re: Market to be short oil from 2025 onwards, says Occidental Petroleum CEO

quote:

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I understand that, but the natural issues of supply/demand exist with petro and aren't some conspiracy of "them".

This is one of those "kernel of truth" examples that CTs use to expand. Will a decline in petro cause a decline in our SOL? Clearly. That doesn't mean the decline in petro supply is being manufactured by some elite cabal.

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I was referring to you mentioning Peak Oil

we dont have the data to know the total of hydrocarbons on the Earth, so we can only guess when we are at the peak of it and beginning the decline portion

the peak keeps shifting because we keep finding more oil reserves and are getting better and better at recovering it

we actually have a far greater capacity problem than a production problem

and the fact that global hydrocarbon production is becoming more and more sour

of course it is in their best interest to say the commodity they are producing may become more scarce in the near future driving up the value of the thing they do