After reading this, it is becoming obvious that the fossil fuel industry is on a hairs edge of a major disaster. Lots of dead people and marine life. And for what? To make a handful of executives richer than they already are? As green energy starts really taking a hold of the world, these companies will risk it all in order to keep these wealthy elitists fat, dumb and happy.
Since Crude Oil was first discovered its markets have evolved and been driven by for profit interests. So, what would be the “Highest & Best Use” of crude oil? Surely not commuting and maybe not even thundering through the sky at almost the speed of sound, considering there are other fuels and power sources now available There are numerous other synthetic things manufactured by the Petro-Chemical Industries but most of those are also most profitable as single use throw away products and some, from dangerous chemicals and plastics bits & pieces are coming back to haunt all life on Earth.
The very first internal combustion engine built by M. Damlier burned Hydrogen and when the airship he installed it on crashed, M. Damlier took that engine, mounted it on a bicycle and invented something we call the motorcycle. Engine driven motor vehicles have generated vast wealth and overtaken the world as well as modern civilization. One problem is that their emissions are killing life on the planet. Fortunately there are alternatives: wind, solar and geothermal generated electricity and the truly clean Hydrogen fuel that can be manufactured for aircraft, most specifically, as heavy batteries are fine for road vehicles.
But what if there is a wonderful and economic use for crude oil and even if that application and economy is off a few centuries from now, it would be responsible for us to conserve that non-renewable resource for that future need.
Economists use a thought game to try to puzzle out complex issues. So, to use their favorite word, “Assume”: Please assume that huge, miles in diameter pressurized petroleum plastic space ships can voyage between Earth, Mars, the many moons and asteroids of this Solar System and make an excellent profit for all, a self sustaining economy that preserves living nature on earth while providing professions, careers and new lifestyles.
Should this speculation come to pass then every ton of crude we burn up and throw away is one less ton of economic power for those who follow us. About seven generations of Western drivers have thrilled at pushing the petal to the metal. The Iroquois Confederacy required that consideration had to be given to the 7th generation far off in the future, current selfishness and greed do not serve them well.
Great reporting and article! It's clear that until there is a price on climate pollution that is high enough to make fossil fuels uncompetitive, we will continue to see innovation and investment in the destruction of our future.
It's time to close the growing US carbon price gap with an equitable policy and push our carbon price around the world with a CBAM.
Just like the Tobacco Industry claiming cigarettes don't cause cancer. Then changing to Light brands to push for a longer time selling gas/smokes for record profits. Same playbook different day.
I see the Oldman DonOld may be getting his Billion $. (Which is illegal by the way, something about bribery)
Technically, they are not lying, just killing the planet that supports life.
After reading this, it is becoming obvious that the fossil fuel industry is on a hairs edge of a major disaster. Lots of dead people and marine life. And for what? To make a handful of executives richer than they already are? As green energy starts really taking a hold of the world, these companies will risk it all in order to keep these wealthy elitists fat, dumb and happy.
Since Crude Oil was first discovered its markets have evolved and been driven by for profit interests. So, what would be the “Highest & Best Use” of crude oil? Surely not commuting and maybe not even thundering through the sky at almost the speed of sound, considering there are other fuels and power sources now available There are numerous other synthetic things manufactured by the Petro-Chemical Industries but most of those are also most profitable as single use throw away products and some, from dangerous chemicals and plastics bits & pieces are coming back to haunt all life on Earth.
The very first internal combustion engine built by M. Damlier burned Hydrogen and when the airship he installed it on crashed, M. Damlier took that engine, mounted it on a bicycle and invented something we call the motorcycle. Engine driven motor vehicles have generated vast wealth and overtaken the world as well as modern civilization. One problem is that their emissions are killing life on the planet. Fortunately there are alternatives: wind, solar and geothermal generated electricity and the truly clean Hydrogen fuel that can be manufactured for aircraft, most specifically, as heavy batteries are fine for road vehicles.
But what if there is a wonderful and economic use for crude oil and even if that application and economy is off a few centuries from now, it would be responsible for us to conserve that non-renewable resource for that future need.
Economists use a thought game to try to puzzle out complex issues. So, to use their favorite word, “Assume”: Please assume that huge, miles in diameter pressurized petroleum plastic space ships can voyage between Earth, Mars, the many moons and asteroids of this Solar System and make an excellent profit for all, a self sustaining economy that preserves living nature on earth while providing professions, careers and new lifestyles.
Should this speculation come to pass then every ton of crude we burn up and throw away is one less ton of economic power for those who follow us. About seven generations of Western drivers have thrilled at pushing the petal to the metal. The Iroquois Confederacy required that consideration had to be given to the 7th generation far off in the future, current selfishness and greed do not serve them well.
Sincerely; Thomas R. Wilson ~
Great reporting and article! It's clear that until there is a price on climate pollution that is high enough to make fossil fuels uncompetitive, we will continue to see innovation and investment in the destruction of our future.
It's time to close the growing US carbon price gap with an equitable policy and push our carbon price around the world with a CBAM.
https://bit.ly/carbon-price-gap-presentation
Just like the Tobacco Industry claiming cigarettes don't cause cancer. Then changing to Light brands to push for a longer time selling gas/smokes for record profits. Same playbook different day.
I see the Oldman DonOld may be getting his Billion $. (Which is illegal by the way, something about bribery)
Technically, they are not lying, just killing the planet that supports life.