The New Geopolitics of Oil.

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Production: Hubert Walas
Research & analysis: Jakub Knopp
Video production: Łukasz Szypulski
Voiceover: Hubert Walas
Music: Cody Martin - The Grid
Sound realisation: Dominik Kojder
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#oil #russia #saudiarabia #iran #iraq #usa #argentina #kuweit

[@GoodTimesBadTimes]

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[@lif3andthings763]

“Gwuarantee” your accent is hilarious

[@ArmyRangerSJ]

Many of the old oil and gas wells are leaking, the one in pennsylvania is especially concentrated So much money seeping into the air every year

[@r.guerreiro140]

Please, do never again call hydroelectricity "green" Being renewable is one thing. Being green is another, and there's nothing more environmentally catastrophic than a hydroelectric plant It's a bizarre source of energy and must be banned

[@denniskrust2137]

You 'proxy war' nonsense just cost you a viewer and subscriber.

[@Microphunktv-jb3kj]

39:40 - i disagree... lithium demand will not grow 800% by mid century... japanese scientist have already solved the battery problem wich was up 40 years... new batteries will be palladium based , wich will be revolutionary tech the battery lifespan compared to lithium ... is like 3million km on cars... comparted to teslas lithium battery life span of 120 000 km but the tech is currently so large, so its not mass consumer product , they estimate it will take 15~ years to become viable mass product

[@jordibt1789]

The OPEC Oil embargo didn't happen because the 6 days war but after the yom Kippur war

[@The_ZeroLine]

The Arabs always throw tantrums after their latest attempt to “remove” Israel fails.

[@drbuckley1]

The embargo was a bonanza for domestic U.S. energy producers. Nixon had a lot of pals in the Texas oil patch.

[@Wickbam1985]

The 1973 embargo was not the first one. There was indeed an embargo organized by OPEC states in 1967 in response to the Six Day War. The 1973 embargo was also partially a response to the US leaving the gold standard. By means of a mass embargo in '73, the OPEC states sought to obtain a "true" market value for oil bought and sold in USD.

[@drbuckley1]

@@Wickbam1985 "OPEC" did not embargo oil; the Arab oil producers boycotted the West in 1973. Iran, among others, did not embargo oil and indeed sold oil to Israel during and after the Yom Kippur War.

[@shafsteryellow]

​@@drbuckley1 well israel did support them against saddam in return

[@orboakin8074]

As a Nigerian, I can't argue with your objective observations regarding my country and Africa as a whole concerning our oil sectors. It's genuinely depressing.

[@LK-jl3pc]

Yes, this is sad and frustrating to watch many countries. As for Nigeria, what would you consider the most important step(s) for them to take to improve the situation, and make them at least prosper during the end period of oil?

[@phoenixmetazoa]

​@@LK-jl3pcWithout a complete restructuring of the economy and society, that prosperity will never reach the people. Oil only benefits the oil companies and whoever they pay taxes to unless they invest the money into civil programs like Rockefeller did with schools and infrastructure, or Norway and the Saudis did with socialism

[@Microphunktv-jb3kj]

.. in africa it's always the "oil is curse" , not a boon. because very corrupt countries and socialist infrastructure sucks in africa, because people themselves literally avoid paying taxes... i dont remember wich EU study it was, but in many countries 60-70% people literlaly dont pay taxes because so widely cash ran societies...

[@orboakin8074]

@@Microphunktv-jb3kj well said, friend. It's mainly because of how broken our institutions, governments and even cultures are. Poor institutions and governments leads to lack of good leadership, corruption and policies. Our culture and tribalism hinders stability, limits trust and socioeconomic development. That is sadly why even tax collection is so pitiful. Even when we do pay taxes, hardly any of it goes towards development or infrastructure and this breeds more mistrust. The only exception I have seen in all of Africa is Botswana. The west has corruption but at least theirs works for their society and is not malignant as ours. The Dolton Mayor is a perfect recent example but at least her corruption hasn't crippled the village she was elected in and she is being prosecuted.

[@cristi1145]

funniest thing is us europeans blame africas bad situation on corrupt leaders (which is also true) but the same companies that pay off african leaders and commit atrocities there lobby our european politicians so they can keep getting away with it

[@stevendavis4116]

The idea of carbon capture machines is ridiculous. People need to quit trying to reinvent the tree.

[@yedrellow]

A tree's carbon storage potential is limited by its weight, which means you get limited by surface area. We already had geological time periods with extreme tree coverage, it's called the carboniferous. That's partly what the industrial revolution burned through when it used loads of coal. As carbon is getting pulled out of geological storage it should eventually be put back in. Otherwise there just isn't enough surface area

[@stevendavis4116]

@@yedrellow We could have a ton of tree farms and then use a lot of lumber. This obviously isn't going to be enough to stop climate change. We need to reduce our usage of stored carbon as a top priority... but for carbon capture (to the extent that that can be helpful), it's obvious that the answer lies in flora. I'm skeptical that we'll ever invent a machine that pulls carbon out of the atmosphere using less energy than was generated when we put the carbon there in the first place. Until we have totally renewable energy, carbon capture machines are like building diesel engines whose only purpose is to convert their own fuel into solid blocks.

[@jameschristophercirujano6650]

​@@stevendavis4116The answer is algae in the oceans. Water is a good way to make sure Carbon doesn't escape the surface. There's a reason why swamps, bogs, and mangroves are among the best carbon sinks. Industrial tree farms just don't do it, trees grow slower than Algae.

[@stevendavis4116]

@@jameschristophercirujano6650 I love it!

[@jimthain8777]

Actually I think that if the world really wanted to capture CO2 there is a cost effective method that does exist. It uses a simple chemical reaction. The trick is to extract and send into the oceans enough of that mineral to make a significant difference. The mineral I'm talking about is LIME. With giga-tons of lime put into the oceans, they will absorb more carbon than you can imagine. Lime turns CO2 into Calcium Carbonate, which is a very useful thing for ocean life.

[@ringsaphire]

Putting Russia and Australia in green? What a joke. Also half of usa is dependent on black gold, good luck converting them - not to say about Shell, BP, Total...😂 😂 Their countries might try to go green, but they will let the companies go black everywhere else.

[@ihl0700677525]

*ALL* of US used to be heavily dependent on oil just 20-25 years ago, so now that "half" is no longer so, means quite good progress.

[@ValMartinIreland]

All of America is dependent on fossil fuel.

[@bellakrinkle9381]

This world can not function only green. Oil is required to manufacture many needed products.

[@Ikbeneengeit]

Oil sanctions against Russia are effective. If they weren't, why would Russia complain so much about them?

[@KuleRucket]

Plus they could be a lot more effective if enforced properly

[@Hey1234Hey]

Russia is growing faster than EU. It's useless...... They are just saying it's annoying at best.

[@Swiplys]

India buys oil for the same price, blends it and resales to the US and Europe. We pay more, they still get their revenues. How is that effective?

[@sjoormen1]

@@Swiplys they get less. India is paying as low as it can. Small profit for russia, if any.

[@MM22966]

I am NOT an expert, but what little I do know has to do with price of extraction and transport. It is both more expensive and harder for Russia to get at its reserves and move them to market in normal times. Sanctions may be pushing these costs to uneconomic levels, or at least levels that see little return on investment...which hurts when you are also trying to fund a war.

[@Stephen_Baker]

Just a side comment, so pls feel free to ignore - the vocabulary here is excellent. The accent is not British-English or American-English but it works just a well if not better and trumps any accent. The English language is indeed a glue that binds the world (ie., us) together. Congrats!

[@bellakrinkle9381]

Indeed. I'm becoming burned out on the accent of the Brits. This is refreshing.

[@amanverma7033]

Its not like that game of oil will end soon i think i will atleast take 50 years to do that

[@normieloser6969]

But we are past peak oil. That is huge

[@dominuslogik484]

​@@normieloser6969true but we really need to take our time and get off of oil dependence properly. Panicking and destroying the global economy by trying to eliminate it within 10 years like a lot of political groups push would just destroy everything for no gain.

[@normieloser6969]

@@dominuslogik484 There *is basicly no one with power that plan to just shut off oil/gas usage and production in 10 years no matter what. Most have set goals and timelines for huge investment into change of all infrastructure and thought processes to achieve as much as comfortably possible

[@dominuslogik484]

@@normieloser6969 trying to outlaw the production and sale of gasoline vehicles by 2030 was actually attempted. There are a ton of people in power trying to push these kinds of things they are more stupid than you think.

[@The_ZeroLine]

Yes, but the days of countries like the US being able to support a dozen countries’ entire economies just via energy demands are long over. Now, the only major energy importers are countries like China and India, which aren’t willing to pay much to avoid using coal.

[@arturasp9738]

It's stupid to forecast that Developing countries will follow the same pattern as developed countries did in 20th century. Most of developing countries didn't do horse post, or landline phones & fax, they jumped right to digital cellphone Internet & coms. Same will happen with electrification, they might even overtake usa and EU on this.

[@paulbo9033]

This. Developing countries have already proven in energy that they jump straight to adopting the latest - i.e. renewables and related tech. For the most part there is no legacy O&G industry for them to worry about and renewables is both a growth sector, and is much cheaper than building out / accomodating O&G, and renewables is also basically tech so cost curves drop fast. Put another way: why would I build high polluting, high CAPEX & OPEX LNG & oil terminals, midstream infrastructure, and gas fired power plants, when I can just build a bunch of non polluting, local job creating, low CAPEX & OPEX solar and wind capacity, and maybe even export the surplus to developed countries and neighbours. Bonus, I also don't need to worry about the next war the US foments affecting my fuel supply and energy security.

