Quote:
Originally Posted by nik-
Sure, the world is changing, but global oil demand still goes up every year, so maybe it's not changed like you seem to think it is.
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Depends on who you believe.British Petroleum for one doesn't agree with you.
https://www.worldoil.com/news/2020/9...eaking-by-2030
Also, keep in mind that OPEC alone is curtailing 10M bpd.
https://www.google.com/amp/s/www.cnb...c-meeting.html
I am not saying Oil companies are going to shut down existing facilities...but in these conditions as a prudent investor with many global options, would you invest in a new large scale heavy oil extraction facility that will take a decade minimum to engineer, review and build with that forecast and global capacity?