They are also more desperate. US oil needs the price to stay above 50$/barrel, and the price of WTI, currently at about 72, has been in decline for the last 3 years, trending downwards. These are desperate plees for help from an industry backed into a corner.
Ukraine cutting off Russian oil has helped with that a bit. I’d say it could start a trend if western oil companies had enough influence they could also shut down Russian exports to India or their ghost fleet to help support prices. But I seriously doubt Putin will let Trump do that.
That doesn’t matter as much because renewables have enough financial backing to mount a credible counter-campaign. Combine decent sass-back from the renewables industry with my eagerness to shitpost hard truths (there are dozens of us!). They pass the ammo, I fire it. I consciously amplify messages I agree with and I am not atypical in that regard.
People power is a force multiplier but the industry needs to clap back and SLAM fossil fuels.
The naming of the oil field as Brent oilfield is due to the naming policy of the main exploration company, Shell UK Exploration and Production, which names its oil fields after birds.
The problem is that the fossilfuckers have far deeper pockets.
They are also more desperate. US oil needs the price to stay above 50$/barrel, and the price of WTI, currently at about 72, has been in decline for the last 3 years, trending downwards. These are desperate plees for help from an industry backed into a corner.
Ukraine cutting off Russian oil has helped with that a bit. I’d say it could start a trend if western oil companies had enough influence they could also shut down Russian exports to India or their ghost fleet to help support prices. But I seriously doubt Putin will let Trump do that.
WTI?
North Sea oil is called Brent and wti is an American oil. Short for West Texas Intermediate.
Huh, TIL!
Where did the name Brent come from?
That doesn’t matter as much because renewables have enough financial backing to mount a credible counter-campaign. Combine decent sass-back from the renewables industry with my eagerness to shitpost hard truths (there are dozens of us!). They pass the ammo, I fire it. I consciously amplify messages I agree with and I am not atypical in that regard.
People power is a force multiplier but the industry needs to clap back and SLAM fossil fuels.
The naming of the oil field as Brent oilfield is due to the naming policy of the main exploration company, Shell UK Exploration and Production, which names its oil fields after birds.