Good account of what's happening in the major oil companies right now & the role of the break even price. Kate Mackenzie. 'The buybacks, as much as they might be a repellent illustration of windfall profits arising from wars, are being conducted instead of investing in more upstream investment. Of course, this logic doesn't align with the much-repeated idea that “oil companies will have to be involved in the transition,” but neither do the actions of oil companies.' #oilhttps://heatmap.news/economy/oil-companies-are-preparing-for-a-lucrative-decline
Add comment