Drudge Retort: The Other Side of the News
Thursday, February 13, 2020

Global oil demand will suffer its first quarterly drop in a decade as the COVID-19 virus lashes the economy in China and its impact ripples throughout the world, the IEA said Thursday.




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I can tell. Gas prices dropped .01

#1 | Posted by Nixon at 2020-02-13 12:59 PM | Reply | Funny: 2

Oil has peaked. Production will soon enter a permanent decline. Fracking will buy us some time but domestic production will be finished in 6 years or so. We should not be selling domestic oil abroad. This virus may help our reserves last a little longer maybe.

#2 | Posted by Effeteposer at 2020-02-13 11:17 PM | Reply

How long until some rogue disgruntled virologist intentionally releases the big one?

#3 | Posted by SheepleSchism at 2020-02-14 01:08 AM | Reply

Or maybe some rogue disgruntled leader will intentionally release the big one?

#4 | Posted by Gal_Tuesday at 2020-02-14 01:21 AM | Reply

Maybe this virus was sent by the glowable wharming Gods?

#5 | Posted by phesterOBoyle at 2020-02-14 10:56 AM | Reply

COVID-19. What a stupid moniker. Kung Flu now...that's a winner.

#6 | Posted by MUSTANG at 2020-02-14 10:59 AM | Reply

#2 Congratulations on being the 1 millionth person to predict the planet was at peak oil in the last 50 years. First 999,999 were wrong...

#7 | Posted by MUSTANG at 2020-02-14 11:01 AM | Reply | Funny: 1 | Newsworthy 1

#8 I was talking primarily about DOMESTIC production but the same principle applies globally. Do you. Really believe that the supply of oil is INFINITE? Now why would anyone believe that?

#8 | Posted by Effeteposer at 2020-02-14 12:57 PM | Reply

Here's a heat map from John Hopkins showing almost 65K confirmed cases - gisanddata.maps.arcgis.com

#9 | Posted by SheepleSchism at 2020-02-14 12:59 PM | Reply

#8 Largely because petroleum engineers are starting to find evidence that oil is in fact NOT a "fossil fuel", and that it may be "abiotic", a product of heat and pressure under the mantle that does not require biomass.

#10 | Posted by MUSTANG at 2020-02-14 02:28 PM | Reply

the trend for renewables is real despite investors saying it is not. the tipping point is predicted to hit around 2025, when oil is predicted to be unprofitable at a price above $10/barrel

#11 | Posted by blasFme at 2020-02-14 09:11 PM | Reply

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