The post-crash decade reinforced the industry’s zero-sum competitive posture. Now it’s time to surround yourself with people willing to reach higher.
This isn’t the first time OPEC+ has become an uneasy relationship, but it is by far the most damaging development yet.
Zell said he’s buying energy stocks and debt as well as land, focusing on existing production rather than drilling.
Supply-chain disruptions and a demand shock caused by the virus could already be causing cash-flow problems for businesses, the strategists say.