BP has confirmed that half the world's known oil reserves will never be used and are worthless. This article speculates about political consequences.

The article also talks about reviving carbon capture, but that technology was only hypothetical. If it is ever made to work, let's do it, but don't pretend it is available technology.

The plan to make hydrogen from methane is misguided. Methane wells leak lots of methane. Transporting methane leaks too. To add to that, making hydrogen from natural gas releases CO2! That is a bad way to make hydrogen.

As for the idea that there is something wasteful about using green electricity to make hydrogen, that would make sense if we were hitting a limit on supply of solar and wind energy. The real limit is how much of those facilities we build, and we can ramp that up.

Meanwhile, how come Greece, Cyprus and Turkey are still fighting about possible oil reserves under the sea? Have they not grasped this news? Or is there something not known to me, nor described in the article, which makes those new undersea reserves worth something despite all the other known reserves that won't be used?