“When the White House started calling around in a panic, they thought shale oil production could grow sharply in the near term — like in a matter of months or quarters. They were shocked to learn that that’s like asking for blood from a stone. It’s almost impossible.”
Irina, fantastic article this morning. You would be an excellent United States Secretary of Energy. At least your honesty, practicality, and humor would be great fun.
The things Biden, Von der Leyen and Guterres say are coming from the briefing and speechwriters behind these person. And unfortunately, these posts are filled with political nominees, not experts. These political nominees act as filters for reality for their bosses - much like Putin only heard good news about his army.
But there's another layer, the experts working in the 2nd and 3rd lines of governments, who are aware of the problems, but afraid of reporting it "as is" because of the repercussions. I see this every day - facts & analysis that don't fit the "narrative" are simply not reported, critical discussion of policy initiatives is shut down and so on.
It's not wonder that the crisis keeps getting worse and worse...
Jun 15, 2022·edited Jun 16, 2022Liked by Irina Slav
I discovered oilprice.com when I was searching for background information on the 2021 Texas freeze. Just skimming over articles over time provides context for the daily news unavailable from mainstream media's sound and word bites.
Either Biden, doesn't seem to get energy like the Saudis or Czar Putin do or he is just engaging in voter manipulation though that would require voter ignorance of energy issues.
Jun 15, 2022·edited Jun 15, 2022Liked by Irina Slav
Since 2021 the oil industry in California hasn't been able to obtain permits to drill new exploration or production wells because of court challenges and State government delays. The buildup to no permits has been going on for decades but California still uses a lot of oil, the majority foreign imports. How importing lowers CO2 emissions is a question that deserves some pondering. California has very rich oil basins and significant remaining potential but the industry is prevented from assisting the nation's oil supply and lowering the price. More details on this problem at https://www.geoexpro.com/articles/2022/06/california-dreaming-revisiting-the-oil-rich-san-joaquin-basin-california
Politics is always about building an appealing narrative to get or stay elected. That the narrative departs so far from reality can become problematic, as Putin learned when his personal narrative that Ukrainians would welcome Russian invaders with open arms and celebration parades turned out to be completely wrong.
For those of us who can see through the political and extremist nonsense, we can position our families and resources appropriately. Long commodities and energy. Short the hype.
It should be mandatory for all politicians and policy makers to spend at least a decade in the private sector; in the real world of thermodynamic and volumetric constraints. Unfortunately, they live and die in the world of nominal constraints
Tucker Carlson had the Utah State Treasurer, Marlo Oaks on last night, who explained how the ESG (Environmental, Social, Governance) Scam, being pushed by the Big Banks, World Bank, IMF, WEF & Blackrock, is drying up funding for rational energy development. Instead it pushes funding to scams like wind & solar and various carbon credit schemes, like forest preserves in Brazil. They claim buying up a section of rainforest and sequestering it from development replaces all that vegetation carbon from being released by farming, ranching or logging and then sell an equivalent amount of carbon credits to outfits like Exxon. It's all nonsense, the farmers or loggers just exploit another area. And if the forest preserve burns by accident or on purpose, no refunds are given. And then the investment firm can regrow the forest and get more carbon credits for that.
And the top 5 on the ESG top 500 are the big Tech giants Apple, Amazon, Microsoft & Google/Alphabet. Largely because they buy carbon credits from wind & solar farms which is all nonsense, pretending one unit of wind or solar displaces one unit of coal generation. The grid doesn't work that way. And Tesla is not even on the ESG top 500. While Exxon is at #8. Companies that develop nuclear power plants won't make the ESG top 500. What a scam!
Elon Musk @elonmusk
" Exxon is rated top ten best in world for environment, social & governance (ESG) by S&P 500, while Tesla didn’t make the list! ESG is a scam. It has been weaponized by phony social justice warriors. "
We should be grateful that it's months for shale rather the years needed for a conventional development (which would likely be offshore as all of the easy conventional onshore has been tapped). Imagine if the US had banned fracking as other countries have? Thank you George Mitchell!
I'd also observe that, for example, Keystone XL could have been in service by now, enabling greater flows from the friendly frozen north.
It’s interesting that you see the Biden Administration attempting to stifle thought, words, details that run counter to their woke left climate agenda. Recent statements by many Admin officials run the course of “asking” social media platforms to censor “miscommunication” on climate change issues including the truth on oil, refining and such. The woke left just loves free speech but only if it is their version of the truth. The people however see thru this and Sleepy Joes blame game. The Dems are going to go down to an epic defeat in the November elections.
Irina, fantastic article this morning. You would be an excellent United States Secretary of Energy. At least your honesty, practicality, and humor would be great fun.
Irina, none of Ken Mull's graphics ever show up.
