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Great first order impact. Now consider second order. Exxon and Co buy distressed assets at depressed prices and resume production with an even better margin.
by elamje 6y ago
Great first order impact. Now consider second order. Exxon and Co buy distressed assets at depressed prices and resume production with an even better margin.
- hedora 6y agoTwo words: Private equity. You can’t buy what’s not for sale. Alternatively, they could transfer the oil assets to a separate company, and take that private.
- 8note 6y agoOr another one: People find out there's a great business plan for creating oil companies so they can be sold to environmental groups