Be the first to like this.

2 comment(s). Last comment by DickyMe 2019-12-10 13:54

teoct

480 posts

Posted by teoct > 2019-12-10 13:51 | Report Abuse

For once I fully agree with Greta Thunberg.

Both Norway and Canada can be considered energy independent, i.e. they produced more energy (oil, gas, hydro, solar, wind, etc) than consumed. So therefore they should ceased all further development of their oil and gas resources.

This will "firm" the price in oil and gas, leading to higher adoption of renewable energy that at current oil price is not (economically) viable. Do note that China reduced subsidy to EV this year and the sale of EV dropped. Similarly, Norway also subsidize EV selling price.

Yes, the cessation of further development in Norway and Canada oil and gas resources will not in any where affect them economically as well as their living standards.

But I wonder why she did not include USA, UK and Holland? US, being so rich, do not need shale oil.

DickyMe

14,898 posts

Posted by DickyMe > 2019-12-10 13:54 | Report Abuse

Greta is a puppet and perhaps Greenpeace are the puppet masters. Whatever, it is she seem to have drowned in instant fame and making herself a fool.

Post a Comment
Market Buzz