Investor's Business Daily has quite a section on consolidation in the oil patch. Lithium forays are also discussed. This section is on the ridiculous notion by IEA that oil will peak out by 2030. This must be where the Walking Mummy is getting his advice via Herman Munster (Kerry, Energy Czar). Note the reaction from people who have subject matter knowledge...As Dr. W. Edwards Deming often noted, "there is no substitute for knowledge." Especially when fantasy becomes misguided policies by the political mooching class:
‘Wilting Under Scrutiny’
"In September, the chief executives for both Saudi Aramco and Exxon Mobil said the IEA’s view of a rapid, EV-fed transition to new energy is not supportable. That notion, said Aramco CEO Amin Nasser, is “wilting under scrutiny” because it’s driven by government policies, not by what he called the “proven combination of markets, competitive economics, and technology. ”CFRA Research energy analyst Stewart Glickman points out a clear “disconnect between the fossil fuel industry and the new energy crowd” on how quickly, and by how much, renewables will displace demand for fossil fuels. Some 53% of U.S. oil and gas executives predict global oil consumption in 2050 will be higher than now, according to the latest Dal las Federal Reserve Bank Energy survey. Only 8% of those polled see consumption declining. “The heavyweights in the industry, like Exxon, have projected out energy demand over the next 20-30 years, and they do account for an increase in renewables as well as a decrease in fossil fuel demand,” Glickman said. “It’s just that their outlook isn’t calling for a massive reduction in fossil fuel demand.”
"Happy talk" serving politicians in the EU on the Green Unicorn strategy.