Surprise: Dutch Ruling On Shell Oil Benefits OPEC And Russia

Remember when I mentioned the Cult of Climastrology winning with a ruling against Shell Oil in the Netherlands?

Climate cultists can’t win by convincing people, so, they’re using the courts to jam through their cult beliefs. This won’t harm Shell: it will just increase the cost of product. Which means the cost of other goods that are delivered by fossil fueled vehicle, plane, and ship will increase. That’s a win, right?

And there could be unintended consequences? Well, here’s another

OPEC, Russia seen gaining more power with Shell Dutch ruling

Climate activists who scored big wins against Western majors last week had some unlikely cheerleaders in the oil capitals of Saudi Arabia, Abu Dhabi and Russia.

Defeats in the courtroom and boardroom mean Royal Dutch Shell, ExxonMobil and Chevron are all under pressure to cut carbon emissions faster. That’s good news for the likes of Saudi Arabia’s national oil company Saudi Aramco, Abu Dhabi National Oil Co, and Russia’s Gazprom and Rosneft.

It means more business for them and the Saudi-led Organization of the Petroleum Exporting Countries (OPEC).

“Oil and gas demand is far from peaking and supplies will be needed, but international oil companies will not be allowed to invest in this environment, meaning national oil companies have to step in,” said Amrita Sen from consultancy Energy Aspects.

Good job, Warmists (who also won’t give up their own use of fossil fuels)

The International Energy Agency, which looks after the energy policies of the West, issued an appeal last month to the world to essentially scrap all new oil and gas developments. But it gave no clear formula on how to reduce demand.

“It (the IEA report) is a sequel of the La La Land movie. Why should I take it seriously?” Saudi Energy Minister Prince Abdulaziz bin Salman said on Tuesday.

“We (Saudi Arabia) are … producing oil and gas at low cost and producing renewables. I urge the world to accept this as a reality: that we’re going to be winners of all of these activities,” he told an online news conference after a regular OPEC+ meeting.

A high-level executive from Russia’s Gazprom said: “It looks like the West will have to rely more on what it calls ‘hostile regimes’ for its supply”.

Don’t you hate when those unintended consequences reach up and smack you in the face with the Dead Mackerel of Reality?