As leading experts on climate change, we often get asked if there’s hope for the planet — but it may surprise people that we find more cause for optimism than despair.
Lets just put it like this. There is a reason OPEC tries to keep prices stable and this set up massivly increases the likelyhood for wars in the Middle East, which in turn can create incredible price spikes in the oil market, while at the same time having the option of lowering prices below break even at times. All of that with falling oil demand and it is a recipe for disaster for oil companies.
Lets just put it like this. There is a reason OPEC tries to keep prices stable and this set up massivly increases the likelyhood for wars in the Middle East, which in turn can create incredible price spikes in the oil market, while at the same time having the option of lowering prices below break even at times. All of that with falling oil demand and it is a recipe for disaster for oil companies.
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