31–40 of 91 posts
And demand will probably go up a lot further still. Right now fuel prices are kept artificially low by every country releasing their strategic reserves, but these will run out at some point. Europe is heading into the worst energy crisis since at least the 1970s, possibly worse. And yet very little is happening to prepare for it. Definitely some fun times ahead.
And demand will probably go up a lot further still. Right now fuel prices are kept artificially low by every country releasing their strategic reserves, but these will run out at some point. Europe is heading into the worst energy crisis since at least the 1970s, possibly worse. And yet very little is happening to prepare for it. Definitely some fun times ahead.
Earlier quoted context omitted.
The US is on pace to run out of its strategic reserve in ~2 weeks.
I don't think that's true, but if it is then Iran would be foolish to make a deal right now.
And demand will probably go up a lot further still. Right now fuel prices are kept artificially low by every country releasing their strategic reserves, but these will run out at some point. Europe is heading into the worst energy crisis since at least the 1970s, possibly worse. And yet very little is happening to prepare for it. Definitely some fun times ahead.
The US is on pace to run out of its strategic reserve in ~2 weeks.
It’s so wild to me to make a multiyear purchasing decision based upon recent events. My next car will be an EV not suggesting it’s a bad decision however I’m still blown away by statistics like this.
Climate change has been in the zeitgeist for decades now. Pretty sure many people are cognizant of this and want to move away from fossil fuels. This is just a boost to do so.
It’s so wild to me to make a multiyear purchasing decision based upon recent events. My next car will be an EV not suggesting it’s a bad decision however I’m still blown away by statistics like this.
It’s so wild to me to make a multiyear purchasing decision based upon recent events. My next car will be an EV not suggesting it’s a bad decision however I’m still blown away by statistics like this.
> It’s so wild to me to make a multiyear purchasing decision based upon recent events. Recent events? Russia going rogue and the US going haywire both happened a decade ago at least. Those are two major suppliers of fossil fuel for Europe. The current trend was bound to happen, it only required time for the industry to pivot.
Earlier quoted context omitted.
> It’s so wild to me to make a multiyear purchasing decision based upon recent events. Recent events? Russia going rogue and the US going haywire both happened a decade ago at least. Those are two major suppliers of fossil fuel for Europe. The current trend was bound to happen, it only required time for the industry to pivot.
We're commenting on the fact that demand has surged in the last few months. Russian and American behavior from a decade ago didn't (directly) cause that.