[TDoS]

I 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.

Then 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.

[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.

Maybe,  but I still don't think using the military in either Vz or the GWN at this point to acquire oil is a very good idea.  Overall too destabilizing and a lousy risk/reward ratio.

RE