this post was submitted on 19 Jan 2026
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It's like he wakes up every morning and asks himself "What can I do to make sure China owns the 21st century?"
Thats because he's stuck in the 80s. It's common for people with dementia to fall back to a time they thought was good and for him, it was the 80s when oil was king.
Oil is still king. It's not by a long shot about to lose it's value as a strategic resource.
We are long past peak oil. Look I'm not saying we're not going to need oil long into the future and its use for aviation is currently unsurpassed but the argument is our reliance on oil is waning as newer technologies have come into play, especially in the power generation and automotive sectors. Chemical and plastic production is still vital and that can't be done without oil. We're not getting away from using it for a long tine but it's past it's peak.
What Dumpy forgets is supply and demand (because he's one of the worst business people ever) and releasing more oil into the market from his imperialist acquisitions means a drop in value - even the oil execs were apprehensive as to whether the takeover of Venezuela and being told they need to fix up their processing was a good thing as they don't want the market flooded as that will cause the cost of oil to plummet.
As far as I'm aware peak oil production has not been recognized to have happened yet.
It is still assumed that global oil consumption scales with economic growth and under 2025 consumption increased.
Consumption is still growing, but the 'oil' in Venezuela is just tar, the 'oil' in the United States come from fracking. The days of sweet crude are behind us.