...and another sliding scale of how much oil is being traded vs the level of demand, translating into trading prices. You may stop drilling to cut your losses, you may stop drilling to keep next year's price high, but you will stop drilling.
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Even if there weren't any climate concerns, "drill till it's all gone" would be terrible business practice - a good way to cash in if, and for as long as, demand is rising, but a good way to go broke in pretty much every other situation.
sep 1, 2025, 9:47 am • 2 1 • view
The quest for the subject area in which Kemi Badenoch *does* know what she's talking about continues.
sep 1, 2025, 9:47 am • 3 1 • view
(You can see this in real time with US fracking industry and recent price fluctuations.)
sep 1, 2025, 9:59 am • 1 0 • view