Wednesday, October 21, 2020
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    Just Have a Think | Is Big Oil finally getting stranded? | VIDEO

    Oil producers large and small are hemorrhaging money in a way that is genuinely threatening to their existence, and people are learning how to work from home in a way that may mean we choose to travel far less when the pandemic finally ends. So is this a 'Perfect Storm' that spells the end for BIG OIL?

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    Just Have a Think

    A warm World Village welcome to Dave Borlace and his awesome YouTube Channel – Just Have a Think. You will learn much!

    Dave’s channel seeks to understand the issues that face our civilization in the 21st Century and focusses on the potential solutions that will save as many lives as possible and hopefully bring about a greater level of equality in the world. The channel is not a debating forum about whether Human Induced Climate Change is a real phenomenon or not. If that’s what you’re after then I can highly recommend chat forums on Social Media, where people on both sides of the argument go round and round in circles achieving precisely nothing at all.

    Thanks to Russia and Saudi Arabia, global oil production has not decreased in reaction to the abrupt halt in our economies. That means all the pipelines, all the oil tankers, all the refineries and all the storage facilities are full to capacity with a commodity that nobody can use right now. Oil producers large and small are hemorrhaging money in a way that is genuinely threatening to their existence, and people are learning how to work from home in a way that may mean we choose to travel far less when the pandemic finally ends. So is this a ‘Perfect Storm’ that spells the end for BIG OIL?

    Help support and influence the growth of the Just Have a Think initiative here: patreon.com/justhaveathink

     

     

    View all Just Have a Think videos here : youtube.com/c/JustHaveaThink 

    Research Links

    INTERNATIONAL ENERGY AGENCY REPORT .iea.org/articles/the-glob…

    RYSTAD REPORT rystadenergy.com/globalas…

    GUARDIAN ARTICLE theguardian.com/environme…

    BLOOMBERG REPORT ON REFINERIES bloomberg.com/news/articl…

    GREENPEACE ARTICLE greenpeace.org/internatio…

    #strandedassets  #bigoil  #coronavirus

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