Thread regarding Noble Energy Inc. layoffs

Oilprice.com says global oil shortage Inevitable

"This disconnect between the political desire for less fossil fuels and the global hunger for fossil fuels could drive the price of oil up to $100" says OiIprice.com. We are experiencing supply chain shortages everywhere and now it looks like an oil shortage is baked into the cake. There is basically no substitute oil and gas and the world wants it, but the political elite want to reduce hydrocarbon consumption no matter what the cost. The price of oil and gas is going up and Noble missed the boat.

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Post ID: @OP+1dxpTwkp

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The oil and gas industry is on track to discover just 4.7 billion barrels of oil equivalent (boe) by the end of 2021, its worst performance in 75 years, according to the research firm Rystad Energy.

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Post ID: @13dmz+1dxpTwkp

Why is the aggregate world oil demand increasing? The average person wants oil and gas. Green energy is expensive , unreliable, and inconvenient. Look at the gas prices in Europe after they have invested heavily in green energy for years.

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Post ID: @3jgc+1dxpTwkp

Only the political elite want to reduce hydrocarbon consumption? Wrong.

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Post ID: @3nys+1dxpTwkp

Noble did miss the boat but Dave S. and many of the managers would not have been able to manage Noble's assets anyway, resulting in failure.

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Post ID: @pea+1dxpTwkp

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