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7 points•0 comments•3h ago•by xbmcuser•cleantechnica.com ↗

The Petroleum System Is Entering Its Volatile Decline Phase

The article argues that the petroleum system is entering a more volatile decline phase as electrification reduces long-term oil demand and producer incentives shift. It notes the UAE’s exit from OPEC+ as a signal that flexibility and volume may be valued over cartel discipline, and it links historic shocks to current instability, including the Strait of Hormuz disruption. It also points to rapid electrification in transport, especially in China, as a driver of changing demand patterns, with the IEA calling the current crisis the most severe oil-supply shock in history.

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