[@Gelatinocyte2]

Here in the Philippines, our geothermal and hydroelectric power plants already got us mostly covered. It is truly absurd that, just because we are a Developing Nation™️, that we would go crazy for oil - that we would have to go through antiquated stages of development that the West had gone through in the past. The _Nuclear Scare_ in this country is still a big problem to deal with though...

[@zandaroos553]

@@Gelatinocyte2Coal and Oil is still over 90% of the Philippines energy consumption, and as car ownership increases that’s also going to increase demand. Yes developing countries are going to transition faster but large-scale renewables transitions are really costly to set up even though their cheap to run - so there’s a bit of a price barrier for most countries that takes until around the $10k GDP per capita mark to really get over. Like I’m an energy economist in the U.S. and we are finding it cost-ineffective to transition over what we call “low income energy deserts” (aka areas with poor renewable energy yields and relatively low household incomes) because transitioning from gas power generation to renewables would cause electricity prices to rise to a politically untenable point. A lot of parts of the world also fit the LIED bill as well. And don’t get me started on battery storage. Costs absolutely BALLOON there.

[@BramptonAnglican]

The problem is developing countries are in debt and renewable energy is expensive

[@Gelatinocyte2]

@@BramptonAnglican explain how the Philippines manages to have a bunch of wind and solar

[@righteousviking]

If any of y'all ever hear someone seriously claim that green energy can challenge "fossil fuel," and he doesn't mention nuclear, laugh in his face.

[@MM22966]

They gotta get over the regulatory hurdles and green smear campaigns first.

[@paulbo9033]

Nuclear is a tiny part of the overall GW power mix. solar and wind is many times higher. It's easy to see that nukes won't be a significant part of the mix going forward because you can just look at the number of plants in the pipeline. Even just at the proposed stage without permits, let alone financing and construction, it is no where near being a contender against solar and wind. The levelised cost of renewables as well as the cost curve drops way faster than nukes so it's basically impossible for nukes to make sense Vs solar & wind, hence so much installed capacity of the later. That said, nukes primarily compete against gas and grid scale storage as base load energy (as opposed to variable of solar & wind). In this regard, again it's not competitive Vs gas (way way way more GW of gas in the mix) and although grid scale storage is in it's infancy, the cost curve trajectory is dropping fast so will inevitably surpass nukes in GW. Thanks for coming to my TedTalk.

[@MM22966]

@@paulbo9033 Hmmm. I am only barely competent to debate this, but it seems like there are a lot of assumptions going into this. Things like better tech or de-regulation may make nukes more cost-effective. Solar and wind is only effective where there are good places to harvest it. Renewables also have a lot of distro/collection systems that are not always included in these cost-estimates, whereas nuclear is "power from a box". It is convenient, powerful, and localized. Places like France, for example, are heavily invested in nuclear, and do not seem planning to stop.

[@paulbo9033]

@@MM22966 like I say, let us know which are the main countries you're concerned won't meet their transition targets?

[@MM22966]

@@paulbo9033 Hmmmm. Japan and Germany? (guessing) They both want to get rid of nuclear and go green, but both are far too northerly/densely populated to make it as easy to go to renewables.

[@The_ZeroLine]

It’s always good times when GTBT posts a new video.

[@The_Joker_1940]

@@stillness0072 Well it really depends if it's a positive or negative subject

[@detective_solar]

@@stillness0072 nice one!

[@mohmah6887]

correction: the Six-Day War is the war of 1967 not the war of 1973

[@michaelsheridan3717]

GWARANTEE

[@Kikas_clemente]

“OPEC CARTEL” caught me off guard

[@calc1657]

That was a comprehensive overview.

[@theMOCmaster]

Not half the budget deficit, half the trade deficit

[@nilaychaturvedi5243]

At 25.30 minute it's wrong assertion that only USA nd China hv tendered renewable energy above 50 GW as INDIA has tendered renewable energy of 64 GW in year 2024. 👍

[@lipingrahman6648]

We as a species could have made oil less important maybe obsolete by now by putting more effort in nuclear power. The rest of this “green” tech will be remembered as a waste of time and money.

[@wills.5762]

We use oil for much, *much* more than fuel. Youve never gone a day without interacting with a product made with oil

[@lipingrahman6648]

@@wills.5762 there is a massive difference in use between using it as fuel as opposed to a chemical agent. Had we kept innovating and building on nuclear power the amount of oil we’d need for petrochemicals would be but a little fraction of how much we burn every hour. But due environmental superstitions we’ve kept a primitive technology that by all rights should have faded in a century like whale oil. The money wasted on this “green” junk is also just stupid.

