The next 50 years will be different, argues Vijay Vaitheeswaran in a special report
the United Arab Emirates from Fujairah, a tanker-filled port on the Gulf of Oman, towards the Persian Gulf and you get a sense of the vulnerability arid lands have to climate change. The farms around Dhaid provide a splash of green, but homegrown food is scarce, homegrown staples next to non-existent. Drinkable water comes mostly from desalination plants. The heat is growing inhumane; outside work is banned during the hottest hours of summer afternoons.
The emirates are thus the world in microcosm. The disastrous hazards of climate change are manifest. The oil industry has never been bigger. When demand slumped during the covid-19 pandemic some hoped that it would never return to its previous heights. But it has since surpassed them. In 2023 the world produced 101.8m bpd, according to the International Energy Agency . Carbon-dioxide emissions from oil in that year are estimated to have reached 12.
“It’s hard to overstate the shock to the American psyche from the seemingly overnight skyrocketing of prices, stations running out of fuel and long lines,” says Jason Bordoff, an energy policy expert whose father’s petrol station in Brooklyn was besieged by angry customers.
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