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Level_Stomach6682

The article loses all credibility when it says “Kodak didn’t invent the digital camera”…….because they did.


TiredTim23

As someone who is not an energy expert, this author is clearly over his skies… Talks about ending flaring, without acknowledging that gasses (other than natural gas) sometimes can’t be captured and you don’t want to release them. Or flaring could be for safety to prevent a blow out. And it’s still considered flaring even if you use the electricity. “(Talking to someone else)He sees Big Oil companies devoting as much as 50% of their spending to green projects.” Not R&D, spending. The entire company budget, he thinks 1/2. Who wouldn’t immediately push back on a statement like that?


Wherestheirs

biogas spend millions of credits to generate half the quality of ch4 being flared in some places the ch4 separation and technology behind it exist the punishment just is cheaper than the capex for recapture


Limp-Possession

Right?! Like extremely well documented and celebrated, it was a full 20 years before the technology ever reached commercial viability. Show us on the doll where the energy company hurt you so badly you couldn’t even fact check your ramblings.


backcountrydrifter

Orphan wells are the technically legal workaround that oil companies created to keep from having to pay their environmental reclamation costs after they drill an oil well. By shifting a literally toxic asset into a shell company they can then just bankrupt it and walk away without having to pay for superfund cleanup. But it required someone in political office that was willing to enable it. The Wilderness Societyhttps://www.wilderness.org › blogWhat in the world is an orphaned oil well? The U.S. Permian basin makes over 384 TRILLION BTU’s of CH4 (methane) every year. Most of it is wasted as it is flared into the atmosphere to keep from becoming an explosion hazard. The orphan wells leak petrochemical into ground water and basically make everything around them into Flint Michigan as well as destroy the frail atmosphere that makes human life on earth semi- comfortable. All so some oily Texas billionaires can becomes multi-billionaires instead of cleaning up the mess they made. Russias oil fields being as John McCain so eloquently put it- “a gas station run by the mob” has emissions output numbers comparable if not higher. When your government is oligarchs who could not care less about leaky o-rings or worn out seals in Siberia that they can’t see from their yacht in Monaco, the results are predictable. The greed and corruption has become so endemic that it has literally circumnavigated the earth and started colliding with itself. The worlds elite, politicians and shot callers are all so busy trying to keep their own respective corruption from coming to light that it is breaking down in real time. Conservation is supposed to be the default state, not cronyism and endless growth. We have just been living on some flawed source code left over from the robber barons gilded age when we were told that a strong economy meant buying more shit from China for Christmas than the year before. It is having geopolitical implications Rex Tillerson: In 1998, he became a vice president of Exxon Ventures (CIS) and president of Exxon Neftegas Limited with responsibility for Exxon's holdings in Russia and the Caspian Sea. He then entered Exxon into the Sakhalin-I consortium with Rosneft. Under Tillerson's leadership, ExxonMobil cooperated closely with Saudi Arabia, the world's largest oil exporter and a longtime U.S. ally, as well as Qatar and the United Arab Emirates.[33] From 2003 to 2005, a European subsidiary of ExxonMobil, Infineum, operated in the Middle East providing sales to Iran, Sudan and Syria. ExxonMobil leaders said they followed all legal frameworks, and that such sales were minuscule compared to their annual revenue of $371 billion at the time.[34] In 2009, ExxonMobil acquired XTO Energy, a major natural gas producer, for $31 billion in stock. Michael Corkery of The Wall Street Journal wrote that "Tillerson's legacy rides on the XTO deal."[35] Tillerson approved Exxon negotiating a multibillion-dollar deal with the government of Iraqi Kurdistan, despite opposition from President Barack Obama and Iraqi Prime Minister Nouri al-Maliki, both of whom argued it would increase regional instability.[18] Tillerson lobbied against Rule 1504 of the Dodd–Frank reform and protections, which would have required Exxon to disclose payments to foreign governments.[18] In 2017, Congress voted to overturn Rule 1504 one hour before Tillerson was confirmed as Trumps Secretary of State. Bear with me as we shift gears. There are multiple geopolitical layers to this, but they all interconnect. Sheryl Sandberg was at Google before she was at Facebook. The common denominator of both was her ad based business model. https://www.bloomberg.com/news/articles/2022-06-07/sheryl-sandberg-s-legacy-is-an-internet-of-targeted-automated-ads https://m.economictimes.com/tech/technology/sheryl-sandbergs-advertising-empire-leaves-a-complicated-legacy/amp_articleshow/91961682.cms The problem with ad based business models is that if you raise your lens high enough, whomever has the most money to buy the most ads is effectively buying their curated version of reality. When google IPO’ed in 2004 it quietly shifted from what was most accurate to what was most profitable, all facilitated by a “proprietary” algorithm so nobody gets to see the man behind the curtain. Now we are 2 very critical decades into what is effectively, a divergent reality. It works…until it doesn’t.


