Saudis cut oil production again

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Saudis cut oil production again

Postby cromwell » 04 Apr 2023, 16:55

Oh lovely.
This means the cost of petrol is going up again.
The media seem to think that this is a very bad thing because Vladimir Putin will get more money for Russian oil. As an afterthought, they mention the effect on ordinary people, namely more inflation.

Tbh I'm sick of virtue signalling western politicians. If we are to move to a green future can we please have that green future actually in place instead of always ten more years down the road.
The first thing Biden did in the US was to shut the Keystone pipeline which delivered Canadian crude oil to the USA. (They've had to reopen it). What a great guy! Onward to the green future!
Shortly afterwards the Saudis (whom Biden had threatened to make "international pariahs") cut production, sending US petrol prices soaring and a humiliated Biden had to go to Saudi Arabia to ask if they could please pump some more oil?
In this country our politicians are similarly being wonderful and proressive. No more North Sea oil exploration and an effective ban on fracking.

All well and good but we aren't anywhere near the point where petrol and gas is going to vanish, and until we are there can we please have a little less virtue signalling and a lot more common sense?
"Facts do not cease to exist because they are ignored" - Aldous Huxley
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Re: Saudis cut oil production again

Postby Workingman » 04 Apr 2023, 17:26

For electricity we need baseload, and lots of it. That means nuclear, but not the Hinkley and Sizewell stuff but small modular reactors - about 16 of them. They can be up and running in about seven years. We could also use small scale hydro on the thousands of miles of waterways we have in the UK to give us an extra few GW of all year round power.

We cannot get rid of gas just yet as most homes need it for heating and hot water, so does industry.

Nor can we get rid of petrol / diesel just yet. Unfortunately we will just have to suck up these price rises until our homes, industry and transport run mainly on electricity. We will get there, hopefully sooner rather than later.
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Re: Saudis cut oil production again

Postby Suff » 04 Apr 2023, 18:29

Yes there is a marked lack of pragmatism. I get yelled down in the climate forums for requesting said pragmatism.

Slowly but surely. The reality of the situation, though, for the UK, is that most of the work to get rid of coal and move to gas was about miners and miners strikes. Not about the climate. You will notice the move away from gas is 30 years away. If ever.
There are 10 types of people in the world:
Those who understand Binary and those who do not.
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