Economic Disaster/COP26 incoming

[paid_influencer]

so fellas, things bad. we saying that a while now, 10 years in recession so far, it is easy to dismiss this ched as another thing to add onto the pile. But... fellas, what we going to discuss in this ched is a kicker. This news coming out of the COP26, if it is as bad as it appears, is going to kill the economy dead dead. Venezuela level economic function coming in short order if this happens.

If you haven't caught up - Watch the Prime Minister's address to the nation tonight (6th Nov 2021). It is a good run down of what the state of play is and the nature of the disaster that is incoming.



He's referencing this decision, coming out of the COP26 meeting (which is still underway and won't be finalized until the 12th).

US and 19 Other Countries Agree To Stop Funding Fossil Fuel Projects Abroad

In a major announcement at United Nations climate talks on Thursday, 20 countries said they would stop funding fossil fuel development abroad and instead plow money into clean energy. The group of countries includes finance heavy-hitters like the U.S., UK, and Canada as well as smaller players like Mali and Costa Rica. An analysis by Oil Change International indicates that the 20 countries plus four other investment institutions who signed on could shift $15 billion annually from funding fossil fuels to clean energy projects.

"The signatories of today's statement are doing what's most logical in a climate emergency: stop adding fuel to the fire and shift dirty finance to climate action," Laurie van der Burg, the global public finance campaigns co-manager at Oil Change International, said in an emailed statement.

Banks, Financial Institutions, and Countries will no longer provide the capital for fossil fuel projects abroad (particularly new oil and gas exploration and discovery). Abroad in that sentence includes "Trinidad & Tobago."

To put another way: No exploration, no discovery, no more oil & gas industry on the island. The Prime Minister describes this very viscerally as "a dagger aimed at our heart."

The Prime Minister trying his best to negotiate out of this, but we are, per capita, the world's biggest polluter and nobody wants to hear from us.

God help us, if the collapse in oil prices (2014), collapse in production (2015) and then COVID (2020) didn't kill the economy, this Climate Change conference (COP26) definitely will.

[sMASH]

we dont have much more gas to find any way.

[DMan7]

Sounds like a meeting of the optimist club!

[Redress10]

For all the jackarses who thought that Mia Mottley was courageous with her "boof".

Doh get vex when they pull their money from the region now.

[redmanjp]

It's not just about finding more gas. We could have gas till kingdom come but time will come where nobody want it because every country switch to renewable energy to power their electricity grid and driving electric cars.

What we go do? Is now we have to fast track diversifying the economy. Even if there is still a small market for gas as gas is still cleaner than coal it will be a minority driver if the economy so we are now forced to find alternatives.

[Redress10]

It's not just about finding more gas. We could have gas till kingdom come but time will come where nobody want it because every country switch to renewable energy to power there electricity grid and driving electric cars.

What we go do? Is now we have to fast track diversifying the economy. Even if there is still a small market for gas as gas is still cleaner than coal it will be a minority driver if the economy so we are now forced to find alternatives.

Those countries only switching to electricity because they have the patents and technological knowledge as adavantages to do so. No more oil mean countries such as Saudi Arabia, Iran and Venezuela can no longer use their e their resources as leverage. Throw Russia into that mix as well.

I always find trinis were dunce for wanting to own a car when cars a re economically ineffecient. Vehicles are useful for long distance over plenty land. TT should have had proper mass transit years now because the country that small. We just burn forex and subsidised gas for all these years just to say we have a "ride".

[The_Honourable]

Putting personal feelings about Rowley aside for a bit, he made valid points in his speech. Essentially, our energy sector is on borrowed time. It seems many are divided on Natural Gas as it is non-renewable but it's a cleaner fossil fuel that coal and oil.

This also means that any interest in the Point-a-Pierre refinery would be lower. Guyana is now an energy hot spot and with recent discoveries in Suriname, both countries have some thinking to do.

Fossil fuels will remain a dominant business for some time but it is in what many see as a sunset industry.

The Great Reset is no joke.

[zoom rader]

Putting personal feelings about Rowley aside for a bit, he made valid points in his speech. Essentially, our energy sector is on borrowed time. It seems many are divided on Natural Gas as it is non-renewable but it's a cleaner fossil fuel that coal and oil.

This also means that any interest in the Point-a-Pierre refinery would be lower. Guyana is now an energy hot spot and with recent discoveries in Suriname, both countries have some thinking to do.

Fossil fuels will remain a dominant business for some time but it is in what many see as a sunset industry.

