Addax Petroleum (fka AXC)

[nordicroots]

Fully agree. Even if the world somehow changed the demand now created by the need to fuel transport vehicles there would always be so many other things that would drive demand - but it would not be at the same rates of consumption we see now. I personally don't see that magic disruptive technology changing the transport side of the equation overnight and neither does the industry itself. If you watch what the giants of the oil and gas industry are actively doing it is to diversify into the downstream segments of the business in order to squeeze every cent they can from that part of the value chain.