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A comment on Oil Falls Below $40 for First Time Since 2009 as Glut Grows. Parent comment

Re:Oil Falls Below $40 for First Time Since 2009 as Glut Grows by eloff on Saturday August 22, 2015 @02:28AM (#10101738)
When you can get all of the world's major economic powers to agree on that, then you can say it's easy. In principle it's easy, but in reality good luck!
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Re:Oil Falls Below $40 for First Time Since 2009 as Glut Grows by crdoconnor on Saturday August 22, 2015 @02:36AM (#10101746)
Australia managed to do it without the agreement of other countries. It wasn't any bullshit about competitiveness that caused the repeal either. It was pressure from the coal industry.
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Re:Oil Falls Below $40 for First Time Since 2009 as Glut Grows by eloff on Saturday August 22, 2015 @10:59AM (#10102658)
Yes any country could do it alone, but all it does is slightly reduce global demand, Australia being a fairly small country population-wise likely didn't make a dent. All other things being equal it doesn't leave fossil fuels in the ground, just increases the amount of time before we extract them. That does buy time for the human race to find a lasting solution.
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