Much of this decline in cash flows is already priced in the stocks. Capital spending appears to be the victim of the lower prices, not the dividends. With the majors there is plenty of cash to cover them for quite a while.
The 'old fossil fuel technology' is going to be with us far longer than most of us suspect.
On Dec 22 07:09 AM Ishortyou wrote:
> I wonder why we should be relying in the old fossile fuel technology > when we have the man hour power to mass produce alternative energies > market?
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On Dec 22 07:09 AM Ishortyou wrote:
> I wonder why we should be relying in the old fossile fuel technology
> when we have the man hour power to mass produce alternative energies
> market?