EnergyWatch

The oil industry has seriously begun to think shortsightedly

Insight: No industry has ever thought in the long term as much as the oil and gas industry, however, the oil price war has resulted in a huge mentality shift. Investors are now only thinking a few years ahead.

Photo: Bloomberg

VIENNA

The numbers are staggering: by 2025, the world will use 104.1 million barrels of crude oil daily, which amount to 53 loaded supertankers – every single day.

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