Comments by "Paul Aiello" (@paul1979uk2000) on "Saudi oil CEO says 'We should abandon the fantasy of phasing out oil u0026 gas'" video.

  1. In an industry that is under threat, saying we should abandon the fantasy of phasing out oil and gas sounds like an admittance of fear. Alternative energy sources like renewables is a big threat to the oil and gas industry because it keeps getting cheaper and better, also battery tech is getting better and cheaper, which allows renewables to have a bigger buffer when it comes to storing of that energy for more consistent power. What the oil and gas industry really fear is that they can't keep playing the games they used to do with jacking up the prices a lot, that is a lot harder for them to do thanks to renewable energy sources, the moment they try to do so, they encourage more investment and deployment of renewable energy, which will end up killing off the oil and gas industry sooner rather than later. The oil and gas industry are in decline, it might not seem like that to some but you can tell there is real panic in the air, they'll try there best to push up prices, but they know it's very short-lived because of alternatives that are around, they also know that the percentage of oil and gas use in the economy is going to go down over the coming years, until these companies either have to adapt into new industries or go bankrupt. Either way, these clowns have been trying to control the energy industry and control the price we pay, fixing the price we pay and the amount they produce for too long, it's high time we finish them off for their corruption, which basically means more aggressive price cuts on renewable energy and battery storage, which is the ultimate fear the fossil industry has. I mean, seriously, what were countries around the world thinking about with being so dependent on fossil fuels when we have organisations like OPEC that artificially control the price and production. As for countries that are too dependent on fossil fuels for the economy or even countries that make up a sizeable part of the economy from fossil fuels, you better start diversifying your economy, because the good times are limited, chances are, the value you can charge for fossil fuels is going to be under constant downwards pressure thanks to renewables, eventually that's going to lead to the point where fossil fuels have little to no value, especially as renewables, battery tech gets better and cheaper, and then there's energy security, since the war in Ukraine, more countries want to produce more of the energy they use internally, renewables and battery tech can do all that if done right. The other nice thing about this is that with EV's and heat pumps on the rise, especially in Europe and other modern countries, it fits perfectly with the renewable sector that all our energy could eventually be renewable until something better than that comes along.
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