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europe·Europebyvdbm

Oil companies and the IEA

"‘In the event of particularly high crude oil prices (i.e. above $90 per barrel; or a 50% increase in the price of gas or the refining margin), we plan to distribute 100% of the additional cash flow in the form of a special dividend.’"

So while the CEO of major oil company (Descalzi, ENI, source) says this, we are asked by the IEA to reduce our energy demand (work from home, cook electrically, reduce speed limits, etc.). Something doesn't add up.

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Oil companies and the IEA | Spyke