Fighting coastal corrosion

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Financial Intelligence • Markets • World News • Independent Analysis
Published: 2026-09-09 • Permanent link

Rising costs are sending shockwaves through the global energy market as the price of gasoline and diesel fuel surges to a staggering $90 per barrel. ExxonMobil's announcement of increased production has been met with skepticism, with many industry experts questioning whether the company's efforts will be enough to stem the tide of rising costs. The market is on edge, with investors scrambling to adjust their portfolios and cede control of their investments. As the situation continues to unfold, one thing is clear: the world is holding its breath.

Fears of a global economic downturn are growing as the price of energy continues to skyrocket. Consumers are bracing themselves for the worst, with many already feeling the pinch of rising fuel costs. The ripple effect is being felt across industries, from transportation to manufacturing, and it's only a matter of time before the full extent of the damage becomes clear. The impact on investors is also being felt, with many scrambling to diversify their portfolios in a bid to protect their assets.

Since the 1970s, the oil industry has been grappling with the issue of coastal corrosion, which can have devastating consequences for projects that lack the necessary corrosion resistance. The problem is exacerbated by the corrosive effects of salt in the air, which can quickly erode even the most robust infrastructure. According to Alexander Alexander Gebert, sales director at Tobsteel, the consequences can be catastrophic, with asset owners facing significant repair costs and EPC companies incurring substantial losses.

Risks are mounting as the situation continues to unfold, with many experts warning of a potential global energy crisis. However, there are also opportunities emerging, as companies that have invested in corrosion-resistant infrastructure begin to reap the rewards of their foresight. As the world waits with bated breath to see how ExxonMobil's efforts will pan out, one thing is clear: the stakes have never been higher.