Fossil fuel transition: Expect oil price spikes as capital investment declines

Yes, there will be way more volatility and when the effects of the self-induced blood-letting eventually subside as they will, there will be much higher oil prices. Now, what will that do to the oil world? Throw a ton of money at something and watch it grow. If the current batch of politically correct oil majors does not want to take the lead, others will. It’s time for the dinosaurs of the oil and gas business to go away and make place for a new breed. If the current madness has helped kill off the humping monsters, it will have done something good after all.

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