RE: Oil stocks in the ‘death knell’ phase1 Feb 2020 13:21
It's a point of view. Imo, while less fossil hydrocarbon needs to be extracted worldwide; it makes more sense to extract it in a stable jurisdiction, of a net importer, with good environmental protection and established processing facilities nearby; than to ship it all the way from e.g. Nigeria, Venezuela, Indonesia.
But markets are funny things, and this commentator has his point of view.