Tag Archives: Complicating Efforts to Fight Global Warming – New York Times

OIL: Flood of Oil Is Coming, Complicating Efforts to Fight Global Warming – New York Times

Nov. 3, 2019 – By Clifford Krause – New Your Times

HOUSTON — A surge of oil production is coming, whether the world needs it or not.
The flood of crude will arrive even as concerns about climate change are growing and worldwide oil demand is slowing. And it is not coming from the usual producers, but from Brazil, Canada, Norway and Guyana — countries that are either not known for oil or whose production has been lackluster in recent years.

This looming new supply may be a key reason Saudi Arabia’s giant oil producer, Aramco, pushed ahead last Sunday with plans for what could be the world’s largest initial stock offering ever.

READ MORE:  Flood of Oil Is Coming, Complicating Efforts to Fight Global Warming

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