oil

The Environmental, Social and Governance (ESG) investment community is divesting in crude oil that provides products and fuels for consumers that did not exist in the decarbonized world of the 1900s and before.

Since everything that needs electricity is made from the oil derivatives manufactured from crude oil, there will be nothing new to power without crude oil!

Which is the great threat to civilization, climate change or a world without fossil fuels?

Biden appears to lack a basic understanding of what crude oil is used for, as he tinkers with the supply chain of crude oil that supports the lifestyles and economies that did not exist in the decarbonized 1800’s.

They finally realized they (not Big Oil executives) would be humiliated by reality.

The world was previously decarbonized in the 1800’s and earlier, but Biden lacks a basic understanding of what crude oil is used for, as he tinkers with the supply chain of oil that supports the lifestyles and economies for the world’s 8 billion.

Crude oil is virtually useless, unless it’s manufactured into usable products for societies and economies by the hydrocarbon processing industry.

Of the 3 fossil fuels, crude oil is the only one primarily used to manufacture products for society that are the basis of the economy.

As banks collude on ESG policies to reshape economies so that they are in line with the preferences of banks and other financial institutions to divest in all 3 fossil fuels, it is a very dangerous precedent.

The movement to “net zero” shutters the crude oil supply that is responsible for thousands of products, assures a threat to civilization.

The financial racial biasing of Governor Newsom’s climate policies against the poorest residents, particularly Latinos and African Americans is unconscionable, as he exposes the country to national security risks from countries that also have less environmental controls than America.

Pursuing the elimination of fossil fuels would put billions at risk as renewable breezes and sunshine only generate electricity. With Biden apparently pro-humanity with his COVID vaccination campaign to save thousands, how dare he, a pro-humanity individual, support banishment of fossil fuels, when their banishment would be the greatest threat to civilization resulting in billions dying from starvation, diseases, and weather-related deaths?

Intermittent electricity CANNOT provide the oil derivatives that are the basis of thousands of products that have benefitted humanity for more than 200 years.