[@duckpotat9818]

It won’t. Uranium and Thorium like oil and coal will only get more expensive to mine as we deplete the easy sources. Even if that takes a few hundred years. And remember our energy needs will only increase. They’ll never go away* but at a point you’ll be digging so deep you might as well use the geothermal energy there. I expect deep geo thermal to be next big source after nuclear fission. Solar Panels will only get cheaper and the sun won’t go out for billions of years. *if we have Nuclear Fusion then all else might become useless. Sams goes for space solar.

[@lipingrahman6648]

@@duckpotat9818 I wouldn’t hold my breath for fusion power, if we could dig that deep then for the next four billion years we would be good for power.

[@duckpotat9818]

@@lipingrahman6648 we’ve already dug experimental boreholes with near boiling or boiling temperatures. The Soviets dug one up in the 70s. And at many places this happens at shallower depths. I think we’ll have deep geothermal by the end of this century at least in suitable places (think Japan of California). And we won’t necessarily be good for billions of years. Once you’re using that much energy you have to worry about thermal pollution. Not the gases keeping Earth warmer by trapping more heat but us literally producing too much waste heat. Then we’d require some more extreme geo engineering or orbital engineering to fix that.

[@joehutmacher3323]

In 50years the green landfills will be ecological problems that will dwarf our current ones. Conservation is the solution but it does not benefit the politically connected bureaucracy.

[@Zweig09]

In 14' the arab countries imposed an embargo and exerted pressure during the October War of 1973 not the 6 days war of 1967.

[@jimthain8777]

This may come as a shock to the producers of this fine documentary, but for the first time in decades, China's fuel oil imports FELL 11%. I expect this trend to continue, and Chinese oil imports to shrink even more over the next decade. This poses a huge challenge for the oil industry which as your documentary points out expected increases in Chinese oil imports. Furthermore, Ethiopia one of the more populous countries in Africa, has now banned the import of gasoline vehicles. They produce a lot of electricity, and will for domestic political reasons be pushing electric transportation in their country. On top of all that there is a growing movement to alternative electric transportation. (Things that are not personal automobiles.) I expect other surprises that the oil giants haven't seen coming that will drastically affect their future profits, unless they choose to join the energy revolution in a meaningful way.

[@ringsaphire]

They already are well into the "revolution" as you say it, but they are slowing it down instead of speeding it up; they just plan to milk that oil cow for all that she's worth until the last second. Only then will they move on fully to other profittable pastures. They can afford it - we can't. Also, gaz might tank in the mid to far future but not in the next 5 years and in the meantime the market for plastics will soar, with 50% to 100% estimated increase in demand within the next 10 to 15 years. As well as other derived products from fossil fuel. We are playing a long game, and it's not a fun one.

[@Health-Blitz]

China's Oil Imports Probably Fell Because they imported lots of Russian Oil on the Black Market Which Isn't Accounted For in the Actual Figures. So Actually, China's Oil Imports are Still Rising Every Year

[@bristoled93]

@@ringsaphire Who's "we"?

[@EinFelsbrocken]

50min? I am going to enjoy this.

[@hudooguru2]

Fantastic content. Thank you.

[@howtoappearincompletely9739]

Great research, Mr Knopp, and great narration, Mr Walas.

[@Zyzyx442]

Daniel Yergin the prize is very good. Also commanding heights.

[@mycellphone4437]

Yergin is the go to source for anything hydrocarbons.

[@FelipevonMontfort]

Oil isn't going anywhere for a long time yet.

[@redblacktichy7713]

Oil will be over within a decade

[@craiggillett5985]

Fantastic report. Watching from New Zealand 🇳🇿 and I see what you did with poultry 🐔, nice work

[@wills.5762]

Hey my guy, the U is just there for decoration in the English pronunciation of guarantee, typically its pronounced "gare-ant-ee"

[@The_ZeroLine]

It’s patently absurd that most developed countries aren’t already powering at least 75% of their grid via nuclear power.

[@AL-lh2ht]

nuclear power is the most costly form of energy.

[@MM-un3ob]

​@AL-lh2ht It is not. You are lying. Cite sources when you claim such bull$H!t. That being said, aside from Ukraine, I am not aware of any source of Uranium that Europe could use without having to rely heavily on Africa.

[@simmansu]

Куда хоронить отходы? Да их немного. Да часть можно переработать. Но высокоактивные, тепловыделяющие отходы всё ещё остаются. Их нельзя захоронить - соляные, гранитные пласты пропускают воду. Их нельзя запустить в космос - каждый сотый запуск аварийный. Остаётся только складировать на поверхности дабы отходы находились под постоянным контролем и обслуживанием. Но это невероятно дорого. Ведь нам придётся обслуживать склады отходов ВЕКАМИ и ТЫСЯЧАЛЕТИЯМИ. Уж лучше сжигать газ.

