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As Oil Prices Predicted To Remain Low, Energy Firms Seek Ways To Adapt

NPR | By Chris Arnold
Published July 28, 2017 at 4:54 PM EDT

The CEO of Royal Dutch Shell this week said his company is making a striking shift in its thinking: It now expects oil prices to remain low forever. The global oil glut of recent years shows no sign of diminishing. Energy demand has leveled off. And if electric vehicles take off, oil prices could come under even more downward pressure.

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Chris Arnold
Chris Arnold is a correspondent with NPR's investigations team. His reports are heard regularly on NPR's award-winning newsmagazines Morning Edition, All Things Considered and Weekend Edition.