Tuesday, January 1, 2019

Scrapping Oil Tankers

Shipping companies are turning their oil tankers into scrap at a near-record rate:

https://www.bloomberg.com/news/articles/2018-08-01/oil-tanker-owners-scrap-most-ships-in-decades-as-imo-2020-awaits

This may be a good sign for the climate change crowd, but what does it mean for the rest of us? Energy demand is tracking the global economy, which is shrinking. No jobs = no money = not good for We the People.

Bottom line? Save the icecaps and polar bears, starve the humans.

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