Reply To: Oil and gas industry M&A in the near future

#93697

Thank you, Silman. I was saying just based on my recollection but did not check the facts. You are right. Looks like we have had quite a few large M&As. Probably it is going through some consolidation exercise to achieve economies.

Also, I think I can ask you this question. Where are we heading in terms electric car adoption and it’s impact to Oil & Gas industry?. Will electric car take the mainstream or it will be on the sideline for quite sometime (tested) before taking mainstream. I think it will go through testing phase for quite sometime as we do not even know the supply (battery) world if we have to have billion+ electric cars in the world. Oil & Gas will find a sweet spot to stay in the meantime, probably they will get into renewal energy world with their money on hand.

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