this is another side effect of policy from liberals and environmentalists.   they are trying their best to kill the energy markets.  this drives electricity prices higher.  

higher power bills will mean you have a lower standard of living.  and it does nothing to address any so called climate crisis.  

Thanks bear,

There never was any chance of affecting the climate. We need fossil fuels to drive the developed world's economies.

Making them extremely expensive hurts the poor the most. That and massive funding/favorable taxing and other incentives is giving solar and wind(fake green energy doing the most damage to the environment) a competitive edge. 

The links are about a UK tax. The UK has had a Tory government since 2010. Their domestic production of coal & oil has cratered. Peak oil produced was 2,649,389 Barrels/Day in 1999. It fell by 2/3 and recovered a tad to about a million barrels a day in 2020, but is down again to around 800k.  Post-Brexit, supplies of everything are dicey there. They're scrambling to find energy sources, and talking about the North Sea running out by 2030. Taxing fuels to force conservation is something they've been doing for at least 60 years.
https://tradingeconomics.com/united-kingdom/crude-oil-production

Thanks much patrick.

Some good points.

I'm old enough to remember them telling us constantly that we were going to run out of crude in X numbers of years. You remember the constant discussions about PEAK OIL.

We had to hurry to find replacement sources because fossil fuels were going to run out.

Then, all of a sudden the narrative shifted to fossil fuels are killing the planet and THAT'S the only reason we have to replace them.

That new narrative, allowed them to hijack climate science and use them in incredibly powerful political ways in the Climate Accord and with carbon taxing and science funding and fake green energy funding and other lucrative schemes. 

We are running out of precious fossil fuels.........flipped to fossil fuels are killing the planet.......just like that at the end of the 1980's.

In the early 1990's, the UN, created the IPCC and made them the world's authority on the climate crisis/climate change.......and their reports are still used like the bible in a religion by all government climate scientists(but not in Russia or China).

https://www.marketforum.com/forum/topic/76969/

https://www.marketforum.com/forum/topic/69439/#69451

https://www.marketforum.com/forum/topic/24676/#24693

https://www.marketforum.com/forum/topic/78168/

These 2 narratives contradicted the reasoning.

If fossil fuels are going to run out...........then we don't have to worry about them killing the planet. 

However, having people think that fossil fuels will run out makes them much more valuable.

But their value was amplified greatly by the United Nations when the world was informed that the building block for all life, CO2 was actually pollution(that's greening up the planet) and used this narrative to generate trillions for fake green energy projects(wrecking the environment-killing birds)  and unlimited government funding and taxing benefits in numerous realms related to fighting the climate crisis. 

It's extremely urgent. The planets future is at stake!

Wait a second, we'd been told for decades that the crisis was that fossil fuels were being depleted at an unsustainable rate and would run out during our children's life time!!!

If that was true, then all we need to do is...............let them run out!

Problem solved (-:

Dang manufactured realities stealing our intelligence for self serving agenda's!

I should add that the fraudulent  Climate Accord does some good things for poor/undeveloped countries and the fake climate crisis was created  by people with a vision to help them the most. ...and I like that part of it. 

I've quit making global predictions, except very short (<1yr) or very long term (after I'm gone).  Some things are more statements of the obvious than predictions:  

A large undersea oilfield that's been in severe decline for over 20 years is most likely going to continue to decline. 

Britain, unlike Bangladesh, the Sahel, the Great Barrier Reef, or Cape Cod, has little direct exposure to damage from warming.

Which was my point here : That whatever they want to call it, the British carbon tax is a classic move based on solid economic reasoning, i.e. keeping the lights on when the tankers don't show up or take pounds. (That it's a somewhat regressive tax is all the more reason to greenwash it.)

patrick,

From as far back as I can remember, you've always made solid points based on facts and realities, especially with regards to energy.

when i was in grade school back in the 70's, they said we had 40 years worth of oil left. 

then when i was in college and grad school in the 80's, they said we had 40 years worth of oil left.

then when i started to work at a college in the 90's, they said we had 40 years worth of oil left.

and today, they say we have 40 years worth of oil left.

we find more all the time.  today the oil we find is a bit more expensive to find and extract.  

there is probably 400 years worth of oil just in venezuela alone.  the problem is the political regimes, not the supply. 

bear,

Agreed.

I think there's a good chance that there are tremendous amounts of abiotic oil being created deep down in the earth based on the extreme pressures and chemicals in the rocks. Some of this rising towards the surface and is the reason that we have exceeded the total amount of oil that one would expect based on all the life that once existed on this planet, dying and decomposing. 

In other words, there's an infinite amount of NOT fossil fuels but hydrocarbons that our planet has manufactured. Enough to last for many thousands of years at least. We would only need to drill deeper to get even more.

The oil and gas business, experts in this field would stand to lose trillions of dollars if this was widespread knowledge.

