Opec wants compensation if climate deal cuts oil use

Now they sound like a utility; they want to be compensated for "their estimate" of what would have been used. Sorry fellas, no avoided costs for you!!!!! :eek:
 
Yeah, right.
Next ones in line will be booze & cigarettes manufacturers. Then what? Pushers and drug dealers?
 
Technology moves on and sooner or later new energy tech will be productized, rendering petroleum obsolete. Oil producing countries have allowed themselves to become fat and complacent with all the easy money rolling in. Easy money seems like a good thing, but it's actually corrosive to creativity and innovation.

These marching morons will get their comeuppance one day.
 
Yes, everyone is planning to compensate others when supply and demand realities hit.

And since the Chinese car market is surpassing the US and emits more CO2, I wonder how much OPEC expects China to cough up if they grow and then cut back.
 
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