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I think the petroleum mega corps are all going to go bankrupt. Their value is all tied up in what are going to be stranded assets, and as a consequence their st
by woodandsteel 6y ago
I think the petroleum mega corps are all going to go bankrupt. Their value is all tied up in what are going to be stranded assets, and as a consequence their stock prices are going to crash and they will no longer be able to take out loans to finance new initiatives, most specifically expanding into renewable energy. And besides that they will be competing against RE companies with a huge head start. In the last couple of years the financial community has been slowly coming to the same conclusion.