Catherine Murray w Eric Nuttall June 29 2021 and other ideas from other analysts

 https://youtu.be/rMypF9k1PKo

-oil supply crunch eminent.

-by 2050, population estimated to increase by 26%. So will oil demand. 

-today, June 29 2021 World using 97 MBD of oil. (previous estimate was 2021 uses 95 MBD)

-Activists have created a supply crunch via KXL. Exxon board invasion abetted by Brookfield Renewables ( a beneficiary in govt handouts of renewable projects), govt decrees-EV replacement of ICE's and the banning of ICE's, Dutch court on emissions of Shell. etc.

-Capex reduced. (Q3 2020 capex 1/2 of Q3 2019)  It takes 4 to 6 years to get oil from global offshore non-OPEC sites. These are 1 in 4 barrels consumed and deplete at 6% per year! Twenty five percent increase in next 3 years to offset supply crisis.   

-Global supply will increase by 1 million barrels per day every year for at least a decade, 2045 estimate to 110 barrels per day.

-all previous demand increase ( 6 million barrels per day)  was provided almost solely by shale. Shale lost 1/2 a trillion bucks and no one is interested in trying that again.

-45% of oil demand is road transport with 60% being  light vehicle transport (27% of total oil use).

-the 27% is what EV's are purported to replace inspite a lack of cobalt/lithium etc for EV's. (105% of world Cobalt and 85% of world Lithium to achieve this currently.) Expect battery prices to soar.

-A purposeful induced  scarcity of oil will need to be created  (via reduced oil investment and massive carbon taxes) to raise operation costs  of ICE's such that EV's will be comparably priced for the masses.