Agreed. Exxon, Chevron, Shell and BP have been neutered. They all have a nice amount of proved reserves and have about another decade of production. As courts, regulators and these ESG lunatics shift the companies toward “green” R&D and away from exploration and drilling, Saudi and Russian oil companies are going to fucking mint money. And the Chinese companies will have no global competitors with the scale to exploit the projects outside the OPEC zone.
In 10 years we’re gonna see $150/bbl oil. Maybe higher. It will crush the living standards of the poor.
Agreed. Exxon, Chevron, Shell and BP have been neutered. They all have a nice amount of proved reserves and have about another decade of production. As courts, regulators and these ESG lunatics shift the companies toward “green” R&D and away from exploration and drilling, Saudi and Russian oil companies are going to fucking mint money. And the Chinese companies will have no global competitors with the scale to exploit the projects outside the OPEC zone.
In 10 years we’re gonna see $150/bbl oil. Maybe higher. It will crush the living standards of the poor.