{"id":24861,"date":"2020-12-05T11:33:49","date_gmt":"2020-12-05T18:33:49","guid":{"rendered":"https:\/\/srsroccoreport.com\/?p=24861"},"modified":"2021-09-17T11:19:12","modified_gmt":"2021-09-17T21:19:12","slug":"green-energy-double-talk-begins-first-major-oil-producer-announces-deadline-to-end-oil-extraction-but-theres-a-catch","status":"publish","type":"post","link":"https:\/\/srsroccoreport.com\/public\/green-energy-double-talk-begins-first-major-oil-producer-announces-deadline-to-end-oil-extraction-but-theres-a-catch\/","title":{"rendered":"GREEN ENERGY DOUBLE-TALK BEGINS: First Major Oil Producer Announces Deadline to End Oil Extraction, But There’s A Catch"},"content":{"rendered":"

According to the Washington Post article published yesterday, Denmark was the first major oil-producing country to announce a deadline to end oil extraction.\u00a0 While this may sound like a “Victory” for the Green Energy Movement, there’s a catch.\u00a0 While Denmark announced that it would end all oil extraction by 2050, the country will likely run out of oil reserves well before that date.<\/p>\n

I find this quite hilarious because all anyone has to do is look at a bit of data, and you can find out that Denmark’s oil-producing days are quickly coming to an end… WITH OR WITHOUT GREEN ENERGY.<\/strong><\/span><\/p>\n

The Washington Post article titled, Denmark becomes first major oil-producing nation to set deadline to end extraction<\/strong><\/em><\/a>, stated the following:<\/p>\n

The decision was applauded by some environmental activists, with Greenpeace celebrating it as a \u201cwatershed moment,\u201d although other groups had hoped for a faster timeline.<\/strong><\/p>\n

Denmark\u2019s new rules mean companies will be barred from receiving new licenses to search for and extract oil and gas resources. Previously issued licenses will remain valid until 2050.<\/p>\n

Denmark is the top oil producer in the European Union, but it has come under mounting pressure as the E.U. aims to become carbon-neutral within the next 30 years.<\/p>\n

\u201cIt\u2019s a historic decision for Denmark,\u201d Dan J\u00f8rgensen, the Danish climate and energy minister, told The Washington Post in an interview Friday.<\/p>\n

Please note the BOLDED text in the quote from the article above.\u00a0 What a laugh indeed.\u00a0 “The decision was applauded by some environmental activists??”\u00a0 Are you kidding me??\u00a0 Even Greenpeace celebrated it as a “WATERSHED MOMENT.”<\/strong><\/span>\u00a0 Listen, I really admire some of the work being done by Greenpeace, but this is pure BOLLOCKS.<\/p>\n

And what is even more hilarious is the Danish climate and energy minister, stating that it was a “HISTORIC DECISION.”\u00a0 Seriously, what are these leaders smoking nowadays?\u00a0 This is nothing more but worthless political pandering.<\/p>\n

Why?\u00a0 Let’s look at the data.\u00a0 First, here is Denmark’s oil production from 2005 to Aug 2020.<\/p>\n

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In 2005, Denmark was producing 380,000 barrels per day (bd), but it was down to 68,000 bd in August of this year.<\/strong><\/span>\u00a0 Part of the decline could be covid related, but as we can see, production has been steadily declining.\u00a0 While Denmark’s oil consumption has also been declining, the country became a net importer in 2015, if we look at the chart below.<\/p>\n

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In 2015, Denmark produced 158,000 bd but consumed 161,000 bd.\u00a0 In August this year, Denmark was a net importer of 80,000 bd (148,000-68,000 bd).<\/strong><\/span>\u00a0 What else can we take away from this besides the Denmark energy and climate minister being totally disingenuous in looking at this data?\u00a0 I tweeted about this yesterday:<\/p>\n

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WHAT A JOKE….<\/p>\n

With Denmark's oil production falling 73% in the last 15 years, the country would probably run out of reserves by 2050.<\/p>\n

So, to say that Denmark will set a deadline for 2050 to end oil production when it would likely run out…<\/p>\n

… is disingenuous at best. https:\/\/t.co\/i95ZEwcSRn<\/a><\/p>\n

— SRSrocco Report (@SRSroccoReport) December 4, 2020<\/a><\/p><\/blockquote>\n