Quote:
Originally Posted by slapass
4 out of the 5 biggest companies in the world were oil like15 years ago now we have only one in the top ten. Seriously, oil is done. It is only a matter of time.
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Facts from the 2018 BP Statistical Review of World Energy:
1. The world achieved a new oil production record of 92.6 million barrels per day (BPD), which is the 8th straight year global oil production has increased. The United States was the world's top oil producer in 2017, exceeding 13 million BPD* for the first time ever. Saudi Arabia was second at 12.0 million BPD, while Russia came in at 11.3 million BPD.
2. Oil consumption also set a new record of 98.2 million BPD. U.S. consumption rose by 1.0%, and still leads the world at 19.9 million BPD. China's demand rose by 4% to a new record of 12.8 million BPD.
3. Global natural gas production jumped 3.0% to a new record of 355 billion cubic feet per day. The U.S. led all countries in both production and consumption of natural gas.
o&g aren't dead, they're growing. and that's in spite of renewables growing at the same time.
again, it's completely ridiculous to claim oil is dead and that's for many reasons, not the least of which are the facts above.
https://www.bp.com/en/global/corpora...downloads.html