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    - Peak Oil 101

    Started by K-Dog Nov 11, 2024, 01:05 PM

    Message path : / Planetary Material Conditions / Peak oil / Exxon Joins OPEC in Warning of Looming Oil Supply Crisis #19


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    K-Dog

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     Nov 11, 2024, 01:05 PM
    Quote from: RE on Nov 11, 2024, 11:14 AM

    Currently at $68.  I wonder who still makes a profit when the price drops into the $50s?

    https://oilprice.com/Latest-Energy-News/World-News/WTI-Breaks-Below-70-as-Demand-Concerns-Drive-Bearish-Sentiment.html

    WTI Breaks Below $70 as Demand Concerns Drive Bearish Sentiment

    RE

    Socialization for the rich.  Taxes will subsidize the extraction of every last drop.  The crisis of 2008 showed what the FSOA is willing to do to keep the gravy train of our elite going.  As long as there are proles too stupid to wonder about the big picture, and rich narcissists to exploit them.  The game goes on.

    Global fossil fuel subsidies on the rise despite calls for phase-out

    It is capitalism and die.  The decision has been made.  Fundamental changes that could save the day will not be made.

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