‘Tis The Silly Season With A Looming Winter Of (Energy) Discontent

  • Date: 12-Oct-2021
  • Source: Forbes
  • Sector:Oil & Gas
  • Country:Gulf
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‘Tis The Silly Season With A Looming Winter Of (Energy) Discontent

NEW YORK, NEW YORK - SEPTEMBER 22: British Prime Minister Boris Johnson addresses the 76th Session ... [+] of the U. N. General Assembly on September 22, 2021 in New York City. More than 100 heads of state or government are attending the session in person, although the size of delegations are smaller due to the Covid-19 pandemic. (Photo by Eduardo Munoz - Pool/Getty Images) No, this article is not about a socially-distanced, house-bound suburban family in lockdown zero-covid mode engaged in a game of charades with face masks on. Nor is it about the prospect of a Christmas that promises broken supply chains and bare shelves around the world for all the cheap goods made in China which is suffering from coal shortages and power blackouts. "The oil and natural gas we rely on for 75 percent of our energy are running out." "Unless profound changes are made to lower oil consumption, we now believe that early in the 1980s the world will be demanding more oil than it can produce." "World oil production can probably keep going up for another six or eight years. But some time in the 1980s it can't go up much more." "We can't