Exxon – traditionally far more reluctant to cut book value of its business than other oil majors — disclosed it will write down N & S American natural gas fields by $17-20bn = industry’s steepest impairment since BP 2010 Gulf of Mexico oil spill
bloomberg.com/news/articles/… https://t.co/HjlElfm9fA
If underinvestment is one of the factors constricting supply of commodities/energy right now. The price collapse of 2014 is by
June 26, 2022
If underinvestment is one of the factors constricting supply of commodities/energy right now. The price collapse of 2014 is by far the most plausible explanation.