[@ayathados6629]

​@simmansu this is a moot point russian bot. There are plenty of places that are unoccupied and the amount of waste produced is going to be absorbed by 30 out of the 300 potential locations. Nuclear energy is safe, the waste can and has been safely dealt with for the last 80 years. Enjoy your +1 ruble

[@effexon]

@@MM-un3ob is that nuclear supply chain one of key points .... european countries would need 50+ years of stable relations with countries having uranium mines and refineries. otherwise it is too risky and waste of building... other forms are still available shortterm much cheaper. russia was among biggest suppliers for europe both of those aspects. Kazakshtan is now for raw uranium ore. Africa is another but government coups are not good for longterm trade. of course it can be bought from global markets too.

[@brexistentialism7628]

Business cycle theory. Next up: AI, surface physics and nanotechnology.

[@casualp8562]

Surface physics?

[@DR-iu3pe]

Fossil fuels aren’t going anywhere any time soon, and it’s beyond ridiculous to artificially mandate such a transaction. Cleaner emissions thanks to better filters and reforestation are making the industry far less polluting and the global increase of prosperity due to cheap energy is more than enough of a payoff. Green energy is a rich country’s fashion, and who suffers the most when it’s imposed are the less affluent across the globe.

[@deepblueskyshine]

Replace oil with pharma in the Rockefeller's quote and you've described modern days economy.

[@adetiloyecontinental1725]

Can you do Geopolitics of Food?

[@Chris-op7yt]

it's exploiting a limited source of energy that everyone is made deprndent on, that makes for our volatile world of superpowers. also keeping some others who have the resource out of the superpower monopoly market is key.

[@sanchezpires9042]

@gtbt, congratulations for the great job!

[@alexsokhin1814]

Really love to see another big material from GTBT, thank you dude

[@electrosyzygy]

An often overlooked motivation behind the push for 'green energy' solutions has more to do with geopolitics and military concerns. For example Europe is not blessed with hydrocarbons, unlike the 2 powers it is stuck between. Militaries need oil--it is one thing to power a car with a battery, but it won't do for a tank or fighter jet. Countries that must import oil to power their war machines are not truly sovereign nor secure and incur great costs so reducing civilian and arguably frivolous uses of oil allow for a more resilient military-industrial complex and power projection.

[@MM22966]

They like green tech, right? Tell them to convert their tanks to wood-alcohol burners like the Germans tried to do in '45!

[@mishmohd]

THANK YOU. That’s what I have been saying for ages.. Europe can’t stand not being the upper hand in that economic exchange and this is all but a lash out by another name.

[@موسى_7]

​@@MM22966 Dude, they don't need clean tanks. If they have clean cars, they'll have more dirty fuel left for tanks, get it?

[@marcoliebl3715]

Well as a German I can say that even if we had a decent amount of tanks or jets, they would not work or shipped off elswhere, so I am not worried about not having enough oil to operate them xD

[@MM22966]

@@marcoliebl3715 Seem to be working fine in Ukraine!

[@robertab929]

You should also mentioned about Polish inventor Łukasiewicz Jan Józef Ignacy Łukasiewicz (1822 - 1882) was a Polish pharmacist, engineer, businessman, inventor, and philanthropist. He was one of the most prominent philanthropists in the Kingdom of Galicia and Lodomeria, crown land of Austria-Hungary. He was a pioneer who in 1856 built the world's FIRST MODERN OIL REFINERY. His achievements included the discovery of how to distill kerosene from seep crude oil, the invention of the modern kerosene lamp (1853), the introduction of the first modern street lamp in Europe (1853), and the construction of the world's FIRST MODERN OIL WELL (1854).

[@imcbocian]

Materiał nie jest o rozwoju przemysłu naftowego w Polsce, a Łukasiewicz miał zaledwie lokalne znaczenie w tej kwestii. W czasie gdy on pracował nad metodą destylacji ropy, w Stanach Zjednoczonych naftę pozyskiwano już na masową skalę z węgla. Jego osiągnięcia były więc udoskonaleniami, ale bez globalnego znaczenia dla sposobu w jaki przemysł się rozwijał. A o tym jest to video.

[@robertab929]

@@imcbocian Bajki opowiadasz. Doczytaj

[@imcbocian]

@@robertab929 pochodzę z Gorlic, pracowałem w lokalnej rafinerii, wiedza na temat działalności Łukasiewicza jak i historii okolicznego przemysłu to część mojej kultury i dziedzictwa. Wybacz ale nie będę traktował poważnie rad abym się w tym temacie dokształcił od randoma w sieci.

[@ekesandras1481]

@@imcbocian in the German Wikipedia article about Kerosin, his name is mentioned de.wikipedia.org/wiki/Kerosin#Geschichte

[@Owl350]

Everywhere electric cars are sailing too fast for this to be the truth ! There's even ways of getting over a million miles on an electric vehicle . One thing you can never do with a combustion engine .

[@EdT.-xt6yv]

Praying to all gods that the fusion reactor is ready circa 4001😎

[@guydreamr]

Sure, given that's only 30 years away. 😂

[@Megalomaniakaal]

@@guydreamr The positive thing is the meme has changed from 'just 30 years away' to 'just 15ish years away'.

