Good news!
Humanity needs abundant and cheep energy more than the Global Warming hoax and the Climate Change religion! Obsession with fantasy and superstition is unhealthy and irrational!
In case you missed it: Renewable energy is seriously unreliable and everything but environmentally friendly!
"Deepwater oil and gas production will grow 60 percent from 10.4 million barrels per day this year to 17 million barrels per day by the end of the decade, according to a report from Wood Mackenzie. ..."
"... Deepwater production is set to increase by over 60% between 2022 and 2030, growing from 6% to 8% of overall upstream production. Ultra-deepwater production – from depths of 1,500 metres and above is growing fastest – by 2024 it will account for more than half of all deepwater production (our definition is 400 metres of water depth or above).
Brazil remains the leading deepwater producer, it accounts for around 30% of current global capacity and will continue to grow. Guyana, the most significant new entrant, will be producing one million boe/d within the next five years. In total 14 other countries will contribute to the deepwater supply mix in the coming years. ..."
Wood Mackenzie: Global deepwater production to increase 60% The fastest growing resource theme in the industry has inherent emissions advantages for the sector
Indexed oil & gas production growth by resource theme, 2022-2030
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