Post #2871507

2026-05-06 00:51 UTC

@oscarjiminy@aus.social Many people think American oil production will last a lot longer. If oil prices stay high, the history is we'll figure out how to get it out of the ground. Then again I've also read that Saudi is in rapid decline and hiding it. Who really knows?

Replies (1)

@oscarjiminy@aus.social 2026-05-06 01:02

@mike805@noc.social UAE've been keen to leave OPEC in order to better fund a decarbonized economy while oil demand is still good 'Producers that are able to pump more crude, and can tolerate lower oil prices, are expected to abandon any limits on crude production in favour of monetising their remaining reserves before demand for fossil fuels begin to decline' https://www.theguardian.com/business/2026/apr/28/uae-quit-opec-oil-exporters-cartel-donald-trump re who knows, i like to think folks who've dedicated their professional lives studying a specialty area know better than media opinionators who might harvest high yield clicks on the back of a comment like gulf supply's in undisclosed decline (in addition to a likely kickback from some fracking lobby)

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