this post was submitted on 29 Aug 2024
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Futurology

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[–] VirtualOdour@sh.itjust.works 2 points 1 month ago

Without new investment, Exxon sees oil supply falling 70% to 30 million barrels a day by 2030, sending crude prices soaring and decimating the global economy. 

They just want money, they want the government to invest in them instead of alternatives because if we invest in alternatives they lose money.

Of course they don't think the alternatives can compete, largely because their projections are based on them not being funded because we continue to fund oil with heavily subsidies instead.