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Growth expected to return by 2022 then? European oil providers supplies were supposed to be contracting by 2028 according to data from Rystad, before the pandem
by orwin 6y ago
Growth expected to return by 2022 then? European oil providers supplies were supposed to be contracting by 2028 according to data from Rystad, before the pandemic, mostly because of below ground issues (and with very, VERY optimistic previsions concerning above ground issues imo). So anyway, Covid or not, European industrial production will peak this decade.
Times will be harder and harder for a lot of people.
- abyssin 6y agoA bad economy is good for the climate, which is good for the economy.
- throwaway_pdp09 6y agoAnd that's what an optimist looks like.
- ars 6y agoI'm bad economy means no money for environmental projects. It's not a good thing.
- Ghjklov 6y agoBad economy might lead to wars and conflicts. But if it kills a lot of people, I guess that's good for the climate in the long game. Wars are also great for the economy assuming you survive. Wow, the outlook for the next decade is fantastic.
- abyssin 6y agoI personally can hardly handle thinking about the future without taking the possibility of conflicts caused by the climate mess into account.
- mercer 6y agoI don't know your age, but I've been rather worried about the fact that almost all my < 30 years old friends seem to be some degree of 'doomer'. Whether it's climate, the economy (and the prospects of retirement), or even just expectations if what their next few decades will be like. Obviously I don't just worry that they feel this way, but also that they probably have a good reason for feeling this way, but either way it's worrying.
- vslira 6y agoWouldn't a move to renewable / greener energy sources (I realize that in Europe oil is used in transportation and heating mostly instead of direct electricity generation) remove the necessary connection between oil demand and industrial production?