Jason Kenney We Are The Most Responsible Barrel Of Oil Produced In The World
There will be a demand for Canadian energy for decades to come, particularly as we continue to shrink the environmental impact of Canadian oil & gas. pic.twitter.com/dzVvQJXT9u
— Jason Kenney (@jkenney) November 15, 2019
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[Jason Kenney We Are The Most Responsible Barrel Of Oil Produced In The World]
[Jason Thomas Kenney:] Source: LYBIO.NET
But what we do know is this:
That according to the International Energy Agency, Global demand for oil is predict projected to increase from the current 100 million barrels per day, to approximately 110 million barrels per day by the year 2040.
Now some say that’s too much of a – that’s too bullish of a projection.
So the same agency their bearish projection for the future of oil is for 80,000,000 barrels per day of consumption by the year 2040, and that’s based on full compliance with the Paris climate treaty.
80 million which would only be off 20% from where we are right now.
And the same agency projects that Global consumption of natural gas will nearly double over the same two decades.
And of course we have first of all the third largest oil reserves on Earth.
With a current market value globally of something like 20 trillion dollars. And when the world’s largest proven and probable reserves of natural gas.
Untold value in these assets.
The question is who will supply that demand ten and twenty and thirty years from now?
[Jason Kenney:] Source: LYBIO.NET
And given the intensive investments in technology to reduce the carbon intensity and to shrink the environmental footprint of Alberta energy; we will be; increasingly we are the most responsible barrel of oil produced in the world.
We certainly are when it comes to any metric of social or governance standards and increasingly we are on environmental standards as well.
And so if we have the wisdom to continue producing energy with the shrinking environmental footprint, we will be the most desirable last Barrel available to Global energy markets.
And I believe – Albertans believe that the world needs more of the secure energy produced at the world’s highest human rights, environmental and labour standards in this great democracy.
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