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Economy
Big Oil confronts possibility of terminal demand decline
2020-07-06
Leaving the Muslim world on short rations forever after, forcing them to throw the jihadis on their own resources? What a marvelous idea.
[Rudaw] Although crude prices have rebounded from coronavirus (aka COVID19 or Chinese Plague)
...the twenty first century equivalent of bubonic plague, only instead of killing off a third of the population of Europe it kills 3.4 percent of those who notice they have it. It seems to be fond of the elderly, especially Iranian politicians and holy men...
crisis lows, oil execs and experts are starting to ask if the industry has crossed the Rubicon of peak demand.

The plunge in the price of crude oil during the first wave of coronavirus lockdowns — futures prices briefly turned negative — was due to the drop in global demand as planes were parked on tarmacs and cars in garages.
Posted by:trailing wife

#7  The world is awash with oil.

Electric surface transportation will take over by 2030.

Muslims hardest hit.
Posted by: KBK   2020-07-06 23:22  

#6  Peak oil, gold bugs, silver bugs, uranium bugs...same old gas for years and years and years. They might even get it right one day.
Posted by: Clem   2020-07-06 10:40  

#5  Malthusians and Peak Oil Bugs just keep reappearing dressed up as Expertsâ„¢...
Posted by: magpie   2020-07-06 10:31  

#4  One rent-seeking scam ends and another begins.
Posted by: Bright Pebbles   2020-07-06 09:22  

#3  Green/Climate Change nonsense was failing...until COVID-19 came along. Gee, what a coincidence.
Posted by: Clem   2020-07-06 07:41  

#2  Speculators now looking for new markets to drive the prices up.
Posted by: Procopius2k   2020-07-06 07:23  

#1  Not when there are 200 million SUVs and Pick Ups in America needing fuel.
Posted by: Shating Turkeyneck1016   2020-07-06 02:14  

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