With Shale, ‘Increasingly Unlikely’ World’s Oil Reserves Ever Exhausted, Says BP Economist

摘要

The “core beliefs” that many energy economists had about the global oil mar- kets have been upended by the U.S. shale revolution, BP plc’s chief economist said Tuesday. Spencer Dale argued for an updated set of principles to refect the new economics of oil on Tuesday before the Society of Business Economists Annual Conference in London. Two things, he said, are having a profound impact on the future of the energy markets: the shale revolution and concerns about carbon emissions.