The Great Reset is no joke.

Bull chit

As long and power generation, shipping and airline industries can find alternative ways to power their vessels , fossil fuels are are to stay.

All this is just rubber talk and show

[Redress10]

Zooom lots of industries are simply luxuries and not necessities.

Facebook creating the metaverse and also other Vr software. Soon there will be nothing stopping you from having your VR office in paris while you are working out of a compound in Sea Lots. So things such as tourism going to be impacted. If vr becomes so good that you can't tell the difference between that and reality then there is really no need to actually go there to experience it.

You may not need to ship if you can locate factories closer to home. Amazon is already expanding worldwide so don't be surprised if manufacturing also becomes fluid and on a needs basis.

Remember the concorde died when the internet became faster. There was no need to fly from Europe to US for conferences and meetings anymore for execs.

[hover11]

Trinidad had years to diversify yet all we did was say the word and depend on fossil fuels and natural gas the world is advancing. Oil is no longer a need so don't expect another oil boom unless of course a war breaks out. We have ourselves in this position, probably now under pressure we will make the necessary moves to wane of oil yet it is the fabric that holds our yearly budgetary allocation

[FuadAdnan]

Trinidad had years to diversify yet all we did was say the word and depend on fossil fuels and natural gas the world is advancing. Oil is no longer a need so don't expect another oil boom unless of course a war breaks out. We have ourselves in this position, probably now under pressure we will make the necessary moves to wane of oil yet it is the fabric that holds our yearly budgetary allocation

What moves you expecting?

[sMASH]

Zoom right. Petro industries not going dead any time soon.oil and Gas will still be big business for some time. But there is a push to go green and there will be some market displacement, but not for some time.

If u have oil and gas now, u can still make money now.

Kext ting sheit kicker push this tale from. The mailbox to hide that the explores not willing to explore for deep Gas and pulling out.
And he gonna let the green summit take the fall.

[MaxPower]

Gosh allyuh Trinis love to panic eh?

[Redress10]

Zoom right. Petro industries not going dead any time soon.oil and Gas will still be big business for some time. But there is a push to go green and there will be some market displacement, but not for some time.

If u have oil and gas now, u can still make money now.

Kext ting sheit kicker push this tale from. The mailbox to hide that the explores not willing to explore for deep Gas and pulling out.
And he gonna let the green summit take the fall.

Oil and gas not going away anytime soon but that doesn't mean it gonna benefit you. The majors such as Saudi Arabia and Iran are still going to be the go to for the supply and the smaller producers will find it hard to get investment etc because they can't supply enough quantities to provide economies of scale.

So either way TT dead in the energy sector.

[sMASH]

cant sell gas if u have no gas to sell. a trini story

[88sins]

cant sell gas if nobody want gas to buy. a trini story

Fixed it for you

If you still in trinidad in 36 months
























































Yuh screwed up the arse with a blunt squared cylinder 48" diameter, sans lube, and are an involuntary participant.

[sMASH]

the smart ones gone guyana, where there is gas galore

[eitech]

So do we really have a climate problem or is this another conspiracy theory to push another global agenda?

[88sins]

So do we really have a climate problem or is this another conspiracy theory to push another global agenda?

Yup, there's a climate change problem.
Yes, there's always another agenda to push.

The real question is, which one these dumbasdogshit politicians hold as highest priority.

[eitech]

So do we really have a climate problem or is this another conspiracy theory to push another global agenda?

Yup, there's a climate change problem.
Yes, there's always another agenda to push.

The real question is, which one these dumbasdogshit politicians hold as highest priority.

I guess it all has to be coincidence.

[Redman]

What's the compliance of countries with these types of initiatives ?

At 20m bopd of which 11m is oil the US has massive interests in keeping the hydrocarbon sector profitable and in play.

How do they enforce this initiative?

financing oil and gas is tied to control of the resource....is control of the resource the issue?

It's a fact that development increases per capita energy use.
https://www.eia.gov/todayinenergy/detai ... ion%20(EIA)

Get up to speed with the commercial develop of alternatives that match hydrocarbons flexibility and convenience.
Like 5th gen small scale nuclear for ships....now get worried.

We should go nuclear

[Dohplaydat]

Putting personal feelings about Rowley aside for a bit, he made valid points in his speech. Essentially, our energy sector is on borrowed time. It seems many are divided on Natural Gas as it is non-renewable but it's a cleaner fossil fuel that coal and oil.

