Billions losses.. Soon Natural gas stations stop

There is a global race for oil and the price of a barrel of crude oil is expected to reach $100 within months.

$128 billion in 2022

U.S. oil shareholders reaped a windfall of $128 billion in 2022 thanks to a combination of global supply disruptions such as Russia's war in Ukraine and intensifying pressure from Wall Street to prioritize revenue over finding untapped crude reserves.

Oil executives who in past years were rewarded for investing in giant, long-term energy projects are now under threat to funnel money to investors who are becoming increasingly convinced that the sunset of the fossil fuel era is near.

$128 billion across 26 companies

The combined payments of $128 billion across the 26 companies are also the largest since at least 2012, and occurred in a year when US President Joe Biden unsuccessfully pleaded with the industry to raise production and ease rising fuel prices.

For major oil companies, turning down direct orders from the US government has probably never been more profitable.

Fossil fuels

There is growing concern among investors that demand for fossil fuels will peak as soon as 2030, eliminating the need for massive multi-billion-dollar projects that take decades to fully generate returns.

In other words, the refineries and power plants that run on natural gas, along with the wells that feed it, risk becoming so, called idle assets, if they are replaced by electric cars and battery farms.

“The investment community is skeptical of what assets and energy prices are going to be,” John Arnold, a billionaire philanthropist and former commodities trader, said during an interview with Bloomberg News in Houston.

They prefer getting money through buybacks and dividends to invest elsewhere.

Companies have to respond to what the investment community is telling them to do or they won't be in charge for long."