Energy Doublethink

Doublethink: The power of holding two contradictory beliefs in one’s mind simultaneously, and accepting both of them.

Michael Lynch provides the latest doublethink example regarding global energy in his Forbes article International Energy Week Is A Lesson In Cognitive Dissonance. Excerpts in italics with my bolds and added images.

A climate activists from the Extinction Rebellion group.. (Photo by JUSTIN TALLIS / AFP) (Photo by … [+]AFP VIA GETTY IMAGES

The slogan for London’s prestigious International Energy Week now going on is “Transitioning out of Crisis,” reflecting the focus of the conference on the post-Ukrainian-War energy industry and the transition to renewables. As their website says, it is “the global conference focused on transitioning out of the geopolitical and environmental crises facing energy….Climate change impacts and projections are worsening; international prices post-COVID are volatile and hitting consumers hard; and the effects of Russia’s devastating invasion of Ukraine are rippling out across the global economy. The energy transition offers enduring solutions, some immediate, others longer-term.”

Most of dozen primary speakers are from the renewable energy industry, or renewable/low carbon executives in the fossil fuel industry, with only two ‘pure’ oil executives, the CEOs of BP and Petronas. Presumably, the organizers would argue, the future is a transition to renewable and low-carbon energy, thus the emphasis.

But at the same time, though, we had industry executives commenting: “Demand is expected to hit record levels in the second half of the year,” Vitol Chief Executive Officer Russell Hardy said in a Bloomberg Television interview. “The prospect of higher prices in the second half of the year, in the sort of $90-$100 range, is a real possibility.” International Energy Week Returns to London With Talk of $100 Oil – Bloomberg

Cognitive dissonance is the holding of contradictory views:
expecting higher fossil fuel demand while arguing that the crisis is heralding
an accelerated energy transition seems a perfect example.

The lesson of the current energy crisis is not that acceleration of the transition is needed, but that renewables are not capable of stepping up in a crisis and that consumers cherish cheap energy much more than ‘clean’ energy. Imagining a conference that provides much more realistic assessments of our energy future is easy; imagining those arguments given serious consideration by most media and pundits, not so much.

As I have written recently, oil prices could be higher later this year, but they could also be lower, depending on what happens to supply from Russia, Iran, Venezuela, Angola, Libya and Nigeria, not necessarily in that order. But record levels of demand are much more certain for the simple fact that the heavy investments in renewables and electric vehicles have had marginal impact to date on oil demand, or fossil fuel demand overall, as the figure below shows.

Global Energy Consumption in Exajoules THE AUTHOR FROM BP DATA.

Careful scrutiny does show a couple instances when demand fell, namely the 2008 financial crisis and the 2020 pandemic, however, it seems unlikely that policy-makers will promote those as solutions to climate change.

To paraphrase the famous quote from the Vietnam War,
“We have to destroy the economy in order to save it.”

To date, it appears that renewables have largely supplemented not replaced fossil fuel consumption, despite large-scale investments and much enthusiasm about the glowing success and prospects for the renewable industry (including electric vehicles). This resembles past transitions where consumption of the dominant fuel such as coal does not disappear but new demand is met from its successor, such as oil and gas.

One problem with the conference’s approach is the long-standing tendency
for pundits to embrace consensus, sometimes without regard for reality.

One famous energy pundit in 1983 remarked “But then, in late 1981 and early 1982, U.S. consumers, encouraged by some unknowing writers and economists, began to believe that OPEC members were no longer able to hold up oil prices and that all of America’s energy problems were over. This misperception, which was encouraged by the desire for a simple view and a simple solution, obscured the nature of the energy situation.”[emphasis added; citation from “A Cautionary Tale for Oil Companies Navigating the Energy Transition,” on Cautionary Tale for Oil Companies in the Energy Transition | RealClearEnergy] Two years later, the price collapsed and remained low for fifteen years, as if a host of experts had not predicted otherwise.

Additionally, at most conferences the ‘sexy’ is favored over the boring. This is reminiscent of the way Enron was the darling of the media for its insistence that “Vertically integrated behemoths like ExxonMobilXOM -1.9% Corp. (XOM ), whose balance sheet was rich with oil reserves, gas stations, and other assets, were dinosaurs to a contemptuous Skilling.” (emphasis added; source ibid) Speeches hailing the coming of the ‘virtual corporation’ proliferated—until Enron collapsed in scandal and bankruptcy.

Larry Goldstein and I have written about the possible failure of the energy transition, but it is hardly a popular view. Like Midas’ barber, we could be whispering into a hole in the ground: the potential failure is not so much secret as unwanted.

Perhaps there should be a sequel to “An Inconvenient Truth,”
focusing on the difficulties of the transition and the potential that it would not
live up to even the more modest expectations of some advocates.

This probably sounds like the many eccentrics who point out that the scientific community has often been wrong, for example, refusing to accept the theory of continental drift. But that doesn’t mean that the scientific consensus should be ignored, rather that skeptical views should be considered rather than rejected out of hand. And by considered, I do not mean cherry-picking opposite views as evidence. (Something my peak oil critics often did.)

See Also 2022 Update: Fossil Fuels ≠ Global Warming


Nat Gas to be Totally Green

This is an update about Non-Emissions Technology (NET) regarding natural gas as an energy source.  Gas is already the cleanest burning fossil fuel, and now power plants are being built which will in addition entirely eliminate CO2 emissions into the atmosphere.  Mark Whittington has the story at Washington Examiner Natural gas is about to become the world’s biggest green energy source.  Excerpts in italics with my bolds

When politicians who are alarmed about climate change think about green energy, they tend to be fixated on solar and wind power. However, thanks to a recent merger announced between NET Power and Rice Acquisition Corp II, natural gas is about to become the leading source of green energy, supplanting solar and wind.

NET Power has developed a new natural gas power plant technology called the Allam cycle.

The NET Power Allam-Fetvedt Cycle is essentially a specialized Brayton cycle in which the combustor is supplied with three flows: fuel gas, which is compressed in the fuel compressor; oxygen, which is produced in an air separation unit and then compressed; and a carbon dioxide working fluid that is heated in the multi-flow regenerator. Combustion of this oxy-fuel mixture in the carbon dioxide environment creates high-temperature products that then enter the carbon dioxide turbine. These products drive the power generator and then enter the multi-flow regenerator, where some of their heat is transferred to the heated flows. The flow is then directed to the cooler-separator, where its water and carbon dioxide contents are split. Part of that carbon dioxide is compressed to supercritical pressure, and the rest is sent to storage. Courtesy: 8 Rivers

Conventional natural gas plants burn natural gas to heat water, which then turns the turbines that generate electricity, emitting carbon dioxide into the atmosphere. An Allam cycle plant uses the carbon dioxide to turn the turbines and then sequesters it for sale to customers that use the CO2 for everything from fuel to building materials to food. NET has successfully run a test plant in La Porte, Texas, since 2018.

