4 ms·
Not all demand is equal. If your customers are Indians, Chinese, and Filipinos, your ability to sell $100/barrel oil (needed to balance budgets in many of these
by ArkVark 6y ago
Not all demand is equal. If your customers are Indians, Chinese, and Filipinos, your ability to sell $100/barrel oil (needed to balance budgets in many of these countries) is much weaker than if your customers were Americans, Germans, and Japanese.
It is unfortunate from a short-term local human perspective but Saudi Arabia devolving into anarchy would be excellent from a climate change point of view - a huge amount of CO2 would be locked into the ground and the price spike would dramatically speed up electrification of transport.