I think this article is worth reading.
In 2000, Sheikh Ahmed Zaki Yamani, former oil minister of Saudi Arabia, gave an interview in which he said:
“Thirty years from now there will be a huge amount of oil – and no buyers. Oil will be left in the ground. The Stone Age came to an end, not because we had a lack of stones, and the oil age will come to an end not because we have a lack of oil.”
http://www.energypost.eu/historic-m...nd-oil-age-coming-opens-valves-carbon-bubble/
$50 to be the new norm, page-7
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Last
$25.84 |
Change
-0.130(0.50%) |
Mkt cap ! $49.06B | |||
| Open | High | Low | Value | Volume |
| $25.77 | $25.84 | $25.64 | $102.6M | 3.973M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 899 | $25.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.84 | 17599 | 4 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| WDS (ASX) Chart |