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WSHazel

(719 posts)
3. She might be right
Tue Mar 10, 2026, 03:32 PM
14 hrs ago

Orange Rapey Grampa (“ORG”) is fighting a long term trend pushing oil prices down. Ubiquity of EVs in OECD and some of the BRICS countries, plus increasing use of renewables for power generation, are putting oil on the wrong side of history. Most actions ORG takes are to enrich himself and his oil industry buddies, although I bet many of the oil companies have had a rough couple of weeks.

Oil is more likely to be $50 than $80 six months from now unless ORG does something to reduce supply, which he might. ORG is a chaos agent deliberately making all of our lives worse.

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