We investigate the potential for statistical forecasting of aggregate oil and gas investment on the Norwegian … random walk benchmark in an out-of-sample environment. Second, lags of investment growth, crude oil price growth and realized … volatility is found to be adequate predictors for the investment growth. Finally, there is a clear benefit from re-estimating the …

decline of 6.5 percent in investment among publicly traded oil and gas companies between 2015 and 2019, with European …. Results support the Neoclassical investment model, which predicts a pre-emptive cut in investment in reaction to downward … shifts in prospective demand, in contrast with the "green paradox" that predicts an increase in current investment to shift …