End-game for denialist uber-buffoons and comfort-seekers
One year ago:
The multi-trillion dollar assumption:
The multi-trillion dollar assumption:
Today: Forever isn't as long as it used to be...
Oil companies invested trillions in new exploration over the past several years based upon presumed levels of demand that they anticipated would exist today, based upon linear extrapolation of past growth rates. That demand never materialized, because Emerging Markets are the marginal consumer of oil and the Global Economy is now slowing. Rapidly.
Still, we are constantly told that the "problem" is solely due to supply, because today's uber-buffoons fabricated a new economic model that takes into account supply but ignores demand. It's their one-sided equilibrium that ignores all past demand assumptions. Sure.
We can believe them, or just open our eyes...
All Commodities with global growth rate (black line):
This is a "supply" issue that just happens to be affecting every single commodity at the exact same time...
This is a "supply" issue that just happens to be affecting every single commodity at the exact same time...
Carbon sequestration, the old fashioned way: