Climate-Science Deniers, Right-Wing Think Tanks, and Fossil Fuel Shills Are Plotting Against the Cle

Discussion in 'Environment & Conservation' started by Media_Truth, Aug 10, 2024.

  1. AFM

    AFM Well-Known Member Past Donor

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    The pattern continues.
     
  2. Jack Hays

    Jack Hays Well-Known Member Donor

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    Please see #291.
     
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  3. Media_Truth

    Media_Truth Well-Known Member Past Donor

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    No post numbers on my phone. Please provide the bogus link.
     
  4. 557

    557 Well-Known Member

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    Turn your phone 90° (horizontal) and post numbers will most likely appear. Works for iPhone anyway.
     
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  5. Jack Hays

    Jack Hays Well-Known Member Donor

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    Your tech shortcomings are not a reason for me to do your work.
     
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  6. Jack Hays

    Jack Hays Well-Known Member Donor

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  7. Jack Hays

    Jack Hays Well-Known Member Donor

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  8. Jack Hays

    Jack Hays Well-Known Member Donor

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  9. Media_Truth

    Media_Truth Well-Known Member Past Donor

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  10. Jack Hays

    Jack Hays Well-Known Member Donor

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    ". . . However, a recent Bloomberg analysis has revealed a more surprising finding: smart money is betting heavily against clean energy while going long fossil fuels. To wit, the $5 trillion hedge fund industry is net long oil, gas and coal but net short batteries, solar, electric vehicles and hydrogen. According to Bloomberg, money managers have concluded that many green investments will not yield returns as quick or as high as they had hoped.

    The hedge funds’ bets have been driving a wave of momentum against renewable energy, with the S&P Global Clean Energy Index having lost almost 60% of its value since its 2021 peak, while the S&P Global Oil Index as well as the broad market S&P 500 Index have soared more than 50%. . . ."
     
  11. Media_Truth

    Media_Truth Well-Known Member Past Donor

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    Speculative companies always have a high volatility rate. One or two bankrupt companies can drive down success story averages. Not good evidence for overall trends.
     
  12. Jack Hays

    Jack Hays Well-Known Member Donor

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    ". . . In the pivotal solar sector, in the third quarter, net shorts outnumbered net longs for 77% of companies, a massive increase compared with just 33% in the first quarter of 2021. . . ."
     
  13. Jack Hays

    Jack Hays Well-Known Member Donor

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  14. Media_Truth

    Media_Truth Well-Known Member Past Donor

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    Coal is not a fossil fuel worth pursuing. Natural gas is used extensively in the U.S., and there is little chance that there will be any short-term reductions. Oil is a totally different animal, and one worth discussing. Oil is an extremely precious commodity, used not only for mobility, but also for intricate plastics used in surgeries and other medical procedures. I find it incredible that the world is on a course to exhaust this non-renewable resource in 10-15 generations, when it can quite easily be preserved to last for hundreds of generations, which would help our economy, our localized pollution, and our long- term planetetary health. We are squandering this resource.
     
  15. Jack Hays

    Jack Hays Well-Known Member Donor

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    ". . . Aramco CEO Amin Nasser says, “Global South is likely to see significant growth in oil demand for a long time…. If so, more than 100 million barrels per day would realistically still be required by 2050… This is a stark contrast with those predicting that oil will, or must, fall to just 25 million barrels per day by then…. Being short 75 million barrels every day would be devastating for energy security and affordability.”

    Meanwhile, the preachers of the anti-fossil fuel gospel live hypocritically, enjoying fossil fuel-guzzling private jets and lavish sea-front mansions. That their affluence rests on an economic bedrock of fossil fuels is not lost on impoverished countries seeking betterment through the use of hydrocarbons as they are pressured to adopt “green” policies. . . ."
     
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  16. Media_Truth

    Media_Truth Well-Known Member Past Donor

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    So surprising to hear that the Aramco CEO wants more oil sales. Is this a JOKE on your part?
     
  17. Jack Hays

    Jack Hays Well-Known Member Donor

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    It’s his assessment. He knows the market.
     
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  18. Media_Truth

    Media_Truth Well-Known Member Past Donor

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    While you’re at it, you may as well quote the CEOs of BP, Chevron, and Valero. That would be the objective thing to do:applause::applause::applause:
     
  19. Jack Hays

    Jack Hays Well-Known Member Donor

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    They know the market. Their business depends on getting it right.
     
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  20. AFM

    AFM Well-Known Member Past Donor

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    He wants more supply to meet the demand of consumers who are rejecting wind, solar, and EV's despite the huge market distortions resulting from government subsidies.
     
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  21. Media_Truth

    Media_Truth Well-Known Member Past Donor

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    Well you’d better quote them all then. After all, we should do whatever the CEOs of oil companies want. Inconvenient Truth is a bitch.
     
    Last edited: Oct 30, 2024
  22. Jack Hays

    Jack Hays Well-Known Member Donor

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    Silly evasion is not an argument.
     
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  23. Jack Hays

    Jack Hays Well-Known Member Donor

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  24. Pieces of Malarkey

    Pieces of Malarkey Well-Known Member

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  25. Media_Truth

    Media_Truth Well-Known Member Past Donor

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    I was paying for my groceries, and the cashier told me, “You’ve earned 10 cents off on gasoline”. I am not saying that this is a subsidy, but Americans are so used to reaping the everyday subsidies that hold down the price of a gallon of gasoline, that they are in denial that the subsidies exist. In Great Britain, where there are fewer subsidies, their gas prices are 2-3 times those of the US.

    https://www.imf.org/en/Blogs/Articles/2023/08/24/fossil-fuel-subsidies-surged-to-record-7-trillion

    Scaling back subsidies would reduce air pollution, generate revenue, and make a major contribution to slowing climate change.

    Fossil-fuel subsidies surged to a record $7 trillion last year as governments supported consumers and businesses during the global spike in energy prices caused by Russia’s invasion of Ukraine and the economic recovery from the pandemic.
     

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