TAP 0.00% 7.8¢ tap oil limited

Sturminator1 You want to flog off the NW Shelf assets at half...

  1. 2,669 Posts.
    Sturminator1

    You want to flog off the NW Shelf assets at half price!!

    You obviously believe there is a future in oil?  There is a global over-supply of oil and global demand is falling. Very large amounts of oil have been found in West Africa (one third of recent global oil discoveries have been in West Africa) but they can't find markets for it.

    Here is a graph of the likely trend in energy markets over the next 20 years. (Note the decline in coal and oil and the increase in gas)

    bp.GIF


    http://peakoil.com/consumption/tech-talk-the-bp-energy-outlook-2035
    Last edited by coopec: 23/02/15
 
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