This won’t win me any friends among the green lobby, but Saudi Arabia’s Oil Minister Abdulaziz bin Salman is right to warn of a potential energy crisis resulting from falling investment in fossil fuels. Here’s why.
The prince warned that worldwide oil production could fall by 30 million barrels a day by the end of the decade because there is not enough being spent on the exploration for and development of new resources. That implies production of less than 70 million barrels a day.
"Oil" - Google News
December 19, 2021 at 01:00PM
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Saudis Are Right to Warn of a Collapse in Oil Supply - Bloomberg
"Oil" - Google News
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