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IEA chief warns commercial oil inventories are depleting rapidly, only weeks left
(economictimes.indiatimes.com)
this post was submitted on 18 May 2026
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Damage to whom?
Oil scarcity will increase the sale prices for oil massively. Which means the profits for big oil will go through the roof.
Everyone else will loose, sure.
In the short-term, you are right. In the long-term, this is pretty much the end for fossil fuels. Not only is solar cheaper, it's also more reliable now.