My perception of Denmark's historic decision to stop oil exploration


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Greetings friends and followers of my blog.

In this opportunity I want to share my personal analysis about Denmark's decision to stop oil exploration activities, taking into account certain factors such as economic and environmental and how this decision can impact on the mentioned areas.

This decision seems to have originated from an initiative of the Danish government to set as a fundamental objective to stop 100% of the production of hydrocarbons to estimates of the year 2050.

When a goal of such magnitude is drawn up, one has to begin with some initial decisions that can help achieve that goal. The European country took the decision to begin by announcing the end of oil and natural gas explorations in the North Sea, this area that Denmark has chosen where it announced the cessation of exploration is between Denmark and Norway and a part of the Atlantic Ocean.

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The announcement made by the Danish Minister of Climate to put a definitive end to the era of fossil fuels gives a clear connotation of Denmark as one of the pioneer countries in taking the first steps to contribute to a planet on the way to solving environmental problems and global warming.

Certainly this decision by the Danish government marks a historic moment for both the country and the European continent, since Denmark is the largest producer of oil in the European Union, although it produces much less than Norway or the United Kingdom, and that a country occupying such a position takes this decision may set the precedent for others to take some similar steps.

How is the oil activity in Denmark?

To get an idea of Denmark's oil activity I will name some figures such as the production rate per day that was estimated in the year 2019 of 103,000 barrels of oil per day, which although it is not a rate as significant as that of the big world producers always has an important meaning together with 55 drilling platforms covering 20 oil fields in its territory.

In my personal opinion I do not know if this initiative will really make other countries take a similar initiative, since the world still depends on the energy percentage that hydrocarbons contribute to the world and that in order to address this type of initiative it is necessary that clean and renewable alternative energy become sufficiently economic and highly potential.

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Comments 8


Greetings friend @carlos84.
As usual you share with us another extraordinary delivery related to the world of hydrocarbons.

On this occasion you share with us your perception of the historical decision of Denmark on the suspension of oil exploitation, where you make an extraordinary analysis that allows us to understand the issue.
Thank you for your valuable contributions in the world of hydrocarbons and for continuing to educate us about it. Successes.

18.12.2020 22:34
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Thanks to you my dear @rbalzan79 for your very positive appreciation. Greetings

20.12.2020 15:37
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Hello @carlos84
Denmark is a power, it is a country of renown, it probably has some temporary impact on others, however, I see it difficult for other countries to reach such a decision, much less if oil is one of their main sources of income.

19.12.2020 02:42
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That is right my dear friend, the idea is that the world's energy demand should be met with other sources of energy than hydrocarbons, otherwise not many countries will join this initiative.

Thank you for commenting. Greetings

20.12.2020 15:38
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Greetings dear Professor @carlos84

Without a doubt, this type of scenario has an environmental connotation. For Denmark, making this decision does not affect its economy, since historically its commercial strength is the sale of machinery, and in the background the sale of food byproducts, so the oil industry is not its main commercial motivation, now for countries like Venezuela whose economies depend exclusively on oil, it is not at all attractive to make these environmentalist decisions. However, I believe that this type of action should call on the international community to propose new strategies in the area of oil and the environment in order to create balance.

19.12.2020 02:44
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As you say, I believe that everything is in the alternative proposals to supply this oil industry, otherwise it will continue to dominate in the generation of energy worldwide.

I greet my dear professor @lupafilotaxia.

20.12.2020 15:38
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Oil is the most important resource we have and in coming years we will be needing more oil to fulfill the demand for the vehicle.

19.12.2020 06:39
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Hello @adityajainxds.

Greetings and thanks for your valuable contribution with this commentary you share in this post.

20.12.2020 15:39
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