From Global Witness.org (Aug. 20):
The sheer scale of this new production dwarfs that of every other country in the world and would spell disaster for the world’s ambitions to curb climate change – the effects of which we’re already witnessing through massive heat waves, flooding, and extreme weather.Yea! According to the article America produces 61% of the world’s oil. Canada is 2nd with 7%. If you read further in the article the authors are not happy with the 61% because that much production supposedly increases global warming. Well, that’s just too bad. Besides it is water vapor (read: humidity) not CO2 that causing any kind of warming. You never hear any meteorologist talk about CO2 when they talk about the heat index.
Earlier this year, we crunched the numbers from the latest climate science and industry forecasts and found that we can’t afford to drill up any oil and gas from new fields anywhere in the world if we’re to avoid the worst impacts of climate change.
In our analysis, we assumed that existing oil and gas fields are going to keep on pumping for as long as they can. That means that the decisions about new projects will shape the future for the oil and gas industry and our climate.
And when it comes to these new oil and gas fields, production from the US is set to eclipse the rest of the world. [read more]
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