It doesn't matter what we do. We are like tobacco and coal mining companies now, perhaps worse. Even if we make great profits, we will be hated and the stock price will droop lower and lower. Management will despair and resort to layoffs as their only lever for action. IOCs will be driven out of business and only NOCs will remain as the transition to clean energy occurs.
Thanks, @idb+1e2ssKxq for spelling it out for those who refuse to see the truth.
What, OP? We are like a tabaco company now? No we’re not. This country of ours has been and still are “chain smokers” and hooked on oil (and gas). I don’t mind a steady shift to efficiently alternate energy sources, but O&G will for a very long time be valuable to our economy, industries and superior power as a nation. It’s useful for more than gasoline in our cars and powering heavy machinery, but also a vital source of electricity generation. It’s also a key instrument to keeping a superior power balance in the world—- so long as government understands this and stops stifling the industry, because by doing this, it’s stifling itself.
O&G is partly to blame for their own bad reputation. What’s next, destroying democracy in the US? No sympathy here.
You're right, OP. Just like tobacco companies starting in the 80's, O&G is now smeared with a bad reputation that cannot be restored. It's all downhill from here, guys, let's just see how long we can drag it out.
Yes Indeed. @2evw. You should be thanked for your service and contribution to making the O&G industry much more environmentally safe and friendly than it has ever been in history. It's the "fault" of the current technological leaders responsible for helping upgrade the industry to today's emission standards, etc. as opposed to back when the bulk of the harm was done??? What a laughable concept and a pathetically uniformed individual.
I was working with an older gentleman that has no experience in the oil industry and he was aware that I did have oil field experience. As we were discussing the environment, he insinuated that it was my fault that the environment is the way it is today. I have to tell you that sort of hit me the wrong way. I am very proud of my service in the oil and gas industry and people have no idea how much higher their standard of living is because of the oil and gas industry.
For MW he seems to relish layoffs every couple years. Doesn't matter what the stock price is. If he wants to remotely win his employees confidence back he should forgo the massive layoffs for a few years.
Wrong, MW's calm and rational arguments will win them over