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Oil giant Shell warns cutting production 'dangerous' (www.bbc.co.uk)

submitted 1 year ago by Ni@kbin.social to c/news@kbin.social

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I don't know about you but I'm sure glad the chief exec of Shell cares about our futures....

The world's need for fossil fuels is "desperate", Shell's chief executive told the BBC.

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[–] snipgan@kbin.social 9 points 1 year ago (2 children)

Unfortanetally for everybody the greedy oil mogul is basically right. At least for the near future.

Just so much of the world runs on oil/fossil fuels that it's almost comical how reliant on them we are.

Plastic. Fertilizer. Transportation. Energy. Medicine.

Even if we can try and do replace it with green alternatives, it is going to take a massive change to get to where we need to be. Let alone for it to be cost effective and productive enough not to destabilize the entire world. We all saw how some reacted to higher gas prices.

But climate change is wrecking the world as we speak so.....dam. Destabilization either way. We took too long and dragged our feet. Ironically cause of the actions of oil's dark money and propaganda.

Ugh. It makes my head hurt.

[–] Ni@kbin.social 4 points 1 year ago

I think we're at a crisis point with the climate, we're hitting so many new records and milestones with a rapid pace.

As you say it's all destabilising. What I absolutely don't accept is that the customer should feel the brunt of that chnage. These companies have made record profit in the last few years, what a wonderful opportunity to reinvest and fix so many of the problems they have caused.

[–] Madrigal@kbin.social 3 points 1 year ago (1 children)

Crazy thought: how about we get Greedy Oil Mogul and his ilk to fund the rapid transition, since they stalled progress in order to keep profiting from the current state for so long.

[–] Ni@kbin.social 2 points 1 year ago* (last edited 1 year ago)

Thank you, yes please. Record profits over the past few years!

[–] Tyson712@kbin.social 7 points 1 year ago (1 children)

Dangerous... To their profits. Not so dangerous to the rest of us

[–] Ni@kbin.social 1 points 1 year ago

I mean we must protect their profits at all costs.....

[–] HeartyBeast@kbin.social 6 points 1 year ago* (last edited 1 year ago) (1 children)

I've no doubt that this guy is being entirely self-serving and disingenuous, but the sad fact is that the UK still does still import half of its oil and gas.

Plus side of reducing oil production is that prices will go up and will drive the introduction of renewables as they become attractive and help save the world.
Downside is that we will all feel poorer during this transition

I'm in favour of cutting, but it's important to be clear about the implications.

[–] Ni@kbin.social 2 points 1 year ago

We need big companies to really champion the move to green tech and renewables, and reinvest some of the profit. I don't think customers should shoulder the burden when you consider the last few years of recoding breaking profits

[–] Ni@kbin.social 4 points 1 year ago (1 children)

How much money do these people need?

[–] Coskii@lemmy.blahaj.zone 6 points 1 year ago (1 children)

Need hasn't been a factor for these types of people ever. It's not about amount in terms of survival, it's a high score system. Earn more than the one who came before you, gain over other companies, get noted in some top # company scoreboard.

The entire system is set up to award this aggressive, destructive behavior as success. The largest change in recent times is the numbers getting so massive that it takes the most destructive and cutthroat policies to even get close to out doing those who came before.

[–] Ni@kbin.social 5 points 1 year ago (1 children)

I intellectually understand the concept but personally cannot grasp it. The rise of the billionaire and the staggering record profits of some of these companies is just beyond the pale.

[–] deeoh@kbin.social 5 points 1 year ago (1 children)

And that's exactly why you'd never be a billionaire, it requires you to embrace that concept. It's disgusting.

[–] Ni@kbin.social 3 points 1 year ago

Hah, billionaires are an immoral concept in general. Should never have existed

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