Is oil era over?

[KenyanPlato]

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It seems it is hard to develop new oil discoveries. Uganda oil mining keeps on getting delayed due to market issues. It was supposed to start in 2025 never happened. Our measly low quality oil in turkana is not economically feasible..even Saudi Arabia is preparing for post oil. Usa is supposed to be getting rid of gas car engines manufacturing by 2040. Electric cars will be the norm soon.

Seems kenya will continue just being a Mlungu national park. You all need to train your kids to be be good morons to dance for Mlungus

https://www.aljazeera.com/news/2023/1/24/uganda-to-unveil-first-commercial-oil-production-drilling-programme

[Kadudu]

The oil era is not over yet, but the demand will reduce drastically. The oil producers that can extract oil cheaply will survive. Uganda's oil should focus on local market and the neighbouring countries. Shipping refined oil to countries like China will soon not be worht it. Over 50% of new cars sold in China are electric. In Europe still low by around 20%, but the trend is pointing upward.