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Where Will Future Oil Production Come From and How Can Investors Profit Today, Part 2
The IEA forecast for a daily increase in global oil production of 31 million barrels by 2030—a 37% jump—sounds like pure fantasy. Do the facts support it? Are big oil companies already searching for that future oil and finding it? Do they have plans to produce it?
Where Will Tomorrow’s Oil Come From?
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The Kingdom of Saudi Arabia is the world’s leading petroleum exporter. Officially, it has reserves of about 260 billion barrels of crude oil - approximately 24% of the world’s total proven petroleum reserves.
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