[@MM22966]

@@Megalomaniakaal 15 years away every 30 years... I kid. I hope there is a breakthrough. A REAL breakthrough.

[@guydreamr]

@@Megalomaniakaal Indeed. That said, the technology is definitely advancing, but basically at the beginning (and until relatively recently) it was oversold.

[@jasc4364]

Id fusion is not ready by 2100, mankind is done for.

[@ElMarcoh]

Funny they put a green leaf in australia which still uses coal

[@Volition1001]

Please do a video on data becoming the new oil

[@delavan9141]

I kept waiting for the title material to appear but it was just a long history recap I already well knew. Would help if there was a timestamp on when you started the "New Geopolitics."

[@dubsar]

Why is Russia inside the good place on the map?

[@Swiplys]

Cos they're profits are booming

[@dubsar]

@@Swiplys I mean, the MAP divides carbon-based energy markets from "clean" energy markets. Russia should be in the carbon-bases part of the map.

[@elinope4745]

Literally the prettiest women in the world come from there. It's the heart of human value.

[@Gelatinocyte2]

@@dubsar They just took the Global North vs Global South map and repackaged it as Green vs Black. Seems to me that part of the problem is: people think Green could only mean solar and wind, and nothing else. Here in the Philippines, we have a pretty decent geothermal and hydroelectric sector, and in the city where I live, we've just completely dismantled a fossil power plant like 5 or so years ago.

[@dubsar]

@@Gelatinocyte2 Doesn't Russia and China want a "multipolar world"? Then they should be together in a third part of the map, the losing side.

[@peterdollins3610]

The only real alternative to fossil fuels is Nuclear Power. High set up prices but long working to a hundred years & more by renewing power plants so far cheaper on the long run. An international body needs to have inspection rights for safety. Also needed is a carbon tax to be redistributed to the General Public.

[@mohmah6887]

the war of 1973 is 20 days of war the war of 1967 is 6 days of war

[@ValMartinIreland]

They cannot do without, there is no alternative. Wind farms are net consumers of electricity when measused over one year. Fossil fuel and nuclear are the only options, like it or not.

[@grafity1749]

24:38 Ambitious is something else 😂🤡

[@ViceCoin]

Post-oil, disaster insurance will be the best industry.

[@laujack24]

check out those benz ev car that burned down entire parking lot worth of cars in south korea lol.

[@ViceCoin]

@@laujack24 Coastal states like Florida and Texas have soaring insurance rates and condo HOA fees to upgrade flood protection.

[@ikeu6433]

Imma need video segments

[@user-wp6do2wg6w]

for energy oil replaced coal that replaced wood and so on. Replacement for energy can happen when a cheaper alternative appears like if we have better batteries. It had impact on WW2 but way smaller as Germans used coals to produce oil(there was shortage due to bombing the production sites) also this was way after it was clear who will win. Arab oil is cheapest to produce if they open up production the other producers cannot compete in market economy and that is why everyone with big stick shakes it there. The cycle is flood the market free competitors go bust, than reduce production and increase price till competition comes in again and when they do flood them again. The Ukraine war lead to decoupling Russia from the oil and gas market no one is depended on them at he moments

[@emirbenaissa3441]

Can u please cover the ukraine invasion in kursk?

[@ericdaoust391]

That’s the previous video.

[@jajajejehjune4301]

good job!

[@Ryanandboys]

Oil isn't going anywhere anytime soon..

[@paulbo9033]

This is demonstrably and observably false. Demand for Oil is dropping, and is set to drop enormously as transportation switches from Oil to Power. This shift is already taking place. There is a reason why Saudi is scrambling to diversify their economy, and develop its gas reserves.

[@DSHK-wb5cn]

​@@paulbo9033its not

[@paulbo9033]

@@DSHK-wb5cn it is. You can literally measure output over time, there are loads of companies that do this and publish the data including Upstream companies themselves. It's dropping, is continuing to drop, and will drop further. Go and look at the published strategies of listed O&G companies and Banks - they literally tell you what they are doing to manage this transition. It's happening whether you like it or not.

[@SarahStoner-e5p]

Garcia Larry Perez Christopher Gonzalez Eric

[@christiancummings6283]

Is this the same dude from Caspian report? Either way great content man. Thank you!

[@FKAS8410]

Just great. Really love your content.

[@FOLIPE]

South America has some of the cleanest energy matrices in the world...

[@grafity1749]

But also drills really much oil and fossil gas (For example Brazil and Venezuela)

[@juliansebastian]

Degrowth is not about halting development but about overcoming gdp growth as our main metric of progress

[@AL-lh2ht]

why lie?

[@PapaDalbec]

Sounds sus

[@Qnexus7]

that implies a huge restructuring of the economies, institutions, politics, etc. it will hardly be a smooth or constant in development ride.

