Spencer Dale - BP

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Last quote by Spencer Dale

Many low-cost producers have rationed supply with a view that if they do not produce a barrel today they can produce a barrel tomorrow. I think it is increasingly likely that there will be technically recoverable oil reserves which will never be extracted.feedback
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Apr 17 2017 Oil
Spencer Dale has been quoted 7 times. The one recent article where Spencer Dale has been quoted is Global oil demand to grow into 2040s: BP outlook. Most recently, Spencer Dale was quoted as having said, “Low-cost producers will use their competitive advantage to increase their share relative to higher-cost producers. If you get a combination of a very rapid increase in electric vehicles with a very rapid increase in these new technologies the numbers involved could get bigger and more significant. Key growth isn't to power transportation ... rather oil as an input into other products, particularly into petrochemicals and fabrics.”.
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