The petroleum industry is going broke:
thehillsgroup
Producers can no longer replace the reserves that they are extracting. They are now selling their assets (their reserves) to stay in business. The price only has a few more dollars to rise before enough demand destruction sets in to drive the price back down. That’s what the curve shown above is all about. Since oil powers 38% of the world’s economy when it is gone, so also will be the world’s economy. The industry will then lose the ability to drill a bunch of holes in the ground, and the world will have lost the ability to support 7.2 billion people.

Russland hat noch billiges Öl!

Saludos

el mar

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Ave Big Pharma, morituri te salutant