Talk of The Villages Florida - View Single Post - Let’s revisit
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Old 06-06-2022, 09:12 PM
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Originally Posted by Stu from NYC View Post
Management decided that the future of oil was not great and it was best to return excess cash to their investors. They saw that govt was going to push the automakers into electric vehicles greatly reducing the demand for oil.

The investors can than take the money and invest in other things that help grow the economy. Do you think they take this cash and hide it under their mattresses?

Are you still saying this is a bad thing?
Make sense. Don't reinvest the profits into alternative sources of energy. Just let the demand run out and call it a day. Not a long term strategy but you gotta make hay while the sun shines.