npub16zxqmwyah9n6ahzt8q79tnkydw3kqg4vpl2yhg38lvpyyl7rgzqsqnxzxc (npub16zx…xzxc) I think the most likely way we end up devaluing this sunk capital is by electrifying transportation fast. And that'll make it possible for some new subset of the industry to walk away from oil, just because it'll change the relative importance of different parts of their balance sheets.
But for reserve-heavy companies (esp. the NOCs w/ low-cost production) it will still be very unattractive.
Zane Selvans /
npub1fl…y7vv3
2023-12-05 17:55:51
in reply to nevent1q…mwas
Author Public Key
npub1fl7vsfrgljdywsynhu5zm9hdraf7wj8fuvycnutgd6nsfhm9vlwqey7vv3Published at
2023-12-05 17:55:51Event JSON
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