Grim news on oil
From the leaked portions of the IEA report as reported in the Financial Times.
“the natural annual rate of output decline is 9.1 per cent, the International Energy Agency says in its annual report… The agency says even with investment, the annual rate of output decline is 6.4 per cent.”
After that analysis they still expect: “oil consumption in 2030 to reach 106.4m barrels a day, down from last year’s forecast of 116.3m b/d.”
Were in deep dodo and these clowns, whom are charged with finding solutions, have been drinking their own Kool-Aid.
From the leaked portions of the IEA report as reported in the Financial Times.
“the natural annual rate of output decline is 9.1 per cent, the International Energy Agency says in its annual report… The agency says even with investment, the annual rate of output decline is 6.4 per cent.”
After that analysis they still expect: “oil consumption in 2030 to reach 106.4m barrels a day, down from last year’s forecast of 116.3m b/d.”
Were in deep dodo and these clowns, whom are charged with finding solutions, have been drinking their own Kool-Aid.
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