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2020 Will Be A Crucial Year For Oil

2020 Will Be A Crucial Year For Oil thumbnail

It’s the start of a new year and a new decade, and the oil market is as unpredictable as ever.

Will OPEC+ extend its cuts? Will U.S. shale finally grind to a halt? Is this the “year of the electric vehicle”? Here are 10 stories to watch in 2020.

Shale debt, shale slowdown. The debt-fueled shale drilling boom is facing a reckoning. Around 200 North American oil and gas companies have declared bankruptcy since 2015, but the mountain of debt taken out a few years ago is finally coming due. Roughly $41 billion in debt matures in 2020, which ensures more bankruptcies will be announced this year. The wave of debt may also force the industry to slam on the breaks as companies scramble to come up with cash to pay off creditors.

Year of the EV. Some analysts say that 2020 will be the “year of the EV” because of the dozens of new EV models set to hit the market. In Europe, available EV models will rise from 100 to 175. The pace of sales slowed at the end of last year, but the entire global auto market contracted. EVs may struggle to keep the pace of growth going, but EVs are capturing a growing portion of a shrinking pie.

Climate change. 2020 starts off with hellish images from the out-of-control Australian bushfires. 2019 was one of the warmest years on record and the 2010s was the warmest decade on record. As temperatures rise and disasters multiply, pressure will continue to mount on the oil and gas industry. As Bloomberg Opinion points out, climate change has surged as a point of concern for publicly-listed companies. Oil executives are betting against climate action, but they are surely aware of the rising investment risk. In the past two months, the European Investment Bank is ending financing for oil, gas and coal, and Goldman Sachs cut out financing for coal and Arctic oil. More announcements like this are inevitable.

IMO. Sulfur rules from the IMO kicked in at the start of the year. The rules – lowering sulfur concentration limits from 3.5 to 0.5 percent – affects a 4-mb/d market for marine fuels. Refiners and shippers have used several strategies to comply, including the installation of scrubbers and the ramp up of low-sulfur fuels. Once seen as a looming disaster, the IMO rules take effect with few hiccups, although Reuters reports there are some problems with sediment found in the new fuels.

Oversupply, oversupply, oversupply. Several markets are suffering from oversupply – coal, gas (LNG) and crude oil. While a lot of factors are at play, OPEC+ has a great deal of influence over crude. The glut of natural gas in the U.S. will be harder to correct, and gas associated with crude oil may continue to rise despite the financial wreckage in the shale gas industry. The global market for LNG is also oversupplied, with JKM prices hitting multi-year lows for the time of year. Some analysts have even raised the prospect of cancelled deliveries as spot prices continue to fall.

Renewables continue to grow. Renewables accounted for the majority of new capacity additions in the U.S. in 2019. Energy storage capacity is expected to double in 2020. Some ambitious state-level policies were announced last year, targeting 100 percent renewable energy. Roughly 10 U.S. utilities have announced decarbonization plans. Renewables vastly outperformed oil and gas stocks last year, but with falling costs and policies increasingly favorable to renewables, the future for solar and wind looks bright.

Geopolitical risks persist. The surest of sure bets, geopolitical risk will continue to loom over oil markets. The year started off with a standoff at the U.S. embassy in Baghdad, which follows the U.S. airstrikes a few days earlier. The immediate situation presents little risk to oil supplies, but the incident comes on the heels of unrest in Basra, where much of the country’s oil is concentrated. Beyond that, the crisis in Iraq is really a proxy battle between the U.S. and Iran, a conflict that has once again flared up. Civil war in Libya, sanctions and unrest in Venezuela, and more regional conflict in the Middle East are just a few of the many potential flashpoints in 2020.

Trade war de-escalation. The global economy may have avoided economic recession, with some indicators turning positive in recent months. The tariff reduction between the U.S. and China also points to an easing of economic headwinds. Every twist and turn of the trade war had enormous influence over oil prices in 2019, and the thaw between Washington and Beijing provided a boost at the end of the year. A further de-escalation – or a slide back to confrontation – will exercise enormous influence over commodity markets in 2020.

