Oil Discoveries more Important than Climate Change

STATES CHRONICLE – People forgot about the threats of climate changes and became more interested in oil discoveries. How irresponsible can we be? The life of this whole planet is at ease if we won’t limit the greenhouse gas emissions. The oil discoveries made this year face some obstacles in the developmental process. Specialists argue that one of the barriers is represented by the Paris Agreement which specifically requested the reduction of the production and consumption of oil.

Now, the outcome of oil depends on the accessibility of oil in the fields, the oil market and the evolution of electric cars. Some energetic companies in the US have claimed the breakthrough of major amounts of oil that are currently one of the causes of greenhouse gas emissions.

Companies like Apache Corporation has declared that they have unveiled three billion oil barrels situated in West Texas. Another big company has stated that they made oil discoveries which were estimated at six billion barrels located underneath the Arctic Ocean.

Based on the survey made by the US Department of Energy data, if these massive amounts of oil will be consumed then CO2 emissions will measure 70% of the US’s annual pollution with carbon dioxide. Perry Lindstrom, an analyst with the Energy Information Administration, has argued that the consumption of a billion barrels of oil represents 8% of the total emissions of carbon dioxide in the US during a year.

We all remember that the purpose of the Paris Agreement is to avoid global warming fro surpassing the limit of 2 C. Every country which signed the agreement was planning to accomplish their obligations. The first thing they needed to do was to decrease the use of carbon dioxide contamination from power plants which are working on coal. These countries have also promised to struggle to use electricity in an efficient way, making use of the inexhaustible energy resources.

Authorities from every country that signed the Paris Agreement agreed on adopting efficient standards for car, trucks, and airplanes. Besides these attempts, there was not mentioned the demand for oil. Michael Wara, who is a professor at Stanford University Law School and a climate and energy researcher, has stated that energy companies are expected to use oil still until all technology replaces the use of oil.

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