... thing, depending on the stance one takes. Ruehl argued that the choice to avoid “scenarios”, as common with industry standard reports like IEA World Outlook, is based on the fact that the supermajor wanted to offer a pure, clean and direct forecast. If any reader hopes to avoid analytical jargon of various highly divergent scenarios then this is an ideal report offering a guide into the future granting that one believes the BP analysts, but others may cast it as too limited with BP’s ...
... evolutionary (e.g. better engines/tires) in contrast to radical revolutionary changes (e.g. new sources of fuel) as technology is near its peak and it will now slowly tidy up the small margins for a total consumption reduction of 30% by 2025. Overall, LUKoil forecast that BRENT oil prices in US/bbl will incur a steady rise until 2025. Only exception is a possible dip in the next year or two as we recover from the global economic meltdown. By 2025 prices could hit in the region of $140 and importantly remain ...
... contamination due to chemicals used in the method or gas released into the water make it unwise?
European countries like Great Britain, Germany and Poland, as Chatham House sees it in The New Times article, will not make a substantial contribution to the shale gas revolution in the immediate future. Although they have begun developing shale since the end of 2000’s, technical factors like difficult geology in Europe and high density population, as well as, institutional factors like environmental ...
... especially now as it is disabling its nuclear reactors after the Fukushima Disaster. It will have a serious impact on the already tentative Japanese economy, especially as it has no own energy reserves, making it a premium market for all exporters.
- Shale Gas Revolution:
The US ‘shale gas revolution’ has made this previously substantial net-importer of gas into almost a self-sustainable entity, with a net-equal position between its imports and exports. USA even had to convert its now ...
