MESO-Rx
Anabolic Steroids
Climate Change
- Thread starter Michael Scally MD
- Start date
Oil has occupied a central place in the American economy for the past century — powering houses, automobiles, factories and everything in between. As a result, the oil companies that drilled, shipped and sold black gold reaped billion in profit year after year and continue to do so.
But for the first time oil and gas companies are openly grappling with a less-than-certain future where climate change and related advances in other energy sources make them less dominant.
In its annual energy outlook released last week, BP said that it expected oil demand to peak in the next two decades as renewable energy grows and consumers purchase hundreds of millions of electric vehicles. In an outlook released in February, http://fortune.com/fortune500/exxon-mobil/ projected a peak in demand for gasoline in the coming decades and acknowledged that some of its assets “may not be attractive investments” as a result of the shifting energy market.
These changes may sound subtle, but they signify a marked shift in direction in an industry that for years fought government climate regulation and in many cases sought to murky the science underpinning the need for action on global warming.
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