International oil companies are likely to face a Black Swan scenario, which could end up being a boon for state-owned oil companies.
With a net demand growth for oil and gas in the coming years, the world will need all hands on deck to support upstream investments to bring the hard-needed oil and gas reserves and volumes to the market.
In contrast to what some media sources are suggesting, oil and gas demand will not diminish, on the contrary, oil and gas prices will rise due to a lack of supply.
By removing market-oriented oil and gas giants from global markets, the only way to gain access to oil and gas will be the national oil companies.
Destruction of knowledge, technical capabilities and additional financing, could constrain the hard-needed push for new oil and gas production.
Between 2014 and 2018, upstream oil and gas investments have been hit hard, leaving a $1 trillion investment gap.
Lower oil supply will push up prices if demand continues to grow.
https://canadafreepress.com/article/the-32-trillion-push-to-disrupt-the-entire-oil-industry
With a net demand growth for oil and gas in the coming years, the world will need all hands on deck to support upstream investments to bring the hard-needed oil and gas reserves and volumes to the market.
In contrast to what some media sources are suggesting, oil and gas demand will not diminish, on the contrary, oil and gas prices will rise due to a lack of supply.
By removing market-oriented oil and gas giants from global markets, the only way to gain access to oil and gas will be the national oil companies.
Destruction of knowledge, technical capabilities and additional financing, could constrain the hard-needed push for new oil and gas production.
Between 2014 and 2018, upstream oil and gas investments have been hit hard, leaving a $1 trillion investment gap.
Lower oil supply will push up prices if demand continues to grow.
https://canadafreepress.com/article/the-32-trillion-push-to-disrupt-the-entire-oil-industry
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