The outlook under a base case scenario is for a long
decline in oil production to begin in 2017, which will stretch to the end of the century and beyond. Projected increases in deep water and non-conventional oil, which are
‘rate-constrained’ in ways that conventional oil is not, will not change this pattern.
decline in oil production to begin in 2017, which will stretch to the end of the century and beyond. Projected increases in deep water and non-conventional oil, which are
‘rate-constrained’ in ways that conventional oil is not, will not change this pattern.
