The Guardian Demands Nationalisation of All Oil Companies Because Climate Change

Two offshore oil rigs off the coast of Huntington Beach, July 20, 2014. (Katie Schoolov/KPBS)

Guest essay by Eric Worrall

According to Guardian author Owen Jones, Extinction Rebellion aren’t being radical enough; demanding large scale nationalisation is the only way to stop an ongoing rise in oil production.

How to stop climate change? Nationalise the oil companies
Owen Jones

Fri 26 Apr 2019 03.35 AEST

If only the Daily Express was right. That is not a sentence I ever expected to type. “Extinction Rebellion protests have WORKED as MPs succumb to calls for change”, bellowed the rightwing rag. Alas, the government has not capitulated to demands to declare a climate emergency, let alone to decarbonise the British economy by 2025. But Extinction Rebellion has retaught a lesson every generation must learn: that civil disobedience works. Amid the spluttering of obnoxious news presenters, it has forced the existential threat of climate change on to the airwaves and into newsprint.

But as this phase of protest winds down, the demands must radicalise. With capitalism itself rightly being challenged, the focus must shift to the fossil fuel companies and the banks. As long as they remain under private ownership on a global scale, humanity’s future will be threatened.

Take ExxonMobil, which plans to pump an astonishing 25% more oil and gas in 2025 than it did in 2017.

So long as these sectors remain in private hands, they will continue to place short-term profit for elite investors ahead of the future of the planet and continued existence of humanity. They must be brought under public ownership, with a legal mandate to “green” the economy. One suggestion by the Next System Project is that the US government could create a community ownership of power administration, modelled on Roosevelt-era New Deal agencies. It would grant legal authority and funding mechanisms to buy back the energy grid and take over energy utilities.

But there are more radical solutions. Since the crash, quantitative easing (QE) has been used extensively, with central banks creating money to buy bonds from financial institutions. Why not use QE to buy a controlling stake in the fossil fuel companies? It has been estimated that the US has spent nearly $6tn on its post-9/11 wars. If it has the resources to engage in catastrophic wars, could it not afford to pay a small fraction of that sum to help save the planet from destruction? The same goes for the banks – except rather than nationalising the risks and privatising the profit, as the state did in 2008, they should this time be brought under democratic, accountable public control.

Read more: https://www.theguardian.com/commentisfree/2019/apr/25/climate-change-oil-companies-extinction-rebellion

Owen Jones is right that nationalisation would cause oil production to plummet, though not for the reason he thinks.

Part of the reason the Venezuelan economy cratered is they nationalised their oil industry. They replaced competent private sector managers with incompetent political cronies.

118 thoughts on “The Guardian Demands Nationalisation of All Oil Companies Because Climate Change

        • Reality Check for The Guardian:

          (1) Fewer people are reading newspapers every day; lost credibility;
          (2) Most people are watching Netflix, not MSM “nooze;”
          (3) Zero “workers” are going to be keen on freezing in the dark.
          (4) Folks who enjoy attending riots are the 1 tenth of 1 percent being paid by NGO’s.
          (5) No one’s going to remember this foaming rant by Sept. 27.

          Yawn . . .

    • This is as far as I read, and I stopped: “With capitalism itself rightly being challenged, the focus must shift to the fossil fuel companies and the banks. As long as they remain under private ownership on a global scale, humanity’s future will be threatened.”

      The biggest threat to humanity’s future is the LOSS of capitalism, the LOSS of private ownership of anything at all, and the LOSS of individuality. If there were a better way to send a growing civilization right down the drain into oblivion, the Grauniad has written the perfect formula for it: destroy capitalism and embrace doom.

        • Sara for president 2024. I like a different guy for 2020 – one who’s proven he can succeed against against an entrenched enemy who were believed to be unstoppable – and have been stopped dead in their tracks. Even forced to retreat on several fronts.

          MAGA!

  1. “Since the crash, quantitative easing (QE) has been used extensively, with central banks creating money to buy bonds from financial institutions.” I think that QE was an invention of the US Federal Reserve, and it was used twice. Is that “extensively”? If the author can’t even report this without exaggeration, why should we trust anything else he says?

    • I think it’s a pretty safe bet that if you nationalized the oil companies, carbon emissions would increase – not decrease.

