Exxon Strikes More Oil Offshore Guyana
Let’s throw around some figures. If they struck more oil now, it will take some years to develop the field and bring it to production. Then you run such a field for a bare minimum of 20 years, most of the time much longer. This means that Exxon commits capital to projects now that will have to produce payback over the next 30 years at a minimum. How strong does Exxon believe in human-induced Climate Change you think?
