Sentences with phrase «global oil situation»
«Seen from a Middle Eastern perspective, the present global oil situation can be summarised within five major and inescapable trends:
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By now, it should be obvious that the Saudis and their Gulf allies are playing the long game when it comes to the current oil situation, and that means keeping the taps flowing in the midst of a global glut no matter how low prices go.
And the situation is far worse than one of «we are beginning to experience the effects of global warming AND peak oil AND fishery colapse, and so on.»
Although global warming will certainly be bad in itself, the likely prospect of beyond peak oil will compound the situation drastically, with little help to reducing forcings and the rate of global warming.
Back then, we were still focused on terms such as The Cold War, nuclear winter, the war on poverty, racism, the oil shock, the Middle East situation, and later on, towards of our «three score and ten» on Earth newer terms such as 9 - 11, terrorism and global warming.