Shale gas-to-oil ratio. Not only do U.S. shale drillers have financial problems, but operationally, the challenges are also mounting. 2019 saw deflated hopes surrounding well density, with a few high-profile disappointments related to parent-child well interference. There is also evidence that the tendency of shale wells to produce more gas over their lifetimes is a worse problem than previously thought. Meanwhile, the WSJ reported that shale wells are not producing as much as companies once promised. 2020 could offer more unwelcome surprises from the shale patch.

2020 election. While every election is billed as the most important in recent memory, the 2020 U.S. presidential election is. A Trump reelection would ensure unfettered support for the oil and gas industry continues, despite the worsening climate crisis. A possible Democratic victory could see a fracking ban, new regulations and other taxes targeting fossil fuels, while potentially massive support for renewables. A lot is on the line.

By Nick Cunningham of Oilprice.com



100 Comments on "2020 Will Be A Crucial Year For Oil"

  1. Davy on Sat, 11th Jan 2020 9:51 am 

    “Five reasons why you SHOULDN’T buy an SUV – from being too big for width restrictions to poor fuel economy”
    https://www.dailymail.co.uk/money/cars/article-7870199/Five-reasons-SHOULDNT-buy-SUV.html

    So true cloggo. So true.

  2. Cloggie on Sat, 11th Jan 2020 1:10 pm 

    Putin and Merkel both confirm during the presser that Nord Stream will be completed.

    Ho?

    Hahaha!

    Impotent has-been.

    PBM has three times as many whites as the US.
    Walkover. This is going to be fun!

  3. Duncan Idaho on Sat, 11th Jan 2020 1:31 pm 

    Iraq attempts to expel foreign terrorists, but U.S. refuses to help—because we are the terrorists

    https://www.dailykos.com/stories/2020/1/11/1910832/-Iraq-attempts-to-expel-foreign-terrorists-but-U-S-refuses-to-help-because-we-are-the-terrorists

  4. Davy on Sat, 11th Jan 2020 1:38 pm 

    “Iraq attempts to expel foreign terrorists, but U.S. refuses to help—because we are the terrorists”

    So true Idaho. So true.

  5. JuanP on Sat, 11th Jan 2020 3:37 pm 

    “Miami Beach attempts to expel foreign faggots, but refuses to help—because we are the Faggots”

    So true So true.

  6. Cloggie on Sun, 12th Jan 2020 12:47 am 

    US and ISIS: buddies through thick and thin!

    https://www.rt.com/news/477991-isis-praise-soleimani-assassination/

    “ISIS praises US murder of Iranian general Soleimani as ‘divine intervention’ that will help them rise again”

    German-Russian Stinkefinger to Trump:

    https://www.rt.com/business/478041-putin-merkel-nord-stream-benefit/

    “Nord Stream 2 is an economic project to benefit Germany AND Europe, Washington’s stance is wrong – Merkel”

    Good girl!

    More German-Russian unity, against the US:

    https://www.rt.com/news/478025-putin-merkel-iran-nuclear-deal/

    “Merkel and Putin agree Iran nuclear deal should be preserved by all means”

    Hahaha!

    And the idiot from Middleville loves to imagine that Germany is US “ho”.

  7. Cloggie on Sun, 12th Jan 2020 12:55 am 

    “Diversity is our demise” latest:

    https://www.dailymail.co.uk/news/article-7877331/Prince-William-reveals-sadness-broken-bond-Prince-Harry.html

    “I’ve put my arm around my brother all our lives. I can’t do it any more’: Prince William reveals ‘sadness’ at broken bond with Prince Harry and how they are no longer a ‘team’ – as Queen fears for her fragile grandson ahead of showdown”

    House of Windsor is Kaputt, demolished by an American mulatto. Special relationship allright. The English love to hang out with the wrong friends. Last time that mistake cost them their empire, this time around they are going to lose their country.

