Comment by spwa4
16 hours ago
Was anybody really expecting anything else? The only factor that would matter is if oil producing nations STOP producing oil entirely. Not reduce, not limit, stop. Same with coal and other small contributions. Note: limiting exports, CO2 limits in oil customer states, ... all of that just doesn't matter. And, obviously, this is just not on the table. There is no way these nations will make such a decision because what it would mean for their economy. Plus it wouldn't matter unless they all make that decision.
People are losing their minds at the prospect of oil availability dropping just 20% for a month or two with the closing of the Strait of Hormuz - even just this could collapse the global economy.
So yea, no way is oil stopping or even dipping slightly any time soon.
And when we've somehow stopped using fossil fuels for electricity, what next?
Guess what a lot of plastic is made from? And how planes fly, and boats move?
And there's lots of countries that aren't at 'Western' living standards. So we have decades of those countries building and emissions to come.
Plus of course there's a lag in CO2 emissions to climate change. The next couple of decades are going to get a lot worse, before they get better, if at all.
https://www.wri.org/insights/4-charts-explain-greenhouse-gas...
Your initial question is a fantastic thought focus.
The intention of the United States and the world is divided.
We love our money too much to care about the Next generation, In my view.
"The intention of the United States and the world is divided."
What do you mean?
The intention of the United States is maximizing oil use.
The intention of the World is maximizing oil use. Even EU countries are panicking over maybe being forced to use just a little less oil.
So where do you see this difference? Clearly, the entire world agrees: global warming is less serious than higher prices on oil. Much less important.