I'm waiting for someone to write a piece explaining the complexities of the industry and the symbiotic relationships which exist between the industry and the rest of the world.
I doubt you will read it on FR. I don't think we have enough bandwidth.
Without that knowledge, however, we can never form an opinion.
I wonder how it is that Africa with a huge land mass could have just 7% of the worlds oil. There is so much land and so many unreliable leaders, that I doubt much money has been spent to survey its true potential.
Regarding your points, when they mention world needs it is like cars will continue to have gas only engines and that nuke power and coal will not replace much of the gas.
so your comment holds on for years while the data floats around in the heads of petro engineers.