The world is on track to run out of sufficient oil supplies to meet its needs through 2050, despite lower future demand due to the Covid-19 pandemic and the accelerating energy transition – unless exploration speeds up significantly and capital expenditure of at least $3 trillion is put to the task, a bombshell report by Rystad Energy reveals.
Meeting global demandTo meet the global cumulative demand over the next 30 years, undeveloped and undiscovered resources totaling 313 billion barrels of...
https://mfame.guru/the-world-may-run-out-of-oil-supplies-in-the-next-30-years/