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> Existing US refineries are designed for heavy I'm aware of that. Nevertheless, this is not a growth industry, and expecting riches from it in 10 years time o
by SideburnsOfDoom 10mo ago
> Existing US refineries are designed for heavy
I'm aware of that. Nevertheless, this is not a growth industry, and expecting riches from it in 10 years time or more is thinking mired in past. It's not serious.
More serious commentary on that:
https://www.politico.eu/article/the-problem-with-donald-trump-oil-obsession-venezuela/ https://www.politico.eu/article/the-problem-with-donald-trum...
https://edition.cnn.com/2026/01/08/climate/china-venezuela-oil-demand-electric-vehicles https://edition.cnn.com/2026/01/08/climate/china-venezuela-o...
https://electrek.co/2026/01/03/electric-vehicles-will-end-oil-wars-if-we-let-them/ https://electrek.co/2026/01/03/electric-vehicles-will-end-oi...
- djdkdkfkfk 10mo ago>serious commentary >electrek >politico >cnn
- SideburnsOfDoom 10mo agoI think that you misread. "more serious" than my comment. And much more so than your comment.
- laughing_man 10mo agoThat seems like wishful thinking.
- SideburnsOfDoom 10mo agoTake the graphs of solar energy, wind energy etc being deployed worldwide. Project them out 10+ years. In light of that, betting on growth in the fossil oil industry after that timeframe is what seems wishful to me. If not plain deluded: It's not serious, it's just nostalgia and vibes. It's living in the past.
- laughing_man 9mo agoI can take graphs of the oil industry and project them out the same way. It may be the oil industry falls off eventually, but it won't be in our lifetimes.