Abstract
For the past decade OPEC has published the World Oil Outlook (WOO)[1]. This month (November 2017) launched the 2017 report which offers a thorough review and assessment of the medium- and long-term prospects to 2040 for the global oil industry, as well as analysis of various sensitivities that have the potential to impact the petroleum industry in the years ahead. It clearly identifies that Gas is the future of energy with use of Renewables the fastest-growing power source to 2040. The identified uncertainty is the uptake of electric cars and the resulting decrease in petrol consumption.
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Journal of Geology and Geoscience 