“Equatorial Guyana and Suriname have combined oil reserves estimated to be 17 billion barrels of oil equivalent. The biggest hurdle to the extraction of these reserves could come from lack of capital … if the international climate-industrial complex takes a strong stand against their extraction plans and their own governments acquiesce.”
The poverty-stricken Caribbean countries of Guyana and Suriname have hit the jackpot with the discovery of huge offshore oil reserves that are on track to produce revenue for decades.
Opposition from the United Nations and other anti-hydrocarbon entities might hamper the pace of production but won’t stop it. The global need for more crude is too great, and the economic situation of the two South American nations is too dire.
Suriname has been experiencing double-digit inflation for a while now (35 percent in 2020).…
“On-the-ground weather forecasts contradict the narrative that winters will be milder…. False climate forecasts can lead to chaos due to unpreparedness.”
Right in the midst of a global political effort to reduce fossil fuel consumption, Japan is set to increase its fossil fuel use and imports as an expected colder-than-normal winter approaches.
The country’s meteorological department recently released its weather outlook for the upcoming winter, which expects that most regions will experience either 30-year-average or below average temperatures between December and February.
Climate Narrative vs. Energy Reality
Blind belief in the global warming narrative can catch nations off guard, risking severe energy crises due to unpreparedness. There is an old axiom that says, “Measure twice, cut once.” It reiterates the need for careful planning before embarking on a task. Doing so saves time and energy and prevents mistakes.…
“Aluminum smelting requires uninterrupted power supply for production, which can be met only through in-house captive power supplies. The reduction in coal supplies, without any advance notice, has brought the industry to a standstill as it has been left with no time to devise any mitigation plan to continue sustainable operations.” (Aluminum Association of India, below)
Sometimes it’s not easy to follow up your words with actions. This is particularly true when a large economy based on fossil fuels is threatened by an anti-energy mentality trying to substitute dilute, intermittent energies for dense, reliable ones.
This incongruency has hit India, the world’s third largest emitter that is predicted to register the highest energy demand growth in the next 20 years.
A Fossil-less Utopia?
Nations around the world are under pressure to promise unprecedented cuts in fossil fuel consumption at the upcoming climate conference in Glasgow, Scotland (COP26).…