In this World Oil Deep Dive, we feature a segment from the World Oil Forecast Breakfast held in Houston, capturing the 98th annual review of global E&P activity. Dr. Ken Medlock, a distinguished fellow in energy and resource economics at the Baker Institute, shares his unique perspective on energy forecasting. Delving into the complexities of global energy trends, Dr. Medlock emphasizes the critical role of geographical context in shaping energy policies and forecasts. He also challenges common narratives about the decline of oil, presenting data-driven insights into the resilient demand for hydrocarbons across different regions. This episode offers a deep dive into the evolving dynamics of the energy sector, spotlighting the importance of nuanced, data-informed discussions in navigating the future of energy.