This also means that any interest in the Point-a-Pierre refinery would be lower. Guyana is now an energy hot spot and with recent discoveries in Suriname, both countries have some thinking to do.

Fossil fuels will remain a dominant business for some time but it is in what many see as a sunset industry.

The Great Reset is no joke.

Bull chit

As long and power generation, shipping and airline industries can find alternative ways to power their vessels , fossil fuels are are to stay.

All this is just rubber talk and show

You are right.... But only in the short term. Unless war breaks out the demand for oil will continue to fall.

Of course there'll still be large consumption but prices of oil and gas would be cheap.

Oil boom days seem to be gone forever

[Dohplaydat]

So do we really have a climate problem or is this another conspiracy theory to push another global agenda?

Anti vaxxers become climate change deniers now. Not surprised.

[pugboy]

don’t fear economic downturn too badly
look at how jamaica has been able to manage over the last few decades and they still alive

[hover11]

Climate change has been an issue for decades and nothing was done in this country to reduce our carbon footprints . As society developed it will have a negative effects on climate change. Who is this man trying to fool he don't even care about the citizens of this country far less for climate change.

Hold that thought gonna jump in my ICE vehicle to head to the grocery 5 mins away while I leave all my 3 air-condition units on so the place nice and cool when I return

[eitech]

So do we really have a climate problem or is this another conspiracy theory to push another global agenda?

Anti vaxxers become climate change deniers now. Not surprised.

Lol dont get your thongs in a knot. It too early to be wrong twice

[Dizzy28]

All the climate activists refuse to acknowledge the only way to achieve the goals of net carbon zero while keeping energy use consistent and growing for necessary economic growth is nuclear. Renewables will not achieve it.

However for Trinidad with no strategic depth in land size I don't know I'm comfortable with us playing in that game nah

What's the compliance of countries with these types of initiatives ?

At 20m bopd of which 11m is oil the US has massive interests in keeping the hydrocarbon sector profitable and in play.

How do they enforce this initiative?

financing oil and gas is tied to control of the resource....is control of the resource the issue?

It's a fact that development increases per capita energy use.
https://www.eia.gov/todayinenergy/detai ... ion%20(EIA)

Get up to speed with the commercial develop of alternatives that match hydrocarbons flexibility and convenience.
Like 5th gen small scale nuclear for ships....now get worried.

We should go nuclear

[88sins]

What's the compliance of countries with these types of initiatives ?

At 20m bopd of which 11m is oil the US has massive interests in keeping the hydrocarbon sector profitable and in play.

How do they enforce this initiative?

financing oil and gas is tied to control of the resource....is control of the resource the issue?

It's a fact that development increases per capita energy use.
https://www.eia.gov/todayinenergy/detai ... ion%20(EIA)

Get up to speed with the commercial develop of alternatives that match hydrocarbons flexibility and convenience.
Like 5th gen small scale nuclear for ships....now get worried.

We should go nuclear

Two major issues with this
One- we could barely maintain a water processing system, is a nuclear power plant yuh want?
Two- even if it were a viable option (and it's not because honestly this country too small for nuclear to be a cost effective option), when time to dispose of the waste, where we putting it? What it gonna cost to pay to dispose of it? And if there's a leak in that waste, what's it going to cost to clean up, if it's even possible to clean up?


This country, we can do our part and make a big difference in reducing our carbon emissions. A simple thing like promoting solar power for residential homes, by simply removing the taxes on the importation of items used to generate and store solar energy. If not, there's the option to issue a grant to homeowners for part or all of the cost of equipment. People would jump on that.

But we here too busy with kissing uncle sam arse, and uncle sam done do a whole lot of dirt to ensure that oil controls the global economy and he really doesn't want that to change if he can help it.

[zoom rader]

Climate change has been here from the beginning of time.

The earth goes in phases, we have had the hot cooling down stage and then the Ice age. We are now heading to another hot stage which will be followed by another ice age. Scientists have explained all this before which takes thousands of years to complete a cycle.

All this climate change and blaming it on fossil fuel is just bullchit for alternative energy companies to make money.

[eitech]

Climate change has been here from the beginning of time.

The earth goes in phases, we have had the hot cooling down stage and then the Ice age. We are now heading to another hot stage which will be followed by another ice age. Scientists have explained all this before which takes thousands of years to complete a cycle.

All this climate change and blaming it on fossil fuel is just bullchit for alternative energy companies to make money.

Always about money.