Deloitte Report: How Will O&G Invest Extra Free Cash Flow?

Will oil and gas companies put their extra cash to good use on more fossil energy exploration and production? Or will they blow it on the myth of green energy? Powerhouse consulting and accounting firm Deloitte seems to think O&G will begin to invest more in "green" capital expenditures, raising it from the current 5% average to perhaps 30%. We think that's a waste. Deloitte has just published a new report, "Striking the Balance: How and Where Will O&G Producers Deploy their Cash?" (full copy below), which examines how O&G companies can "play a key role over the next decade in creating synergy between energy security and energy transition, while helping commercialize essential low-carbon technologies." Energy "transition" is a misnomer. Read today's article/interview with Enterprise Products Partners.

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