      • Of course. The entire purpose of nationalizing oil companies, historically, was to ensure that all that oil money went to the governm… I mean, THE PEOPLE. Once the government is in charge of the oil companies, they will pump as much as possible to maximize revenue to the government. No government has ever taken over a profitable industry in order to shut it down, not even Venezuela.

        • That’s not the reason I was thinking. I agree they wouldn’t shut down; however it would emit more carbon because they would make it MUCH less efficient.

  2. They don’t put much thought into what they say do they?

    “… Extinction Rebellion has retaught a lesson every generation must learn: that civil disobedience works.”

    So if the other side of the argument decide that, “Civil disobedience works”….. What you have is civil war.

    Does this fool really want that?

    • Exactly my thought but this idiot wouldn’t understand the logic. My dog has clearer thought processes than these ignorami at the Guardian.

  3. Eric,

    What’s your obsession with the Guardian?

    In the 1980’s the USSR’s Pravda had similar kinds of propaganda. It spewed its lies out everyday.
    Anyone with a lick of sense knew it was 97% bullshit mixed with 3% truth to try to give it some cred.

    The Gruniad will collapse economically just like Pravda and the USSR did in 1991 because the Left is trying to sell bullshit. And in their deranged state, neither can they see it coming nor can they admit its imminent failure.

    • True. Pravda came west. When the Berlin wall came down, Me and my wife felt uneasy. We had the feeling that this was not all good news. We were right. They built it as the “ant-fascist” wall but when it came down all the nutters could come west, and they did so.

      The Guardian cannot be surviving on normal revenue. One or more of the usual suspects must be funding it.

      • The Guardian is propped up by a trust but is burning through the cash and could be gone within a decade. Can’t come soon enough.

        • Indeed. There’s a reason that every time I click on a guardian article* I get a banner ad begging for money.

          * usually only from a WUWT article about a guardian article – the Guardian should thank WUWT for the additional readership

          • To answer

            “Eric,
            What’s your obsession with the Guardian?”

            I can’t answer for Eric, but The Guardian has been described as “the BBC at prayer”. While it is financially non-profitable and hemorrhaging, it still both reflects and instructs the mindset of much of the current ruling class in the UK.

  4. This is exactly what this whole climate change scam is about .Take over the western world and put communists in charge ,Do away with capitalism and plunge the whole world into a deep depression ,BUT the Elite will go living as most of us have .
    If people can’t see what is coming they must be blind .

  5. All those climate zombies psychopaths should migrate to their beloved Venezuela and give us a break.

    Since there is a toilet paper shortage in Venezuela, they should bring their fake news papers with them :
    – it will be really useful there.

    • From an article I read in the really poor neighborhoods the street gangs issues their own currency made of cardboard, It’s may be worth more than Venezuela’s currency. Venezuela’s Progressive Socialism At Work.

  6. The sad fact is that the Guardian, like so many leftist media companies, are committed to a globalist socialist agenda. They use the fraud of Human induced catastrophic climate change to advance that agenda. They can not explain the Medieval Warm Period, the Roman Warm Period and the Minoan Warm Period all of which were warmer than today, and all of which occurred at CO2 levels far below the current levels. They ignore epochs when CO2 levels were far higher yet the global temperature was far lower than todays.

  7. This was always what the global warming scam was about.
    To take over the world by a world wide Communist Cult.

    • Bingo! You just said the magic words. Your prize is at the door. Try the roast beef and please tip the waitress on your way out!

  8. The Guardian seems to have a lot invested in climate change as a vehicle for political and social change…
    Oh dear, I see trouble ahead for the ”Guardian”

  9. These companies are international are they not? They’ll be long gone before the Grauniad stormtroopers arrive.

  10. The Guardian has zero influence outside the UK, in the places where most of the readership of this site are concentrated… arguably it doesn’t have much more influence in its home in the UK…

    so why all the articles here complaining about it???

    • Griff, I would have thought you would be celebrating that your fellow travellers in the UK no longer feel the need for incrementalism.

    • Why do you care Griff, besides until you pay us our reparations you CO2 criminal you are in exile

    • The BBC loves the Grauniad – it is compulsory reading for all BBC employees. It is the source of BBC fake news.

