Uncertainty has implications for investment in both the oil industry and the rest of the economy. Let me start with the oil industry. Most of the capital investments in the oil industry are irreversible, especially those involving large scale infrastructure such as pipelines, so the option value of waiting will be a factor influencing investment decisions in the industry.
Given the uncertainty about long term oil prices, the probability that future oil prices will be too low to enable investments in the oil industry in Uganda to be commercially viable over the lifetime of the projects is not zero.