The world is hurtling towards an energy crisis, one in which the demand for oil, in my opinion, will grow for at least the next decade, yet the global oil supply chain can no longer adequately respond to it due to stringent environment, social and governance regulations and pressure from investors.
It could lead to all-time high oil prices in the years ahead that could crimp global economic growth, despite the decades-long runway for oil substitutes needed to reach critical mass and achieve decarbonization.
