06-14-2024, 04:31 AM
https://www.cnbc.com/2024/06/12/big-oil-given-stark-warning-as-a-major-supply-surplus-expected-by-2030.html
“The IEA said this would result in levels of spare capacity not seen before — other than at the height of the Covid-19 lockdowns in 2020.”
“This report's projections, based on the latest data, show a major supply surplus emerging this decade,”
https://oilprice.com/Latest-Energy-News/World-News/OPEC-Slams-IEA-for-Dangerous-Forecast-of-Peak-Oil-Demand-by-2030.html
“OPEC Slams IEA for “Dangerous” Forecast of Peak Oil Demand by 2030”
We have the technology to get away from fossil fuels. Unsurprisingly some people (OPEC) would prefer we didn’t.
I remember when we ran out of storage space and the price of oil went negative when we had disastrous leadership. https://www.bbc.com/news/business-52350082
Thank god we don’t have anybody coming in to power whose solution to all our problems is drill baby drill. Or anybody who might owe favors because their son in law got 2 billion dollars from one of the countries that founded OPEC who would prefer we stay dependent on oil…
“The IEA said this would result in levels of spare capacity not seen before — other than at the height of the Covid-19 lockdowns in 2020.”
“This report's projections, based on the latest data, show a major supply surplus emerging this decade,”
https://oilprice.com/Latest-Energy-News/World-News/OPEC-Slams-IEA-for-Dangerous-Forecast-of-Peak-Oil-Demand-by-2030.html
“OPEC Slams IEA for “Dangerous” Forecast of Peak Oil Demand by 2030”
We have the technology to get away from fossil fuels. Unsurprisingly some people (OPEC) would prefer we didn’t.
I remember when we ran out of storage space and the price of oil went negative when we had disastrous leadership. https://www.bbc.com/news/business-52350082
Thank god we don’t have anybody coming in to power whose solution to all our problems is drill baby drill. Or anybody who might owe favors because their son in law got 2 billion dollars from one of the countries that founded OPEC who would prefer we stay dependent on oil…
