Current Investment in Upstream Enough to Meet Peak Oil Demand in 2030s: Wood Mackenzie

(Reuters) – The current global annual investment of around $500 billion into upstream oil and gas would be sufficient to meet peak oil demand in the 2030s, Wood Mackenzie said in a report, debunking the widespread belief of under-investment in the sector. Current expenditure could deliver the supply needed to meet demand peaks through three … Read more

Leave a Comment