Is Big Oil finally getting stranded?

Thanks to Russia and Saudi Arabia, global oil production has not decreased in reaction to the abrupt halt in our economies. That means all the pipelines, all the oil tankers, all the refineries and all the storage facilities are full to capacity with a commodity that nobody can use right now. Oil producers large and small are haemorrhaging money in a way that is genuinely threatening to their existence, and people are learning how to work from home in a way that may mean we choose to travel far less when the pandemic finally ends. So is this a 'Perfect Storm' that spells the end for BIG OIL? Video Transcripts available at our website http://www.justhaveathink.com Help support this channels independence at   / justhaveathink   Or with a donation via Paypal by clicking here https://www.paypal.com/cgi-bin/webscr... You can also help keep my brain ticking over during the long hours of research and editing via the nice folks at BuyMeACoffee.com https://www.buymeacoffee.com/justhave... Download the Just Have a Think App from the AppStore or Google Play Interested in mastering and remembering the concepts that I present in my videos? Check out the FREE DiveDeeper mini-courses offered by the Center for Behavior and Climate. These mini-courses teach the main concepts in select JHAT videos and go beyond to help you learn additional scientific or conservation concepts. The courses are great for teachers to use or for individual learning. https://climatechange.behaviordevelop... Check out other YouTube Climate Communicators zentouro:    / zentouro   Climate Adam:    / climateadam   Kurtis Baute:    / scopeofscience   Levi Hildebrand:    / the100lh   Simon Clark:    / simonoxfphys   Sarah Karver:    / @sarahkarver   ClimateTown:    / @climatetown   Jack Harries:    / jacksgap   Beckisphere:    / @beckisphere   Our Changing Climate :    / @ourchangingclimate   Research Links INTERNATIONAL ENERGY AGENCY REPORT https://www.iea.org/articles/the-glob... RYSTAD REPORT https://www.rystadenergy.com/globalas... GUARDIAN ARTICLE https://www.theguardian.com/environme... BLOOMBERG REPORT ON REFINERIES https://www.bloomberg.com/news/articl... GREENPEACE ARTICLE https://www.greenpeace.org/internatio... #strandedassets  #bigoil  #coronavirus