Chinese reduction in oil demand, which I think in terms of the long term is a really, really heavy kind of bearish burden on the barrel that's going to be very, very difficult to over- overcome. If it's difficult right now for the world to get more than a million barrels a day of of overall oil demand growth, back when in the 2010s we were talking like the norm was 1.5 to two. Um now we're struggling to get one. It's going to be even harder to hit that one number or any positive growth when you're seeing that kind of demand destruction in China specifically from EVs.
If it's difficult right now for the world to get more than a million barrels a day of of overall oil demand growth, back when in the 2010s we were talking like the norm was 1.5 to two.