Ex-Shell CEO Says Underinvestment Keeps Oil Prices High

The video discusses OPEC's production cuts and their impact on the oil market, highlighting the role of US shale as a balancing supply. It explores the challenges of maintaining oil production due to decline rates and underinvestment in large projects. The discussion also covers the potential for future oil price peaks and the need for continuous investment to sustain production levels.

What factors contribute to the fear of the market regarding oil prices?

How does US shale oil production affect OPEC's production cuts?

Discuss the implications of underinvestment in large oil projects over the past years.

What is the normal decline rate in oil production, and how does it impact future production?

What are the potential consequences of a lack of maintenance cap on oil production?