XOM - Oil & Gas: Disrupted By Technology But Many Investors & Companies Still Don't 'Get It'
- I have been writing on Seeking Alpha about the technological disruption (i.e. fracking and Hz drilling) of the oil & gas industry for a few years now.
- That technology disruption has led to a new era of energy abundance in which the world has a huge and secure supply of oil and gas.
- Yet, from the comments to my articles, I can tell that many investors, in addition to many US O&G company CEOs, still don't "get it".
- As a result, the O&G sector has been one of the worst - if not THE worst - performing sectors of the entire market over the past 3, 5, and 10 years.
- Investors (and O&G CEOs) need to be careful to make sure that the next decade is not as bad as the last decade.
For further details see:
Oil & Gas: Disrupted By Technology, But Many Investors & Companies Still Don't 'Get It'