Germany: The stupidity of European leftist elites on display...BASF warns of total collapse
They laughed when Trump warned them not to let their enemies control their energy supply and rely on the Russian pipelines. It will take years for infrastructure to be ready to transport LNG from the US and elsewhere to replace the 50+% of their energy supplies now controlled by Putin. They have little choice but to do his bidding which means paying in rubles not dollars. This adds another nail in the coffin of the Dollar as the worlds reserve currency for which we will all pay dearly.
Link: https://www.zerohedge.com/energy/basf-ceo-warns-germany-total-collapse-if-russian-gas-supply-cut
Replies to: Germany: The stupidity of European leftist elites on display...BASF warns of total collapse
It's worth repeating - green morons are a far greater threat to the earth...
...than the predicted effects of greenhouse gasses, that might happen in 50 years (or not).
I'll repeat an earlier post of mine..."Two things to always keep in mind"...
1. Climate Change is real..
.>Before the Industrial Age....1,900 GTns of CO2 in the atmosphere
>Industrial Age additions......1,300 GTns (Total Now: 3,200 GTns)
>Annual additions......................40 GTns
>Time to remove CO2 from the atmosphere..........20-200 yrs, for 'most' of the CO2, but not all
Now fast forward 80 yrs (approximate newborn's lifetime)...that's 40 x 80 = 3,200 GTns added at "current" rates...or a near "Doubling" of today's CO2 concentration (not counting some degree of 'scrubbing' out)...or 3.37 times what the pre-industrial age concentration was....note that global temperatures are indeed rising (Google "Roy Spences Global Temperature Data" to see his very accurate satellite data chart from 1978 to now)...it is not to anyone's advantage to delay the process of shifting away from FFs.
(Additional input:....Ice ages occurred at 180 ppm (CO2)...ended at 300 ppm...we are currently at 416 ppm...and rising)
2. At our current consumption rate, the U.S. has 5 years of proven oil reserves left (see link)...IMO it is much wiser to have countries like Venezuela and Saudi Arabia provide the boost in production...again, check the link for how many years of reserves they have.
Not really a hard decision here, unless you choose not to face the facts presented...shift away from burning fossil fuels...ASAP...
Link: https:/ /www.worldometers.info/oil/oil-reserves-by-country/
Link: https:/ /www.worldometers.info/oil/oil-reserves-by-country/
Absolute BS.....Why does anyone listen to this guy?
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As always, you don't address the point of the post
You just spout your usual unrelated pap.
You be you, Ty.
I'd accept such a reply from others on this board (Hello, '678'), but you sat through Emil T's class
so I know you can process data...I'd be happy to give you sources for it, if you'd like, but it's all accurate...there's no way you can dispute the facts...we are headed into territory (atmospheric CO2 levels) that haven't been seen for over 800,000 years...CO2 is a "greenhouse gas", meaning that higher concentrations lead to higher temperatures, which in turn will absolutely change our environment dramatically...the sad thing is, the additional CO2 is being added incredibly fast with very little time for humankind to adapt...this is perilous for many reasons.
On my second point...those numbers (re: oil reserves) are EIA facts...without IMPORTS, the USA runs out of proven oil reserves in 5 years!...don't know about you, but that scares me. (btw, the ANWR field has only ~1 yr of reserves at current consumption rates)
As for my post being "unrelated"...your post, that I responded to, had this statement..."...green morons are a far greater threat to the earth...than the predicted effects of greenhouse gases, that might happen in 50 years (or not)."...looks pretty "related" to me.
You can do MUCH BETTER, Nigel...
How did we ever get out of the ice age?
More leftist crap.
Read my post...atmospheric CO2 level rose from 180 ppm to 300 ppm (we're currently at 416 ppm)...
and rising, with no abatement in sight.
I did, it’s a BS statistic used by the looney leftists.
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I appreciate your comments but all oil and gas is traded in dollars. It’s the world’s
reserve currency and will be that way forever. At one time when the Euro was 1.40 to the dollar when some companies talked about trading oil on the Euro. Never happened. Currency is geopolitical and no other country can guarantee its currency as a status of commerce. Hopefully we will never lose that status.
Not true....see the linked story. Several countries are trading oil and gas in their own currencies
I truly wish what you say is true but it is not. The Chinese and the Russians are now using the Ruble and the Yuan for all energy purchases and India is about the join then. In addition, the Saudis met with the Chinese just last week to discuss trading oil and accepting the Yuan. Sadly the days of the Dollar as the World Reserve Currency are waning fast.
What is wrong with you? Why is Russia and China avoiding the dollar based currency? Are you stupid?
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They see the Dollar and the SWIFT system as a potential weapon against them, which it is and...
by dealing with other countries directly in their own currencies, they do not have to hold dollar assets and, therefore, sanctions are ineffective as a weapon against them because they are unenforcable. Russia is now demanding that it's oil and gas sales to Europe are paid in rubles not dollars and several other Countries are making deals with each other to trade in their own currencies. The days of the Dollar as the reserve currency of the world are coming to an end. Additionally, they see us printing Trillions and have come to realize that serious inflation or even hyperinflation are more than possible and they don't want to be holding a rapidly depreciating currency.
They see the Dollar and the SW
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These are not leftists... they are modern corporate oligarchs..
In the US this would be the Silicon Valley monopolists, who could not give a damn about people so long as their personal wealth is soaring.