4 ms·

Let's charitably assume we sue, win, and "big oil" goes completely bankrupt. Does anyone here actually think this will meaningfully change anything? That a void

Let's charitably assume we sue, win, and "big oil" goes completely bankrupt. Does anyone here actually think this will meaningfully change anything? That a void for fossil fuel energy production will just continue to exist unfilled?

worker_person 4y ago
Get rid of oil in a rapid fashion, and we go the route of Venezuela. Getting rid of oil is the goal of the current Administration. They are having some success by making it difficult as possible. Now we have a huge mess from it and elections are coming up, so goal is to blame oil for the problems caused by the Administration. If you want to get off oil because you believe it's bad for environment. That is a respectable position. But there is a huge political price to pay when the poor in the country are suffering now from it.
- whatever1 4y ago
  The poor will be also starving when we will not be able to produce crops due to extreme weather. Climate disaster is around the corner and we need to act yesterday. With our current approach it seems that we screw the poor both today and in the future.
- jthrowsitaway 4y ago
  How do you support your argument that the current administration is being effective in killing off oil? We are still a net exporter of oil [0] and crude oil production is about where it was at in late 2018. It took a dive during COVID-19 and has been recovering since. 0 - https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mttntus2&f=m https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=m... 1 - https://www.macrotrends.net/2562/us-crude-oil-production-historical-chart https://www.macrotrends.net/2562/us-crude-oil-production-his...
  - worker_person 4y ago
    You're joking right? He has been killing off pipelines, suspending leases, increasing regulations. https://www.cnbc.com/2021/01/27/biden-suspends-oil-and-gas-drilling-in-series-of.html https://www.cnbc.com/2021/01/27/biden-suspends-oil-and-gas-d...
    - jthrowsitaway 4y ago
      My question still stands. We're near ATH of oil production and are a net exporter. Sure, the Boogeyman wants to kill oil, but has he been able to do that with great success in 1.5 years as president?
thinkcontext 4y ago
The way I've imagined it is an orderly winding down. Existing production continues but no expansion. All profits are redirected to aid in the transition with an emphasis on helping the poor in replacing their fossil fuel use.
- konfusinomicon 4y ago
  i think that everyone including the FF companies ultimately wants a wind down, its a finite resource after all. it's a matter of how long will that take, and how long will winding up other energy industries take, be it building out the infrastructure, limiting the environmental impact of that build out, or researching the future technologies that will make 100% clean energy feasible. any timelines need to be reasonable. maybe a 50 year plan is doable and in the mean time, there is no sense in kneecapping the world by limiting expansion
- notatoad 4y ago
  and suing big oil is exactly the opposite of the way to achieve this. if you can successfully drive western oil companies out of business, all our oil will have to come from saudi, russia, venezuela, etc. countries where we have no ability to tax the profits of oil companies and redirect that money to something beneficial.
  - OrvalWintermute 4y ago
    I believe that it is likely BigOil that will finally solve much of our renewable energy needs. They have the huge amounts of capital, and the management abilities to do nation-state levels of production around energy. Some of the more challenging ideas like space based power beaming on a massive scale would require the kind of capital and longterm projects current day BigOil can bring to bear. Truly massive solar farms are the same way, they require huge capital.
  - thinkcontext 4y ago
    Carbon tariff at the border.
r_harriso 4y ago
Seize the assets, nationalize the oil industry, use the profits to pay for infrastructure.

worker_person 4y ago

Get rid of oil in a rapid fashion, and we go the route of Venezuela. Getting rid of oil is the goal of the current Administration. They are having some success by making it difficult as possible. Now we have a huge mess from it and elections are coming up, so goal is to blame oil for the problems caused by the Administration. If you want to get off oil because you believe it's bad for environment. That is a respectable position. But there is a huge political price to pay when the poor in the country are suffering now from it.

whatever1 4y ago
The poor will be also starving when we will not be able to produce crops due to extreme weather. Climate disaster is around the corner and we need to act yesterday. With our current approach it seems that we screw the poor both today and in the future.
jthrowsitaway 4y ago
How do you support your argument that the current administration is being effective in killing off oil? We are still a net exporter of oil [0] and crude oil production is about where it was at in late 2018. It took a dive during COVID-19 and has been recovering since. 0 - https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mttntus2&f=m https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=m... 1 - https://www.macrotrends.net/2562/us-crude-oil-production-historical-chart https://www.macrotrends.net/2562/us-crude-oil-production-his...
- worker_person 4y ago
  You're joking right? He has been killing off pipelines, suspending leases, increasing regulations. https://www.cnbc.com/2021/01/27/biden-suspends-oil-and-gas-drilling-in-series-of.html https://www.cnbc.com/2021/01/27/biden-suspends-oil-and-gas-d...
  - jthrowsitaway 4y ago
    My question still stands. We're near ATH of oil production and are a net exporter. Sure, the Boogeyman wants to kill oil, but has he been able to do that with great success in 1.5 years as president?

thinkcontext 4y ago

The way I've imagined it is an orderly winding down. Existing production continues but no expansion. All profits are redirected to aid in the transition with an emphasis on helping the poor in replacing their fossil fuel use.

konfusinomicon 4y ago
i think that everyone including the FF companies ultimately wants a wind down, its a finite resource after all. it's a matter of how long will that take, and how long will winding up other energy industries take, be it building out the infrastructure, limiting the environmental impact of that build out, or researching the future technologies that will make 100% clean energy feasible. any timelines need to be reasonable. maybe a 50 year plan is doable and in the mean time, there is no sense in kneecapping the world by limiting expansion
notatoad 4y ago
and suing big oil is exactly the opposite of the way to achieve this. if you can successfully drive western oil companies out of business, all our oil will have to come from saudi, russia, venezuela, etc. countries where we have no ability to tax the profits of oil companies and redirect that money to something beneficial.
- OrvalWintermute 4y ago
  I believe that it is likely BigOil that will finally solve much of our renewable energy needs. They have the huge amounts of capital, and the management abilities to do nation-state levels of production around energy. Some of the more challenging ideas like space based power beaming on a massive scale would require the kind of capital and longterm projects current day BigOil can bring to bear. Truly massive solar farms are the same way, they require huge capital.
- thinkcontext 4y ago
  Carbon tariff at the border.

r_harriso 4y ago

Seize the assets, nationalize the oil industry, use the profits to pay for infrastructure.