  8. Cloggie on Sun, 12th Jan 2020 1:10 am 

    Richard Spencer regrets voting for Trump:

    https://youtu.be/o9kLalG4MAg

    He shouldn’t regret. Trump is to the US what Gorbachev was to the USSR: its undertaker. Both Trump and Gorbachev are/were transitional figures, a breach with imperial BAU, initiating the necessary devolution-secession. The center can’t hold.

    #HailTrump!

    https://youtu.be/eF72gg9No_U

  9. Cloggie on Sun, 12th Jan 2020 4:38 am 

    Mileage allowance… for bikes!

    https://www.spiegel.de/auto/radfahrpraemie-statt-pendlerpauschale-drahtesel-goldesel-a-e2a1196f-8840-4f7c-8ea9-3023518db391

    In several European countries like Belgium and France you get paid for every commuting kilometer you travel, up to 25 cents… on bike.

    In the Netherlands 19 cents/km are discussed.

    In Belgium the system is in place since the nineties. Currently 15% of the workforce gets paid for this. Studies have shown that this is the most effective way to “hoist the employee in the saddle”, if you will.

    Der Spiegel pleads to abolish kilometer allowance for (petrol/diesel) cars.

    What the article doesn’t mention is that with e-bikes, far larger distances can be bridged by bike than ever before.

    Here a Dutch guy who has to travel 20 min. to his work by car. He wanted to do that by bike:

    https://www.youtube.com/watch?v=9NFyhS5XKrU

    Price (high-quality Swiss) bike 5500,-
    48 kmh (45 kmh without footpower)
    Range in flat Holland: 90 km

    Result test: 21 minutes, slightly slower than by car. During normal days (Dutch normal) you don’t sweat from this.

    Biking is not a good idea when it is freezing cold or with heave rain.

    Conclusion: the average Dutch daily commuting distance of 2 x 17 km can easily be bridged with an e-bike.

  10. Davy on Sun, 12th Jan 2020 5:42 am 

    “ISIS praises US murder of Iranian general Soleimani as ‘divine intervention’ that will help them rise again”

    Ah, cloggo, many Sunni that were oppressed and slaughter by the killer are praising his death.

  11. Davy on Sun, 12th Jan 2020 5:47 am 

    “I’ve put my arm around my brother all our lives. I can’t do it any more’: Prince William reveals ‘sadness’ at broken bond with Prince Harry and how they are no longer a ‘team’ – as Queen fears for her fragile grandson ahead of showdown”

    It is called life, cloggo, and if the House of Windsor has anything left in it this will be a growing experience. Harry is branching out and the stale royals should be rejoicing. Times are changing. You are so narrow minded on diversity. There is a place for it and a place of purity. You are so extremist on the issue you can’t accept the value of both.

  12. Davy on Sun, 12th Jan 2020 5:55 am 

    He shouldn’t regret. Trump is to the US what Gorbachev was to the USSR: its undertaker. Both Trump and Gorbachev are/were transitional figures, a breach with imperial BAU, initiating the necessary devolution-secession. The center can’t hold.”

    Bullshit, Trump and Gorbachev are trail blazers. Unfortunately for Gorbachev the USSR was not reformable. The US is not either but Trump is making the right moves on nationalistic strategies in a time of decline for globalism. Trump is trying to lower the military footprint and have better relations with Russia but the neocons/libs won’t allow it. There is a lot Trump is not doing right but his nationalism is timed right per the end of globalism as we know it.

  13. Davy on Sun, 12th Jan 2020 5:58 am 

    “Mileage allowance… for bikes!”

    “e-bikes, far larger distances can be bridged by bike than ever before.”

    Great policy out of Europe, of course just a niche but the important point is we need 1000 niches to mitigate decline.

