While O+G workers have been living like fattened calves, taking yearly bonuses and pay raises, the world has quietly been preparing to throw them under the bus.
That day is here and now.
"Sustainable Development" is a global initiative spearheaded by the most powerful entities on the planet, including all nations, the UN, World Bank, and even the Pope. Sustainable Development sets out a new course for the world, and names all their energy sources.
Oil is not one of them. And this is no longer in the distant future, it is the reason this oil crash was orchestrated.
"But...but....there's so much money invested in O+G"
Yes, like the 380 billion the majors just wrote off in Canada? You mean like that kind of money? Did you think the majors were going to alert the world and their worker bees as to the timing of this change by announcing divestment of the industry?
How naive!
No, they would never do that. Hope you enjoyed your coddled, entitled life.
It is now over.