Saudi discovers 14 new oil and gas fields and reservoirs
Saudi discovers 14 new oil and gas fields and reservoirs
www.middleeastmonitor.com
Just a moment...
8 comments
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There comes a point when not being a climate doomer is just sticking your head in the sand. IDK if we're quite there, but it sure looks close
The energy minister stressed that these discoveries open new horizons for economic development and support the kingdom’s ability to meet local and global energy demands efficiently and sustainably for decades to come.
(all the money will go to NEOM)
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We're there depending on your time horizon. If the 3C projections for 2100 are accurate, civilization as we know it is toast.
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The unrestricted emissions model has us at 5c by 2100. We're on trajectory to hit 2c within a decade.
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https://tradingeconomics.com/commodity/crude-oil
Crude oil seems to be crashing back to its 2015 price if not lower already. With renewables only continuing to grow, it's going to end up being like coal mining where the US industry employs fewer people than Broadway or Arby's despite there being tremendous deposits. Throwing unlimited money at the Saudi megaprojects hasn't really panned out so far because those projects are stupid, and if oil demand peaks the Gulf States are going to autocannibalise.
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Wahooo another 5 years of driving cars through the apocalypse!!!!
Seriously tho fuck cars. Fuck the saudi monarchy.
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Those are some nice oil fields... for me to poop on! :Ansar-Allah:
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Quoting
: leave it there. Don't pump the dinosaur goop out of the ground.
8 comments