The oil industry’s mega-merger spree and a US production boom point to strong crude demand for years to come
Source: Suspicious-Bad4703
The oil industry’s mega-merger spree and a US production boom point to strong crude demand for years to come
Source: Suspicious-Bad4703
7 Comments
Or it points to they are trying to get as much as possible before oil price collapses and government is forced to buy it all out
or have a plan where economies of scale/right sizing and “efficiencies” means they can squeeze some more profit out of a declining market demand
This Jounalist failed Econ 101 and still has their job. Speaks a lot about the pathetic quality of modern journalism.
I think it’s more fear of increased exploration costs at a time when prices are in decline that is forcing o&g to consolidate companies that have known reserves. This will keep the dividends flowing.
Wish there would be an acquisition of Baytex.
Strong demand??? There better be hella demand for plastics and petrochemicals… the gasoline demand is set to collapse. Companies are clinging onto each other for dear life is more like it.
Edit: woah woaaahh guys obviously the timing is dependent on increases in EV adoption rate which could take decades, but I do think that it will happen faster than anticipated. Just my opinion, I am not an expert nor do I work in the industry.
Big Oil will not contract without using every trick in the book.