Tuesday, April 21, 2020

Irony department

From the New York Times - Oil Industry braces for devastation:
...the global oil industry is producing vastly more oil than the world needs — about 30 million barrels a day too much. Even if the federal government started buying oil for the reserve immediately, it could absorb only half a million barrels a day, or less than 2 percent of the excess world production.
Of course we were starting to change course and move to renewables, but then somebody decided to double down on the dead dinosaurs.

Why the oil collapse might be bad for the environment.

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