Quote:
Originally Posted by tkflames
Depends on who you believe.British Petroleum for one doesn't agree with you.
https://www.worldoil.com/news/2020/9...eaking-by-2030
Also, keep in mind that OPEC alone is curtailing 10M bpd.
https://www.google.com/amp/s/www.cnb...c-meeting.html
I am not saying Oil companies are going to shut down existing facilities...but in these conditions as a prudent investor with many global options, would you invest in a new large scale heavy oil extraction facility that will take a decade minimum to engineer, review and build with that forecast and global capacity? |
Tell me what the the cashflows are for an O+G investment 10yrs out...or an office tower or retail asset. That's the problem those industries are facing for capital investment.