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Oil/Gas - alternative suppliers

7 replies

Branster · 08/03/2022 21:19

This thread is for discussing potential alternative sources of oil/gas suppliers to replace current Russian distribution of gas.

A sensible discussion in the hope that I can understand more on this topic.

I'll copy & paste from the other thread shortly if I can work out how to do it.

This was a link posted by another PP which spurred me on, top world producers and consumers of oil

www.eia.gov/tools/faqs/faq.php?id=709

OP posts:
Branster · 08/03/2022 21:21

This was my comment from the other thread:

Thank you for this link.
I was thinking of a separate thread discussing potential replacement of oil and gas sources.
Unthinkable as it may sound, Syria could ramp up production to cover probably 1% from the Russian 10%. Not unthinkable that sanctions would be lifted here and there. And, collectively, countries such as Nigeria, Libya, Azerbaijan, Angola etc could potentially plug the gap with increased production. Really not ideal at all. As I understand it, Venezuela wouldn't be in a position to help even without sanctions (too much of a mess to organise uptodate distribution). Saudi could easily turn on the tap a bit more.
Basically most countries with reserves that could be accessed, are in very questionable situations in terms of stability, influence and political situations.
I wonder what will happen.
It's a vast topic and I don't have technical knowledge, it's just general knowledge and am happy to stand corrected. Apologies if this has been mentioned already- haven't read the thread since lunchtime but was very interested seeing this link.

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Branster · 08/03/2022 21:22

No idea if I'm allowed to quote the response but we are looking at what impact would, for example, wfh have, could we try to reduce consumption ourselves in a meaningful way?

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Branster · 08/03/2022 21:23

Ideally yes, but, in reality, I don't see it happening.
But the problem is much much bigger than reducing household consumption.
And it is at global level.
To my mind, most usage would be attributed to production and distribution. Essentially aiming to bankrupt whole industries or business to reduce consumption. Comes back to bite us. As a lot of people work in those businesses.
I suspect a deal with the devil here and there will take place. To keeping the wheels moving.
And at a global level China would be quite keen for other countries to keep trading both ways.
Everything is quite complex and large scale, I don't quite understand it.

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Interested in this thread?

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Branster · 08/03/2022 21:26

I'd be interested to read others' opinions on this so that I can understand the situation better. Suggestions, qualified opinions etc.

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Pedallleur · 08/03/2022 21:30

Look at those countries. Corruption, human rights issues, sanctions, Pollution. Are we going to trade with them or lift sanctions? Dealing with the devil is never good. That is the price of using fossil fuel along with climate change. Nuclear? Nobody wants to be near the reactor or the waste or pay for the decommissioning. Germany shut down nuclear after Fukushima and moved to gas! Needs to be an invemtion or a rethink that takes us away from reliance on burning stuff

Pedallleur · 08/03/2022 21:33

Oil is also the #1 traded commodity and right now if you have it you are possibly in boomtime.

Branster · 08/03/2022 21:34

That's the issues: most alternatives for traditional fuel are not palatable.
Short and medium term, renewables are not a feasible. North Sea is not feasible short term either.
I also don't think at industry level there would be an appetite for reducing consumption.

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