Energy Crisis Is A Taste Of What The IEA Has In Store For Us

[rebewranger]

Energy Crisis Is A Taste Of What The IEA Has In Store For Us
JUNE 11, 2022
tags: fossil fuel
By Paul Homewood
 

Biden may call it the “Putin price hike”, but the root cause of our energy crisis has been festering for a few years now.

Tilak Doshi details how the oil and gas sector in the West has been starved of investment in this Forbes article. Governmental climate policies, pressure on banks from governments, central banks and regulators not to lend to fossil fuel companies, the activities of eco-activist investors, woke hedge funds and judicial decisions have all contributed to a gradual decline in new investment.

Instead oil companies are happier using surplus cash for dividends and share buy backs, or plough money into the heavily subsidised green trough. Anything for an easy life!

Unsurprisingly then supplies are tight and prices rocketing.

But at the moment the imbalance is still tiny – after all we can still buy the stuff. The frightening thing is that this major shock to the global economy is just a taster of what the Climate Alarmist Cult has in store for us.

We just need to recall what the IEA proposed last year:

https://notalotofpeopleknowthat.wordpress.com/2022/06/11/energy-crisis-is-a-taste-of-what-the-iea-has-in-store-for-us/

[Fishrrman]

from the article:
"Unsurprisingly then supplies are tight and prices rocketing.
But at the moment the imbalance is still tiny – after all we can still buy the stuff. The frightening thing is that this major shock to the global economy is just a taster of what the Climate Alarmist Cult has in store for us."

Just received this email from someone I know today. The "radio" he speaks of is ham radio:
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"Just spoke to a radio friend today and he said he was only allowed 25 gallons of fuel oil after requesting a fill-up. He knows of someone who only got 20 gal. max. A fuel company loses money on tiny deliveries… they’re providing it now as a courtesy to supply customers with domestic hot water. New Haven terminal is bone dry so the oil is being trucked in from Portland. Winter isn’t all that far away. Heating oil and diesel are similar fuels… the same fuel trucks run on. “Oh what a web we weave when we practice to deceive.” The dems have thrown sleepy joe under the oil truck. Have no fear joe, the trucks have no fuel, but We do have lots of natural gas tho much of it is earmarked for EU. Wonder how this'll play out?"
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