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Autor Tópico: Petróleo / Crude / Oil / Natural Gas - Tópico Principal  (Lida 295688 vezes)

Kaspov

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Re: Petróleo / Crude / Oil / Natural Gas - Tópico Principal
« Responder #2060 em: 2024-04-01 04:12:40 »
About energy in the UK:


«Labour’s Dangerous Net Zero Plans Leave U.K. at China’s Mercy, Says Energy Secretary

by Richard Eldred   

31 March 2024 3:00 PM


Energy Secretary Claire Coutinho is sounding the alarm over Labour’s “dangerous” Net Zero policies, warning they will lead to a heavy reliance on Chinese materials, endangering U.K. energy security and raising consumer costs. The Telegraph has the story.

    Claire Coutinho said Labour’s pledge to convert Britain to “clean power” by 2030 – five years earlier than the Conservatives – would leave the U.K. “over-reliant” on Chinese-made metals, cables and batteries, just as Europe was weaning itself off Russian oil and gas. …

    To achieve its target of “clean power” by 2030, Labour has pledged to quadruple offshore wind generation, triple the amount of energy coming from solar panels and double the country’s onshore wind capacity.

    However, Sir Keir scrapped a £28 billion green spending pledge that was intended to help achieve the target, following Conservative claims that it would lead to higher taxes and borrowing.

    A report published last week found that the pledge would require more than £15.5 billion additional investment per year until the start of the next decade.

    Ms. Coutinho said: “At the moment there is one global dominant player when it comes to things like critical minerals or batteries and that’s China.

    “So if you’re saying that we are going to have this unfeasible target, which no other major economy would have, what you’re ultimately sending out to the world is that we’re willing to pay whatever price you will put to us, which will see costs implode, you also don’t have time for the supply chains here to develop, which means you’ll be reliant on China.” …

    The costs involved in meeting the target would “mean… higher taxes for people, hiking up people’s bills and essentially not being sure that we can keep the lights on”, Ms. Coutinho claimed, adding that the plan would mean “send[ing] the money to China”.»


https://dailysceptic.org/2024/03/31/labours-dangerous-net-zero-plans-leave-u-k-at-chinas-mercy-says-energy-secretary/
Gloria in excelsis Deo; Jai guru dev; There's more than meets the eye; I don't know where but she sends me there

Kaspov

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« Responder #2061 em: 2024-04-01 04:22:19 »
Esta Secretária da Energia tem um nome e uma origem interessantes:


«Claire Coryl Julia Coutinho (born 8 July 1985) is a British politician and former investment banker who has served as Secretary of State for Energy Security and Net Zero since August 2023. A member of the Conservative Party, she has been the Member of Parliament (MP) for East Surrey since the 2019 general election. Prior to her current role, she served as Parliamentary Under-Secretary of State for Children, Families and Wellbeing from October 2022 to August 2023 and as Parliamentary Under-Secretary of State for Disabled People from September to October 2022.
Early life and education

Claire Coutinho was born on 8 July 1985 in London.[1][2] Her parents emigrated from India in the late 1970s and are of Goan Christian descent. Her late father Winston was an anaesthetist, and her mother Maria is a general practitioner.[3][4][5] Coutinho attended James Allen's Girls' School, a private day school in Dulwich,[6] before studying mathematics and philosophy at Exeter College, Oxford.[6][7] »


https://en.wikipedia.org/wiki/Claire_Coutinho
Gloria in excelsis Deo; Jai guru dev; There's more than meets the eye; I don't know where but she sends me there

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« Responder #2062 em: 2024-04-01 04:26:56 »
And about

«The Green Energy Mess That Nobody Will Admit to

by Ben Pile   

31 March 2024 11:00 AM


Reports in newspapers this week revealed that Britain’s domestic production of energy has reached a new record low. The news comes from trade group, Offshore Energies U.K. (OEUK), whose analysis, far from unexpected, details the pressures on investment in conventional energy production, such as the windfall tax on oil and gas companies. Since the turn of the century, U.K. production of energy has fallen by two thirds, whereas consumption has fallen by a third. The difference has been met by an increased dependence on imports. Yet neither the report itself, which is at best agnostic about renewables, nor the stories that cover it, seem to have taken seriously the harm that Net Zero and adjacent agendas have done to our industries, businesses and economy – and are set to do worse.

