As the global economy emerges from the pandemic and commodity prices continue on a recovery path, it’s becoming increasingly evident that the oil and gas industry is standing on the precipice of something big . Scores of Wall Street punters have issued a generally bullish short-to-mid-term oil outlook despite the formidable headwinds posed by the pandemic. Even the normally conservative IEA has raised its oil price outlook for 2022 despite issuing a lackluster forecast for the remainder of 2020. However, few experts have ventured into prognostications about the long-term oil trajectory. What’s in it for Big Oil 5, 10, or 20 years from now? A remarkable reinvention? A long, slow decline? Or perhaps a more abrupt collapse? UK-based multinational professional services network Ernst & Young has delved into the subject and offered some pretty interesting insights regarding the long-term oil and gas outlook. Mitch Fane, EY Americas Energy & […]