There are no pipelines across a thousand miles of tundra that’s melting due to global warming, which means you can’t sink pipes to support a pipeline in tundra that’s turned to mud. There’s no tanker routes, the wells aren’t drilled, and yet we are spending our future as if oil is even there. We got to drop all this lying right now. We don’t need transparency about anything, other than about how much oil is really left, because we don’t know. Oil is a commodity, it’s an asset. You make loans based on what’s in the ground, so you have all these accounting terms: Possible reserves, proven reserves, ultimately recoverable reserves, verified reserves, estimated reserves, etc. But actual reserve estimates are made secrets. The Saudi’s don’t dare announce that they’ve passed their peak of oil production. Why? They have a very rested population that have been sold an expectation of an arising standard of living, and the moment Saudi Arabia acknowledges their passed peak, there will be a revolution. Now, what happens if there’s a revolution in Saudi Arabia, with 25% of the world’s known oil, where’s that oil going to get replaced from? It can’t be. It’s a very complex
There are no pipelines across a thousand miles of tundra that’s melting due to global warming, which means you can’t sink pipes to support a pipeline in tundra that’s turned to mud. There’s no tanker routes, the wells aren’t drilled, and yet we are spending our future as if oil is even there. We got to drop all this lying right now. We don’t need transparency about anything, other than about how much oil is really left, because we don’t know. Oil is a commodity, it’s an asset. You make loans based on what’s in the ground, so you have all these accounting terms: Possible reserves, proven reserves, ultimately recoverable reserves, verified reserves, estimated reserves, etc. But actual reserve estimates are made secrets. The Saudi’s don’t dare announce that they’ve passed their peak of oil production. Why? They have a very rested population that have been sold an expectation of an arising standard of living, and the moment Saudi Arabia acknowledges their passed peak, there will be a revolution. Now, what happens if there’s a revolution in Saudi Arabia, with 25% of the world’s known oil, where’s that oil going to get replaced from? It can’t be. It’s a very complex