re: Offshore Oil And Gas Is Back, Baby

quote:

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even if the US and western Europe were to reduce their oil demand (they won't), India and China will still drive demand higher over the next few decades

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Bingo.

That’s what these NGO do-gooders who’ve spent their life living in the comfort of the United States and lived for seven years in college getting a communications degree and masters in politics BS don’t grasp.

Outside of their bubble, there are developing countries with growing populations who NEED the least expensive, most efficient forms of energy to help their economies and lifestyles of their citizens to catch up to the rest of the world. That means increasing demand for hydrocarbons.