Flood of Oil Is Coming, Complicating
Efforts to Fight Global Warming
New York Times,
by
Clifford Krauss
Original Article
Posted By: NorthernDog,
11/4/2019 8:01:43 AM
The flood of crude will arrive even as concerns about climate change are growing and worldwide oil demand is slowing. And it is not coming from the usual producers, but from Brazil, Canada, Norway and Guyana — countries that are either not known for oil or whose production has been lackluster in recent years. This looming new supply may be a key reason Saudi Arabia’s giant oil producer, Aramco, pushed ahead on Sunday with plans for what could be the world’s largest initial stock offering ever. Together, the four countries stand to add nearly a million barrels a day to
Reply 1 - Posted by:
winmag 11/4/2019 8:06:35 AM (No. 226609)
Hey Slimes, the free market sucks right?
19 people like this.
Reply 2 - Posted by:
TulsaTowner 11/4/2019 8:11:57 AM (No. 226613)
Horrors!
10 people like this.
In related news, lots of kids are losing baby teeth, causing concerns among the tooth fairy union.
“The only solution is more abortions, in lasting post-term abortions,” expounded Head Fairy Nancy Pelostree. “We must end the damage caused by breeders and unwanted baby tooth makers.”
10 people like this.
Reply 4 - Posted by:
John C 11/4/2019 8:15:27 AM (No. 226620)
The Mass legislators have proposed a substantial tax increase "to fix road and bridges". Gas prices going down won't benefit drivers in MA. They gave themselves a huge raise last year. One party rule (Dems) in MA.
11 people like this.
Reply 5 - Posted by:
Northcross 11/4/2019 8:21:03 AM (No. 226626)
But you guys told us the oil would run out by 1995. What gives?
28 people like this.
Reply 6 - Posted by:
Bur Oak 11/4/2019 8:21:07 AM (No. 226627)
Great news! Happy Veterans' Day.
13 people like this.
Reply 7 - Posted by:
Strike3 11/4/2019 8:33:34 AM (No. 226644)
"Complicating efforts to force people to buy little electric cars and overpriced Teslas." Fixed it.
If the blackouts in California that forced commuters to park them in their dark garages wasn't enough of a hint, what's next, a two by four upside the head? GM may recover from their strike but that ditzy CEO's decision to base their future on electric cars is going to cost a lot investors a lot of money. I'll ride a bicycle first.
22 people like this.
Reply 8 - Posted by:
WhamDBambam 11/4/2019 8:43:54 AM (No. 226654)
Oh, no, cheap energy! We're doomed!!!
24 people like this.
Reply 9 - Posted by:
cThree 11/4/2019 8:46:25 AM (No. 226659)
The New York Times.
What an embarrassment.
Come to think of it, though, now that Mad Magazine has gone, there's a niche market open for the Old Gray Lady.
11 people like this.
Reply 10 - Posted by:
JunkYardDog 11/4/2019 8:51:41 AM (No. 226665)
Norway is giving Greta & her globalist minders a big middle finger right here.
6 people like this.
Reply 11 - Posted by:
heartsurgeon 11/4/2019 9:18:04 AM (No. 226701)
Remember the "Peak Oil" predictions.
14 people like this.
Reply 12 - Posted by:
Clinger 11/4/2019 9:22:25 AM (No. 226710)
I'll go with this correction: "complicating efforts at defrauding the entire world into surrendering to one world communism."
11 people like this.
Reply 13 - Posted by:
WV.Hillbilly 11/4/2019 9:45:36 AM (No. 226739)
You say that like it's a bad thing.
3 people like this.
Reply 14 - Posted by:
BeatleJeff 11/4/2019 9:59:28 AM (No. 226752)
Last night I was watching a program on ancient Egypt. It told how much of Egypt was once fertile green land, but about 6000 years ago climate change turned the green land into the Sahara we know today, pushing the population closer to the Nile. It got me to thinking: so ancient Egyptians had SUVs? It just goes to show that climate change as defined by libtards today is a hoax.
15 people like this.
Reply 15 - Posted by:
LadyHen 11/4/2019 10:08:13 AM (No. 226765)
That the NYTimes thinks more oil, more business, more economic growth, more energy independance, and more jobs are all BAD things tells you all you need to know. My only conclusion is that they simply hate humans.
11 people like this.
And the pump prices won’t change a dime i bet.
4 people like this.
Reply 17 - Posted by:
bhkat 11/4/2019 10:46:07 AM (No. 226809)
People being able to live their lives the way they want and get themselves out of poverty on their own is terrifying to the left.
10 people like this.
Reply 18 - Posted by:
DVC 11/4/2019 12:27:48 PM (No. 226920)
Fantastic, great news.....which of course makes the lunatic leftist propagandists at the NYT want to cry.
Free markets, and the lowest cost solution to ALL energy needs is PETROLEUM and NATURAL GAS (and the compressed fractions sold as propane or LP gases).
Cry yourselves to sleep, commie propagandists. The free market is hear and gasoline and diesel and airline fuel will be cheaper in the future.
So much for the "peak oil" fairy tale.
3 people like this.
Reply 19 - Posted by:
DVC 11/4/2019 12:30:38 PM (No. 226925)
Sorry for "hear" instead of "here". I actually do know the difference, but in a hurry, sometimes my fingers get off on the wrong track. Sigh.
0 people like this.
Reply 20 - Posted by:
MindMadeUp 11/4/2019 1:12:02 PM (No. 226960)
Oil lubricates the free market economies of the world and as we all prosper under capitalism, the lies of socialism/communism become harder and harder to perpetuate.
2 people like this.
Reply 21 - Posted by:
DVC 11/4/2019 1:34:44 PM (No. 226976)
#15, it was caused by too many four horse high powered chariots.
2 people like this.
Reply 22 - Posted by:
kdog 11/4/2019 2:08:04 PM (No. 227003)
One of the best parts of this is the decline in world-wide significance of the backward cultures in the Middle East.
3 people like this.
Reply 23 - Posted by:
Peeps 11/4/2019 10:08:54 PM (No. 227315)
Concerns about 'climate change' aren't growing. At least not among normal folk.
1 person likes this.
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Too much oil. Libs preferred the Carteresque 'energy crisis' mode with everyone worried about imaginary problems.