WATCH: CEC’s Mike Simpson on how oil and gas will remain in high demand for decades to come

'Oil and gas is going to be here until at least 2050 and in some pretty significant numbers'

By CEC Staff

Canadian Energy Centre Executive Director of Operations Mike Simpson joined Taking Care of Business host Mario Toneguzzi to discuss new research examining key results for oil and natural gas production and demand, drawn from the International Energy Agency’s Extended World Energy Outlook 2021.

Using the IEA’s base case, or most likely, scenario, the Fact Sheet concludes that the oil and gas industry worldwide and in Canada will not go into decline over the next decade. In fact, the demand for oil and gas in emerging and developing economies under the most likely scenario will remain robust right through 2050.

Watch the full interview here or watch above.