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Strategies & Market Trends : World Outlook

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To: Les H who wrote (38451)	9/25/2023 10:52:25 AM
From: Les H	Read Replies (1) of 51117

How The Transition Push Contributed To Higher Oil Prices By Irina Slav - Sep 24, 2023, 6:00 PM CDT Anti-fossil fuel policies in the U.S. and Europe have led to lower investment in new projects. ExxonMobil CEO Woods: If we don't maintain some level of investment in the industry, you end up running short of supply. Only lowering global energy demand may lead to a situation in which prices will remain under control. oilprice.com They've also said they expect oil production has peaked and need to slow down drilling and exploration to maintain the peak for a longer period of time and slow the decline expected after 2030.

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