Climate change issue a litmus test for oil company survival

12/13/1999
One theory current among paleontologists is that the age of the dinosaurs was ended comparatively abruptly by dramatic climate change brought about by the impact of a huge meteor in the Gulf of Mexico area.A further theory is that all the dinosaurs did not die out after the blast-some just evolved and got smaller; modern birds have been shown to be direct descendants of one group of dinosaurs.These two theories are good analogies for what will happen to the petroleum industry over the next 100 years: Unless they begin to evolve, many oil companies will become just as extinct as the dinosaurs, and the process of evolution may require the survivors to shrink.The meteorThe meteor did not kil...
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