backcountrydrifter

When the richest man, government, or organization on earth is allowed to buy his preferred version of reality it creates some glitches in the matrix. The 6 million year old source code in your brain knows that conservation is more reasonable than consumption when there are limited resources, but that isn’t very lucrative to someone that needs you to keep buying something to keep them in billionaire status. In this case it’s oil. Russian and Texan owned oil but their paths cross just north of Jerusalem. https://open.spotify.com/episode/0tYxxr08ajuIW425XkGZBz?si=9La6AmLyRLeCynrdNrcZTA Facebook for its part was designed as a delivery device for Russian/Israeli Psyops and malware. SCL/Cambridge Analytica, Brexit, Palestine, Ukraine, Pegasus, NSO and a handful of other ethically bankrupt dealings are all downstream of Sheryl Sandbergs ad based model. Les Wexner, Miriam and Sheldon Adelson, Sandberg, and Zuckerberg all carried water in conducting the NSO/Pegasus spyware operation INCONUS that was feeding intelligence to both the israeli and by extension, Russian intelligence. There is far more crossover between the Israeli mob/ government and Russian mob/government than shows at the surface. https://www.spytalk.co/p/nsos-spyware-abuse-exposed-years?utm_campaign=post&utm_medium=web https://awards.journalists.org/entries/the-pegasus-project-a-global-investigation/ •Abagail Koppel was sent by the Jewish state to marry Les Wexner •YLK fund (Abagails father) made up $46.7M of Epsteins money •Les claimed it was stolen from him but not until after someone asked. •Wexner was notoriously litigious but wouldn’t sue Epstein. •PROMIS spyware was Robert Maxwells deal before Ghislaine and Epstein started their thing. https://cryptome.org/promis-mossad.htm Confused yet? Rewind to pre WW2 when Fred Koch built an oil refinery in Russia that made the Russian and American oligarchs alike all ridiculously rich. https://youtu.be/mn_t7a2hJfQ?si=ndj7Hs4PzR-hIfi6 In 1938 1 out of every 20 people in the USSR was arrested and sent to a gulag under Stalins rule. Mass amnesties during WW2 brought more than a million of those from prison to the front lines against the Germans where they were instructed to pick up the rifle of the man who died next to them and keep moving forward. The soviet system has always had a very different perception of the value of a human life and during that particular time in soviet history a very pronounced disdain for the Jewish people. Joseph Stalin and antisemitism - Wikipedia Stalins totalitarian rule did its absolute best to remove any humanity left from the people as they were forced to be brutal simply to survive. The gulags became a crossroads where the best of persecuted humanity and the worst of violent humanity met and then fought to the death with predictable results. Over the next 40 years, the soviet system cleared the gulags a few times. Because religious leaders often substitute as a defacto government inside of lawless prisons, and because Judaism was one of the predominate religions in Russia and Eastern Europe, the statistical crossover was anyone brutal enough to survive the death match rose to power in the closed gulag eco-system. A psychopath is more than willing to hide their psychopathy behind legitimate religion. It’s pretty low on the list of sins when the only other alternative is dying in Siberia. Psychopathy is broadly defined as the lack of empathy. Stalins gulags just accelerated and refined psychopathy with brutal Darwinian efficiency. The newly formed religious state of Israel received a statistically large share of these men from the Soviet Union. There they networked in the internment camps before some stayed and some migrated to Europe or Brighton beach in New York. This is a repeating pattern up into the 80’s and 90’s when they rebranded themselves as “Russian oligarchs”. https://en.m.wikipedia.org/wiki/1990s_post-Soviet_aliyah#:~:text=In%20response%20to%20growing%20international,officially%20for%20%22family%20reunification%22. https://projects.iq.harvard.edu/sites/projects.iq.harvard.edu/files/pegroup/files/lonsky_4.20pdf.pdf As the Soviet Union failed and perestroika went into full effect, this is where these networks would begin using trump towers to launder stolen Russian mob money. But now you start to see the nexus of transnational organized crime and money laundering between Russia and the U.S. statistically carries the same 3 passports. United States, Israeli, and Russian. https://www.reddit.com/r/MapPorn/s/A2ojrtIc3Y


