If you believe the age oil is coming to an end you still believe...

If you believe the age oil is coming to an end you still believe in the tooth fairy. Even if electric cars expand quickly it will take many years to replace the current generation of vehicles, and I include ships and aircraft. Oil found in SNE will always be cheaper to produce than shale oil. I believe we will be relying on oil for at least the next 50 years. Large amounts are also used in manufacturing (plastics etc ). I note tradeprestige has no FAR shares. There is good evidence to suggest peak oil from conventional sources has arrived. Deep sea oil will still be sought IMO as it will remain cheaper to produce than the alternatives. Gas will also continue to be exploited from deep water for many years to come. If some of the stories of watering out wells in SA are true they might not continue their dominance of OPEC for much longer.Current prices can't last IMO. The next high will probably be higher than the last. Let's hope we can drill at lower prices for some time to come.Could be a perfect storm for FAR.The sky is not about to fall!!!GLTA. Hang in there!