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It began when Innovex Downhole Solutions, a Texas-based company that provides technical services to the oil and gas industry, ordered 400 jackets from North Face with its corporate logo. But the iconic outdoor-clothing company refused to fulfill the order. North Face describes itself as a "politically aware" brand that will not share its logo with companies that are in "tobacco, sex (including gentlemen's clubs) and pornography." And as far as North Face is concerned, the oil and gas industry fell into that same categoryproviding jackets to a company in that industry would go against its values

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At least 90 percent of the materials in its jackets are made from petrochemicals derived from oil and natural gas. Moreover, many of its jackets and the materials that go into them are made in countries such as China, Vietnam, and Bangladesh, and then shipped to the United States in vessels that are powered by oil. To muddy matters further, not long before North Face rejected the request, its corporate owner had built a new hangar at a Denver airport for its corporate jets, all of which run on jet fuel.

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The North Face story, however, offers a difficult reminder that the energy transition is a whole lot more complicated than may be recognized.

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Energy crises traditionally begin with oil, but this recent one has been driven by shortages of coal and liquefied natural gas (LNG). That sent prices spiking, disrupting electricity supplies in China, which then led to the rationing of electricity there, the closing of factories, and further disruptions of the supply chains that send goods to America.

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Is this energy shock a one-off resulting from a unique conjunction of circumstances?

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The coming energy transition... is supposed to be an almost complete switch from the energy basis of today's $86 trillion world economy, which gets 80 percent of its energy from hydrocarbons. In its place is intended to be a net-carbon-free energy system,

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The degree to which the world depends on oil and gas is often not understood. It's not just a matter of shifting from gasoline-powered cars to electric ones, which themselves, by the way, are about 20 percent plastic. It's about shifting away from all the other ways we use plastics and other oil and gas derivatives. Plastics are used in wind towers and solar panels, and oil is necessary to lubricate wind turbines. The casing of your cellphone is plastic, and the frames of your glasses likely are too, as well as many of the tools in a hospital operating room. The air frames of the Boeing 787, Airbus A350, and F-35 Joint Strike Fighter jet are all made out of high-strength, petroleum-derived carbon fiber. The number of passenger planes is expected to double in the next two decades. They are also unlikely to fly on batteries.

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topher06 said:

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Don't think I've ever seen the thread go 8 days with no posts.

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Dan Scott said:

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If oil is above 60, not too much to freak out about

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