Exxon Quits Drilling in Brazil After Failing to Find Oil

wsj.com

27 pointsmfiguiere6 comments

Meanwhile the U.S. shale boom is showing signs of peaking: https://www.wsj.com/articles/u-s-shale-boom-shows-signs-of-p...

This, combined with the energy crunch in Europe due to the war in Ukraine, may be another strong signal we have less runway to get off of fossil fuel than we thought.

Meanwhile China is going to ban exports of rare earth.

This is going to get painful really quick if the US doesn't have alternative energy options.

Oil dependency is a national security issue, and the clowns who ignore or downplay that fact are indistinguishable from enemy agents (courtesy of gray's law [1])

[1] https://www.urbandictionary.com/define.php?term=Grey%27s%20L...

> Meanwhile China is going to ban exports of rare earth.

That’s probably a good thing if it leads to finding other sources.

Europe rather collapse than start looking for rare earth metals on its own soil. The environment over everything else.

https://edition.cnn.com/2023/01/30/business/norway-minerals-...

Good so

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