Thread regarding Chevron Corp. layoffs

U.S. electrical power generation from traditional sources has peaked and declining

Not a good sign for any fossil fuel-based energy company. If you are a young person starting out in the oil and gas industry, it would be good to start looking at something else for a long term career.

https://www.bloomberg.com/view/articles/2017-04-12/the-de-electrification-of-the-u-s-economy

Now, JW said that the world's demand for oil/gas energy will still be growing for the foreseeable future. But for how long? The developing world will start catching up to the U.S. and become more efficient and use less energy. It seems low price and longer is here to stay.

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Post ID: @OP+MNM4I0g

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I expect continued low oil and gas prices and hope it continues for the next 10 years or more. I'm retired and no longer in the O&G industry. Both the country in general and I gain with lower energy costs. I'd like to see WTI oil trade in the $47 to $60 band for the next 7 or 10 years. This is enough to keep Chevron in existence and the general US economy thriving.

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Post ID: @1sgo+MNM4I0g

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