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I'm hopeful, and I do believe we've seen the end of oil flowing into the gulf".
I set the play in the near future, after the end of oil.
Shortages and unrest in the Middle East foreshadow the end of oil.
That doesn't mean the end of oil, that could be in a plateau or even a gradual, gradual decline.
There has been a flood of gloomy books with such titles as "Out of Gas" and "The End of Oil".
Predictions of the end of oil have, so far, been wrong, and Yergin predicts they will continue to be wrong.
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(Blockchain company ConsesnSys just launched an oil industry consortium to drive process efficiencies). Notably, for the end-of-oil crowd, Shell also announced that its free cash flow in 2017 with oil around $50 was equal to the amount it generated in 2014 when oil was $100 a barrel.
Hydrocracking is a very important catalytic hydroconversion process by which the heavy ends of crude oil are converted into more valuable products.
Compared to the end of cheap oil, "peak oil," or the moment when worldwide production hits its peak, is irrelevant, at least from an economic standpoint.
The more we talk about peak oil demand in the end of the oil era, the stronger the reported news is about oil demand today exceeding expectations.
In "Recovering From Wyoming's Energy Bender" (Op-Ed, April 20), Alexandra Fuller questioned the effect and end result of oil and natural gas exploration in Wyoming.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com