GHung wrote:My feeling has been that the majors aren't working to find new large conventional sources because they don't think there are any, at least none that can pay. Easier, and currently more profitable, to scrounge what they can from known shale plays and increasing EOR of mature fields. I agree that this is short-term planning because, as you say, there don't seem to be any good long-term prospects left.
AKA: NO OTHER PLAN B.
Annnnnnnnnnnnnnnnd you're not a doomer.
And other energy sources like natural gas, coal, and green don't exist. And transition to green energy over the next few decades, if the worst case scenario re net oil supplies occurs, is impossible.
Please, do tell us more of your wisdom.