Find below the executive summary of the International Energy Agency’s overnight release of its World Energy Outlook 2012. There are some quite incredible factoids in this document including:
- the US is set to overtake Saudi Arabia in 2020 as the world’s largest oil producer
- the US is set to become energy self-sufficient
- unconventional gas supplies are set to supply half of expanding global supplies
- global LNG markets are set to converge and pricing mechanisms will too
- Iraq is set to be the swing producer in oil markets
- water is set to become very valuable indeed
In short, energy is about to reshape the world. I thoroughly recommend you read it.
Advertisement