Cash flow seems to be a higher priority than growth. “Peak demand”, when global oil consumption stops growing and might begin shrinking, could also arrive within ten years or so, at least according to Shell’s CEO, further disrupting markets.
Why Oil Forecasting Is So Difficult Now: Short-Cycle vs. Long-Cycle vs. "Peak Demand"
Oil experts are deeply divided in their views on the future of what is still the world’s key commodity. This divergence was on display at last week’s CERA Conference in Houston, which brought together industry executives, consultants, media, and government officials from around the world. Although I didn’t attend in person, the organizers provided extensive …
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