2020 Will See a Global Oil Shortage


According to Goldman Sachs analysis, a shortage of oil is coming during the next decade because firms can't fully invest in future production. Prices will rise for crude as oil majors transition to gas production. Global oil majors are increasingly looking to invest in lower-carbon areas of the energy sector, as they react to pressure for cleaner energy, both from government policy and investors.
 

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There was an article on this site a while ago talking about this. The journalist was saying he was going to have to prepare his grandson for the long lines of cars queueing at gas stations as he had known back in the 70's. Thought the bet advice he could give his grandson was to buy an EV.

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