A Rússia apostou tudo no ouro negro: o Kremlin não acredita na transição e diz que em 2050 queimaremos ainda mais petróleo

Russia Bets Everything on Black Gold: Kremlin Doubts Transition and Says We Will Burn Even More Oil by 2050

Written by Noel Budeguer

Published on 10/10/2024 at 15:55

A Rússia apostou tudo no ouro negro: o Kremlin não acredita na transição e diz que em 2050 queimaremos ainda mais petróleo

Seja o primeiro a reagir!

Russia Bets Everything on the Future of Oil: While the World Talks About Renewable Energies, the Kremlin Ensures That by 2050 We Will Burn Even More Oil

Russia claims to be unconcerned about its main economic engine: black gold. The Russian Ministry of Energy estimates that by 2050 not only will we continue burning oil, but we will burn even more oil than today.

Betting on Oil. Despite the strong Western sanctions on Russian oil and gas and the poor performance of Putin’s crown jewel: Gazprom, Russia appears quite calm in the face of public opinion.

The Russian Deputy Minister of Energy, Pavel Sorokin, told the media that he predicts a “serious” growth in demand until 2050. And Russia, he clarified, will be ready to supply the barrels that the world wishes to buy.

ARTICLE CONTINUES BELOW

Growth of Demand and Oil Production Until 2050

This bet responds to an expected growth of between 4.5% and 5.5% in oil demand by 2030, explains Sorokin. But that wouldn’t be the limit, as Russia also projects an increase of at least 5% in demand by 2050.

What OPEC Says. The Organization of the Petroleum Exporting Countries stands with Russia, judging by its latest report. It seems that the industry is not as concerned about the energy transition to renewable sources as it is about the geopolitical conflicts affecting the sector.

OPEC estimates that there will be no problems with demand or oil prices unless Iran closes the Strait of Hormuz in response to a possible war with Israel. About 20% of the world’s production flows through this strategic passage; that is, around 20 million barrels per day.

The Geopolitical Impact on the Global Energy Market

We continue burning oil as if there were no renewables. For its part, the International Energy Agency (IEA) believes that an unprecedented overproduction of oil is on the way by 2030. Its latest report forecasts an excess of 8 million barrels per day unsold.

For now, reality is on Russia’s side. Despite global efforts toward carbon neutrality and the massive adoption of electric vehicles, oil producers continue to invest millions to increase their extraction capacity. And the sanctions… well, Russia’s fleet of phantom ships is in great shape.

0 Comentários

Mais recente

Mais antigos Mais votado

Feedbacks

Visualizar todos comentários

Russia Bets Everything on Black Gold: Kremlin Doubts Transition and Says We Will Burn Even More Oil by 2050

Russia Bets Everything on the Future of Oil: While the World Talks About Renewable Energies, the Kremlin Ensures That by 2050 We Will Burn Even More Oil

Growth of Demand and Oil Production Until 2050

The Geopolitical Impact on the Global Energy Market

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

The construction of houses with cement wood blocks is surprising workers; it uses a direct fitting system without complications and can make the work up to 100 times faster than the conventional method.

The government announces a new clinical research program and outlines how the amount of R$120 million in investments will be distributed among hospitals and universities of the SUS.

Cities in the United States are slowly sinking, and the reason behind the ground subsidence may surprise even experts as buildings, streets, and entire neighborhoods begin to give way without visible signs.

Two restaurants in Brazil achieve the highest rating in the Michelin Guide and elevate the country to a new level of fine dining.

China inaugurates a new era by signing a $5.1 billion project to expand one of the largest gas fields on the planet, adding 10 billion m³ per year and reinforcing an energy mechanism that already moves 30 billion m³ annually towards its market.

Russia Bets Everything on Black Gold: Kremlin Doubts Transition and Says We Will Burn Even More Oil by 2050

Russia Bets Everything on the Future of Oil: While the World Talks About Renewable Energies, the Kremlin Ensures That by 2050 We Will Burn Even More Oil

Growth of Demand and Oil Production Until 2050

The Geopolitical Impact on the Global Energy Market

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

China inaugurates a new era by signing a $5.1 billion project to expand one of the largest gas fields on the planet, adding 10 billion m³ per year and reinforcing an energy mechanism that already moves 30 billion m³ annually towards its market.

While the world felt the pinch of rising oil prices, oil companies pocketed at least $23 billion extra from the crisis in Ormuz.

Oil plummets more than 10% and the market turns upside down after Iran opens Hormuz and eases fears about the main route in the Gulf.

Petrobras robots confirm the presence of hydrocarbons in the pre-salt of the Campos Basin at a depth of 2,984 meters, in a new exploratory well located 201 km off the coast of Rio de Janeiro.

A Canadian study detects record methane emissions and reveals that abandoned oil wells pollute up to 1,000 times more than expected.

The construction of houses with cement wood blocks is surprising workers; it uses a direct fitting system without complications and can make the work up to 100 times faster than the conventional method.

The government announces a new clinical research program and outlines how the amount of R$120 million in investments will be distributed among hospitals and universities of the SUS.

Cities in the United States are slowly sinking, and the reason behind the ground subsidence may surprise even experts as buildings, streets, and entire neighborhoods begin to give way without visible signs.

Two restaurants in Brazil achieve the highest rating in the Michelin Guide and elevate the country to a new level of fine dining.

China inaugurates a new era by signing a $5.1 billion project to expand one of the largest gas fields on the planet, adding 10 billion m³ per year and reinforcing an energy mechanism that already moves 30 billion m³ annually towards its market.