The NET Power process was demonstrated at our 50MWth test facility in La Porte, Texas which broke ground in 2016 and began testing in 2018. Since 2018, NET Power has conducted three extended testing campaigns and successfully synchronized to the Texas grid in the fall of 2021. NET Power has achieved technology validation, hit critical operational milestones, and accumulated over 1,500 hours of total facility runtime as of October 2022. La Porte will remain a crucial resource for ongoing technology enhancements.

Rice Acquisition is a decarbonization solutions special-purpose acquisition company. Its merger with NET will create a new, publicly traded company called NET Power Inc.

NET already has six Allam cycle power plants, each capable of generating 300 MWs of electricity in various stages of development — four in the United States, one in the United Kingdom, and another in Germany. The company believes that the sky is the limit as far as how many power plants it can build — perhaps thousands. It anticipates being able to replace older, more polluting power plants with its newer, nonemitting models.

Ironically, the company notes that a provision of the much-maligned Inflation Reduction Act contains tax incentives for the kind of carbon capture technology it is preparing to unleash on the world. The provision may be one of the few good things about the Inflation Reduction Act.

The advent of natural gas as a true green energy source will upend
the politics of climate change and energy production.

Hitherto, the Biden administration and some countries in the European Union have sought to limit the production of fossil fuels because they emit greenhouse gasses. However, governments around the world that are chasing a renewable green energy dream will no longer have an excuse to do so once the NET emission-free plants come online.

Green New Dealers such as Bernie Sanders may label carbon capture, along with nuclear power, as a “false solution,” but NET Power is about to prove them all wrong. Natural gas power plants have advantages that wind and solar lack. They run 24/7, night or day, rain or shine, windy or calm, without any need for battery storage. Natural gas power uses less land than wind and solar farms do. Solar and wind have hidden environmental costs, from the difficulty of recycling fiberglass turbine blades to the effects on wildlife of utility-scale wind and solar arrays.

Emerging energy technologies such as carbon capture are more likely to address the problem of climate change than resorting to “renewable energy” by government fiat. The free market, with perhaps some indirect government incentives, will more likely lead to a world in which the energy we need to operate a technological civilization can be generated without emitting greenhouse gasses.

Carbon capture will not be the only energy technology of the future. New, safer nuclear power plants will be in the mix. The development of a new magnet at MIT and the recent breakthrough at Lawrence Livermore point the way to clean, limitless fusion energy in the coming decades.

The Green New Dealers want to impose a future of limits on all but the very wealthiest.

Their excuse is that such a future is necessary to save Earth from a climate catastrophe. But one suspects the real reason is that rationing energy is a way for them to control people and maintain power.

Fortunately, private companies and the engineers and scientists who work for them are working to thwart the plans of people such as Sanders and Rep. Alexandria Ocasio-Cortez (D-NY). The Green New Dealers despise free markets, but the same economic system that has brought such prosperity to the world is going to solve climate change and the energy crisis forever.

My Comment

Natural gas burns clean, meaning it produces no mercury vapors, sulfur dioxide, or particulate matter, and a reduced amount of nitrogen oxide. It also emits half the CO2 from burning coal, and 1/4 the CO2 from oil combustion.  Of course, far from being a pollutant, CO2 is plant food and any added to the atmosphere from any source is a boon to the biosphere essential to human and animal life.  The warming case against emitting CO2 is unfounded, as I have explained previously: Global Warming Theory and the Tests It Fails.

The impact of this innovation is primarily political and economic, dismantling the rationale for banning natural gas power plants.  The planet will warm or cool regardless of the negligible effect from CO2 emissions.


Consumers Report: Tesla Road Trip

From Western Journal Siblings Take EV on Trip, End Up Stopping Every 1.5 Hours to Charge – Claim ‘Cheaper Than Gas’ Is Lie.  Excerpts in italics with my bolds and added images. H/T John Ray

Despite the liberal elites trying to push electric vehicles on us as the eco-friendly way of the future and as an alternative to gas-powered vehicles, we are once again seeing just how unreliable these cars can be. This is especially true in cold weather.

On Sunday, Business Insider reported on the story of Xaviar Steavenson and his sister Alice Steavenson, who wanted to find out what it was like to drive a Tesla. They rented one and set out on a road trip from Orlando, Florida, to Wichita, Kansas, last month — just as the temperature started rapidly dropping.

That decision would cost them time and money, and that trip would decidedly
not be “cheaper” than most internal-combustion alternatives.

Much to their horror, as they headed north and the temperature grew more and more frigid, the battery drained faster and faster — to the point where they reportedly had to stop every 1.5 hours to charge the car.

To add insult to injury, the cost to charge the car ended up being $25 to $30, not much less than the price of gas.

“Just in one day, we stopped six times to charge at that cost,”
Xaviar Steavenson told Business Insider.

On top of that, it took between one to two hours for the car to charge, meaning that the sibling couple spent more time stopping and charging their car than they did on the road.

Steavenson told Business Insider that Hertz, the rental website, claimed that charging a Tesla was “always cheaper than gas,” but he found no evidence to support that claim.

This is not the only example of EVs having problems in cold weather. The recent winter storm that raged across much of the United States just before Christmas made the limitations of EV technology visible for all to see.

In Virginia, a radio show host named Domenick Nati found himself stranded on Christmas Eve as his Tesla Model S refused to charge in the frigid weather.

“Tesla S will not charge in the cold. Stranded on Christmas Eve!” Domenick Nati wrote in a Twitter post.

At the same time, recent reports have suggested that the cold weather cut the driving range of an EV by up to 40 percent and doubled the time that it takes for an EV to charge.

One man in Kansas found that the driving range on his EV plunged up to 50 percent in the frigid weather.

And it is not just the cold weather that is causing problems for EV owners. There are numerous stories of EVs stalling in the middle of the road for no apparent reason and of EV owners complaining about the insane amount of time and money it takes to charge EVs, even in normal weather conditions.

It really begs the question: Why are liberal elites so adamant about us
ditching our gas-powered cars for EVs?

Canada announced this week (July 2021) it will ban the sale of new internal combustion engine (ICE) cars and light-duty trucks by 2035 as part of its efforts to fight climate change, a report from Reuters explains.

Canada joins a growing list of countries banning the fuel-guzzling vehicles, with Britain saying it will ban ICE vehicles by 2030, and Norway — another country with extremely cold winters — having announced it will do the same as early as 2025.

