Big Oil’s short lived moment in the sun
Smart investors should be preparing for a world that consumes less oil
With oil prices nearing an 18-month high and Donald Trump about to enter the White House (joined by Exxon Mobil’s Rex Tillerson as secretary of state), Big Oil is enjoying a moment in the sun.
Having slashed spending during the downturn, companies are itching to grow again: Statoil is increasing exploration for the first time since 2013 and BP has green lit a $9 billion expansion of its Mad Dog deepwater project in...
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