Comments by "" (@craigkdillon) on "neo" channel.

  1. Melting Arctic discussions always mention access to new oil reserves in the Arctic Ocean. I do not think these reserves will ever be tapped -- here is why--- 1) Even with no ice, the Arctic Ocean will still be very stormy, and extraction will be expensive. 2) Renewable energy is increasing, and electric vehicles will become common. These two factors will prevent Arctic oil extraction. Oil is common. Oil is located on continental shelves around the world. Israel now has oil in the Mediterranean (the remnant of the Tethys Sea),. Brazil, Nigeria, Indonesia, have oil. Oil should also be expected to be found in the Indian Ocean on the Indian continental shelf. The SCS will also have it. So, oil is ubiquitous (not rare, like big oil wants us to believe). Oil demand will peak, and then start to decline by 2030 or earlier. Therefore, oil prices will decline and not support extraction from expensive areas ------ like that Arctic. So, don't put your money in Arctic oil ventures.
    2
  2. Neom fights the land, instead of being part of it. If you had a car, where would you drive to? Chicago, London, Paris are all part of the surrounding land. You can get in your car, drive in the countryside, and enjoy the area. Neom, on the other hand is isolated. No rail. Do roads exist to tour Arabia? It does not seem so. Neom seems very rigid. World cities have succeeded over time because they were flexible. In the past, planned Utopias have turned into hells, not heavens. We shall see which happens here.
    1