Quote:
Originally Posted by dewilson58
December 2021 EY study summary:
Summary
For the oil and gas industry, the next few years will be defined by capital markets’ reluctance to invest, discord among government, and consumer and investor perceptions about the speed with which oil and gas should or can be replaced.
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Thats likely a smart move. Like it or not using oil for power is going to way of coal. It would be very helpful if people would work together to make a smooth transition - good luck with that
Like coal, oil wont go away. I would guess at a 25% decrease over the next 50 years. But we do not need a bunch of new drilling or infrastructure to cover that