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‘The world should be worried’: Saudi Aramco — the world’s largest oil producer — has issued a dire warning over 'extremely low' capacity.
MoneyWise via Yahoo ^ | November 16, 2022 | By Jing Pan

Posted on 11/16/2022 12:24:46 PM PST by Oldeconomybuyer

The global oil market remains tight according to Saudi Aramco, the largest oil producer in the world. And that does not bode well for a world that still relies heavily on fossil fuels.

“Today there is spare capacity that is extremely low,” Saudi Aramco CEO Amin Nasser says at a conference in London. “If China opens up, [the] economy starts improving or the aviation industry starts asking for more jet fuel, you will erode this spare capacity.”

Nasser warns that oil prices could quickly spike — again.

“When you erode that spare capacity the world should be worried. There will be no space for any hiccup — any interruption, any unforeseen events anywhere around the world.”

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy
KEYWORDS: bideneffect; bidensfault; economy; energy; globalwarming; oil
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To: TexasGator

price?


61 posted on 11/16/2022 5:35:00 PM PST by xp38 (!)
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To: xp38

“price?”

$50k down and you will find out when your number is called.


62 posted on 11/16/2022 5:39:05 PM PST by TexasGator (!!!)
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To: TexasGator

Well it’s been long in the pipeline. Which will come first this new sports car or the Cybertruck?


63 posted on 11/16/2022 5:41:22 PM PST by xp38 (!)
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To: TexasGator

“You got a link to the scientific data and calculations that lead to that conclusion?”

Simple math. Data readily available on the internet.
*********************************************************************

So you don’t have a link and simply want to post an unsupported conclusion that supports your preference in vehicles. You must belong to the “trust us, it’s the consensus of scientists” crowd. I assumed as much about you.


64 posted on 11/16/2022 5:45:47 PM PST by House Atreides (I’m now ULTRA-MAGA-PRO-MAX.)
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To: House Atreides

“So you don’t have a link and simply want to post an unsupported conclusion that supports your preference in vehicles. You must belong to the “trust us, it’s the consensus of scientists” crowd. I assumed as much about you.”

Since you don’t dispute my post I guess I have no reason to go to the trouble of defending it since a any third grader can do the math.


65 posted on 11/16/2022 5:52:48 PM PST by TexasGator (!!!)
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To: xp38

“Well it’s been long in the pipeline. Which will come first this new sports car or the Cybertruck?”

https://www.cnet.com/roadshow/news/jay-leno-tesla-roadster-video/


66 posted on 11/16/2022 5:54:43 PM PST by TexasGator (!!!)
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To: PGR88

Klaus Schwab, sounds like a Nazi, acts lie a Nazi, goals like a Nazi.

He is a Hitler clone and should be dispatched accordingly!!!!!!!!

That is one evil son of a bitch!!


67 posted on 11/16/2022 6:02:33 PM PST by BatGuano (2020 = Stolen Election. Believe it! Molon Labe.)
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To: TexasGator

“ Since you don’t dispute my post I guess I have no reason to go to the trouble of defending it since an any third grader can do the math.”
*********************************************

You clearly didn’t do the math either or you wouldn’t be frightened to show it. I’ve got you pegged now.


68 posted on 11/16/2022 6:20:15 PM PST by House Atreides (I’m now ULTRA-MAGA-PRO-MAX.)
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To: House Atreides

“You clearly didn’t do the math either or you wouldn’t be frightened to show it. I’ve got you pegged now.”

Not afraid to show it but since no one has disputed my post why should I.

Do you disagree with my post?


69 posted on 11/16/2022 6:25:46 PM PST by TexasGator (!!!)
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To: Oldeconomybuyer
Democrat created artifical shortages.

They'll have the oil and gas industries destroyed before Trump arrives to save them.

All part of their destroy America plan.

70 posted on 11/16/2022 9:34:12 PM PST by blam
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