The End Of Oil approaches, but the stock market games are just beginning
Buoyed up by investment, UK Oil & Gas wants to drill in search of oil on the Isle of Wight. But what is it really looking for, and will its shareholders ever cash in?
 |
Exacerbated by last year’s COVID oil price crash, oil and gas companies have reached a fork in the road. Some, like BP, Shell and other European firms, are levelling up investment in renewables; BP, for example, is cutting output by one million barrels a day over the next decade and growing renewable output times 20.
Others, including Chevron and ExxonMo…