Escalating climate change pressures are strangling capital flows for oil and gas producers, driving up the price of gasoline, electricity, and home heating and cooling.
World leaders and the Environmental, Social and Governance (ESG) movement that are setting policies to rid the world of fossil fuels, have short memories of petrochemical products and human ingenuity being the reasons for the world populating from 1 to 8 billion in less than two hundred years.
In the 1700’s, before fossil fuel driven ships, Ben Franklin made eight voyages via sailboat across the Atlantic Ocean, between the Colonies and Europe that each took as long as three-to-four months to complete a one-way voyage.
Today, we have the fuels to move the heavy-weight, and long-range needs of more than 50,000 merchant ships and more than 50,000 jets. We also have the manufactured fuels for the vehicle population dominated by truck registrations, and the military and space programs, which are needed to support the worldwide efforts to feed those eight billion on this earth.