Western Energy Hari-Kari Update


Current global maps of energy prices show western nations, especially in Europe have begun bleeding their economies and societies by self-imposed misguided climate policies.  Tyler Durden reports at zerohedge Mapped: Global Energy Prices By Country.  Excerpts in italics with my bolds.

For some countries, energy prices hit historic levels in 2022.

Gasoline, electricity, and natural gas prices skyrocketed as Russia’s invasion of Ukraine ruptured global energy supply chains. Households and businesses are facing higher energy bills amid extreme price volatility. Uncertainty surrounding the war looms large, and winter heating costs are projected to soar.

Given the global consequences of the energy crisis, Visual Capitalist’s infographics below shows the price of energy for households by country, with data from

1. Global Energy Prices: Gasoline

Which countries and regions pay the most for a gallon of gas?

Source: As of October 31, 2022. Represents average household prices.

At an average $11.10 per gallon, households in Hong Kong pay the highest for gasoline in the world—more than double the global average. Both high gas taxes and steep land costs are primary factors behind high gas prices.

Like Hong Kong, the Central African Republic has high gas costs, at $8.60 per gallon. As a net importer of gasoline, the country has faced increased price pressures since the war in Ukraine.

Households in Iceland, Norway, and Denmark face the highest gasoline costs in Europe. Overall, Europe has seen inflation hit 10% in September, driven by the energy crisis.

2. Global Energy Prices: Electricity

Extreme volatility is also being seen in electricity prices.

The majority of the highest household electricity prices are in Europe, where Denmark, Germany, and Belgium’s prices are about double that of France and Greece. For perspective, electricity prices in many countries in Europe are more than twice or three times the global average of $0.14 per kilowatt-hour.

Over the first quarter of 2022, household electricity prices in the European Union jumped 32% compared to the year before.

Source: As of March 31, 2022. Represents average household prices.

In the U.S., consumer electricity prices have increased nearly 16% annually compared to September last year, the highest increase in over four decades, fueling higher inflation.

However, households are more sheltered from the impact of Russian supply disruptions due to the U.S. being a net exporter of energy.

3. Global Energy Prices: Natural Gas

Eight of the 10 highest natural gas prices globally fall in Europe, with the Netherlands at the top. Overall, European natural gas prices have spiked sixfold in a year since the invasion of Ukraine.

Source: As of March 31, 2022. Represents average household prices.

The good news is that the fall season has been relatively warm, which has helped European natural gas demand drop 22% in October compared to last year. This helps reduce the risk of gas shortages transpiring later in the winter.

Outside of Europe, Brazil has the fourth highest natural gas prices globally, despite producing about half of supply domestically. High costs of cooking gas have been especially challenging for low-income families, which became a key political issue in the run-up to the presidential election in October.

Meanwhile, Singapore has the highest natural gas prices in Asia as the majority is imported via tankers or pipelines, leaving the country vulnerable to price shocks.

Increasing Competition

By December, all seaborne crude oil shipments from Russia to Europe will come to a halt, likely pushing up gasoline prices into the winter and 2023.

Concerningly, analysis from the EIA shows that European natural gas storage capacities could sink to 20% by February if Russia completely shuts off its supply and demand is not reduced.

As Europe seeks out alternatives to Russian energy, higher demand could increase global competition for fuel sources, driving up prices for energy in the coming months ahead.

Still, there is some room for optimism: the World Bank projects energy prices will decline 11% in 2023 after the 60% rise seen after the war in Ukraine in 2022.

Background Post G7 Ministers Pledge Energy Hari-Kari

G7 Climate, Energy and Environment Ministers’ Communiqué, Berlin, May 27th, 2022

Excerpts in italics with my bolds

Recognising that accelerating the international clean energy transition and phasing out continued global investment in the unabated fossil fuel sector is essential to keep a limit of 1.5 °C temperature rise within reach, we commit to end new direct public support for the international unabated fossil fuel energy sector by the end of 2022, except in limited circumstances clearly defined by each country that are consistent with a 1.5 °C warming limit and the goals of the Paris Agreement. (pg. 33)

We note with concern the scale of private finance currently still supporting non-Paris aligned activities especially in the fossil fuel sector. (pg. 22)

We are thus further strengthened in our resolve to accelerate the clean energy transition towards a net zero emissions future by 2050, while also keeping energy security and affordability at the core of our action, including through the rapid expansion of low-carbon and renewable energies and an increase in energy efficiency.  (pg. 29)

In this regard, we acknowledge the IEA net zero scenario which suggests that G7 economies
invest at least US$1.3 trillion in renewable energy including tripling investments in clean
power and electricity networks between 2021 and 2030. (pg. 31)

We confirm our strong financial commitments for the market ramp-up of low-carbon and renewable hydrogen and its derivatives, thereby signalling an irreversible shift towards a world economy based on low carbon and renewable energy sources. (pg. 31)

In view of the Russian attack on Ukraine, financial support for companies and citizens affected by severely rising prices for fossil fuels is now on the political agenda for several countries. Nevertheless, we aim for our relief measures to be temporary and targeted and we reaffirm our commitment to the elimination of inefficient fossil fuel subsidies by 2025. (pg. 32)

We also highlight that we have ended new direct government support for unabated international thermal coal-fired power generation by the end of 2021, including through Official Development Assistance, export finance, investment, and financial and trade promotion support. (pg. 33)

We commit to increase national efforts to decarbonise building heating and cooling systems by using appropriate policy tools, including regulations and incentives, with the ultimate objective of transitioning away from fossil fuels. (pg. 37)

This will also guide our approach in public finance institutions and on the boards of MDBs and bilateral DFIs. We therefore call on other major economies, the MDBs and bilateral DFIs, multilateral funds, public banks and relevant agencies to also adopt these commitments. We commit to review our progress against our commitments. (pg. 33)

(Note: Multilateral Development Banks (MDBs), Development finance institution (DFIs)

See also Michael Kelly on Energy Utopias and Engineering Realities synopsis Kelly’s Climate Clarity

And Dieter Helm Seeking Climate and Energy Security

Energy Inflation Playbook

Rupert Darwall explains the intentional inflation of energy prices world wide in his forward to a Real Energy study by Joseph Toomey Energy Inflation Was by Design.  The title is a link to the pdf.  Darwall’s introduction was published at the Federalist entitled Energy Inflation Isn’t An Accident, It’s A Planned Demolition.  Excerpts in italics with my bolds and added images.

Our current energy crisis was self-inflicted, a foreseeable outcome
of policy choices made by the West, and it’s getting worse

The West is experiencing its third energy crisis. The first, in 1973, was caused by the near-quintupling of the price of crude oil by Gulf oil producers in response to America’s support for Israel in the Yom Kippur war. Their action brought an end to what the French call the trente glorieuses — the unprecedented post–World War II economic expansion.

