Comment Comment by mxschumacher Demand for oil&gas will continue to grow for a long time due to:- SUV/pick-up boom (America's best-selling car in 2018 is the F150 series!) and more cars + trucks in countries like Brazil, India, China, Indonesia- crazy growth in air travel (look at order numbers of Airbus, see how many airports are under construction, see miles traveled via plane)- simultaneous shift away from coal+ nuclear, giving a huge boost to natural gas in the long term (LNG build-out is only now beginning)- the world getting richer (more and more humans are living like Westerners). We're on a path towards $100tn/y world GDP and 10bn humans.I provide more detail + resources on my blog: https://mxschumacher.xyz/post/long_oil_and_gas/ parent mxschumacher 7 years ago
- SUV/pick-up boom (America's best-selling car in 2018 is the F150 series!) and more cars + trucks in countries like Brazil, India, China, Indonesia
- crazy growth in air travel (look at order numbers of Airbus, see how many airports are under construction, see miles traveled via plane)
- simultaneous shift away from coal+ nuclear, giving a huge boost to natural gas in the long term (LNG build-out is only now beginning)
- the world getting richer (more and more humans are living like Westerners). We're on a path towards $100tn/y world GDP and 10bn humans.
I provide more detail + resources on my blog: https://mxschumacher.xyz/post/long_oil_and_gas/