The Rising Influence of Rising Affluence

[DewDiligence]

Very informative video on Big Oil's business model, the effect of oil consumption on GDP growth, and demand from China—i.e. many of the issues of consequence to this message board. For listeners who are pressed for time and unable to hear the full hour-long presentation, I recommend starting at 43:00 and listening until the end of the prepared remarks, which takes about 13 minutes.

What's unclear to me is whether the presenter is bullish, bearish, or neutral on such stocks as RDS-B and HES (two companies mentioned explicitly in the presentation). Comments welcome!