The U.K. ceased being a net energy exporter in 2004, amid a flurry of green policymaking, culminating in the Climate Change Act 2008, and its increased ‘Net Zero’ target adopted in 2019. Over the duration, coal-fired power stations were demolished, but not replaced with equivalent (i.e. reliable) generating capacity, shale gas exploration was abolished before it had even started. Energy investors in the U.K. and across the continent, lured to attractive guaranteed profits by subsidy regimes, and dissuaded from conventional energy by rising costs of capital, lost interest in oil and gas. Despite promises of ‘green jobs’, a ‘green industrial revolution’ and ‘green economic growth’ and lower prices being the constant chorus of energy ministers of all governments and their so-called ‘opposition’ counterparts, domestic energy prices tripled. So if these new data on Britain’s energy production do not prove the expensive and dangerous folly of more than two decades of U.K. climate policy, what could?

It is as if the entire political establishment had at once decided to forget that there exists a relationship between scarcity and price. Yet, the effect of abolishing coal is just that: it creates scarcity. So too, do policies that either restrict the exploration of oil and gas, or increase the cost of capital, create scarcity. Politicians, lobbied by green billionaires’ ersatz ‘civil society’ organisations who pump false claims into the public sphere, then claim that the problem all along was ‘dependence’ on oil and gas. Green energy will lower prices and diminish the power of dictators, who turn energy into a ‘weapon’ that terrorises Europe, they claim. So successful are they in their policymaking that, since 2019, the Government has capped energy prices – a policy they stole from Ed Miliband in 2017, before taking us into Net Zero. If ‘green’ means anything at all, it means acute cognitive dissonance.

At stake, argues the OEUK report, is immense value that could be unleashed from the North Sea. But investment is being held back by policies, “having big impacts on the profitability of U.K. offshore energy”’ worth one trillion pounds of exports and £450 billion domestically “within the next 15 years”. However, though the bulk of that potential lies in oil and gas, the report includes in its analysis, wind power, CCS and hydrogen. Even oil and gas executives, it seems, have swallowed the green Kool-Aid. And that is a missed opportunity to reflect on the failures of the green agenda, as well as a disappointing failure of an industry to properly stick up for itself, and to defend industry in principle.

And it needs defending. The fig leaf that has concealed Britain’s shameful industrial decline, and blinding politicians to reality in recent years has been the notion that green policies have successfully caused GDP growth to ‘decouple’ from fossil fuel use. However, this conceit requires us to believe, in turn, that the 79% increase in GDP that coincided with the halving of emissions over the same period was not driven by funny money, tricksy policies and analytical sleights of hand, and that the deindustrialisation underpinning it has left us better off. Does anybody, other than green energy hustlers, actually feel better off? Who? How?! What better position can we claim to be in, now that we know that we produce less and import more at a higher price? How much of that ‘growth’ is just higher prices?

The embrace of green economics, at the expense of established economic orthodoxy, leads to regressive disdain for industry. It seems not to have bothered many that we are less capable of producing things and sustaining ourselves – an issue which would have once sent a modern government into a tailspin. It is as if using less energy was a ‘good thing’ in itself, not a reflection of rising prices and stagnant (or worse) productivity. As if to make my point for me, following OEUK’s report, the half-truthfully named Department for Energy Security and Net Zero and the obedient press put a different spin on the matter. “The U.K. recorded the highest ever share of electricity generation by renewables last year”, declared the Standard.

As greens rejoice our production of less for more, U.K. energy market regulator, Ofgem, announced its “discussion on the future of the price cap”, which is “so customers remain protected as the energy market evolves to a smarter, more flexible system”. Why would customers need ‘protection’ from a ‘smarter, more flexible system’? It is, of course, doublespeak. The ‘dynamic price cap’ is time-of-day pricing, more honestly known as rationing. And ‘flexibility’ means using prices to force customers to organise their lives around the ‘smarter’ system, rather than the energy market meeting people’s needs. And it is made necessary by the scarcity created by green energy policy and green ideology.

It would be all for the better if regulators, industry associations and, of course, politicians simply admitted that they have made a catastrophic mess of the very industries that were pioneered in this country. Putting green political ambitions before any other practical consideration has made us poorer, and is going to create a problem far worse than climate change.

Subscribe to Ben Pile’s The Net Zero Scandal Substack here.»


https://dailysceptic.org/2024/03/31/the-green-energy-mess-that-nobody-will-admit-to/
Gloria in excelsis Deo; Jai guru dev; There's more than meets the eye; I don't know where but she sends me there

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Re: Petróleo / Crude / Oil / Natural Gas - Tópico Principal
« Responder #2063 em: 2024-04-01 04:32:21 »
Fim ao Fóssil!   ;D

(mas, se calhar, sem combustíveis fósseis, precisam de deixar de comer...   :-\)
« Última modificação: 2024-04-01 04:34:09 por Kaspov »
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« Responder #2064 em: 2024-04-13 20:11:15 »
About "Higher Friction Geopolitics":


«MUFG Warns "Higher Friction Geopolitics" Puts These Global Maritime Chokepoints At Risk

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by Tyler Durden

Thursday, Jan 25, 2024 - 04:20 AM


With the US Department of Transportation and one of the world's largest shippers, Maersk, warning about prolonged turmoil across the Red Sea on Wednesday due to continued Red Sea attacks by Iran-backed Houthi rebels, global trade could seriously be affected.

In a note to clients, the global corporate & investment banking capital markets strategy team at MUFG Bank provided a series of visualizations that show how rising geopolitical tension could jeopardize maritime chokepoints.

Analysts led by Tom Joyce, managing director and capital market strategist at MUFG, showed how key events over the last five years, starting with the 2018 trade war to the 2020 Covid crisis to the 2022 Russia-Ukraine war, and so forth, are responsible for the chaos in trade and geopolitics today.

Joyce's top theme for markets this year is "Higher friction geopolitics."

The deteriorating geopolitical environment worldwide has analysts worried about critical maritime chokepoints:

    Military conflict in the 21st Century is quickly shifting to maritime theaters. Climate, geopolitical risk and de - globalization will pose significant challenges to the world's most important geopolitical chokepoints in the decade ahead.

Focusing on the Middle East, Joyce shows how 25% of global trade that flows through three chokepoints, Suez Canal, Bab-El Mandeb Strait, and Strait of Hormuz, is at serious risk of sparking global trade disruption.

"As of early January 2024, the number of container ships at the entry point to the Red Sea had declined 90% from the year prior," Joyce noted.

The analysts elaborated on the trade significance of these three maritime chokepoints in the Middle East:

In a separate report, Rabobank's Senior Economist Maartje Wijffelaars outlined how commercial vessels rerouted from the Red Sea to Cape of Good Hope will trigger a new round of surging cost-push inflation.

And Statista's Katharina Buchholz recently provided details about global shipping's chokepoints.

More of the MUFG full note available to pro subs in the usual place.»


https://www.zerohedge.com/geopolitical/mufg-warns-higher-friction-geopolitics-puts-these-global-maritime-chokepoints-risk
« Última modificação: 2024-04-13 20:13:29 por Kaspov »
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« Responder #2065 em: 2024-04-13 20:13:01 »
And the "Middle East Crisis" (alguma coisa parece estar a acontecer no mundo...):


«Middle East Crisis: Container Ship Hijacked Near Strait Of Hormuz Amid Soaring Iran Tensions

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by Tyler Durden

Saturday, Apr 13, 2024 - 12:00 PM


While Israel on Friday braced for cruise missile and suicide drone attacks, there are new reports on Saturday morning that Iranian commandos hijacked an Israeli-affiliated container ship heading towards the Strait of Hormuz.

AP News says the British military's United Kingdom Maritime Trade Operations initially reported the hijacking of Portuguese-flagged MSC Aries, a container ship linked to London-based Zodiac Maritime. Israeli billionaire Eyal Ofer controls the international ship management company that owns and charters large vessels.

Video of the boarding has been circulating X for the past hour. However, "AP could not immediately verify the video, it corresponded to known details of the boarding, and the helicopter involved appeared to be one used by Iran's paramilitary Revolutionary Guard, which has carried out other ship raids in the past," the media outlet said.

According to Bloomberg data, MSC Aries was leaving a port from Dubai on Thursday and heading towards the Strait of Hormuz. The vessel's last known position was recorded around 1256 local time on Friday off Dubai's coast. AP noted that the ship's transponder had been switched off.

X user Megatron called the ship's seizure by Iran a "big game changer":

    This once again is confirming that the UAE, Saudi Arabia, Jordan and Qatar are helping Israel bypass the Houthi blockade by land route from the UAE port.

    Iran is now cutting that route as well.

    If Hezbollah cut the Mediterranean route with its drones, Israel could fall into a complete trade blockade.

The incident in the Strait of Hormuz is very concerning since maritime chokepoints in the region are plagued with conflict. Off of Yemen, in the Bab-El Mandeb Strait, Iran-backed Houthis have unleashed multi-month drone and missile attacks against US, UK, and Israeli vessels.

