Some things in the petroleum sector have our heads spinning of late. We are seeing new strategic positioning with regards to impending environmental regulations and policies. No mere tweaking of positions, we seem to be seeing the stirrings of a wholesale shift in some long-entrenched positions. While I am not naïve and it is unclear the particular motivator here (New plans? New tech? New economicor socialor politicalcalculations?), there certainly appears to be what might turn into a sea change within Big Oil circles.
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