{"id":1758,"date":"2022-08-20T14:43:58","date_gmt":"2022-08-20T21:43:58","guid":{"rendered":"https:\/\/www.druryjournal.com\/?p=1758"},"modified":"2022-08-20T14:44:01","modified_gmt":"2022-08-20T21:44:01","slug":"why-a-short-term-boost-to-oil-and-gas-production-is-needed-and-why-its-actually-good-for-the-environment","status":"publish","type":"post","link":"https:\/\/www.druryjournal.com\/?p=1758","title":{"rendered":"Why a Short-Term Boost to Oil and Gas Production is Needed and Why It’s Actually Good For The Environment"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>1 Minute, 59 Second <\/div>\n\n <\/div>\n

I believe a recent Business Insider article via Yahoo News<\/a> sums this topic up well for the short term.  However, I believe it lacks the long-term foresight that should illustrate how we could\/should eventually ramp down oil and gas production as clean energy comes online to the point that it will be available to the masses.  Meanwhile, I believe we all clearly need to separate short-term and long-term objectives when discussing what we need to do now.<\/p>\n\n\n\n

Regarding the short term, I believe Mr. Dimon is spot on! We clearly need to increase gas and oil production to stabilize the economy\/reduce inflation by getting supplies back in line with demand. This should also enable us to phase out coal very quickly.\u00a0 As most of us know, coal \u00a0is much worse for the environment than oil and gas.\u00a0 However, it may be less known that some utilities might be forced into burn more coal to generate electricity to meet peak demand at certain times due to a lack of other energy sources, including oil and natural gas.<\/p>\n\n\n\n

Meanwhile and for the long term, we definitely need to continue developing\/expanding clean energy (of all sorts, not just solar and wind). This will enable an exit strategy from oil and gas, which is what is ultimately needed for the climate.  Although such efforts are well underway, we\u2019re not just yet ready to cut bait on gas, oil and even coal.<\/p>\n\n\n\n

I don’t recall the long-term aspect being mentioned in the article. It needs to be because a time-phased approach to our energy source transition from fossil to clean is paramount in maintaining a stable economy with low inflation (by ensuring energy supplies always meet demand in real time) as well as meeting our climate objectives.<\/p>\n\n\n\n

By placing these short-term and long-term actions\/objectives along an approximately 5 to 10-year timeline, I believe one could see that the current push to shore up oil and gas production is good for both the economy and the environment, hence it is the right thing to do.\u00a0 Likewise, it should also be apparent that the time will come \u2013 hopefully sooner than later \u2013 that we\u2019ll have enough clean energy online such that we could start to phase out oil and gas without impacting the ability to meet demand.<\/p>\n