In a recent note to clients, the global corporate & investment banking capital markets strategy team at MUFG Bank warned the key theme for 2024 would be "Higher friction geopolitics."

Focusing on the Middle East, MUFG's Tom Joyce showed how 25% of global trade flows through three chokepoints: Suez Canal, Bab-El Mandeb Strait, and Strait of Hormuz. The latest incident is very concerning for global trade and flow of goods, such as energy products, through the region.

This all comes as Israel is bracing for drone and missile attacks by Iran or its proxies as warnings flashed on Friday about retaliation for the killing last week of senior Iranian military officials at the country's embassy in Damascus.»


https://www.zerohedge.com/geopolitical/middle-east-crisis-container-ship-hijacked-near-strait-hormuz-amid-soaring-iran
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« Responder #2066 em: 2024-04-13 20:16:49 »
Problemas nos transportes marítimos...


«Megatron
@Megatron_ron

🇮🇷🇮🇱 Iran seized the Israeli ship MSC ARIES in the Strait of Hormuz. 

This is a big game changer. 

This once again is confirming that the UAE, Saudi Arabia, Jordan and Qatar are helping Israel bypass the Houthi blockade by land route from the UAE port. 

Iran is now cutting that route as well. 

If Hezbollah cut the Mediterranean route with its drones, Israel could fall into a complete trade blockade.»


https://twitter.com/Megatron_ron/status/1779089962484273395?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1779089962484273395%7Ctwgr%5E72be93404fc112ead72627e0a432a4642c599414%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fgeopolitical%2Fmiddle-east-crisis-container-ship-hijacked-near-strait-hormuz-amid-soaring-iran
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« Responder #2067 em: 2024-04-13 22:30:05 »
Parece estar a acontecer alguma coisa...


«Israel's Netanyahu says defences are 'ready' as Iran attacks

Just now

By Raffi Berg,BBC News

Reuters File photo showing Iranian drones during a military exercise in an undisclosed location in Iran (24 August 2022Reuters

Iran's Revolutionary Guards said they had launched "dozens of drones and missiles" at Israel (file photo)

Iran has launched aerial drones at Israel, appearing to mark a widely anticipated reprisal attack.

Israeli TV said the salvo was expected to reach Israel at 02:00 on Sunday (23:00 GMT on Saturday).

Iran's Revolutionary Guards said they had launched missiles at Israel as well drones, Iranian state media say.

The Israel Defense Forces (IDF) said they were on high alert and "monitoring all targets". Israel's prime minster convened a meeting of his war cabinet.

Israel, Jordan, Lebanon and Iraq have closed their airspaces, and Syria and Jordan have put their air defences on alert.

Iran had vowed to retaliate for an attack on its consulate in Syria on 1 April which killed seven military officers, including a top commander.

It accused Israel of carrying out that attack. Israel neither confirmed nor denied it.

Shortly before news of Iran's drone launches, Israeli Prime Minister Benjamin Netanyahu said his country's "defensive systems" were deployed.

"We are ready for any scenario, both defensively and offensively. The State of Israel is strong. The IDF is strong. The public is strong.

"We appreciate the US standing alongside Israel, as well as the support of Britain, France and many other countries."

This is a breaking news story, please return to this page for more details.»


https://www.bbc.com/news/world-middle-east-68810053
Gloria in excelsis Deo; Jai guru dev; There's more than meets the eye; I don't know where but she sends me there

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« Responder #2068 em: 2024-04-13 22:34:21 »
«22:10
‘On high alert’ - Israeli military statement in full
A view of the Tel Aviv skyline
APTNCopyright: APTN

Just moments ago, the Israel Defense Forces (IDF) confirmed in a statement that drones had been launched from Iran towards Israel.

Here’s the complete statement:

    Quote Message: A short while ago, Iran launched UAVs from within its territory toward Israel. The IDF is on high alert and is constantly monitoring the operational situation.

    A short while ago, Iran launched UAVs from within its territory toward Israel. The IDF is on high alert and is constantly monitoring the operational situation.

    Quote Message: The IDF Aerial Defense Array is on high alert, along with IAF fighter jets and Israeli Navy vessels that are on a defense mission in Israeli air and naval space. The IDF is monitoring all targets.

    The IDF Aerial Defense Array is on high alert, along with IAF fighter jets and Israeli Navy vessels that are on a defense mission in Israeli air and naval space. The IDF is monitoring all targets.

Quote Message: We ask the public to adhere to and follow the instructions of the Home Front Command and the official IDF announcements regarding the matter."