The second occurred at the end of the 1970s, when Iran’s Islamic revolution led to a more than doubling of oil prices. This again inflicted great economic hardship, but the policy response was far better. Inflation was purged at the cost of deep recession. Energy markets were permitted to function. High oil prices induced substitution effects, particularly in the power sector, and stimulated increased supply.

In the space of nine months, the oil price cratered from $30 a barrel in November 1985 to $10 a barrel in July 1986. It’s no wonder that the economic expansion that started under Ronald Reagan had such long legs.

This time is different. The third energy crisis was not sparked by Saudi Arabia and its Gulf allies or by Iranian ayatollahs. It was self-inflicted, a foreseeable outcome of policy choices made by the West: Germany’s disastrous Energiewende that empowered Vladimir Putin to launch an energy war against Europe; Britain’s self-regarding and self-destructive policy of “powering past coal” and its decision to ban fracking; and, as Joseph Toomey shows in a recent powerful essay, President Biden’s war on the American oil and gas industry.

Hostilities were declared during Joe Biden’s campaign for the Democratic presidential nomination. “I guarantee you. We’re going to end fossil fuel,” candidate Biden told a climate activist in September 2019, words that the White House surely hopes get lost down a memory hole. Toomey’s paper has all the receipts, so there’s no danger of that.

As he observes, Biden’s position in 2022 resembles Barack Obama’s in 2012, when rising gas prices threatened to sink his reelection. Obama responded with a ruthlessness that his erstwhile running mate lacks. He simply stopped talking about climate and switched to an all-of-the-above energy policy, shamelessly claiming credit for the fracking revolution that his own Environmental Protection Agency (EPA) tried to strangle at birth.

Passage of the comically mistitled Inflation Reduction Act places this option beyond Biden’s reach, even if he were so inclined. Democrats are hardly going to take a vow of climate omertà when they’ve achieved a political triumph of pushing through Congress what they regard as the most significant climate legislation to date.

Although the price of oil has slipped back from recent highs, the factors behind high gasoline prices remain in place. Foremost among these is the steep decline in U.S. oil refinery capacity triggered when Covid lockdowns crushed demand but continued after the economy reopened. There has never been such a large fall in operable refinery capacity. Moreover, Gulf Coast refineries were operating at 97 percent of their operating capacity in June 2022. As Toomey remarks, “There isn’t any more blood to be squeezed out of this turnip.”

Toomey identifies five factors driving this decline in refinery capacity.

EPA biofuel blending mandates impose crippling costs on smaller refineries. 

When conventional refineries are converted to processing biofuels, up to 90 percent of their capacity is lost. Biofuel mandates cost consumers far more than federal excise taxes. Toomey demonstrates that the Biden administration’s claim that biofuel mandates protect consumers from oil-price volatility is totally false; biofuel prices, he writes, “are essentially indexed to the price of crude oil.”

Biden could order the reversal of the EPA’s retroactive biofuel threshold rules. That he has not done so demonstrates that the administration isn’t serious about making energy affordable again. High prices for fossil fuel energy are an intended part of the plan.

Corporate and Wall Street ESG policies are another factor driving refinery closures.

Especially facilities owned by European oil companies have to meet punishing decarbonization targets that will effectively end up sunsetting them as oil companies. If finalized as proposed, the Securities and Exchange Commission’s proposed climate disclosure rules, with the strong support of the Biden administration, will heighten the vulnerability of U.S. oil and gas companies to climate activists and woke investors to force them to progressively divest their carbon-intensive activities, such as refining crude oil, and eventually out of the oil and gas sector altogether.

Aggressive federal policies aimed at phasing out gasoline-powered vehicles.

To these should be added aggressive federal policies aimed at phasing out gasoline-powered vehicles in favor of electric vehicles (EVs); an administration staffed from top to bottom by militants who believe that climate is the only thing that matters in politics; and an increasingly hostile political climate (“You know the deal,” Biden said of oil executives when campaigning for the presidency. “When they don’t deliver, put them in jail”).

These policies, argues Toomey, will see China become the world’s leading oil refiner for years to come. Will Biden find himself asking China for supplies of refined gasoline? He might well find himself being saved from such an unfortunate position, made more so by Speaker Nancy Pelosi’s recent trip to Taiwan, by help from the other side of the southern border.

Mexico is constructing a $12 billion refinery, due to start producing gasoline next year. Perhaps President Biden’s next foreign trip should be to Mexico City.



Biden Feds Kneecapped Oil and Gas

Report from Just the News After Trump energy ‘renaissance,’ Biden ‘kneecapped’ oil and gas producers: industry spokesman.  Excerpts in italics with my bolds and added images

The president of the U.S. Oil and Gas Association contrasted “the greatest energy renaissance in our history” under Trump with “regulatory assault and the attempt to defund us and to debank us on Wall Street” by the Biden administration.

The U.S. oil and gas industry quickly went from a “renaissance” under former President Donald Trump to a new dark age under a Biden administration hostile to traditional energy sources, the head of the industry’s trade association said Friday.

“President Trump, to his credit, presided over the greatest energy renaissance in our history,” Tim Stewart, president of the Oil and Gas Association, said on the the “Just the News, No Noise” TV show. “Right before the pandemic, we were producing 13 million barrels [of oil] a day. For all intents and purposes … we were a net exporter of energy.”

Amid buoyant expectations of increasing U.S. production to 15 million barrels per day, the industry was suddenly rocked by consecutive shocks: the pandemic, followed by the Biden administration war on fossil fuels.

“We came out of COVID right into the Biden administration, which then kneecapped us,” Stewart recounted. “Between their regulatory assault and the attempt to defund us and to debank us on Wall Street, we’re still a million or million and a half barrels behind where we were. And we’re 3 million barrels behind where we could be. And that’s really unfortunate. And that’s unfortunate for our European allies in particular.”

Now, even some Democrats are recognizing the administration has taken its crusade against oil and gas too far, too fast, says Stewart.

“I’ve had some interesting conversations with members of Congress just in the last two weeks, of both the Senate and the House and Republicans and Democrats,” he said. “And there are Democrats who are starting to say, ‘Maybe we went a little too far.’ It’s a year too late. But we welcome that.”

Stewart was asked if the Oil and Gas Association would ever get a call seeking advice from the Biden administration.  “I don’t know if we ever will hear from them to be honest with you,” Stewart answered.

“The number of people who are political appointees in the administration who came out of our industry or who really understand it, you can literally count on one hand.”

