a brand it s been renamed ecuador to signal its shift to a broad based energy company. for several years and our projections and scenarios we predicted a peak in both the man s and oil production around the year twenty thirty. but this is all very uncertain and for this reason we believe that renewable energies will play a role in the future. because come to feel. the norwegian company plans to invest two hundred million dollars in renewable energy by twenty twenty two ecuador develop the world s first commercial floating wind farm off the coast of scotland. the high wind farm is linked to a battery storage system.
yarmulkes goes for the technology that permitted the development of shale oil and gas extraction was developed in the schlumberger bar a tree located in the city of najaf a c.b.s. company. that are in the development of this technology took place on russian territory but border if you combine into his head you know we didn t think fracking would be implemented on such a large scale ship that. intense eunice but it didn t surprise us because the united states and canada have significant hydrocarbon reza. so certain other was a.q. . unlike the united states russia doesn t extract its shale oil but even though russia was not surprised by the us fracking revolution moscow did not anticipate the collapse of oil prices. richard issued a new trip to the store in twenty fourteen small the russian officials and the oil and gas analysts believe the prices would not fall below eighty dollars
our projections and scenarios we predicted a peak in both the man s and oil production around the year twenty thirty. but this is all very uncertain and for this reason we believe that renewable energies will play a role in the future. because up to the all. the norwegian company plans to invest two hundred million dollars in renewable energy by twenty twenty two ecuador develop the world s first commercial floating wind farm off the coast of scotland. the high wind is linked to a bunch of the storage system. but norway has not abandoned to oil and continues to issue exploration licenses.
offer in wealth fund which has more than one trillion dollars in assets helps finance social expenditures in nov twenty seventeen the fundamentalist was considering divest in from or oil and gas saying the country already had enough exposure to this high risk industry but so far no decisions being made. but it s good they are to see it all when our time in the demand has peaked at all while one is worth anything anymore rich saying we don t know. or it could be a compromise one might go back up but it could also go down with. a working on a strategy to prepare. for the future. in another sign of the times the norwegian oil company stock oil decided to remain brand it s been renamed ecuador to signal its shift to a broad based energy company. for several years in
opposed to opec plus for us at the not especially our oil and gas companies which have an enormous production capacity when you are growing for them so that our state is currently controlled by the president and the government so the companies can t do anything now or in the near future by the company. in a small. opec went into the next round but it seemed the game was drawing to a close. earlier analyst alexander and lo yet had returned from texas and predicted an up evil in the oil market is full cost proved correct and the geo political landscape of oil was turned on its head. slumps where the order of seven needed care i mean american shale revolution has transformed the market by the end of twenty nineteen of the of the us will be producing nearly twelve million barrels