Hi pete11, your question is directly addressed in a very early slide in the Investor Day presentation, entitled “Investment Needed to Meet Future Oil and Gas Demand”. The graphs provided do indeed indicate that for some decades, it is anticipated that while demand will be falling, production will fall to an even greater extent. One would expect this will put upward pressure on Brent prices through to around 2050. A bit of reflection on these graphs, and one stops worrying about “peak oil” commentary altogether.
Hi pete11, your question is directly addressed in a very early...
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