TallTom
Registered
I don't know about struggling. Lol. There is plenty of revenues still gushing in from carbon based fuels.You will see more and more of this. oil companies are struggling hard these days as they are not allowed to explore or start new extractions under your (and our) current governments....
We may see a huge change in this if these governments are voted out and I really hope ours is-the guy we have now is running our country into the ground.
As we all know, making EV is not any environmentally better than making ICE and in many cases it's worse. The carbon footprint of an EV is pretty high and when and if they become mainstream, the cost of recharging them will climb, once the power companies get loose, all bets are off....we get to see a small taste of this in California.
I won't be shocked to learn this was some deal to free up some oil drilling that the current govt is preventing.
Govt: We won't grant you any access to oil unless you offset it with some Lithium.
Mobil: OK we are now producing X amount of Lithium.
Govt: OK. We will let you have oil then.