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> short petrochemical companies Is it that obvious? The harsher the world gets, the more oil we'll need to survive. I'm not sure we'll refrain from using this
by yodsanklai 7y ago
> short petrochemical companies
Is it that obvious? The harsher the world gets, the more oil we'll need to survive. I'm not sure we'll refrain from using this energy if it can provide short term relief.
- SuoDuanDao 7y agoCollectively we'll likely extract all that's available, but profit margins would naturally decrease as the more available deposits are used up. A lot of O&G companies will have existing infrastructure that will be depreciating over time, so they'll likely get very competitive over the dwindling supply of deposits. The industry will likely look quite active even after individual players are no longer particularly profitable.