Oil industry needs 14 Trillion dollar investment to meet global demand – OPEC


Good news for Oil rich Alberta, Business Day is reporting this

The Organization of the Petroleum Exporting Countries (OPEC) says that the oil industry will require about $14 trillion in investment from now to 2045, to meet the global demand.

Meaning the oil price will be getting a lot higher in the future!

An OPEC rep said that the investment would be needed for the upstream, midstream and downstream value chain because of the massive rise in energy demand, as oil would continue to represent 30 per cent of the energy mix by 2045.

Wouldn't it be nice if that $14 trillion (in US dollars) investment was in Alberta's oil patch?  Allow me to explain the sheer magnitude of that number, Canada's GDP for 2021 was just under $2 trillion. So if Alberta separated and sucked in some of that predicted investment money, we would be far more prosperous than all of Canada combined. 

Or we could stay in Canada, and let Trudeau continue to give it all to Quebec: known colloquially in the prairies as the status quo.