    • Griff,
      The Guardian is the BBC’s own in house rag. The constant nonsense it now projects echoes what the BBC say, they want it out there in every form they can muster. The Guardian will always be remembered as the most effective fire lighting paper you can buy, which is how it was described by a noteworthy individual at my schools end of term address. It was also good for wrapping fish and chips back then, but that role is now performed more effectively by a blank sheet of paper, I struggle to notice the change…
      For those not familiar with Owen Jones, he is politically left of Lenin.

    • “The Guardian has zero influence outside the UK”

      So why are many of the articles written by Australian journalists and why are many of the blog posters also Australian?

    • Oh Griffy, there you go again, misconstruing things. “Complaining about” is not the same as mocking. Learn the difference knuckle-head.

    • so why all the articles here complaining about it???

      Name me one complaint Eric made in his article. Just one will do. You can’t because he didn’t make any complaints. Highlighting something so that it can get the ridicule it rightly deserves is not the same thing as complaining.

    • Here’s similar musing in NYT magazine

      NYTimes
      The Next Reckoning:Capitalism and Climate Change
      Fixing the planet is going to be expensive. Can we stomach the bill for human survival?
      By NATHANIEL RICH APRIL 9, 2019

      The most fundamental question is whether a capitalistic society is capable of sharply reducing carbon emissions. Will a radical realignment of our economy require a radical realignment of our political system — within the next few years? Even if the answer is no, we have some decisions to make
      https://www.nytimes.com/interactive/2019/04/09/magazine/climate-change-capitalism.html

  11. When you see the author’s name is Owen Jones, just move on, there’s nothing worth spending any time on.

  12. Basically the Greens blackmail companies and say this: “unless you give us a lot of money/give into our demands we will create a lot of bad PR for you”. So in the past rich companies like Oil companies fearing bad press gave the greens money and went along with their daft ideas to keep away the bad PR. (Except – by the way the Greens hate it – I think Exxon did not).

    But the result was to make a lot of Green groups so incredibly wealthy that a few token gestures by oil companies and their ilk is now not enough to keep the Green blackmailers from their door.

    To be blunt: those who gave into the greenmail – are the ones who are responsible for making it grow and grow and demanding ever greater sacrifices be made to it.

  13. So called climate change has always been a ruse designed to justify a socialist takeover of the economy. This is just one more example.

  14. Owen Jones, like AOC, gets capitalism the wrong way round. Companies produce what we want – we are not forced to buy only what they choose to produfe. Bizarrely it is the latter they then advocate via state control.

    If we all choose not to buy what Exxon makes, Exxon will be gone in a few months. And that is the heart of the tyranny Jones and AOC and every socialist espouses – we have to accept what they want, not what we want. They dress it up in all sorts of different ways, but it all comes back to them wanting to tell us what we should want.

  15. Muppet

    Since the crash, quantitative easing (QE) has been used extensively, with central banks creating money to buy bonds from financial institutions.

    UK wise and from an article I didn’t bookmark (doesn’t take much searching) the QE he talks about has entirely backfired
    The figure I saw was£450 billion printed since 2008 her in the UK and what happened was that The Rich got richer and The Poor lost out and especially apparent in the housing market.

    Interest rates hit the floor and are still there.
    To try prevent another crash, mortgage lenders demanded big deposits, high margins over base-rate and high earnings. Borrowers could no longer get offers of 6-times their gross salaries.

    First-time buyers were shut out of the market and saving for a deposit was pointless, your money effectively lost value in almost all savings accounts they could access

    Rich folks (existing house owners with small or paid-off mortgages) saw cheap houses they could buy because the first timers were unable to buy. Their existing house became the deposit/guarantee and cheap money was fantastic for them.
    The thing *completely* backfired.

    So what happened..
    A new tax on ‘second homes’ – some of us would like to know where that money went and still is going.
    Wait, we *do* know where *some* is going – to help first-time buyers get onto the property market, by bunging them up to £100,000 help to buy a house.
    But only a small number and surprise surprise, all *that* did was to ramp up house prices even more.

    Thanks to QE, an entire generation has been shut out of the UK housing market (the so-called Millennials – my kids and yours probably)

    It also hit the old folks too, retirees coming to be dependant on their pensions saw their future incomes plummet because of the low interest rates – hence why the retirement age here in UK keeps creeping up.

    Of course Rich Property Owning Folks get old and die BUT, massive taxation upon death means they cannot give very much to their kids – the exchequer, solicitors, probate offices and legions of Govt. cronies in the finance industry get it all.

