Quote:
Originally Posted by SebC
Not true. If the world moves away from oil before we sell it, it'll stay in the ground forever. Also getting the money now and having the opportunity to invest it is better than getting the money later.
As for being taken over... Nexen's investors just got a big premium. If those investors are Canadian and re-invest their money, Canada's ownership stake in the world economy just got bigger.
|
Oil will stop being the fossil feul of choice when we are dangerously close to running out of it. Something tells me oil companies making billions a quarter probably aren't going to abandon that ship until they have to. Oil companies have a huge lobby for a reason.
I do find it curious how this thread is the only place I've seen where most people are for this and not against it. Even the comment section in the Sun is mostly against this.