“Oil’s Big Dive” (by Peter Sinclair)


From Peter Sinclair’s Climate Denial Crock of the Week.

Climate Denial Crock of the Week

heartofsea

I posted last week the news that Saudi Arabia seems to have recognized that the age of Oil is drawing to an  end.

Below, Amory Lovins Whale oil analogy might have seemed quixotic a few years ago. Now?

Tom Dispatch:

Sunday, April 17th was the designated moment.  The world’s leading oil producers were expected to bring fresh discipline to the chaotic petroleum market and spark a return to high prices. Meeting in Doha, the glittering capital of petroleum-rich Qatar, the oil ministers of the Organization of the Petroleum Exporting Countries (OPEC), along with such key non-OPEC producers as Russia and Mexico, were scheduled to ratify a draft agreement obliging them to freeze their oil output at current levels. In anticipation of such a deal, oil prices had begun to creep inexorably upward, from $30 per barrel in mid-January to $43 on the eve of the gathering. But far from restoring…

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About hypergeometric

See http://www.linkedin.com/in/deepdevelopment/ and http://667-per-cm.net
This entry was posted in American Petroleum Institute, Bloomberg New Energy Finance, BNEF, bridge to nowhere, Carbon Worshipers, Chevron, citizenship, clean disruption, conservation, consumption, corporate litigation on damage from fossil fuel emissions, corporate supply chains, decentralized electric power generation, decentralized energy, demand-side solutions, destructive economic development, disruption, distributed generation, economics, energy, energy reduction, energy utilities, engineering, extended supply chains, Exxon, fossil fuel divestment, fossil fuels, fracking, Gulf Oil, investing, investment in wind and solar energy, local generation, methane, natural gas, petroleum, pipelines, public utility commissions, PUCs, rate of return regulation, rationality, reasonableness, regime shifts, regulatory capture, resiliency, risk, Sankey diagram, solar domination, supply chains, Texaco, the tragedy of our present civilization, the value of financial assets, utility company death spiral. Bookmark the permalink.

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