Hi, Geof! This post was spot on up to the last paragraph, where the author regretted that oil and gas companies are not investing their record profits in expanding their production capacity. The world does not need more oil and gas production capacity. Like BP, Shell and Total, US oil giants Exxon, Chevron et al. should refocus on bringing non-carbon technologies to market.
Hi, Geof! This post was spot on up to the last paragraph, where the author regretted that oil and gas companies are not investing their record profits in expanding their production capacity. The world does not need more oil and gas production capacity. Like BP, Shell and Total, US oil giants Exxon, Chevron et al. should refocus on bringing non-carbon technologies to market.