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@AP No one is facing up to the scale of the demand crash.

We normally produce 80-million+ barrels a day, and half the world (the rich half, mostly) is under lockdown.

Do we need 3/4 of the oil we did? 1/2? 1/4?

20-million+, 40-million+ or 60-million+ barrels/day less?
@AP Does the lockdown end in several months?

A year or more from now, when we (hopefully) have a vaccine?

How much will our consumption habits have changed by then?

How much renewable power will have been installed?

How many vehicles will be hybrid or electric?
@AP How long will it take to recover from what is effectively a depression?

Then look at the underlying math for oil coming out of this era, which is even worse.
Read 47 tweets
@business .@business Very useful for Russia, Iran and the Saudi's Aramco IPO.

But just pointing out we could dump algae in biodigesters, produce unlimited natural gas & recycle the waste on 6/23/14 preceded oil prices peaking 6/24/14 & plummeting by 75%.
@business .@business To sum up:
Algae rotting in biodigesters can make all the methane (natural gas) that you need.

Conventional GTL (gas-to-liquid) technology converts NG to oil at $25/barrel *without* pricing in de facto free energy or feedstocks.
futureimperative.blogspot.com/2011/07/amazon…
@business .@business A biodigester is a covered trench lined with block, w/a slurry of waste & water decomposing inside. Not exactly the most difficulty engineering feat if you have the lined hole and a sheet of plastic.
Read 40 tweets

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