The
CARB Community Lacks an Understanding of What Crude Oil is Used
For
Both CARB nor the Environmental, Social and
Governance (ESG) investment community are divesting in crude oil
that provides products and fuels for consumers that did not exist
in the decarbonized world of the 1900s and before.
The California’s Regional Haze State Implementation
Plan will be a great step to influence America to be decarbonized,
but with society unwilling to be mandated to a decarbonized world,
the demand for products made from oil derivatives manufactured from
crude oil continues to increase.
CARB may not be
cognizant that oil and gas are an
international industry with 700 refineries
worldwide as they remain
supportive of huge emissions from polluting foreign oil tankers and
creating a national security risk for all of America, as
California’s dependency on foreign suppliers for
California’s crude oil needs, as well as the West Coast
military operations, continues to grow.
As late as the 1800’s, the world was
“decarbonized” as there were no coal or natural gas
power plants, and what the Beverly Hillbillies situation comedies
of the 1960’s theme song called “oil that
is, black gold, Texas tea”, had not been discovered as
something that could be manufactured into usable products.
Before the 1900’s life was hard and dirty,
and most people never
traveled 100-200 miles from where they were
born, and life expectancy was
short. Today, crude oil is manufactured into all the products used
in the medical industry, fertilizers, electronics and more than
6,000 other
products
that are the basis of lifestyles and
economies.
Today, there is a lost reality that the primary usage of crude
oil is NOT for the generation of
electricity, but to manufacture derivatives and fuels which are the
ingredients of everything needed by economies and lifestyles to
exist and prosper. Energy realism requires that the legislators,
policymakers, media, and the investment community begin to
understand the staggering scale of the decarbonization
movement.
Of the three fossil fuels, CARB and the
Environmental, Social and Governance (ESG) community is unaware
that crude oil is not used for electricity. In fact, crude oil is
virtually useless, unless it is manufactured (by refineries) into
oil derivatives that are the basis of more than 6,000 products in
our daily lives that did not exist before the 1900s, and the fuels
to move the heavy-weight and long-range needs of aircraft, cruise
and merchant ships, and the military and space program.
Products from crude oil are the foundation of
modern society and few consumers are willing to give up those
benefits. Access to inexpensive, abundant, and dependable crude oil
has been the cornerstone of the Industrial Revolution and
humanity’s achievements.
Pervasive ignorance about crude oil usage and
divesting in the oil and gas industry could do irreparable harm to
the industry, as well as inflict supply shortages and soaring
prices upon consumers for the
lesser number of products manufactured from crude oil, to meet the
growing demands from society.
The renewables of solar and wind for the generation
of electricity are unreliable because they are reliant on
intermittent breezes and sunshine to work. To achieve continuous
uninterruptible electricity, wind and solar need back-up provided
by coal, natural gas or nuclear. Further, renewables CANNOT
manufacture any of the products derived from crude oil, they can
only generate intermittent electricity. In fact, renewables cannot
exist without crude oil as all the parts of wind turbines and solar
panels are made with oil derivatives manufactured from crude
oil.
CARB, Banks, and investment giants that are
driving today’s Environmental, Social and Governance
(ESG) divesting in fossil fuels are all the rage on Wall Street these days, to
divest in all three fossil fuels of coal, natural gas, and crude
oil, just to reduce emissions. It is appalling that both President
Biden and the United Nations support allowing the investment
community to collude to reshape economies and our energy
infrastructure.
Before divesting in all three fossil fuels of coal,
natural gas, and crude oil, where is the replacement or clone for
crude oil, to keep today’s societies and economies
running?
Looking back a little more than 100 years,
it’s easy to see how civilization has benefited from more
than 250 leading-edge, hydrocarbon processing licensed refining
technologies used by the more than 700 refineries
worldwide that service the demands of
the eight billion people living on earth with more
than 6,000 products made from the oil derivatives manufactured out of
raw crude oil at refineries. None of these products were available
to society before 1900.
Getting off crude oil would reverse much of the
progress made over the last few centuries. The inventions of the
automobile, airplane, and the use of petroleum in the early 1900s
led us into the Industrial Revolution and victories in World Wars I
and II.
The products from fossil fuels have reduced infant
mortality, extended longevity from 40+ to more than 80+, allowed us
to move to anywhere in the world via planes, trains, ships and
vehicles, and virtually eliminated weather related
fatalities.
As CARB and ESG progresses, banks and investment
giants have short memories of petrochemical products and human
ingenuity being the reasons for the world’s population
increasing from one to eight billion in less than 200 years.
Efforts to cease the use of crude oil
could be the greatest threat to
civilization, not climate change, and lead
the world to an era of guaranteed extreme shortages of fossil fuel
products, like we had in the decarbonized world in the 1800s, which
may result in billions of fatalities from diseases, malnutrition
and weather-related deaths trying to live without the more
than 6,000 products currently benefiting society.
Efforts toward abandoning fossil fuels will
further deprive and/or delay providing nine percent of humanity, or
more than 689 million
people, in this world that are living
below the international poverty line of $1.90 a day, from enjoying
the same products that benefit the wealthy and healthy countries.
Depriving citizens of the more than 6,000 products that were non-existent before 1900, made from the
oil derivatives manufactured from crude oil, appears to be immoral
and evil as extreme shortages will result in billions of fatalities
from diseases, malnutrition and weather-related deaths.
Bank boardroom decisions that are allowing the
investment community to collude to reshape economies and
lifestyles, so that they are in line with the preferences of banks
and other financial institutions, is an extremely dangerous
precedent. Consumers never voted to give banks this sort of control
over our world.
The audacity is overwhelming that those ESG banks
and investment giants, in the healthier and wealthier countries,
insist that we should limit poor countries’ future access to
the products from fossil fuels. Inexpensive, reliable, accessible
power, and products from fossil fuels are lifesaving, and one of
the best ways out of poverty.
Unintended consequences of the ESG rage ridding the
world of crude oil usage would be the restricted supply and
resultant inflationary pressures on the limited supply of products
and fuels manufactured from crude to meet growing demands that
support:
§
Asphalt for roughly sixty-five
million miles of roads in the world.
§
Tires for the 1.4 billion vehicles
in the world.
§
Fertilizers to feed the eight
billion in this world on an increasingly resource-stretched and
crowded earth.
§
Medical supplies that are primarily
made from oil derivatives.
§
Jets that comprise more than 50,000
aircraft for military, commercial, private and the
President’s Air Force One.
§
Merchant ships that comprise more
than 53,000 vessels that move products throughout the
world.
§
Vehicles that are mostly made of
plastics.
§
Renewable components of wind
turbines and solar panels that are made from oil
derivatives.
The domino effects of tinkering with the supply
chain of fossil fuels are supply shortages and soaring
prices for the consumers, for not
only electricity, but for the thousands of products that support
the entire medical industry, all branches of the military,
airports, electronics, communications, merchant ships, container
ships and cruise liners, as well as asphalt for roads, and
fertilizers to help feed the world.
It is time for the people to demand anti-ESG bills
from their legislatures and put a stop to the banks that are
colluding to reshape economies and lifestyles, and inflicting
shortages and inflation on consumers.
Ronald Stein
Pulitzer
Prize nominated author, Policy
advisor for The Heartland
Institute
on Energy, and National TV Commentator- Energy &
Infrastructure with Rick Amato.
http://www.energyliteracy.net/