Massive Kuwait Oil Find Boosts Future Of Fossil Fuels
Kuwait, one of the world’s largest oil producers, announced it had made a “huge” discovery in offshore fields. The Al-Nokhada field, east of the Kuwait state of Failaka Island, has estimated reserves of over 2.1 billion barrels of light oil. Kuwait wants to increase overall production by the decade’s end. The only nations with larger proven oil reserves are Venezuela, Saudi Arabia, Iran, Canada, and Iraq.
New York –Worry About Blackout?
More and more national leaders and even environmentalists have admitted the significant use of fossil fuels for the next year cannot be avoided. The Guardian recently pointed out,
“Despite a record rise in the use of renewable energy in 2023, consumption of fossil fuels continued to increase too, an annual review of world energy by the Energy Institute found.” Fossil fuel use hit a record last year.
Exxon’s View
Oil executives have gone far enough to place the blame for global warming outside the actions of their industry. Mother Jones reports, “The world is off track to meet its climate goals and the public is to blame, Darren Woods, chief executive of oil giant ExxonMobil, has claimed—prompting a backlash from climate experts.”
Climatecrisis247 believes this is part of a recent trend showing that fossil fuel production will continue to rise in the decade ahead. Energy demand worldwide will not fall, and renewables like solar and wind are not coming online fast enough. As a result, energy use will likely contribute more to global warming.
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