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by dalbasal 2029 days ago
Idk if a monarchy where citizens are a small minority can be thought of this way.

It's like saying a company has lots of money saved. Doesn't matter much if the operation aren't profitable.

Economic activity ceasing is still what it is.

...in any case, gulf oil will likely be the last well abandoned. It's so cheap to produce that production can continue at very low oil prices. The last half of any adoption curve is long, and people will still consume some oil and gas for several more decades.