And the same way that coca cola makes more money from water, ff companies will emerge as energy companies
I have noted several times.....that the only company to make any significant move so far....has been the large French energy company Total
, which bought a large chunk of Sun Power about 5 years ago. Total
has a greater than 50% stake in Sun Power....the US PV company.
Exxon and most others have YET
to make much of any move. Just as many...if not MOST
....retailers were too late to react to Amazon and the "death of the mall".....just like Kodak didn't react to the change in the camera film market.....most of the oil companies will be too late to react to the changing energy and transportation industries.Total
what was going to happen....and they moved. Others "inside the oil bubble" have yet to move. Exxon was a $105 stock in 2014.....it's now at $80 and heading to $60. Their "currency" to buy companies....is their stock price. Many of them will wait until it is too late.
Most of them are like Harold Hamm of Continental Resources....and all he knows is oil.https://www.forbes.com/sites/christopherhelman/2017/03/09/up-on-trump-down-on-oil-hamm-warns-frackers-not-to-spook-opec/#4fc1e3bcdf75
And Harold now seems to know that greed is going to kill the frackers.
Donnie's deregulation of the oil companies will NOT
have the desired effect of making the oil companies more profitable. What it WILL DO
is to continue to put pressure on oil prices. Ten or twenty years ago that would have been horrible for renewable energy. Not so any more. Renewables will keep pushing their own prices down. It won't be ecology that kills the oil companies.....it will be the continuing improvement of the economics of renewable energy.
Many of the oil companies are STILL OVERLEVERAGED
with debt. That is going to be a problem for many of them....and it will be why they have to cut dividends....in order to service debt.
The world's transportation system AND
the worlds use of energy for other applications continues to get more efficient at warp speed. And many of the oil and gas companies will die a slow death over the next couple of decades.