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