Oil prices sky high but Middle East oil producers have no revenue, American terrorists said cannot sell

It does not need fossil fuel to run out eventually. Just replacing the bulk of fossil fuel consumed globally with renewables is enough to do damage to oil producers all over the world. Oil too cheap from less demand is detrimental to the bottom line of oil producers. Moreover, there is a certain line to look at regarding cost of production and break-even point. Cutting down production also does the same to the oil producers. Just look at the Middle East oil producer's predicament in just two months of blockade.

Countries like the USA can continue to lead the fight against climate change by calling it a hoax, against the adoption of EVs, demonizing wind turbines for killing birds, demonizing solar panels for spying and promoting gloom and doom about dams in China and everywhere else using environmental issues. All having the motive to monopolize global fossil fuel under its total control all targeting particularly China but hurting allies as well. The seizing of Iraqi oil and Venezuelan oil were just part of the deal, with Iranian oil now on the cards. The USA already controlled the Gulf States oil production, so whether the USA takes over or not is a moot point.

With the world now seeing the problem with fossil fuel starting to migrate largely to renewables, it does pose a question to the USA about whether controlling global oil production makes any meaningful purpose in time to come. China will just show the way to de-fossilization and benefitted from a world migrating its energy needs. China is to be the thorn in the side of the USA in energy matters in the coming decades.


Anonymous