The petroleum market isn't going away any time soon. Alternative energy infrastructure creation is completely dependent on fossil fuels currently.
I think around half of all oil is used for on road fuel. So the petroleum industry will gripe and moan when there revenue and profits decline.
The smartest thing the oil companies can do is change with the times since they have a huge revenue base and massive capital to work with. Not changing with the times and dieing off would just be a waste.
I for one am looking forward to climate change. On account of it " making snowy winters a thing of the past". To me that sounds like the solution to a problem, not a problem in and of its self.
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