In truth, #FossilFuels have no future. If the #PetroStates want a future economy, want to avoid the #OilCrash, they need to push hard for #JustTransition measures to support their own transition to a productive economy without #oil, not cling to their slippery rock as the tides turns against them.
Middle East tensions escalate as Israel-Saudi Arabia peace deal faces uncertainty, impacting global oil markets. 🌍💣 #MideastCrisis #OilCrash got something in your amazon cart? before you check out, click this link: tinyurl.com/amazondiscou...
Ural Oil Price Plunge
Russia's flagship crude has collapsed from $80+ to <$60 in 12 months. Sanctions and overproduction punishing Putin's regime as every dollar lost means $7M/day less revenue. Even price caps are moot as Moscow bleeds cash. OPEC's output surge chokes income. #OilCrash #Russia
Peep my pinned post and discuss..,
#leftist #memes #politics #radical #anarchism #gas #cubicmile #labor #peakoil #energy #economics #anticapitalism #netenergy #sustainability #socialecology #solarpunk #marxist #anarchy #infographic #oil #petroleum #oilcrash #Cuba #climatechange #collapse
Very entertaining read on why it is infeasible to turn rich during the #oilcrash by buying oil now and storing it in your basement.
www.bloomberg.com/news/articles/2015-11-03...
Does petrol go off? Asking for a friend #OilCrash
