To borrow the words of Christof 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...
Internet like Steam Engine, is a Technological Breakthrough that Changed the World
Peter Singer
Up to recently, I was sceptical about Singer's quote. As my economic background reminded me that the light bulb was more revolutionary for growth, and as I am quite a social person, I avoided too much online interaction; but my (belated) discovery of Twitter altered my views. I was never going to tweet about futile things like 'how good was my sandwich', but rather form it into...
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Findings and Conclusions
- Demand Carousel turns towards the Developing States:
In developed economies demand is expected to stagnate. In Europe, perceptions about gas... ... opportunity cost for the next stage of efficiency is too high. Lastly, in regards to developing economies the demand is expected to boom, with 85% of the global growth in... ... 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...
... 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 ...
