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Page added on May 29, 2020
IEA: Oil Demand to Soon Exceed Pre-Lockdown Level
Alternate Title: Peak Oil Foiled Again
Guest “too fracking funny for words” by David Middleton
IEA chief says low oil prices will take demand beyond pre-crisis highs
By JAVIER BLAS on 5/25/2020LONDON (Bloomberg) –Global oil consumption hasn’t peaked, the head of the International Energy Agency warned, throwing cold water on hopes the coronavirus will cap demand and reduce climate-changing emissions.
“In the absence of strong government policies, a sustained economic recovery and low oil prices are likely to take global oil demand back to where it was, and beyond,” Fatih Birol said in an interview.
[…]
The world consumed last year nearly 100 million barrels a day of oil, and some in the energy industry believe that could mark the peak for global demand. Their hypothesis is that the coronavirus outbreak will trigger changes, like widespread working-from-home and less overseas travel, reducing consumption permanently.
“Could it be peak oil? Possibly. Possibly. I would not write that off,” the head of British oil major BP Plc, Bernard Looney, told the Financial Times.
If true, that would have huge implications for climate change as burning less oil would permanently reduce greenhouse emissions, easing the way to meet the goals of the Paris climate agreement. But Birol warned governments that the coronavirus will only reduce oil demand briefly, with consumption dipping in 2020 to about 91 million barrels a day, before rebounding in 2021 and beyond.
[…]
Birol is urging governments to use their economic recovery packages to fight climate change, spending on green energy to help to achieve the goals set in the 2016 Paris accord.
[…]
In the U.S., the recovery of gasoline demand is well underway. After a 42% decline from mid-March to early-April, motor gasoline supply grew by 23% through mid-May. Diesel fuel demand has actually increased a little since the lockdowns began… Because if the truckers hadn’t kept rolling, we would all be dead by now.
To quote John Travolta from Broken Arrow: “Yeah. Ain’t it cool?”
24 Comments on "IEA: Oil Demand to Soon Exceed Pre-Lockdown Level"
Abraham van Helsing on Fri, 29th May 2020 9:14 am
I expect a quick economic uptick, certainly in Europe.
Here Amsterdam cafe owners planning to expand their terraces… onto the canals:
https://www.youtube.com/watch?v=nxlKox7tFuQ
SocialRevolutionComing on Fri, 29th May 2020 9:21 am
Notice they are already talking about a second wave of COVID hoax. Why is that ? Because they see oil consumption and price increasing. They will try to lower demand by pushing this second wave of COVID bullshit.
They also know that people are upset and ready for social revolution. This is why that are pushing the mask and social distancing. They don’t want people to talk to each. More people talk to each other more chances of a revolution. Social revolution in Whites Western nations cannot be avoided. Just delay a little bit.
SocialRevolutionComing on Fri, 29th May 2020 9:31 am
This is what I mean. The second wave of COVID hoax bullshit is now starting. Some news from South Korea
https://www.youtube.com/watch?v=aSxpmCm4qRY
More than 800 schools have been closed across South Korea as it battles a new wave of COVID-19 infections in and around Seoul. The number of students who can attend school has also been limited, just days after classes resumed across the country.
joe on Fri, 29th May 2020 10:09 am
That’s cause Korea uses these tracker apps. If a teacher catches a bug and walks down the hallway during school then that will trigger 800 peoples phones to beep. That’s doesnt mean they have even come into contact. Tracking apps are not the solution. If they were, korea should have beaten it by now. The problem is that it’s such a mild virus until you get to the top of the age pyramid. The answer of course is early retirement and isolation of senior citizens in winter. The ifr of it would plummet and the low r0 would stamp out the remnant of it due to younger people being generally healthier and having antibodies. Then after a couple of flu seasons, back to normal.
Sock Buster on Fri, 29th May 2020 10:23 am
This is an outed juanPee sock, disregard any comments from this liar:
SocialRevolutionComing said This is what I mean. The second wave of COVID hoax…
SocialRevolutionComing said Notice they are already talking about a second wav…
Sleepless in Minnesota on Fri, 29th May 2020 10:59 am
I awoke this morning and you guessed it…. NO SHARTS!
I have survived the covid! , its just a shame the Target store next door is on fire and all the big screen tvs are floating down the street 🙂
Lunatic Buster on Fri, 29th May 2020 11:03 am
This is an outed Davy sock, disregard any comments from this liar:
Sock Buster on Fri, 29th May 2020 10:23 am
Duncan Idaho on Fri, 29th May 2020 11:06 am
Malcom X was right, and now the chickens come home to roost…
JuanP handler on Fri, 29th May 2020 12:05 pm
Looks like asshole is triggered becuase I called out his ignorant sock SocialRevolutionComing. juanPee, you fucked with the wrong person and now you eat shit. This is juanPee shit:
Lunatic Buster said This is an outed Davy sock, disregard any comments…
REAL Green said So true Nutter. So true. LOL@Davy and his widdle P…
Nutter said LOL@Pink Poodle. She’s so cute Davy!
Sleepless in Minnesota said I awoke this morning and you guessed it…. NO…
Davy said So true Nutter. So true.
