Tuesday, January 31, 2023

Projections: BP Or XOM -- January 31, 2023

Link here.


Later: see comments.

For the record, I'm 1000% in XOM's camp. 

From today to 2030, it's only seven years, and XOM has demand only going from 100 to 105; in the big scheme of things, practically flat. Meanwhile, even if BP is correct about demand being flat through 2030 (which is very, very unlikely) that descent is quite remarkable.

1 comment:

  1. JMHO but i agree with XOM. China, India and Africa will use massive quantities of Oil products. don

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