4 ms·
But oil goes to $110/barrel sometimes (like it is now), and Exxon gets to make a ton of money. With renewables, you're locked in for decades when you sign the
by missedthecue 4y ago
But oil goes to $110/barrel sometimes (like it is now), and Exxon gets to make a ton of money.
With renewables, you're locked in for decades when you sign the contract. There's no upside swings.
And oil isn't a great business to be in either. Return on Equity for the whole US industry since 2010 or so has been ~0%