See also Wake Up and Smell the Fossil Fuel Insanity



By the Numbers: CO2 Mostly Natural

This post compiles several independent proofs which refute those reasserting the “consensus” view attributing all additional atmospheric CO2 to humans burning fossil fuels.

The IPCC doctrine which has long been promoted goes as follows. We have a number over here for monthly fossil fuel CO2 emissions, and a number over there for monthly atmospheric CO2. We don’t have good numbers for the rest of it-oceans, soils, biosphere–though rough estimates are orders of magnitude higher, dwarfing human CO2. So we ignore nature and assume it is always a sink, explaining the difference between the two numbers we do have. Easy peasy, science settled.

The non-IPCC paradigm is that atmospheric CO2 levels are a function of two very different fluxes. FF CO2 changes rapidly and increases steadily, while Natural CO2 changes slowly over time, and fluctuates up and down from temperature changes. The implications are that human CO2 is a simple addition, while natural CO2 comes from the integral of previous fluctuations.

1.  History of Atmospheric CO2 Mostly Natural

This proof is based on the 2021 paper World Atmospheric CO2, Its 14C Specific Activity, Non-fossil Component, Anthropogenic Fossil Component, and Emissions (1750–2018) by Kenneth Skrable, George Chabot, and Clayton French at University of Massachusetts Lowell.

The analysis employs ratios of carbon isotopes to calculate the relative proportions of atmospheric CO2 from natural sources and from fossil fuel emissions. 

The specific activity of 14C in the atmosphere gets reduced by a dilution effect when fossil CO2, which is devoid of 14C, enters the atmosphere. We have used the results of this effect to quantify the two components: the anthropogenic fossil component and the non-fossil component.  All results covering the period from 1750 through 2018 are listed in a table and plotted in figures.

These results negate claims that the increase in total atmospheric CO2 concentration C(t) since 1800 has been dominated by the increase of the anthropogenic fossil component. We determined that in 2018, atmospheric anthropogenic fossil COrepresented 23% of the total emissions since 1750 with the remaining 77% in the exchange reservoirs. Our results show that the percentage of the total CO2 due to the use of fossil fuels from 1750 to 2018 increased from 0% in 1750 to 12% in 2018, much too low to be the cause of global warming.

The graph above is produced from Skrable et al. dataset Table 2. World atmospheric CO2, its C‐14 specific activity, anthropogenic‐fossil component, non fossil component, and emissions (1750 ‐ 2018).  The purple line shows reported annual concentrations of atmospheric CO2 from Energy Information Administration (EIA)  The starting value in 1750 is 276 ppm and the final value in this study is 406 ppm in 2018, a gain of 130 ppm.

The red line is based on EIA estimates of human fossil fuel CO2 emissions starting from zero in 1750 and the sum slowly accumulating over the first 200 years.  The estimate of annual CO2 emitted from FF increases from 0.75 ppm in 1950 up to 4.69 ppm in 2018. The sum of all these annual emissions rises from 29.3 ppm in 1950 (from the previous 200 years) up to 204.9 ppm (from 268 years).  These are estimates of historical FF CO2 emitted into the atmosphere, not the amount of FF CO2 found in the air.

Atmospheric CO2 is constantly in two-way fluxes between multiple natural sinks/sources, principally the ocean, soil and biosphere. The annual dilution of carbon 14 proportion is used to calculate the fractions of atmospheric FF CO2 and Natural CO2 remaining in a given year. The blue line shows the FF CO2 fraction rising from 4.03 ppm in 1950 to 46.84 ppm in 2018.  The cyan line shows Natural CO2 fraction rising from 307.51 in 1950 to 358.56 in 2018.

The details of these calculations from observations are presented in the two links above, and the logic of the analysis is summarized in my previous post On CO2 Sources and Isotopes.  The table below illustrates the factors applied in the analysis.

C(t) is total atm CO2, S(t) is Seuss 14C effect, CF(t) is FF atm CO2, CNF(t) is atm non-FF CO2, DE(t) is FF CO2 emissions


Despite an estimated 205 ppm of FF CO2 emitted since 1750, only 46.84 ppm (23%) of FF CO2 remains, while the other 77% is distributed into natural sinks/sources. As of 2018 atmospheric CO2 was 405, of which 12% (47 ppm) originated from FF.   And the other 88% (358 ppm) came from natural sources: 276 prior to 1750, and 82 ppm since.  Natural CO2 sources/sinks continue to drive rising atmospheric CO2, presently at a rate of 2 to 1 over FF CO2.

2.  Analysis of CO2 Flows Confirms Natural Dominance

Figure 3. How human carbon levels change with time.

Independent research by Dr. Ed Berry focused on studying flows and level of CO2 sources and sinks.  The above summary chart from his published work presents a very similar result.

The graph above summarizes Dr. Berry’s findings. The lines represent CO2 added into the atmosphere since the 1750 level of 280 ppm. Based on IPCC data regarding CO2 natural sources and sinks, the black dots show the CO2 data. The small blue dots show the sum of all human CO2 emissions since they became measurable, irrespective of transfers of that CO2 from the atmosphere to land or to ocean.

Notice the CO2 data is greater than the sum of all human CO2 until 1960. That means nature caused the CO2 level to increase prior to 1960, with no reason to stop adding CO2 since. In fact, the analysis shows that in the year 2020, the human contribution to atmospheric CO2 level is 33 ppm, which means that from a 2020 total of 413 ppm, 280 is pre-industrial and 100 is added from land and ocean during the industrial era.

My synopsis of his work is IPCC Data: Rising CO2 is 75% Natural

A new carbon cycle model shows human emissions cause 25% and nature 75% of the CO2 increase is the title (and link) for Dr. Edwin Berry’s paper accepted in the journal Atmosphere August 12, 2021.

3. Nature Erases Pulses of Human CO2 Emissions  

Those committed to blaming humans for rising atmospheric CO2 sometimes admit that emitted CO2 (from any source) only stays in the air about 5 years (20% removed each year)  being absorbed into natural sinks.  But they then save their belief by theorizing that human emissions are “pulses” of additional CO2 which persist even when particular molecules are removed, resulting in higher CO2 concentrations.  The analogy would be a traffic jam on the freeway which persists long after the blockage is removed.

A recent study by Bud Bromley puts the fork in this theory.  His paper is A conservative calculation of specific impulse for CO2.  The title links to his text which goes through the math in detail.  Excerpts are in italics here with my bolds.

In the 2 years following the June 15, 1991 eruption of the Pinatubo volcano, the natural environment removed more CO2 than the entire increase in CO2 concentration due to all sources, human and natural, during the entire measured daily record of the Global Monitoring Laboratory of NOAA/Scripps Oceanographic Institute (MLO) May 17, 1974 to June 15, 1991. Then, in the 2 years after that, that CO2 was replaced plus an additional increment of CO2.

