Energy Outlook 2035 - BP

... underlined that until a few years back shale or tight oil were not considered as serious energy sources with production rarely exceeding nil, but by 2035 BP estimates that around 7% of the global oil output will be from tight oil. In 2004 even the CEO of BP thought that peak oil was looming (oil was coming to a point when more was used than found), but as it turned out it was an overreaction as alternative ways to produce oil were found even though at a higher cost. It was not far from a wonder due to the anticipated catastrophe....