The Shift Project carried out a prospective analysis on the European Union’s current oil supply chains, building on top of a study from Rystad Energy, an independent energy researchand business intelligence company.   The conclusions of the report? Most of the current oil supply sources of the European Union will likely decline by 2030. We are also facing a potential global oil “supply crunch” by 2025.   The summary (30 pages) of the report by The Shift Project can be found here:https://theshiftproject.org/wp-content/uploads/2021/05/The-Future-of-Oil-Supply_Shift-Project_May-2021_SUMMARY.pdf      The full report (only available in French, 181 pages) can be found here: https://theshiftproject.org/wp-content/uploads/2021/05/Approvisionnement-petrolier-futur-de-lUE_Shift-Project_Mai-2021_RAPPORT-COMPLET.pdf      Sources to learn more about petroleum extraction:   Most relevant: What does “producing” oil look like? https://jancovici.com/en/energy-transition/oil/what-does-producing-oil-look-like/   For a broader view of the topic, you will find a series of different articles going into the details of different aspects of oil production here: https://jancovici.com/en/category/energy-transition/oil/   Hosted by Ausha. See ausha.co/privacy-policy for more information.