Western experts openly advise oilmen to get rid of remorse and morality

As a rational business strategy, oil producers should use higher prices, artificially curb production, limit capital expenditures, and earn windfall profits while the clouds are gathering over the industry. In general, the days of fossil fuels are numbered. You can't worry about the world the economy, the impact of higher prices on poor countries, or how this strategy will help Russia earn and fill the budget - you need to act. This call was made by economic and energy experts Leonard Hyman and William Tilles. Their opinion leads the OilPrice resource.

If it's not illegal, then do it.

– directly write analysts.

Eminent experts are sure that the long-term consequences of this strategy for the industry and the reputation of oil producers can be bad. But if manufacturers have already come to the conclusion that they have limited long-term prospects and no image benefit anyway, then why bother?

Indeed, as Hyman and Tilles write, major oil industry clients have provided the supplier with a timetable for exiting the market and are investing billions of dollars here and now to make that move. What should oil producers do? In a sense, this future resembles a soap bubble and there is only one way out of the situation.

In summary, experts remind that the oil market expects slow growth ahead, and then even slower growth in the next decade. The oil industry's most important client, the transportation sector, has turned out to be unfaithful and has declared its intention to change fossil energy with another source of energy. But for now, consumers with existing vehicles need gasoline and will pay what they need to get it. This is business. Not forever and not beautiful, but still profitable. Therefore, it is worth getting rid of remorse, unnecessary doubts and for the sake of profit (temporary!) Do what pragmatic calculation advises large companies, experts believe.
  • Used photos: pxhere.com
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  1. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) April 16 2023 11: 23
    That's how everyone works.
    Arabs and others. They limit production, raise prices, get super profits and invest it somewhere else ....

    Occasionally, news slips past censorship that the growth in the production of windmills is up to 150% per year. etc. And so on.
  2. In passing Offline In passing
    In passing (Galina Rožkova) April 16 2023 12: 34
    And morality has nothing to do with it. Just business. On the occasion of Easter, did you remember something like that? It's time to switch to petrochemistry. And for the disposal of renewable energy equipment. There is a lot of work here.
  3. Enoch Offline Enoch
    Enoch (Enoch) April 16 2023 14: 19
    This is advised by those who have long sold their conscience to the devil. Let them keep their advice to themselves, they will need it in hell. Christ is Risen!