Tag Archives: The Golden Age of Gas

Shale Gas (Part III): A Brave New World?

In this post, we will switch from a look at the shale gas outlook in the US to that globally. Again, the starting point is a forecast of total energy consumption out into the future, and then a discussion of what amount of gas would be needed to produce a true energy transformation. The latest set of forecasts we have are those from BP’s Energy Outlook 2012, just released this January. The report can be found here.

Interestingly, there is not that much difference between the aggregate energy numbers produced by the major organisations that predict energy supply and demand into the future (IEA, EIA, OPEC, BP and Exxon Mobile). I think that this is because they generally start with a GDP growth (and energy intensity) assumption and then work backwards to produce supply and demand forecasts. (The question of whether growth drives energy or energy drives growth is a topic for another post.)

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