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Re: DewDiligence post# 20274

Thursday, 12/19/2019 11:56:02 AM

Thursday, December 19, 2019 11:56:02 AM

Post# of 29432
The scenario modeling looks out 20 years and also 80 years. Forget the longer guess for now. Using the 2000 forecast (using that as example since they were similar between majors) of oil demand out in 20 years to 2020, we should be producing and using 120-130 million barrels currently. I don't know what the 2010 20-year forecasts look like. It will be interesting to study as I am sure that will be off quite a bit too. Most of the front window is actually a giant rear view mirror. They would be better off pretending they are aliens just landing on earth and don't know much if any history.

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