We are now observing a massive global transition in fossil energy: new sources being sought; current sources being redirected to China.
The 10 largest private equity funds have 80% of their energy investments in fossil fuels.https://t.co/2mGCgZAKXz
— OilPrice.com (@OilandEnergy) September 20, 2022
OPEC is massively underproducing vs their own targets.
— Scott Willis (@ScottW_Grizzle) September 20, 2022
1 of 2 things must be going on..
1: They are truly at capacity. Operational and geopolitical issues are leading to disappointing results.
2: Throttling production on purpose. A shadow form of price control#OOTT #COM #EFT pic.twitter.com/GdphLAnSAw
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