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Oil Price, page-812

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    http://www.ogj.com/articles/2017/04/mckinsey-identifies-oil-supply-demand-scenarios-to-2030.html

    In the “usual” scenario, MEI expects oil prices to revolve about $60–70/bbl over the next 3 years and balance close to $65–75/bbl by 2030.

    (Peak oil demand is generally forecasted at about 2030 to 2040.)

    My past experiences with McKinsey have been in Mergers and Acquisitions and they do good research overall.

    Meanwhile coal will continue to be the main source of electricity generation and renewables , even at rapidly increased growth rates and declining costs, can't even keep up with the increasing demand for electricity. In fact it is forecast that coal's percentage of source of electricity supply will rise by 1% over the next 30 years to 65% from the current 64%. So don't hang your hat on renewables saving the world any time soon.

    So, in general, the forecasts are much of the same into an uncertain world. As ever.
    Last edited by Josh42: 31/07/17
 
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