Revealed: Saudi Arabia’s grand plan to ‘hook’ poor countries on oil

[pellinore]

Saudi Arabia is driving a huge global investment plan to create demand for its oil and gas in developing countries, an undercover investigation has revealed. Critics said the plan was designed to get countries “hooked on its harmful products”.

Little was known about theoil demand sustainability programme (ODSP) but the investigation obtained detailed information on plans to drive up the use of fossil fuel-powered cars, buses and planes in Africa and elsewhere, as rich countries increasingly switch to clean energy.

The ODSP plans to accelerate the development of supersonic air travel, which it notes uses three times more jet fuel than conventional planes, and partner with a carmaker to mass produce a cheap combustion engine vehicle. Further plans promote power ships, which use polluting heavy fuel oil or gas to provide electricity to coastal communities.

Revealed: Saudi Arabia’s grand plan to ‘hook’ poor countries on oil | Oil | The Guardian

Edited November 27, 2023 by pellinore

[+and-then]

How DARE they use inventive marketing means.  It's the only export they have.  Despite all the eco doomsayers, fossil fuels are our future until someone really gets serious with nuclear plants.

[Tatetopa]

China is using belt and road, Saudi Arabia is using oil.  We all have our ways of influencing other countries and gaining power. 

As long as there is a world market and a giant bucket that oil goes into to be sold, no country is truly energy independent.  Oil companies own the oil, not citizens of the country.  Oil companies sell it to the highest bidder, whether that is US, Europe, or India.

You might not have notices because it is Biden, but the US is pushing an increase in nuclear power.

 

[+and-then]

13 minutes ago, Tatetopa said:

As long as there is a world market and a giant bucket that oil goes into to be sold, no country is truly energy independent.

True, but having a glut of oil as a result of US exports cannot but put downward pressure on the market prices.  That was proven when SA flooded the market when the US was pumping enough to be real competition during Trump's presidency.  

[psyche101]

Fossil fuels will be around for a long time yet. Farming machines have no real alternative solutions. I really can't see farmers converting in any hurry. Even EV four wheel drives don't cut the mustard here. Not yet anyway.

[Tatetopa]

1 hour ago, and-then said:

True, but having a glut of oil as a result of US exports cannot but put downward pressure on the market prices.  That was proven when SA flooded the market when the US was pumping enough to be real competition during Trump's presidency.  

That is what we can do for sure up to a point.   Then the oil companies  think that rather than compete with themselves, they choose to slow down a bit. 

[Alchopwn]

7 hours ago, and-then said:

Despite all the eco doomsayers, fossil fuels are our future until someone really gets serious with nuclear plants.

The problem with fissile materials is that they too are a finite resource.  I wouldn't place my trust in nuclear energy.  And why should we?  I think you need to look into recent developments in Geothermal energy.  We no longer need "hot rocks" to produce Geothermal energy from the Earth's natural sodium cycle, they just make it more efficient, and the energy output will be capable of powering our civilization for thousands of clean energy years.

Edited November 28, 2023 by Alchopwn