February 8, 2023

Drowning in cash, big oil’s biggest challenge is how to spend it

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From Newsmax Big Oil’s big payday has finally arrived. The question now is how to spend the extra cash. Investors will be reading the third-quarter tea leaves to discern whether executives plan to boost dividends and buybacks, hike spending on shiny new mega projects, or perhaps even do both. What they do know is that […]

Oil industry faces boom-and-bust, warns IEA energy group

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From BBC A new oil industry boom-and-bust cycle is likely if the current reduction in new investment is not reversed, says the International Energy Agency. The IEA says unless more money is spent exploring for, and developing, new oil fields, then demand may outstrip supply in the early years of the next decade. That could […]