Digging for a greener planet

Suspension

2003’s “The Core,” starring Hilary Swank and the unbearable Stanley Tucci, must have been. Long-running 1977’s “Exorcist II: The Heretic” Booby Award’s “save the planet from itself” voyage to Earth’s soft Tootsie Roll center has been voted by scientists as having ignored science more than any major movie. else.

But the story of building a ship to drill at the bottom to fix a global magnetic field stumbled on getting one thing right: drilling is the answer.

“No New Fossil Fuel Production Starts Today” Wanted to Save the Earth, hard-left “squad” member Rashida Tlaib (D-MD), Detroit D-Democrat, sarcastically pleaded to bank executives during a House Financial Services hearing on Sept. , before being asked if they have a policy “against financing new oil and gas products.” Jamie Dimon, CEO of JPMorgan Chase, replied, “Absolutely not. That would be the road to hell for America.”

To which Tlaib sarcastically replied, “Yeah, that’s fine,” and stated that whoever takes out a student loan to bail out taxpayers should take their money from Chase, telling Damon, “You obviously don’t care about working-class people, front-line communities like ours who faces high rates of asthma, respiratory problems” and cancer. According to Tlaib, anything other than the absence of oil and gas “defies all logical and scientific evidence at our disposal.” And if banks don’t stop funding fossil fuels, “regulators, including the Federal Reserve and Congress, should step in and make it happen.”

Back home last week, Tlaib voters in Detroit attended an urgent town hall meeting. Not to cure cancer or asthma or go green as quickly as possible, but in connection with the most pressing causes of death and distress for society. “I noticed two guys with Uzis. One killed the other,” said Detroiter Glenda McGadini. “And that was two days ago.” She described it as something “I thought I’d never see in my whole life. I’m shocked.”

In fact, local officials view the 221 murders in Motor City so far this year, with little more than three months remaining, as good news — because there were 309 murders last year and 323 in 2020. However, it appears that Tlaib believes that turning the Federal Reserve to green policing will compensate for defunding the real police and leaving innocent blacks and browns unprotected from violent criminals.

As an enemy of the working class, it is strange the way Dimon’s Bank, the largest in America, with branches in all 48 neighboring states, provides more than 250,000 workers and livelihoods workers. According to Fact.com, Chase pays an average of $59,000 annually to bank partners, about $10,000 above the national average. It flaunts a $30 billion “commitment to racial equality” to “close the racial wealth gap”. This sounds like a page ripped from the band’s “Awakened” manifesto, yet all these billionaires are buying Damon no relief from being defamed as a proletariat-eating robber baron. Nor has the $335 million Chase bond issued — its fourth since 2012 — that funds cancer research at the City of Hope Medical Center in Los Angeles, California, which has long been ranked one of the top cancer research hospitals in the world.

It is clear that Dimon really does care about much broader American society, and he has demonstrated this with deeds and blunders, not diatribes and diatribes from the Washington left. Now, Dimon warns that “the world actually needs 100 million barrels of oil and gas per day. And we need it for 10 years,” that would require “appropriate investment in the oil and gas complex,” which is “good for CO2 reduction,” as It is proven by the recent high oil and gas prices that many of the world’s countries are turning back to dirtier coal. Dimon noted that from China, India, Indonesia and Vietnam to fully industrialized countries such as France, Germany and the Netherlands, carbon dioxide emissions are getting worse.

Carbon sequestration is an energy policy

Advances in carbon capture and storage technology, combined with hydraulic fracturing, point the way to reasonable energy policies for the next decades, in contrast to the bigotry of Tlaib and the White House. Even the UN’s Intergovernmental Panel on Climate Change in 2018 recognized that carbon sequestration must be a component of global energy policies moving forward. Fatih Birol, Executive Director of the International Energy Agency, describes carbon sequestration as “a necessary bridge between the realities of today’s energy system and the increasingly urgent need to reduce emissions.”

It’s a procedure that uses biomass to absorb carbon dioxide as it grows, and inject it into deep geologic formations. The first large-scale direct air capture plant in the United States may open next year, capturing up to one million tons of carbon dioxide annually for use in enhanced oil recovery.

Harold Hamm, CEO of Continental Resources, one of the leaders in horizontal drilling and hydraulic fracturing, commits $250 million to a $4.5 billion carbon capture project to use a 2,000-mile pipeline that will dump 8 million tons of CO2 by injection that is a mile under land in North Dakota.

“Horizontal drilling and hydraulic fracturing have given us an American energy renaissance,” Hamm declared of work done over the past decade or two. We’ve used ingenuity to get hydrocarbons out of the ground. There is no reason why we can’t use the same skills to bring back the carbon. “

Far from Tlaib’s claims, the world would not reach any green future destination without being fueled by plenty of “black gold”.

The opinions expressed in this article are those of the author and do not necessarily reflect those of The Epoch Times.

Thomas McArdle

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Thomas McCardle was a White House speechwriter for President George W. Bush and writes for IssuesInsights.com

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