Absolutely Right
Good to see that even after months on hiatus, not much changes on the Right, right? First up:
The shale revolution has opened additional centuries of low-cost hydrocarbon resources to modern society….
The anti-fossil fuel environmental movement is in despair. For decades, proponents of the ideology of sustainable development preached that humanity was running out of oil and gas, that consumption of hydrocarbons was destroying the climate, and that renewable energy was rapidly becoming a cost-effective alternative. But the Shale Shock has slain peak oil and promises low-cost oil and gas for centuries to come. [1]
Yup! Except for those still-pesky facts, juvenile name-calling, and not actually addressing those issues, we indeed have additional centuries of hydrocarbon “resources” at our beck and call. Click our heels together; close our eyes; wish real hard; ignore reality; ignore our future; skip past the facts; omit explanations or critical distinctions, and presto!
If the “The anti-fossil fuel environmental movement is in despair” it’s because a legion of misinformers with public platforms continue to disseminate falsehoods [while ignoring a substantial body of facts supplying the full story and not just the partial one they massage for the benefit of the few], with a heaping shovelful of disingenuous, cherry-picked pseudo-truths for good measure. The public sure as hell isn’t being served by the ongoing stream of nonsense.
An important aspect of the pesky-facts portion of the discussion: oil producers can’t earn profits when the cost of oil is low. The “Shale Shock” works when prices are high.
Consumers as a rule don’t like high prices all that much. That puts a dent in the mandate for high prices to continue the “Shale Shock.”
…click on the above link to read the rest of the article…
