Crude Britannia: Understanding how oil shapes a nation
There is a great and timely book that has been published entitled Crude Britannia, which looks at how oil has shaped society and the political landscape of the United Kingdom.
Read the latest insights and analysis from the experts at Oil Change International.
There is a great and timely book that has been published entitled Crude Britannia, which looks at how oil has shaped society and the political landscape of the United Kingdom.
Whereas Big Oil bosses still continue a strategy of climate denial, the majority of oil workers would switch to jobs in the renewable industry.
The once mighty Exxon has just suffered the corporate humiliation of being booted out the highly influential Dow Jones Industrial Index.
As we have been repeatedly saying for months, we are witnessing the end of the oil age. Even once great giants are now crumbling at their core.
Big Oil’s decades' old campaign to deny, deceive and delay action on climate change has been thrust into the spotlight again after the Attorney Generals for Minnesota and the District of Columbia (D.C.) both launched legal action against the industry within 24 hours of each other.
Shell is in trouble. BP is in trouble. So too is Exxon.
You cannot underestimate that seismic shift going on as investors, often drunk on big oil profits, now just face uncertainty and loss. The oceans are awash with bobbing tankers full of oil, with no market to sell them. The industry is paralysed by the pandemic.
Warren Mabee, the director of the Institute for Energy and Environmental Policy at Queen’s University, said he "wouldn’t be surprised if Canadian crude prices briefly go negative - a scenario where producers are paying people to take away product.”
For years, Big Oil and Big Coal have carried on drilling and mining as if they were immune from the consequences of their actions. They knew the risks, but ignored them. Now they must pay.
“Rather than planning an orderly decline in production", Big Oil is "doubling down and acting like there is no climate crisis. This presents us with a simple choice: shut them down or face extreme climate disruption.”