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Niggas in Space > Flora & Fauna > Anyone remember the peak oil thread on totse?

Anyone remember the peak oil thread on totse?

  1. 2021-12-18 at 12:50 AM UTC
    #1
    Donald Trump Black Hole
    It seems more relevant than ever, since we are hitting peak oil right now. Oil demand has never been higher, yet many OPEC+ members are simply unable to pump more oil.

    https://oilprice.com/Latest-Energy-News/World-News/OPEC-Undershoots-Oil-Production-Target-Again.html

    A quota is supposed to be the maximum you are allowed to produce so as to drive up prices, but many OPEC+ members can't even fulfill their quotas.
    The following users say it would be alright if the author of this post didn't die in a fire!
  2. 2021-12-18 at 12:53 AM UTC
    #2
    Donald Trump Black Hole
    Originally posted by infinityshock lovingly allowed lard-ass l***y the luxury of lapping the loins-leviathan while the little lad larps as a laotian ladyboy lapdancer.... the reason they dont produce as much as they are able to produce is an attempt to keep prices higher. when the multitude of oil producing countries arent getting along they max out production to insure their continued income.

    theyve been doing this shit since the 70s when OPEC was formed































































































































































































































































































































































































    No brah. This time it's for real. It's going to be like 2007-2008 again, oil prices are going way higher.
  3. 2021-12-18 at 1:52 AM UTC
    #3
    Nile bump
    Higher oil prices, with a rate hike coming... And covid shenanigans.

    Next few years r gonna b interesting.
  4. 2021-12-18 at 3:15 PM UTC
    #4
    vindicktive vinny Black Hole
    Originally posted by Donald Trump It seems more relevant than ever, since we are hitting peak oil right now. Oil demand has never been higher, yet many OPEC+ members are simply unable to pump more oil.

    https://oilprice.com/Latest-Energy-News/World-News/OPEC-Undershoots-Oil-Production-Target-Again.html

    A quota is supposed to be the maximum you are allowed to produce so as to drive up prices, but many OPEC+ members can't even fulfill their quotas.

    thats what economists call jéwflation.
  5. 2021-12-18 at 3:36 PM UTC
    #5
    the man who put it in my hood Black Hole
    my version is better

    peak consoom

    4 cameras on your phone and having a self driving car with a toaster oven



    Originally posted by the man who put it in my hood PEAK CONSOOM is when the demand for consumption of resources outpaces the capacity to produce them.

    This means there is only so much to go around.

    It's caused by the decadency of technological society. There aren't enough cars, playstations and toilet paper rolls for everyone.

  6. 2021-12-18 at 9 PM UTC
    #6
    lockedin Tuskegee Airman
    The author of this post has returned to nothingness
    The following users say it would be alright if the author of this post didn't die in a fire!
  7. 2021-12-18 at 10:49 PM UTC
    #7
    ⠀⠀⠀⠀⠀⠀ Black Hole
    They're being paid hundreds of billions of taxpayer dollars NOT to produce their quotas, so why would they?
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