The data and graphs produced by MLO also show a reduction in slope of total CO2 concentration following the June 1991 eruption of Pinatubo, and also show the more rapid recovery of total CO2 concentration that began about 2 years after the 1991 eruption. This graph is the annual rate of change (i.e., velocity or slope) of total atmosphere CO2 concentration. This graph is not human CO2.

More recently is his study Scaling the size of the CO2 error in Friedlingstein et al.  Excerpts in italics with my bolds.

Since net human emissions would be a cumulative net of two fluxes, if there were a method to measure it, and since net global average CO2 concentration (i.e., NOAA Mauna Loa) is the net of two fluxes, then we should compare these data as integral areas. That is still an apples and oranges comparison because we only have the estimate of human emissions, not net human emissions. But at least the comparison would be in the right order of magnitude.

That comparison would look something like the above graphic. We would be comparing the entire area of the orange quadrangle to the entire blue area, understanding that the tiny blue area shown is much larger than actually is because the amount shown is human emissions only, not net human emissions. Human CO2 absorptions have not been subtracted. Nevertheless, it should be obvious that (1) B is not causing A, and (2) the orange area is enormously larger than the blue area.

Human emissions cannot be driving the growth rate (slope) observed in net global average CO2 concentration.

4.  Setting realistic proportions for the carbon cycle.

Hermann Harde applies a comparable perspective to consider the carbon cycle dynamics. His paper is Scrutinizing the carbon cycle and CO2 residence time in the atmosphere. Excerpts with my bolds.

Different to the IPCC we start with a rate equation for the emission and absorption processes, where the uptake is not assumed to be saturated but scales proportional with the actual CO2 concentration in the atmosphere (see also Essenhigh, 2009; Salby, 2016). This is justified by the observation of an exponential decay of 14C. A fractional saturation, as assumed by the IPCC, can directly be expressed by a larger residence time of CO2 in the atmosphere and makes a distinction between a turnover time and adjustment time needless.

Based on this approach and as solution of the rate equation we derive a concentration at steady state, which is only determined by the product of the total emission rate and the residence time. Under present conditions the natural emissions contribute 373 ppm and anthropogenic emissions 17 ppm to the total concentration of 390 ppm (2012). For the average residence time we only find 4 years.

The stronger increase of the concentration over the Industrial Era up to present times can be explained by introducing a temperature dependent natural emission rate as well as a temperature affected residence time. With this approach not only the exponential increase with the onset of the Industrial Era but also the concentrations at glacial and cooler interglacial times can well be reproduced in full agreement with all observations.

So, different to the IPCC’s interpretation the steep increase of the concentration since 1850 finds its natural explanation in the self accelerating processes on the one hand by stronger degassing of the oceans as well as a faster plant growth and decomposition, on the other hand by an increasing residence time at reduced solubility of CO2 in oceans. Together this results in a dominating temperature controlled natural gain, which contributes about 85% to the 110 ppm CO2 increase over the Industrial Era, whereas the actual anthropogenic emissions of 4.3% only donate 15%. These results indicate that almost all of the observed change of CO2 during the Industrial Era followed, not from anthropogenic emission, but from changes of natural emission. The results are consistent with the observed lag of CO2 changes behind temperature changes (Humlum et al., 2013; Salby, 2013), a signature of cause and effect. Our analysis of the carbon cycle, which exclusively uses data for the CO2 concentrations and fluxes as published in AR5, shows that also a completely different interpretation of these data is possible, this in complete conformity with all observations and natural causalities.

5.  More CO2 Is Not a Problem But a Blessing

William Happer provides a framework for thinking about climate, based on his expertise regarding atmospheric radiation (the “greenhouse” mechanism).  But he uses plain language accessible to all.  The Independent Institute published the transcript for those like myself who prefer reading for full comprehension.  Source: How to Think about Climate Change  

His presentation boils down to two main points:  More CO2 will result in very little additional global warming. But it will increase productivity of the biosphere.  My synopsis is: Climate Change and CO2 Not a Problem  Brief excerpts in italics with my bolds.

This is an important slide. There is a lot of history here and so there are two historical pictures. The top picture is Max Planck, the great German physicist who discovered quantum mechanics. Amazingly, quantum mechanics got its start from greenhouse gas-physics and thermal radiation, just what we are talking about today. Most climate fanatics do not understand the basic physics. But Planck understood it very well and he was the first to show why the spectrum of radiation from warm bodies has the shape shown on this picture, to the left of Planck. Below is a smooth blue curve. The horizontal scale, left to right is the “spatial frequency” (wave peaks per cm) of thermal radiation. The vertical scale is the thermal power that is going out to space. If there were no greenhouse gases, the radiation going to space would be the area under the blue Planck curve. This would be the thermal radiation that balances the heating of Earth by sunlight.

In fact, you never observe the Planck curve if you look down from a satellite. We have lots of satellite measurements now. What you see is something that looks a lot like the black curve, with lots of jags and wiggles in it. That curve was first calculated by Karl Schwarzschild, who first figured out how the real Earth, including the greenhouse gases in its atmosphere, radiates to space. That is described by the jagged black line. The important point here is the red line. This is what Earth would radiate to space if you were to double the CO2 concentration from today’s value. Right in the middle of these curves, you can see a gap in spectrum. The gap is caused by CO2 absorbing radiation that would otherwise cool the Earth. If you double the amount of CO2, you don’t double the size of that gap. You just go from the black curve to the red curve, and you can barely see the difference. The gap hardly changes.

The message I want you to understand, which practically no one really understands, is that doubling CO2 makes almost no difference.

The alleged harm from CO2 is from warming, and the warming observed is much, much less than predictions. In fact, warming as small as we are observing is almost certainly beneficial. It gives slightly longer growing seasons. You can ripen crops a little bit further north than you could before. So, there is completely good news in terms of the temperature directly. But there is even better news. By standards of geological history, plants have been living in a CO2 famine during our current geological period.

So, the takeaway message is that policies that slow CO2 emissions are based on flawed computer models which exaggerate warming by factors of two or three, probably more. That is message number one. So, why do we give up our freedoms, why do we give up our automobiles, why do we give up a beefsteak because of this model that does not work?

Takeaway message number two is that if you really look into it, more CO2 actually benefits the world. So, why are we demonizing this beneficial molecule that is making plants grow better, that is giving us slightly less harsh winters, a slightly longer growing season? Why is that a pollutant? It is not a pollutant at all, and we should have the courage to do nothing about CO2 emissions. Nothing needs to be done.

