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Increased fossil fuel use amid rising renewables 




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Exxon Mobil: A Strong Sell Ahead Of The Last Age Of Oil (NYSE:XOM)

At the close of 2021, a popular Seeking Alpha contributor posted an article detailing why she believed that oil would experience a big move up "in the 2020s decade," setting the stage for what she calls the "Fifth Age of Oil" from which energy investors could profit. Oil did indeed experience a big rally from the pandemic-induced lows, and did spike soon after the contributor's post, but this was mostly unrelated to the contributor's arguments, and was largely caused by a voluntarily reduction of imports of Russian oil by Western states, as well as price hiking by energy companies in the wake of Russia's invasion of Ukraine.

seekingalpha.com     Aug 19, 2023