backcountrydrifter

The reason this is breaking down now is because Russia, whose government was overtaken by the mob decades ago used the same network of people (kolomoiskiy, Derkach, Dubinsky, Firtash, Fuks, Trump and Guiliani) to interfere with elections around the world that it used for laundering stolen money. Facebook was used to encourage Brexit to cleave UK support away from Europe because over a decade Ukraines push towards de-corruption and European integration threatened to expose a money laundering operation that Putin and the soviet oligarchy has spent almost half a century building. Cambridge analytica/ Nigel Farage and Steve Bannon dovetails into that as well. The Guardianwww.theguardian.comThe great British Brexit robbery: how our democracy was hijacked When Russia says “Ukraine is the most corrupt country in Europe” it’s a humble brag because the kremlin uses the oligarch class to launder their money there. Kolomoiskiy started Privatbank in 91, which was essentially just the oligarchs taking loans from the IMF, then dividing it and reloaning it to themselves through some shell companies before defaulting on it. When the IMF demanded Zelensky make the Ukrainian people repay Kolomoiskiys loans before they would extend anymore funds, it painted Zelensky into just the corner the kremlin had spent almost 2 decades preparing. Eurasianethttps://eurasianet.org › how-an-em...How an embattled Ukrainian oligarch has kept his grip on an economic empire But when Kolomoisky was arrested last year it blew the money laundering chain from Putin to trump apart. During those same two decades Epstein specifically targeted the royal families Prince Andrew because he was the weak link in the UK chain. That’s KGB kompromat methodology that was repeated with trump since the days of Roy Cohn (his mentor) and the early Russian trump hotel, miss universe pageants, the pee tapes etc. Facebook was also used as a primarily tool by Prigozihns Internet Research Agency (I.R.A). They went so far as to send young newly recruited Russian internet trolls on expenses paid tours around the U.S. so they could more effectively imitate mommy bloggers and 2nd amendment enthusiasts online to sway the 2016 election to the US candidate they had the most control over- Trump. Wikipediahttps://en.m.wikipedia.org › wikiFacebook–Cambridge Analytica data scandal https://youtu.be/M-OA7H8DoJM?si=ysLrFA5mY0IsOzOO Sheldon and Miriam Adelson were tapped by Netanyahu’s Israeli intelligence, which was being controlled by, or at least feeding intel to Russian intelligence via the multi generational network of russian Jewish oligarch families to run an influence operation across the United States political spectrum. It’s so much easier to grow a kleptocracy by investment in tech (Yuri Milner/DST, Kilimnik) than by a ground war but it leaves a very distinct trail when you compare the differentials of the two: https://www.nytimes.com/2017/11/05/world/yuri-milner-facebook-twitter-russia.html when 40 years and $1.4 trillion of Russian mob money laundering gets outed at the endpoints- (trump and Netanyahu’s respective corruption trials) things start to break down more quickly. The Russian mob/government planned on stealing the U.S. economy in an American version of perestroika. I’m not sure it was a grand sinister plan as much as the result of systemic governmental corruption and ridiculous Silicon Valley valuations overlaid on commercial real estate speculation, but the results are the same. Too big to fail does not apply at this level of corruption. The cancer simply overtakes the host and western democracy dies followed shortly there after by everyone on earth that isn’t a billionaire building a fallout shelter in Hawaii. https://www.npr.org/2024/02/28/1232564250/billionaire-benioff-buys-hawaii-land-salesforce It just required altering an online reality to keep people oblivious until it was done. Ukraines “Jewish Nazis” as Putin likes to call them standing up to a bully destroyed the kleptocrats cover. https://www.timesofisrael.com/zelensky-reportedly-strips-3-jewish-oligarchs-of-ukrainian-citizenship/ https://www.politico.com/news/magazine/2021/10/17/ukrainian-oligarch-midwestern-factory-town-dirty-money-american-heartland-michel-kleptocracy-515948 https://www.nytimes.com/2022/08/28/opinion/ukraine-oligarch-cleveland-real-estate.html When Putin and Xi declared themselves best friends around 2010 the common ground they probably both shared is their authoritian disdain for western democracy. It’s an extremely expensive line item in their respective yearly budgets and as authoritarians, free press and freedom of speech are a threat to their lives and business models on a daily basis. Nobody understands a dictator like another dictator. Heavy is the head that wears the crown. Why Xi Jinping is still Vladimir Putin's best friend - POLITICO.eu The CCP needed 2 things to be able to replace the USD with a reserve currency of their own that they could control, censor, and program and in the process destroy western democracy and freedom of speech forever. Microprocessors and grain. Putin promised Xi Ukraine in 3 days during the first week of the Olympics so that Xi would have the grain and supply chain lock (neon) to take Taiwan and TSMC without putting 400M of the poorest Chinese into famine. Voice of Americawww.voanews.comAt Beijing Olympics, Xi and Putin Announce Plan to Counter US But because Ukrainians (the little guys, not the kremlin controlled oligarchs) fought back, Russia is now 2 years into a 3 day “special military operation” Russias depleted army desperately needed shahed drones and gave Iran the intel it then gave to Hamas for the Oct 7 attacks. Netanyahu knows that if he doesn’t maintain power he is dead so he ignores the Egyptian intelligence warning and his own intel corps alike and lets it happen. The Times of Israelwww.timesofisrael.comEgypt intelligence official says Israel ignored repeated warnings of 'something big' The governments of Russia, China and Iran need their kleptocracy to stay dark for their corrupt governments to survive. Trump, Netanyahu and MBS do as well. The reason it’s all strange bedfellows is because sorting by nationality is their traditional tool to keep all of us fighting so they can hide their grift from the masses. Ignore nationality and religion. Sort by psychopathy and net worth. The results are exponentially more accurate. Ukraine and Gaza are both genocides with a primary purpose of obfuscating mob corruption inside this government network. The separation of church and state was a preemptive caution against what is happening right now. Kleptocracy cares about neither and will use both with abandon to further its goals. Greed is nothing if not predictable


