View Single Post
Old 10-11-2018, 07:25 AM  
dyna mo
The People's Post
 
dyna mo's Avatar
 
Industry Role:
Join Date: Dec 2008
Location: invisible 7-11
Posts: 64,770
Quote:
Originally Posted by slapass View Post
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.
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
dyna mo is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote