A recent report by the International Energy Agency (IEA) looks at the specifics on size, growth, and financials behind the fossil fuel industry, namely for coal, oil, and natural gas. I chat about some highlights and lowlights in this gargantuan report. A couple surprises, for me at least. Nationally Owned (Fossil Fuel) Companies (NOCs) are responsible for over half of the GHG emissions, and own over 60% of the fossil fuel reserves on the planet. We often scapegoat the so-called “majors” oil companies, however their emissions are only about 13% of the total. In reality, we are often concerned about the high level of fossil fuel subsidies, when the biggest culprit is actually country governments that own “nationalized” oil companies that are culpable for the bulk of global emissions and own the bulk of the fossil fuel reserves. No wonder they do not want to cut production, since they would lose vast taxation revenue and profits. Gargantuan Report: “The Oil and Gas Industry in Net Zero Transitions” iea.blob.core.windows.net/assets/f065ae5e-94ed-4fcb-8f17-8ceffde8bdd2/TheOilandGasIndustryinNetZeroTransitions.pdf Please donate to PaulBeckwith.net to support my research and videos as I join the dots on abrupt climate system mayhem.

@klondike444

Ай бұрын

Paul, you are still tunnel-visioned. Emissions are a great threat, but there'll be no transition to "clean energy". Modern economies rely on oil, extraction of which appears to have already peaked, i.e. peak supply. By not researching energy and focusing all your criticism on the fossil fuel industry you're missing half the story. In the future there will be less energy and fewer people. We've made it unavoidable.

Government owned oil companies, oil company owned governments... a distinction without a difference. Not sure how we get to a place where hard decisions can be made and executed despite massive concentrations of entrenched corruption and accellerartionist wealth.

@antonyjh1234

Ай бұрын

Let's remember we are the customers. That make the same decisions everyday.

‘Peak Demand’ is code for them saying oil is getting too expensive to extract, becoming unprofitable. And the oil that is still feasible to extract - shale etc - is lower in energy density than pure petroleum.

@jessieadore

Ай бұрын

This is actually why Biden isn’t refilling strategic petro reserves after sending it all overseas

@klondike444

Ай бұрын

And the last shale field with increasing extraction - the Permian - appears to have peaked. The world is looking at decreasing energy availability from now on.

@jessieadore

Ай бұрын

@klondike444 yep, that’s why American petro reserves aren’t getting refilled. Which would be great if magical energy alternatives existed, but they don’t. 80% of modernity can’t run on electricity. So ‘just stop oil’ will happen regardless and everyone will go back to energy output equivalent of the 1950s.

Humans are not exempt from extinction. All of us should have realized this undeniable fact years ago. But for most of the human population it is still an absolutely shocking thought... if they ever consider it at all. After the shock, many simply deny it. They can't begin to imagine their existence collapsing.

@EmeraldView

Ай бұрын

I'd long ago considered the possibility, but never believed it would actually happen. Now... it almost seems like it was an inevitability. Maybe I never expected to be here to witness it.

@antonyjh1234

Ай бұрын

I blame religion, the concept of doing things to get somewhere and then everything will be alright. It's a planned ignorance, instead of the concept of evolution being paramount we still have people arguing about which religion is important. As much as freedom of religion is supposed to be important it would be a different world if we were free from it.

If only addressing this ONE thing was enough. The CO2 emissions of burning fossil fuels. Alas it won't be adequately addressed quickly enough nor extensively enough AND even if it was it wouldn't save us from the collapse of modern industrialized civilization (and in the worst case scenario the extinction of humanity and many other life forms on this planet).

@heww3960

Ай бұрын

What is worse, extinction or surviving in the post apocalyptic world with lots of suffering?

@EmeraldView

Ай бұрын

​@@heww3960 There's already lots of suffering. But yeah personally I don't think I'll stick around if survival into an apocalyptic hell is the only other option.

"You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete." Buckminster Fuller

Waiting on the magical technological fairy godmother to wave her wand and save us from ourselves. Techno bargaining as in the bargaining stage of Elizabeth Kubler-Ross's 5 stages of grief (at losing our way of life), (denial, anger, sadness, bargaining and acceptance).

@rickdworsky6457

Ай бұрын

Faith in Technology won't save us.

Paul, can you talk about 1.5 and rolling averages. COP 28 had several mentions about keeping 1.5 alive but clearly it is dead, so what is the disconnect here and what are the implications? Also, staying under 2 degrees seems like a goal that is dooming us to catastrophe given the planets behavior as we enter 1.5.

I quit putting my hopes in the IEA in 2007. They talked about rolling out the Windyday Concept and having 40% of cars sold as EV by 2020. But the well-oiled global war machine went to war. Today our cantonal city seat has 14 electric chargers downtown. That is criminal. But our canton is the most corrupted canton in the most corrupted country in the world. They don't talk about the huge energy, electricity and infrastructure costs of fracking and tarsanding. Nor do they talk about the fact that it bankrupted the financial system in 2008 after Dick "The Dick" Cheney moved our economy to those zombie Fuels in 2005.

Net zero ¯⁠\⁠_⁠(⁠⊙⁠_⁠ʖ⁠⊙⁠)⁠_⁠/⁠¯😂 Jesus. Non of us ever believed in such a term meant anything in reality. And so it has turned out to be ... effing meaningless

@unbiasedthoughts7875

Ай бұрын

Net-Zero, Green New Deal, Corporate Sustainability…all hollow terms to keep the consumption machine rolling uninterrupted.

@EmeraldView

Ай бұрын

Consume.... Consume.... Consume!!! (And not just a little, thank you very much).

yeah sure,.... Demand Supply Storage FeedStock Refined inSitu WellHead IjnTransit Onboard Terminal it is GOOd that you ask what these terms all mean because indeed the DO mean different things,..remember when it was negative?

@pedromarrero

Ай бұрын

That was long ago, now... we are too many and this is the same planet ... what about the atmosphere...most the trees cut down and nothing but cars and trucks and planes and trains and factories spewing CO2 ..My question...can humans breathe CO2 and be healthy? NO , we are going to be sick.........💩but sonofabitch it's not my fault, I was born into this....I wish you well where ever you are , in the name of Jesus. That's all I can give you. ..

Thanks for all your work, and for explaining what's going on! Oh ,and our efforts amount to 💩 we for some generations managed to destroy the planet equilibrium...there's no going back to what it was, asks Mr. PAUL .....he won't lie...

@kti5682

Ай бұрын

Christianity has through its policies achieved 1% higher growth or so I heard. Why should I pray to their god if I get to extinction faster that way?

Quite boring industries, that oil companies, aren't they? At least report on them, made me really sleepy. Good fairy tale, but hope PV will battle oil finally 🕊🌍

An Iea fairy tale

@SkepticalTeacher

Ай бұрын

Once upon a time, Homo Sapiens discovered oil, gas, and coal, burned them all, then they also all burned as well and died. The end.