Indeed. But let's not forget that China manufactures a lot of EVs because they manufacture a lot of cars, and contrary to us, they have no fixed dates on transitioning from ICEs to EVs.

And also while the west decrease our usage of coal by X, at the same time they increased theirs by something like 4x, and right now, both China and India are building brand new coal power stations.

“Drill drill drill”

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 a lot wrong with it. The reserves that will be burned include all Saudi reserves and all Norwegian reserves. The hand wringing BS doesn't change anything about prices being high enough to fund the politics of forcing us to extract and burn all reserves until they are gone. Only refusing to burn your reserves changes whether we are screwed.

There isn't enough demand to burn all reserves, and nobody will burn oil for fun - it's quite expensive. Someone will be stuck with stranded assets, and currently it looks like it will be the Saudis.

Not sure why the downvotes, o don’t support Trump, he is deplorable. But he said it.