Rodent + 1,424 February 1, 2018 Shell's earnings results are in, and their cashflow is set to beat Exxon's. AND they made more money at $60 barrels than at $100 barrels. If that isn't proof positive that a little price squeeze can be good for everyone, consumers and the industry alike. What it's NOT good for is renewables. If oil is profitable at a bit more than half the cost, renewables' future is not as rosy as it used to be. Quote Share this post Link to post Share on other sites
J Owens + 45 February 1, 2018 I completely agree - and I don't think Shell will be the last to impress with earnings this quarter, it's likely to be a very good month for big oil. An increasingly efficient oil industry and the governments stance on clean energy will combine to make renewables struggle. There's an early prediction for 2018 - the best year for oil in the last 4 and the worst for renewables. Quote Share this post Link to post Share on other sites
Addy + 14 AW February 1, 2018 I second that prediction. Not looking too good for renewables. Quote Share this post Link to post Share on other sites
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