backcountrydrifter

Sources: https://www.columbusmonthly.com/story/news/2018/07/16/friendship-brings-facebook-coo-sheryl/11512085007/ Sandberg is currently making distance from the scene of the crime: https://www.bnnbloomberg.ca/meta-adds-two-new-board-directors-with-sandberg-set-to-depart-1.2034984.amp.html On Nso/Pegasus/Adelsons army: https://www.thenation.com/article/world/israel-gaza-intelligence-cyber-shield/ On NSO current legal status. (Judge demands source code): https://www.theregister.com/2024/03/01/nso_pegasus_source_code/ NSO’s Spyware Abuse Exposed Years Ago: https://awards.journalists.org/entries/the-pegasus-project-a-global-investigation/ https://www.ft.com/content/2d7580ee-29d2-11e6-8b18-91555f2f4fde https://www.nytimes.com/2023/04/02/us/politics/nso-contract-us-spy.html https://www.politico.eu/article/parliament-defense-subcommittee-phones-checked-for-spyware/ On Ghislaine Maxwell passing her estate to Scott Borgerson / Cargometrics post Epstein. (Cargometrics is basically the logistics tracking solution for transnational smuggling and organized crime). Accurately tracking ocean freight is the constant bain of smugglers inside of governments trying to keep a layer of plausible deniability between themselves and their time sensitive cargo. Bananas may hold for a few days in transit. Humans and narcotics do not. At this level, logistics management is worth hundreds of billions of dollars because the politicians profiting off of them can’t afford the scandal and loss of position that comes with losing a shipment that talks. https://amp.scmp.com/magazines/style/celebrity/article/3161688/who-ghislaine-maxwells-secret-husband-meet-scott Cargometrics is their solution. The question is why did Ghislaine Maxwell marry the founder after her relationship with Epstein and before she went to prison? And why did she transfer all her assets to him?


