The climate cult exists to destroy the incomes of Islamic oil nations
Fairly certain Islamic oil nations are one of the primary beneficiaries of this cult. Simply because woke nation oil companies are the ones targeted the most, both driving up the oil (and gas) demand while lowering the supply.
Agreed. Exxon, Chevron, Shell and BP have been neutered. They all have a nice amount of proved reserves and have about another decade of production. As courts, regulators and these ESG lunatics shift the companies toward “green” R&D and away from exploration and drilling, Saudi and Russian oil companies are going to fucking mint money. And the Chinese companies will have no global competitors with the scale to exploit the projects outside the OPEC zone.
In 10 years we’re gonna see $150/bbl oil. Maybe higher. It will crush the living standards of the poor.
Fairly certain Islamic oil nations are one of the primary beneficiaries of this cult. Simply because woke nation oil companies are the ones targeted the most, both driving up the oil (and gas) demand while lowering the supply.
Agreed. Exxon, Chevron, Shell and BP have been neutered. They all have a nice amount of proved reserves and have about another decade of production. As courts, regulators and these ESG lunatics shift the companies toward “green” R&D and away from exploration and drilling, Saudi and Russian oil companies are going to fucking mint money. And the Chinese companies will have no global competitors with the scale to exploit the projects outside the OPEC zone.
In 10 years we’re gonna see $150/bbl oil. Maybe higher. It will crush the living standards of the poor.