Imagine the consequences if the worst—collapse of markets and the U.S. economy—were to happen on your watch. That very well could happen as a result of ExxonMobil and other major oil companies defaulting on debt and filing bankruptcy—with ensuing precipitous shutting down of operations, panic sell-off of shares (divestiture), an market-wide panic—taking U.S. from an oil and gas inventory glut into a supply deficit. It would be worse than the OPEC embargo in the 1970s. Not only would we have rationing and long lines at the pump, but groceries and merchandise would be unable to get to the store shelves. Rail, truck, air, ship and personal transportation would be curtailed for insufficient fuel supply, production and refining. Business does not operate at a loss for long—they close their doors and lay off workers. But you already understand that. So what is holding you back? It’s time to get control.
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1 Aug 2016 Email to ENR Chiefs - If ExxonMobil is the "Gold Standard" What is the Industry Prognosis? (3)
Imagine the consequences if the worst—collapse of markets and the U.S. economy—were to happen on your watch. That very well could happen as a result of ExxonMobil and other major oil compani…