Love this guy - far as I can tell he's not trying to campaign for anyone, just applies some common sense to some of the slogans about energy that are in the news. A lot of people seem to like video more than text, something for everyone.
I think the topic of this one will resonate with the regulars on this blog.
Given Yergin's occupation, the saying "he whose bread (or consulting fees) I eat, his song I sing, definitely applies. I have to admit I'm disappointed though if he really, truly believes this. He's old enough to know better.
America needs responsible leadership with regard to its remaining hydrocarbon resources. It needs someone with guts, who can't be bought, who CAN think past next week.
The general public, illiterate about oil and gas, looks to people like Yergin, or Harold Hamm, or Mike Summers with the API for answers that matter to their long term enegy future. They are getting lied to. All these people make money from shale oil and want, check that, NEED for the party to never end. They don't care about the long term, only how much money they can make from keeping the party going wide open.
I don't want the "party" to end. I want American oil to stay in American until WE need it.
Norway's Offshore Directorate expects the country's oil and gas output to peak in 2025, it said on Wednesday, in line, opens new tab with previous forecasts, but its subsequent decline will depend on discoveries and boosting recovery from existing fields
https://www.reuters.com/markets/commodities/norway-regulator-calls-oil-firms-boost-exploration-investment-2024-08-21/#:~:text=Norway's%20Offshore%20Directorate%20expects%20the,boosting%20recovery%20from%20existing%20fields.
Case history of the collapse in Mexican and North Sea oil production . Absolute crashes in 4-5 years . A lesson for shale . Spanish . Use Google translate .
Amen - you're in good company when you think you're talking to the air. Jesus didn't always have great luck with His message either, but it eventually went viral big time! The challenge is that it's hard to "spin" for people trying to peddle a position. Higher oil and gas prices are good for the industry but not for the rest of the debt soaked economy and are a shaky platform to stand on if you're an oil company CEO who wants a higher stock price but not the blowback that comes with it. Still waiting for that book. These are days when I'd like to be back on that platform out in the shallow Gulf out of range of everything other than the sound of the seagulls.
Ask farmers how it is to be providing something people have to have and don't want to pay for. You get to read about the wonders of farm life, open air, etc. and how great it is to raise chickens in your back yard in suburbia. It's all fun and games until the crops fail.