So… Tell me about the oil. I hear the cancellation of green projects and the forced operation of coal plants. But the barrel price is way down. Are they inept at cornering the fossil fuel industry? What’s happening?
I don’t believe these guys have an endgame. They’re ignoring the crash and burn as someone else’s problem since they’re all old as hell, or are sure the money they pilfered will allow them to ride out the wave of devestation.
So… Tell me about the oil. I hear the cancellation of green projects and the forced operation of coal plants. But the barrel price is way down. Are they inept at cornering the fossil fuel industry? What’s happening?
The us refineries in the south only refine tar oil like Venezuela and Canada’s.
They’re doing this so they don’t have to do massive retrofits. It’s literally corporate interests.
trump said he is going to let big oil companies into Venezuela to rebuild the oil infrastructure.
Not only is it literally corporate interests, they aren’t even trying to hide that fact.
China did really well with renewable, and we didnt. So we double down on oil…
But what’s the endgame? Dump a lot of oil on the market, crash the price, devastate the US oil industry?
I don’t believe these guys have an endgame. They’re ignoring the crash and burn as someone else’s problem since they’re all old as hell, or are sure the money they pilfered will allow them to ride out the wave of devestation.
Right? The usual would be to corner the market then demand a much higher price.
The end game is the exact opposite of what GHINA did. Are you new here? There is no end game!