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Old 03-28-2018, 12:36 PM   #634
ggies
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Location: Dallas, TX
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Quote:
“The world is changing, and so is Statoil,” said Board Chair Jon Reinhardsen in a Thursday morning statement. “The biggest transition our modern-day energy systems have ever seen is underway, and we aim to be at the forefront of this development.”
Quote:
Statoil CEO Eldar Saetre acknowledged in 2017 that “a peak in oil demand” is coming, probably between the mid-2020s and the mid-2030s, and eventually oil “will be a shrinking business.”
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