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A comment on Deutsche Bank becomes first foreign yuan clearing bank in Europe. Parent comment

Re:Deutsche Bank becomes first foreign yuan clearing bank in... by nemomarx on Thursday August 13, 2026 @10:22AM (#49286409)
Are we using that much oil for energy? The leading non renewable power source now is natural gas or similar, which I didn't think interacted much with the oil market. So even without nuclear, if the future is natural gas pipelines for baseload oil would still be mostly a manufacturing and vehicle fuel deal.
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Re:Deutsche Bank becomes first foreign yuan clearing bank in... by curmudgeon22 on Thursday August 13, 2026 @01:30PM (#49289228)
My understanding is that the shift towards natural gas is largely because it is a very cheap byproduct of fracking (for oil). It happens to be "greener" when burned so gets green-washed also.

I wonder what would happen if oil demand was significantly reduced, thus reducing fracking.

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