Quote from: RE on Dec 14, 2025, 11:54 PMI don't think there is quite that much of a rush. As I recall, the IEA predicted a glut of oil for the next decade.
And global peak oil in 2006. Sorry, but Fatih has never had anyone's confidence in knowing dick about O&G anything, plus he's an economist to begin with. "If you build it they will come!" is common among that gang. When I bump into demand side arguments I label it "The Field Of Dreams" economic theory.
Quote from: REThen again, nothing abut the industry makes a whole lotta sense.
RE
The industry makes perfect sense on the upstream side at the very least and can be described from top to bottom. The instant the social science of herd-think gets involved within the supply/demand/price envelope ....that's when it all goes sideways.