The option to wait.

The author discusses developments in the oil and gas industry worldwide as of October 2015, particularly the need by the sector to adapt to the low price of crude oil. Also cited are the report by the International Energy Agency showing that the worldwide demand growth of crude oil will hit a five-year high in 2015, the production from members of the Organization of Petroleum Exporting Countries, as well as the adverse effects of low price to such key producers as Saudi Arabia.