kurtster wrote:

Well sorry for not keeping up on everything related to your government.

Saying this is Biden cutting off private financing is totally disingenuous and you are deliberately misrepresenting the situation. First, according to the article there has been no action by the federal government to mandate anything. The article says they are warning financial institutions that they should assess risks from climate change, which is entirely appropriate thing to do for institutions to maintain financial responsibility. Furthermore it is entirely appropriate for the government to warn about and in some cases regulate risks in the financial system or else they end up having to bail it out like in previous financial crises. But in this case they are not mandating anything. And even what the activists want doesn't cut off private financing, they want the banks to hold enough capital to cover the risks. Investors should expect no less. 

 haresfur wrote: 
And this is old news to those who are paying attention.  It has well advanced since the article and is now policy and cutting off private financing of the oil industry.

Biden administration warns that climate change poses risks to financial system

Published October 21, 2021 at 6:15 p.m. EDT

 black321 wrote: 
If you look at the chart we are just about where we were in July of 2018, still way down from the pre pandemic peak of 2020.  The chart also shows that Trump had a tremendous surge in production all the way through to the pandemic.  He accomplished that only with policy and reducing regulations.  And look how cheap fuel was when the oil companies were turned loose, contrary to what is being claimed now; that if we set them free prices will rise even more.  Obama had said that it would take 10 years to accomplish what Trump did in 2 years.  All's you have to do is get the government out of the way.

As alternatives become cost effective, they will take over, period end of story.  Meanwhile as I stated before (and completely ignored), we need a new grid (infrastructure) to handle all the forced new electricity consumption (demand).  We already cannot handle the existing demand as we stand right now.  We are designing a shopping center without roads to get to it.  It only takes a fundamental grasp of urban planning to understand not to put the cart in front of the horse, which has been a tremendous failure of the democratic party demonstrated over the past 50 years.

 kurtster wrote:
Huh is right. Explain this to me. How is Biden cutting off private money to oil companies?

 kurtster wrote:

The chart proves my point, production is up...rising...but not as fast as it could be because oil cos not only shut down production when prices plummeted, but cut exploration. 
I'm guessing you are still arguing high oil prices and inflation are Biden's fault, while ignoring the obvious that it takes years to ramp-up production, the surge in demand, the Ukraine impact, and notably the larger point that we need a coherent national strategy if not global strategy to transition away from fossil fuels. 
The last administration (you know, the chubby one) added even more confusion to the markets by signaling he wasn't interested in alternatives. 

and yes 

 black321 wrote:
This is the necessary balancing act. It seems clear to me that a transition will occur, although there are some who appear to deny that. The US would want to be in front of that transition, not behind the curve.

 black321 wrote: 
A) ya think ?  He's gone from blaming Putin, then claiming that the US is at war and now it's all on gas station operators overcharging.  Even Bezos has called him out on this.  And just who are we engaged in a war with right now ?

B)  Production is down the last two years not up.  It is presently climbing slowly, but it is down roughly 10% overall from 2 years ago.



More information than you'll ever want to know about this ...

And now this with Biden and the EPA and regulations  ...

World’s Biggest Oil Field Faces Pollution Rules That Could Curb Drilling

There are many other sources but they are behind paywalls

 kurtster wrote:

re. Biden...his messaging has been off. 
Initially it was all about reducing fossil fuel consumption.
Then, when prices spiked, it was we need to produce more.
Actual legislation pushes have amounted to nothing, and even if they did (like reviewing gov land leases), would have had virtually no impact on today's pricing, 
which is all about oil companies not willing to risk their capital in prior years due to the low prices (although domestic production is actually up the last two years). 
The bigger problem is about coordinating both a plan to maintain adequate production in the short-term, 
while at the same time investing to wean ourselves off fossil fuels.
No one seems to be doing that job. as it is either the former or latter. 

 black321 wrote: 
This, only you missed the most important part regarding capital investment.  The Biden / GND (Green New Deal) policy is to deny financing to the oil companies and it is working all too well preventing any long term actions.  Essentially paralyzing the industry, domestically speaking.  Oil is so much more than just fuel for internal combustion engines.  It is plastic, fertilizer and pharmaceuticals just for openers.  It is part of the overhead in nearly everything in our lives. Official policy is to keep banks from investing in oil companies, period.  Biden screams do more and at the same time cuts off private money needed to conduct business, not government money but private money.  Huh ?  And then grants and takes away leases, and the ones that are granted are so heavily regulated that it becomes impossible to satisfy all the regulations, thereby simply shutting things down.

Meanwhile, force electric on everyone prematurely with no infrastructure in place to deal with the extra volume.  We cannot handle our needs at present.  Our power grid needs to be totally rebuilt and hardened before we add anymore demand.  The greenies have to get out of the way with regulating the construction to death making it impossible to do.  Yeah, some trees are going to be cut down and some of the right of ways may be like a scar on the landscape, but that is what we have to bear in order to succeed.  PG&E wants to try and bury transmissions lines again to cut down on fires.  The environmentalists now greenies got in the way over aesthetics of that the first time.  How many fires would have been prevented and how many lives would not have been lost ?  You can't have it both ways.  The most recent estimate that I have heard is about $15 billion.  It's fucking chump change.  Trump was in favor of it and would likely have been part of the agenda for his second term.  But since Trump liked it, it will never get done.  So we will end up doomed to perpetual brownouts and blackouts making things even more unstable and unreliable.  This chaos is deliberate.  Rebuilding the grid should be a priority like building the Interstate Highway system was in the 50's.  Eisenhower started it.

In the mean time, we need oil and lot's of it.  Otherwise we will bankrupt ourselves and end up unable to adapt in order to survive simply because we are broke.  The cost of energy more than anything else directly relates to and raises or lowers the quality of life with its costs.

 Red_Dragon wrote:

In all honesty, until we at least get the "vast majority" of people/politicians believing climate change or just pollution is bad,  and it is necessary to replace fossil fuels with cleaner, more efficient sources, and assuming we continue to see a seesaw, back and forth control from one political group to the other...would we really make any traction?

Still, it's like the Paris Accord...wouldn't really accomplish much, but is quite symbolic.

We really need a coordinated complete plan that both sides buy into, and provides clear transparency towards where we are headed.
e.g., this lack of transparency has contributed to the surge in fuel prices, as oil producers have been hesitant to invest their capital (over years) to increase production.

 Red_Dragon wrote:


When the planet eventually dies we can all relocate to Mars, with our guns of course. 

13

Generally weak sauce

Next up: fuck the environment!

 Red_Dragon wrote:
Approved virtue-signalling.

The campaign to achieve a fascist theocracy continues apace...

 islander wrote: 
Pot has nothing to do with anything. 

So you sold yer boat, eh ?  Good for you.  Now you can buy all the Pixie Dust you want !

Like I said before, I pretty much ignore you unless you start up something with me.

 kurtster wrote:

You need to slow down on the pot, you are way behind. We've been off the boat for a while. 

if the supreme court cannot make decisions in 2022 based on current real-world situations and knowledge, then it's obsolete. trying to interpret what people meant 200 years ago and then trying to apply it to modern times is ridiculous. people can talk about "originalist" bs all they want, but this isn't 1800. this court is obsolete and has no business determining law for the modern times - it has shown itself to be a relic of times past.