The $32 Trillion Push To Disrupt The Entire Oil Industry
There is a silver lining. The more the big companies are forced into this corner, the more good business will remain on the table for smaller companies that are much less prone to this kind of activism. Don’t get me wrong, I think this kind of activism is nothing short of terrorism and no company should be subjected to it. But the economy always finds a way to cope and if you drive away the big beasts, the small ones will thrive.
Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. International oil companies (IOCs) are likely to face a Black Swan scenario, which could end up being a boon for state-owned oil companies (NOCs).
