(18) comments Back to story

Robert Fields

Darn. Only 30 more years for the fossil fuel industry to fleece the public while pocketing huge profits.

We’re looking at a whole another generation to start careers and retire in the fossil fuel industry. Really?

And it’s all for the low, low price of climate instability and huge risk for the planet. Such a deal.

Mike Johnson

Indeed, most encouraging news, but I would guess at least 40 more years of petroleum being the dominant fuel and raw material supply source for the world. When I visit my alma mater's geoscience departments and talk to students, the majority of them still want a high paying job in the petroleum industry, and they are there in abundance too.

Mike Johnson

And more good news for the patient and wise investors...A surge in energy stocks is challenging climate-conscious money managers who beat the market for years when the sector struggled but are now missing out on Wall Street’s hottest trade.

The S&P 500 energy sector has rebounded 54% this year, outpacing the broad index’s 21% climb and leading the second-best performing group by about 16 percentage points. That would mark the third-largest such gap between the top two sectors since 2000, according to Dow Jones Market Data."

https://www.wsj.com/articles/energy-stock-surge-leaves-climate-focused-investors-behind-11635000659

Greg Mello

My wife and I attended most of the first day of this conference at the Roundhouse. It was the worst conference either of us had ever attended. The atmosphere of sycophancy was so thick you could cut it with a knife. None of the difficult questions -- some of which can be seen in these comments -- were addressed. Amazingly, not one question could be posed, or answer given. It was all stage-managed as a kind of substance-free rally for the environmental troops, with vague promises to those representing the constituencies who will be harmed by corporate cartels and Big Green dealmakers. Quite unfortunately, the so-called green crowd -- which is really business-as-usual painted with watered-down, leftover green paint -- does NOT have science on their side. It is, as a commenter here says, all politics. This administration is getting the energy transition all wrong, frankly. Tthe Big Green groups are the same ones that sought failed "cap and trade" policies, wasting a good ten years in which real climate responses could have been charted, debated, and offered to the working families who will not get behind schemes to make Pattern Energy or Avangrid or their megainvestors rich. We wasted a day being there, but the experience did show us the policy dangers, and dangers to democracy, of excluding science and important constituencies in favor of the partisan politics of a legislative majority that does not heed the technical or political complexity of the crisis at hand. The result will be that the transformation sought by Heinrich, MLG, Propst, and others, lacking as it does a strong basis in fact and science, will fail overall while failing poor families most of all, right now.

Mike Johnson

[thumbup] Thank you for exposing the truth about this fiasco and waste of time.

Robert Fields

I generally go for the save the planet approach since that’s the one that seems it should be easiest to convey. People gotta eat.

Next comes the now unstable fossil fuel supply because you’d think people would want to look out for their own interests of supply and price and have the necessities powered during an extended outage.

Yeah, well. There’s a new sheriff in town.

Not just intermittent supply and high prices, but how about riots and widespread unrest too? And this doesn’t even consider food shortages or hopefully not, famine.

https://www.cnn.com/2021/10/26/business/gas-prices-energy-crisis-schwarzman/index.html

Just curious what it takes to get peoples’ attention on global warming. These aren’t tomorrow things unless there’s some giant hack on our energy supply but it seems possible. But for now, this guy points to rising prices for gasoline and natural gas and speculates on possible results and what it means.

The cause is said to be governments scaling back support for fossil fuel drilling. For the survival of the planet we have to do that. But this happening and it is limiting fuel supplies which will make fossil energy less reliable and more expensive. Regardless of the cause, the end result is folks need to ask themselves how to get through this and the solution ain’t get bigger cars, bigger houses, and get more wasteful.

You’re probably locked into your current energy choices for this winter but before next year, might want to start evaluating your options. And we don’t know how it will all play out if there’s even anything to play out.

John Cook

The dinosaurs have had their day. Including in the below comments. Now is the time to put huge government resources into more clean energy; better battery and hydrogen storage capabilities and a crackdown on fossil fuel pollution. No more being held hostage by the Russians on natural gas, OPEC on oil or domestic producers who are limiting their production.

Mike Johnson

Indeed? Soaring words and rhetoric/hot air. Where are your actions? Where are your results? When will you get started? I'll check back in a few years, and of course nothing will have changed, all politics.

Kirk Holmes

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mark Coble

Yes, pollution is bad and needs addressing but this article is more propaganda. Why? No mention of how sun controls the weather and climate. No mention of weakening magnetosphere, no mention of shifting poles, no mention of solar forcing or anything other than CO2 which is...plant food. Why no mention of sun? Oh, right, can't tax it! Will gov order climate change lock down? It's coming.

Mike Johnson

In my lectures on global warming, I love to ask science students what the cause of the numerous and frequent ice ages was. Unless I am with a group of advanced university students who have taken geology courses, they always say CO2. WRONG!

Russell Scanlon

I hear the sound of Nero’s fiddle. . .

Barry Rabkin

2050 net-zero framework ???? But 2050 is not NOW ! Beyond that, whether in 2021 or 2025 or 2035 or 2050, people still need a continuous stream of energy to heat their homes in the winter, cool their homes in the summer, and operate their person vehicles and businesses. The Oil & Gas Industries provide that continuous stream of energy and will continue to do that for many, many, many decades to come through 2050 and beyond.

Mike Johnson

[thumbup][thumbup]To quote one expert: "In 2019, the latest complete year of data, 81% of the world’s energy supply came from fossil fuels, according to the International Energy Agency. Even if all nations were to fulfill their current climate promises, the IEA estimates that fossil-fuel use would still make up 73% by 2040."

Mike Johnson

I think this reporter missed the real reasons for this debacle, and things going on here. The left wing eco-socialist politicians here invited all manner of special interests and those they could pander to with soaring, insincere, and useless hot air, to collect campaign donations. All talk, no action, but the left wing special interests felt good...and the left wing politicians raked in the dough.....typical. Scotland's COP26 will be very similar.

Robert Fields

Dang, Mike! All that lack of caring for your fellow travelers on this planet and now we find out you’re a mind reader too?

What number am I thinking of, Mike?

Chris Mechels

What a sham!! As if putting something into "law" makes a difference... MLG herself breaks every law she comes to, and so does Attorney General Balderas. So, who's to enforce the suggested "law"? The answer is; no one. Just more eyewash for the gullible, and printed in the New Mexican as fact. We need to restore the Grand Jury, and let them enforce the law, against our government. But of course that won't happen, because the Grand Jury was neutered by this crooked gang, in the 1990s.

Mike Johnson

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