... coal will stay steady even as China begins to finalise its industrialization and shift to cleaner more energy inputs (e.g. gas), as other Asian nations will enter their own respective industrializations and boost demand for coal (at 1.1% p.a). As BP forecasts coal will resurge strongly in lesser economies like Indonesia, India, etc. As Ruehl points out industrialization has always been about the “cyclical effect of energy usage”, as first countries use cheap dirty coal when they are not developed, then they shift to oil that stimulates demand and then finally to cleaner gas and green energy as they are no longer worried about expensive energy prices nor do their ...
... newer equipment – China alone will increase its refining capacity by 2.4 million barrels per day in just four years. As USA enters the export market excess diesel fuel will be exported to Europe, while gasoline will be moved to Latin America, in ... ... Russia this is not good news as it is yet to complete any big gas deals with China, while its traditional European market is forecasted to persist in being difficult. Although European production will actually decline and imported gas will increase, the ...
... the US shale fever could substantially impact the energy league table. I also include some personal insight and pictures for clarity as I go along, please feel free to leave a comment – lets make these blogs interactive!
Shale Gas History (USA):
The New Times – a Russian weekly – reports that the US Shale Revolution is picking up pace at unprecedented levels, mirroring Klondike Gold Rush. It certainly took its time, as original discoveries of shale were made centuries ago,...
... 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 useless LNG terminals (which it first built at a massive cost to assure gas supplies in early 2000’s) into shale gas export stations; albeit their potential is limited due to original LNG terminals being inflexible....
