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Author Topic: Fossil Fuels: Degraded Democracy and Profit Over Planet Pollution  (Read 23411 times)

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AGelbert

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[/center]

Goldman Says Big Oil Is Poised for Its Best Year in Decades 

December 14, 2017 by Bloomberg

SNIPPET:

By Kelly Gilblom and Nejra Cehic (Bloomberg) — Big Oil’s slump is over and industry domination beckons, according to Goldman Sachs Group Inc.

In 2018, companies from Royal Dutch Shell Plc to Exxon Mobil Corp. will find themselves with a surplus of cash to fund dividends, ruling the world of deep water mega-projects and even coming out ahead in tax negotiations with oil-reliant governments around the globe, according to Michele Della Vigna, Goldman’s head of energy-industry research.

The industry’s success in cutting costs, paired with a low oil price that keeps smaller competitors out of the biggest projects, has created an environment where only major players can compete, Vigna said. That should bolster earnings and return the industry giants to a position of dominance not seen in 20 years.

Full article:

http://gcaptain.com/goldman-says-big-oil-poised-best-year-decades/


Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

 

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