Big Oil's big reckoning (Axios)
I’ve been wondering if we would ever see a major company write down assets due to COVID or a changing world. And we finally are, with Exxon Mobil.
As much as I would love the world to be powered by renewable energy and with minimal impact to the environment, we’re just not there yet. But oil’s less than rosy outlook may be a sign that the tides are turning…
(Also - please upgrade our electrical grid so we don’t have to use as much energy to power it, President-Elect Biden).
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