    If things REALLY were/are Better Than Ever – wouldn’t that ‘system’ I’ve just described be working the opposite way round to what it is?

    But what do we get, Flocks of Turkeys writing in Grauniad demanding Christmas comes early, if not every day.
    What went wrong, wouldn’t be because of something we ate/popped/drank/smoked/snorted by any chance?

      • I note that you omit to mention that from 1997 (Labour, T. Blair) until 2010, ie 13 years, the UK built a whopping 7,870 houses.

        The official data shows that the Blair and Brown governments built 7,870 council houses (local authority tenure) over the course of 13 years. (If we don’t include 2010 – the year when David Cameron became PM – this number drops to 6,510.) Mr Copley has contrasted this figure with the record of Mrs Thatcher’s government, which never built fewer than 17,710 homes in a year. – fullfact.org

        During that time more than 3 million immigrants arrived… looking for some where to live.

        Simple supply and demand.

    • ‘…property market, by bunging them up to £100,000 help to buy a house.’ Here in the States you only need 5% down to buy a house. Looks like we are headed for another housing bubble
      ‘…massive taxation upon death means they cannot give very much to their kids..’ Give it to the children before you die.

  16. Everywhere the stalinists, troskyists, maoists and madoroists are crawling out of the woodwork. When the hoax collapses and the great reaping starts by a serioously angry populace it wil not be pretty.

    • It is a characteristic mode of expression, an idiom if you will, that mocks a certain logic. Apparently you are not familiar with it. It works a bit better in speech than in print.

    • Carbon500, it’s a popular form of mocking expression. A notable example is the “because aliens” meme which mocks the “ancient aliens expert” Giorgio A. Tsoukalos who tends to explain “inexplicable” phenomena as the direct result of aliens.

  17. The Guardian isn’t famous for it’s financial acumen. 2017-18….
    Guardian on track to break even as company halves its losses

    Publisher reports smaller than expected loss of £19m as benefits of tabloid switch filter through – The Groaniad.

    They had to sell Autotrader magazine to keep themselves afloat and they dodged taxes by doing it offshore.

    Only Champagne socialists imagine that when a country is up to the gills in debt, it can go on a spending spree of nationalisations. Our loony Labour party wants to nationalise everything but the oil companies.

    You can see where AOC’s friends get their ideas.

    • Funny how the Graun rails against tax evasion, yet used the Cayman Islands to shield the cash from the sale of Autotrader from the Exchequer.

  18. Owen Jones is an extreme ‘independent’ journalist. He doesn’t really reflect the general views of the Guardian – but they like to have him for the entertainment and ‘challenge everyone’ approach – a political Monbiot?

    He used to be a big supporter / appologist for Venezuela.
    https://www.independent.co.uk/voices/comment/owen-jones-socialism-s-critics-look-at-venezuela-and-say-we-told-you-so-but-they-are-wrong-9155295.html

    But he’s gone quiet on it more recently. So how did he think Venezuela’s great socialist revolution was funded? By nasty capitalists buying its nasty oil, of course.

    We only have to look to his Venezuela to see what nationalisation of the oil industry would mean.

    • Quiet?

      He was busy taking down Sir Roger Scruton following the smears put out by The New Statesman’s deputy editor, George Eaton..

      Owen Jones 🌹‏
      Verified account
      @OwenJones84
      Follow @OwenJones84
      More Owen Jones 🌹 Retweeted George Eaton
      After his rampant Islamophobia, antisemitic tropes and gratuitous anti-Chinese racism, Tory advisor Roger Scruton has finally been sacked by the Tory Party.

      The Spectator’s Douglas Murray got hold of the original interview tape – boom!

      Something to celebrate for a change.

      • I meant quiet on Venezuela due to its ‘no longer deniable’ failures. But of course, its all the USA’s fault!
        I did see a recent clip where he was challenged on Venezuela. His reponse was simply divert to ‘what about Yemen!’.

  19. Apart from the old “know thy enemy” The Guardian has little interest.
    A prat such as Owen Jones is of even less interest.

  20. Thunberg’s mother is an opera singer of some repute. She’s sung around the world and has a massive carbon footprint. In fact, opera productions are hugely intensive in their use of energy, so is making films, putting on plays, etc.

