Doomberg • 7407 implied HN points • 23 Nov 25
- ExxonMobil has made a significant discovery using petroleum coke as a proppant, which can boost oil production in shale wells by up to 20%. This technology is expected to play a big role in their growing production numbers.
- Despite concerns about oil production peaking, companies like ExxonMobil and Chevron are demonstrating increased efficiency and technology advancements that could mean more oil recovery rather than a decline.
- Many people believe we are running out of oil, but a more optimistic view is that technology will help find and create more energy resources, leading to lower long-term prices for oil and gas.