One Cost Item No Longer Necessary for Big Oil: Public Relations

From the American Energy Society:  US supermajor Chevron acquired Hess for $53 billion two weeks after Exxon Mobil purchased Pioneer Natural Resources for $60 billion and while BP doubled its YOY profits ($27B). Note: Many SMEs believe the sector’s historic performance is far from over and that the Permian Basin in Texas will likely remain the centerpiece of all activity in the foreseeable future.

I’m reminded of a boss/senior partner I had as a young man who liked to say, on occasions such as these, “Well at least now it’s getting real.”

Yes, the gloves are off, and Big Oil no longer seems to care that its standing in the world of PR is really no better than that of Hamas.  They are baking the planet for profit, and there is not a goddamned thing we can do about it, at least in the short-term.

In the long-term, of course, we can electrify everything and then hope there is a path back to methane and CO2 levels that stabilize the climate here on the only planet we call home.