    So to test all Extinction’s proposals, and their new found acolytes zeal for carbon cuts, let’s just stop all music, theatre and film shows until they can demonstrate zero emissions and see how that tests public support for the cause.

    It’s a zero consequential damage test and first step in the cause of saving the planet.

    • Perfect – a demonstration that the liberal elites can’t help but whine and cry about, but makes the point that their bullshit is always about controlling others, not really about “saving the planet.”

  21. The Guardian board either has had either a frontal lobotomy or hit the bottle.
    Reading it would produce either of these effects.

    Anyone here remember Persia’s Mossadeq? He nationalized Persia’s oil reserves and offered today’s BP a settlement. It was refused and he was assassinated. This, identified by John Perkins, in his book Confessions of an Economic Hit Man, as the first U.S. coup against a foreign country, was a British-authored and -designed operation, carried out through the good graces of the notorious Dulles brothers, Allen and John Foster.
    Oil is indeed a filthy business, nothing to do with “free market” and the cartel, with the global petrodollar system is well known. Nations are viewed as cartel subsidiaries – not allowed to develop industrially. This is driving Pompeo’s insane ravings against Iran today.
    Trump clearly campaigned against regime change wars, wars being fought by US soldiers on behalf of the Cartel. Pence clearly does not agree. Time to remind everyone of Mossadeq.

    • Why am I not surprised that you managed to find a way to segue into your patented the US is always bad paranoia?

      When exactly was the US supposed to invade Venezuela again?

    • I have to hand it to you, bonbon, you make an ex-co-worker of mine who use to go on and on about the Bilderbergers secret meetings that closed down whole city blocks (how the meetings could remained secret with such a public display and how he knew all about them if they were so secret were questions he never explained) and black helicopters look quite rational in comparison.

      You do realize every time you go off on one of your conspiracy fueled ramblings, no one takes you seriously. The laughter you hear is those laughing at you not with you.

  22. Despite the hype, there is no real evidence that CO2 has any effect on climate and there is plenty of scientific rationale to support the idea that the climate sensitivity of CO2 is zero. Hence their efforts, even if they did result in a net decrease in CO2 emissions, would have no effect on climate.

  23. You get the sense their doomsday plant food meme has failed so their true colours are showing now.

  24. Quantitives easing is a fancy name for the government printing
    money beyond the capacity of a countries economy. Its most famous case was the German Weimer republic in the 1920 tees when having run out of money the government just printed more.

    The result was that a worker needed a wheelbarrow to bring home his salary, yet by the time he got home its value had fallen so much that it would not eeven buy a loaf of bread.

    As too the suggestion that the “People” should nationalise the Banks and oil companies, perhaps that may be sufficient for such businesses with their deep pockets to pay for good propaganda to inform the general public as to the truth about the myth of Climate Change.

    MJE VK5ELL

  25. When are the fossil fuel companies going to call the bluff of these radicals and brainwashed politicians? They just have to stop production and distribution of these planet killing products without telling anyone. Any complaints can be referred to the loadmouths that have been advocating the move. Everyone would very rapidly realise that their lives are suddenly at stake.

  26. Nationalizing the Oil Fields in Venezuela is a perfect example of how they want to stop Global Climate Change.

    • Because burning the furniture and trash to provide heat works so well for keeping pollution down.

  27. nationalization hasn’t slowed norway from expanding their drilling higher into the arctic than anyone else .. maybe sharing profits with the public will make people more sanguine about oil profits . ?

  28. Nationalise the oil companies. Right, that would definitely fix it. check Venezuela, the last Country to do just that. The Venezuelan Government are not quite as far left as little Owen.

  29. “….they should this time be brought under democratic, accountable public control.”

    The Democratic People’s Republic of The Guardian. Yawn…..

  30. So long as these sectors remain in private hands, they will continue to place short-term profit for elite investors […]

    So now I am an “elite investor”? I had no idea.

    I have a small holding in ‘Big Oil’ because they provide a nice steady dividend to add to my retirement income. I’m pretty sure I could kiss that small bit of sorely needed income goodbye if the oil companies were nationalized.

    So yeah, go ahead. Screw all those evil “elite bastards” like me. After all, it’s to Save The Planet.

  31. This was also in the Owen “Man-Child” Jones article.

    “According to the IPCC, we must cut global emissions by 45% by 2030 – little over a decade away – compared to 2010 levels to meet the 1.5C target. If not, the droughts and floods will come, the crops will fail, the seas will rise, the ice will melt, the heatwaves and extreme weather will kill and millions will be forced to flee their homes. ”

    Did the IPCC really say that?

