The day is coming when the vast oil reserves become, for the most part, stranded assets. Hurry that day!
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The U.S. oil industry saw nearly $200 billion in upstream deals last year, but the refining sector missed out despite plenty of willing sellers as the energy transition away from fossil fuels accelerates and casts doubt over the long-term value of aging U.S. refineries
https://www.reuters.com/business/energy/us-refinery-ma-stalls-buyers-shun-aging-assets-uncertain-future-2024-02-16/
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@BrentSullivan They can howl all they want the horses have departed the barns. Same for coal.