you are viewing a single comment's thread
view the rest of the comments
[–] 15 points 10 months ago (7 children)

So... Tell me about the oil. I hear the cancellation of green projects and the forced operation of coal plants. But the barrel price is way down. Are they inept at cornering the fossil fuel industry? What's happening?

  • source
  • parent
  • hideshow 7 child comments
  • [–] 20 points 10 months ago (1 child)

    The us refineries in the south only refine tar oil like Venezuela and Canada’s.

    They’re doing this so they don’t have to do massive retrofits. It’s literally corporate interests.

  • source
  • parent
  • hideshow 1 child comment
  • [–] 2 points 10 months ago

    trump said he is going to let big oil companies into Venezuela to rebuild the oil infrastructure.

    Not only is it literally corporate interests, they aren’t even trying to hide that fact.

  • source
  • parent
  • [–] 7 points 10 months ago (4 children)

    China did really well with renewable, and we didnt. So we double down on oil...

  • source
  • parent
  • hideshow 4 child comments
  • [–] 9 points 10 months ago (3 children)

    But what's the endgame? Dump a lot of oil on the market, crash the price, devastate the US oil industry?

  • source
  • parent
  • hideshow 3 child comments
  • [–] 9 points 10 months ago

    I don't believe these guys have an endgame. They're ignoring the crash and burn as someone else's problem since they're all old as hell, or are sure the money they pilfered will allow them to ride out the wave of devestation.

  • source
  • parent