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I believe a recent Business Insider article via Yahoo News sums this topic up well for the short term.  However, I believe it lacks the long-term foresight that should illustrate how we could\/should eventually ramp down oil and gas production as clean energy comes online to the point that it will be available to the […]<\/p>\n","protected":false},"author":1,"featured_media":1759,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","advanced_seo_description":"","jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[16,85],"tags":[216,222,219,215,220,217,225,221,224,223,218],"class_list":["post-1758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finances","category-from-the-editor","tag-clean-energy","tag-clean-ergy","tag-climate","tag-energy","tag-environment","tag-fossil-fuels","tag-gas","tag-inflation-2","tag-natural-gas","tag-oil","tag-oil-and-gas"],"jetpack_publicize_connections":[],"featured_image_urls":{"full":["https:\/\/i0.wp.com\/www.druryjournal.com\/wp-content\/uploads\/2022\/08\/jpmorgan.png?fit=1200%2C628&ssl=1",1200,628,false],"thumbnail":["https:\/\/i0.wp.com\/www.druryjournal.com\/wp-content\/uploads\/2022\/08\/jpmorgan.png?resize=150%2C150&ssl=1",150,150,true],"medium":["https:\/\/i0.wp.com\/www.druryjournal.com\/wp-content\/uploads\/2022\/08\/jpmorgan.png?fit=300%2C157&ssl=1",300,157,true],"medium_large":["https:\/\/i0.wp.com\/www.druryjournal.com\/wp-content\/uploads\/2022\/08\/jpmorgan.png?fit=768%2C402&ssl=1",768,402,true],"large":["https:\/\/i0.wp.com\/www.druryjournal.com\/wp-content\/uploads\/2022\/08\/jpmorgan.png?fit=1024%2C536&ssl=1",1024,536,true],"1536x1536":["https:\/\/i0.wp.com\/www.druryjournal.com\/wp-content\/uploads\/2022\/08\/jpmorgan.png?fit=1200%2C628&ssl=1",1200,628,true],"2048x2048":["https:\/\/i0.wp.com\/www.druryjournal.com\/wp-content\/uploads\/2022\/08\/jpmorgan.png?fit=1200%2C628&ssl=1",1200,628,true],"pk-small":["https:\/\/i0.wp.com\/www.druryjournal.com\/wp-content\/uploads\/2022\/08\/jpmorgan.png?resize=80%2C80&ssl=1",80,80,true],"pk-thumbnail":["https:\/\/i0.wp.com\/www.druryjournal.com\/wp-content\/uploads\/2022\/08\/jpmorgan.png?resize=300%2C225&ssl=1",300,225,true],"bigbulletin-500-300":["https:\/\/i0.wp.com\/www.druryjournal.com\/wp-content\/uploads\/2022\/08\/jpmorgan.png?resize=500%2C300&ssl=1",500,300,true]},"author_info":{"info":["The Editor"]},"category_info":"Finances<\/a> From the Editor<\/a>","tag_info":"From the Editor","comment_count":"0","jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.druryjournal.com\/wp-content\/uploads\/2022\/08\/jpmorgan.png?fit=1200%2C628&ssl=1","jetpack-related-posts":[{"id":289,"url":"https:\/\/www.druryjournal.com\/?p=289","url_meta":{"origin":1758,"position":0},"title":"Why Is Inflation So High and When Will It Subside?","date":"June 11, 2022","format":false,"excerpt":"There has been a lot of discussion and handwringing on this subject lately.\u00a0 The Reuters article in the link below captured Janet Yellen\u2019s assertion that inflation is here to stay, at least for some time.\u00a0 I\u2019m not sold on this as an absolute reality, and I believe we can change\u2026","rel":"","context":"In "Finances"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.druryjournal.com\/wp-content\/uploads\/2022\/06\/10-Year-CPI-Data-May-2022.png?fit=1200%2C661&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1169,"url":"https:\/\/www.druryjournal.com\/?p=1169","url_meta":{"origin":1758,"position":1},"title":"How To Fight Climate Change and Inflation at the Same Time","date":"July 31, 2022","format":false,"excerpt":"We all know (or should know) that energy prices are a key inflation driver, just as they were in the 70s and 80s.\u00a0 Hence, any attempt to cut fossil fuel supply would be counterproductive to inflation, as such would only drive energy prices higher.We also know that we need to\u2026","rel":"","context":"In "From the Editor"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.druryjournal.com\/wp-content\/uploads\/2022\/07\/solar-pannel.png?fit=1200%2C628&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2269,"url":"https:\/\/www.druryjournal.com\/?p=2269","url_meta":{"origin":1758,"position":2},"title":"Was the Feds latest Interest Rate Move the Right Thing to Do?\u00a0 And Some Q & A","date":"September 28, 2022","format":false,"excerpt":"First off, like many, I am fully convinced the Fed should have acted sooner \u2013 more like 4Q20\/1Q21 versus mid-2022 \u2013 in raising interest rates and Quantitative Tightening (QT), or at least stopped the Quantitative Easing (QE). Had they done that, my speculation is that inflation would have stayed below\u2026","rel":"","context":"In "From the Editor"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.druryjournal.com\/wp-content\/uploads\/2022\/09\/inflation-post.png?fit=1024%2C683&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":485,"url":"https:\/\/www.druryjournal.com\/?p=485","url_meta":{"origin":1758,"position":3},"title":"Why Gasoline Is So Expensive, And What Should We Do About IT?","date":"July 8, 2022","format":false,"excerpt":"It seems that not a day goes by without at least one article on today\u2019s high oil and gasoline prices \u2013 almost as though each has its own root cause theory and its own solution.\u00a0 My attempt here is to present the facts on what\u2019s really happening (to the best\u2026","rel":"","context":"In "Finances"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.druryjournal.com\/wp-content\/uploads\/2022\/07\/gasolina.png?fit=1200%2C628&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":719,"url":"https:\/\/www.druryjournal.com\/?p=719","url_meta":{"origin":1758,"position":4},"title":"How much should the Fed raise interest rates in July?","date":"July 16, 2022","format":false,"excerpt":"Background I\u2019m sure most of us are extremely disappointed, if not stunned, by the June 9.1% CPI.\u00a0 Although way, way too high, at least it was fairly stable for the past three months (8.6% in March, 8.3% in April, and 8.6% May), thereby showing signs of peaking - until now.\u00a0\u2026","rel":"","context":"In "Finances"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.druryjournal.com\/wp-content\/uploads\/2022\/07\/jerome-Powell-Edit.png?fit=1200%2C628&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1844,"url":"https:\/\/www.druryjournal.com\/?p=1844","url_meta":{"origin":1758,"position":5},"title":"Salmon Fishing Versus Hydroelectric Power","date":"August 28, 2022","format":false,"excerpt":"I just read an Associated Press article \u201cFederal report boosts plan to remove 4 dams on Calif river\u201d in Yahoo News that says the Federal Government is pushing to close four dams in the Klamath River Hydroelectric Project that produce hydroelectric power along the Klamath River.\u00a0 These dams are as\u2026","rel":"","context":"In "From the Editor"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.druryjournal.com\/wp-content\/uploads\/2022\/08\/boyle-dam.png?fit=1024%2C683&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.druryjournal.com\/index.php?rest_route=\/wp\/v2\/posts\/1758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.druryjournal.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.druryjournal.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.druryjournal.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.druryjournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1758"}],"version-history":[{"count":4,"href":"https:\/\/www.druryjournal.com\/index.php?rest_route=\/wp\/v2\/posts\/1758\/revisions"}],"predecessor-version":[{"id":1772,"href":"https:\/\/www.druryjournal.com\/index.php?rest_route=\/wp\/v2\/posts\/1758\/revisions\/1772"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.druryjournal.com\/index.php?rest_route=\/wp\/v2\/media\/1759"}],"wp:attachment":[{"href":"https:\/\/www.druryjournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.druryjournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.druryjournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}