RE:RE:RE:RE:RE:RE:RE:RE:RE:STC Not Alone In 2021 Share Price Dropmasfortuna wrote: It's a system supply shortage. So all the investments to save the planet because of carbon emmisions have led to a decrease in drilling and capex investments.
Except that we still need oil so now the end result is:
Worst carbon emmisions since countries are now using formerly shutdown COAL GENERATORS (see Germany) to meet demands and higher energy price. Somebody should have told the millenials that actually saving the planet is not the same thing as wearing green t-shirts, having marches, and listening to a 17 year old teenager (Greta) with no actual solutions on how to do this. Pretty sad...
The problem is that politicians push policies in line with "targets" to limit the increase in carbon emissions without considering that the technology can't meet worldwide demand at the moment, so essentially, all they do is shift energy around, reducing the emissions locally while they don't really go down globally.
Just consider electric cars... they mostly all sellout at the moment, and the limit is in production rather than demand. So, stimulating demand doesn't do anything special as you just shift where the production gets sold (instead of increasing production). Same goes for energy, as new green production sources barely match new demand and plants shutting down, with significant limits regarding load balancing issues compared to legacy power plants (like coal).
Yet, we live in a world where image trumps action, so you push policies to look good even if it doesn't make economical sense or whether you're just displacing demand rather than really cutting down carbon emissions.