The latest podcast from Columbia University's energy think tank has an interesting chat with Eirik Wærness, the chief economist at Norwegian oil giant Statoil. But if you don't have 34 minutes to spare...
A big takeaway: Even if carbon emissions are controlled enough to hold the global temperature rise to 2 degrees celsius above preindustrial levels (that's the difficult goal of the Paris accord), oil companies will still need to find lots of crude to meet global demand.
Why it matters: We're hearing a string of warnings from industry officials and experts that even with the U.S. production surge, global investments in new production could lag behind what's needed. The world's oil thirst isn't peaking anytime soon despite better efficiency and new technologies, according to forecasts from the International Energy Agency and big companies.