February 5, 2021 by Clark Williams-Derry and Tom Sanzillo

2020 was another bad year for the oil and gas industry. The pandemic made it worse but it was not the cause: a decline has been going on for a long time. Energy firms in the S&P 500 (overwhelmingly oil and gas) make up 2.3% of the total value, down from 16% just over a decade ago, and 30% forty years ago. Clark Williams-Derry and Tom Sanzillo at IEEFA explain why, how and what the likely consequences are for oil firms. For many years it’s … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: EVs, gas, investors, oil, plastics, Politics, prices, production, S&P500