They probably do , infact I'm near certain they do but their not going to stop oil production to get it and let's play devils advocate here even if they did the CAPEX and OPEX constraints are the same it's not going to be magically cheaper .
Could they use their capital to bankrupt others ?
Well they could try but ultimately this is why I like ASNs Paradox claims "multi mineral resources" always need a plan B/C/D .
I don't think there's anything pivotal in the Exxon or "Big Oil" energy transition story , that story is as compelling as the next story .
I would be more interested in what Tesla and BYD do and on the flip side what Uranium does when it comes to the energy transition Macro indicators, but hey if you know something I don't please share I'm no "Soothsayer" I'm merely on a journey learning as I go the story isn't written yet and I'm sure there's more to learn so please , do "share" ........
Regards TT
Ann: Anson Confirms Site for Processing Plant at Green River, page-41
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