I wonder if big oil strategy to stay in the game longer is to make oil so cheap (by only those who can afford to produce it cheaply) that you don’t really have to think about its price, while charging EVs ideologically to delay their adoption?
keanwood on
* A (kind of over) major war in the Middle East
* Ongoing attacks on Russia’s oil infrastructure
* An embargo and military action on Venezuela.
WTI under $60.
In 2008 oil hit 133 per barrel. ($208 in today’s dollars). We are drowning in oil compared to then.
BrtFrkwr on
Nothing to do with oil. Everything to do with China centralizing control of coltan and rare earths metals supply.
3 Comments
I wonder if big oil strategy to stay in the game longer is to make oil so cheap (by only those who can afford to produce it cheaply) that you don’t really have to think about its price, while charging EVs ideologically to delay their adoption?
* A (kind of over) major war in the Middle East
* Ongoing attacks on Russia’s oil infrastructure
* An embargo and military action on Venezuela.
WTI under $60.
In 2008 oil hit 133 per barrel. ($208 in today’s dollars). We are drowning in oil compared to then.
Nothing to do with oil. Everything to do with China centralizing control of coltan and rare earths metals supply.