The World Needs Trillions in Oil and Gas Investment to Avoid a Supply Crunch
Are We Falling Short?
Key Points
Research suggests that the world needs significant oil and gas investment, potentially in the trillions by 2030, to meet natural decline curves; however, current spending may fall short.
It appears likely that global capital expenditure (capex) for 2025 will be around $570 billion, which is below the estimated $640 billion needed annually by 20…
