RE: Telegraph Article 4 hrs ago. WhIch government in their right frame of mind will say don't drill for26 Nov 2020 11:34
The International Energy Agency said investment remained stuck at $480bn in 2018 and 2019, and will barely reach $300bn this year. The IEA's Fatih Birol says well depletion is eroding 3pc of global supply annually. “We’re losing one North Sea each year,” he said.
Well depletion of 3pc equals no oil left in current fields 25 years surely, so we must open new fields.