... Ruehl, Group Chief Economist and Vice President of BP, this time around the multinational oil supermajor aimed to “shake-up the crystal ball” by recalibrating some of its old formulas in the bid to provide a fresh outlook on the way global energy markets will evolve. In this post Casing Point explores to what results this recalibration leads and what is in store for us in the world of energy; at the end should we anticipate major shifts or expect much of the same as in the last several ...
... impeding Armageddon almost by nature. Hence, this post will dwell into an Arctic from a pragmatic stance of promising potential and a need for stakeholders to cooperate, as certain waters cannot be crossed alone. As customary Casing Point will take an energy based angle and to assist analysis will draw from the recent conference hosted by RIAC. Enjoy & Feel Free to Comment!
Personal Note:
As my list of ''conferences attended'' grows, I am starting to feel like ...
... ribbons for their dusty bicycles, on the other side, people are busily exchanging their iconic means of transportation for new cars. As this shift is occurring, under the breeze of economic prosperity across Asia, South America and even Africa, the global energy balance is tipping, particularly as the new economic frontiers are moving at unprecedented pace. LUKoil's 2025 report focuses on these shifts with regards to demographics, motorization, OPEC policy and rapid changes in exploration and production ...
... contrast to the economically and politically stagnating West. However, for Russia, this re-emergence plays an exceptional role which stirs much uncertainty and mistrust, as once this giant wipes of the rheum around its eyes and springs back full of energy, its only natural room to manoeuvre seems northwards. Even if the world does not tremble, Russia fears that at the least Eurasia will shake. As promised, this is the second post in this special series and once again I am joined by the Head of Oil ...
... perhaps one of the biggest challenges in the upcoming decade as its economy is overly dependent upon natural wealth, but our main European market is quickly becoming less accessible raising the question: where to go? Aside, long-term diversification from energy export dependence, Russia has a relatively shorter-term option: to expand into Asia, but this option is far from easy and requires tricky manoeuvres.
Personal Note: I should have uploaded this particular post on RIAC from the start to make ...
... and institutions I follow. Also, please feel free to leave a comment below!
March's Top News:
- Xi Jinping... From Russia With Love:
Xi Jinping visit to Russia was highly symbolic, as is the case with first foreign visits (See: NTS). Energy was at the forefront of the visit with two different outcomes for the oil and gas talks. The other issue was geopolitics as the visit signalled that the world is changing by shifting West to East (See: Reuters). Xi argued that its "time to ...
... 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 ... ... without innovation in business there is only decline.
Global Impact of Shale - Winners & Losers:
Aside from traditional energy suppliers, the world should benefit as in 2015 the first LNG terminal will be built in the US on the Pacific coast to export ...
... will see continuous increases in prices for the next 20 years; 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 ...
... geological spending increased from 4.2 billion rubles to 37.4 billion rubles (2000-2012), the next step many specialist argue for is to have a system where information can be shared or even energy sector civil society.
Revenkov, V. (Oil & Gas Institute of Energy & Finances): Shale Gas Revolution
In the world of energy trade which may seem slow and quite traditional, things in fact can alter swiftly with states or energy firms being like poker players; individual skill mainly rules the result, but at times one wins due ...
