Focus: Oil giants drill deep as profits trump climate concerns
Focus: Oil giants drill deep as profits trump climate concerns
www.reuters.com
Focus: Oil giants drill deep as profits trump climate concerns
8 comments
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So nothing has changed. 😡😡😡😡😡
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The oil industry has a history of engaging in substantial extraction based on wishful thinking followed by a bunch of massive losses. Done right, and they can largely end up shut down as this cycle progresses and peoples' willingness to burn it drops.
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Let’s hope they all go out of business soon.👍
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Let’s up they all go out of business soon. 👍
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😡😡😡😡😡
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Drilling will continue until
moraleprofits improve.-
The thing is that if oil burning starts to fall, more drilling results in lower profits. This has the real potential to drive oil companies into bankruptcy.
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This a sound defeat for now at least. But things can change( and are changing) and they might lost their entire investment in the future.
8 comments