Google+ Followers

Wednesday, 31 May 2017

Here’s what could go wrong for oil if OPEC is wrong about its future

Here’s what could go wrong for oil if OPEC is wrong about its future:

"From giant companies like Exxon Mobil Corp. to OPEC members such as Saudi Arabia, oil producers say their industry will enjoy decades of growth as they feed the energy needs of the world’s expanding middle classes. But what if they’re wrong? There’s a host of reasons to think they might be. Here’s what happens when you test their central assumptions.

The International Energy Agency sees oil demand rising more than 10 percent, to 103.5 million barrels a day by 2040, while companies predict even faster growth."



'via Blog this'