this post was submitted on 06 Jul 2023
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Oil giant Shell warns cutting production 'dangerous' (www.bbc.co.uk)
submitted 1 year ago by [email protected] to c/[email protected]
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I don't know about you but I'm sure glad the chief exec of Shell cares about our futures....

The world's need for fossil fuels is "desperate", Shell's chief executive told the BBC.

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[–] [email protected] 4 points 1 year ago* (last edited 1 year ago)

I've no doubt that this guy is being entirely self-serving and disingenuous, but the sad fact is that the UK still does still import half of its oil and gas.

  • Plus side of reducing oil production is that prices will go up and will drive the introduction of renewables as they become attractive and help save the world.

  • Downside is that we will all feel poorer during this transition

I'm in favour of cutting, but it's important to be clear about the implications.