Replies to post #26174 on The Rising Influence of Rising Affluence

[biocqr]

Woods said efforts to reduce emissions by cutting production prior to addressing consumption needs has left the world struggling to meet energy demands.

I don't follow the energy markets very closely but I'm skeptical of this statement. What policies or forces are responsible for the "cutting production" in the effort to "reduce emissions"?

[semi_infinite]

I watched Wood's interview with Faber (cnbc). Exxon is still dialed up completely on carbon capture PR and Faber did his homework and pointed out how ridiculous that PR is. On Spotify, every other ad seems to be Exxon saying how they will come clean doing carbon capture sorta like FB ads saying how careful they are with your data. I suppose most people will be fooled into thinking "hey, they are really doing something". Woods knows that is a crock of excrement. XOM is not investable IMO given their lying. Buy Hess instead if you are interested in Xom's oil production growth (Guyana).