Just in case there was any doubt about what this war was about.
I’ll note that Chevron’s refineries in California have exactly the right equipment to process Venezuelan crude (it’s heavy) and have been under threat of shutting down due to depletion of oil fields in California.
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So, when we gonna look at Congressional stock records and see who bought Chevron shortly before this went down?
We have less than 50 years of proven oil reserves left, and we’re doing everything we can to ensure that we run out at least that fast, while also ensuring that we pass critical climate tipping points.
Shareholders need value now, not in 50 years.
50 years of proven oil reserves
I heard that same number ~20 years ago and got a little curious now: it seems that we are still discovering (and “proving”) new oil reserves and unfortunately humanity won’t run out of oil anytime soon, esp. considering that the incentive for unlocking new reserves rises with oil prices.
It’s sad but also eye-opening wrt this US regime’s actions.
we are still discovering (and “proving”) new oil reserves
That’s true, but each new oil discovery is likely to be more expensive to extract than the last, and because it takes energy to extract oil, we have to consider the energy return on investment (EROI) of all future oil extraction. Once we get to the point where it requires a barrel of oil equivalent of energy to extract a barrel of oil out of the ground, the EROI drops to 1:1 and there’s no profit to be made, from an energy standpoint, regardless of price. Oil discovery in the US has decreased from an EROI of 1000:1 in 1919 to about 5:1 in the 2010s.
No matter how you look at it, the world has just got to stop using oil wherever physically possible.
I fully expect oil companies to convince governments to tax their citizens 150% to subsidize their new oil wells, just so they can continue looking for and opening new ones LONG after it ceases to be profitable.
It’s like conservatives and democracy. They’re okay with it as long as they can keep “winning” but when they can’t win anymore, they won’t change their behavior, they’ll stop using democracy.
I’d argue we already passed that point for both conservatives (in most major countries) AND oil company profits.
The cost of dealing with fossil fuels has been far outweighing the cost of using them, and has been for many many decades. If our species makes it that long, our grandchildren’s grandchildren’s great great great grandchildren will still be dealing with our mistakes.
As if it wasn’t obvious, but still important to see it black on white.
Vultures…
Vultures go after animals that are already dead. This would be like the vultures pointing the eagles (heh) to sickly targets.
That’s what I mean, Chevron are the vultures in this case. They didn’t chop the head off, but they’re here for the blood…
Damn, I sure hope nobody does any bombings or other acts of sabotage that would be considered terrorism against those refineries. That would be awful.
Chevron can just throw meat and money (probably subsidized direct by the Trump admin) at a refinery as long as they need. Otoh, corporate offices are located in CA and TX apparently.
Just in case there was any confusion on what one of the primary goals here was
trump literally said that in his news conference, there shouldnt be any confusion
