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Episode 38

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Content provided by Assaad W. Razzouk. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Assaad W. Razzouk or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The plastic industry says it’s a "hero" of the coronavirus pandemic. What is driving this propaganda? Single-use plastic is a big chunk of the future demand for oil forecast by OPEC or by the International Energy Agency and their other friends trying to cook the books. So if you take out single-use plastic, future demand for oil and gas will decline immediately and so will the projected revenues of that entire industry. That, in turn, has all sorts of consequences for the cost of capital of oil and gas companies, which ultimately means that they will be able to do no more new oil and gas exploration. Furthermore, they would have to close down, gradually, what they're doing now. That's why the plastic industry is now selling itself as a "hero" of the fight against the coronavirus - and nothing could be further from the truth.

  continue reading

85 episodes

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Episode 38

The Angry Clean Energy Guy

44 subscribers

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Manage episode 265499400 series 2528509
Content provided by Assaad W. Razzouk. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Assaad W. Razzouk or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The plastic industry says it’s a "hero" of the coronavirus pandemic. What is driving this propaganda? Single-use plastic is a big chunk of the future demand for oil forecast by OPEC or by the International Energy Agency and their other friends trying to cook the books. So if you take out single-use plastic, future demand for oil and gas will decline immediately and so will the projected revenues of that entire industry. That, in turn, has all sorts of consequences for the cost of capital of oil and gas companies, which ultimately means that they will be able to do no more new oil and gas exploration. Furthermore, they would have to close down, gradually, what they're doing now. That's why the plastic industry is now selling itself as a "hero" of the fight against the coronavirus - and nothing could be further from the truth.

  continue reading

85 episodes

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