Surprise: Dutch Ruling On Shell Oil Benefits OPEC And Russia

Remember when I mentioned the Cult of Climastrology winning with a ruling against Shell Oil in the Netherlands?

Climate cultists can’t win by convincing people, so, they’re using the courts to jam through their cult beliefs. This won’t harm Shell: it will just increase the cost of product. Which means the cost of other goods that are delivered by fossil fueled vehicle, plane, and ship will increase. That’s a win, right?

And there could be unintended consequences? Well, here’s another

OPEC, Russia seen gaining more power with Shell Dutch ruling

unintended consequencesClimate activists who scored big wins against Western majors last week had some unlikely cheerleaders in the oil capitals of Saudi Arabia, Abu Dhabi and Russia.

Defeats in the courtroom and boardroom mean Royal Dutch Shell, ExxonMobil and Chevron are all under pressure to cut carbon emissions faster. That’s good news for the likes of Saudi Arabia’s national oil company Saudi Aramco, Abu Dhabi National Oil Co, and Russia’s Gazprom and Rosneft.

It means more business for them and the Saudi-led Organization of the Petroleum Exporting Countries (OPEC).

“Oil and gas demand is far from peaking and supplies will be needed, but international oil companies will not be allowed to invest in this environment, meaning national oil companies have to step in,” said Amrita Sen from consultancy Energy Aspects.

Good job, Warmists (who also won’t give up their own use of fossil fuels)

The International Energy Agency, which looks after the energy policies of the West, issued an appeal last month to the world to essentially scrap all new oil and gas developments. But it gave no clear formula on how to reduce demand.

“It (the IEA report) is a sequel of the La La Land movie. Why should I take it seriously?” Saudi Energy Minister Prince Abdulaziz bin Salman said on Tuesday.

“We (Saudi Arabia) are … producing oil and gas at low cost and producing renewables. I urge the world to accept this as a reality: that we’re going to be winners of all of these activities,” he told an online news conference after a regular OPEC+ meeting.

A high-level executive from Russia’s Gazprom said: “It looks like the West will have to rely more on what it calls ‘hostile regimes’ for its supply”.

Don’t you hate when those unintended consequences reach up and smack you in the face with the Dead Mackerel of Reality?

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10 Responses to “Surprise: Dutch Ruling On Shell Oil Benefits OPEC And Russia”

  1. drowningpuppies says:

    Too bad we have a *President who has turned the nation from being a world leading exporter of oil to a nation of gas shortages in less than 5 months.

    Bwaha! Lolgf

    • Hairy says:

      Lolpuppy biy stop huffing those petroleum distillates!
      2020 was the first year the USA became a net oil exporter and that was by a paltry 1million barrels
      Saudi Arabia exports 12x that every day please to avoid future embarrassment take 2 steps forward and pull your head out of your ass
      The primary reason that we were a net exporter in 2020 was because Trump crashed the economy by allowing covid to kill 500000 Americans
      Like many/most people puppy killer never checks any “facts” he wants to believe
      Over 100 shake oilproducets went bankrupt during the Trump years

      • drowningpuppies says:

        So Johnnie retard missed out on the gas shortage and those long lines at gas stations….

        He doesn’t comprehend well either.

        Musta been going through that electroshock therapy at the nervous hospital.

        Bwaha! Lolgf

        • Hairy says:

          Puppy boy
          The USA became a net exporter in 2020
          We were not a major exporter
          The reason why we did become a minor exporter was because our oil imports fell to their lowest level since 1991
          Our pilot exports will double next year
          Will you thank Joe if they do?

      • Jl says:

        According to this it happened in 2019 and had nothing to do with your fairy tale story about Trump and Covid, John..

  2. Hairy says:

    I couldn’t read that FT article
    In 2020
    However jl 2020 our oil IMPORTS were the lowest since 1991
    THAT is the reason we became a net exporter of oil
    Wasn’t that point made in the article you cited?
    Did you even read the FT ARTICLE????

  3. Hairy says:

    Jlwhy do you think that our oil imports in 2020 were the lowest since 1991 if not for covid ?
    Dont you feel embarrassed when you insult someone and then find out that you were in fact wrong ?

  4. Professor Hale says:

    JL, He is obviously wrong (again) on this, but after you flush your credibility as thoroughly as he has, I’m surprised anyone noticed this time. Since even a net oil exporter can, for purely capitalistic reasons, import some oil, I was going to give him a pass on this one time. Example: UIS refineries having extra capacity can import oil from Canada, refine it, and sell the refined products to Japan. All without impacting our own oil production or demand.

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