4 ms·
> why none of the oil and gas majors are drastically expanding their production capacity during this time of high prices Because its a short-lived blip? Didn'
by peteradio 4y ago
> why none of the oil and gas majors are drastically expanding their production capacity during this time of high prices
Because its a short-lived blip? Didn't we just have record lows less than 2-years ago?
- epistasis 4y agoWhen there's an influx of cash like now, it's usually an ideal time to invest that money in new production because you have the cash in hand. General consensus is that new development should be small and only in a few types of projects, due to the transition under way. For example see this BCG report (PDF): https://web-assets.bcg.com/5e/73/dcd6e1544ba2a964e6c082d684e8/bcg-oil-and-gas-investment-in-the-new-risk-environment-dec-2020.pdf https://web-assets.bcg.com/5e/73/dcd6e1544ba2a964e6c082d684e...