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State oil companies are much bigger the international oil companies we call Big Oil. If Exxon cuts back or stops there is plenty of surplus in Russia, Saudi Ar
by fwungy 3y ago
State oil companies are much bigger the international oil companies we call Big Oil.
If Exxon cuts back or stops there is plenty of surplus in Russia, Saudi Arabia and Iran to make up the shortfall.
There are trillions of dollars in state owned oil reserves that no one is walking away from.
- bequanna 3y agoRussia and Saudi Arabia have no incentives at all to slow production. Even if you think they buy into climate change, Russia would net benefit from warming and SA would be largely unaffected.
- sebazzz 3y agoIf you're referring to the climate, wasn't there a huge siberian forest fire a few years ago?
- red-iron-pine 3y agoCanada, Siberia, and parts of N. Europe are burning pretty consisntaly.