
https://www.iea.org/reports/global-ev-outlook-2023/executive-summary
The IEA predict an oil GLUT by 2028!!! The IEA!
These are the guys the OECD set up to help prevent another 1970's oil crisis!
https://www.iea.org/news/growth-in-global-oil-demand-is-set-to-slow-significantly-by-2028
Which leads us to ask - as Trump ignorantly chants "Drill baby drill!" - by the time the industry scales up if he actually delivers on this silly election promise - who are they going to sell to?
But what is the oil industry themselves saying about all this?
New refineries are coming because they're aware the petroleum and diesel sectors are going to crash! They're worried they are going to struggle to rejig their refinery capacity to new products as diesel and petroleum shrink faster than the refineries can be rejigged. An awful lot of superannuation is tied up in oil reserves and companies and projects that are soon to not even be needed!
https://www.mckinsey.com/industries...s-how-refineries-can-adapt-to-shifting-demand
The IEA, EIA and oil producers are all talking about it.
US is at peak gasoline demand: Phillips 66 | Latest Market News
The RMI has a report on how refineries can adapt to lower fuel demands but still make petro-chemicals and maybe jet fuel. (probably the hardest and last thing to decarbonise.)
Five Ways US Oil Refineries Can Reduce Emissions Today - RMI
But over to you.
Do you accept science? Climate science? Vaccines? Or has Trump stolen your heart and become a bit of an idol for you - distorting your view of reality?
Do you want Americans to die from dirty fossil fuels, or have cleaner air? Because the air can look fine - but be full of dangerous particulates that give you lung cancer and kill people and cause that ridiculous health bill.
Do you want a global market for oil to fund everyone who hates America?
Middle Eastern Muslim monarchies?
Venezuela?
Russia?
Or do you want America to do the patriotic thing, get ahead of the renewables and Electrify Everything revolution, and be a world leader?
Well TOO BAD!
Because Trump and Musk already had their inevitable spat.
Trump's stopped subsidies that might have helped Tesla accelerate their lead.
Musk has also shot himself in the foot by being a crazy-alt-right MAGA, and having the WONDERFUL PR stunt of being the world's richest man while cutting Federal services to the poor.
(Doing certain nasty salutes in public also didn't help).
China's BYD and other EV manufacturers have already won the EV race!
The European and American manufacturers took a shot to the heart a few years ago - they just haven't figured out they are dead and toppled over yet.