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Man descending staircase, Getty

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.

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Why the oil collapse might be bad for the environment.

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