Post #10312 by Aussi on the Berkshire Hathaway board

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After ExxonMobil earnings, the CEO was interviewed on CNBC. He said they were not constrained by regulatory issues but by demand constraints. If demand goes up, they can quickly increase production in the Permian Basin.

So, will demand increase under a Trump administration? Green subsidies may go away which should perhaps make demand not decrease, not sure that it would substantially increase demand. If some companies are constrained by regulatory issues, then perhaps there will be more drilling, leading to more supply leading to lower prices.

OXY is into carbon capture. Will this still be economically viable without subsidies etc.?

So going forward, potentially lower oil prices, no subsidies for carbon capture.

Aussi

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