The number of years of production left in Royal Dutch Shell’s oil and gas reserves fell for the sixth year in a row in 2019 to below eight. There is a growing perception the world holds enough oil and gas to meet demand many times over, especially against the backdrop of a gradual shift away from fossil fuels because of concerns about climate change. Shell was rocked in 2003 when it revealed it had inflated its oil and gas reserves for years, leading to the sacking of its chairman and chief financial officer. …read more
Source:: Yahoo Finance