Footnote:  The Core of the CO2 Issue Update July 15

An adversarial comment below goes to the heart of the issue:

“The increase of the CO2 level since 1850   are more than accounted for by manmade emissions.
Nature remains a net CO2 sink, not a net emitter.”

The data show otherwise.  Warming temperatures favor natural sources/sinks emitting more CO2 into the atmosphere, while previously captured CO2 shifts over time into long term storage as bicarbonates.  In fact, rising temperatures are predictive of rising CO2, as shown mathematically.

Temps Cause CO2 Changes, Not the Reverse. June 2022 Update

It is the ongoing natural contribution to atmospheric CO2 that is being denied.



2022 Update: Fossil Fuels ≠ Global Warming

gas in hands

Previous posts addressed the claim that fossil fuels are driving global warming. This post updates that analysis with the latest (2021) numbers from BP Statistics and compares World Fossil Fuel Consumption (WFFC) with three estimates of Global Mean Temperature (GMT). More on both these variables below.


2021 statistics are now available from BP for international consumption of Primary Energy sources. 2022 Statistical Review of World Energy. 

The reporting categories are:
Natural Gas
Renewables (other than hydro)

Note:  British Petroleum (BP) now uses Exajoules to replace MToe (Million Tonnes of oil equivalents.) It is logical to use an energy metric which is independent of the fuel source. OTOH renewable advocates have no doubt pressured BP to stop using oil as the baseline since their dream is a world without fossil fuel energy.

From BP conversion table 1 exajoule (EJ) = 1 quintillion joules (1 x 10^18). Oil products vary from 41.6 to 49.4 tonnes per gigajoule (10^9 joules).  Comparing this annual report with previous years shows that global Primary Energy (PE) in MToe is roughly 24 times the same amount in Exajoules.  The conversion factor at the macro level varies from year to year depending on the fuel mix. The graphs below use the new metric.

This analysis combines the first three, Oil, Gas, and Coal for total fossil fuel consumption world wide (WFFC).  The chart below shows the patterns for WFFC compared to world consumption of Primary Energy from 1965 through 2021.

The graph shows that global Primary Energy (PE) consumption from all sources has grown continuously over 5 decades. Since 1965  oil, gas and coal (FF, sometimes termed “Thermal”) averaged 88% of PE consumed, ranging from 93% in 1965 to 82% in 2021.  Note that in 2020, PE dropped 23 EJ (4%) below 2019 consumption, then increased 31 EJ in 2021.  WFFC for 2020 dropped 26 EJ (5%), then in 2021 gained back 26% to match 2019 WFFC consumption. For the 56 year period, the net changes were:

Oil 184%
Gas 540%
Coal 176%
WFFC 236%
PE 282%
Global Mean Temperatures

Everyone acknowledges that GMT is a fiction since temperature is an intrinsic property of objects, and varies dramatically over time and over the surface of the earth. No place on earth determines “average” temperature for the globe. Yet for the purpose of detecting change in temperature, major climate data sets estimate GMT and report anomalies from it.

UAH record consists of satellite era global temperature estimates for the lower troposphere, a layer of air from 0 to 4km above the surface. HadSST estimates sea surface temperatures from oceans covering 71% of the planet. HADCRUT combines HadSST estimates with records from land stations whose elevations range up to 6km above sea level.

Both GISS LOTI (land and ocean) and HADCRUT4 (land and ocean) use 14.0 Celsius as the climate normal, so I will add that number back into the anomalies. This is done not claiming any validity other than to achieve a reasonable measure of magnitude regarding the observed fluctuations.

No doubt global sea surface temperatures are typically higher than 14C, more like 17 or 18C, and of course warmer in the tropics and colder at higher latitudes. Likewise, the lapse rate in the atmosphere means that air temperatures both from satellites and elevated land stations will range colder than 14C. Still, that climate normal is a generally accepted indicator of GMT.

Correlations of GMT and WFFC

The next graph compares WFFC to GMT estimates over the five decades from 1965 to 2021 from HADCRUT4, which includes HadSST4.

Since 1965 the increase in fossil fuel consumption is dramatic and monotonic, steadily increasing by 236% from 146 to 490 exajoules.  Meanwhile the GMT record from Hadcrut shows multiple ups and downs with an accumulated rise of 0.8C over 56 years, 6% of the starting value.

The graph below compares WFFC to GMT estimates from UAH6, and HadSST4 for the satellite era from 1980 to 2021, a period of 41 years.

In the satellite era WFFC has increased at a compounded rate of nearly 2% per year, for a total increase of 90% since 1979. At the same time, SST warming amounted to 0.49C, or 3.4% of the starting value.  UAH warming was 0.48C, or 3.5% up from 1979.  The temperature compounded rate of change is 0.1% per year, an order of magnitude less than WFFC.  Even more obvious is the 1998 El Nino peak and flat GMT since.


The climate alarmist/activist claim is straight forward: Burning fossil fuels makes measured temperatures warmer. The Paris Accord further asserts that by reducing human use of fossil fuels, further warming can be prevented.  Those claims do not bear up under scrutiny.

It is enough for simple minds to see that two time series are both rising and to think that one must be causing the other. But both scientific and legal methods assert causation only when the two variables are both strongly and consistently aligned. The above shows a weak and inconsistent linkage between WFFC and GMT.

Going further back in history shows even weaker correlation between fossil fuels consumption and global temperature estimates:


Figure 5.1. Comparative dynamics of the World Fuel Consumption (WFC) and Global Surface Air Temperature Anomaly (ΔT), 1861-2000. The thin dashed line represents annual ΔT, the bold line—its 13-year smoothing, and the line constructed from rectangles—WFC (in millions of tons of nominal fuel) (Klyashtorin and Lyubushin, 2003). Source: Frolov et al. 2009

In legal terms, as long as there is another equally or more likely explanation for the set of facts, the claimed causation is unproven. The more likely explanation is that global temperatures vary due to oceanic and solar cycles. The proof is clearly and thoroughly set forward in the post Quantifying Natural Climate Change.

Footnote: CO2 Concentrations Compared to WFFC

Contrary to claims that rising atmospheric CO2 consists of fossil fuel emissions, consider the Mauna Loa CO2 observations in recent years.

Despite the drop in 2020 WFFC, atmospheric CO2 continued to rise steadily, demonstrating that natural sources and sinks drive the amount of CO2 in the air.

See also: Nature Erases Pulses of Human CO2 Emissions

Temps Cause CO2 Changes, Not the Reverse

OPEC runs out of spare capacity, makes bullish case for oil

Mohammed Barkindo, the secretary general of OPEC, has warned that “OPEC is running out of capacity,” and that “with the exception of two or three members, all are maxed out.” PHOTO BY REUTERS/DADO RUVIC/ILLUSTRATION/FILE PHOTO

Eric Nuttall explains at Financial Post OPEC running out of spare capacity confirms our multi-year bull case for oil.  Excerpts in italics with my bolds.

