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What a load of rubbish this CEO is saying on oil prices. His comment is same as saying: ....in the long run we are all dead......
Sure the industry and crude market goes thru cycles,
and sure Exxon will do fine as a company....every CEO will say this about the company he is running otherwise the shareholders run away.
CEO's of oil companies are notorious for misreading the crude prices and are famous for their "political correctness" of their answers.
I honestly would not bother to take any views of Exxon's CEO as guideline for predicting crude price for next 1-3 years.....go by your own wits + research.
ppk.
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