[@موسى_7]

Unlimited desire, limited planet/universe

[@rodolphedrolet6994]

Joe capped all old wells and new pumps can get the half still down there

[@HTV-2_Hypersonic_Glide_Vehicle]

For now, the greatest resources are purified fresh drinking water, rare earth minerals, and fossil fuels

[@ianwilliams5435]

Love the channel. Thanks for the content

[@Youralwayswhining4367]

Middle east wounld have much without oil

[@misshapenwhale5045]

Our civilizations are addicted to oil getting off of it as soon as possible will give us true flexibility, and independence.

[@rogerk6180]

Technology disruption never happens gradually. It follows the well known S-curve. The next 15 years are going to be very messy..

[@Ravi9A]

powering autocratic regimes? as opposed to your clean energy out of aether?

[@BramptonAnglican]

Canada has lots of oil

[@valentinstoyanov304]

"The Prize" is one of the most interesting (and largest) 😊 books 📚 I've ever read.

[@50megatondiplomat28]

Oil is not declining anytime soon. Most of everything in your room is made of oil. Electric cars don't have enough range yet. Oil stocks are going to keep going up for the foreseeable future, no matter what the WEF says.

[@grafity1749]

Yeah all experts are false and only you know the truth 😂

[@raoSENSEI]

Muslims became rich. Unbelievably rich because of oil. I wonder how they will manage their economies in the future.

[@user-xh6ij4xs7k]

One thing, do you really thing oil will be phased out, since petrochemicals exists???

[@mikehardwicke23]

Get real - There is no alternative!

[@leoF_0312]

Remember that not every 3rd world country is an oil reserve. There are reasons in such countries to go renewables just to reduce dependence on oil, related to energy generation

[@Hollywood041]

Where are people, where are they going to be? I have no doubt that Africa, S. America and loads of Asia will use oil moving forward, but some of them can skip that step and go straight to a better alternative, the point is they will not have to be on Coal, and w/ a cheaper energy infrastructure (due to Eur/US using way less Oil) they will be able to save and move on to the next tech, quicker than The West was able to. Then we can focus on reducing that Carbon input over time and bring the climate back to a natural level that is not made into an absolute catastrophuck by humans. I'm pretty certain that this has been the COP agenda for 30years, since Kyoto, right?

[@user-uc6fo6lj1e]

Always look forward to your videos good stuff

[@jameskamotho7513]

Energy transition is an academic exercise in Europe. Nothing more, nothing less. They outsource their production elsewhere and now think they are 'transitioning'.

[@134343]

False. France did it since the 70s with nuclear and could go further with more renewables. Rest is now catching up with that, electric vehicles and other renewables. We are not there yet but once we transitioned we will no longer be dependent on Big Oil and foreign actors and are able to produce energy independently. Did you watch the video? The only reason we are not transitioning faster is because of propagandaand corruption from anyone that makes huge profits from the oil industry. That being mostly foreign countries and Big Oil.

[@jameskamotho7513]

@@134343 According to our World in data, France's total energy use is still at least 50% (30% oil, 15% gas)fossil fuel based, which is my point. Investment in nuclear makes a lot of difference though, it must be acknowledged.

[@stanleypotter6238]

Climate, climate, climate yap yap.

[@-r-495]

how are the Saudis going to cool their photovoltaic modules?

[@plw541ycn]

I already know this one is gonna be good

[@sandponics]

What about nuclear fusion?

[@GabrielLopes-yp7pj]

...Brazilian energy matrix, with 83.79 % of renewable sources in 2023: Am I a joke to you?

[@FemboyLegendGD]

China alone does more green energy investments than EU or US, in some sectors combined. This year alone, China planted more solar panels, than US has done in its entire history.

[@134343]

Yep their goal is to be the Big Oil of Green energy and technology. They know that electrification is the future.

[@laujack24]

you forgot to mentioned they build 2 new coal facility every week, soo clean. lol

[@J_X999]

​@@laujack24it's not about clean energy. It's about reducing foreign dependency

[@laujack24]

@@J_X999 dont change anything, china still import over 70% of its energy/raw material cobalt etc from over seas namely from middle east and africa.

[@calebrashama245]

My voice

[@dominickathiravel9453]

little heads up GoodTimesBadTimes, do use the phrase "black continent" as you have in 29:17 minutes into the video again. There are many africans who call themselves as such but are not black. This is just one of several reasons not to use the phrase

[@svenrio8521]

I think they meant to say "Dark Continent" as that is what historically used to refer to Africa

[@Gelatinocyte2]

Do or don't?