Oil companies are going to be pumping high returns to investors
for much longer than people realize

Imagine life without insurance. The constant worry of an unexpected accident, such as your house burning down or car getting stolen, wreaking financial havoc without the economic certainty that everything would be OK in the end. This is where the world is heading in the next several months.

The Organization of the Petroleum Exporting Countries’ (OPEC’s) spare capacity, the oil market equivalent of insurance, has since the 1960s been available to avoid severe price spikes by smoothing out periodic supply disruptions caused by geopolitical events.

Now, owing to too many years of insufficient investment, as the needs of social spending and sovereign revenue dwarfed those of investing in incremental capacity during a multi-year period of low oil prices, OPEC’s spare capacity is set to become exhausted.  This imminent reality will be a watershed event and has enormous implications for the oil market that investors must urgently appreciate.

We have for more than a year argued the world was hurtling into an energy crisis of epic proportions that would result in a multi-year bull market for oil.

Our bullish thesis had four basic tenets:

♦  persistent demand growth for at least the next 10 years;
♦  the end of shale hyper-growth in the United States, defined as shale production growth rates that no longer exceed global demand growth;
♦  stagnant production growth from the global super-majors resulting from eight years of insufficient investment and, finally,
♦  the exhaustion of OPEC’s spare capacity.

The hardest of these four core assumptions to prove by far was the last one. U.S. shale growth rates could be forecasted by talking with oil executives and modelling corporate cash flows. One could easily see that spending by the super-majors had peaked in 2014, falling to half of those levels today, while also being burdened by increasing pressures to decarbonize, so we could predict and model stagnant growth for years to come. And demand growth was boosted in the short term by the emergence from global lockdown, and is supported over the medium-to-long term by the realities that limit alternatives from reaching enough critical mass to meaningfully displace oil in the next several decades.

OPEC’s spare capacity, however, was the tricky one. Monthly data released by several different sources can vary wildly. Given the strategic importance of oil revenue to many Gulf States, hard data on productive capacity has at times been viewed as state secrets and either difficult to get or taken with some skepticism. How then can we be so confident that OPEC’s spare capacity is nearing exhaustion? Because they just told us so.

Last week, the Royal Bank of Canada hosted a spectacular energy conference in New York with the highlight being a keynote speech by Mohammed Barkindo, the secretary general of OPEC. That same night, I had the good fortune to have dinner with him, which to an energy enthusiast was the equivalent of a tech investor getting to hang out with Elon Musk. I found him to be a warm, insightful, soft-spoken and, surprisingly, straight-talking gentleman.

In his keynote speech, Barkindo warned that “OPEC is running out of capacity,” and that “with the exception of two or three members, all are maxed out.” Further, “the world needs to come to terms with this brutal fact” and that it is a “global challenge.”

Why is this so incredibly important? Well, what would happen if the U.S. Federal Reserve ran out of hard currency? It would just simply print more, with fresh bills sent to banks via armoured car the next day.

For oil producers, the cycle time to produce more oil is measured not in days, but in years.

With short-cycle U.S. shale set to grow at a fraction of historical rates, the world is now almost entirely dependent on long-cycle production, yet the global super-majors are entrenched in a multi-year period of stagnation due to too many years of underspending, and now OPEC, out of incremental capacity, is constrained by the very same challenge.

With oil inventories already at multi-year lows, demand back to pre-COVID-19 levels and structural challenges to supply growth, we believe oil prices will have to act as a demand-destroying mechanism, rising to a high enough level that kills discretionary demand, thereby balancing the market, while also staying there long enough to give the super-majors the confidence needed to start adequately spending again.

Given industry cycle times of four to six years, we believe that oil companies are set up to return egregiously high returns to investors for much longer than people realize, leading to a rerating from valuation levels that still imply the end of oil is nigh.

Eric Nuttall is a partner and senior portfolio manager with Ninepoint Partners LP.


The Looming Energy Catastrophe

Ron Stein provides a briefing from California on the energy debacle imposed by clueless political leaders on ordinary Americans.  Excerpts in italics with my bolds H/T CFACT

The Looming Energy Catastrophe

Please enjoy and share this educational energy literacy briefing, a 5-minute video by Costa Mesa Brief at a California Chevron gas station. The video talks about the outrageous gas prices and tells us what is behind the increases, where it is heading and what, if anything, we can do about it. I think you will find his no-nonsense approach and perspective unique, sobering and very informative.

The video explains the impact on fuel prices from California government-imposed reductions in the supply chain of crude oil has increased imported crude oil from foreign countries from 5% in 1992 to more than 60% today of total consumption. Biden’s pledge stating, “we are going to get rid of fossil fuels,” is impacting fuel prices.

At today’s price of crude oil well above $100 per barrel, the imported crude oil costs California more than $150 million dollars a day, yes, everyday, being paid to oil-rich foreign countries, depriving Californians of jobs and business opportunities, and forcing drivers to pay premium prices for fuel.

Californians are consuming more than 50 million gallons of fuel daily for its 35 million vehicles, which is slightly more than one gallon per day per vehicle.

Californians continue to pay more than $1.00 more per gallon of fuel than the rest of the country primarily for the State, Federal and Local taxes, and the Government environmental compliance programs such as the Low Carbon Fuel Standard (LCFS), Cap and Trade, Renewable Fuel Standard (RFS), and the Underground Storage Tax. Those costs ‘dumped” onto the posted price at the pump are not transparent to the public.

The demand for fuels to move the heavy-weight and long-range needs of more than 50,000 jets for the military, commercial, private and the President’s Air Force One, and the more than 50,000 merchant ships that move products throughout the world are also manufactured from the supply of crude oil.

Life Without Oil is NOT AS SIMPLE AS YOU MAY THINK as renewable energy is only intermittent electricity from breezes and sunshine as NEITHER wind turbines nor solar panels can manufacture anything for society. Climate change may impact humanity, but being mandated to live without the more than 6,000 products and the various fuels manufactured from crude oil will necessitate lifestyles being mandated back to the horse and buggy days of the 1800’s.

When the public continues to demand increasing needs for the transportation fuels and the products made from crude oil, limiting its supply by governments and the Environmental, Social and Governance (ESG) movement to manufacture those items is a guarantee for today’s shortages and inflation.

Life without crude oil could be the greatest threat to civilization’s eight billion residents, resulting in billions of fatalities from diseases, malnutrition, and weather-related deaths.