  14. Cloggie on Sun, 12th Jan 2020 6:50 am 

    Macron caves in, no pension at 64 (Holland with strong Calvinist work ethic for instance has 67):

    https://www.zeit.de/politik/ausland/2020-01/edouard-philippe-frankreich-rentenreform

    I’m sorry for Macron, he was right. With ever rising life expectancy in Europe and a rising Asia, and France not too competitive, like the Anglos aren’t either…

    https://en.wikipedia.org/wiki/List_of_countries_by_current_account_balance

    …France can’t really afford it.

    Merkel visits Putins:

    https://www.zeit.de/politik/2020-01/angela-merkel-wladimir-putin-moskau-besuch

    “The American vacuum”

    Merkel is looking for support in Russia, now that she, as a former US-vassal no longer can rely on America-First president Trump. Merkel is more cordial to Putin than ever before, they “dutz” each other, meaning they say “Du” rather than “Sie”. Note: in egalitarian Anglosphere that distinction doesn’t exist. It’s “you” only (“Hi! I am the president, you can call me Bill!”).

    The atmosphere between the two is heart-to-heart, this time Putin didn’t bring his dog to intimidate Merkel, who is afraid of dogs, like he did a couple of years ago:

    https://image.businessinsider.com/5474932becad04226c222db7
    (asshole)

    Die Zeit, like der Spiegel, doesn’t like either Trump nor Russia, but they conclude that the Merkel visit could initiate a reset in German-Russian relations.

  15. Cloggie on Sun, 12th Jan 2020 7:27 am 

    Love-bunny Harry, who made a promising start in life…

    https://tinyurl.com/y7pdhx36

    …has now regressed to the tune that he is threatening to wage war against his own family, taking down everything in a drama of truly Shakespearean dimensions. “Harry the Nazi” turning into “Harry the Brazilian”:

    https://www.dailymail.co.uk/news/article-7877513/Meghan-Harrys-threat-no-holds-barred-interview.html

    “Meghan Markle and Prince Harry’s ‘threat of a no-holds barred interview’: Couple’s confidante Tom Bradby says they could go public if they don’t get their way over Megxit – amid fears they would brand royal household ‘sexist and racist'”

    Romantic love is wonderful, but you shouldn’t do it over your lungs. It’s major health risk, more so than smoking. It usually doesn’t outlast a year or 2, normally sufficient for a kid or 2-3, after which you are supposed to read the newspaper with stock exchange news, instead of the daily sport sex, that is ever more becoming a routine, if not burden, with an eye on the nuptial agreement.

  16. Davy on Sun, 12th Jan 2020 7:38 am 

    “like the Anglos aren’t either…https://en.wikipedia.org/wiki/List_of_countries_by_current_account_balance”

    Brain dead clogo thinks current account is a final indicator of competitiveness. He is afraid to look at the whole picture that shows Europe in one of the worst positions competitively of the major powers with rigid labor and business rules and excessive debt with very low growth. The cloggo likes to look at numbers that are big or small and smell of advantage for his chauvinistic agenda LMFAO.

  17. The Board on Sun, 12th Jan 2020 7:42 am 

    Cloggie. Please, do not feed the troll.

  18. Cloggie on Sun, 12th Jan 2020 1:09 pm 

    Dutch farmers feel they are no longer welcome in the Netherlands because of climate issues and to big a foot print of the agrarian sector. The Netherlands is the second largest agricultural exporter in the world, after the US. Many of the “boeren” now will move to that country, that is the traditional Dutch favorite by far and that is Canada, a country without “Lebensraum” problems.

    https://nos.nl/artikel/2318386-deze-boeren-verhuisden-naar-buitenland-ben-met-een-kwaaie-kop-weggegaan.html

    #NitrogenRefugee

  19. JuanP on Sun, 12th Jan 2020 1:39 pm 

    “The Netherlands is the second largest agricultural exporter in the world, after the US.”

    LOL, in dollars not in volume.

