Ukraine - Russia Conflict
- Thread starter randomradio
- Start date
The name will seem foolish to future generations when they decide to take up a more scientific thought process and discard the notion of race, like biologists have already done.
Oil will become less dominant than today, but economic growth and rising population will see that the remaining uses of oil still make it an important commodity, just not as important. We won't see prices like today in real terms, but it will still be valuable.
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U.S. sending Ukraine two surface-to-air missile systems -Pentagon
The United States is sending Ukraine two NASAMS surface-to-air missile systems, four additional counter-artillery radars and up to 150,000 rounds of 155mm artillery ammunition as part of its latest weapons packages for Ukraine, the Pentagon said on Friday.
www.reuters.com
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It's a good strategy to hit their ammo storage now that Russia is starting to get thin on ammo. it's slow but I think this strategy of hitting their supplies and high ranking personnel is going severely hurt.U.S. sending Ukraine two surface-to-air missile systems -Pentagon
The United States is sending Ukraine two NASAMS surface-to-air missile systems, four additional counter-artillery radars and up to 150,000 rounds of 155mm artillery ammunition as part of its latest weapons packages for Ukraine, the Pentagon said on Friday.
You usually catch a few military personnel and vehicles pottering around near ammo dumps as well.
Poor countries will end up making new investments in oil alternatives. It's also why India is expected to easily achieved Paris Agreement goals.
Plus the Western financial system has lost its trust within the TW after the sanctions on Russia. So poor countries are focusing more on renewables than before the war to reduce oil consumption.
While oil consumption will increase, and driving growth will come from developing countries, it won't make as much money as it is doing now because richer countries led by Europe will diversify quickly first. Even earlier projections reduced from 2040 peak at 114 mbpd to now almost 2030 peak, way less than 114mbpd, and this was before the war. It's basically around 100 mbpd today. The peak is expected now in less than 5 years.
Oil demand could peak in next 2-5 years: McKinsey report
The primary driver for the reduction in growth is likely to be a slowdown in the demand growth for road transport, the report added.
Putin is likely mobilizing the Russian economy and industry to sustain the ongoing war effort Institute
Putin is likely mobilizing the Russian economy and industry to sustain the ongoing war effort Institute
ednews.net
They will but the growth of the economy will still increase oil use in other areas, even if it doesn't affect transport. That said, how many EVs are whipping about in India and Vietnam say. And even if they were, you still need oil. Then you have rising commercial and industrial uses, some of which don't involve emissions. Lubricants, solvents, petrochemical feedstocks, LPG. Vulcanisation in rubber production, petroleum coke, waxes, tar, binders in asphalt. Oil companies will likely diversify into other uses as transportation uses diminish too. There are carbon capture schemes and also a market for hydrogen which can be extracted from crude oil. If the hydrogen economy kicks off that could be big. I expect an electric vs hydrogen car war in the coming years, with some crossover in power generation.Poor countries will end up making new investments in oil alternatives. It's also why India is expected to easily achieved Paris Agreement goals.
Plus the Western financial system has lost its trust within the TW after the sanctions on Russia. So poor countries are focusing more on renewables than before the war to reduce oil consumption.
While oil consumption will increase, and driving growth will come from developing countries, it won't make as much money as it is doing now because richer countries led by Europe will diversify quickly first. Even earlier projections reduced from 2040 peak at 114 mbpd to now almost 2030 peak, way less than 114mbpd, and this was before the war. It's basically around 100 mbpd today. The peak is expected now in less than 5 years.
Oil demand could peak in next 2-5 years: McKinsey report
The primary driver for the reduction in growth is likely to be a slowdown in the demand growth for road transport, the report added.www.businesstoday.in
Only in India. If you invade a European democracy you get sanctioned. There is literally nobody who didn't already know that.
No, I agree, it won't be as valuable, but it will still be very valuable. Oil is definitely not going the way of VHS Cassettes and Blockbusters.