The more scarce a commodity, the higher its value.

Forced scarcity of fossil fuels now with disadvantageous policies is intentional to cause prices to go up and make electric and wind (fake green energy ruining the environment) more competitive and in fact, much more profitable because of government policies.

  $555 billion to fight the fake climate crisis            

                            Started by metmike - Nov. 2, 2021, 12:19 p.m.            

https://www.marketforum.com/forum/topic/76969/

Abiotic oil:

https://www.marketforum.com/forum/topic/6756/#6760

How much abiotic oil is there really?  Unknown but we know with absolute, proven/confirmed certainty that there is way more methane/natural gas being produced abiotically from the earth itself.

Indisputable!

They don't want you to know this or else............you would know this.

Rewriting the textbook on fossil fuels: New technologies help unravel nature's methane recipes

Abiotic sources of methane have been found in more than 20 countries and in several deep ocean regions so far.

"We have clear and growing evidence of abiotic methane on Earth. What is not clear is how much there is. These investigations have found incredible complexity in the way methane is produced, and these complexities connect inorganic and organic chemistry on Earth in fascinating ways."

Adds Dr. Young: "We went into this project thinking we knew how abiotic methane formed. What we're learning is that it is much more complicated, and the biggest key is hydrogen. With greater understanding of how rocks make the hydrogen from which methane derives, and how fast this reaction happens, we'll be a lot closer to knowing how much methane there is on Earth."

Jesse Ausubel of The Rockefeller University in New York notes that the popular definition of "fossil fuel" doesn't cover abiotic methane.

"Thousands of samples from many settings tested with super-sensitive instruments are producing a global picture of the abundances and fluxes of deep energy. Much of the very deep hydrocarbons is not conventional fossil fuel, as popularly defined."

The behaviors of biotic and abiotic methane, it should be noted, in terms of energy output and emissions when burned, are indistinguishable.

Key findings to date: 

• Thanks to new instruments, scientists have identified new isotope signatures in methane to help determine its provenance—an impossibility 10 years ago 
• The serpentinization reaction is better understood and is one of several ways Earth's rocks produce molecular hydrogen—a key source of geologic energy for the deep biosphere
• That hydrogen reacts with carbon dioxide to produce methane was long known. How this happens in Earth's crust, however, is highly complex, and many other organic molecules are created as byproducts in the process. These molecules can be used by microbes as a food source. They also represent intriguing clues as to the origins of life on Earth, as these organic molecules may be precursors for the building blocks of life (e.g., amino acids)
• With similar conditions and reactions likely on other planets and moons (e.g., the subsurface of Mars or on the ocean floor of Enceladus), it strengthens the potential identification of where life may exist elsewhere in the universe
• Studies of serpentinizing systems have found other abiotic hydrocarbons in addition to methane.

Future implications:

These investigations into how abiotic methane forms on Earth are not the end of the story, but rather the beginning.

The last 10 years have seen transformational changes in our understanding of the origins of methane on Earth and its pivotal role in sustaining the deep biosphere, providing a glimpse into the geological processes that could have set the stage for life.

With these new discoveries, we are poised to answer numerous big questions, such as:

• How much abiotic methane is being produced in Earth? 
• How much methane do the microbes of Earth's deep biosphere produce?
• How much do the microbes consume?
• What are movements and fates of abiotic methane?and
• Where is abiotic methane stored and for how long?

The success of the project's research has not only changed perceptions of energy generation in deep Earth, but also about how life may have found a foothold on our planet.

And if abiotic energy does occur on Earth, how likely is it that similar reactions and life have occurred elsewhere in the cosmos?

This Deep Energy research released today is a result of the Deep Carbon Observatory program, which will issue its final report in October 2019 after a decade of work by a global community of more than 1000 scientists to better understand the quantities, movements, forms, and origins of carbon inside Earth.                                                                                                      

Why aren't they shouting what they've learned  from the rooftops?????

Speaking of that..........this is worthy of it's own thread.

Abiotic theory for the origin of fossils fuels is now massively proven and the many hundreds of articles that have been written stating why its not possible still pollute peoples minds and steal their intelligence on the internet.

The Deep Carbon Observatory: A Ten-Year Quest to Study Carbon in Earth

http://www.engineering.org.cn/en/10.1016/j.eng.2019.03.004

Overview

The Deep Carbon Observatory (DCO) is a ten-year research program to investigate the quantities, movements, forms, and origins of carbon in Earth. More than 90% of Earth’s carbon may reside in the planet’s deep interior, and DCO’s overarching mission is to understand Earth’s entire carbon cycle—beyond the atmosphere, oceans, and shallow crustal environments, which have drawn most previous research attention—to include the deep carbon cycle [1,2]. A decade of focused research has led to major discoveries by DCO scientists on the physical, chemical, and biological roles of carbon in Earth.