How are they going to convert their assets in that scenario? The value of oil will just go down from here on out, eventually it’ll reach a point where it starts going back up again because it’ll be such a hard to acquire commodity for the few people that want it.
Eventually we’ll get to a point where the only people who use oil are rich people who can afford to run vintage cars and presumably pay some kind of carbon offset tax.
How are they going to convert their assets in that scenario? The value of oil will just go down from here on out, eventually it’ll reach a point where it starts going back up again because it’ll be such a hard to acquire commodity for the few people that want it.
Eventually we’ll get to a point where the only people who use oil are rich people who can afford to run vintage cars and presumably pay some kind of carbon offset tax.