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Oil and gas execs less than enthusiastic about drilling more
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paywall Bot paywall@ibbit.at
Joined: 2025-07-12
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Paragone lemmy.world Paragone@lemmy.world
Joined: 2023-12-06
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Why would they invest in guaranteed-future-overcapacity ( thereby eradicating their-own profit-margin ),

for sake of mitigating an ultra-high-profit-margin present??

Their intentions are not aligned with the intentions of their customers, & they've got the leverage, so .. Natural Selection on whomever doesn't survive, same as always.

( obviously, if you want any industry to be more aligned with their customers, then you have to have a not-for-profit competitor, or 3, in that industry, to keep the industry, itself honest.

Won't be tolerated by any incumbents, of any industry, obviously: maximal-supremacism is the only paradigm that for-profit / concentration-of-wealth-archy / oligarchy allows.

Feudalism's "important"! )

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