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Old 10-12-2021, 11:35 AM   #6322
Mr.Coffee
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It’s because Canadians are quite ignorant about all things energy.

It has become such a reliable staple, supplied so easily, cheaply and robustly that its total value to society has been deleted from the broad societal conscience. This is also a failure of the energy industry for not defending itself properly, and the War Room in no way is an adequate platform to do so.

In Canada we just flick on a light, a tap or go to a relatively inexpensive gas station to fill up. Our homes are all just plugged in and connected to historically cheap natural gas to heat them. We don’t even think about it and yet we definitely expect it while the energy industry gets viewed as pariahs. It’s actually disgusting to be honest how this nation has treated the industry, exhibited such disdain for it while not even having a rats ass clue about how all this #### works.

Why just today I saw another NBF update, which showed an excerpt from a Bloomberg article by Javier Blas, here is the quote (sorry for length):

The climate crisis is real, and energy transition is a necessity, and we must accelerate it — but it’s not a flick of a switch,” said Amos Hochstein, U.S.’s top energy diplomat. “If we want to solve climate change we need to do so while at the same time insulating the global economy from extreme energy shocks.”

For several years, the world has grown complacent about fossil fuel consumption. From oil to coal, peak demand has been the buzzword, always about to happen, but never actually materializing. Then many assumed that some of the drop in consumption during the pandemic was structural, driven by social changes like work-from-home and the hope of a greener recovery. But outside jet-fuel, still hamstrung by travel restrictions, oil demand is today higher than it was in 2019.

The demand surge has challenged many assumptions about how quickly the world would decabornize.

“I’m concerned hydrocarbon demand is not falling fast enough to match the potential under investment in fossil fuels,” said Jason Bordoff, dean of the Columbia Climate School and a former senior energy official in the Obama administration.

Oil is another case where hopes of an early peak in demand are quickly fading
.”

And an economic / energy shock is literally what all Canadians are asking for. Look at the NDP, Green and even Liberal parties’ approach to things, which I can only surmise is a simple reflection of focus groups and what will appeal to the broader Canadian public.

Life is going to get worse in Canada, unless broad attitudes change pretty ####ing quickly.

Last edited by Mr.Coffee; 10-12-2021 at 11:40 AM.
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