Nutter said So true REAL Green. So true.
REAL Green said So true Pink Poodle. So true.
Duncan Idaho on Fri, 29th May 2020 12:23 pm
Forget “Looting.” Capitalism Is the Real Robbery.
https://truthout.org/articles/forget-looting-capitalism-is-the-real-robbery/
JuanP on Fri, 29th May 2020 12:35 pm
“Forget “Looting.” Capitalism Is the Real Robbery.”
Says the rich guy drenched in capitalism who travels the world as he pleases
Abraham van Helsing on Fri, 29th May 2020 12:44 pm
“Malcom X was right, and now the chickens come home to roost…”
Are you white, Duncan, or just Kenz300 under a different nick?
Could you please finally disclose where that “300” stands for?
Antius on Fri, 29th May 2020 4:42 pm
How the Jews infiltrated Anglo-US.
https://www.eurocanadian.ca/2020/05/kevin-macdonald-puritan-individualism-anglo-saxon-hegemony-jewish-infiltration.html#more
Duncan Idaho on Fri, 29th May 2020 5:10 pm
Protestors Criticized For Looting Business Without Forming Private Equity Firm First
https://www.theonion.com/protestors-criticized-for-looting-businesses-without-fo-1843735351?utm_medium=sharefromsite
makati1 on Fri, 29th May 2020 5:54 pm
“IEA: Oil Demand to Soon Exceed Pre-Lockdown Level”
NOT LIKELY! China is busting at the seams with stored cheap oil. Ditto for every other country that uses it. Not to mention the serfs will not have $$$ to buy it as before. Millions around the world will be poorer, not richer and not able to consume like before the COVID-19 bullshit.
The oily business is all lies and hype anyway. I guess we will have to wait and see. I would not be buying oily stock, even if I had money to waste.
Duncan Idaho on Fri, 29th May 2020 6:17 pm
“he may also have concerns about the mask rubbing off his thick orange makeup.”
Good point– the Fat Boy is thinking
Theedrich on Fri, 29th May 2020 6:19 pm
A Negro forger’s death leads to clickbait riots. The “resistance” media, in tandem with the Democrats and other malcontents, have been fomenting violent revolution for 3½ years, incessantly crying “Fire!” in the crowded national theater. Their insane hatred of the American president knows no bounds, going so far as sometimes to hint that his assassination is desirable.
Biden the Basement Dweller and Fauxcahontas Warren are joining the chorus of maniacs yelling “Burn, baby burn!” as Minneapolis goes down in flames. Now that the oligarch-bribed Democrats and media have achieved their violent ends and their barbarian pupils are destroying the livelihoods of decent citizens, they continue to justify the psychotic savagery as “understandable” because, they say, the current POTUS is evil. Their false allegations of presidential and systemic “racism” are used as rationalization for literal civil war. Yes: bring back the guillotine.
Leftist CEOs of the media (e.g., Jack Dorsey of Twitter) and globalists (such as Sörös, the alien Kike), their corrupt bribe-ocrats in government, the Communistic myriads of university “scholars” and others who hate White civilization have now engineered its destruction.
Nietzsche was right: our future is nihilism.
Duncan Idaho on Fri, 29th May 2020 6:43 pm
From Jones’s Kool-Aid to Trump’s Clorox– Can we Finally leave the Death Cults Behind Us?
https://www.juancole.com/2020/05/joness-trumps-finally.html
makati1 on Fri, 29th May 2020 8:12 pm
“The US Secret Service placed the White House under lockdown after George Floyd protesters closed in on the Washington DC structure….The protests that began with chanting and marching in Minneapolis the day after the disturbing video emerged showed Mr Floyd pinned for eight minutes have grown to mass demonstrations, some violent, in at least twelve states.”
https://au.yahoo.com/news/george-floyd-white-house-lockdown-protesters-descend-001710899.html
Ah, the smell of tear gas and the sting of rubber bullets. Smoke and fire. Summer in the US!
JuanP on Fri, 29th May 2020 10:11 pm
Mak, you are a sick old man with nothing better to do than wallow in hate and discontent. I bet your last breath is a nasty one when you face the darkness.
Sock Buster on Fri, 29th May 2020 10:24 pm
davyskum you are a sick, delusional man-baby with nothing better to do than sock, stalk and prick the intelligent posters. I bet your last breath is a nasty one with your face in the darkness of your donkeys ass.
Abraham van Helsing on Fri, 29th May 2020 10:40 pm
“Nietzsche was right: our future is nihilism.“
Nietzsche also professed that nihilism was an intermediary stage, connecting the dying Christian culture to something new, something “neo-Roman”.
JuanP on Fri, 29th May 2020 10:49 pm
cloggie, I was an atheist but since my chronic depression has become so bad I am considering Christ.
Outcast_Searcher on Sat, 30th May 2020 1:42 pm
Social: What color is the sky in the world? What drugs do you take to be so completely disconnected from reality?
If Covid-19 is a hoax, the entire world must be in on the “conspiracy”.
Is your world flat? Did man land on the moon in your world? Does science exist in your world?