What Should Investors Do With Exxon?

The video discusses Exxon Mobil's 30-year track record and the challenges faced by big oil companies like Exxon and Chevron in replacing their oil reserves. It highlights the difficulties in estimating the terminal value of oil and the impact of OPEC's broken cartel on global oil pricing. The discussion emphasizes the free market dynamics currently influencing oil prices.

What challenges are big oil companies currently facing in replacing their production with new reserves?

How has the performance of Exxon over the past 30 years been characterized compared to the next 30 years?

What is the current state of the OPEC cartel according to the discussion?

What does the speaker suggest about the future of oil prices and market dynamics?

What factors contribute to the difficulty in estimating the price of oil in the current market?