In sharp contrast to the globally expressed concern regarding the emission of CO2 stemming from the burning and combustion of fossil fuels, and the ongoing efforts to establish a new global Climate Agreement with binding commitments towards curbing such emissions, the demand for petroleum, next to coal making up the fossil fuels, is strong and as far as foreseeable will remain strong in the coming decades. Clearly, it is not expected that Government climate change policies following from the intended Climate Agreement will have much impact on the demand for both oil and natural gas in the coming years.