The Post-Partisan Emporium

  A "massive cushion" of madness IRINA SLAV The Cambridge Dictionary  defines  madness as “stupid or dangerous behaviour”. It also lists a few dozen synonyms, featuring words such as “chaos”, “bedlam”, and “confusion”. All of these can and should be used to describe several recent updates from Camp Transition. In one of these, I’d go as far as to use the lovely set phrase “stark, raving mad” and it’s not the one you’re thinking of, namely the latest gift from the IEA. But let’s start with that gift. Earlier this week, the IEA made all the headlines in the world by  warning  of a looming oil supply excess— a horrible overhang (which the IEA called “a massive cushion”) of 8 million barrels daily that is to materialise before 2030 while demand growth slows down because the IEA said it would slow down, so there can be no question about it. The IEA itself, true to character, called the expected supply surplus, or rather the spare production  capacity  surpl...

See if you can find out measures that affect the SRF & Billionaires!  Private jets, Yachts, Smaller mansions, smaller cars and so on...  Emergency measures can quickly cut global oil demand by 2.7 million barrels a day, reducing the risk of a damaging supply crunch 18 March 2022 In the face of the emerging global energy crisis triggered by Russia’s invasion of Ukraine, practical actions by governments and citizens in advanced economies and beyond can achieve significant reductions in oil demand in a matter of months, reducing the risk of a major supply crunch, according to new analysis released by the International Energy Agency today. These efforts would reduce the price pain being felt by consumers around the world, lessen the economic damage, ...