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KB Leecaster /
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2024-09-03 17:58:56

KB Leecaster on Nostr: This is how we decarbonize. It is simple. Stop buying fossil fuels asap. Oil dropped ...

This is how we decarbonize. It is simple. Stop buying fossil fuels asap.

Oil dropped to below $71 a barrel—nearly 4%—on Tuesday, erasing all its gains for the year. Driving the losses were concerns about weakening demand from China and a production increase from OPEC+nations.

West Texas Intermediate crude, the U.S. standard, was off 3.7%; Brent crude, the international benchmark, was down more than 4.5%.

Ten dollars less a barrel and over half of the oil producers in USA will go bankrupt.
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