  20. The Board on Sun, 12th Jan 2020 2:17 pm 

    Please, do not feed the JuanP/Davy/REAL Green troll.

  21. Cloggie on Sun, 12th Jan 2020 2:17 pm 

    “LOL, in dollars not in volume.”

    Absolutely.

    Dutch sell 1 kg flowers for €10,-
    Americans sell 1 kg flower for 10 cent

  22. JuanP on Sun, 12th Jan 2020 3:08 pm 

    Cloggie, you live in a little country the size of south Florida so give it a rest. Both places have no future

  23. Cloggie on Sun, 12th Jan 2020 3:18 pm 

    I’m a failed econmist now empire dave.

  24. The Board on Sun, 12th Jan 2020 3:54 pm 

    Please.

    Do not feed the JuanP/Davy/REAL Green troll.

  25. The Bored on Sun, 12th Jan 2020 4:28 pm 

    Board please don’t feed the Board Troll it is JuanPee the lunatic.

  26. Anonymouse on Sun, 12th Jan 2020 4:28 pm 

    Yea Juan, stop the silliness

  27. The Board on Sun, 12th Jan 2020 5:28 pm 

    Why not steal Cloggie’s ID as well Davy? Then you can spend all day long having discussions with yourself.

    schizophrenic lunatic

  28. The Bored on Sun, 12th Jan 2020 5:33 pm 

    Bored tell the lunatic juanPee to eat shit and flush

  29. Anonymouse on Sun, 12th Jan 2020 5:34 pm 

    LOL that is hilarious Juan! Flush please

  30. makati1 on Sun, 12th Jan 2020 5:34 pm 

    Go REAL Green
    realgreenadaptation.blog

  31. makati1 on Sun, 12th Jan 2020 5:35 pm 

    Juan, buddy, if you can’t beat em join em.

  32. Davy on Sun, 12th Jan 2020 7:54 pm 

    All write. I admit it. I finally lost my fucking mind.

  33. muzzies so soft and cudly hardware may i help you yes uh buttplug ah what is it a spark plug you talking about just a minute yes sir may i help you buttplug BUTTPLUG BUTTPLUGGA BUTTPLUG sorry sir we don't have that buttplug THANK YOU on Sun, 12th Jan 2020 8:47 pm 

    Davy on Sun, 12th Jan 2020 7:54 pm

    All write. I admit it. I finally lost my fucking mind.

    above not supertard obv.

  34. The Board on Sun, 12th Jan 2020 8:58 pm 

    muzzies so soft and cudly hardware may i help you yes uh buttplug ah what is it a spark plug you talking about just a minute yes sir may i help you buttplug BUTTPLUG BUTTPLUGGA BUTTPLUG sorry sir we don’t have that buttplug THANK YOU on Sun, 12th Jan 2020 8:47 pm

    Above schizophrenic lunatic obv.

  35. muzzies so soft so cudly hardware may i help you yes uh buttplug ah what is it a spark plug you talking about just a minute yes sir may i help you buttplug BUTTPLUG BUTTPLUGGA BUTTPLUG sorry sir we don't have that buttplug THANK YOU on Sun, 12th Jan 2020 9:18 pm 

    muzzie raped killed elderly woman
    muzzie said pants fell off

  36. muzzies so soft so cudly hardware may i help you yes uh buttplug ah what is it a spark plug you talking about just a minute yes sir may i help you buttplug BUTTPLUG BUTTPLUGGA BUTTPLUG sorry sir we don't have that buttplug thank you on Sun, 12th Jan 2020 10:37 pm 

    Published Jan. 10, 2020
    Updated Jan. 12, 2020, 10:41 a.m. ET

    LAHORE, Pakistan — A bomb blast inside a mosque in southwestern Pakistan, believed to be frequented by senior Taliban figures, killed at least 15 people on Friday and wounded at least 18 more, according to police officials

  37. muzzies so soft so cudly hardware may i help you yes uh buttplug ah what is it a spark plug you talking about just a minute yes sir may i help you buttplug BUTTPLUG BUTTPLUGGA BUTTPLUG sorry sir we don't have that buttplug thank you on Mon, 13th Jan 2020 1:14 am 

    French Senator says France to be muzzie republic if it refuses to fight against muzzie jihad

  38. Dooma on Mon, 13th Jan 2020 3:20 am 

    “The wave of debt may also force the industry to slam on the breaks* as companies scramble to come up with cash to pay off creditors”.

