The strange contrast between promoting the green economy and still storing huge quantities of oil today

The strange contrast between promoting the green economy and still storing huge quantities of oil today

The strategy of storing vast reserves of hashtagoil, despite the hashtagglobal shift towards a greener hashtageconomy, reflects several economic, strategic, and practical considerations. Firstly, oil remains crucial to the global hashtagenergy landscape, accounting for a substantial portion of energy consumption worldwide. As the energy transition gains momentum, oil demand is projected to decline over time. However, the pace of this hashtagtransition varies globally due to differing economic conditions and resource availability, meaning fossil fuels will still be essential in some regions and industries for years to come.​

Strategic reserves of oil are particularly important for energy hashtagsecurity. Oil prices are highly sensitive to hashtaggeopolitical tensions, market fluctuations, and unforeseen crises, which can lead to energy shortages or price spikes. Nations with large oil reserves can buffer their economies against these shocks, ensuring stability and avoiding severe impacts on industries reliant on hashtagfossil fuels during the transition​.

Additionally, oil and hashtaggas companies are repositioning themselves by diversifying into sustainable energy sectors like hashtaghydrogen, renewable hashtagelectricity, and hashtagcarbon capture. Maintaining oil reserves provides these companies with a stable revenue stream to fund hashtaginvestments in hashtaggreen technologies, helping them transition while remaining financially viable. This approach is supported by their expertise in large-scale energy projects and their infrastructure for handling energy commodities​.

In short, while hashtagrenewable energy is increasingly prioritised, oil storage serves as a stabilising force for energy markets and as a financial foundation for the transition to a lower-carbon economy. This pragmatic approach balances the need for green investments with the realities of ongoing global reliance on oil and gas.

Only by transcending can new horizons be discovered!

 Only by transcending can new horizons be discovered!

Who would object to the fact that the scientific knowledge that humans occasionally possess has no horizons? Of course, it does, otherwise, by definition, we would possess absolute knowledge. Is there any objection to the fact that the broadening of the horizons of knowledge is only possible by transcendence? Of course not, since in order to move beyond, man has only to question and/or expand and/or extend and/or broaden and/or re-establish cognitive data handed down from the past.

Well, let’s take an example from the cognitive facts of our time in the field of electricity. What do we know about the lighting of a light bulb? Well, we have to connect its contacts to the poles of a battery in order to have a closed electrical circuit, i.e. the passage of electric current.

What would you say if, instead of a connected circuit, the required energy was supplied to the lamp by a changing magnetic field? Does that remind you of anything? Well, yes, an application of the Faraday's law, i.e. the relationship between the rate of change of magnetic flux (Φ) through a loop to the magnitude of the electro-motive force ℇ induced in the loop as generally is given by the formula: ℇ= dΦ/dt (or more specifically, for a coil with N turns, by ℇ=-N dΦ/dt). This is understandable and feasible.

But how about, next, expanding on this thought? That is if we tried to imagine something further away. Using this principle, lets imagine, for instance, how we could activate, "light up", like saying, a Black Hole or possibly even a Neutron Star. We would need, of course, a very strong magnetic field.

A brilliant field of glory!