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In Energy Inflection Year Near?

Saudi Aramco will cut $10 billion on capital spending this year. Exxon joined the party on the reduction of capex. As that is happening, investments in renewables like solar and wind farms are hitting new records. Sure, oil capex will move up this year, as the global economy recovers, but do not miss the trajectory: the inflection point (year) is near for renewables to overtake oil spending. Nigeria, shine your eyes, and begin to plan for the future. Wall Street is voting with its war chest.

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Nigeria is shining its eyes, at least in search of what next to waste scant resources on, while activating looting from backdoor.

The eyes are wide open, almost popping out.

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