/biz/ - Business & Finance

>>15183193
Don't work the oil hyper crisis is still on track to put everything back in its place

>>10005473
The companies themselves even admit they cannot keep production going

American fracking companies increased oil production 5 million barrel a day from 2008-2018, a DECADE for a measly 5mdb production, and we need that much EVERY YEAR just to keep production STEADY due to decline rates

Holy hell the magnitude of the supply shortage is so monstrous it cannot be understated

>>10005512
Nonsense, electric cars are a meme, look at oil use by sector, personal transportation is so minuscule compared to heavy industry it will not even make a dent

>>7085858
Even the oil companies themselves admit the severe state of depletion

Collapse soon, probably before 2035