Wed, Jan 28, 2015
A A A
Welcome preal121
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 39000 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
January 2015
S M T W T F S
« Dec    
 123
45678910
11121314151617
18192021222324
25262728293031