GREEN NEW DEAL = BLIZZARD OF LIES

[Ecocharger + 1,533]

Now the nonsense about suing oil companies is being exposed as without any foundation, even from those who believe that CO2 is responsible for climate change, (which it is not).

https://oilprice.com/Energy/Energy-General/The-Debate-Over-Big-Oils-Role-in-Climate-Change.html

"To argue that Big Oil should be held primarily responsible for climate-related disasters, one must accept three questionable premises:

1. Companies responsible for just 5.4% of total emissions should bear the bulk of the blame, while ignoring other major contributors, including coal producers and nationalized oil companies.
2. Producers, not consumers, are responsible for emissions. Oil companies extract and refine fossil fuels, but consumers—individuals, businesses, and governments—burn them (while deriving benefit from doing so).
3. A handful of Western corporations should be punished despite accounting for only a fraction of global fossil fuel production. The vast majority of oil and gas production comes from national oil companies, such as those in Saudi Arabia, Russia, and China.

According to the Statistical Review of World Energy, the U.S. was responsible for 13.2% of global fossil fuel emissions in 2023. When accounting for all the carbon dioxide emissions of the past 60 years—before Asia-Pacific’s rapid industrialization—the U.S. share rises to 24.5%. Even if one were to irrationally blame oil companies alone, their share of total emissions is a small fraction of that number."

 

"If lawsuits against oil companies are justified, then logically, every consumer, airline, shipping company, and government that relied on fossil fuels for economic growth should be held accountable. The state of California profited enormously over the past 100 years from fossil fuel extraction. But such an approach would be impractical and economically disastrous. 

Suing oil companies won’t slow carbon emissions. It may score political points, but it does nothing to address the underlying issue. Instead of lawsuits, we need practical solutions that recognize the shared responsibility of producers, consumers, and policymakers alike."

[TailingsPond + 1,036]

55 minutes ago, Ecocharger said:

Now the nonsense about suing oil companies is being exposed as without any foundation

Your reading comprehension is weak.

That was not the point of the article, at all, read it again slowly.  They say they are taking too large of a portion of the blame - not denying the climate climate change science.  They agree there is foundation, but blame coal and other sources.  

Classic "but, but China does it more!" flawed argument. 

"Key Questions and Misplaced Blame

To argue that Big Oil should be held primarily responsible for climate-related disasters, one must accept three questionable premises:

1. Companies responsible for just 5.4% of total emissions should bear the bulk of the blame, while ignoring other major contributors, including coal producers and nationalized oil companies.
2. Producers, not consumers, are responsible for emissions. Oil companies extract and refine fossil fuels, but consumers—individuals, businesses, and governments—burn them (while deriving benefit from doing so).
3. A handful of Western corporations should be punished despite accounting for only a fraction of global fossil fuel production. The vast majority of oil and gas production comes from national oil companies, such as those in Saudi Arabia, Russia, and China."

 

Edited Monday at 11:39 PM by TailingsPond

[Old-Ruffneck + 1,283]

Some believe that “Big Oil” should be held financially accountable for climate-related disasters, such as California’s wildfires. Their rationale? Major oil and gas companies are profitable and have contributed significantly to atmospheric carbon emissions. 

A recent press release—“Chevron & Exxon could easily cover LA wildfire damages”—claimed that “mega-rich oil firms like Chevron and Exxon are knowingly driving and profiting from the climate crisis.”

Two California lawmakers have even introduced legislation to enable lawsuits against these companies. But do these claims hold up under scrutiny?

The fires in California were caused by annual high winds and electricy lines that spartked when shorted out. the underbrush got going too fast for the fire departments to handle and hydrants were lacking water. Man made fire as is most on west coast. Lot of arsonists out there.

[TailingsPond + 1,036]

3 hours ago, Old-Ruffneck said:

Some believe that “Big Oil” should be held financially accountable for climate-related disasters, such as California’s wildfires. Their rationale? Major oil and gas companies are profitable and have contributed significantly to atmospheric carbon emissions.

I didn't write the article Ecocharcher misunderstood; you seem to have also misunderstood it.  Where was profit mentioned exactly?

FYI forest fires are natural and are net-carbon neutral.  The new trees that grow suck up the pollution their parents made. 

 

Edited yesterday at 03:30 AM by TailingsPond

[notsonice + 1,290]

On 2/20/2025 at 8:56 AM, Ecocharger said:

Oil prices are soaring as Trump unwinds and removes the assault on oil from the bad old Biden era, refilling the strategic reserves and removing the heavy tax burdens from the oil industry

A new era has arrived.

https://oilprice.com/Energy/Crude-Oil/Oil-Prices-Climb-as-Trump-Pledges-to-Refill-Strategic-Petroleum-Reserve.html

"President Trump stated the Strategic Petroleum Reserve would be filled up quickly, as it is currently at a low level.

The Biden administration previously released substantial amounts of oil from the SPR to manage gasoline prices.

Trump also promised tax cuts for oil and gas producers, but drillers are hesitant to increase production without higher global prices."

