There is no replacement for oil and gas other than nuclear….. the western world in particular is on a path to massive energy failure IMO. I’ve been saying it forever and so far I believe I have been proven right. Nothing but price increases, blackouts and unreliability on the horizon. Exceptions being China and others who refuse to play the game and are still building affordable reliable 24/7 energy plants.
Still a long future for oil and gas IMO.
Macquarie says Karoon worth $5.15 if oil > 100, page-572
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