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CNN: Leftist-green nutjobs are squaking about "peak oil" again
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RichA
2021-10-13 15:02:39 UTC
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Remember "peak oil?" It was to have hit in 1980, eventually plunging the world into chaos as oil reserves were used-up. Didn't happen of course, the KOOKS being oblivious to exploration and technology changes that yielded far more oil. Now, they're at it again:

https://www.cnn.com/2021/10/13/energy/iea-world-energy-outlook-climate/index.html
ZZyXX
2021-10-13 19:41:39 UTC
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Post by RichA
https://www.cnn.com/2021/10/13/energy/iea-world-energy-outlook-climate/index.html
and yet, contrary to the idea of market forces, oil prices keep rising
RichA
2021-10-13 22:14:56 UTC
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Post by ZZyXX
Post by RichA
https://www.cnn.com/2021/10/13/energy/iea-world-energy-outlook-climate/index.html
and yet, contrary to the idea of market forces, oil prices keep rising
Demand is not outstripping supply yet. The people who don't have fuel can't afford it, like Lebanon.
So trying to sell them wind and solar power at 2x the price won't work well.
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