The Rising Influence of Rising Affluence

[semi_infinite]

I remember the extrapolations from the first chart on the left well. From internal company projections, 120 million barrels by now. And then I looked at the mega ME field data when water was starting to hit the big wells at Burgan (the one the Hussien lit on fire). There was just no way it was going to happen. Still no way. now for a different reason. I learned early that the inhouse economic teams residing in most majors to be a waste of resources. Only the crude and gas hedgers/traders were worth their money.

https://www.bloomberg.com/news/articles/2017-12-22/why-the-prospect-of-peak-oil-is-hotly-debated-quicktake-q-a