Ernst & Young Study Finds O&G Still “Core Asset” in Energy Sector

The casual reader of energy-related stories can't miss the meme spread by "mainstream" media day in and day out. That meme is that renewable energy (wind and solar) is taking over. The world is on the cusp of electrifying everything. Nasty and polluting oil and gas are yesterday. O&G's day is over and any company that continues to invest in O&G is heading for insolvency. Except it's all a lie. A new study by powerhouse consulting firm Ernst & Young (EY) finds "US hydrocarbons to be a viable core asset amid the energy transition." Translation: Oil and gas aren't going anywhere.

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