    *breaks… when I went to school it was brakes.

    I hope Nick Cunningham went to school?
    Them’s the breaks – I guess.

    Thanks for the article on the Australian breakthrough battery invention Cloggo. Sometimes I get like Davy and get patriotic, even though most of the bloody country is burning right now!

  39. Cloggie on Mon, 13th Jan 2020 4:17 am 

    William takes over. Kain slains Abel for a change.

    https://www.dailymail.co.uk/news/article-7879471/Deeply-Hurt-Queen-gathers-Royals-Megxit-crisis-summit.html

    “Heartbroken Prince Harry ‘feels forced out by BULLYING William’ and Meghan is determined to quit as Queen gathers Royals for Megxit summit (while Kate stays at home)”

    William looks solid, married identitairian-correct with an equally solid dream wife who knows her place, unlike the globalist fool Harry, who has become an extension of Meghan’s pussy rather than living up to Windsor’s dynastic obligations.

    Dear queen Elizabeth, skip that other fool Charles and step down in favor of William. After the Dick of York Andrew, William is the only serious asset you have left.

    Gonna be quite a spectacle in 2024! Closet-Remainer William…

    https://www.theguardian.com/uk-news/video/2016/feb/16/is-prince-william-signalling-that-britain-should-remain-in-eu-video

    …king of England and his brother Harry and his three mulatto children being the first spouse of first female US president Meghan Markle, presiding over CW2.

    You read it first here, yet another of my geopolitical predictions: Meghan-2024.

    That’s what you get if you have all the celestial bodies in fire signs.lol

  40. Davy on Mon, 13th Jan 2020 5:20 am 

    “William takes over. Kain slains Abel for a change.”

    Anglo derangement never ends with the cloggo. He is pure unadulterated Anglo derangement tabloid. Brexit is finally over and now the cloggo moves to megxit.

  41. Davy on Mon, 13th Jan 2020 5:23 am 

    “Sometimes I get like Davy and get patriotic, even though most of the bloody country is burning right now!”

    Dooma, its called getting a spine against lies. I am very unhappy with my country and the whole friggin world but I am honest. If I see bullshit I call it out and this place is rich with it. You extremist are here to show how pissed off you are and in a way that is trashy and full of facts weaved into lies.

  42. Dooma the Extremist on Mon, 13th Jan 2020 9:40 pm 

    “Extremist”, actually extremists I think you meant?

    Thanks for a laugh Davy, that term is straight from the US military lexicon. So who is a non-extremist outside of your little bubble in the rest of the world? And according to you, what view should they have of the US? I would like you to answer that question, please? You seem to dodge most of my direct questions.

    Extremist… I am still laughing at that. What next, you will call people whose country has been invaded by the US insurgents?

  43. Cloggie on Tue, 14th Jan 2020 1:43 pm 

    Good news from the renewable energy front!

    The first monopiles of the 1.5 GW Borssele I-V offshore wind park in (22 km outside rather) the Netherlands have been rammed into the seabed. It is currently the largest offshore wind farm project in the world.

    The speed with which you can install an offshore wind park, once you have the proper tools (read: installation ship) is breathtaking. 750 MW worth of monopiles are planned to be completed in 3 months (1 per day). Then you need another 3-5 months for the towers and turbines and in slightly more than half a year you have created a power station, sufficient large to provide 2 million cloggster households with electrickery (there are 8 million of such households).

    https://deepresource.wordpress.com/2020/01/14/first-monopiles-installed-at-borssele-offshore-wind-project/

    “First Monopiles Installed at Borssele Offshore Wind Project”

  44. Cloggie on Tue, 14th Jan 2020 1:51 pm 

    Correction: Borssele I+II is 750 MW and will be completed in the Summer 2020 and is sufficient for 1 million households.