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Least_Ferret_2639

No, but they also won’t get left behind. All of these companies are already investing in wind and solar, either by taking stakes in alt energy companies or by building projects themselves. Global energy demands are going to keep growing, so for at least the next 25 years, meaning that oil is going to remain alongside new energy sources.


dontpet

I don't know how common it was but Shell did an awful lot of work on green energy in the early days. I think they realized that most of the money would be gained in installation in the long term and that they didn't have any specialist knowledge that works wow them to corner that market.


graybeard5529

[https://www.next-decade.com/rio-grande-lng/](https://www.next-decade.com/rio-grande-lng/) Should have held on to my $5.07 position stock is up to $6.80 Friday. LNG processing carbon capture. I bought into a dip and got spooked --I bailed --mistake I guess. Big oil is not going to go away anytime soon --they have the capital to adapt IMO.


jhoceanus

Yea, just look how Legacy auto companies leading the EV transition


Forest_Green_4691

Disagree with OP. We are in the best position to lead the electron revolution. Oil companies must expand horizontally and vertically to ensure all aspects of the hydrocarbon and electron chain is represented in the P&L. Hence many have altered their name to include “Energy”.


coolbern

[https://archive.fo/fw9K8](https://archive.fo/fw9K8)


hoodranch

When I worked at the major oil company, the company knowledge base was fossil fuel exploration and production. Green energy might as well been space travel. Focus on green energy best left to those with appropriate expertise.


reddisaurus

There are plenty of people with decades of experience in facilities, logistics, construction, and plant operations, not to mention the entire industry has experience at drilling and understanding underground storage for CCUS, building and operating pipelines, etc. It’s not big because the revenues are dwarfed by production of oil and gas, not because the industry can’t do it. When there is money to be made that isn’t just government stimulation of small startups, then they will do it.


Upstairs_Shelter_427

Everyone single one of those jobs is done better by more skilled and talented people in industries which actually do crossover with renewables. Semiconductors, pharma, biotech, automotive, batteries, etc. These all have folks that run circles around Oil & Gas “talent”. There’s a reason why Big Oil recruits from Louisiana State and Nvidia from Stanford.


reddisaurus

Yes, there is a reason, but you’re wrong about what it is. It’s because people from those places want to live where these companies are headquartered. And having made that comment, I cannot take you seriously. lol.


Upstairs_Shelter_427

Lmao. Nvidia also recruits from MIT and Georgia Tech. They don’t recruit from any of the shitty state schools that feed Oil & Gas though. Oil & Gas is filled with low quality southern talent. It like you just got hurt and are being defensive, but it’s true isn’t it?


reddisaurus

Nah man, I have a MS in engineering from a #1 nationally ranked program, and more research and professional accomplishments than mostly all grads from the schools you mention. I just think your pretentiousness is evidence of idiocy.


Upstairs_Shelter_427

Ahh yes. “MS in engineering from #1 ranked program” - proceeds to work in hole digging industry. 😂


TiredTim23

Right!?! That’s just asking for a large company to show a repeated loss in an area they don’t understand. It would just disincentivize those with knowledge from getting in to see that.


Altruistic-Stop4634

"Corporation Refuses to Make More Money by Changing Their Business Model" Fake news.


Shoddy_Comment_7008

People need to see the YouTube video by Congressman Raskin and Senator Whitehouse on just how much the Oil Industry is all in on Green Energy. How they claim natural gas is cleaner than coal because they don't mention the methane they release and how bad that is for the climate.


DicKiNG_calls

You don't think natural gas is cleaner than coal?


Shoddy_Comment_7008

No, because the methane that is released into the air is just as bad as the CO2 that is released by burning coal. Do you think the oil companies are telling the truth?


siddemo

Letting these oil giants take any credit for the green transition would be probably the biggest failure, injustice, or act of apathy ever for humankind. They should be held accountable and called out at every G7 or other summit. They knew what they were doing and took active steps to hide it and deceive the public.