Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

State oil companies are much bigger the international oil companies we call Big Oil.

If Exxon cuts back or stops there is plenty of surplus in Russia, Saudi Arabia and Iran to make up the shortfall.

There are trillions of dollars in state owned oil reserves that no one is walking away from.



Russia and Saudi Arabia have no incentives at all to slow production.

Even if you think they buy into climate change, Russia would net benefit from warming and SA would be largely unaffected.


If you're referring to the climate, wasn't there a huge siberian forest fire a few years ago?


Canada, Siberia, and parts of N. Europe are burning pretty consisntaly.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: