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Just checked on https://oilprice.com/ https://oilprice.com/. it is above 100 USD. There was an article here (IIRC) about Climate Change and 1.5C may be reached

by jmclnx 8mo ago

Just checked on https://oilprice.com/ https://oilprice.com/. it is above 100 USD. There was an article here (IIRC) about Climate Change and 1.5C may be reached by 2030. With high Oil Prices, maybe it will force some countries to take climate change seriously.

softwaredoug 8mo ago
Trump simultaneously says fossil fuels are the future while showing how sensitive oil is to geopolitical shocks.
semiquaver 8mo ago
> maybe it will force some countries to take climate change seriously. lol, rofl even. Why didn’t anyone take climate change seriously during any of the previous years-long periods when oil was over $100 and why would now be any different?
- smallmancontrov 8mo ago
  It already happened. Why do you think China showered their EV industry in government money and attention? Smog reduction is nice, but cars were never the main offender and denial was working OK. The real answer is that they were reducing geopolitical vulnerability to oil cutoff. It's a long road and they aren't at the end of it yet, but they can plan a few moves ahead. Unlike our guy, who poked a stick into the hornet nest and was surprised by the outcome.
mistrial9 8mo ago
"... take climate change seriously" is such shallow terminology. Economically this points to a tip of the proverbial iceberg. Economics in a modern State may be compared to gravity itself. Whatever the changes to the players and the playing field, economics adds to the calculus. WHO pays WHAT price is the start of the conversation.
teemur 8mo ago
We need to think that there is two oil prices. one the producer gets and another the consumer pays. High producer price is the worst thing that can happen from climate change perspective. That means also the more difficult to extract oilfields become profitable and then oil in also those will be extracted and burned. If we get the producer oil price to say $5 per barrel, I guarantee you oil production will collapse to almost nothing. Obviously consumer oil price can't be $5 unless there is something still cheaper and better (hard) or taxation/emissions trading schemes that make consumers pay much more than what producer gets.

by jmclnx 8mo ago

softwaredoug 8mo ago

Trump simultaneously says fossil fuels are the future while showing how sensitive oil is to geopolitical shocks.

semiquaver 8mo ago

> maybe it will force some countries to take climate change seriously. lol, rofl even. Why didn’t anyone take climate change seriously during any of the previous years-long periods when oil was over $100 and why would now be any different?

smallmancontrov 8mo ago
It already happened. Why do you think China showered their EV industry in government money and attention? Smog reduction is nice, but cars were never the main offender and denial was working OK. The real answer is that they were reducing geopolitical vulnerability to oil cutoff. It's a long road and they aren't at the end of it yet, but they can plan a few moves ahead. Unlike our guy, who poked a stick into the hornet nest and was surprised by the outcome.

mistrial9 8mo ago

"... take climate change seriously" is such shallow terminology. Economically this points to a tip of the proverbial iceberg. Economics in a modern State may be compared to gravity itself. Whatever the changes to the players and the playing field, economics adds to the calculus. WHO pays WHAT price is the start of the conversation.

teemur 8mo ago

We need to think that there is two oil prices. one the producer gets and another the consumer pays. High producer price is the worst thing that can happen from climate change perspective. That means also the more difficult to extract oilfields become profitable and then oil in also those will be extracted and burned. If we get the producer oil price to say $5 per barrel, I guarantee you oil production will collapse to almost nothing. Obviously consumer oil price can't be $5 unless there is something still cheaper and better (hard) or taxation/emissions trading schemes that make consumers pay much more than what producer gets.