Winter Fuel Short Due to CO2 Hysteria

Science Matters

David Blackmon writes at Forbes Winter Is Coming: Can Energy Catastrophe Be Averted? Excerpts in italics with my bolds and added images.

Bank of America said in a note on Friday that the price for crude oil could exceed $100 per barrel over the winter and precipitate a global economic crisis, as reported by BNN Bloomberg. In its note, BofA cites the possibility of an unusually cold winter, higher aviation demand and potential gas-to-oil switching in power generation as factors that could create a further run-up in oil prices, which have already risen by almost 60% since January.

For Japan, Korea and much of Europe, natural gas prices have already climbed to levels that are considerably higher than the price for crude on a per barrel equivalent basis. Further increases could support switching from gas to fuel oil in power generation, but only where such switching is still available. Many…

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