Chevron's Watson: The world must focus on all forms of energy to meet the 40% global energy demand increase by 2035 As the ministers of the Organization of the Petroleum Exporting Countries prepare to meet in Vienna on Friday, the world is focused on the implications of the new supplies of crude oil and natural gas, primarily from shale and tight resources, and the lower-price environment they have helped create over the last 12 months. One of the implications is that industry has, in some cases, delayed or scaled back projects that may not look as attractive at today's prices.