3min chapter

The Compound and Friends cover image

Worse Than Enron

The Compound and Friends

CHAPTER

The ESG Is More Noise, Not That It Is Noise

The super majors began to think about the future growth prospects of oil as early as 2013, 14, 15. The rate of annual consumption growth in oil was much slower this century than it was in the 20th century. It took the pandemic for the independence to join in with this idea. And we're not going back to a time when the oil industry is going to overproduce and overinvest.

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