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Page added on June 27, 2020

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Covid to Keep More Oil Underground, Forcing Drillers to Change

Production

Hundreds of billions of barrels of oil stranded by weak demand could accelerate companies’ pivot to cleaner energy, or threaten their long-term survival.

BP Plc raised the possibility of stranded oil assets when it announced this month it would take the biggest writedown on the value of its business in a decade. But it wouldn’t be the only oil company to leave crude in the ground as the pandemic ravages energy consumption. About 282 billion barrels of undiscovered oil is at risk of being stranded as the virus hastens peak demand, according to Rystad Energy AS.

bloomberg



14 Comments on "Covid to Keep More Oil Underground, Forcing Drillers to Change"

  1. Richard Guenette on Sat, 27th Jun 2020 8:31 am 

    The world will never return to “normalcy”.

  2. Zeke Putnam on Sat, 27th Jun 2020 8:44 am 

    Dream on about clean energy saving us. I wish it would. Conversion to clean energy will take yrs and we haven’t the time. We should have started decades ago on conversion. Instead we built a massive military and ever bigger houses, cars plus endless other consumer goods. Anybody talking different was viewed as an idiot.

  3. Richard Guenette on Sat, 27th Jun 2020 8:48 am 

    Health and safety is everyone’s responsibility.

  4. zero juan on Sat, 27th Jun 2020 8:49 am 

    Mindless shit from zero brains:
    Zeke Putnam said Dream on about clean energy saving us. I wish it…

    Richard Guenette said The world will never return to “normalcyR

    Davy @ REAL Green Hypocrite said Wow, my compliments to asg70 on the moderated side…

    Richard Guenette said Here’s a site for anyone that is interested:..

  5. JuanP on Sat, 27th Jun 2020 8:50 am 

    Richard Guenette on Sat, 27th Jun 2020 8:48 am

    “Health and safety is everyone’s responsibility.”

    fuck you Richard who cares about safety. I got my nuts cut so anything goes. I take it in the ass and the mouth at the same time!

  6. ZOMFG you guyes WLM you guyes no im not fan of peaceful muzz or any muzz https://twitter.com/Imamofpeace/status/1276822611943493632 on Sat, 27th Jun 2020 8:57 am 

    AFDF-19

  7. Richard Guenette on Sat, 27th Jun 2020 11:41 am 

    The American people have finally figured out the police can’t protect them. As cops are being de-funded, violent crime is SOARING in liberal cities. Your personal safety is now your own responsibility, as cities abandon the rule of law.

  8. zero juan on Sat, 27th Jun 2020 11:58 am 

    the mindless lunatic out of control:

    Richard Guenette said The American people have finally figured out the p…

    Richard Guenette said https://www.naturalnews.com/2020-06-27-cambridge-p

    Richard Guenette said Note to preppers: Soy is an endocrine disruptor th…

    Richard Guenette said https://www.naturalnews.com/2020-06-27-if-shot-ins

  9. Richard Guenette on Sat, 27th Jun 2020 12:02 pm 

    These race riots are a distraction from what’s really going on: political division. Biden is a traitor and a puppet of the ZOG.

  10. SocialRevolutionComing on Sat, 27th Jun 2020 12:05 pm 

    We have this today and zero

    Russian Mercenaries Have Entered Libya’s Largest Oil Field To Block Output

    https://www.zerohedge.com/energy/russian-mercenaries-have-entered-libyas-largest-oil-field-enforce-haftars-blockade

    and then we have this from France

    France and Russia discuss Libya conflict: What to expect? | DW News

    https://www.youtube.com/watch?v=MZAkOSpVumw&list=PLgYLCPY8S8EneFQlgKBgdjREWH2-AdA_B&index=8

    Any ideas what this means. I have my owns ideas

  11. Richard Guenette on Sat, 27th Jun 2020 12:06 pm 

    The Democrats won’t fix the economy in the 2020s- they’ll increase the national debt by excessive spending.

  12. SocialRevolutionComing on Sat, 27th Jun 2020 12:07 pm 

    Wrong link above. Show have been

    France and Russia discuss Libya conflict: What to expect? | DW News

    https://www.youtube.com/watch?v=LQL6I872-Ds

  13. Richard Guenette on Sat, 27th Jun 2020 12:08 pm 

    Protect freedom of expression, fvck censorship!

  14. The Mindless Lunatic Out Of Control on Sat, 27th Jun 2020 12:18 pm 

    zero juan (Davy) on Sat, 27th Jun 2020 11:58 am

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