FT on energy
Created Tuesday 19 November 2024
- https://www.ft.com/content/1cad8df7-2366-4f1a-89e4-ca66ef9f7a51
- Wall Street, tech and energy during Trump’s second term
- https://www.ft.com/content/0e4409b8-10f5-4dda-b4e9-b3dad2ef9c5b
- What could stop the global green energy race? A Trump victory
19/11
- p21
- Shale growth down; corp. lookinf 4 other sources
- Russia war pushed prices up, corp hav ecash and gov prioritise energy security over climate
- Industry looking to Africa, SA & Asia seebeds
- Tr may loosten regualtions, but little impact short term, corp dont want a glut of cheap oil
- no interest in renewables, focused on decadeslong foddil fuel projects
- The industry is on the way down (as renewabnles are cheaper), but w/ lots of $ Exxon & Chevron are fighting for it in by Guyana (US Ven for policy)
- Guyana is where it is at today, France Toral has moved in too
- Geopoli efect
- Bad stuff
- risks are high that bad stuff could happen
- $ is always risky whenthere are lots of prfit at stae (S.Tombs)
- Enviromentalists are against decades long projects at a time when fossil fuel extraction needs to stop
- Shell counter that the oil is steel needed, and what they are producing is low carbon emmiting
- Envir say so what!, and worse the projects could become redundant early due to energy transition
- risks are high that bad stuff could happen
