Comments by "Lok Tom" (@loktom4068) on "The IEA says China has hit peak oil - Oil markets face enormous glut" video.

  1. Actually, the oil & gas companies that can't adapt to the updated current demand drop will disappear. The initial effect would definitely market price drop on the product. While the governments taxes, environmental fees, and other user punishment fees would be increased to prevent consumers from switching back to fossil fuel.
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  2. In the mid 1970s top WESTERN scientists and scholars announced there will be a global worldwide oil shortage. The people will be freezing to death the human civilization will end. At the rate of 1970s the biggest user was US back then. At rate of the US and other industrialized nations in Europe including JAPAN consumption the world will be runs out of oil in the year of 2000. Price of oil jumps in an increasing rate that is from cheap and affordable to extremely expensive. Look at what's happening now. Fo figure.
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  3. @paulbo9033  In the mid 1970s top WESTERN scientists and scholars announced there will be a global worldwide oil shortage. The people will be freezing to death the human civilization will end. At the rate of 1970s the biggest user was US back then. At rate of the US and other industrialized nations in Europe including JAPAN consumption the world will be runs out of oil in the year of 2000. Price of oil jumps in an increasing rate that is from cheap and affordable to extremely expensive. Look at what's happening now. Go figure.
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  4. Don't worry the oligarchs and their government buddies will add more new names of punishment fees, charges, and taxes to prevent people from returning to fossil fuel ⛽️.
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  5. @willeisinga2089  If the oil price drops too low, the government of the WEST will and definitely will implement a new tax or another environmental fee to make sure you go green 💚 so you will have to switch to alternative environmental green energy.
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  6. In the mid 1970s top WESTERN scientists and scholars announced there will be a global worldwide oil shortage. The people will be freezing to death the human civilization will end. At the rate of 1970s the biggest user was US back then. At rate of the US and other industrialized nations in Europe including JAPAN consumption the world will be runs out of oil in the year of 2000. Price of oil jumps in an increasing rate that is from cheap and affordable to extremely expensive. Look at what's happening now. Go figure.
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