Why Oil Companies’ Fall From Favor Could Cause Next Price Spike
- Global investment in oil, gas is lowest in more than 10 years
- Prices could surge in coming decade if investment doesn’t grow
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Nobody loves oil companies. Tesla Inc., the emblem of an emissions-free future, is worth more today than the top five Western supermajors combined.
Yet the world’s disdain for its petroleum giants could carry a sting in the tail -- a jarring price spike.