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The oil and gas industry might well go bankrupt in the next decade as investors start to anticipate the huge cost of running declining businesses (with declinin
by rcMgD2BwE72F 7y ago
The oil and gas industry might well go bankrupt in the next decade as investors start to anticipate the huge cost of running declining businesses (with declining yields), and account for the trillions of stranded assets. Also, government will ask these companies to pay for the health and environmental cost of all their emissions. The insurance industry will also refuse to support them at some point. Why expect such a failing industry to provide these services?
- tonyedgecombe 7y agoThere is still money to be made in declining industries, tobacco is a good example.
- scottLobster 7y agoHave you not been paying attention to the shape boom? The US is now a net exporter of oil and we have more natural gas than we know what to do with, and it'll likely stay that way for at least the next 70 years. I'm not sure where you're getting "declining yields" from.