Future Outlook of Oil and Gas Supply and Demand

The oil and gas industry has always been a hot topic for economists worldwide. Regular research and analyzes performed to predict the phase of the oil industry in the future.

Apart from the fact that if the industry successfully deals with specific challenges such as finance, human resources, technology, and politics, it still has the answers when it comes to the limited presence of hydrocarbons. This is to meet the continuous demand for energy worldwide.

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Oil and gas produced in the crust of the earth from the sun for millions of years, and therefore have limited energy resources. Therefore, the production of oil and gas is not sustainable in the long term.

The US Geological Survey (USGS) reported a complete estimate of world oil supplies. If international companies are allowed to find new alternative energy oil supply from the Middle East will be sufficient for the future.

It can be concluded that the data cannot rely on the oil industry cannot be used to analyze the prospects for the future. Hydrocarbons are rapidly depleting, but the demand for fuel is growing worldwide. Solar energy and nuclear energy are most likely the only long-term energy source.