We ask the public to adhere to and follow the instructions of the Home Front Command and the official IDF announcements regarding the matter."»


https://www.bbc.com/news/live/world-middle-east-68737710?src_origin=BBCS_BBC
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« Responder #2069 em: 2024-04-16 18:52:54 »
Fantástico!   ;D


«Transport Minister Threatens Germans With "Indefinite Weekend Driving Ban" To Meet Mandated Emissions Targets

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by Tyler Durden

Tuesday, Apr 16, 2024 - 11:30 AM


Via Eugyppius.com,

This story has even made it into the Anglophone press, so you know it’s a big deal: “German transport minister warns of weekend driving ban,” says The Telegraph. “German minister threatens ‘indefinite driving bans’ on weekends,” proclaims Politico. “German transport minister under fire for weekend driving ban threat,” declares Reuters.

Volker Wissing does not really want to ban driving.

But no, despite the headlines, they are not going to take away our cars.

Amazingly, not even the Greens want to do that. For once the story is not about German authoritarianism, or woke insanity or anything like that.

Rather, it’s about how nobody can really bring himself to care about the climate anymore – not even our forward-thinking, progressively minded, environmentally responsible political establishment.

For the backstory, we must go all the way back to the pre-Covid era, when aggressive climate legislation was popular even with centre-right CDU voters, and before the electorate had a taste of what Green policies like the draconian home heating ordinances really feel like on the ground.

Back in those halcyon days, when the child saint Greta Thunberg was cutting class to save the earth, Angela Merkel’s government passed the Climate Protection Act. The law mandates a 65% reduction in CO2 emissions compared to 1990 levels by 2030, an 88% reduction by 2040, and an utterly unrealisable carbon neutrality by 2045. In the near term, the Climate Protection Act also establishes maximum annual emissions levels for various economic sectors. Should a given sector exceed its maximum, the responsible Ministry must submit an ominous “action programme” to bring things back on target.

The Climate Protection Act is archetypal climate nonsense. Politicians like to take credit for Doing Something about the climate, but because Doing Something amounts to massive economic restrictions and drastic interventions in daily life, they would prefer not to Do that Something themselves. Far better is to pass legislation committing future governments to Do Something and let them deal with the mess. Then you can reap the short-term rewards of being tough on carbon emissions, without bearing direct responsibility for all the chaos that actually being tough on carbon emissions would unleash. Alas, time marches forwards at a steady pace. I am sure that 2030 sounded like an unimaginably distant date when it was floated at the Paris Accords in 2015, but now it is a mere six years away. That is becoming a big, big problem for the climatists.

You could say that Merkel’s Climate Protection Act bequeathed the hapless Scholz government a small collection of ticking time bombs, which they’ve developed a considerable interest in defusing. One way to do this, is to revise the Climate Protection Act and remove its strict sector-based emissions limits before anybody is forced to field a climate-saving “action programme.” In the meantime, they’ve been studiously ignoring the requirements, which is why our Minister of Economic Destruction Robert Habeck could be found complaining back in June that no cabinet ministers were complying with Climate Protection Act emissions limits.

The fly in the ointment is the Green Party, who are as crazy as their oblivious out-of-touch upper middle-class urbanite constituents, and who have thought it best to block government efforts to (however temporarily) defang Merkel’s odious law.

In a fit of frustration, the liberal Transport Minister Volker Wissing therefore warned that if no Climate Protection Act reforms were possible, he might be forced to impose “drastic interventions” on motorists:

    In the dispute over a reform of the Climate Protection Act, Federal Transport Minister Volker Wissing (FDP) has warned of drastic cuts for motorists – including weekend driving bans. This is according to a letter from Wissing to the heads of the SPD, Green and FDP parliamentary factions. It was made available to the Deutsche Presse-Agentur on Thursday …

    The letter states that if the amended Climate Protection Act does not come into force before 15 July, the ministry will be obliged under the current law to present an action programme to ensure compliance with the annual emission levels for the transport sector in the coming years.

And just like that, the climatists are falling all over themselves to reassure Germans that no, don’t worry, driving is fine, nobody wants to take away your cars:

    The Federal Environmental Agency believes [driving bans are] unnecessary. “Of course we don’t need driving bans. Nobody is even discussing such a ban; this is frightening people for no reason,” said [Green-affiliated] President Dirk Messner. Instead, he once again suggested a general speed limit on German motorways …

There is more, there is always more:

    The SPD also criticised the proposal: “Scaremongering with far-fetched proposals won’t help climate protection in the transport sector at all, quite the contrary,” SPD Bundestag faction leader Detlef Müller said … “The proposal does not further our common goal of reducing CO2 emissions, but to unnecessary uncertainty for people in our country.” The SPD Bundestag faction clearly rejects driving bans for cars and lorries. Such manoeuvres would hardly advance the ongoing deliberations on the Climate Protection Act in the Bundestag, said Müller.

