Saying he is advocating for one is just a terrible accusation. Art is just simply saying that we just have major structural constraints which are going to impose major costs to our economy. That is almost as similar as saying an oncologist being able to diagnose stage 4 cancer problem is an advocate of the problem. That kind of thinking prevents ppl from trying to acknowledge visible real problems at the expense of been placated to and been told that everything is fine despite the reality.

@@georgeokello8620 Yes, by advocating I mean when comparing to a hyperinflationary currency as the other option. Art is pointing to a bleak possibility and standing the ground that there's no solution because we have slowing demand. Which makes it harder to find financing for gas projects. The outcome of this is deflation (hence my comment).

@@msummers5625 In a way energy is just a necessary input of all real world economic activity. If your access of cheap energy supply is severely compromised, the productivity losses increase just from lack of accessible energy inputs and demand drops just because machine and labor inputs themselves do not have energy inputs. Think of it as if their are not going to be future cheap energy stores that you will not have access to that you have to depend on(inelastic demand), it's just natural for people(and even animals) to revert to risk aversion and extreme conservation because survival is the maxim rather than risk on profit. It's a physics problem that mainstream economics and politicians for some strange reason are unable to grasp.

I agree that there is a lot of grifting going on in this space. I have my doubts about Gammon, as well.

You are forgetting that through some periods of GFC(2016 and 2020) we had periods of low financial flows into the oil markets that made production of diesel more costly and storage was highly favored thus rendering EROI in diesel and gasoline alternatives to capture 10+ year of future production unprofitable. That does not even account that the introduction of non discretionary financial products for passive funds in energy green financial products have been proliferated by larger investors not to mention successful lobbying efforts have decreased production and exploration efforts of long term energy reserves not only in the USA but even on developed countries and to some extent the emerging market economies(largely China). The diesel problem is largely a distribution problem. The current new trade regulations now discriminate barrels of oil that come from Russia as a trading partner. So new distribution centers have to be formed to circumvent the unnecessary regulatory costs that are barely enforceable thus complicating the delivery times of exports and massively influencing the prices of oil.

@@georgeokello8620 Yeah i am sure you ar a right and it is has nothing to do with the extra 2 million barrels a day demand for diesel caused by the IMO 2020 regulations. which amazingly would exactly explain the huge price spread between gas and diesel that has been around since they passed. I dont know who you are but take your silliness somewhere else or maybe you would like to address the IMO 2020 regulations?

@@eurobrowarriormonk7182 he clearly didn't say the 2020 regulations have no bearing on demand. He said there are other factors to consider as well

Note, the USDOD bred 50% oil algae to replace diesel Pre-WW2, by replacing floccing chemicals 2nd step sewage treatment plants gains 30% of volume biodiesel/biocrude [refinery grades specific to types] implies no need to drill for transportation fuels globally. To supply known oil reserves using 47yrs, only 742 10M-gal/day plants supply it by then. Seeing diesel is 1/5th of a bbl, 42gal/bbl, 9÷42=0.21, this means needing 5× less oil in crude to supply 3M-gal/day can be all diesel per plant, gas is a byproduct, who needs it if biodiesel is plentiful, biocrude fulfills petrochemical needs + gas by default. In a no subsidy world nobody would drill ... ⛽️🦕🦤

Just guessing... Probably the infrastructure is optimised for gasoline as your oil - wti - contains only small amounts which can be refined into diesel which also demands a costly optimisation process.

i would say its probably because russian crude oil is what was being used for diesel and amerucan sanctions severely cut those ties and is now more expensive because of a supply shortage

You need heavy oil. That's also why Biden is going to Venezuela and Saudi-Arabia begging for their production.

not nearly as much regulation as a nuclear power-plant, solar farm, natural gas pipeline, hydro-power generator, wind turbines, etc. Oil refinery is the most efficient, cheapest, and most readily available energy source. There is also no evidence that it impacts the environment in a negative way.

Sure let's talk about it. They have heavy oil, Biden is going over there constantly asking for more production now especially since the Saudis spit in his face with the OPEC+ cuts

We would be far better off as a society if everyone were greedy. Instead, we are a society of consumer slaves driven into the arms of our overlords by fear.

Not all grades of gasoline are the same. Saudi Arabia has the highest concentration of heavy crude and the machines we use in the United States(like engines, commercial heating systems) we're engineered to function on consumption of those heavier grades. If you wanted to change all of this without negatively killing of economic demand, you would not also need to commit decades of energy infrastructural restrictions restructuring of services like transportation but also large scale manufacturing for newer machines that homes and business will rely on American grades. That is a multi billion dollar investment that only a government can afford to take a debt for that investment and getting EROI for all different sectors using that understructure is speculative at best.

Solutions that you are asking for require actual engineering and scientific revolution which do not magically spawn out of nowhere especially when we already have scientists whom have been putting decades of research and have not been able to get a scalable solution. This is even true especially when the globe has less than 10 years to produce a scalable energy solution replacement that takes 20-50 years just on engineering infrastructure alone to complete that kind of project and this 50 years is optimistic if we factor political will to spend on infrastructure and job market for those new workers all goes well asynchronously. Engineers, doctors, scientists and technologists talk about problems and constraints rather than just solutions. There are only trade offs and it's a matter of choosing the least worst thing from the rest of the worst options.

look at my other comment. should be near the top

@@eurobrowarriormonk7182 Thanks, brother. Got it.

He’s looking to make a buck off of George, far from a rebel capitalist.

Even the ones who didn't vote for it get to go along for the ride. yay

Actually this is planned out. There are only two parties running the show and they are the left and right wing of the same bird representing tyranny. They control you through the US Government Corporation and you will obey. The Oligarchs that run the world like your way of thinking tho.

What's another year Johnny, hold me now