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Jay McKinsey

Is Big Oil Doomed To Repeat The Coal Industry's Mistakes?

Jay McKinsey in Oil (General)

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Jay McKinsey    + 1,490

Jay McKinsey

I'll just leave this here:

recent articles about the shale sector emerging from the pandemic stronger than ever before and $100 barrels of shale oil just on the horizon are disturbingly reminiscent of when chairman and CEO of Peabody Energy Gregory Boyce said in 2011 that coal was about to be bigger than ever and scoffed at the suggestion that natural gas would unseat coal in the U.S. energy mix. “We are at the early stages of a long-term supercycle for global coal demand with hypergrowth being driven by soaring energy needs,” he said in a now laughable quote. 

https://oilprice.com/Energy/Energy-General/Is-Big-Oil-Doomed-To-Repeat-The-Coal-Industrys-Mistakes.html

 

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