[@moezmedia98]

Better the oil cartel than the oil colonial companies

[@Azoonaloc13]

It's frustrating how few people understand just how fucked we are as a species. The tropics will be rendered largely uninhabitable in the coming decades, even if we were to completely transition to renewable energy within the next year. As that obviously isn't going to happen, if countries were to follow existing climate change mitigation goals; the human population will be devastated by global famines; due to wet-bulb temperatures (the human body cannot survive beyond a wet-bulb temperature of 35°C), not only will the tropics be unsuitable to human life but large swathes of India, Australia, the USA, China, Africa and South America will not be habitable for a large portion of the year. This is without even considering the effects of natural disasters and rising sea levels. Yet, these oil companies talk of running their operations for decades; and envision an energy transition not now, not this decade, but in the next 20-30 years. If they have their way billions of people are going to be dead, and it would take centuries to recover from the catastrophe that is rapidly heading our way in the next 2 decades. If you are under the age of 40 right now, you are more likely than not going to have your livelihood erased before you die because of these companies; any children you have would stand a better chance of surviving the first half of the 1900s then the second half of this century.

[@duckpotat9818]

@@Azoonaloc13 yeah many Europeans (inc Russians) and Americans act like they don’t have to care about climate change because it won’t affect them as much. They don’t think of what they’ll do when 3 of the worlds strongest nations (China, India and half of America) have nothing to lose. It would be an odd twist of fate if Europe and Russia end up being colonised by these 3. Not only that but in much of Asia Europe is a very convenient scapegoat for actually causing about half of historic emissions with no consequences.

[@icmull]

Doubt it

[@موسى_7]

​@@duckpotat9818 Think about the refugee crisis. That's what keeps Euros up at night

[@DSHK-wb5cn]

Theyve been saying that since the 1970s, my mom said that they told her in the 80s that florida was supposed to be underwater 20 years ago. Also, i really dont care what happens in 3rd world shitholes

[@dse763]

Welcome to Capitalism, guy !

[@nitrojoe2010]

pls more long videos. I love it

[@AdrianBoyko]

I sold all my black gold investments so I could reinvest in Texas tea.

[@BOIOLA08]

I hope it is green tea 😂😂😂

[@icmull]

You should put the books you mention in the comments so I can buy them. Might as well click your affiliate link.

[@rodolphedrolet6994]

The sun rips of atmosphere in solar flares just happened in August 2024 pagan calendar

[@elinope4745]

If it's the greatest business in the world, then it makes sense why so many lies and political narratives are told about it.

[@aryaman05]

41:00 Analyses on CN, India and SEA is wrong, this region is going whole hog on GE, they're taking a more balanced and pragmatic approach to achieve this, and are likely to achieve zero emission or go fully green just about the same time as the West - if not earlier.

[@MM22966]

Having seen pictures of New Delhi's' streets, I will believe that when I see it.

[@موسى_7]

​@@MM22966 Clean energy has nothing to do with air pollution. Energy isn't made in cities, but rather in power plants far from people.

[@MM22966]

@@موسى_7 Cars do put out a bit. When COVID lockdowns happened, parts of Europe saw noticeably clean skies because nobody was driving much (as an example)

[@ro.7427]

China saying they are going green and China actually doing so are two very different things. China is going in the wrong direction. They love lying about their progress to look good on the international stage. Go there. Look at the sky. That's not an overcast day there 365 days of the year. Thats pollution. I lived there a long time...

[@Gelatinocyte2]

Definitely earlier. Countries like Germany and USA are going backwards (or have gone backwards some time ago (hopefully not again)).

[@user-xh6ij4xs7k]

So, according to your map, Russia wll reduce its oil production and move to "green energy"?? What a clown.

[@gregoryturk1275]

Do you guys get shadowbanned?

[@StoweKennedy-h1n]

Brown Ronald Hernandez Edward Hernandez Jennifer

[@compassroses]

39:26 That crystal looks more like pyrite than lithium. Can anyone identify it?

[@HWQFish]

Bro I love your videos.

[@hazemhn91]

Lies and deception are presented in this vid

[@EsfandiarNokhodaki]

Nothing will replace oil. Imagine how many trees you have to plant in order to produce tires from tree sap or how much sugarcane you have to plant in order to produce fuel from sugarcane. Or how much cotton should you plant to produce cloth, or how many cows should you kill to make shoes and bags from cow leather? Oil makes everything easier and cheaper, so don't fool yourself. In Iran, we have stored oil in wells and fields inside the country or in the Caspian Sea for next 100 Years and we only use common fields in the Persian Gulf and near the borders !!!

[@Gelatinocyte2]

Assuming we're not going to transition away from cars as the dominant paradigm of commute. Also, it's much better to have fuel come from plants than to dig up carbon that's meant to stay underground! At least the carbon from plant fuel came from the same place as when it was growing as a crop: the atmosphere - and it can readily be assimilated by autotrophs; meanwhile, fossil carbon is of a different isotope that no plant on Earth can work with, and you're just adding it up massively to the atmosphere instead of recycling it (by growing plants, which use CO2 as food).

[@GlennaKeene]

Lopez Deborah Miller Mary Moore Daniel