Oil prices are soaring as Trump unwinds and removes the assault on oil????????

any day now????? any day????

A new era has arrived.??????? yeah if you love inflation topped off with a deep recession

yeah... a new era....... the $70 barrier on the downside was broken in a big way today clearing for $60 crude this year....and why can it fall to $60?????

I am sure Mr Econ can explain it as he claims Oil prices are soaring....ha ha ha ha ha ha ha

overproduction....falling demand due to a recession and falling demand due to EVs...China loves the last one...it really sticks it to Trump and his tariffs

enjoy as Trump kills US oil production as you can bet that US Oil companies are going to stop drilling and the cede market over to the Saudis.......as the Saudis have no choice but to open the taps.........as you do realize Trump loves Saudi Arabia the most

And Reality, Trump has triggered a global recession in just the past 2 months of his babbling like an idiot........Tariffs ....Tariffs......

 

love the latest news .......U.S. economy slowed to near-standstill in February

tastylive

Markets Face Global Recession as PMI Data Shows U.S. Service Sector Slump

S&P Global PMI data showed the U.S. economy slowed to near-standstill in February. Stocks may fall further with yields and the dollar amid...

.

19 hours ago

 

14:43 pm CDT 25/02/2025

WTI Crude(April Contract)

68.93 -2.46%

Edited yesterday at 07:57 PM by notsonice

[TailingsPond + 1,036]

Keep telling me down is up.

I showed you awhile ago the trends.  The trends continue.

 

[TailingsPond + 1,036]

Sad thing for old Ruffy is he won't see a price break at the pump.

Refinery margins are low and tariffs on crude imports will be passed on to consumers. 

Record LNG exports means domestic rates will rise.

 

[notsonice + 1,290]

6 minutes ago, TailingsPond said:

Keep telling me down is up.

I showed you awhile ago the trends.  The trends continue.

 

you need to adjust the bottom trend line....it is too high at the present day endpoint....should be lower by at least $5 

 

then Mr Econ can explain to us again that down is up and the price of Oil is soaring at today's $69 WTI

[Old-Ruffneck + 1,283]

2 hours ago, TailingsPond said:

Sad thing for old Ruffy is he won't see a price break at the pump.

Refinery margins are low and tariffs on crude imports will be passed on to consumers. 

Record LNG exports means domestic rates will rise.

 

Correct, prices will be passed on to the consumer. I pass on the extra costs of all goods and materials. 

[TailingsPond + 1,036]

4 hours ago, Old-Ruffneck said:

Correct, prices will be passed on to the consumer. I pass on the extra costs of all goods and materials. 

When you tell your customers of the price increase make sure you wear your MAGA hat.

[notsonice + 1,290]

On 2/19/2025 at 8:52 AM, Ecocharger said:

With oil prices now soaring upward, there is speculation that peace with Russia would increase oil supplies and reduce price. However, Russia is on baord with the OPEC program to sustain oil prices going forward. No real change would happen.

https://oilprice.com/Latest-Energy-News/World-News/Goldman-Sachs-Ukraine-Peace-Wont-Hike-Russias-Oil-Supply.html

"...Russia’s oil supply to the market constrained by the self-imposed quota due to its participation in the OPEC+ production deal, not by sanctions.

“We believe that Russia crude oil production is constrained by its OPEC+ 9.0 million barrels per day (mbpd) production target rather than current sanctions, which are affecting the destination but not the volume of oil exports,” analysts at Goldman Sachs wrote in a Wednesday note carried by Reuters."

 

"The alliance is considering pushing back the increase in supply despite calls from U.S. President Donald Trump that OPEC needs to lower oil prices, Bloomberg reported on Monday, quoting OPEC+ delegates."

With oil prices now soaring upward??????

any day now ...any day

Global recession is moving into high gear...............Thanks to the Tards who voted for Trump

enjoy the crash in oil ....Mr. Econ.........where did you run off to???????

you where just spotting less than a week ago .......oil prices now soaring upward.........

ha ha ha ha ha  ha and you got a degree in Econ?????????

15:35 pm CDT 26/02/2025

WTI Crude(April Contract)

68.74 -0.25%

[Ecocharger + 1,533]

Prices are moving up with the reduction in oil inventories. Trump's policies will bring about greater reliance on oil products to support the American economy, there is no doubt about that.

Some people confuse up with down...they should wake up.

https://oilprice.com/Energy/Crude-Oil/WTI-Stuck-Below-70-as-EIA-Confirms-Crude-Inventory-Draw.html

"Crude oil inventories in the United States saw a decrease of 2.3 million barrels during the week ending February 21, according to new data from the U.S. Energy Information Administration released on Wednesday.

Crude oil prices were mixed prior to the crude data release by the U.S. Energy Information Administration after the American Petroleum Institute (API) reported on Tuesday a dip of 640,000 barrels in U.S. crude oil inventories. The Brent benchmark was trading slightly down, off 0.05% at $72.98 at 10:24 am, just minutes before release. The WTI bechmark was trading slightly up  at +0.03% at $68.95."