Quote:
Originally Posted by CaptainCrunch
https://www.worldoil.com/news/2021/2...eid=b4ade1b61a
I mean why not, Russia and Saudi Arabia literally have no environmental standards for Oil, and don't really give a crap about Carbon emissions, so this move will just increase that.
Plus pumping a ton of money into hostile states.
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I'm skeptical either country can meaningfully add to their production long term for technical reasons. The Saudis has been planning 12.5Mbdp for over a decade and never got there. American oil hasn't exactly been held to rigorous environmental standards, when the TRRC allows 750mm cu/ft of natural gas to be flared everyday.
SA has the second lowest upstream GHG emissions per bbl in the world, Russia is mid pack. That is a function of their reservoirs and the type of crude they produce.