Bravo! fantastic. insightful and very direct.
The things Biden, Von der Leyen and Guterres say are coming from the briefing and speechwriters behind these person. And unfortunately, these posts are filled with political nominees, not experts. These political nominees act as filters for reality for their bosses - much like Putin only heard good news about his army.
But there's another layer, the experts working in the 2nd and 3rd lines of governments, who are aware of the problems, but afraid of reporting it "as is" because of the repercussions. I see this every day - facts & analysis that don't fit the "narrative" are simply not reported, critical discussion of policy initiatives is shut down and so on.
It's not wonder that the crisis keeps getting worse and worse...
I discovered oilprice.com when I was searching for background information on the 2021 Texas freeze. Just skimming over articles over time provides context for the daily news unavailable from mainstream media's sound and word bites.
Either Biden, doesn't seem to get energy like the Saudis or Czar Putin do or he is just engaging in voter manipulation though that would require voter ignorance of energy issues.
Since 2021 the oil industry in California hasn't been able to obtain permits to drill new exploration or production wells because of court challenges and State government delays. The buildup to no permits has been going on for decades but California still uses a lot of oil, the majority foreign imports. How importing lowers CO2 emissions is a question that deserves some pondering. California has very rich oil basins and significant remaining potential but the industry is prevented from assisting the nation's oil supply and lowering the price. More details on this problem at https://www.geoexpro.com/articles/2022/06/california-dreaming-revisiting-the-oil-rich-san-joaquin-basin-california
Politics is always about building an appealing narrative to get or stay elected. That the narrative departs so far from reality can become problematic, as Putin learned when his personal narrative that Ukrainians would welcome Russian invaders with open arms and celebration parades turned out to be completely wrong.
For those of us who can see through the political and extremist nonsense, we can position our families and resources appropriately. Long commodities and energy. Short the hype.
Cheers!
u nailed it. scary talk from washington/brussels/UN.
It should be mandatory for all politicians and policy makers to spend at least a decade in the private sector; in the real world of thermodynamic and volumetric constraints. Unfortunately, they live and die in the world of nominal constraints
Hello Irina,
All of this is delusional indeed. I live in Oregon and sent Sen Wyden an email advising him of the unbeilveable consequence of this horrible idea.
Absolutely brilliant.
Keep writing, Irina. Please, please don't ever give up!
You remind me of the prophet Jeremiah in the Bible.
God's abundant blessings to you!
We regret to inform you that Gina McCarthy has officially labeled this article as dangerous climate misinformation.
Tucker Carlson had the Utah State Treasurer, Marlo Oaks on last night, who explained how the ESG (Environmental, Social, Governance) Scam, being pushed by the Big Banks, World Bank, IMF, WEF & Blackrock, is drying up funding for rational energy development. Instead it pushes funding to scams like wind & solar and various carbon credit schemes, like forest preserves in Brazil. They claim buying up a section of rainforest and sequestering it from development replaces all that vegetation carbon from being released by farming, ranching or logging and then sell an equivalent amount of carbon credits to outfits like Exxon. It's all nonsense, the farmers or loggers just exploit another area. And if the forest preserve burns by accident or on purpose, no refunds are given. And then the investment firm can regrow the forest and get more carbon credits for that.
And the top 5 on the ESG top 500 are the big Tech giants Apple, Amazon, Microsoft & Google/Alphabet. Largely because they buy carbon credits from wind & solar farms which is all nonsense, pretending one unit of wind or solar displaces one unit of coal generation. The grid doesn't work that way. And Tesla is not even on the ESG top 500. While Exxon is at #8. Companies that develop nuclear power plants won't make the ESG top 500. What a scam!
Elon Musk @elonmusk
" Exxon is rated top ten best in world for environment, social & governance (ESG) by S&P 500, while Tesla didn’t make the list! ESG is a scam. It has been weaponized by phony social justice warriors. "
Watch Tucker Carlson, 6/14/22 @ 30m:
https://www.bitchute.com/video/0MRUY6ze3c8b/
We should be grateful that it's months for shale rather the years needed for a conventional development (which would likely be offshore as all of the easy conventional onshore has been tapped). Imagine if the US had banned fracking as other countries have? Thank you George Mitchell!
I'd also observe that, for example, Keystone XL could have been in service by now, enabling greater flows from the friendly frozen north.
It’s interesting that you see the Biden Administration attempting to stifle thought, words, details that run counter to their woke left climate agenda. Recent statements by many Admin officials run the course of “asking” social media platforms to censor “miscommunication” on climate change issues including the truth on oil, refining and such. The woke left just loves free speech but only if it is their version of the truth. The people however see thru this and Sleepy Joes blame game. The Dems are going to go down to an epic defeat in the November elections.
https://youtu.be/E1fzJ_AYajA