Tue, Oct 21, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Oil, Price Watch more

US shale gas to lead to lower oil prices

Posted on 04 June 2013

The US shale gas revolution “virtually guarantees” the end of oil’s monopoly as a transport fuel paving the way for lower crude prices, according to Ed Morse, the commodities guru at Citi famed for calling the peak of the oil market in 2008.
While coal, natural gas and renewable fuels regularly substitute for each other in power generation, oil has traditionally been immune from price competition because of the lack of widely adopted alternatives to kerosene, diesel and petrol in plane, train and car engines………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37561 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031