But just because the contract was launched does not mean it will become dominant, or even relevant.
It lost $18 billion in Q4 on declining revenues and production, has $102 billion in debt, and now its world is changing.
The coal and nuclear power generator may default in April.
Venezuela is “suffering the worst economic depression ever recorded in Latin America.”
Just as the gasoline market is opened to competition, Mexico becomes one of the worst places in the world for fuel theft.
Oil is setting up for a turbulent year.
The Chinese government has taken over its management, and its CEO is under investigation.
And this is just the beginning.
The lure of forever-cheap money. But now rates are going up.
Nice to know our government is generous, even rewarding corporate failure.