    • New one on me. I thought the ice had to melt before the seas will rise but if that’s their scientific consensus best not to upset them and play dumb. You know leftists and their slaughtered millions.

    • the seas will rise

      But, wait, I Obama said his election was the moment “the rise of the oceans began to slow and our planet began to heal.” is Owen “Man-Child” Jones saying Obama lied? say it isn’t so.

  32. So long as these sectors remain in private hands, they will continue to place short-term profit for elite investors ahead of the future of the planet and continued existence of humanity.

    I did not know that pension, insurance and retirement funds were now considered “elite investors” and one of the profitable industries for over a century is considered “short-term profit”.

    I should subscribe to his newsletter.

  33. If nationalization is a good thing why not start with the guardian?

    If gasoline is a bad thing the make it illegal. Announce a war on fossil fuels and stamp it out like drugs. That would make oil companies worthless and everyone would be happy we didn’t nationalize them and end up with nothing.

  34. Picture box car laying on its side with no wheels or tracks in sight = Guardian. The stink of desperation must be hard to breath

    • The US Gov. Administration is convinced it can intervene in Ukraine, Syria, Iraq, Libya, Venezuela to cure the evils there.
      Bush’s and Obama’s Govt. intervention on behalf of Wall Street to the tune of 2 x $700 billion bailouts with taxpayer money is a fine example of socialism for the banks, capitalism for the deplorables.

      The UK Govt. intervention in the US presidential election and 2 years or massive harassment another example.

      • Iraq was improving until Obama pulled out US troops.
        Libya is an example of how liberals like you run wars. A disaster from beginning to end.
        The rest have more to do with your paranoid fantasies than the real world.

  35. No one has time to worry about the weather being 1 degree warmer than “average” when they’re starving to death.

  36. Jim Jones had nothing on the socialist media. The guardian and like-thinking propagandists aim for nothing less than the complete destruction through economic suicide of all western economies. They live in a self-induced bubble of paranoia about anything looking like success for human society. If it makes life better it must be evil. If it looks like free choice, it must be stopped. No matter how much reality shows a different path, these folks are set on socialism-laced Kool-Aid for all.

  37. Socialism is to civil society what creationism is to biology:
    A popular myth with no relevance to good science.

  38. Worrying that The Guardian persists in these crazed excursions. Consider that its going to be the only remaining Daily that middle class folk of the centre, or left of centre could be reading ? Thats going to be a fairly big reach towards people who have a tendency to accept what ‘Experts’ say or predict.

    Much like the meme of a cat at the controls of a car, this cannot end well 🙂

  39. Who knew that in the the 21st century checkout stand tabloids would turn aggressively viral and become a threat to all.

  40. Strange that the given solutions to the global warming narrative so neatly conform to the goals of socialism.

  41. Hey, nationalization worked in Venezuela to kneecap oil production, so it should work elsewhere. Lefties make poor managers it seems as they are only looking out for their own self interests.

  42. What appears to be forgotten in all this is that the energy companies will only pump more oil if there is a demand.
    Nationalizing oil companies will not change that demand.
    From what I could see most of the Rebels were wearing polyester/nylon containing clothing, there is a start for them.

  43. Nationalizing oil companies will not change that demand</strike the fact (reality) that it is not possible using 'green' energy (wind and sun gathering) to reduce anthropogenic CO2 emissions to less than around 50%.

    The problem is battery storage is required when the amount of intermittent power reaches around 40% of total grid average load.

    The CO2 reducing ability of 'green' energy is fundamentally limited by engineering constraints which start to appear as the amount of 'green' intermittent energy reaches around 20% of grid total.

    Ignoring engineering reality is pathetic.

    An example of reality ignoring is not including the requirement for new power lines and power equipment to transmit the new green intermittent energy.

    http://wattsupwiththat.com/2014/11/22/shocker-top-google-engineers-say-renewable-energy-simply-wont-work/

    http://spectrum.ieee.org/energy/renewables/what-it-would-really-take-to-reverse-climate-change

    Renewable Energy Does Not Work
    As we reflected on the project, we came to the conclusion that even if Google and others had led the way toward a wholesale adoption of renewable energy, that switch would not have resulted in significant reductions of carbon dioxide emissions

    http://www.theregister.co.uk/2014/11/21/renewable_energy_simply_wont_work_google_renewables_engineers/

  44. Another try at a comment without the strike through.

    Nationalizing oil companies will not change the fact (reality) that it is not possible using ‘green’ energy (wind and sun gathering) to reduce anthropogenic CO2 emissions to less than around 50%.

