The end of big oil. Chevron on a glide path to being out of business in 10-15 years. Spinning off oodles of cash as it slowly sinks below the waves.
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OP here, I said the end of “big oil” not oil as a whole.
In 10-15 the IOC’s willl be dead or dying and the whole industry will be NOC with tech support from Indians and Chinese manufacturing.
But, a lot of people will get rich as the IOC’s die.
OP has one thing right. From an employee experience perspective big oil is dead. The best days are in the rear view mirror and no use looking back. Compensation will continue to fall as jobs are shifted to India. Just look at Exxon and how they have quit recruiting from most of the universities they used to recruit from. All hiring is in India. The writing is on the wall.
We found the Harvard MBA!!!
Oil will be around for a long time!!
Big Oil will be around for decades to come. Have you ever seen the energy mix of world's energy consumption? It's heavily dominated by fossil fuels. Not everyone can afford expensive electric cars, even if they do where does the energy to power those cars come from?
D-mb take. Poster is clearly an outsider that believes we can switch to battery powered cars overnight. Ironically the state that believes this fallacy the most is the least equipped to handle the influx.