There's nothing wrong with the Norwegian approach of excessive extraction combined with demand destruction. It just forces the Saudis to cut their production even more as they want to keep prices high.
There's too much focus on supply in environmental circles. The IEA forecasts an excess of a staggering 8 million barrels per day by 2030 due to peaking demand. The only question is who will have to cut this time.
There's too much focus on supply in environmental circles. The IEA forecasts an excess of a staggering 8 million barrels per day by 2030 due to peaking demand. The only question is who will have to cut this time.