Technological breakthroughs may have increased the world’s potential oil and gas resources significantly, but variables and uncertainties will determine how quickly and to what extent they are developed, participants emphasized during the opening day of the US Energy Information Administration’s annual conference. Unconventional natural gas production growth will be strongest initially in North America, and have economic, geostrategic, and environmental impacts worldwide, agreed members of a panel examining that subject. “We’re not going to see the same kind of global market for gas that exists for oil and coal, although there will be pressure on oil indexing as US [LNG] exports grow…

3 Comments on "Variables, uncertainties still shape world energy outlook"

BillT on Tue, 25th Jun 2013 6:20 am 



More BS from the Oil pimps.

mo on Tue, 25th Jun 2013 4:06 pm 



I don’t think they even look at depletion rates not only from shale but the older conventional fields

Lucky Luck on Tue, 25th Jun 2013 10:07 pm 



Let’s enjoy the Renaissance of Depletion. May the Big Oil Exorcist take over the world after this party!