Energy Transition Threatens $14 Trillion In Oil And Gas Assets ...Middle East

The energy transition is putting as much as $14 trillion worth of oil and gas assets at risk, Wood Mackenzie said today, as quoted by Reuters, in the latest doomsday scenario for the energy industry. Over the short term, the future looks good for oil and gas, according to the consultancy. Demand for oil and gas will rebound to pre-pandemic levels and even exceed them, reaching 160 million barrels of oil equivalent daily. What's more, oil and gas companies are getting still leaner and meaner, and will this year be able to generate as much cash flow…

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