Oil companies will probably go the way of the Encyclopaedia Britannica, going broke. They’re continuing to invest heavily in oil infrastructure at a time when the market is shifting and even now there is a flattening of demand for oil products where EVs are becoming prevalent. The trend will start to hit profitability and they will most likely double down.
Oil companies will probably go the way of the Encyclopaedia Britannica, going broke. They’re continuing to invest heavily in oil infrastructure at a time when the market is shifting and even now there is a flattening of demand for oil products where EVs are becoming prevalent. The trend will start to hit profitability and they will most likely double down.