    The problem is battery storage is required when the amount of intermittent power reaches around 40% of total grid average load.

    The CO2 reducing ability of ‘green’ energy is fundamentally limited by engineering constraints which start to appear as the amount of ‘green’ intermittent energy reaches around 20% of grid total.

    Ignoring engineering reality is pathetic.

    An example of reality ignoring is not including the requirement for new power lines and power equipment to transmit the new green intermittent energy.

    http://wattsupwiththat.com/2014/11/22/shocker-top-google-engineers-say-renewable-energy-simply-wont-work/

    http://spectrum.ieee.org/energy/renewables/what-it-would-really-take-to-reverse-climate-change

    Renewable Energy Does Not Work
    As we reflected on the project, we came to the conclusion that even if Google and others had led the way toward a wholesale adoption of renewable energy, that switch would not have resulted in significant reductions of carbon dioxide emissions

    http://www.theregister.co.uk/2014/11/21/renewable_energy_simply_wont_work_google_renewables_engineers/

    • Not so sure the term ‘nationalised’ works for the Saudis. Seems more like undisguised private ownership by the royal family.

    • Look at Mexico and Venezuela for counter-examples AND the Soviet oil industry before a half-hearted privatization

  45. Seemed to work pretty well in Venezuela. Oil production tanked after the industry was nationalized. Great idea, Owen, you twit.

  46. The Garada will wither and die unless a socialist government props it up as their mouthpiece .
    The demand for most goods and services is driven by demand from the general population .
    The oil companies are no difference selling petrol and diesel than a pop star selling seats at a concert.
    If there is no demand they soon stop doing what they are doing .
    Socialists do not grasp this very simple fact.
    For example New Zealand has to export to the world to survive and it the world does not require our goods we soon hit hard times as a country .
    Fossil fuels ARE required in every country in the world and calling on governments to nationalize the oil industries and restrict oil production is absolute madness and can only ruin the countries that attempt this socialist suicide.
    Even in our country our socialist Prime Minister has decreed that no more offshore oil exploration licenses will be issued while her government is in power.
    She did this to alert the world that she and her government were serious about climate change .
    All that it will do is to increase our imports of oil from other countries and restrict or close down industries that rely on natural gas as our oil and gas fields run down .
    Indirectly we will have to mine and use more coal as the natural gas shortage occurs.

  47. Decarbonise the British economy by 2025? I look forward to Extinction Rebellion taking their protests to China and Russia – they may very well become extinct very quickly.

  48. The Graudian is a Block Op run by the Deep State, the Western Military-Industrial Complex and Big Carbon. Its aim is force even the most slime green eco-com into realising they are sooo stoooopid.

  49. The Guardian should be shut down and their offices boarded up in the interest of the security of the UK. I am serious

  50. “It must really suck to feel a need to act that stupid”
    Exxon didn’t produce 25% more oil because they were evil, they did it because of a whole bunch of really bad people provided a demand for it. You know like farmers to plant, fertilize, and harvest food, truckers to haul it to market, mom’s to go the the market to buy it and take it home and cook it…bad actors all. Don’t you really want to get rid of at least half of these “bad actors” to save the planet?

  51. These forthright calls for the socialization of Western Society will be the death knell of the Left. The recent phenomena of the Left outting itself as blatant socialists shows that conservative voices have been correct all along — the supposed “green” movement has just been international socialism with a coat of green paint.

    There were the same calls for a massive change in government-types back in the anti-war movement in the US — recall the violence at the Democratic National Convention in Chicago.

    Do not be fooled by the fairly conservative public statements from proponents — which mostly demand nationalization of energy resources — the Left’s plans are to entirely socialize the West with the power in the hands of a small group of elites — graduates of the Ivy League schools in the US and Oxford/Cambridge in the UK, where socialism has been being trained into vulnerable young minds since the turn of the 19th century to the 20th century. (If this sounds familiar, think of the Soviet Union or modern China).

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