Brian Sullivan: Five key takeaways from OPEC’s 2045 oil outlook

  • Date: 29-Sep-2021
  • Source: CNBC
  • Sector:Oil & Gas
  • Country:Gulf
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Brian Sullivan: Five key takeaways from OPEC’s 2045 oil outlook

The Organization of the Petroleum Exporting Countries rolled out an opus — its " " Clocking in at a Texas-sized 340 pages, it's not the easiest of reads, but helpfully the good folks in Vienna tossed us a 30-page Executive Summary as well as an interactive edition. Whatever OPEC says about oil, oil demand, the future of cars and everything else fossil fuel-related is going to be discounted, if not openly mocked, given that the organization is one of petroleum-exporting countries. It's not the renewables-exporting countries, although OREC has a certain ring.  Still, the group and its researchers did a great job of putting together a lot of data, information and projections in Tuesday's report. During my trips to OPEC headquarters in Austria, I've gotten to know some of the women and men who put this together. They aren't oil roughnecks, but studious academic types working in a well-stocked library. They are more pragmatic than one might think for an advocacy organization.  There's a ton of stuff to discuss and debate in the 2045 Outlook, but here are the five things that stuck out most to me. 1. Oil is far from dead A projection that oil and