I like this paragraph so much that I’ve read it five times.

It’s just so entertaining to read some right-thinking lunatic like Müller insisting up and down that literally banning driving “does not further our common goal of reducing CO2 emissions.”

    Along with the Green Party and Greenpeace, the environmental organisation BUND has also criticised Wissing’s statements on the threat of driving bans. BUND transport expert Jens Hilgenberg said:

    “It fits the picture that this minister, of all people, who blocks every measure, no matter how easy to implement, such as a speed limit on motorways, is now playing on people’s fears.”

    He is only doing so to further increase the pressure on the coalition partners, Hilgenberg says. “This is a shabby tactic.”

We must add avoiding political suicide to the long and growing list of things – from the rights of Palestinians to the threat posed by “disinformation” to third-world poverty – that are more important than climate change. This is becoming a very long list indeed.

So what are the solutions, if we’re not going to ban driving on weekends, and the Greens insist on blocking reforms to the Climate Protection Act? Well, aside from the speed limit, which has the same attraction for the left in Germany as banning guns does for the left in the United States (and about equal chances of achieving any of the stated goals), the experts have nothing but the same tired nostrums: We need more public transit! We need more electromobility! We need more expansions to the electric vehicle charging networks! The problem is not only that none of this amounts to an “action programme” to sink vehicle emissions posthaste; it is also that there is no money for any of this. Electric vehicle subsidies have been withdrawn since the courts blew a 60 billion dollar hole in the government’s budget. Far from expanding public transit, we’re fighting to maintain the decaying rail network we already have. And nobody believes that more charging stations will save the planet.

This is late-stage climatism and it will linger for a long time.

There await years if not decades of haggling over the ambitious goals set by past governments, years of fig leafs and excuses, years of relaxing restrictions in elaborate ways so we can pretend we’re still doing something.

It is going to be very tedious, but also, I suspect, occasionally entertaining.»


https://www.zerohedge.com/geopolitical/transport-minister-threatens-germans-indefinite-weekend-driving-ban-meet-mandated
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« Responder #2070 em: 2024-04-18 18:50:10 »
Uma notícia interessante:


«Iran's Oil Exports Climb to the Highest Level in 6 Years

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by Tyler Durden

Thursday, Apr 18, 2024 - 06:45 PM


By Irina Slav of OilPrice.com

Crude oil exports from Iran hit the highest level in six years during the first quarter of the year, data from Vortexa cited by the Financial Times has shown.

The daily average over the period stood at 1.56 million barrels, almost all of which was sent to China, earning Tehran some $35 billion.

“The Iranians have mastered the art of sanctions circumvention,” Fernando Ferreira, head of geopolitical risk service at Rapidan Energy Group, told the FT. “If the Biden administration is really going to have an impact, it has to shift the focus to China.”

The news comes as the EU and the United States prepare new sanctions against Iran in a bid to convince Israel to not retaliate against Tehran after the latter’s drone and missile attack on Israeli military targets last weekend.

Iran’s oil industry would be the no-brainer target for new sanctions as suggested by U.S. Treasury Secretary Janet Yellen.

"Clearly, Iran is continuing to export some oil. There may be more that we could do. I don't want to preview our actual sanctions activities, but certainly, that remains in focus as a possible area that we could address," Yellen said earlier this week as quoted by Reuters.

Analysts, however, have told the FT that the Biden administration is reluctant to tighten the sanction noose too much as this would inevitably lead to an increase in oil prices that a president running for re-election cannot really afford in an election year.

That’s especially relevant in light of the fact that the federal government would hardly be able to repeat the SPR release from 2022 to tame prices at the pump as the reserve sits at the lowest level in 40 years after that 2022 release.

Also, any heavy-handed action against Iran’s oil exports would affect relations with China, which is virtually the only outlet for Iranian crude. That crude, according to the FT, covers a tenth of China’s total oil imports.»


https://www.zerohedge.com/markets/irans-oil-exports-climb-highest-level-6-years
« Última modificação: 2024-04-18 18:51:34 por Kaspov »
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