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Muqsit Ashraf, Chief Executive Officer of the Strategic Group responsible for Accenture, stated at the Energy Asia conference that the oil and gas industry is still a good investment. He pointed out that the industry continues to maintain double-digit returns on capital (usually between 15% and 25%), while the returns on renewable energy are lower. He also stated that demand is expected to continue to rise, with oil consumption potentially increasing in the next 5-10 years and natural gas demand expected to increase by 30% to 40% in the next 10 years. He also mentioned that the industry is facing a natural decline in shale oil production, which must be replaced or supplemented, therefore requiring ongoing investment.