Royal Dutch Shell says it is already past peak oil. In a Thursday press release, the company said "oil production peaked in 2019," and that it expects an annual decline of 1% to 2% per year. That's something Shell has anticipated for some time, and it's hoping a combination of new businesses will keep it from going the way of the dinosaurs whose... Shell admits it’s past peak oil, eyes carbon offsets as a business opportunity
Royal Dutch Shell says it is already past peak oil. In a Thursday press release, the company said "oil production peaked in 2019," and that it expects an annual decline of 1% to 2% per year. That's something Shell has anticipated for some time, and it's hoping a combination of new businesses will keep it from going the way of the dinosaurs whose...