The oil issue ... - page 10
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Someone will buy up all the oil for pennies and then when there is nothing left to produce, the price will go up and there will be a new number one oil exporter in the world.
There are basically three groups of players in the oil market. A fourth, a fifth, etc., is always superfluous. Right now, not all oil countries are producing at full capacity and oil is falling. So what is there to talk about at all if everyone is going to sell if there is already an oversupply now.
It's very simple, the fourth party will be sanctioned and banned from selling. That is the whole story. We will see who it will be.
There are basically three groups of players in the oil market. A fourth, a fifth, etc., is always superfluous. Right now not all oil countries are producing at full capacity and oil is falling. So what is there to talk about at all if everyone is going to sell if there is already an oversupply now.
It's very simple, the fourth party will be sanctioned and banned from selling. That is the whole story. We will see who it will be.
It is impossible to produce more than they buy + storage. So they produce as much as they buy, not as much as they want and not at full capacity
Still, I believe in the good prospects for oil. Everyone talks about oil as a fuel. But even Mendeleev said: "Look around you and you will find oil everywhere: computers, clothes, packaging... The Iron Age is giving way to the Plastic Age. It is used in the manufacture of car bodies, building structures and materials and for pipes.....
And even as an energy product, oil dominates - and consumption is growing. Two billion Chinese, Indians and others also want their own cars, as well as chainsaws, power tillers, cultivators and the like.
The current situation is more of a tool to solve a global geopolitical problem. The purpose of which is to weaken the influence of not only Russia but also other commodity powers.
Once the task has been completed, there will be the task of reducing production. Because the earth is choking on 7 billion cars, planes, gasoline-powered lawnmowers and everything that is easy to get from oil and hard to dispose of. To reduce production, consumption must be reduced. And to reduce consumption, you have to raise prices - make raw materials more expensive.
Someone will buy all the oil for pennies and then when there is nothing left to produce, the price will go up and there will be a new number one oil exporter in the world.
Surely oil is a non-renewable resource?
That's not what they're saying.
Does the level of consumption depend on price?
Surely oil is a non-renewable resource?
This one says otherwise.
why wouldn't it be renewable )
there's the water cycle, maybe there's also the oil cycle.
planet earth is a closed ecosystem; whatever goes there stays there.
I think over the years we should develop mechanisms to produce oil )
HH: its role for humans is clear, its role in nature is not clear (if you do not look at humans as part of nature).