    Borssele III-IV of yet another 750 MW will be completed later. Together they provide sufficient electricity for 25% of the Dutch population (2 million households).

    You need 4 Borssele projects to replace all fossil electricity (if we ignore storage for a moment). You need 8 Borssele projects to complete the 100% renewable energy transition. Expect that to be completed somewhere between 2030 and 2040, depending on the urgency.

    Now repeat after me: renewable energy won’t work because, you see, it is not DENSE enough.

    (an opinion typically held by laymen who themselves are more than sufficiently dense.lol)

  45. I AM THE MOB on Tue, 14th Jan 2020 1:57 pm 

    Clogg

    You are cherry picking tiny examples. Keep dreaming you loser NEET.

    Hope you like the highest energy bills in the entire world and blackouts and brownouts (see S. Australia).

    lol

  46. Cloggie on Tue, 14th Jan 2020 2:02 pm 

    Dutch shipyard Damen receives German mega-order for 4 warships (and an option for 2 more) for the Kriegsmarine, err… Germany navy:

    https://www.volkskrant.nl/economie/miljardencontract-van-duitse-marine-voor-scheepsbouwer-damen~b2e6870e/

    https://www.youtube.com/watch?v=sGnscOfXPZU

    I’m a bit of navy skeptic, but the money is right and the ships are pretty impressive, provided you keep them out of a war zone.lol

    Donnie will be proud regardless.

  47. Cloggie on Tue, 14th Jan 2020 2:06 pm 

    “You are cherry picking tiny examples. Keep dreaming you loser NEET.”

    As a rule of thumb, losers don’t build the largest offshore wind farm in the world, you kosher Dummkopf.

  48. Cloggie on Tue, 14th Jan 2020 2:13 pm 

    Regarding the Damen project: the is the largest tender the German navy has ever granted. The ships will be able to stay at sea for 2 full years without the need to resupply. Cost 5.5 billion euro for 4 ships and nearly 3 billion for 2 additional ships. The wine will be tasting excellent tonight in Gorinchem/Netherlands:

    https://en.wikipedia.org/wiki/Damen_Group

  49. Cloggie on Tue, 14th Jan 2020 2:48 pm 

    Order a new plane and you will have to wait 10 years for delivery.

    Airbus to customer: “you say you are a customer, can you prove that?”

    https://www.theguardian.com/business/2020/jan/14/boeing-reports-lowest-order-numbers-30-years-737-max-catastrophes

    “Boeing delivered 380 commercial airplanes in 2019, the lowest level since 2007, and fewer than half the 786 planes its main rival Airbus delivered last year, a record for the European jet maker.

    Boeing’s numbers are especially bleak compared with Airbus’s 768 orders for new planes for 2019. The European plane maker currently has a 10-year production backlog on orders, or 7,482 commercial planes, while Boeing finished the year with a backlog of 5,406.

    Nice opportunity for Russian and Chinese plane makers as they gotta fly with something:

    https://simpleflying.com/norwegian-sj100-order/

    “Norwegian Considering Large Sukhoi Superjet Order”

    Turkish Airways even considers reverting to time-tested Turkish aviation technologies:

    https://www.youtube.com/watch?v=uJZNdB7YPjM

  50. muzzies so soft so cudly hardware may i help you yes uh buttplug ah what is it a spark plug you talking about just a minute yes sir may i help you buttplug BUTTPLUG BUTTPLUGGA BUTTPLUG sorry sir we don't have that buttplug thank you on Tue, 14th Jan 2020 2:58 pm 

    Everyone pls respect supertard

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